Comments by "Tony Wilson" (@tonywilson4713) on "Caller is Sick of Anti-Cryptocurrency Progressives" video.

  1. Go back to David's interview with Yanis Varoufakis who said crypto's a solution to a problem that doesn't exist. He also called the pro-crypto people dangerously ignorant and explained why. Prof Mark Blyth had a great answer to a Bitcoin question. He said its a joke if you think its money. For money to be money its got to be 3 things - a unit of account, a unit of exchange and a way to store value. Its just too volatile to be any of those things. He said the Chinese central bank had the best description its "digital gambling asset". Mark Blyth also pointed out that the printing of money is one of the cornerstones of state power. He said if you threaten that you get a Cersei Lannister solution. Crypto has all the hall marks of a techno fad with a lot of fanbots claiming it to be the savior of humanity or next great thing. It has adherents who know nothing about even basic economics. Its just another over hyped technology and they are buying into the fad. What everybody forgets is that, because its a finite system for every winner on Bitcoin there's a loser who had paid for that win. Its just like the advertising for casino's and gambling - they never talk about the losers who pay for other people to win. NONE of the pro-crypto people talk about those people who have lost at crypto let alone those who have lost everything.
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