@@Bryanhaproff You obviously aren't who this video was for, as you are a 5 year in true believer in this fairy tale. You get it's a scam, right? Like stocks, but with no intrinsic value other than what you can fool someone else into paying you for them.
@@michaelrunco5940 Only partly accurate. In Blockchain. Many are being used to serve a purpose. Like making sure your food is fresh at the supermarket. From farm to table... Its not all about Gambling. or the stock market . It is about the Future of WEB 3.0
Yea just like every other paper money we use that is worthless. Crypto is actually worth something, and safer than actual cash. I don’t have to depend on a bank for my money. I have full control over it.
I learned that lesson back in like 1995 with magic the gathering cards. Had a collection that was worth hundreds of dollars according to the magic the gathering magazines at the time, when I sold my collection to the gaming store I got like 60 bucks because that is what the gaming store was willing to pay. And this was before selling cards on the internet was a thing.
I thought this was funny, but mostly wrong. Crypto is useful for many things, and has many merits and demerits, such as follows; 1. Decentralized Means Funding things without relying on a system that is often abused. Such as the protesters on Africa recently, because the warlords there presured the government to shut them down and stole. Or when social media companies, payment processors and some banks all broke the law to steal from the journalist Julian Assange for being too honest it was inconvenient. Or when the same kind of things were done to censor others. Which is why China banned it, protesters there were using it to keep the government from just taking everything they owned, which they tried, so as to shut them up. Spoiler that didn't really stop them from using it, or owning it, it just made using it there illegal, thus harder. While it makes it harder for a tyrannical government to steal what you have. The downside is this does mean people are now using it for illegal transactions. However This isn't new, it's much like they did previously with prepaid cards, cash such as USD, gold, silver, diamonds, drugs, and so on. Criminals Don't deal in debit or credit cards that are not prepaid because too easy to track. 2. It is useful for sending money overseas. WU has a tendency to ban people who run legitimate businesses while allowing scamers from using their services due to incompetence. Banks also often restrict such transactions and make them hard or at times impossible. Crypto has no such issues, but that does also make it more risky if you are paying someone in it, given it also lacks the protections. 3. It is similar to stocks on how it operates. So, if the fluctuations are a problem then you shouldn't be doing crypto or the stock market for the same reasons. 4. It is true it uses a lot of electricity, but it also produces at least a bit more value than the cost of the electric in most places. Thus, it is very useful for decreasing the payback time of off grid solar, wind, biomass and so on. That is something you Don't have an option if you have a strictly off grid system as you can not sell your excess electric to the grid. This lowers the payback time to around half for off grid systems (so still 2 to 5 years). Off grid systems are cheaper than ongrid systems, and way cheaper than hybrid system that work both on and off grid. Furthermore, a strictly ongrid system don't actually work if the power goes out. The downside is there is a need for hardware that produces Crypto Thus increasing demand. If supply low and demand high, price go up. This isn't new, and isn't wholly due to Crypto no matter what you are taking about, including the price of graphics cards. It may be part of the reason regarding that specific hardware, but it is far from the only reason, it isn't even the main reason. If people haven't noticed, America has been having serious shortages on everything on and off for 4 to 5 years. We had to do a nearly nation wide rassioning of, ketchup packets, meats, hand sanitizer, toilet paper, gasoline, so on in just the past 4 years. More than once for some of these things. I guess those shortages must also be Crypto too then, right? Clearly, you need chicken and ketchup for building a computer, not sure where you would install food in a computer though. 5. Crypto currency is useful for having a diversified finance portfolio, as they are not nation specific. When China, Russia and so on stock market is doing with it tends that America isn't and reverse too, this is due to competition and isn't generally major. Thus, people who have the money to diversify investments buy stocks in more than one nations companies, keep more than one currency, gold/silver, houses, and now Crypto. This way if there is a crash or mass inflation like currently in America, early 2000's in America, 1960's in America, the American prohibition, and the Great depression. Then you likely are less effected even if you are still effected. Mainly by the merit of diversifying you holdings/savings. More options for that means potentially safer. This isn't new, only Crypto is new, and that just means 1 more option for diversifying. 6. That decentralized thing, also means it doesn't have the risk that if banks go under, money gone, now you are broke. Which is a huge part of what caused the great depression, and the early 2000's recession. The only option the government had was bail out the failing banks at everyone else's expense. All because the banks made very bad business decisions and went broke. In short, bank do well, bank make money. Bank do bad, you pay for their failures, then economic system have big issues. Mainly because the other option is bank do bad, bank broke, then everyone who has account in bank, now have $0 in bank. The merit is the same risks don't exist. Assuming the government eventually chooses not to, or can not afford to, bail out the banks when they lose your money. The downside to this is you Don't have the same protections with your money. Also, if you haven't noticed we can have 800% inflation in 4 to 6 years if things get really bad. Meaning what was $1, 4 to 6 years ago can cost $8 today. Which makes the USD itself not as stable as was insinuated in this video. Mainly, given the money of America isn't backed by anything, so is nothing but an IOU issued by the American government. Thus, the USD is more stable than Crypto from a value perspective. However, far less stable than this video suggests, as has been proven clearly in the past few years, for the 9th time in American history. However, if America goes under for any reason, USD worth 0. Crypto can't go under due to decentralization, so at worst, Crypto worth slightly more than 0. So, Crypto has a above 0 cap, that the USD doesn't have, but it is less stable than the USD, much like the stock market. 7. There are countless Crypto wallets that are just like banks regarding password recovery. So, you can choose one that has no more risk, of that being an issue, than nearly 80% of all banks given the lack of brick and mortar locations. Just chose carefully and do your research first. Investing in anything before doing proper research is a bad idea. Isn't that how most people deal with most financial discussions, or am I the only one? 8. Not all Crypto even involves hardware to acquire. So, a graphics card isn't even necessary in some cases. For example; BAT is produced via the brave browser by the adds you watch. Brave browser is a browser with a built in ad blocker. So, you can choose to see no ads, normal ads, BAT producing ads, or Normal ads and BAT producing ads. Company pays Brave money to show ads to you. Brave gives you a part of that money in BAT for watching the ad. Another example; XYZ is from the coin app, and is much the same, they show you ads but also geolocate you giving bonuses for visiting stores, and taking surveys. They are a bit more sketchy/stingy than Brave, and the value of XYZ isn't much more than BAT. In both of these cases you won't make much, but you do make something with time. In 6 months between the 2 I made around $25. It isn't much, but it is at Least a dinner. Given I didn't need any specialized hardware, didn't use any more electricity than normal, and didn't really change my routine/actions in any real way. I would say $25 in 6 months, just for having an app on my phone that I basically never look at, and just using a Chrome like browser, instead of normal Chrome, is pretty decent. -- I guess what I am saying is everything including crypto has it's merits and demerits. However, I must say that this video, while funny, did seriously miss the mark. It seems that he did at best, minimumal research, before making this video.
