Watch the Crypto congressional hearing highlights in 12 minutes

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CNET Highlights

CNET Highlights

2 жыл бұрын

At a congressional hearing, key players from the crypto industry discuss the future of digital assets and their recommendations to lawmakers on how to address policy and regulation.
#blockchain #bitcoin #crypto

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@thedude5599
@thedude5599 2 жыл бұрын
Mr Brooks is the most welspoken person I have ever listened to. Glad he is on our side.
@mcmc80466j
@mcmc80466j 2 жыл бұрын
yea this dude is a monster. 100% right. i was so pumped when the questions got directed to him
@superpixelated7354
@superpixelated7354 2 жыл бұрын
Who's Brook? The congressman. Does that mean cypto is a scam
@copycatt2579
@copycatt2579 2 жыл бұрын
Brooks crushed it!!
@hvacdesigner6104
@hvacdesigner6104 2 жыл бұрын
Mr. Brooks is Will Bailey in real life. He looks like a well-rested Joshua Malina and speaks like Aaron Sorkin is feeding him lines. Unreal.
@KuliVoko
@KuliVoko 2 жыл бұрын
Everything he says makes sense. Always ready to shoot.
@joshcummins3916
@joshcummins3916 2 жыл бұрын
Brian Brooks is a legend. I loved that he didn't use many buzz words and made comparisons to the current finance model and how blockchain makes the system more transparent & inclusive.
@falkonerr
@falkonerr 2 жыл бұрын
What a monopoly. Hope us dollar dont stay more like reserve currency
@nimaeusman2183
@nimaeusman2183 2 жыл бұрын
Success depends on the actions or steps you take to achieve it. Show me a man without investment and I'l tell you how long it takes to go bankrupt. Investing creates a safe haven for the future. With the right investment choice that has at least a 2% minimum risk and with the advice of an expert, profits and interest are 100% guaranteed
@jeremiahsnyder9262
@jeremiahsnyder9262 2 жыл бұрын
I had to use a dictionary to translate a 3-minute segment of what he said. dude obvious knows a few things about a few things.
@user-vw2pq5hf5l
@user-vw2pq5hf5l 2 жыл бұрын
agreed! bb is a legend in his own right. did you hear him in the eco explore 1 event? the future is bright indeed.
@nighttrain1565
@nighttrain1565 2 жыл бұрын
I love how the man who invented USDC is sitting right there next to her silently and she is absolutely clueless lolol
@bikingscape595
@bikingscape595 2 жыл бұрын
Mr. Brooks is an impressively well-spoken guy.
@Cookieforevah
@Cookieforevah 2 жыл бұрын
Mr. Brooks should become minister of crypto.
@JohnnyFD
@JohnnyFD 2 жыл бұрын
He's the best on the panel by far, the US government should hire him as an advisor.
@chrisrodgers4950
@chrisrodgers4950 2 жыл бұрын
If you ask me, he’s too good.. How do we know that Brooks is not himself a crypto asset? Some kind of liaison to the cyber world, one with flesh and the ability to work with autisticmin
@GruncleJohn
@GruncleJohn 2 жыл бұрын
Bravo to the crypto team! Thank you for educating our lawmakers!
@victorgarcia4145
@victorgarcia4145 2 жыл бұрын
Lawmakers dont have a problem understanding crypto. What they want to understand is how to control it
@doom-driveneap4569
@doom-driveneap4569 2 жыл бұрын
And the country lmao
@pinnaclecomrade7082
@pinnaclecomrade7082 2 жыл бұрын
@@victorgarcia4145 the same way they did stocks some 20 yrs ago
@ITSEAZYBOY
@ITSEAZYBOY 2 жыл бұрын
Brooks is pure intelligence, he reminds me how dumb I am, great work
@wYd001
@wYd001 2 жыл бұрын
Mr Brooks you are a legend. Thank you for the great answers
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===++
@brink6463
@brink6463 2 жыл бұрын
Well spoken representatives of the crypto space (especially Mr. Brooks). My only issue was with the Stellar rep. I wish she had kept her explanation to the wider crypto space and discussed how the claims of energy consumption for some platforms are taken out of context or measured incorrectly. Instead, it seems to me that she talked up her own token.
@MrRetobor
@MrRetobor 2 жыл бұрын
Yep still cheaper and more eco friendly to move Bitcoin than mining tons of gold around and move it around the globe as a store of value
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===++
@brink6463
@brink6463 2 жыл бұрын
@@MrRetobor Agreed. That would have been the point I would have made. That’s what these folks need to hear.
@drfrostybuds5288
@drfrostybuds5288 2 жыл бұрын
Definitely, her answer for that was bad. Should address BTC and explain why it's not as it seems
@mickeydrago9401
@mickeydrago9401 2 жыл бұрын
We can now apply the word shill to a government official... At least she did a little disclaimer
@jewellui
@jewellui 2 жыл бұрын
This is amazing, the fact that we are having this discussion on this level just demonstrates for far along Crypto has come and is here to stay.
@Stuart.Branson.
@Stuart.Branson. 2 жыл бұрын
until the CB's release their DC's and firewall crypto everywhere
@whatsap428
@whatsap428 2 жыл бұрын
Thanks for watching~~hit me up 👆👆 for guide or advice on how to invest in crypto.🏦.
@NeroTheAntiHiro
@NeroTheAntiHiro 2 жыл бұрын
@@Stuart.Branson. can we, the people, build a new internet around google and spectrum?
@Boxing4K
@Boxing4K 2 жыл бұрын
Anyone who thinks congress taking any interest in Cryptocurrencies is a good thing is extremely naive. The US government wants to find a way to crush crytpos, mark my words. The US dollar is currently the standard currency most trade is done with. Can you imagine what would happen to the US's economy if trade started to be done in cryptocurrencies ? Suddenly, the US wouldn't be able to just print more money whenever they need it. They would go to war to make sure they protect the US dollar.
