‘Crypto not meant for humans’ says Anthony Pompliano

[Broly46]

I beg to differ, I think dollar not meant for humans, because no matter I work so hard for it, I would have no money, no balance in my bank account, but I have millions in debt, debt in dollars, if dollar are meant for human, I would have millions in my bank.

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[Ucy]

Article is a little creepy. It's interesting nevertheless

Well, people didn't have hard time understanding cryptocurrency when they made money from its huge price increase in the past. It wasn't boring at all back then. Anything that rewards people encourages them to understand how it works. Remove the rewards and I can assure you nobody will willingly learn the technical sides.
I remember back then then how many users knew what decentralization/blockchain was about. Even a singer called Kanye West screamed "Decentralize" on his Twitter post then

[fasdorcas]

I understand crypto is kind of hard for many to understand, but I disagree with Anthony pompliano.
Humans can use crypto equally very well and it is not only designed for machines.

It is only kind of difficult for humans because schools do not really teach what money really is.
The worlds education system do not adequately prepare students for solving real words problems.

[daarul50]

It's true that humans don't need crypto but humans need the price of crypto because that price can give humans some fiat money to survive.

[LUCKMCFLY]

I beg to differ, I think dollar not meant for humans, because no matter I work so hard for it, I would have no money, no balance in my bank account, but I have millions in debt, debt in dollars, if dollar are meant for human, I would have millions in my bank.

That analogy is excellent, the fact that this technology is somewhat difficult for some, does not mean that it is not for the human, people must accept that it must be studied to have an acceptable level and operate using a technology that is advanced.

[richminded]

It's true that humans don't need crypto but humans need the price of crypto because that price can give humans some fiat money to survive.

Its more on investment of course especially right now that the price is more volatile. Somehow he’s right, because cryptocurrency is made to improve the system. But i think cryptocurrency still need human, since it cannot work without us and its hard to market cryptocurrency if there is no investors. I still believe that both parties need each other and it will continue to grow.

[Bijikopi]

if not for humans then for whom ?? it's very clear bitcoin was created to make it easier for humans to do business buying and selling ... so bitcoin was created for humans ..

[jrrsparkles]

It's true that humans don't need crypto but humans need the price of crypto because that price can give humans some fiat money to survive.

They don't even fiat too,they can survive their life just how the people did on stone ages.

If we need crypto for making fiat from volatile then we are misusing the technology and it won't last long for more years.

[PlusOne88]

Well I think it was designed for him, because he looks laughing like a machine... Just joking though! If it was not mean for humans then what should machines do? Machines rely on humans to work. There are no AIs built that could be more like humans to decide on things. I think his statements only creates a confusion. Well I think we need to keep our belief on cryptocurrency strong. I suggest not to take his statements seriously enough.

[24Kt]

Fiat is also hard to understand for the average tax slave with all the ways government regulate its supply and such, does that mean it's not for humans? Yes, there things about bitcoin that is a bit technical to understand, even for people who have already invested in it but the concept of a blockchain and limited supply is easy enough for anyone with a working neuron. I mean, we don't really have to know what happens when we swipe our credit cards right?

True. You don't need to know the algorithm behind every transaction that we are doing everyday. I believe crypto is for humans who want to work at the comfort of his home. 

[BitHodler]

They don't even fiat too,they can survive their life just how the people did on stone ages.

We do need fiat. It's convenient and with chargebacks people enjoy a wide level of confidence in their finances as a whole. It's what I consider a system that works extremely well, especially within well developed countries.

Crypto on the other hand sucks hard as money. The user interface sucks, the user experience sucks, you enjoy no buyers protection, insurance, there is volatility, forks, and the list goes on.

I won't say it's one of the worst forms of currencies at this stage, but it's definitely close to that. Fiat is superior in almost every way. There is no point in hyping up crypto as currencies, they suck hard in that field.

[rose9696]

Anthony Pompliano recently tweeted that the reason why people are having a hard time understanding cryptos is because it is not designed for humans.

Read more here: https://www.unblock.news/news/crypto-not-meant-for-humans-says-anthony-pompliano

I think this is a joke from him. cryptocurrency is quite understandable when we get quality courses. humans created it and he (Anthony Pompliano) said that crypto is not for humans. LOL.
I think he has read many times about crypto's theory but he still does not understand. he was angry and posted a tweet with that topic.

[binhvo1505]

Anthony Pompliano recently tweeted that the reason why people are having a hard time understanding cryptos is because it is not designed for humans.

Read more here: https://www.unblock.news/news/crypto-not-meant-for-humans-says-anthony-pompliano

  This is funny. I think he didn't understand the meaning of crypto and he declared this. Binance's CEO also voiced that Crypto is quite easy to understand and if it is conveyed in school, people will understand faster.
Anthony is still quite confused with crypto and he definitely needs a class about crypto.

