Cryptocurrency Will Never Be Real Money

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Информация о Cryptocurrency Will Never Be Real Money

Название	:	Cryptocurrency Will Never Be Real Money
Продолжительность	:	9.26
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If you want to know more, watch Folding Ideas 2 hour long dissection on why both Crypto and NFTs are not only useless, but a scam and a psuedo cultbrbr youtube/YQ_xWvX1n9g
Comment from : KnowledgeHusk

Bitcoin is inevitable future
Comment from : Eller Ellerek

This is a perfect example of someone who doesnt understand that the value is subjective He thinks we are delusional but in reality he is
Comment from : Alpha Centauri

Cryptocurrency is the greatest worldwide twenty-four-hour-a-day seven-day-a-week from the palm of your hand casino that the world has ever witnessed
Comment from : jake hensley

Cryptoight replace paper money brBut if that'll happen the government will end ip controlling it
Comment from : nobodyxi

bGreat video! I really have a question How would you recommend someone who wants to invest less than $10,000 to enter the crypto market? I consider studying some traders and copying their strategy rather than investing myself and losing money emotionally What do you think of this approach?/b
Comment from : Ferran roberto

If you think about it the us dollar is backed by copper and nickel as you can take you dollars to banks and receive those metals in coins
Comment from : is chase

I remember back when Valve tried to allow people to purchase games with Bitcoin It was a complete dumpster-fire that resulted in more than half of all transactions being fraudulent It was so volatile and exploitable, criminals were running rampant on the platform
Comment from : Aaron

The fundamental misunderstanding is that a currency must have an intrinsic value in order to be useful That's just simply not true and comes from a fallacious belief that all transactions involve trade of one thing of value immediately for another thing of value For most of human history, the main tool of trade was not exchanging goods for other goods It was exchanging goods for the promise of a repaid favor later It was your credit, your reputation in your social group that allowed you to trade Money is just a tokenized, universally redeemable version of that social contract
Comment from : CTG Racing

Many online stores takes crypto right? So if I can buy technology that produces or facilitates work If there is faith Does it not have market value?brbrSo crypto has value
Comment from : James Edwards

Currency is government! Currency cannot exist without government That's why each country has it's own currency guaranteed by it's government! A country that has no government cannot issue a currency because there's no government to back it up and guarantee it's value It's a simple fact about currency most crypto boys failed to grasp
Comment from : nickels dimes

Crypto is more real currency than usd
Comment from : christian chellis

Don't worry about it Just give me your real money for this fake money brbrWhy am I accepting fiat for the crypto, if crypto is so great? Hmmshut up
Comment from : aluisious

this video is mad copium and trash but I hope yall keep selling before next bull market
Comment from : dizzle grizzle

"I used to trade it quite a bit nowadays it it's getting gross"brbr"I used to trade it quite a bit but now I realize how gross it's always been"brbrVery belatedly fixed it for ya <3brbrAlso, great videobrbrI always brought up the South Sea Company and Dutch Tulips to illustrate various types of scams out there Crypto is absolutely in the South Sea camp of scam At least the Gamestop bullshit was TARGETTING scummy people, tho TONS of naive people were also fleeced alongside the short sellers, but that's a whole other story
Comment from : yondie

Labor theory of value 💪
Comment from : A cmom

The dollar will never be real money
Comment from : James S

The dollar is a Ponzi scheme and can be printed at will for almost zero cost Want powerful governments? Give them control of your money enter Fiat money Bitcoin and only Bitcoin fixes this
Comment from : Brandon

If we had to blatantly honest Life in itself is a Scam Finance, Taxes, Taxes, Data//Internet, Electricity, Rates Bad Credit With that being Sad it's best to understand something that your investing in although the returns are not guaranteed because of external factors Life is a Risk its either you sink or Swim the choice is yours
Comment from : Sego ACC

I think crypto value is associated with work In fact, to obtain new bitcoins (for example), you need to "mine them" There is computer power (energy) and human time devoted to the validation of transactions in the blockchain (literally called "proof of work") and for that work you obtain new bitcoin That being said, I don´t think value comes from work Value is absolutely subjective
Comment from : The Economy Guardian