@Lorne.Mccuaig
@Lorne.Mccuaig 2 жыл бұрын
@@Boxing4K Some of what you say is true, but the greater truth is that the markets have been in a long term bull run since early 09'. Crypto typically runs about 3x (more in the old days) the fluxuation of the DOW and/or Nasdaq index. If the DOW drops by 50%, crypto will crash around 85% or more. Point is, Crypto hasn't been tested. There are fundamental flaws with Crypto, one of which is the complete lack of regulation around CDO's. The limited number of corps that are SEC listed still don't protect against fraud (think Enron, Madoff) and fraud in spite what crypto fans believe, is rife. Some Ponzi's can go 20 years like Madoff. We really won't know the true extent of corruption in crypto until the industry has been tested in a crash scenario. Readers need to understand that wallet holders aren't the only one's with keys to the wallets regardless of what they might have been led to believe. The creators of coin and the exchanges have keys to these same wallets. When times get tough, we'll see the industry for what it is... one giant meme, a poor imitation of the real thing. Not that I'm a big lover of Fiat currencies or pump and dump SPAC's. Fiat's don't last forever but they do last longer. There are obviously no guarantees with Fiat (welcome to the human condition), but Fiat is controlled by governments of which, if we are lucky enough to be born in a nation where the government isn't entirely corrupt for long periods and thus falling apart, then the Fiat like the Euro or the dollar is controlled at least somewhat by the rule of law decided by democratically elected politicians. We don't have such luxuries with Crypto. This may suit the libertarian and the criminal mind who wants to avoid laws and what? Open source? Public? The names of the transactions aren't public and with a few exchanges and currency trades, it becomes untraceable. It's not that open.
@FateChanger95
@FateChanger95 2 жыл бұрын
Thanks Mr. Brooks for educating the U.S. Congress. Web 3.0 is the Future 💪
@shmone88
@shmone88 2 жыл бұрын
Brooks is the man. He is my cryto Hero man. Short and sweet and very humble. He speaks FREEDOM of the future.
@redhidinghood9337
@redhidinghood9337 2 жыл бұрын
Stuff like this is what still makes me respect america even after the political happenings recently
@bobpruss263
@bobpruss263 2 жыл бұрын
100% agree thank you for saying it first. This needs a bump
@lootangshellhouse2506
@lootangshellhouse2506 2 жыл бұрын
you mena thank the satoshi if bitcoin wasnt threatening their oligarchy they wouldnt be trying to take over it at this point
@kozuke1742
@kozuke1742 2 жыл бұрын
I don't understand which respect is required for a country that talks about regulations on an asset which is probably not from america
@gregtowle8830
@gregtowle8830 2 жыл бұрын
They are going to close banks . So people will lose all the money they have in banks. That does not sound good. I would'nt respect any thief's
@daisydaisy2104
@daisydaisy2104 2 жыл бұрын
Cause it has to do with money..
@Filaxsan
@Filaxsan 2 жыл бұрын
Wow. This was incredibly smooth considering the topic and the parties involved. Brian Brooks was really an MVP on this one! Thanks Brian, we're really all proud of you!
@bobbygunz9254
@bobbygunz9254 2 жыл бұрын
Every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goal
@jessicamoore3093
@jessicamoore3093 2 жыл бұрын
Exactly that expression “buy back your time” well that’s what investing allows you to do
@chris-pj7rk
@chris-pj7rk 2 жыл бұрын
I’ve had people say to me they didn’t know you can start investing with small amount of money they 100% can and a $1 start is better than nothing at all
@claradidi7573
@claradidi7573 2 жыл бұрын
I don’t just buy/trade anything for the sake of it, I seek the guidance of *Jessica Meador Jones* who has made me understand that strategy is everything, her strategy has about 25x returns so far this year I copy her trade in real time which I confidently say I am impressed by.
@viviangall1786
@viviangall1786 2 жыл бұрын
I came across this name while reading an article on CNBC . But I wasn't given much information about her. Could you pass along the tutor info, because I would love to try out her service for myself?
@ShimAzu700
@ShimAzu700 2 жыл бұрын
Wrong every dollar o invested 4 years ago his still less than what he worth. Probably 0.68 cents for one dollar. That's for me no bullcrap
@lukilab5948
@lukilab5948 2 жыл бұрын
Legendary pen twirling skills from Mr. Bankman-Fried at 3:00. He's hypnotizing congress into agreement with those moves.
@dread69420
@dread69420 2 жыл бұрын
Honestly, Mr. Brooks is a certified chad. So clear, concise and just hands it to everyone (even the audiences) in a very respectful manner.
@chinogambino9375
@chinogambino9375 2 жыл бұрын
Yeah, he's really good at lying through his teeth for money.
@maxwell_lb7120
@maxwell_lb7120 2 жыл бұрын
@@chinogambino9375 ?
@maxwell_lb7120
@maxwell_lb7120 2 жыл бұрын
@@chinogambino9375 all I heard from him is facts
@JordanResendizyo
@JordanResendizyo 2 жыл бұрын
Compare this to the hearing on Social Media. All of them were either condescending or sarcastic. I didn't see Marky Mark compose to even half of the level of this hearing. Props to all of them, but especial props to Brian Brooks, he shows composition and knowledge. Crypto is the future and all these people proved it.
@socrates_the_great6209
@socrates_the_great6209 2 жыл бұрын
Such great defenders of human rights. I'm proud of being in crypto with those people.