"a subsection of the internet that has strong opinions on age of consent laws" made me crack 😂 Edit: it seems like bots have found my comment. "Marcia Ann Bice" is not a real crypto guru.
"just because something was created for a specific purpose, doenst mean it cant be co-opted for an orobosian cycle of raw capitalism that recycles real resources into planetary waste, for the sake of ever more ephereal noncreations that only exists as mirages in our minds" is a hell of a fucking sentence. bravo writers!! (and roger)
@@huehuecoyotl2 I can't tell if that's ironic but anyway it's cause people are treating crypto all wrong. When they say it's an investment it's like saying you are investing in the euro or the yuan. Yes it's more volatile but only because it's not tied to one government's treasury and the fact people treat it like it's a stock (when it shouldn't be)
@@xenonsan3110 yes! And also because we're still fairly early in the adoption process, so a few billionaires can have a huge effect on the market just because they're the only major players.
My portfolio comprises of three major markets, and Marcia Ann Bice is the investment advisor that guides me, she's well renowned, most likely the internet is where to find out about her.
@oliveradams5030 A good profit. A good profit at what. What can I possibly buy with cryptocurrency? A new home, a new car. Can I buy new clothes? How about an escort for the night. Can I exchange it for a different currency? Or does it just looks good in hyperspace. Mr. Oliver Adams, you're either a hustler or a con.
We are 100% gonna get crypto bots hocking their currencies in here (and probably crypto ads before and after the video), and I'm just going to leave them. It's part of the experience. I'm so meta.
At first I was gonna say I'm fairly sure the word is "hawking" but because I'm terrified of criticism from random internet strangers, I googled "hocking" and this is in fact a correct usage of it. New achievement: vocabulary +1
My portfolio comprises of three major markets, and Marcia Ann Bice is the investment advisor that guides me, she's well renowned, most likely the internet is where to find out about her.
Roger is a youtube legend , With no intentions of undermine your effort, but these are all predictions and does not require guarantee growth from $35k -80k in few months , i have about $41k set asides to invest and i could appreciate quality investment advice
With the current uncertainties in the market , investing solely based on prediction would be a fools errand , i personally had to get in touch with a coach to better navigate the market
Well i got in touch with my coach April , and through her guidance , ive seen steady growth from $5k to approximately $38k . its been straightforward asnd simple , not as difficult as it used to be
I've gone through the last few years thinking that Roger had passed away, really happy to see that he's alive and well, and happily scamming people out of their hard earned cash.
That's not Roger. Roger was digitized into a blockchain and is now an NFT I own. Bought him from a dude on Reddit so I know it's legit. You're welcome.
There is alot of scams in all of new things, not only crypto or nft, but i agree with you. However this video is making crypto look like total scam and bs, which is not obviously. Its people money, which have alot of cons compared to real world money, and its value will only increase, because bitcoin is not inflationary, unlike the dollar, which in far future will be worth like venezuela currency, which is cheaper than actual paper
"A subsection of the internet with strong opinions on the age of consent" may be the funniest thing I've heard. Once you understand who you're dealing with on the internet everything starts to make sense
@@irlshrek Libertarians love crypto cause the evil state and taxes etc. The point is a lot of libertarians have.... well strong opinions on age of consent laws and laws in general. Its the crowd of "dont tread on me" larpers
"Just because a product is created for a specific purpose, doesn't mean it can't be coopted for an ouroborosian cycle of raw capitalism that recycles real resources into planetary waste for the sake of ever-more ethereal non-creations that only exist as mirages in our minds." This may be the best sentence written for UA-cam of all time. *chef's kiss*
Whatever happens in the real world, we must appease the holy line which represents an abstract indirect measure of how rich investors are feeling. “Go up !” economists said “Go up !”
@@danfr The stock market is somewhat bullshitty but stocks are based on actual physical companies that sell actual physical products, unlike crypto currencies which are based on vapor.
If you bought btc at the start of the Rona crash, you're still up 300% today, even with the four year halving correction. Meanwhile, your cash savings are on fire in the wind.
@@roberteischen4170 Pentagon should launch a sneak attack of 500 hydrogen bomb on mainland China and Russia , send both of them along with their other communist buddy to the core of the 🌎 earth.... Then blame it on Dr. Manhattan....
@Brian Mitchell Earth 2's Land doesn't count If you have so much money like you claim then buy a Ferrari and destroy it in a Video Because this is what real rich people do Destroy very expensive cars
Re: NFTs Back in my long-ago youth, the silliest example of how anything, including _nothing,_ can be commodified was the "Pet Rock". But at least with that, you got a rock.
@@vikiai4241 Even then, if useful materials were abundant but not consumable, they wouldn't be precious at all. Part of it is that we're programmed to seek out scarcity and rarity. Hell, shiny pokemon is one of the best examples of an absolutely worthless difference having perceived higher value.
Had a friend last year telling me " Bitcoin is going to make many Billionaires and go up to $150,000"...That was when it was up to $68K record high It actually went down $50,000 and I asked him what happen what happened...he said no comment lol
See that’s why when you say it’s going to $150k you gotta specify it may not be for a few more cycles n it may also fall completely flat before than but if not it’s pretty likely still
he bought into it way late. It did make billionaires. The ones who bough bitcoin at 0.008 > in the late 2000's and early 10's are the billionaires lmao.
It's a pyramid scheme. All the celebs telling you to buy "got it" for less than $10. It's awesome (for them) to buy a thousand imaginary coins and resell them for hundreds of times what they paid for. The growth only means convincing sillier people in. 😳 "hey buy my $1 baseball card for a milion" kind of thing
I will tell you a secret. Cryptocoins have always been the plaything of a small group of nerds. And they became popular only in 2011, when this payment method was noticed by the international drug mafia. The drug mafia made cryptocurrencies popular, and they began to grow in price. Well, when something grows in price, so quickly, then everyone who is not lazy jumps into this train. The explosive growth of cartels, and the increase in violence in Mexico in 2011-14, is also related to this. With the fact that the drug mafia received an important tool, 1) to launder money 2) to receive payments that are difficult to trace. What was a toy for nerds has become a tool for criminals. Just google the level of violence that was going on in Mexico in the 10s. And not only in Mexico. With such a tool as dЕcentralised tor payments, the drug mafia will acquire a level of power that even Escobar could not dream of.🤣 Welcome to Cyberpunk.
The price of it that other people are willing to buy it in the marketplace by no means validates it as a currency, or even an investment. It just means that more people are willing to trade their money (US dollars, euros, take your pic) for it, and currently perceive the value (in US dollars to be clear) will go up in the future. It’s all about the timing.
@@leepreece813 it’s used extensively in electronics do to its unique physical and chemical properties and scarcity. It doesn’t rust or tarnish like other metals and has strong religious associations in certain religions.
Dollar is worth less than a toilet paper soon. It’s printed to oblivion, it’s outdated, has less use cases than a toilet paper, ruins environment cause you have to cut down trees to print this fake money.