THAT HOW THE SCAM BUSINESS
Comment from : Ijeoma Ihebinandu

Decentralized means un regulated? Moron alert!
Comment from : KT

The country of El Salvador purchased 85,000,000 in bitcoin (later they bought more BTC) and almost immediately, the price of bitcoin dropped to half of its value, causing El Salvador's investment to be worth around half of its original value The price or value of bitcoin is unbelievably erratic As of July 2023 and according to Bloomberg, El Salvador's investment in bitcoin was 1082 million USD and is now worth 766 million For the little guy this means that if you were holding $108 USD worth of bitcoin, in a matter of weeks or months your money is now worth $76 Good luck paying bills, buying food, fuel or clothing
Comment from : R P

Here's the thing how do we base it's value? It's how many DOLLARS can I get for 1 not because it's valuable but because it is not real Everyone just wants their pump and dump plan to succeed so they can exchange it back to dollars before it all goes downhill
Comment from : alpham777

Nice to see use of good old Schoolhouse Rock vids even if it's the later episodes about financial stuff
Comment from : John Hutchinson

There is exactly one real reason for crypto's existence and value as a currency:brIt is really useful for illegal and criminal exchanges wont somebody think of the poor outlaws?
Comment from : The Tomac

This will age poorly
Comment from : Nice2347

bi'm glad I got into crypto when I did because it’s been a turning point for me financially,been my best decision so far/b
Comment from : Ricardo Murdryk

Have fun staying poor brooh wait
Comment from : Patrick

So some people are afraid that real money gets possibly influenced by an unstable government which causes the currency value to drop but trust crypto currency that can be influenced by Elon Musk?!brGosh people are so freaking stoopid
Comment from : DerNutellaBoy

ywnbrm you will never be a real money
Comment from : 🦋Venus🎀

this video is a disservice to knowledge
Comment from : di N

One of the biggest scams in the last 100 years
Comment from : Kirishima

I wonder how many of the pro crypto "people" people are bots or just in it for profit
Comment from : Object

so much stupidity in 9 minutes Congratulations, it's amazing
Comment from : Masias Ngema

A lot of misinformation I would like to know what you think today that the US is going bankrupt because of its broken and unsustainable system the year is 2023
Comment from : Tarso Bortoluzzi

it had utility as a way to give to anti-state groups that aided targeted peoples in authoritarian countries without fear of tracking, but that was before it became so volatile and was still mainly p2p/off exchange Sucks that it turned into what it did
Comment from : Appalachia Brauchfrau

Crypto will always have a reason to exist because there is already a massive market that uses it for trade
Comment from : marksmanmerc1

What about stablecoins? Their price doesn’t fluctuate and they aren’t speculative
Comment from : Breath Of Fire

What if its analogue decentralised?
Comment from : John

The us dollar is wortless because it's not backed by gold Newsflash gold is also worthless lmao
Comment from : Akalion

Well summarised
Comment from : TempusFrangit

you didnt bring up the most important point, their transaction processing limit you suck if you dont have the vocaburary or knowledge to really criticize it, just dont make a video
Comment from : rhmd rhmd

The more YouTube personality’s with paid corporate sponsors come out against crypto the more I become certain of its future value They fear us We are coming for the old guard
Comment from : Sir Galahad

wooooooow you are wrong!!!!!!!brbriso20022
Comment from : Great Lakes Corporate Zone Leader: CeNsOrED

So follow what the big places buy, and sell when they promote it Got it
Comment from : Theo Therccount

have fun staying poor
Comment from : traurigerpepe

Here in 2023 after the celcius, FTX, and the logan paul nft scams were exposed
Comment from : Bruteforce Dj

this video is hot trash for knowledge, i suggest anyone who watches this do more research
Comment from : ericsmith313

government backed STABLE currency you know the dxy moves right?
Comment from : ericsmith313

funny when u talk about doge, the inflation, but you dont correlate that with fiat? wtf,, and no im not for doge, doge is trash but you cant say that about doge, and be like yea fiat because war ships back the doller, like wtf?
Comment from : ericsmith313

so much misinformation in this video smh
Comment from : ericsmith313

bitcoin will never be money government money has no value just wait this wont live well in time
Comment from : ericsmith313

