Comments by "Matthew Nirenberg" (@matthewnirenberg) on "Saifedean Ammous: Why You Should DUMP the Dollar Now" video.

The only reason they tolerated crypto was so that the 99% could write crypto with all the features a CBDC requires. Then the govt simply forks the code and voila - CBDC! The 99% think they're being smart when they're actually creating their own digital dystopia / digital prison. This is why privacy coins are hated and being banned - because they're actually anonymous (when used properly) and don't have "features" such as geofencing, balance editing by a central controller (to take or create money), they're not programmable and can't be just "turned off" like normal crypto can.
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@shredz4816 Govts already control those miners - i.e. they control it entirely and can rig the system as they control the majority of consensus. How do you think they're gonna bring about CBDC? By destroying crypto as it currently exists. The reality is no one should have ever been allowed to create mining farms or use ASIC's for crypto mining as that's exactly how the situation came about. If crypto worked as intended (everyone has one personal computer that mines and the more you try to mine (with more compute capability), the harder it becomes for you) the consensus could never be controlled. For crypto to work, only genuine individuals using one machine each should be allowed to mine.
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@Chaka2479 Yeah, you keep telling yourself that. When the internet or power goes out your crypto vanishes, especially if the blockchain is deleted / banned at the ISP or core internet level. As govts control the majority of mining, they can double spend as they control the consensus. Bullion is bullion, it either exists or it doesn't, and it doesn't need power, ledgers or consensus. Crypto is no different to all the fools who think they "own" bullion because they have a certificate that says so; that certificate has nothing but a "promise" backing it. If you don't physically possess it and can't touch it, you don't own it!
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@somejohndoe3004 Bullion (gold, silver, platinum, etc.) isn't meant to work like that. Its how you preserve wealth and do actual trade/barter. If you want big returns, you learn to trade the markets shorting and longing stuff in order to get rich, whilst the 99% lose everything.
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@nomadcapitalist Except that many people can't legally enter Malaysia for a multitude of reasons including their employment, their business dealings, their citizenship, etc. Sure these are known restrictions however it should be considered to host the event in a more open country such as Singapore, Vanuatu, French Polynesia (Tahiti), St. Kitts & Nevis, St. Barts, Monserrat, etc. as its been held in the same place for several years.
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