Bitcoin can't be killed | Niall Ferguson and Lex Fridman

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Lex Clips

Lex Clips

Күн бұрын

Пікірлер: 388
@Primal_Primat3
@Primal_Primat3 3 жыл бұрын
Yeah lets get rid of BTC and start using the "elite" or "government" backed crypto, that sounds like a great idea, sign me right up. What could go wrong? /s
@uniquegod1997
@uniquegod1997 3 жыл бұрын
no need for an s there buddy, anyone who cant get this without is a kid
@anon7891
@anon7891 3 жыл бұрын
Imagine the dystopia that would be if our financial systems ran on the blockchain. You would be able to see your neighbor buying hentai, your friend's parents million dolllars in debt, every transaction would be public for the world, your friends, and family to see
@Primal_Primat3
@Primal_Primat3 3 жыл бұрын
@@anon7891 Yeah, transparency is a hell of a thing when you have shit to hide lol .
@anon7891
@anon7891 3 жыл бұрын
@@Primal_Primat3 Forget hiding anything, don't you want privacy?
@teardropsonmyfallen
@teardropsonmyfallen 3 жыл бұрын
If there's anything I've learned from watching movies and playing video games, is that when the world goes to shit the only currency worth having is cigarettes. There I said it. Stock up everyone. Marlboro light will be worth millions when the bombs start dropping
@trevorhiggins79
@trevorhiggins79 3 жыл бұрын
Facts
@kimobush2287
@kimobush2287 3 жыл бұрын
It's gold and silver, cigarettes are in jail
@ayrtonla2
@ayrtonla2 3 жыл бұрын
I’d give up my cigarrettes for one of those salt nicotine vapes the kids are raging about
@tomjohn5532
@tomjohn5532 7 ай бұрын
In the uk of youd bought n held tobacco n cigarettes n alcohol 5/10 years ago you would be saving yourself a fortune in current prices after recent taxes n inflation
@macmaniac3080
@macmaniac3080 7 ай бұрын
Bottle caps
@TheTunnelVizion
@TheTunnelVizion 3 жыл бұрын
1) Fiat makes war cheap. 2) Cryptocurrencies are popular in South America, because the United States doesn't control it's distribution or supply.
@edawg654
@edawg654 3 жыл бұрын
Let me tell you a secret my friend to save you a lot of time and money. “Crypto” in general are controlled by small groups of developers, backers, early investors unless they are truly decentralized. Just cause you have a blockchain doesn’t make you decentralized, got it?? So there is only one decentralized blockchain. It is Bitcoin, and it is a competition to be MONEY not some fast payment system.
@bobsondugnutt7526
@bobsondugnutt7526 3 жыл бұрын
Inflation in Argentina is over 50% for the year so far. Yeah they have to figure something out.
@ilikeshroomgals
@ilikeshroomgals 2 жыл бұрын
US Gov got a ton of BTC.
@b00m3rh4nd_sol
@b00m3rh4nd_sol 3 жыл бұрын
Chancellor on brink of second bailout for banks :D
@only_visiting
@only_visiting 3 жыл бұрын
Well said. The message embedded into the first block says it all!
@johnhauber6458
@johnhauber6458 3 жыл бұрын
Yes, but to be fair to Ferguson, the white paper was written quite a while before that first block
@only_visiting
@only_visiting 3 жыл бұрын
@@johnhauber6458 Agreed. Fair point. Satoshi had to have been working on Bitcoin during the 2008 crisis and the first round of bank bailouts, so IMO I think it's reasonable to conclude it would have been at least been on his mind to some level.
@jadepenn7407
@jadepenn7407 3 жыл бұрын
My thoughts after 50 seconds in too. Glad to see it mentioned. If you create an alternate system that is better it doesn’t take a giga brain to realise game theory suggests potential debasement if previous system as everyone runs to the exit hatch.
@hershbatkin
@hershbatkin 3 жыл бұрын
Does he not know? WTF
@brian8560
@brian8560 3 жыл бұрын
Nialls first sentence in this clip are evidence of his lack of knowledge in this area
@edawg654
@edawg654 3 жыл бұрын
The dude called Ethereum the grater innovation and then throws around the term “smart contracts” as if they are actually a proven thing.
