Bitcoin Forum

Thoughts on John Oliver bashing Dan and EOS and most of all fairly tale pony man brock pierce?

https://www.youtube.com/results?search_query=john+oliver+cryptocurrency

I thought it was a great segment overall, of a similar quality to all his other great segments. Gave a nice basic explanation of the tech, explained how the tech is changing the internet in ways we couldn't predict, and said how this could be like investing in a big company like Google early. However, also showed how some coins are obvious scams (Bitconnect), that some teams are very unprofessional (EOS), and that people are throwing money at ICOs with little knowledge of what they are buying. Ended with the classic advice "Only invest what you can afford to lose".

Nice, balanced presentation, with equal amounts of optimism and caution. Better than the vast majority of the media.

I'm the Dan at my work, but nobody minds because I gave out 1 BTC Casascius coins for Christmas when they were worth about $5.

I found Michael Keaton's response to be hilarious for some reason lmfao.

But yeah, I thought this video was pretty good, informative, and entertaining. It brings in awareness and, coming from John Oliver who almost always has a strong stand, doesn't seem biased. Discussing shitcoins is also a plus. I would link it to newbies.

He's not too far wrong when it comes to EOS. It's one of many coins that seem to be hugely overvalued just based on an idea. It reminds me of when TRON had a 16b market cap and it was all a whitepaper, even now it seems that way with it only being a 2m market cap. Many of the top coins aren't there on merit yet but just on promise.

He has a point though, 1.5 Billion for something that doesn't have anything to show for is ridiculous. But its the nature of this market that this works as everyone is heavily speculating and prices shoot up and crash down. So it can still be profitable ''investing'' but thats with every token/project, they all promise the world to you but seldom deliver.

He did a splendid job discussing cryptos, I always love it when people discuss the potential of this space rather than the minor negatives that exist. Amen to being out of the woods on the drug dealer and porn discussions.

Look at us talking about billion dollar valuations like they are nothing. Just last year to be in the top 100 at the beginning of the year you needed a 1m whereas now you need 129m at time of writing. Obviously we can't make another astronimcal leap like that but I could certainly foresee the #100 spot needing at minimum 500m by the start of next year.