The funniest part was when everyone behind the camera freaked out when he said something disparaging about China. 🤣 A commentary on the strange amount of influence China has.
@ph34r inovade ... No. Just block content in their country, causing their billions of citizens to have to workaround to access it, if that's even an option for them, if they're even willing to, if they even care about that particular piece of western content in the first place... Okay, but the fact of the mater is, China is huge. And more than a bit dictatorial, and sensitive. So... Big business that's easy to piss off.
@@userre85 many companies go out of their way to appease China these days because they want that Beijing money. China is a very sensitive regime, they are communists afterall, so if you criticize them in any way, they are likely to ban your stuff. Hence why it cut to people running towards him screaming 'no no no no' and then went to the technical difficulties screen.
@@userre85 China is ruled by a non-democratic totalitarian regime that will go to extreme lengths to keep control over their country. They can and do impose a variety of restrictions that would be ridiculous by USA or European standards. This includes things that could affect the opinion of the Chinese public, for example social media has to have features that allow the government to censor things. China has a extremely rapidly growing economy with over a Billion (with a capital B) potential customers. So many companies are very desperate to be on the good side of the Chinese government. Getting the approval of that government can mean a massive amount of money but approval can be easily lost. So when somebody says that insults China or the Chinese government others panic.
@@maximusaralieous1728 While they are still unapologetically totalitarian China is not communist. They transitioned away from proper communism/socialism after the death of Mao Zedong, partly because Mao Zedong's rule featured so many economic disasters and famines. Their economic boom features many mega-corporations and billionaires and very little state owned business. The government can still control businesses however they want, and certain companies became rich because of government help, but most of the time chinese mega-corporations behave exactly like mega-corporations in other countries.
"Just because a product is created for a specific purpose, it doesn't mean it can't be coopted for an ouroborosian cycle of raw capitalism that recycles real resources into planetary waste for the sake of ever more ethereal non creations that only exist as mirages in our minds." I literally have to come back to this video every now and then to hear this masterpiece of a sentence that sums up pretty much our entire current human existence.
The problem there is, your college degree might, statistically speaking, be useful. Divide what tube rubles can buy with what they can't and it approaches zero.
If I'd gotten it at exactly the right time I'd have had a lot more casual sex in my lifetime, and also I'd have become some sort of teacher out of desperation.
@@BurningAzure Yeah. If you look at the prompter as the film crew is approaching Roger from the side the line is “…a goofball country bans it” but “like China” was not written anywhere. It picks up as scripted after the technical difficulties screen. Edit: Quote from script more accurately reflected
I'm going to assume the omission of "china" on the prompter is part of the script in itself. I say this not to spoil the illusion, but to applaud the quality of the production on these videos. Little details like that really are going the extra mile.
@@boejiden You'd be waiting forever if you think bitcoin is an investment that will outperform the S&P over the next 10 years. Bitcoin might plummet or it might move mostly sideways over the next 10 years, but there's no underlying company that is growing profits organically. It's a pure gamble because you hope the next person will pay you more for your bitcoin than you did.
@@boejidenit will, and then rise, and then fall, and then rise and then fall and it'll keep on doing this until the dollar is gone. Any ideas when that might be?
as a tech guy i understand blockchain and never thought it would rise so high. technically its not really that great. but psychologically and socially it became very important for some reason and established itself as "digital gold". but then again there is no reason why gold should be so expensive... we just make it so
@@RunBayou but it isn't. It's inefficient and not suited for 95% of the applications people try to shoehorn it into. Most products that claim they use blockchain don't really use blockchain because it would be a terrible choice for what they're trying to do. Even with financials, you don't really get a ledger of every transaction because of how the exchanges operate.
@@jetfirexx Having a 100% secure ledger with the only 'downside' that it has to stay sufficiently decentralized is a pretty damn good tool to sovle some specific modern problems. And defi is transitioning to proof-of-stake which is far more efficient. But indeed too many things are shoehorned into it, it's becoming hilarious.
Personally i don't really care about blockchain, all i care about it that it's fairly stable because big banks have invested in it, but it's also volatile so i can buy and sell the highs and dips.... i made a lot of money :D
As someone who had an official cryptocurrency some years ago, i must say this is very accurate. Most of the people are unaware that most of the coins purpose is to solve a "problem" that isnt really a problem. Just a modern ponzi scheme but with a lot of psychology involved to manipulate (potential) investors.
@@MbisonBalrog Basically the math is just to slow down adding too the chain. If there wasnt a speed limit a malicious actor could reorder the chain to enable spending they dont actually have, but to do so youd have to recalculate the hashes for all the blocks after whatever block you dont have, the math is what prevents you from doing so quickly.
@@MbisonBalrog yep proof-of-work (the math) was one of the 3 defining pieces of bitcoin that made cryptocurrency possible, it is literally the crypto part of the name. Of course we have newer systems that are slightly weaker but overall have the same end result such as proof of stake and a few others i don't have experience myself with. Ironically the energy use complaints of Proof of work have been proven to be falsehoods, the current banking system and archnet system used in the US is per transaction about 2000x more energy use for the same number of transactions as bitcoin (and bitcoin is the biggest energy user of cryptocurrency) Not to mention 56% of crypto is powered by renewable energy since miners (the people making money off doing the math) are incentivized to find the best energy solutions, hydro has been popular since they can also use the water infrastructure for cooling the equipment.
Honestly if the government collapses peeps that have medical training and those that have backyard gardens are going to be on the top of the financial gains ladder. Definitely not cryptocurrencies that will depend on people remembering passwords from 15 years ago and electricity.
Yeah medical knowledge and farming will be financially gainful, if we forget the proceeding reduction of everyone to destitution the immeasurable blip at the end due to hard work and endless study will make it all worth while to get to be happily well fed in the cannibalistic apocalypse. :)
Argentina had real collapse and when the power went out people were able to transact with bitcoin on mobile network that had backup power. When the power is on they mine cryptos to feed their families.
@@CorpseCallosum how many people? Everyone in Argentina? Or the 5 people in the entire country who actually understand how it's supposed to work, AND had backup power on their mobile networks? Sighting statistics of the 1000th of 1% that made it work for themselves is no ringing endorsement for the societal viability of unicorn fairy dust money.
A friend of mine was mining bitcoin when it was less than 20 bucks / coin. He had a LOT on a custodial wallet, and ended up wiping the wrong hard drive - BOOM! No more bitcoin for you! He'd be a millionaire right now, but no...
That understanding block chains joke was right on the money. I was in a digital forensics class a while back and no one could really make head or tails of it without looking it up. Even when we got it, most of us were still scratching our heads.
I mean I think a lot of people understand it in theory... but what's the actual purpose? it's just a lot of stuff in the background to do whole lot of nothing
@@neurofiedyamato8763 And to add, all the while consuming our precious electricity mining it, and also that same group of people investing in these... things... are making promise to curb the climate change lmfao.