@joshuapagano
@joshuapagano 3 жыл бұрын
My thoughts exactly... Knows nothing of Satoshis vision.
@lawrencelb349
@lawrencelb349 3 жыл бұрын
Wasn't he aware that the Taproot upgrade was being implemented the same week as this interview?
@zSnipebot
@zSnipebot 3 жыл бұрын
@@edawg654 do smart contracts not exist?
@edawg654
@edawg654 3 жыл бұрын
@@zSnipebot looks to Andreas Antenopolous, the term smart contracts is mostly a marketing scam. There is nothing smart nor really contractual about these blind, dumb bits of code. Aside from simple locks and unlocks of fees, based on time, the concept of smart contracts as generally used is flawed for a number of reasons: 1) the Oracle problem - not solved and a huge weakness 2) complexity of human interactions cannot be comprehensively coded 3) a blockchain does not enforce contracts in the real world - nor would we want them to The best use case of so called smart contracts is the lightning network, but these are not smart contracts in that they are only simple lock and unlock based contracts, they are not “smart”. Dao hacks, Ethereum smart contracts hve little to no use cases except for facilitating casino like gambling. They also suffer from bugs.
@joshuapagano
@joshuapagano 3 жыл бұрын
"The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." Satoshi Nakamoto This guy knows nothing of Satoshis vision.
@primalentity9824
@primalentity9824 3 жыл бұрын
Right? and his accent is annoying
@scottwhite8960
@scottwhite8960 3 жыл бұрын
This guys combination of knowledge and ignorance is kinda baffling
@primalentity9824
@primalentity9824 3 жыл бұрын
@@scottwhite8960 lol exactly! I said the same thing almost word for word on a Michael Saylor bitcoin video the other day. It is so hard to listen to people who filter everything they say in order to always sound smart. ESPECIALLY with an english accent. combine the two and it'll make me throw up a little bit. Unless its david attenborough or the british top gear guys.
@xouat
@xouat 3 жыл бұрын
“As long as we pay our taxes” is the crux of the matter, both economically, politically, morally and technically.
@justincase4812
@justincase4812 3 жыл бұрын
From which perspective, government or people?
@xouat
@xouat 3 жыл бұрын
@@justincase4812 Any.
@newagain9964
@newagain9964 3 жыл бұрын
Most do not pay taxes. Wealth is stolen from us...or else!
@bogdangorbatyuk3330
@bogdangorbatyuk3330 3 жыл бұрын
Such a professional and poetic speaker!
@d7r_tv
@d7r_tv 3 жыл бұрын
LOL Genesis block (0) LITERALLY has message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" and this guy says Satoshi didn't think there would be inflation. 😆 Niall's NGMI
@scottwhite8960
@scottwhite8960 3 жыл бұрын
How could he not know that
@Eonwe
@Eonwe 3 жыл бұрын
Niall’s dishonest in this and other points; how could be bring up Gary Gensler’s comments on what a security is without mentioning that Gensler has drawn a distinction between bitcoin and all others? And that other crypto currencies include trusted third parties in a way that is not the case with bitcoin.
@HiddenTruth346
@HiddenTruth346 3 жыл бұрын
The random Hodler tends to know more than the so called "Experts" about Bitcoin...
@mvmlego1212
@mvmlego1212 3 жыл бұрын
Having a grudge against banks isn't quite the same thing as being concerned about inflation.
@illicitink6749
@illicitink6749 3 жыл бұрын
This cant be cancelled or killed , government "hold my beer"
@nymetsfan912
@nymetsfan912 3 жыл бұрын
Government must be drinking moonshine not beer these days.
@jarrodgeikie870
@jarrodgeikie870 3 жыл бұрын
The problem with that is if a government does go down that road there is still the rest of world using crypto... and continuing to reap the booming rewards off it.. so that country will be left behind economically as the rest of the world moves ahead.. it could only work if say all the G7 plus a few others got together and banned it.. and going by how long international diplomacy and agreements take it will be years before they can all get on the same page... and by then i think it'll be so entrenched in mainstream society they won't be able to do it... that's my take on it anyway but who knows?
@bahmak2003
@bahmak2003 8 ай бұрын
Did the government ban bitcoin?😂😂😂😂
@frankcafarella3400
@frankcafarella3400 3 жыл бұрын
You should have Niall on every few months. He's the GOAT.