@ryanpatrick4920
@ryanpatrick4920 2 жыл бұрын
If creating and sustaining a ponzi scheme is a human right, then I guess you can be proud
@carlifrancis31
@carlifrancis31 2 жыл бұрын
@@ryanpatrick4920 nice try. you must be a democrat
@UmbraWeiss
@UmbraWeiss 2 жыл бұрын
@@ryanpatrick4920 I will wait for you in 10years, when everything will work on this ponzi :))
@ryanpatrick4920
@ryanpatrick4920 2 жыл бұрын
@@UmbraWeiss A single-day 30 percent drop in the value of a so called currency does sound promising for its future usefulness. BTC has been around for a decade, and still no one uses it to purchase goods and services. Gotta love those fundamentals.
@GamerBrosJAndM
@GamerBrosJAndM 2 жыл бұрын
@@ryanpatrick4920 ask someone who works in the space what they think of bitcoin and they’d likely agree with you completely
@toyboy51funorb
@toyboy51funorb 2 жыл бұрын
SBF and Brian Brooks are like geniouses in a room of smart people. These guys speak so eloquently and smart and have stunning brainpower.
@ajpope2010
@ajpope2010 2 жыл бұрын
More like a handful of genius humans in a room full utterly corrupt jackal parasites.
@maxk880
@maxk880 2 жыл бұрын
@@ajpope2010 I know it's easy to dehumanise politicians if life is not going great for you our your country. But in the end, most of those politicians want to make society better. If they were only there for own gain, it kinda defeats the purpose. Business world will get you way richer
@ajpope2010
@ajpope2010 2 жыл бұрын
@MKraay i am doing great by the way. Have never been more optimistic for the future than i am right now. Also getting ready to quit my job all because of understanding whats true and what's not
@ajpope2010
@ajpope2010 2 жыл бұрын
@MKraay What??? They are not there for their own gain? Since when? Since when are these CAREER politicians not there for their own gain. Since when has holding high office not extremely lucrative. Since when has "serving the public" not held extreme power and prestige?? Humans must not want any of that kind of stuff and for no other reason than complete selfless serving the greater good of their countrymen. Fk outta here boomer
@popotade4621
@popotade4621 2 жыл бұрын
i kinda felt like Sam underperformed. Dude's a genius but he probably can't handle the social anxiety.
@puvididdle
@puvididdle 2 жыл бұрын
damn, this Mr.Brooks dude is so eloquent and skilled in explaining stuff.
@italianoDOCG
@italianoDOCG 2 жыл бұрын
When there's money to be made and money to be taxed, everyone is so cordial and pleasant.
@whatsap428
@whatsap428 2 жыл бұрын
Thanks for watching~~hit me up 👆👆 for guide or advice on how to invest in crypto.🏦
@LagomFeelGood
@LagomFeelGood 2 жыл бұрын
I am currently so happy watching this and seeing such positivity from both sides
@user-pt4hm6od1h
@user-pt4hm6od1h 2 жыл бұрын
Fan!! I really appreciate your comments 🙂. Send me a direct message on our WhatsApp page for more guidelines and advise 👆👆.
@kimjongchill2072
@kimjongchill2072 2 жыл бұрын
Perfect family name for this panel/ this panel hearing: Bankman-Fried ...just awesome^^
@crystalclink
@crystalclink 2 жыл бұрын
Excellent explanations and questions by all!
@ellaaysun6181
@ellaaysun6181 2 жыл бұрын
I just withdraw my profit last two days before now. am glad I did invest with them still reinvested and the trade is ongoing
@lawikabiru1071
@lawikabiru1071 2 жыл бұрын
That's true most people today have been having a lot of failures ln forex and crypto sector because of the poor orientation and bad expert
@evelynzoey1892
@evelynzoey1892 2 жыл бұрын
@@lawikabiru1071 Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services
@adamsonfrade4560
@adamsonfrade4560 2 жыл бұрын
It's strange how people talk about all the profit they've been making though trading of bitcoin. Am here not making any profit at all places can someone put me through on the right path
@aydenhaggarty318
@aydenhaggarty318 2 жыл бұрын
@@adamsonfrade4560 consisted is key l've been investing with her for months now and l've made a lot of profit from her. most of those traders who offer to give you 500% of whatever you invest might scam you of your hard .earned me..
@sandrabaffa7980
@sandrabaffa7980 2 жыл бұрын
my cousin recommended her to me. He has been investing with her for some months now, but the profit he gets is not that large, l've seen traders who offer to give you 500% of whatever you invest
@Atodaso
@Atodaso 2 жыл бұрын
I watched the entire 4.5 hours yesterday, and was thrilled with how it went.
@clintcowan9424
@clintcowan9424 2 жыл бұрын
Thanks for sharing
@bartz4439
@bartz4439 2 жыл бұрын
You mean how good or bad?
@Frosst
@Frosst 2 жыл бұрын
@@bartz4439 Thrilled means good.
@peskypesky
@peskypesky 2 жыл бұрын
From what I've seen, the crypto people knocked it out of the park.
@bartz4439
@bartz4439 2 жыл бұрын
@@Frosst cheers
@MacklinBuckler
@MacklinBuckler 2 жыл бұрын
I don't usually comment, but I want to give kudos to Brian Brooks. I would take a crypto class if he offered one on Udemy or Udacity. Very easy to understand and captivating. Keep going!
@doubledown9
@doubledown9 2 жыл бұрын
He’s great isn’t he, I could listen to him speak about crypto all day. Goes to show you it’s not what you say it’s how you say it! ☺️
@jonnybeck4873
@jonnybeck4873 2 жыл бұрын
Mr. Brooks is the man, just nailed it!!!
@peterandrews8129
@peterandrews8129 2 жыл бұрын
Where can I get the full discussion. Please Leave a link in the comment
@joeblock62
@joeblock62 2 жыл бұрын
Mr. Brooks... 1000 times smarter than most all of Congressmen/women in that committee. Especially the chairwoman.
@ortinsuez2052
@ortinsuez2052 2 жыл бұрын
What's really scary is we have people making rules that have no idea what's happening. Imagine if we didn't have such discussions. We need to elect people that are moving with the times.
