Transcript of the above video: 

As the title of this video suggests, we are discussing using Bitcoin to buy a house in Thailand. First of all let me be clear. I think that the Government now has pivoted off of their Digital Wallet because it was basically a failure in terms of something they were trying to push because people saw that, 'hey we don't really want totalitarian tokens that we have to go into national debt for, that isn't really money; it can be turned on and off; it can be set so you can only spend it in certain places and on certain things; basically Thailand said we don't want that. And now the crew that tried to push that, seems to be now trying to pivot and get behind what in my mind is kind of a pie in the sky notion that has been sort of percolating up to the surface in American political discourse especially here, between the election and the inauguration, on this notion of a Bitcoin Reserve”” and all of this, which again the notion of Bitcoin Reserve is like totally antithetical to what the principles Bitcoin was founded on to begin with. It wasn't supposed to be some kind of mechanism or, how shall we say, sort of basically an institution of the state if you will. That was quite opposite of its purpose. But again, there seems to be this ongoing push to get all of our financial transactions digitized.

I've been watching this for a long time by the way. I go a long way back on Bitcoin. I think I was watching Bitcoin going back into 2009 when Max Kaiser started talking about it. Quite frankly, I somewhat regret not just throwing a hundred bucks into it then, but that was beer money for me at the time and I had other things to spend it on. As time went on, I did acquire a little bit of Bitcoin mostly because I was tired of thinking about it because you would see it sort of in the news, but long story short, I don't hate Bitcoin. It has purposes, it has use cases in many circumstances, but one, I don't view it as money in the traditional sense or the legal sense. Going all the way back in the western tradition to the Pandects of Justinian, gold and silver, precious metals are money; those are legal money, legal tender. Meanwhile, you have legal tender laws regarding currencies, so that brings in another legal analysis on that. Bitcoin is neither of these things. 

That said, quoting directly: "Those who fled the Russia-Ukraine war and settled in Phuket might find it difficult to obtain 50 million Baht to purchase a house. However, paying with Bitcoin could be a much simpler process," Pichai" – (and that is Deputy Prime Minister and Finance Minister Pichai Chunhavajira) said." So again, what they are talking about here is one, let's be real clear. This reminds me of what we used to call a gunner question in law school. We called them "gunners" in law school. They would sit in the class and you would have the professors doing the lecture and these guys - especially your first year of law school - they are constantly raising their hand. "Well what if this, what if that?" That's what this sounds like to me. "What if we have a person that comes from Ukraine or Russia and they have 50 million Baht in Bitcoin. What are we going to do then?" Well that is not exactly somebody you are going to be dealing with on a day to day basis first of all. This isn't something that's going to be overly frequent. Now are there people with Bitcoin assets that may want to buy property in Thailand? Yes. As you go through in that article though they basically say, "yeah, you have got to convert it to Baht and then you can go ahead and buy that property." Well we have platforms for that; we have exchanges here in Thailand. I'm not understanding why there is this push to somehow up end all of that. That can be done. You just can't directly buy property in Thailand with Bitcoin. And why is that? Bitcoin isn't legal tender, period, end of discussion. None of this stuff is; none of this Crypto is. 

I know there's a big push to do it because again in the Central Banking circles and the World Economic Forum circles and the global technocracy circles, there is a big push for this digital money because they effectively want to track and trace and surveil all of our financial and economic transactions. But at the end of the day again, I'm really getting tired of seeing the press basically play as a handmaiden to these nonsensical ideas from this "core coalition party" operators in the Government, who are trying to get all this Digital Money imposed upon Thailand. Look, at the end of the day, the Thai Baht is legal tender in Thailand. That is what you use to buy property here in the Kingdom of Thailand.