@j0hannes5
@j0hannes5 3 жыл бұрын
looking forward to the whole episode.
@teddybearroosevelt1847
@teddybearroosevelt1847 3 жыл бұрын
@Hurty18 I’m also looking forward to your comment once you’ve watched this clip
@Marty_Au79
@Marty_Au79 3 жыл бұрын
No mention of Layer 2, No Country/State adoption, No pristine collateralization of property, insurance, or debts 🤔👍If you're not continuously learning about it your pontifications are utterly useless.
@gwills9337
@gwills9337 3 жыл бұрын
He doesn't know the history or nuance but gets the macro environment
@Bond58
@Bond58 3 жыл бұрын
These guys make me feel like an idiot At least I know I'm watching the right videos
@Bond58
@Bond58 3 жыл бұрын
@@danrayson Small w̶o̶r̶l̶d̶ internet. Remind me where we met?
@davidallanmusic
@davidallanmusic 3 жыл бұрын
Niall is talking out his ass so don't feel bad.
@jacobl7451
@jacobl7451 3 жыл бұрын
meh, there are better episodes
@briangu1046
@briangu1046 3 жыл бұрын
If you think Bitcoin is digital gold solely because it has a finite supply of 21 million, then you don't understand cryptocurrency and the layers of decentralization that protect the consensus rules of Bitcoin. The rules of Ethereum are immutable until the next dev meeting decides it's time to hard fork again. Every other cryptocurrency is a wolf in sheep's clothing: decentralized in name only. When Ethereum implemented EIP 1559, how is that any different from a central bank deciding what the monetary issuance is? The answer is that it's not. Even if Ethereum eventually becomes deflationary, it will never be able to call itself digital gold because the culture of the Ethereum network is and has been deferential to the developers.
@MattyMooreChannel
@MattyMooreChannel 3 жыл бұрын
Thank you Lex and Niall. Shared!
@BrianKehm
@BrianKehm 3 жыл бұрын
“I’m on the side of humor but it is a dangerous activity these days.”
@muslimminarchist7026
@muslimminarchist7026 3 жыл бұрын
If you know the FIAT system then you know "a wave of inflation is always coming". I am pretty sure Satoshi knew that all FIAT eventually goes to zero.
@stantheoneandonly
@stantheoneandonly 3 жыл бұрын
On an unrelated note, Comcast just had a national outage...
@nocollarcrypto8851
@nocollarcrypto8851 3 жыл бұрын
This guy is a cartoon character. Ethereum is an insider oligarchy. Bitcoin IS digital scarcity. It cant be invented twice. Everything ETH does, bitcoin will do it better on layers 2 and 3.
@lawrencelb349
@lawrencelb349 3 жыл бұрын
Taproot upgrade!
@1301cb
@1301cb 3 жыл бұрын
He must be an adviser to the Brandon admin. HFSP listening to his views on Bitcoin.
@JonathanPoland
@JonathanPoland 3 жыл бұрын
The world doesn't need digital currencies unless it also decides it doesn't need sovereign governments. Bitcoin doesn't have to be the only "digital currency" (misnomer) and in fact the higher the price goes the worse it is for the world as a whole.
@gwills9337
@gwills9337 3 жыл бұрын
No, Boomer. Sit down and be quiet until you know better
@StephenPaulKing
@StephenPaulKing 3 жыл бұрын
When there is a Loan and Mortgage system for BC, then and only then will Crypto replace banking. There will never be a time when credit and loans are not needed.
@wolfgangandrewx2416
@wolfgangandrewx2416 3 жыл бұрын
already exists
@jarrodgeikie870
@jarrodgeikie870 3 жыл бұрын
Dude.. there's already a lot of players doing this in the space..i'm not sure even banks know how close they are to becoming obsolete... maybe they do.. but they have to put a lot of energy into running good businesses and it doesn't leave a lot of resources for trying to understand and combat the rising disruption tsunami of crypto... anyways guess we'll see
@jacktinney
@jacktinney 3 жыл бұрын
Chancellor on the brink of second bailout for banks
@baflabies
@baflabies 3 жыл бұрын
everytime somone talk abut BTC on this channel. It goes up :)
@Mert-pd2ht
@Mert-pd2ht 3 жыл бұрын
Niall king of eye contact
@theme.sum72
@theme.sum72 9 ай бұрын
Hmmm. I am not sure you can rightfully say that Satoshi didn't create BTC for fear of breakdown of fiat currencies. The Hash in the Genesis Block clearly refers to a headline that gives a clear indication of intent, asides a timestamp.