@Tondo54321
@Tondo54321 2 жыл бұрын
Theyre moving with the times by having these discussions. Not everything is About crypto and not every lawmaker should be a crypto expert
@ortinsuez2052
@ortinsuez2052 2 жыл бұрын
@@Tondo54321 Agreed and not to dismiss having such discussions. My point is, I'd rather have a policy maker that has arguably absolute command of a field and understand where that field is going. Some of the questions these guys be asking are so shallow and is worrying.
@nickypipes3004
@nickypipes3004 2 жыл бұрын
Unfortunately that’s always the case
@n4rzul
@n4rzul 2 жыл бұрын
@@ortinsuez2052 There are too many fields maybe? Cant have a million people in congress?
@druhseenuh
@druhseenuh 2 жыл бұрын
@@ortinsuez2052 Well, expert policymakers or otherwise, the onus is on both ends (non-expert policymakers and non-policymaking experts) to come out better-informed of the complexities of the field(s) in question, when (a) the experts to understand the gaps that congress had and still have, before and after these hearings; (b) the policymakers to ask questions based on those gaps of knowledge that they've been having, and most importantly; (c) for the latter to enact socially responsible policies. I mostly agree with 'expert policymaker > non-expert policymaker', but both types are humans and can be swayed by many things (primarily $). Suppose an expert policymaker gets lobbied into supporting a policy against the social/political/economic/environmental pros (and vice versa). In that case, it may as well undermine the expertise of any expert policymaker in the future, and it becomes a 'one-step-forward-two-steps-back' type of situation.
@Thatguy-sm8cw
@Thatguy-sm8cw 2 жыл бұрын
Brooks was great, especially his answer to the reserve currency question
@TheWalshFamilyy
@TheWalshFamilyy 2 жыл бұрын
Brian brooks, thank you sir 🤝
@esureforyou6877
@esureforyou6877 2 жыл бұрын
Thanks for watching send a direct msg right away . WhatsApp✚+12183809342
@Jesseg-rj6xf
@Jesseg-rj6xf 2 жыл бұрын
Thank you for standing up for all of us small folks in the crypto world! 🚀
@mikeryan4651
@mikeryan4651 2 жыл бұрын
Lol y’all can have fun with that fake money I’d rather invest in stocks and make real money today
@Brightenigh
@Brightenigh 2 жыл бұрын
@@mikeryan4651 do you
@nicolaicana9720
@nicolaicana9720 2 жыл бұрын
Mr. Brooks really answered and explained it well.
@waxwingvain
@waxwingvain 2 жыл бұрын
Exceptional ability to speak, this is how being well prepared looks like
@taccntb4345
@taccntb4345 2 жыл бұрын
Indeed. Brooks was on fire. They all did very well and hit their marks. Im very happy with how this went. Now its up to congress to understand how this can be a boon for all.
@Mztbtc
@Mztbtc 2 жыл бұрын
who is this guy?
@This_is_Rashad
@This_is_Rashad 2 жыл бұрын
@@waxwingvain good o
@pohara68urupa98
@pohara68urupa98 2 жыл бұрын
Yeah man. Amazing speaker. Respectful, succinct, articulate….the man was awesome.
@colouredlaundry1165
@colouredlaundry1165 2 жыл бұрын
Also proof of stake is low in energy consumption because the consensus is built on the number of coins rather than on the number of computing units (proof of work)
@PsaGrades
@PsaGrades 2 жыл бұрын
Mr Brooks is saying it loud and proud, listen to him. As far as asking what advantages are stablecoins they need to be asking what are the risks and how can we properly regulate it, stablecoins are directly tied to banks, usually offshore banks.
@wolfgamiing89
@wolfgamiing89 2 жыл бұрын
One word could be used to describe Mr.Brooks : Legend!
@DirtyInvestor87
@DirtyInvestor87 2 жыл бұрын
How about racist because he is racing to tha goal 😂😂😂😂🤣🤣🤣🤣
@narupepo
@narupepo 2 жыл бұрын
Nobody can stop this. It's happening , crypto , crypto gaming , metaverse , decentralised banking. It's here to stay , and we the people choose for it to stay. No longer am I going to keep a single cent in a centralised bank , my money will work for me , smart money , and no bank will rob me of that.
@TheFunLuvnCRIMINAL
@TheFunLuvnCRIMINAL 2 жыл бұрын
Nft, smart contracts implementation into industries like Healthcare; insurance; shipping logistics...
@mikeryan4651
@mikeryan4651 2 жыл бұрын
Lol 😂 yeah ok they can’t stop it key work law makers someone never listen in government class 😂 they can ban it in USA if they wanted it
@mikeryan4651
@mikeryan4651 2 жыл бұрын
And a traditional brokerage account threw fidelity i invest in stocks makes Real money not 300 years down line money
@HH-xs2gm
@HH-xs2gm 2 жыл бұрын
Lmao y’all are so dumb
@huberto7453
@huberto7453 2 жыл бұрын
@@mikeryan4651 yeah okay buddy. It’s considered a good year of stock market investing if you’re up 8+% in crypto that’s a pathetic return. Most people get 30-200% every year in crypto. Keep coping with antiquated, high regulated, centralized financial systems dunce.
@ChristopherCricketWallace
@ChristopherCricketWallace 2 жыл бұрын
this isn't a hearing. it's a congressionally sponsored commercial for multiple crypto companies.
@cryptoallstars266
@cryptoallstars266 2 жыл бұрын
Preach the US Mr. Brooks! Preach!
@wareshubham
@wareshubham 2 жыл бұрын
Mr brook killed it. I have never heard suck clear articulation in a long long time.
@whatsap428
@whatsap428 2 жыл бұрын
Thanks for watching~~hit me up 👆👆 for guide or advice on how to invest in crypto.🏦..