[KennyR]

Fiat is also hard to understand for the average tax slave with all the ways government regulate its supply and such, does that mean it's not for humans? Yes, there things about bitcoin that is a bit technical to understand, even for people who have already invested in it but the concept of a blockchain and limited supply is easy enough for anyone with a working neuron. I mean, we don't really have to know what happens when we swipe our credit cards right?

True. You don't need to know the algorithm behind every transaction that we are doing everyday. I believe crypto is for humans who want to work at the comfort of his home.  

This isn't meant to be at the comfort of home. This is something beyond innovation to make every activities take place in an efficient way. Every cryto related activity is meant to happen through a channeled process. This makes the crypto for the humans who wants to move forward along with technology.

[buwaytress]

What a very human thing to say, but I guess this is what we should come to expect from all these social influencers who've unwittingly become masters of irony. I almost want to believe there's a bit of tongue in cheek, but this guy seems to be taking himself too seriously.

Anthony “Pump” ladies and gentleman is the biggest FOMOer of them all.
Only difference is he tends to speak the honest truth!

As opposed to the dishonest truth? Or the honest lie? Pompliano's a lot of pomp. Only difference with McAfee, for me, is that Anthony's got a bit more technical nous behind his hype. But he's about as verbose...

[futile-resistance]

if not for humans then for whom ?? it's very clear bitcoin was created to make it easier for humans to do business buying and selling ... so bitcoin was created for humans ..

I do not agree with him either, making us believes that Bitcoin is meant for a machine is absolutely not right. It looks to me he just underrated the powers in humans as a being and their ability to operate any kind of machine and am happy with the given response. It’s not like Bitcoin is not designed for humans because of its difficulty, it’s just that people are not been taught to know much about money.

It’s an easy thing to do; schools should work on their technology and endeavor to lay emphasis on teaching money in schools. This will even allow everyone become familiar with the system and the fear of having challenges with operating Bitcoin will no longer be there.

[Broly46]

I beg to differ, I think dollar not meant for humans, because no matter I work so hard for it, I would have no money, no balance in my bank account, but I have millions in debt, debt in dollars, if dollar are meant for human, I would have millions in my bank.

That analogy is excellent, the fact that this technology is somewhat difficult for some, does not mean that it is not for the human, people must accept that it must be studied to have an acceptable level and operate using a technology that is advanced.

Yes, learning to use crypto is a necessry step for everyone, no exception, and it remain to be a challenge for vast majority of people, I'm surprised to know most friends around me do not know how to acquire crypto, and I tot they're tech savvy.

[deisik]

They don't even fiat too,they can survive their life just how the people did on stone ages.

We do need fiat. It's convenient and with chargebacks people enjoy a wide level of confidence in their finances as a whole. It's what I consider a system that works extremely well, especially within well developed countries.

Crypto on the other hand sucks hard as money. The user interface sucks, the user experience sucks, you enjoy no buyers protection, insurance, there is volatility, forks, and the list goes on.

I won't say it's one of the worst forms of currencies at this stage, but it's definitely close to that. Fiat is superior in almost every way. There is no point in hyping up crypto as currencies, they suck hard in that field

There is one way in which it is not superior

As even fiat currencies in most developed countries tend to depreciate over time. Some less, some more, but it is still a one-way street for all of them without exception (something like "all paper will burn"). Bitcoin is different in this regard and while it may be as volatile as fuck, it is not like it is only losing value all the time

Indeed, it doesn't make a lot of difference if you have to spend all your current earnings on your daily paychecks. But if you don't, then it does. And in that case you will be more particular about strengths as well as weaknesses of fiat currencies, and things may start to look a little bit different to you

[justdimin]

I do not expect how Anthony Pompliano would expect anyone to buy into this his ideology. What on earth was he thinking of when he came up with this kind of weird thought ? If he says bitcoin is meant for machines, then how would machines spend or make use of the currency and at the same time, which controls machines ?

Is he now saying that humans can no longer make use of the machines, and if he feels there’s too much stress with the use of machine, I advise he talks more on teaching individuals more about the use of currency.

[el kaka22]

I think when talking about machine to machine it is not about "spending" but more about transaction. I mean you can have two machines exchanging knowledge between each other and we can assume there would be a highly sophisticated AI in the future (maybe not right now but in the future) and when it comes to AI and blockchain technology if you combine both of them it is not crypto currencies that matters since they won't be buying or selling anything but it can be blockchain that basically connects each of them together.

I do not think if we can successfully manage to build a self aware AI one day we will just stop at one, we will probably have multiple if not countless of them and blockchain could be used to basically track them and connect them together.