@senjuchidori9448
@senjuchidori9448 3 жыл бұрын
dont get fooled the meta vers is an alternate alias of Fed Coin which is equal to Central bnk digital currency
@jichaelmorgan3796
@jichaelmorgan3796 3 жыл бұрын
Is there any way to introduce artificial contraints in order to reduce energy used by proof of work?
@JosefJochemPodcast
@JosefJochemPodcast 3 жыл бұрын
No. And that’s a good thing. The inability to manipulate money is a great use of stranded or otherwise wasted energy. When no one can manipulate money to get more of it people have to actually work and provide real value to get money. I would argue the large use of energy in proof of work is indeed incredibly effective at incentivizing humans to do real work for each other instead of manipulating currency. I sincerely hope we use more energy in mining bitcoin in the future.
@Chocobollz
@Chocobollz 3 жыл бұрын
I wish there is a way to make those PoW into something that's useful, for example maybe instead of calculating hashes, we can instead solve protein folding, like Folding@Home. That way the work is not completely useless.
@NickZimmermann
@NickZimmermann 3 жыл бұрын
No mention on power consumption? It's like building a ship in the desert ignoring that there is no water.
@bahmak2003
@bahmak2003 8 ай бұрын
Bitcoin mining doesn’t waste energy, it exploits wasted energy! Bitcoin solves the problem of electricity grid stability.
@georgegale6084
@georgegale6084 3 жыл бұрын
Lex, you are a Leader……of the Thought Leaders.
@beppeadr
@beppeadr 3 жыл бұрын
Bitcoin will kill not the opposite. 1 BTC = 1 Kg Gold = checkmate
@seanc06791
@seanc06791 3 жыл бұрын
1 btc = 1 btc
@beppeadr
@beppeadr 3 жыл бұрын
@@seanc06791 need time for that, firstly you need a fixed asset comparison
@LESN16
@LESN16 3 жыл бұрын
1 btc = 1 btc
@PhysicsNative
@PhysicsNative 3 жыл бұрын
Bitcoin and Ethereum will take a dive when the equity markets crash, since relatively “uncorrelated” positions are used for margin calls. The same is true for paper gold. Quantum cryptography will decide the next money regime.
@justincase4812
@justincase4812 3 жыл бұрын
Total BS, market crash will cause a shift to a more robust store of value. That is Bitcoin. Quantum cryptography is simply a fancy word salad until it's put into practice if ever.
@alexleung842
@alexleung842 3 жыл бұрын
Anyone who says that last sentence doesn't understand quantum mechanics nor do they understand cryptography.
@mrblakwolf1
@mrblakwolf1 3 жыл бұрын
Bit coin is great and all. But if you have no network you have no coin. History has taught us over the ages. that networks come and go.
@bahmak2003
@bahmak2003 8 ай бұрын
Did the internet come and go? 😂😂😂
@jumpnit3121
@jumpnit3121 3 жыл бұрын
ok I dont understand the Bitcoin is finite "feature" that seems to be a selling point because not selling bitcoins as wholes effectively increased the number a 1000 fold. As an example if there where only 100 bitcoin but the lowest amount you can trade is a 1/100th of a coin then you really have 10,000 tradable units not 100. Isnt the ability to fragment the coin make it not finite?
@pootieputin2771
@pootieputin2771 3 жыл бұрын
Bitcoina are divisible down to the Satoshi level...there are 100 million Satoshis per a single Bitcoin.
@dilsonlucaspereira8947
@dilsonlucaspereira8947 3 жыл бұрын
fragmenting cannot decrease the value of the coins. For example, suppose persons A and B have 1 coin each. Each of them has half of the total supply. If these coins are fragmented, each of them would still have half of the supply. If a new coin was generated for person C, then A and B would now have only 1/3 of the total supply, so in practice this would devalue their coins.
@KJBtheMosFett
@KJBtheMosFett 3 жыл бұрын
At some point, no new bitcoins will be prodcued. Thus, the ammount of Bitcoin is finite. The ability to divide into subunits... I see as more a question of discrete vs continuous /smoothness.