@blauersamt_
@blauersamt_ 2 жыл бұрын
been in this game for so long.. i get goosebumps how far crypto came..
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===+++
@Blakelikesfood
@Blakelikesfood 2 жыл бұрын
Lol...I've been it it 6 weeks. Ask me in a year.
@marshmelows
@marshmelows 2 жыл бұрын
Correct me if I'm wrong, but in the last answer, Ms. Dixon basically said that the Bitcoin protocol is unsustainalbe from an energy consumption background whereas other protocols, like the Stellar one are better at this. Thus making crypto in general look "green", except bitcoin itself
@whatsap428
@whatsap428 2 жыл бұрын
Thanks for watching~~hit me up 👆👆 for guide or advice on how to invest in crypto.🏦
@vdi7707
@vdi7707 2 жыл бұрын
Brian Brooks is a genius. Everything he says is really extraordinary. I hope everything crypto related comes to fruition.
@Outshinedsg
@Outshinedsg 2 жыл бұрын
I think this is a very positive sign for crypto markets. I think they articulated the advantages and need for crypto well, and hopefully if the government collaborates them to create clearer regulation and better consumer protections, in going to be a net win for everybody.
@Shadow__133
@Shadow__133 2 жыл бұрын
Especially for drug and child traffickers! We love crypto ❤️ 💕
@connor883
@connor883 2 жыл бұрын
@@Shadow__133 that's only a small potential use case for crypto. And they'd actually rather use cash cause crypto is more traceable
@moosesnWoop
@moosesnWoop 2 жыл бұрын
This was a positive meeting. Glad these representives hold the values that we see among the cypto/web3.0 space. Future looks good, bullish.
@FrankBullitt390
@FrankBullitt390 2 жыл бұрын
It was a positive meeting because all those law makers are already invested in it lol
@moosesnWoop
@moosesnWoop 2 жыл бұрын
@@FrankBullitt390 yip, getting their own personal consulting.
@FrankBullitt390
@FrankBullitt390 2 жыл бұрын
@@moosesnWoop "how do we ensure that we make money on this but nobody else" is what they were thinking heading into the meeting. I want decentralized government after this
@papacologne14
@papacologne14 2 жыл бұрын
@@FrankBullitt390 hahahahahaha this is trueeee they need drama. Hahahah
@artofroy84
@artofroy84 2 жыл бұрын
Just listen to intelligent people like Mr. Brooks gives me a new understand how knowledge of human beings expands in fastest rate.
@stevenross-watt8640
@stevenross-watt8640 2 жыл бұрын
Brilliant sales pitch of Stellar (spl?) At the end. btc transaction using vast electrical consumption consumption Stellar doing the opposite. I'd never even heard of it before but I imagine Congress like the sound of it in comparison based on energy consumption alone
@seanhoang9029
@seanhoang9029 2 жыл бұрын
Mr Brooks completely nailed it.
@rhvre
@rhvre 2 жыл бұрын
Holy bejeezus, I haven't heard of a "Mr Brooks" before but I'm a fan! Haven't heard anyone articulate complex ideas so clearly and succinctly in ages.
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===++++
@Rebeccaturnerrescue
@Rebeccaturnerrescue 2 жыл бұрын
I'm gonna commit a crime just so he can represent me (if he were still a lawyer); well, I'm going to get _caught_ committing a crime I meant.
@darkveil5821
@darkveil5821 2 жыл бұрын
Brooks words are like butter. I'm in love❤
@whatsap428
@whatsap428 2 жыл бұрын
Thanks for watching~~hit me up 👆👆 for guide or advice on how to invest in crypto.
@yasutakeuchi
@yasutakeuchi 2 жыл бұрын
The candor with which he calls out the corruptive nature of the “accredited investors’ club” was fantastic 😎
@Mikesco3
@Mikesco3 2 жыл бұрын
BTC's energy argument is suck a BS argument, for one it is not accurate that the cited number is per transaction, it requires the same energy whether you do one or a million transactions, so in order to compare it, we should consider the energy cost of all of the computers and card processing devices to power Mastercard and visa, the only difference is that we can easily calculate BTC's value. On the other hand the way Bitcoin works it pushes energy consumers to go find the cheapest sources because they are directly penalized for not being efficient, so it often takes advantage of energy that would otherwise be wasted. And lastly as the network capacity is not necessarily correlated to the amount of energy consumption, more traffic does not equate more energy. The truly scaling options like lightning don't even require the same energy process.
@mrclk6695
@mrclk6695 2 жыл бұрын
Yeah, really frustrating that that question was asked out of pure ignorance and parroting Bitcoin opponents and that the answer was essentially a promotion of stellar instead of a real explanation of how Bitcoin works.
@toolegit2quit173
@toolegit2quit173 2 жыл бұрын
Old FUD dies hard…..but it IS dying!!!
@abccba7301
@abccba7301 2 жыл бұрын
@@mrclk6695 I was gonna say this, but you did it better))
@royaldecreeforthechurchofm8409
@royaldecreeforthechurchofm8409 2 жыл бұрын
It still uses a stupid amount of electricity which is bad for the environment.
@abccba7301
@abccba7301 2 жыл бұрын
@@royaldecreeforthechurchofm8409 you didn't get it
@reallyshel
@reallyshel 2 жыл бұрын
The last lady didn't really debunk the Bitcoin energy thing
@JoshBromberg
@JoshBromberg 2 жыл бұрын
There's nothing to debunk, it (currently) uses a ton of energy.
@yetimano1
@yetimano1 2 жыл бұрын
@@JoshBromberg She just used the Chewbacca defense.