@@neurofiedyamato8763 purpose? having digital money that cant be tracked or handled or monitored by middle men. It was the money for people who didn't trust having someone follow their money trail. (at least that was my take back when i learned about it.) Problem is it's SUPER volatile, and if you're the type to pay it too much attention, it's nerve wracking.
@@502jackal and it still can be tracked and monitored, partly thanks to those easily hacked exchanges. We've already seen evidence of this with the arrest of those people who hacked an exchange
@@InfernosReaper While most cryptocurrencies are only pseudonymous and trackable (Bitcoin, Ethereum, etc.), there are some, that are anonymous (Monero) Also the exchanges, that market cryptocurrencies as a "get rich fast" scheme are maybe the worst thing that happened to crypto.
I’m willing to admit, I felt that I was investing in something huge. “Mining” and “Staking” were the buzzwords that got me. As I watch this, I can’t help but laugh.
Man with all the increasing perversion of finances and uncertainty in the world we all are vulnerable to people and things that say they are the salvation. :/
@@zzFishstick which is ironic since he was calling himself the Dogefather, and his appearance tanked Dogecoin's value. I wouldn't be surprised if he profited off of Doge's loss.
@@garou12 oh too true. He became the richest man in the world during a time that we were all locked indoors and nobody could buy his electric cars. Dude is gaming the market hard.
@@romxxii people buy the news. Of course it’s gonna tank when the actual event that propped it up is happening, particularly if said event isn’t as benefiting/positive as many thought it would be. You have to be a complete moron to not make money on crypto within the last year. Shame so many are too emotional when investing, fomo into shit coins they don’t understand, panic sell at the slightest sign of distress, and then when they lose their money they want to go and blame crypto as a whole for their greed and/or incompetence.
Alright roger’s back. Hey, when is Roger Gonna get his own TV show? We need more of him in this stressful world we live in. Honestly if we could clone roger so cracked can keep uploading more if ____ was honest and allow the REAL roger to rest we would.
@@ImFromIowa Meaning most serialized shows are shared through the internet now, at least most that are worthy and interesting. Every fridge has its own original streaming show. So Roger kind of has his own series already - this one. Also, a lot of anything isn't going to make it better, but will make you feel like it's worse, because of how our perception works. 3 hour Roger shows every day, and you won't even watch them, will get tired and numb.
Don't lie. your not a blockchain developer or not a very good one. Most of what he said was a huge over generalisation and not what most proper crypto requires or is about.
@@phillipjiang1593 replied twice YT deletes them. Just look up proof of stake vs proof of work and proof of authority. Most of this video only applies to the crap coins.
I don't always agree with Warren Buffett, but I agree when he says he won't invest in something he doesn't understand. I've avoided crypto for that reason.
"Pretending to understand block chain is simple."
I'm done.
Why pretend? You could spend the next few years of your life STUDYING!!! Or you could just PRETEND. And be exactly where you are now. A pretender.
@@Bryanhaproff You obviously aren't who this video was for, as you are a 5 year in true believer in this fairy tale. You get it's a scam, right? Like stocks, but with no intrinsic value other than what you can fool someone else into paying you for them.
@@michaelrunco5940 Only partly accurate. In Blockchain. Many are being used to serve a purpose. Like making sure your food is fresh at the supermarket. From farm to table... Its not all about Gambling. or the stock market . It is about the Future of WEB 3.0
@@Bryanhaproff how exactly is mining imaginary blocks keeping farm to table foods growing?
....and Mars is flat.
"Bitcoins are worth a fortune!"
"To whom?"
"To People who are willing to pay a fortune for Bitcoin!"
It’s the same as diamonds, actually worthless, but clever marketing and control of stock has lead to the belief that they’re expensive
Yea just like every other paper money we use that is worthless. Crypto is actually worth something, and safer than actual cash. I don’t have to depend on a bank for my money. I have full control over it.
Except for when the next Carrington solar event wipes out the internet completely.
I learned that lesson back in like 1995 with magic the gathering cards. Had a collection that was worth hundreds of dollars according to the magic the gathering magazines at the time, when I sold my collection to the gaming store I got like 60 bucks because that is what the gaming store was willing to pay. And this was before selling cards on the internet was a thing.
@@EmeraldEyesEsoteric 👍😆
Roger's savageness never let's me down. That "Always has been." made it for me.
He's a good, strong man haha
@@cracked I couldn't agree more
Integrating that meme was a stroke of genius.
@@cracked he always has been
I thought this was funny, but mostly wrong.
Crypto is useful for many things, and has many merits and demerits, such as follows;
1. Decentralized Means Funding things without relying on a system that is often abused.
Such as the protesters on Africa recently, because the warlords there presured the government to shut them down and stole.
Or when social media companies, payment processors and some banks all broke the law to steal from the journalist Julian Assange for being too honest it was inconvenient.
Or when the same kind of things were done to censor others.
Which is why China banned it, protesters there were using it to keep the government from just taking everything they owned, which they tried, so as to shut them up.
Spoiler that didn't really stop them from using it, or owning it, it just made using it there illegal, thus harder.
While it makes it harder for a tyrannical government to steal what you have.
The downside is this does mean people are now using it for illegal transactions.
However This isn't new, it's much like they did previously with prepaid cards, cash such as USD, gold, silver, diamonds, drugs, and so on.
Criminals Don't deal in debit or credit cards that are not prepaid because too easy to track.
2. It is useful for sending money overseas.
WU has a tendency to ban people who run legitimate businesses while allowing scamers from using their services due to incompetence.
Banks also often restrict such transactions and make them hard or at times impossible.
Crypto has no such issues, but that does also make it more risky if you are paying someone in it, given it also lacks the protections.
3. It is similar to stocks on how it operates.
So, if the fluctuations are a problem then you shouldn't be doing crypto or the stock market for the same reasons.
4. It is true it uses a lot of electricity, but it also produces at least a bit more value than the cost of the electric in most places.
Thus, it is very useful for decreasing the payback time of off grid solar, wind, biomass and so on.
That is something you Don't have an option if you have a strictly off grid system as you can not sell your excess electric to the grid.
This lowers the payback time to around half for off grid systems (so still 2 to 5 years).
Off grid systems are cheaper than ongrid systems, and way cheaper than hybrid system that work both on and off grid.
Furthermore, a strictly ongrid system don't actually work if the power goes out.
The downside is there is a need for hardware that produces Crypto Thus increasing demand.
If supply low and demand high, price go up.
This isn't new, and isn't wholly due to Crypto no matter what you are taking about, including the price of graphics cards.
It may be part of the reason regarding that specific hardware, but it is far from the only reason, it isn't even the main reason.
If people haven't noticed, America has been having serious shortages on everything on and off for 4 to 5 years.
We had to do a nearly nation wide rassioning of, ketchup packets, meats, hand sanitizer, toilet paper, gasoline, so on in just the past 4 years.