@jumpnit3121
@jumpnit3121 3 жыл бұрын
@@dilsonlucaspereira8947 O ok because the increase comes from within the system and not external, the total percentage of ownership doesnt change with increasing the subunits inside that system. Ok it is making sense now thanks for taking the time.
@thedesertdweller
@thedesertdweller 3 жыл бұрын
It's hilarious that people think Bitcoins bug, it's finite nature, is actually a feature. Anything finite such as gold could never function as a usable currency foundation for a planet with exponential human growth unless the goal is for 1% of the population to eventually accumulate the majority of coins, thus leaving the masses with either an extremely unstable inflated currency of crumbs to fight over or just the end of anything resembling a modern functional economic system. Modern money is a unit to exchange between real economic activity and as such needs to be extremely liquid and abundant so that everyone can participate and live a good life. It's makes no difference and doesn't cause inflation if the fed allows banks to print more and traders use to trade with each other as long as regulation keep a firewall between speculators and items deemed necessary for the broader economy, real things we all need. The idea that the finite nature is a feature is ignorance which is why we got off the gold standard in the 1st place, something right wingers and Libertarians have been objecting to ever since because it took the control of the economy from moralists and the greedy, kings and queens, away and turned modern economics into a mathematical problem divorced from social control.... whereas with a finite currency, the control of the economy rests in the hands and idelogy of the minority who eventually will buy it all up and use it to control you via setting the rules under which they release enough to you to buy food, housing, etc.
@keithrnchandler
@keithrnchandler 3 жыл бұрын
Isn't the vast majority of BTC owned by only but so many people? IF that is in fact true, then how is it decentralized and how is that better?
@bahmak2003
@bahmak2003 8 ай бұрын
Lol it’s decentralised in a point that even if you have majority of the coins you can’t influence consensus of a distributed system. It happened during the bitcoin civil war where big exchanges and whales lost on that war!
@defaultdamager7639
@defaultdamager7639 3 жыл бұрын
It can if the Internet is killed, watch this space.
@khale5357
@khale5357 3 жыл бұрын
The Metaverse will have extra and intranets to avoid this.
@JosefJochemPodcast
@JosefJochemPodcast 3 жыл бұрын
Even if the internet is shutdown temporarily the valuable thing with bitcoin is the ledger itself. To destroy it you’d have to either shut down the internet forever or destroy every copy of the ledger in existence. With each passing day the probability of either of those things happening is going down.
@defwishfx4400
@defwishfx4400 3 жыл бұрын
My bed can't be killed either. Not because it is so amazing - it is simply not alive. (Some bed bugs in it might be but not the bed itself)
@NickUnanderBJJ
@NickUnanderBJJ 3 жыл бұрын
If there is a world war financial status will not matter what will matter is food water and shelter and being able to understand nature deeply so that you can survive through its abundance.
@ivantuma7969
@ivantuma7969 7 ай бұрын
Despite some gaps in his knowledge - _you can't know everything about everything_ . Niall always makes me think he's one the MI6 characters in a Bond movie.
@mrblakwolf1
@mrblakwolf1 3 жыл бұрын
One thing not to forget. When the infrastructure fails. And you have no internet. You have nothing. Yes I am nuts.
@luciusgorgo14
@luciusgorgo14 3 жыл бұрын
Devs have too much power, the exchanges are a weak link, and hackers are a huge problem.
@twoforty252
@twoforty252 3 жыл бұрын
If they seek to regulate data they will have to regulate all data
@manmorg
@manmorg 3 жыл бұрын
15:42 neither, you'd want guns, food and shelter.
@joseiraivegabaez4959
@joseiraivegabaez4959 3 жыл бұрын
Wow this guy has some knowledge!🙌
@edawg654
@edawg654 3 жыл бұрын
This guy just has a posh voice and doesn’t know shit about Bitcoin.