@Mikesco3
@Mikesco3 2 жыл бұрын
BTC's energy argument is suck a BS argument, for one it is not accurate that the cited number is per transaction, it requires the same energy whether you do one or a million transactions, so in order to compare it, we should consider the energy cost of all of the computers and card processing devices to power Mastercard and visa, the only difference is that we can easily calculate BTC's value. On the other hand the way Bitcoin works it pushes energy consumers to go find the cheapest sources because they are directly penalized for not being efficient, so it often takes advantage of energy that would otherwise be wasted. And lastly as the network capacity is not necessarily correlated to the amount of energy consumption, more traffic does not equate more energy. The truly scaling options like lightning don't even require the same energy process.
@nGUNNARp
@nGUNNARp 2 жыл бұрын
yea idk why she was there just shilling a shitcoin...bitcoin transactions don't use up the energy, bitcoin energy usage is almost exactly the same whether there are 100 transactions per day or a million...it'd be like saying that your local farm uses an unbelievably amount of energy per transaction cause they only sell to 2 buyers each quarter or something...it's just a stupid argument. the energy bitcoin uses secures the network, just like the energy the internet uses secures the internet.
@heathereusterman5438
@heathereusterman5438 Жыл бұрын
Brian Brooks did an amazing job (the best to date IMHO) presenting to congress. Adding AOC's comments dilutes the impact. Crawl, walk, run.
@AndreAnyone
@AndreAnyone 2 жыл бұрын
dude Mr. Brooks is the man !!!!!!!
@jamescomb1170
@jamescomb1170 2 жыл бұрын
I see Crypto as a development to the Society and its really not an expansion of the existing finical growth, rather its another channel of growing the Countries economy
@younglee-segredo831
@younglee-segredo831 2 жыл бұрын
I've been saving for a while, so I can invest in stocks/real estate came across a success story of an investors that made up to $700,000 in few months from investing just $250K and I'd really appreciate it if I could get clues and pointers on how to make better profit.
@danielhandz1870
@danielhandz1870 2 жыл бұрын
When investing, take your time. Don't rush into anything. FOMO (Fear of Missing Out) is your worst enemy.
@ceceliakent7715
@ceceliakent7715 2 жыл бұрын
If you are not conversant with the markets, I'd advise you get some kind advise or assistance from a financial consultant or Investment coach. That’s the most ideal way to jump into the market these days because these whales don't care if you get hurt.
@johnlennon232
@johnlennon232 2 жыл бұрын
The importance of a good portfolio manager is grossly underrated. Someone who can tackle any market situation. There was a time I needed professional opinion, had to seek the expertise of Katherine Rae Lobe she was really of good help.
@johnlennon232
@johnlennon232 2 жыл бұрын
@Zahair O'Brian Search the Internet
@swish6143
@swish6143 2 жыл бұрын
Stellar uses less energy because it’s less secure. She forgot to say that.
@adfadf9785
@adfadf9785 2 жыл бұрын
she came on to shill xrp lol
@ACloserLookAtLife
@ACloserLookAtLife 2 жыл бұрын
Ya that was a hard shill. Let me just not answer you and instead push my coin.
@whereschavo3953
@whereschavo3953 2 жыл бұрын
@@adfadf9785 shes shilling XLM not XRP. inform yourself
@michaelporterfield2460
@michaelporterfield2460 2 жыл бұрын
@@whereschavo3953 I think you just did. Thank you Informer. Now licky boom boom down
@abdel4456
@abdel4456 2 жыл бұрын
Its as secure as the couple of btc miningpools
@scubaducky6179
@scubaducky6179 2 жыл бұрын
Yo Danelle Dixon is great 👍! Great job!
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===++++
@reidos6420
@reidos6420 2 жыл бұрын
Oh, Mr Brooks. You are the man!!!!!!!!
@isabellamia5409
@isabellamia5409 2 жыл бұрын
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating..
@mcminnsmith9322
@mcminnsmith9322 2 жыл бұрын
I support your opinion sir. Investing your coin with an experienced expert trader will go a long way in minimizing losses and maximizing Profits for you as an investor.
@jerryroland523
@jerryroland523 2 жыл бұрын
Very correct, My first Investment with Expert Mr Williams gave me so much profit that I have to keep reinvesting with him repeatedly. I recommend all beginners and newbies to get started with an expert trader
@courtneyprichard7046
@courtneyprichard7046 2 жыл бұрын
Mr Williams is one of the best traders I have worked with.
@maxfincham9312
@maxfincham9312 2 жыл бұрын
Mr Williams has changed my financial status for the best. All thanks to my aunty who introduced him to me.
@karenbeatrice3153
@karenbeatrice3153 2 жыл бұрын
@@maxfincham9312 Please how do I get in touch with this Mr Williams. I'm interested
@Hilarious_Harbor
@Hilarious_Harbor 2 жыл бұрын
I am convinced that crypto will never stop growing. Time to accumulate more cryptos on dip!
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===++
@yothiga
@yothiga 2 жыл бұрын
Okay, I might miss something but what is the answer of dollars value again? How’s stable coin help keep the value of dollar?
@adamous00
@adamous00 2 жыл бұрын
Great clips
@nickypipes3004
@nickypipes3004 2 жыл бұрын
These CEOs should be our leaders..Real intelligence on display..they speak concisely and coherently..a sharp contrast to the stiuffed shirts moderating this hearing ..
@Toasty373
@Toasty373 2 жыл бұрын
No, they should not. That's a corptocracy
@nickypipes3004
@nickypipes3004 2 жыл бұрын
@@Toasty373 maybe.but what we have now is an idiocracy with a self serving, corrupt agenda…so which is worse?
@curioussand1339
@curioussand1339 2 жыл бұрын
All congress members should be forced to reveal whether they or their family holds any crypto. History shows that personal interests always override anything else.
@andriessen
@andriessen 2 жыл бұрын
Well i mean if you really believe in technology it makes sense that you also own some of it. You can’t be pro-crypto and then not want to be part of it.
