Comments by "DynamicWorlds" (@dynamicworlds1) on "Reformed 'Dogecoin' Creator Slams Cryptocurrency" video.

@wayneshilcock3027 Musk alone pretty openly engaged in market manipulation for this currency in question, so you're obviously wrong.
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@rishabhanand4973 exept you get no voting rights or dividends, only making money when others are buying in at a higher price than you did and you cash out and they either make money on other rubes or loose money themselves. That makes it a pyramid/ponzi scheme.
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@Mike-mc3sh catching yourself in your phone screen there Dore fan?
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Crypto isn't money but a ponzi/pyramid scheme. Those that buy in only make a profit when others do after them. It only doesn't collapse because people were taught mythology instead of history economics class. Money is a quantized, transferable debt relation that gets a stable exchange value from the universal demand created by the government accepting it as payment for taxes, by which those who work outside the market economy (who make your civilization possible) get compensated for their labor. Crypto is "hey, I wasted energy and expensive and environmentally costly computer parts making the digital equivalent of mud pies. Pay me for them and you'll probably be able to sell them at a higher price to rubes that buy in after you." For further understanding of what money actually is, please see Debt: the First 5000 Years by David Graber (rip) There's even a free audiobook of it right here on YouTube.
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@ItsOgre yup, the illusion must be maintained for the ponzi scheme to continue
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@conorredmond6217 the tech is irrelevant. You could make them out of unicorns and pixie dust and it wouldn't change the economics of it.
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Yup, crypto isn't money but a ponzi/pyramid scheme. Those that buy in only make a profit when others do after them. It only doesn't collapse because people were taught mythology instead of history economics class. Money is a quantized, transferable debt relation that gets a stable exchange value from the universal demand created by the government accepting it as payment for taxes, by which those who work outside the market economy (who make your civilization possible) get compensated for their labor. Crypto is "hey, I wasted energy and expensive and environmentally costly computer parts making the digital equivalent of mud pies. Pay me for them and you'll probably be able to sell them at a higher price to rubes that buy in after you." For further understanding of what money actually is, please see Debt: the First 5000 Years by David Graber (rip) There's even a free audiobook of it right here on YouTube.
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@Mike-mc3sh _said everyone defending the MLM they're a part of. Sorry buddy, I understand it way better than you.
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@mikecurry6847 nope, stocks in giving dividends and voting rights fall outside the definition
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@justdontbeadick4096 cryptocurrencies do the opposite of empower 3rd world countries. Even global currencies (as close as we've gotten to them) tend to be bad for poorer and weaker countries whether we're talking about the gold standard, the dollar being a global reserve currency, or even regionally with how the Euro has worked out for countries like Greece. Especially 3rd world nations need soverign control over their currecy to spend it into existance to pay those who work outside the market economy to do things like build infrastructure and create exchange value for said currency by creating demand via taxes. Crypto is terrible for both. Please look up David Graber's Debt the First 5000 Years to start to unlearn some of the myths you were taught in econ class.
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@leopheard nope, my issues with the stock market aside, stocks in giving dividends and/or voting rights do not fall into that definition. Please learn what words mean before arguing with people about their usage.
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@GolemRising it's just posturing. The core of his argument (if I'm being very generous and not asigning mal intent) really comes down to "but the tech is cool"
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Crypto isn't money but a ponzi/pyramid scheme. Those that buy in only make a profit when others do after them. It only doesn't collapse because people were taught mythology instead of history economics class. Money is a quantized, transferable debt relation that gets a stable exchange value from the universal demand created by the government accepting it as payment for taxes, by which those who work outside the market economy (who make your civilization possible) get compensated for their labor. Crypto is "hey, I wasted energy and expensive and environmentally costly computer parts making the digital equivalent of mud pies. Pay me for them and you'll probably be able to sell them at a higher price to rubes that buy in after you." For further understanding of what money actually is, please see Debt: the First 5000 Years by David Graber (rip) There's even a free audiobook of it right here on YouTube.
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Crypto isn't money but a ponzi/pyramid scheme. Those that buy in only make a profit when others do after them. It only doesn't collapse because people were taught mythology instead of history economics class. Money is a quantized, transferable debt relation that gets a stable exchange value from the universal demand created by the government accepting it as payment for taxes, by which those who work outside the market economy (who make your civilization possible) get compensated for their labor. Crypto is "hey, I wasted energy and expensive and environmentally costly computer parts making the digital equivalent of mud pies. Pay me for them and you'll probably be able to sell them at a higher price to rubes that buy in after you." For further understanding of what money actually is, please see Debt: the First 5000 Years by David Graber (rip) There's even a free audiobook of it right here on YouTube.
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@mikecurry6847 idk if it's most, but if they don't offer either, they should also be banned. Same with NFTs while we're at it. I've no patience for any of this BS.
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Crypto isn't money but a ponzi/pyramid scheme. Those that buy in only make a profit when others do after them. It only doesn't collapse because people were taught mythology instead of history economics class. Money is a quantized, transferable debt relation that gets a stable exchange value from the universal demand created by the government accepting it as payment for taxes, by which those who work outside the market economy (who make your civilization possible) get compensated for their labor. Crypto is "hey, I wasted energy and expensive and environmentally costly computer parts making the digital equivalent of mud pies. Pay me for them and you'll probably be able to sell them at a higher price to rubes that buy in after you." For further understanding of what money actually is, please see Debt: the First 5000 Years by David Graber (rip) There's even a free audiobook of it right here on YouTube.
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