@gammal586
@gammal586 3 жыл бұрын
@@edawg654 Well as soon as anyone discusses crypto currencies in any way the enthusiasts don't 100% agree on the answer is always "xx doesn't understand xxxcoin" and then nothing. That says more than anything
@edawg654
@edawg654 3 жыл бұрын
@@gammal586 he doesn’t articulate the difference between different Cryptos, for instance, he doesn’t explain true decentralization vs centralised (POS). He doesn’t explain Proof of Work. He has zero technical understanding of cryptography and elliptical curve cryptography specifically. He talks about blockchain and smart contracts which is a massive fallacy. He mentions nothing about economic incentives combined with software, to provide the first (i repeat) THE FIRST(!!!!) digital scarcity ever by solving the Bazyntines general problem. There you go
@brandonthomas8576
@brandonthomas8576 3 жыл бұрын
Once this man said, "banks create money, not central banks" he became instantly credible.
@PlantForge
@PlantForge 3 жыл бұрын
Once he said eth was the greater innovation he lost his credibility.
@SortaDopeIGuess
@SortaDopeIGuess 3 жыл бұрын
US developing post-quantum crypto algorithms... From whom? Im guessing. China and Russia. Those two bums have nothing better to do.
@brabra2725
@brabra2725 3 жыл бұрын
Ethereum an innovation of Bitcoin? This guy is a scammer.
@tetrixdog
@tetrixdog 3 жыл бұрын
Like listening to Ferguson and he is brilliant, but he's obviously at the mercy of other people's narratives about BTC and ETH.
@nigelsenchez
@nigelsenchez 3 жыл бұрын
What about the encrypted message he included?
@nocollarcrypto8851
@nocollarcrypto8851 3 жыл бұрын
Middle men “taking a cut” and his example is “taking out a mortgage?” 😆 My lord I need to break my silence and start speaking out.
@edawg654
@edawg654 3 жыл бұрын
This guy doesn’t appreciate the difference between Bitcoin and other “Crypto” assets. He is waaaay behind in understanding. You can’t call Ethereum the greater innovation without completely missing the whole point of Bitcoin. SMDH. Posh voice doesn’t mean smart person, people.
@stant7122
@stant7122 3 жыл бұрын
It’s all fun and games until there’s negative effects from cryptos usage within a government’s jurisdiction as judged by the government. At that point, government will want to regulate crypto
@tomjohn5532
@tomjohn5532 7 ай бұрын
The more people that have “the balls of steel” you speak of will determine the level of financial freedom we attain
@janus3555
@janus3555 2 жыл бұрын
Revised to hit 7,000 and may go below that, especially if the Fed decides to get involved, which they may given the best time is at its weakest.
@8bitorgy
@8bitorgy 3 жыл бұрын
When the market corrects, Bitcoin will be the first asset sold off to pay for bills. It's only then do we know the true value.
@joels_5.0
@joels_5.0 3 жыл бұрын
"It can't be killed" Sure you're right. But it sure as hell can get dumped ill tell ya that brother, also can get pumped
@mihkel86
@mihkel86 3 жыл бұрын
Dump is a strong word when referring to btc correction
@Fraet
@Fraet 3 жыл бұрын
Ofc they can kill it. Compel credit card companies to cancel the accounts of exchanges.
@JosefJochemPodcast
@JosefJochemPodcast 3 жыл бұрын
Research bisq.
@sethbracken
@sethbracken 3 жыл бұрын
Niall’s NGMI
@charlesmiller6281
@charlesmiller6281 8 ай бұрын
The Genesis Block (first block) of bitcoin contains the newspaper headline, "Chancellor on Brink of Second Bailout". Satoshi himself put that there, both as proof of the time bitcoin started as well as commentary on WHY bitcoin was created: as an alternative solution to a fatally flawed fiat banking monetary system. So how can Ferguson miss that Satoshi most definitely was farsighted, and seriously expect us to think Bitcoin was just "internet money"?
@mihkel86
@mihkel86 3 жыл бұрын
So bullish! I just love his comments. Smart guy
@JohnSmith-vy7ck
@JohnSmith-vy7ck 7 ай бұрын
It’s also Oasis Rose Crypto. They’ve been working with BMW and Meta regarding financial privacy and AI processes.
@JoeCharogoff
@JoeCharogoff 7 ай бұрын
So it can't be killed, but it can die and be used as a weapon.
@anaestereo810
@anaestereo810 3 жыл бұрын
Thorough
@thexcount
@thexcount 7 ай бұрын
When has DEFLATION ever been a problem? WTF is Niall Ferguson talking about why was he worried about deflation in 2008???? Can anyone explain?