Think about how much electricity it takes for one bitcoin The replace the worlds supply of currency with bitcoin The massive amounts of electricity that would take is mind boggling
Comment from : Red Sable

work value isnt based on time nor effort the market stipulates how valuable your work is, regardless of how much time or effort you put in it but thats capitalism, i guess
Comment from : afastademimessecálice

Oh my God! The end of civilization? REALLY?! That's the final argument for crypto currencies? 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️All these fvcking idiots think the world is going to end and they're just going to be ordering meal kits and polymer for their 3D printers, delivered straight from amazon to their tree houses via drone air drop🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪🤪
Comment from : afro80y

Money is money because government requires you to pay in the corresponding fiat currency
Comment from : Raül Beienheimer

Hardfork bitcoin
Comment from : thepinkfish_

It's almost dystopian how the cryptobros can both believe their new shiny currency will replace the old currencies and usher in a new age while also simultaneously only supporting new currencies because they want to convert them to old currencies and get rich
Comment from : Shiny Dewott

I feel like it could maybe one day be a real money the problem is everyone who cares about it uses it as a stock and not actual money
Comment from : Matt

If someone made 100,000 of crypto it likely means a 100 other people lost 1000
Comment from : Alphoric

this guy is holding fiat as it declines in value every day
Comment from : ZAVEN & LIL GAV

This video is a bit old and at that time I used to think absoultely same like this but today things are in differect perspective br1 Institutions like blackrock and fidelity have filed for Bitcoin spot ETFs to allow their cutomers to invest in bitcoinbr2 BTC price took off when banks collapsed in March 2023 br3 JP Morgan have developed its own private blockcahin (crypto's underlying technology) for private money settlementsbr4 Nike, Reddit, Warner Bros, Starbucks , Adiddas, Gucci, LVMH and many more have started using NFTs for cutomer loyalty programsbr5 EU have introduced crypto regulations in 2023 and FSB also issued regulatory framework brbrBitcoin isn't a currency to transact in daily life, it's a store of value like gold with scarcity and increasing demandbrEthereum is programmable decentralized development blockchain offering defi, NFTs together with polygon scalabilitybrCrypto(BTC and ETH) offers blockchain technology not real money brbrNote: Everything other than Bitcoin and Ethereum is absolute garbage with no value and usecase outside of price speculation And these will be removed slowly by SEC
Comment from : Quester

About a year later and this did not age well
Comment from : Non, merci!

Finally the First person who says crypto isn’t the future and that you need to to say alive
Comment from : The_Duke_Of_Ships

Bitcoin will become the future when it stabilizes and it will stabilize when it stabilizes see the paradox?
Comment from : Vigilante

How many of you have filed for bankruptcy? Lol
Comment from : Rose

Not even "real money" is real BTW, crypto isn't actually money but DIGITAL ASSETS!
Comment from : Lord Khal

The line goes up😮
Comment from : Sahar Leene

2:37 Cincinnati Ohio
Comment from : simon gonzalez

bBTC rising from $26,000 per coin to $30,000 in less than a week This is the opportunity brought by the entry of institutions, which also shows that many institutions have actively participated from the initial disapproval to the present The market has received widespread attention, and we should grasp this market/b
Comment from : Lia Fuentes

In that case who said that that yellow rock called gold has any real value? Monetary Value is supposed to be an agreed upon decision of the masses for a medium of exchange Crypto puts that power in the hands of the masses instead of in the hands of a few powerful neo-aristocat bankers and it is a universal medium Welcome to the future!
Comment from : Ingo Ngoyama

crypto and bitcoin is a scam, stay away from it
Comment from : blac21ack

Even if you're oblivious to the debasement of the US dollar, surely the idea of a currency with a fixed supply (21 million BTC in the case of Bitcoin) isn't lost on you It should be sobering enough to contemplate that $US1 in 1973 would have bough you the equivalent of $US685 today If you still choose to store your "wealth" in that currency, good luck to you
Comment from : G-Force Car Reviews

It's already real money in a number of countriesthis video didn't age well Showing the dollar and saying "stable currency" made me LOL Since most people don't use much cash an electrical blackout would be equally destructive/disruptive to that "stable currency"
Comment from : Floris de Vries

The adoption of any new technology it went as slow as crypto is going Untill it will explode in your facebrbrIt doesnt have to complete substitute fiat money anyway
Comment from : Chico Primitivo