More than once for some of these things.
I guess those shortages must also be Crypto too then, right?
Clearly, you need chicken and ketchup for building a computer, not sure where you would install food in a computer though.
5. Crypto currency is useful for having a diversified finance portfolio, as they are not nation specific.
When China, Russia and so on stock market is doing with it tends that America isn't and reverse too, this is due to competition and isn't generally major.
Thus, people who have the money to diversify investments buy stocks in more than one nations companies, keep more than one currency, gold/silver, houses, and now Crypto.
This way if there is a crash or mass inflation like currently in America, early 2000's in America, 1960's in America, the American prohibition, and the Great depression.
Then you likely are less effected even if you are still effected.
Mainly by the merit of diversifying you holdings/savings.
More options for that means potentially safer.
This isn't new, only Crypto is new, and that just means 1 more option for diversifying.
6. That decentralized thing, also means it doesn't have the risk that if banks go under, money gone, now you are broke.
Which is a huge part of what caused the great depression, and the early 2000's recession.
The only option the government had was bail out the failing banks at everyone else's expense.
All because the banks made very bad business decisions and went broke.
In short, bank do well, bank make money.
Bank do bad, you pay for their failures, then economic system have big issues.
Mainly because the other option is bank do bad, bank broke, then everyone who has account in bank, now have $0 in bank.
The merit is the same risks don't exist.
Assuming the government eventually chooses not to, or can not afford to, bail out the banks when they lose your money.
The downside to this is you Don't have the same protections with your money.
Also, if you haven't noticed we can have 800% inflation in 4 to 6 years if things get really bad.
Meaning what was $1, 4 to 6 years ago can cost $8 today.
Which makes the USD itself not as stable as was insinuated in this video.
Mainly, given the money of America isn't backed by anything, so is nothing but an IOU issued by the American government.
Thus, the USD is more stable than Crypto from a value perspective.
However, far less stable than this video suggests, as has been proven clearly in the past few years, for the 9th time in American history.
However, if America goes under for any reason, USD worth 0.
Crypto can't go under due to decentralization, so at worst, Crypto worth slightly more than 0.
So, Crypto has a above 0 cap, that the USD doesn't have, but it is less stable than the USD, much like the stock market.
7. There are countless Crypto wallets that are just like banks regarding password recovery.
So, you can choose one that has no more risk, of that being an issue, than nearly 80% of all banks given the lack of brick and mortar locations.
Just chose carefully and do your research first.
Investing in anything before doing proper research is a bad idea.
Isn't that how most people deal with most financial discussions, or am I the only one?
8. Not all Crypto even involves hardware to acquire.
So, a graphics card isn't even necessary in some cases.
For example; BAT is produced via the brave browser by the adds you watch.
Brave browser is a browser with a built in ad blocker.
So, you can choose to see no ads, normal ads, BAT producing ads, or
Normal ads and BAT producing ads.
Company pays Brave money to show ads to you.
Brave gives you a part of that money in BAT for watching the ad.
Another example; XYZ is from the coin app, and is much the same, they show you ads but also geolocate you giving bonuses for visiting stores, and taking surveys.
They are a bit more sketchy/stingy than Brave, and the value of XYZ isn't much more than BAT.
In both of these cases you won't make much, but you do make something with time.
In 6 months between the 2 I made around $25.
It isn't much, but it is at Least a dinner.
Given I didn't need any specialized hardware, didn't use any more electricity than normal, and didn't really change my routine/actions in any real way.
I would say $25 in 6 months, just for having an app on my phone that I basically never look at, and just using a Chrome like browser, instead of normal Chrome, is pretty decent.
--
I guess what I am saying is everything including crypto has it's merits and demerits.
However, I must say that this video, while funny, did seriously miss the mark.
It seems that he did at best, minimumal research, before making this video.
"a subsection of the internet that has strong opinions on age of consent laws"
made me crack 😂
Edit: it seems like bots have found my comment. "Marcia Ann Bice" is not a real crypto guru.
Same
But if you like Bitcoin but don't like under age girl. What iam?
Rogers is best
that is a timeless line
..Andrew Tate Enters the Room..
The production team freaking out when he calls China a goofball country is hilarious 😂
Yet banning it it's the least goofball thing they could do
Show me the lie!
I repeated that part like 4 times 😂😂
I could hear the social credit score plummet as fast as rogercoin's value
3:27
“Bitcoin price keeps increasing exponentially”
Me: *buys bitcoin*
Bitcoin: well now I’m not doing it
Haha that's basically it
Just hold it for a little longer, it will more than likely go up from where you bought it. you don't lose money unless you sell.
@@christherk9296 by that logic you lost money the second you bought into crypto, and only earn or make back anything when you sell
👏👏👏👏👁👏👁👏😂👁
@@cracked Is it one of those pyramid selling schemes? I still don't understand, just thick.
"Heroin and feet pics, mostly." 😂😂😂
Sounds like a good investment.
I scrolled down and saw this the exact moment he said that
Feet pics. Lol
Sold!
what else do you need?
"HEROIN and FEET PICS" LMAO
Bro you described the whole deep web in 4 words lmao.
😂😂😂
"More vaporous than a ghost fart"
- Roger Horton, 2021
"just because something was created for a specific purpose, doenst mean it cant be co-opted for an orobosian cycle of raw capitalism that recycles real resources into planetary waste, for the sake of ever more ephereal noncreations that only exists as mirages in our minds"
is a hell of a fucking sentence. bravo writers!!
(and roger)
Mark crushed this script
@@cracked no doubt. 100% crushed
@@cracked Who the f*ck is Mark
Roger's smug smile at the end says "yeah, I just nailed that delivery."
Roger has that certain something to carry off the scripts.
“What can I buy with it?”
“Heroin and feet pics mostly” 😂😂😂😂
🤣🤣
AMC theaters are going to start accepting a few cryptocurrencies in December!
@@LincolnDWard But why would anybody spend it on anything consumer item? It's for hording or evading.
@@huehuecoyotl2 I can't tell if that's ironic but anyway it's cause people are treating crypto all wrong. When they say it's an investment it's like saying you are investing in the euro or the yuan. Yes it's more volatile but only because it's not tied to one government's treasury and the fact people treat it like it's a stock (when it shouldn't be)
@@xenonsan3110 yes! And also because we're still fairly early in the adoption process, so a few billionaires can have a huge effect on the market just because they're the only major players.
When i don't understand something in life, I come here and let Roger explain it to me!😊
Isn't he the best😂?
@Paradox1A9B2w7 More like comical gross exaggerations. But it's not supposed to be the news or anything.
Ain't that the truth 😏
My portfolio comprises of three major markets, and Marcia Ann Bice is the investment advisor that guides me, she's well renowned, most likely the internet is where to find out about her.
@oliveradams5030
A good profit. A good profit at what. What can I possibly buy with cryptocurrency? A new home, a new car. Can I buy new clothes? How about an escort for the night. Can I exchange it for a different currency? Or does it just looks good in hyperspace.