@bsjohnston
@bsjohnston 3 жыл бұрын
this guy seems like a shill, right?
@edawg654
@edawg654 3 жыл бұрын
Yes! Just a posho with no clue
@jameshunt4611
@jameshunt4611 3 жыл бұрын
A U.S. dollar backed stable coin will be the next evolution of digital fiat currencies and BTC is and will be the dominant digital asset
@kikolatulipe
@kikolatulipe 3 жыл бұрын
It is annoying that he was using metaverse in every sentence !
@simmonds55
@simmonds55 3 жыл бұрын
Niall, i think you mean Terra Lunas UST as the perfect stablecoin.
@unicornhunter3792
@unicornhunter3792 3 жыл бұрын
Luna all day
@pmc9194
@pmc9194 2 жыл бұрын
Oof! This didn't age well.
@tehn00bpwn3r
@tehn00bpwn3r 8 ай бұрын
"I come from Glasgow" - you're trying to hide it
@darrenasquith1170
@darrenasquith1170 3 жыл бұрын
It can and it will
@chadb4838
@chadb4838 3 жыл бұрын
With the energy it requires to farm bitcoin makes me think it wont last. its not feasible for the long term
@collinr1363
@collinr1363 3 жыл бұрын
Bitcoin is the only thing that is judged that way. How much energy is used by video gamers around the world? How much recharging cellphones? How much does google use? Perhaps an asset that can revolutionize financial markets and give people a safe haven from inflation, government theft, and ridiculous fees from 3rd party services is worth the energy expenditure.
@jarrodgeikie870
@jarrodgeikie870 3 жыл бұрын
It's an interesting argument.. although i think that renewable energy/battery storage will improve alongside the increasing energy needs of crypto so it may well just even out and be all good
@otismcdrunknstuff6875
@otismcdrunknstuff6875 3 жыл бұрын
Gave it 60 seconds. Heard enough.
@CanesFan65
@CanesFan65 3 жыл бұрын
Thumbs DOWN and Stopped watching as soon as you gave credence to "Metaverse". You are playing RIGHT into Zucks hand and PROMOTING it for him. SHAME ON YOU!
@piotrturek8013
@piotrturek8013 3 жыл бұрын
~ "Typing your credit card number into a random website is not a way to pay over the Internet" Sorry sir, but that is precisely the fastest, the cheapest, the best way to pay over the Internet. No cryptocurrency comes close currently. Also, from the UX perspective, there is very little difference between paying via a credit card and using a crypto wallet.
@Chexsum
@Chexsum 3 жыл бұрын
they could make it illegal
@adamsarwar
@adamsarwar 3 жыл бұрын
Several states accept Bitcoin to pay for taxes
@lotemps3042
@lotemps3042 3 жыл бұрын
Bitcoin already is the Global Reserve Asset of the world. Transact in fiat and save in Bitcoin.
@Primal_Primat3
@Primal_Primat3 3 жыл бұрын
I see a day we save in BTC and trade in DOGE.
@ianniculescu1625
@ianniculescu1625 3 жыл бұрын
Bitcoin is great but it can be tracked. Central bank digital currencies are more private. Monero is the solution
@ah64Dcoming4U
@ah64Dcoming4U 3 жыл бұрын
Yes, bitcoin can't be killed. instead it will die with a whimper
@adamski4678
@adamski4678 3 жыл бұрын
i just sent £5 of eth between 2 of my own wallet addresses. gas fee £30. there are better blockchains than ethereum now that scale to be inclusive all people to be able to use it and not exclude through usage costs being obscene
@roykeane1922
@roykeane1922 3 жыл бұрын
Why were you making that transaction in the first place
@Primal_Primat3
@Primal_Primat3 3 жыл бұрын
This is why im not a great fan of ETH, I own some which I bought for "cheap", but I only own it because I see alot of people seem to like it and talk about it alot, however as a way to pay for things, gas fees just kill it. If im honest I could almost say the same thing about BTC, however it isnt as bad, tho one crypto that blows me away when it comes to paying for things or moving money about is DOGE. Its "similar" to BTC in a way, but the main thing that I often see with doge is people can send hundred of thousands or even millions of dollars worth of doge for sometimes the cost of a doge. I see a world in the future where BTC is the digital gold that backs up other forms of crypto that are used as cash. I havent quite worked out all the kinks, but I really do see it as the future in some shape or form.
