Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: MNbag on January 22, 2022, 09:13:08 PM



Title: The Problems with NFTs and Crypto in General
Post by: MNbag on January 22, 2022, 09:13:08 PM
https://www.youtube.com/watch?v=YQ_xWvX1n9g (https://www.youtube.com/watch?v=YQ_xWvX1n9g)

If you can watch the Wolf of Wall Street, then you can watch this.

Don't talk about FUD or fake news until you can confidently say that you have seen it all, it is not a tweet to half-read while eating or another hype vlog in the background of your hustling.



Title: Re: The Problems with NFTs and Crypto in General
Post by: hatshepsut93 on January 22, 2022, 09:31:30 PM
I watched this video yesterday. The guy sure did a lot of research, but still he bends the truth to push his narrative in certain moments. Like when he presents Bitcoin as a tool created by anarcho-capitalists as the response to the 2008 crisis, while in reality Satoshi was working on Bitcoin years before it happened and how Bitcoin's actual roots lie in the cypherpunk movement that wasn't mentioned at all. Or how he says that Bitcoin mining will be monopolized because "winner takes all", ignoring the fact that mining pools were a thing almost for as long as Bitcoin exists. He also makes a lot of arguments about how Bitcoin can't be a currency because of scalability, deflation, price volatility, but ignores the argument that Bitcoin is a store of value, which has been very popular in the recent years, and is a driving force behind the recent adoption by institutions.