Mr. Oliver Adams, you're either a hustler or a con.
"Pretending to understand the blockchain is simple"
Even the authors are master of this 😂
We are 100% gonna get crypto bots hocking their currencies in here (and probably crypto ads before and after the video), and I'm just going to leave them. It's part of the experience. I'm so meta.
Yup, I was looking for the whatsapp number. LOL. Please do a video on "If Timeshare companies were honest"
Part of the video lmao! I love it!!
Yes you are.
At first I was gonna say I'm fairly sure the word is "hawking" but because I'm terrified of criticism from random internet strangers, I googled "hocking" and this is in fact a correct usage of it.
New achievement: vocabulary +1
First add I got after watching the video was one of the 'You can earn millions working from home!' videos!
Would love to see a video on Army Recruitment, just to see roger dress up as a drill instructor and call us maggots
I think he did make one years ago
Yushu Thomas and A Combat Veteran have vids that are comedy gold
you don't need to tell us your fantasies, Bun
I'm sure they lured you in with a dodge charger
More like your momma don't love you, we're you born special or did you fall really hard🤣🤣🤣those I did hear
I would never have expected someone so old to be so meme savy tbh. Hats off to this legend
he always has been *Shoots you while you stare at the earth*
You're aware of what a SCRIPT is?
@@JustinKoenigSilica hes really good at acting that he understands what he says then?
@@venomx9973maybe the team explains the memes to him and he himself is prolly very aware of the situation.
My portfolio comprises of three major markets, and Marcia Ann Bice is the investment advisor that guides me, she's well renowned, most likely the internet is where to find out about her.
“Always has been” was NOT a meme I expected Cracked to bust out. Brava, brava~
Yeah caught me off guard and got a decent chuckle out of it
*Bravo
@Против Глобал Estás más perdido que gaviota en Bolivia si crees que eso es italiano...
That “Always has been” moment at the end killed me. 🤣
killed jordan too
Roger is a youtube legend , With no intentions of undermine your effort, but these are all predictions and does not require guarantee growth from $35k -80k in few months , i have about $41k set asides to invest and i could appreciate quality investment advice
You are better of getting in touch with a real time coach or professional .
With the current uncertainties in the market , investing solely based on prediction would be a fools errand , i personally had to get in touch with a coach to better navigate the market
Well i got in touch with my coach April , and through her guidance , ive seen steady growth from $5k to approximately $38k . its been straightforward asnd simple , not as difficult as it used to be
I've gone through the last few years thinking that Roger had passed away, really happy to see that he's alive and well, and happily scamming people out of their hard earned cash.
I was really missing him.
Good thing hes been around more often now
Same here!
Same
That's not Roger. Roger was digitized into a blockchain and is now an NFT I own. Bought him from a dude on Reddit so I know it's legit. You're welcome.
"... an investment more vaporous than a ghost fart ..."
🤣🤣🤣 The perfect overview of horrible cryptocurrency and NFT scams.
There is alot of scams in all of new things, not only crypto or nft, but i agree with you. However this video is making crypto look like total scam and bs, which is not obviously. Its people money, which have alot of cons compared to real world money, and its value will only increase, because bitcoin is not inflationary, unlike the dollar, which in far future will be worth like venezuela currency, which is cheaper than actual paper
Seems Blackrock and all those other multi billion dollar investment firms now buying up Bitcoin and Ethereum have been scammed big time.
"A subsection of the internet with strong opinions on the age of consent" may be the funniest thing I've heard. Once you understand who you're dealing with on the internet everything starts to make sense
No one can understand the entire Internet (actually, the World Wide Web is the content, the Internet is the data network itself).
Yeah, I lost it at that line.
Yeah I'm going to have to start using that one
Can you fill me in?
@@irlshrek Libertarians love crypto cause the evil state and taxes etc. The point is a lot of libertarians have.... well strong opinions on age of consent laws and laws in general. Its the crowd of "dont tread on me" larpers
"Just because a product is created for a specific purpose, doesn't mean it can't be coopted for an ouroborosian cycle of raw capitalism that recycles real resources into planetary waste for the sake of ever-more ethereal non-creations that only exist as mirages in our minds."
This may be the best sentence written for UA-cam of all time. *chef's kiss*
Definitely not wrong. Also seems like you could describe the stock market the same way.
Welcome to capitalism! :D
Whatever happens in the real world, we must appease the holy line which represents an abstract indirect measure of how rich investors are feeling.
“Go up !” economists said “Go up !”
Glad someone transcribed it - thanks! Going to have to get it on a shirt or something.
@@danfr The stock market is somewhat bullshitty but stocks are based on actual physical companies that sell actual physical products, unlike crypto currencies which are based on vapor.
"a subsection of the internet that has strong opinion on age of consent law" That was too real.
In crypto over 5 yrs. that was a meaningless fucking statement
@@Bryanhaproff By "too real" I mostly just mean its a statement that my own biases have predispose me to think is true XD
who is this subsection anyways?
@@phillipjiang1593 The people on the dark net that uses crypto to buy stuff.
@@Bryanhaproff
You're all over the comments simply expressing how easily offended and overly sensitive you are
It's amazing how well this video aged
Haha RIGHT!?
Like Gouda cheese.
@@richardarriaga6271 haha
If you bought btc at the start of the Rona crash, you're still up 300% today, even with the four year halving correction. Meanwhile, your cash savings are on fire in the wind.
@@TylerShacklefordDurden joke's on you, i dont have cash savings
“What can I buy with RogeCoin? Heroin and feet pics mostly.” 😂🤣💀
You son of a bitch, I'M IN!
@Chris Hansen I mean, it's not like their purchases changed any with a different currency.. HEYOOOO
Dang. Quentin Tarantino would love RogeCoin!
Roger's feet pics?
@@chaosmastermind 🤣🤣🤣
I'm a Chinese. I laughed so hard at that censorship joke.
Communist China and their few siblings should not allow to exist in this universe.
-1,000,000 social credit.
Big oof.
@grant huge off to a work camp with you until you learn to love the party.
@@roberteischen4170 Pentagon should launch a sneak attack of 500 hydrogen bomb on mainland China and Russia , send both of them along with their other communist buddy to the core of the 🌎 earth....
Then blame it on Dr. Manhattan....
I a Chinese too. That joke was good.
Whoever came up with 'chain chungus' should get a raise!
Yeah I died on that one too!
Yeah, and it'll be 1 millionth of a Bitcoin. 😂😂😂
They will get paid out in Rogecoin
Coming back to this now that the entire crypto market is crashing and laughing my ass off
I almost sunk my money in crypto
Always trust Roger 😂😂😂
Even if world ends, you can burn a pile of cash for warmth or cooking. Can't do that with crypto or NFTs.
well actually it got worst xd
Cheers! Me too. Who's laughing now crypto cripple heads?