@Ultima_Weapon_Rasiel
@Ultima_Weapon_Rasiel 2 жыл бұрын
If this hearing was about auto makers or housing we should verify if they own a car or house... smh
@lathenthomas2422
@lathenthomas2422 2 жыл бұрын
@@Ultima_Weapon_Rasiel Lml 😂😂😂
@n4rzul
@n4rzul 2 жыл бұрын
@@andriessen lol
@cheeseworld4343
@cheeseworld4343 2 жыл бұрын
All these guys are really smart 💪🏽
@lockhamj
@lockhamj 2 жыл бұрын
They did a good job breaking this down
@3dmikster776
@3dmikster776 2 жыл бұрын
Extremely bullish news for crypto investors, Great explanation by the ceos and government (republican and democratic alike) all listening. good job!
@MelroyvandenBerg
@MelroyvandenBerg 2 жыл бұрын
I think the expiation of Stellar was a joke at the end. She didn't answer the question at all. Only promoting her own platform is what she did.
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===++++
@ACloserLookAtLife
@ACloserLookAtLife 2 жыл бұрын
What about environmental impact? “Oh, to NOT answer your question, Stellar (who I work for) is better”
@thescatterpiratesquarepant7935
@thescatterpiratesquarepant7935 2 жыл бұрын
what is an killowat per hour for each transaction?
@CryptoBoy-te1ic
@CryptoBoy-te1ic 2 жыл бұрын
Finally some good questions and answers 🙌
@hamogear6735
@hamogear6735 2 жыл бұрын
Dixon and Brooks respect.
@rocketking2589
@rocketking2589 2 жыл бұрын
AOC attempting to ask a coherent question and the experts immediately disagreeing with her, may be my favorite new pastime.
@billgrunwald5755
@billgrunwald5755 2 жыл бұрын
Mr Brooks agreed with her almost verbatim at another time in the hearing.
@rocketking2589
@rocketking2589 2 жыл бұрын
@@billgrunwald5755 Even a broken clock is right twice a day.
@christopherthide6680
@christopherthide6680 2 жыл бұрын
@@rocketking2589 and you'll always be right so long as you never take criticism
@michaelkim984
@michaelkim984 2 жыл бұрын
If you watched the actual video, she actually was asking the question of HOW the CEOs would respond to people who say what she said. People like you get completely fooled by poor video editing like this. CNET has the full clip as "Watch AOC question Crypto execs on how Bitcoin is different" which shows she asked it in a way that allows the CEO to educate the audience, but for some reason CNET cut the first part out completely to make it seem like she's simply making a naive statement. Her full question was "What do you say to the folks who say this doesn't seem like a new financial system per se but an extension or perhaps expansion of the present one?"
@JorgeRamos-xw6dy
@JorgeRamos-xw6dy 2 жыл бұрын
Most of the congress read a few papers on blockchain per crypto before the meeting and it shows.
@1126Evan
@1126Evan 2 жыл бұрын
very great n positive congress hearing
@user-pt4hm6od1h
@user-pt4hm6od1h 2 жыл бұрын
Fan!! I really appreciate your comments 🙂. Send me a direct message on our WhatsApp page for more guidelines and advise 👆👆..
@fredgallag6097
@fredgallag6097 2 жыл бұрын
what’s the best exchange to get all these coins????
@bobbygunz9254
@bobbygunz9254 2 жыл бұрын
@claradidi7573
@claradidi7573 2 жыл бұрын
some traders come into the market and try to predict moves. they trade what they want to see happen, but the good ones come into the market with zero expectations ready to observe and take actions when it’s time.
@jessicamoore3093
@jessicamoore3093 2 жыл бұрын
I
@chris-pj7rk
@chris-pj7rk 2 жыл бұрын
@@jessicamoore3093 this is nice, is it advisable to buy now, please how can i get to reach this coach?
@jessicamoore3093
@jessicamoore3093 2 жыл бұрын
@@chris-pj7rk look up the web to know what she does.
@rajib2k5
@rajib2k5 2 жыл бұрын
I enjoyed Mr. Brooks and Ms. Dixon's replies. They presented it very well. Total geeks! :)
@moneypots3037
@moneypots3037 2 жыл бұрын
Ms. Dixon was the worst
@darrentolley1068
@darrentolley1068 2 жыл бұрын
God, you crypto reps smashed it out of the park well done.
@tigerrx7
@tigerrx7 2 жыл бұрын
Allaire really fluffed that response on Stablecoins vs Digital dollar. This was an opportunity to show decision makers that consumers will be better off
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===+++
@FOREXanalysis-
@FOREXanalysis- 2 жыл бұрын
We all need to thank Mr. Brooks, the future of crypto relies on him.
@k.gischi
@k.gischi 2 жыл бұрын
damn right he was pure fire
@frankfromupstateny3796
@frankfromupstateny3796 2 жыл бұрын
Indeed,...but add: Michael Saylor, Simon Dixon, Cathy Woods, Musk, Kevin O'Leary, Stacy Herbert, Charles Hoskinson, Max Keiser, Lyn Alden, Raoul Pal, Charles Cascarilla, ....on and on and on....teach us all about world economics....the Elitist stealing and robbing of us all...over time with inflation and hidden taxes, etc. I'm tired of working for nothing. Who's watching El Salvador with "baited breath now"...besides the FEDERAL RESERVE? I am.
@victorc824
@victorc824 2 жыл бұрын
AOC: This is not a new finical system, it’s an expansion of an existing financial system. Person: I disagree.
@charlesatanasio1622
@charlesatanasio1622 2 жыл бұрын
Ngl- that brainlet being there at all makes me wonder what the game is. What are her handlers aiming for?
@optionvice8926
@optionvice8926 2 жыл бұрын
Its an expansion and something in the same time.. i think all of it can coexist... but honestly.. whats her end game in the begining she seemed she was for the people.. and grounded ...then she felt like only for LGBTQ and crazy left... now she shes for the banks?....
