if your a layman..(eg non business etc) and your into saving money.....what better way than bitcoin....your not seriously suggesting putting/saving $$ in the bank and losing it to inflation?????........only a business type person is gonna buy shares , stocks etc etc.........please tell me a better way to save $50 a month???????
One minute this guy is saying "you may have noticed that Cryptocurrencies don't actually DO ANYTHING!" but then claims there will probably be a CBDC version that works. If blockchain isnt providing a product or service, why would the government have any use for it? Almost everything this guy says is a contradiction to what he has previously said. The funniest part is when he claims cryptocurrencies are the "past of money" and goes on to compare an apple with a dirtbike. Private money failed because it had a third party. There has never been a private money (nor government money) that is decntralized. Bitcoin is the worlds FIRST and most secure decntralized ledger ever created makes it worth something, right? To say that it is a worthless ponzi that doesnt do anything is foolish and ignorant.
@Noname-bg8sh miners are spread out across the globe, and no individual miner has any decision-making over the network. Anybody anywhere in the world can send value to anybody with an internet connection without having to ask permission. Nobody (not even the miners) can block that transaction. There is no authority that can pick and chooses which transaction can or can not take place. Would you consider that a third party? Lol.
@Noname-bg8sh miners are not centralized. They are spread out all over the globe and can be owned by anybody who chooses to participate. Anybody in the world can send value to anywhere in the world that has an internet connection. All transactions are permisionless (meaning there is no third party that can censor or block your payment). I wouldn't call that a third party lol.
@Noname-bg8sh you clearly haven't done your research. Miners are a network of computers spread out around the globe with no single person or entity controlling the network. Anybody is welcome to mine Bitcoin. With that being said, anybody in the world can send value to anywhere in the world as long as both parties have internet access. Nobody, not even the miners, can block or censor any transaction on the blockchain. It is truly permissionless... Would you call that a third party lol?
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
He's right to be sceptical of crypto but wrong about Bitcoin and virtues of the Federal reserve.
if your a layman..(eg non business etc) and your into saving money.....what better way than bitcoin....your not seriously suggesting putting/saving $$ in the bank and losing it to inflation?????........only a business type person is gonna buy shares , stocks etc etc.........please tell me a better way to save $50 a month???????
One minute this guy is saying "you may have noticed that Cryptocurrencies don't actually DO ANYTHING!" but then claims there will probably be a CBDC version that works. If blockchain isnt providing a product or service, why would the government have any use for it?
Almost everything this guy says is a contradiction to what he has previously said. The funniest part is when he claims cryptocurrencies are the "past of money" and goes on to compare an apple with a dirtbike. Private money failed because it had a third party. There has never been a private money (nor government money) that is decntralized.
Bitcoin is the worlds FIRST and most secure decntralized ledger ever created makes it worth something, right? To say that it is a worthless ponzi that doesnt do anything is foolish and ignorant.
Third Party? Like miners?
@Noname-bg8sh miners are spread out across the globe, and no individual miner has any decision-making over the network. Anybody anywhere in the world can send value to anybody with an internet connection without having to ask permission. Nobody (not even the miners) can block that transaction. There is no authority that can pick and chooses which transaction can or can not take place.
Would you consider that a third party? Lol.
@@kristophergertz9836 does it work without them, If the answer is NO, than a third Party is involved! I rest my Case! 🙃
@Noname-bg8sh miners are not centralized. They are spread out all over the globe and can be owned by anybody who chooses to participate.
Anybody in the world can send value to anywhere in the world that has an internet connection. All transactions are permisionless (meaning there is no third party that can censor or block your payment). I wouldn't call that a third party lol.
@Noname-bg8sh you clearly haven't done your research. Miners are a network of computers spread out around the globe with no single person or entity controlling the network. Anybody is welcome to mine Bitcoin.
With that being said, anybody in the world can send value to anywhere in the world as long as both parties have internet access. Nobody, not even the miners, can block or censor any transaction on the blockchain. It is truly permissionless...
Would you call that a third party lol?
*Promo sm* 😭
He mentions Stephen Diel, tje same Stephen that tried to launch a Blockchain company and failed.