"What can I buy with it?"
"Heroin and feet pics"
*Value skyrockets*
There's a reason why it's favored by people who "have strong opinions about age of consent laws" and that's because he left out CP
@@InfernosReaper What does that stand for?
@@Ethan5I5 CP stands for Child P**n
@Brian Mitchell from a person or a business?
@Brian Mitchell Earth 2's Land doesn't count
If you have so much money like you claim
then buy a Ferrari and destroy it in a Video
Because this is what real rich people do
Destroy very expensive cars
“Always has been” was the icing on the cake to a perfect video
Fun Fact:The reply above this one is a fake and a bot!
Would have been even better if the top comment didn't spoil it.
In case you haven't noticed, that's how investing works. There will always be a certain risk associated with it.
Roger is a UA-cam legend
He just needs his own channel!
-----\_ Always has been
Thrue
Then buy rogecoin
That ending. Wow. Utterly hilarious. One of the best yet!
Always has been
Yes, The best ending of this video...an Ad by VenlyNFT,
My new sexuality is Roger saying 'fungibility'
That's a strong sexual identity haha
That was my word of the day.
Someone left some fungibility on the toilet seat.
Myself, I'm partial to "Ouroborosian"
Pass the brain bleach. I do NOT want to think about that.
Re: NFTs
Back in my long-ago youth, the silliest example of how anything, including _nothing,_ can be commodified was the "Pet Rock".
But at least with that, you got a rock.
As a child of that era, and a one-time geologist, the rocks definitely had more value than crypto
Are we talking diamonds and other precious stones?
See also the tulip craze
@@vikiai4241 Even then, if useful materials were abundant but not consumable, they wouldn't be precious at all. Part of it is that we're programmed to seek out scarcity and rarity. Hell, shiny pokemon is one of the best examples of an absolutely worthless difference having perceived higher value.
Can I interest you in a PNG of a rock?
I laughed all the way through this one.
Hi Shannon. Great to see you 👋
1 bitcoin = 496 hockey sweaters.
the ending was the best.
mars is flat.
Yeah I had to pause it so many times just to finish the laught and be able to hear the rest
@@yogibearstie haha, as long as the mass delusion last.
1:49 “chain Chungus” 🤣🤣🐰🐰
this feels like a fever dream I had after binging all the other "IM ROGER BY THE WAY" videos and desperately wishing for another lmao
"ouroborosian."
Wow. This is a word we needed in the modern age.
Fucking thank you. I couldn't quite get what he was saying here.
Funnily enough, Ouroboros is also the name of Cardano's proof of stake protocol (which doesn't use proof of work, so no mining).
Mighty...phoenix...from the ashes, arises...firebird cycle of life...regenerate the cell.
"Like all good currencies, Rogecoin should be hoarded forever." 🤣👏
Had a friend last year telling me " Bitcoin is going to make many Billionaires and go up to $150,000"...That was when it was up to $68K record high
It actually went down $50,000 and I asked him what happen what happened...he said no comment lol
Good times, good times
See that’s why when you say it’s going to $150k you gotta specify it may not be for a few more cycles n it may also fall completely flat before than but if not it’s pretty likely still
Sounds like crypto fanboys in general lol
he bought into it way late. It did make billionaires. The ones who bough bitcoin at 0.008 > in the late 2000's and early 10's are the billionaires lmao.
It's a pyramid scheme. All the celebs telling you to buy "got it" for less than $10.
It's awesome (for them) to buy a thousand imaginary coins and resell them for hundreds of times what they paid for.
The growth only means convincing sillier people in. 😳 "hey buy my $1 baseball card for a milion" kind of thing
"Collective hallucination" is 100% accurate. 😂👍
That's relegion😂
Thats the effects of ready oh and tell lie vision and thirdly so shall media.
@@purnendusharma1383 everything is a cult, especially money
I will tell you a secret. Cryptocoins have always been the plaything of a small group of nerds. And they became popular only in 2011, when this payment method was noticed by the international drug mafia. The drug mafia made cryptocurrencies popular, and they began to grow in price. Well, when something grows in price, so quickly, then everyone who is not lazy jumps into this train. The explosive growth of cartels, and the increase in violence in Mexico in 2011-14, is also related to this. With the fact that the drug mafia received an important tool, 1) to launder money 2) to receive payments that are difficult to trace.
What was a toy for nerds has become a tool for criminals. Just google the level of violence that was going on in Mexico in the 10s. And not only in Mexico. With such a tool as dЕcentralised tor payments, the drug mafia will acquire a level of power that even Escobar could not dream of.🤣
Welcome to Cyberpunk.
@@purnendusharma1383here we see a proud dumbecRAT that can’t define a woman explaining why religion is not real
What Cracked doesn't know is that we are about to launch a new meme coin called Rogecoin thanks for the name
NOOooOoOOOooooOOO
@@cracked Buy Cracked Stonks we are going to the moon Roger
@@cracked Sue once they're worth billions. Let them do all the work. 😎
@@MargaritaOnTheRox Exactly
I'm ready for this pump and dump 👀
“Now it’s totally worthless” “always has been” that was good
As is with everything, the value is all in what people give it.
Like the dollar correct it’s useless
The price of it that other people are willing to buy it in the marketplace by no means validates it as a currency, or even an investment. It just means that more people are willing to trade their money (US dollars, euros, take your pic) for it, and currently perceive the value (in US dollars to be clear) will go up in the future. It’s all about the timing.
@@leepreece813 it’s used extensively in electronics do to its unique physical and chemical properties and scarcity. It doesn’t rust or tarnish like other metals and has strong religious associations in certain religions.
Dollar is worth less than a toilet paper soon. It’s printed to oblivion, it’s outdated, has less use cases than a toilet paper, ruins environment cause you have to cut down trees to print this fake money.
"Pretending to understand block chain is simple"
The funniest part was when everyone behind the camera freaked out when he said something disparaging about China. 🤣 A commentary on the strange amount of influence China has.
@ph34r inovade ... No. Just block content in their country, causing their billions of citizens to have to workaround to access it, if that's even an option for them, if they're even willing to, if they even care about that particular piece of western content in the first place...
Okay, but the fact of the mater is, China is huge. And more than a bit dictatorial, and sensitive. So... Big business that's easy to piss off.
@@plzletmebefrank mind your business yank😂 Why you talk about things you dont know?
China can't even make electricity anymore. They won't have the means to see videos against the CCP 😅
@@clauz8986 Nice try china
@@clauz8986 ... Name one thing I stated in my comment that's incorrect.
The guy: I thought GPUs are for games.
Roger: What, are you a kid?
I laughed after hearing it.
And the last part was epic. 😂
Thats cool.. I am going to use my Nintendo to Print off some Beer money. Then I will get drunk and play Nintendo 🤣🤣🤣
@@aeonreign6456 everything that has to do with calculating multiple things at the same time, including mining bitcoin.
