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Günter Zöchbauer
Patrick Boyle
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Comments by "Günter Zöchbauer" (@GunterZochbauer) on "" video.
Printing money isn't even from thin air. It's at the cost of those holding previously printed money (inflation)
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It can also go to zero any day.
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and it will. The only remaining questions are when it will happen and how to best prepare.
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The combination with the AI bubble seems to be an attempt to send us back into the dark ages
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@bamsenification The whole world is running on fiat for centuries and it working great. Everything with people involved is flawed. So it's no surprise it's not perfect. Crypto is a flaw for the most flawed people. So I'd say there are a few magnitudes difference.
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@CG-uy6nk better naive than broke
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@evanwheeler7687 There are some big enough to cause the crash and they will be the only ones making a ton of money when they do.
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But what if someone slips and forgets the "not"? 😬
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When one such company goes bust so that the crypto price goes notably down the whole house of cards will crumple.
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The combination with the AI bubble is for maximum effect 🎆
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So many people are dreaming that one day they will win the lottery instead of making most of what they already have.
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... until they go flat
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@Eloign That connection is completely made up. Money printing is only a hidden tax. There is not much more to it. BTC is a Ponzi scheme that runs on people's fear of being ripped off by the government.
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@ethannissani7062 Once the market reaches a certain saturation and there are not enough bigger fools anymore, the worst constructs (like the ones mentioned in this video) will start cracking and the rest will fall like dominos.
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He gets it, don't worry. The surprising thing is that people think they get it, because they saw some numbers on a website go up, completely oblivious that these numbers can get to zero at any time.
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@Fanta.... I just hope it's still seen as decentralized when it implodes. What I fear most is that tax money will be spent to limit the damage.
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All you describe with your nonsense words is just distraction from the simple fact that it's a Ponzi scheme.
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It's not even tulips and it still crashed. The main lesson will be that obviously occasional crashes just can't be avoided🤷♂️
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It's not operable at all. The artificial disconnection from central figures is only to distract from that.
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Musk is on it but he will only serve customers on Mars
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