@michaelkim984
@michaelkim984 2 жыл бұрын
if you listened to the actual video you'd see AOC was asking *how the CEO would respond to someone who says* that it's not a new financial system. No clue why CNET decided to cut that out, it's clearly not how she asked it and makes people like you misunderstand the conversation.
@nagohnibor1967
@nagohnibor1967 2 жыл бұрын
AOC: "this isn't any different than the traditional financial system" Person: *explains exactly how it's different in every possible way* You: *posts this stupid comment*
@victorc824
@victorc824 2 жыл бұрын
@@charlesatanasio1622 this wasn’t meant to be so much an attack on AOC as much as it is a nod to the bullishness of btc and cryptocurrencies to completely subvert the traditional financial system and the governments are gonna be completely left behind.
@kevinmason7603
@kevinmason7603 2 жыл бұрын
I think the most profound thing about this discussion is that it's taking place between adversaries. Our got, along with most others are, by in large, owned by central banks. Current regulations, even in the U.S. limit class mobility. The democratization of access to money and opportunity is the antithesis of what the fiat system promotes. These are exciting times folks. So much to unpack in all of this. My hope is that we are able to maintain the momentum. The day that the crypto markets consitently act independent of fiat economic trends is when we can say we are seeing the tide turn from the fiat system.
@childishlenno5438
@childishlenno5438 2 жыл бұрын
Awesome! Let’s go crypto!
@cipi5
@cipi5 2 жыл бұрын
Crypto is the future. hopefully the government can adapt.
@SabhanKahlanBadhan
@SabhanKahlanBadhan 2 жыл бұрын
Until these guys understands, we’re all dead!
@CarlosGarcia-lj7xs
@CarlosGarcia-lj7xs 2 жыл бұрын
🤣🤣🤣
@shaelanderchauhan1963
@shaelanderchauhan1963 2 жыл бұрын
hahaahha
@deepharman2960
@deepharman2960 2 жыл бұрын
Mr brooks is brilliant, very intelligent gentleman.
@whatsap428
@whatsap428 2 жыл бұрын
Thanks for watching~~hit me up 👆👆 for guide or advice on how to invest in crypto.🏦..
@cryptoronindude
@cryptoronindude 2 жыл бұрын
They did amazing. Now let's get that clarity so we can move on to an amazing future. Rep. Talib is very very ignorant about proof of work and mining.
@aloha3615
@aloha3615 2 жыл бұрын
Answering the question from congress on negative consequences if congress takes a heavy handed approach to regulating crypto currencies, Mr Brooks states "one way to prevent people from potentially losing money in this volatile market would be to stop as many people as possible from accessing this amazing technology (for example the way the current legal regime works is that certain kinds of assets can only be purchased by accredited investors, meaning "rich people") so the only people who can get rich on this amazing new technology would be people who are already rich - that'd be one way to protect the everyday person from the potential to lose money." !!
@sandy2nuff
@sandy2nuff 2 жыл бұрын
I was surprised by that statement.
@Mikesco3
@Mikesco3 2 жыл бұрын
It was super clear and direct
@snapascrew
@snapascrew 2 жыл бұрын
Started laughing as soon as I saw AOC but the video was great and I learned a lot. 👍🏻
@kellydude
@kellydude 2 жыл бұрын
Mr. Torres was talking about XRP!!!
@danrayson
@danrayson 2 жыл бұрын
Didn't need Stellar shilling. Besides, that question showed a complete misunderstanding of the Bitcoin network and how it functions.
@ryandalusung
@ryandalusung 2 жыл бұрын
Dang, I'd never heard of Brian Brooks before this, but he knocked his responses out of the park.
@clintcowan9424
@clintcowan9424 2 жыл бұрын
The Brian Brooks highlight reel. Real nice
@goldencedi5016
@goldencedi5016 2 жыл бұрын
My man, a hunnet crypto grand! Tel'um Bob Sagat!
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===
@alexdempsey6044
@alexdempsey6044 2 жыл бұрын
How can we profit from this ? - Congress
@0xBerto
@0xBerto 2 жыл бұрын
I’ve watched the 5 hour version because Mr. Brooks 👏👏👏
@ryanpatrick4920
@ryanpatrick4920 2 жыл бұрын
Here some of the questions that should have been asked by competent Representatives: Why would the creator of a currency keep the first 1.1 million of it out of circulation; isn’t the purpose of currency to circulate, so that people can use the currency to buy goods and services or that it can accumulate transaction fees? What happens when BTC is hacked, lost, or simply forgotten about when a person dies intestate? How can crypto currencies hope to become useful when there are more kinds of crypto currencies in existence than there are vendors and merchants who actually accept crypto payments? Why should a buyer use a currency that can only be used in digital transactions, when a more stable fiat currency can be used in digital as well as in-person transactions?
@user-ly1og3ce5k
@user-ly1og3ce5k 2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button ① ⑤ ①⓪ ⑥ ③ ⓪ ⑦① ⑨ ⑤ For more info===+++
@optionvice8926
@optionvice8926 2 жыл бұрын
I think if crypto gets hacked will have other issue in hand.. pretty sure with the same tech theyd be able to hacl our banks..
@nagohnibor1967
@nagohnibor1967 2 жыл бұрын
These are stupid questions.
@OscarLindahlofficial
@OscarLindahlofficial 2 жыл бұрын
Bravo!!! Loved the examples given by Brian Brooks. Looking forward to the next steps for the next years!
@BlueMountainFilms1
@BlueMountainFilms1 2 жыл бұрын
Brian Brooks is one of my favorite crypto people 👌👌👌
@whatsap428
@whatsap428 2 жыл бұрын
Thanks for watching~~hit me up 👆👆 for guide or advice on how to invest in crypto
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