@adamski4678
@adamski4678 3 жыл бұрын
@@Primal_Primat3 We’re either going to a digital future or not. Previous wealth will go to gold because they don’t understand the first thing about btc or blockchain so can’t comprehend that there is a much better version of gold now. Seriously if we’re going back to gold we’re fucked.. Its either a digital future blockchain systems generating value or nothing as far as i can see but maybe the 70+ have a vision without tech that we all yet to understand 😉
@adamski4678
@adamski4678 3 жыл бұрын
@@roykeane1922 ironically to fund gas fees on a decentralised exchange
@Primal_Primat3
@Primal_Primat3 3 жыл бұрын
@@adamski4678 Some of the old dogs cant be taught new tricks, however everyday they are fewer and fewer. Slowly their money will leave gold and the new blood that inherits it, changes it into new things.
@forbesheaton
@forbesheaton 3 жыл бұрын
Except by a solar flare.. of course
@frankwright5522
@frankwright5522 3 жыл бұрын
Huh.. so war is a miscalculation .
@edok2306
@edok2306 3 жыл бұрын
i don't see conflict and war, easy over.
@edok2306
@edok2306 3 жыл бұрын
because no other way...
@John-wf5if
@John-wf5if 3 жыл бұрын
We need to elect a president that hodls Bitcoin
@hexedits369
@hexedits369 3 жыл бұрын
Richard Heart ❤️ is the crypto guy you need to interview
@zbenne05
@zbenne05 3 жыл бұрын
The balls of steel
@omoklamok
@omoklamok 3 жыл бұрын
bitcoin can be killed is very easy just closed down the exchange from country origin.... this clips made me think from this channel :(
@ziggerott28
@ziggerott28 3 жыл бұрын
Electrical grid? Emp
@danielhopkins296
@danielhopkins296 3 жыл бұрын
Can't be killed or CAN BE TAXED TO DEATH ?
@BigJonkulous
@BigJonkulous 3 жыл бұрын
This guy needs to read the BTC white paper first.
@niemand262
@niemand262 3 жыл бұрын
There has never been a technological revolution after which the prior juggernauts did not try to shoe-horn their business model into the new world. Look at all the companies desperately trying to provide you an internet based product that functions like the old few-to-many communications model. Now compare that to people like Lex, who are exploiting the new many-to-many communications model. You will always find the old dog trying to keep the world suitable for the only tricks he knows.
@RichardHamnett
@RichardHamnett 3 жыл бұрын
bitcoin will prevail regardless of internet disruption, there is already a satellite based network
@jarrodgeikie870
@jarrodgeikie870 3 жыл бұрын
Yes and Elon's Starlink network could be very handy too... he seems like a bit of a rogue who doesn't just do what the establishment wants
@TheTrainstation
@TheTrainstation 3 жыл бұрын
ZERO!
@duckrodgers7097
@duckrodgers7097 3 жыл бұрын
hearing dumb things said in a british accent makes my head hurt >.
@edawg654
@edawg654 3 жыл бұрын
Fucking right!! You are a critical thinker pal
@tuckerbugeater
@tuckerbugeater 3 жыл бұрын
So the Government won't be able to see my day to day Crypto transactions but every Corporation I transact with will.
@parrmik
@parrmik 2 жыл бұрын
4 months is a long time in crypto life. It aint doing so well at the moment.
@erikperik1000
@erikperik1000 3 жыл бұрын
Famous last words
@jadepenn7407
@jadepenn7407 3 жыл бұрын
This is a perspective from privilege. Western bank arguments etc. what about third world unbanked and sanctioned?
@MisterMonsterMan
@MisterMonsterMan 3 жыл бұрын
Why would/should these guys be talking about that? I dont think this is the type of place, nor are crypto investors in general the type of people that will be swayed by your "place of privilege" radical intersectional arguments. Your desire to bring hate and division into the situation has no power here.
@jadepenn7407
@jadepenn7407 3 жыл бұрын
@@MisterMonsterMan Why would they not talk about the largest current use case for the technology? Radical, intersection argument? =0
@landon2215
@landon2215 3 жыл бұрын
These guys do not understand Bitcoin.
@Bkiddo79
@Bkiddo79 5 ай бұрын
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