"Now my Rogcoin is worthless!"
Roger: Always has been *blam*
Ad that immediately follows: Bitcoin. The best money we've ever had...
😂😂
That was my opening add,, it's all new world order selling slavery
Saaammeee
Same
Lol, same
same
The very ending was absolute perfection.
yes!!!!
Lol that China part was great lol. There is so many layers to it. Leave it to Roger to just say it. Great video.
That was my favorite part.
I don't understand. Care to explain?
@@userre85 many companies go out of their way to appease China these days because they want that Beijing money. China is a very sensitive regime, they are communists afterall, so if you criticize them in any way, they are likely to ban your stuff. Hence why it cut to people running towards him screaming 'no no no no' and then went to the technical difficulties screen.
@@userre85 China is ruled by a non-democratic totalitarian regime that will go to extreme lengths to keep control over their country. They can and do impose a variety of restrictions that would be ridiculous by USA or European standards. This includes things that could affect the opinion of the Chinese public, for example social media has to have features that allow the government to censor things. China has a extremely rapidly growing economy with over a Billion (with a capital B) potential customers. So many companies are very desperate to be on the good side of the Chinese government. Getting the approval of that government can mean a massive amount of money but approval can be easily lost. So when somebody says that insults China or the Chinese government others panic.
@@maximusaralieous1728 While they are still unapologetically totalitarian China is not communist. They transitioned away from proper communism/socialism after the death of Mao Zedong, partly because Mao Zedong's rule featured so many economic disasters and famines. Their economic boom features many mega-corporations and billionaires and very little state owned business. The government can still control businesses however they want, and certain companies became rich because of government help, but most of the time chinese mega-corporations behave exactly like mega-corporations in other countries.
I feel like Roger is more in touch with modern society than all the generations combined
"Just because a product is created for a specific purpose, it doesn't mean it can't be coopted for an ouroborosian cycle of raw capitalism that recycles real resources into planetary waste for the sake of ever more ethereal non creations that only exist as mirages in our minds."
I literally have to come back to this video every now and then to hear this masterpiece of a sentence that sums up pretty much our entire current human existence.
Amen
*ouroborosian cycle
@@Pizzacheese10 finally! Thanks!
Truth ..that was fuckin poetry
Thank you spelling it. . . . .en.wikipedia.org/wiki/Ouroboros?wprov=sfla1
the Block Chain, and if you don't know what that is or how it works then you're a perfect candidate 😂😂😂
I like my money like I like my college degrees: Extremely overpriced and basically worthless except in some very specific situations.
I know that feel
The problem there is, your college degree might, statistically speaking, be useful. Divide what tube rubles can buy with what they can't and it approaches zero.
@@unclejoeoakland college is indeed useful
For companies to rake in cash from student debt 😂
All my coins are useless except for the 2 min proces it takes to convert them back to FIAT and into my bank account :)
If I'd gotten it at exactly the right time I'd have had a lot more casual sex in my lifetime, and also I'd have become some sort of teacher out of desperation.
"a segment of the internet that has strong opinions about age of consent laws"
I lost it.
I can't believe he's back! You're really bringing cracked back
Doing my best!
@@cracked
We need Roger in these dire times. His honest cynicism is what keeps me alive.
@@burningmisery plus Roger's videos are so educational and vital
@@cracked God's work
@@GHC3
Who said education can't be fun, right? 😁
Summed up Crypto pretty good lol.....
Only the negatives
@@luisfilipe2023Yeah, summed up crypto that is
@@luisfilipe2023 because there are no real positives
Really? Then how one would sum up american gov't? That would be really scarry.
"cyberpunk hell-tender" is a phrase that cannot be appreciated enough
Big sigh... This is the world we made.
Such a beautiful turn of phrase!!!
"or if a goofball country bans it, like China--"
"Uhhhh nononono!"
I DIED LMFAO
Yooo I was done when they did that. 😂😂😂😂😂😂
Some people were smuggling their money out of China that way. Their government doesn't like that, not one bit(coin).
To be fair, that was only so china could roll out their own government sponsored crypto lol
Best part 🤣🤣🤣
@@Orgruk LMAOOOOO
Trust me if they actually create a Roge coin it will become a meme and explode in value ..
I'm buying eet
There is actually a Hoge coin which is 100x from its initial price.
Ill buy
I'd buy that for a Dollar!
Lets make it happend,i Just dont know how ,,its Just like kermis toss a coin and watch niet rise
“More vaporous than a ghost fart” 🤣🤣
I Miss these videos !
This is the fourth new one! They also did recycling, Megachurches, and dentists.
Rodger is the MAN.
When did they come back! I'm stoked
The call-out regarding age of consent law was perfect 'chef's kiss'
Nice PFP.
I didn't get that part?
@@djsonicc ppl who buy crypto are libertarians who want to lower the age of consent is the meme
For the sake of not having a bunch of pedos tell me "that's not libertarianism ree" I have no comment
@@pissass.8675
Also, libertarians:
“BuT wHaT iF tHe ChiLD cOnSeNtS ?”
“Like China” was not a scripted moment on the prompter if you look. Roger really savaged out 😂
Was it really improvised?
@@BurningAzure Yeah. If you look at the prompter as the film crew is approaching Roger from the side the line is “…a goofball country bans it” but “like China” was not written anywhere. It picks up as scripted after the technical difficulties screen.
Edit: Quote from script more accurately reflected
I'm going to assume the omission of "china" on the prompter is part of the script in itself. I say this not to spoil the illusion, but to applaud the quality of the production on these videos. Little details like that really are going the extra mile.
@@Bassistking where is the prompter I can't see it
@@grahamwinston3692 yeah, if they really wanted to avoid pointing at china they can just edit it out
Every time another crypto-whatever fails, I send this out to all of my tech-friends right before they take lunch at their 9 to 5. Lol.
Still waiting bitcoin to fail...
@@boejiden You'd be waiting forever if you think bitcoin is an investment that will outperform the S&P over the next 10 years. Bitcoin might plummet or it might move mostly sideways over the next 10 years, but there's no underlying company that is growing profits organically. It's a pure gamble because you hope the next person will pay you more for your bitcoin than you did.
@@boejidenit will, and then rise, and then fall, and then rise and then fall and it'll keep on doing this until the dollar is gone. Any ideas when that might be?
Roger: He's the hero we need AND the one we deserve!
Amen Brother!!!
Facts
👍😆😂
I mean... It's probably obvious to more people than me, but I knew it was going to be Rogecoin. It was the right choice 😆
Haha thank you
I didn't expect it until I saw the coin with the R monogram. I was like, "oh 'Rogecoin'!"
Yeah it's perfect.
The best part is someone may even make a rogecoin
I think Horcoin would have worked too
As always, please check out the sources in our description and be sure to invest your lifesavings in RogeCoin please and thank you!
This coin now absolutely exists now. You realize that right?
Sorry but all my money is going into Chungus Chain
Yes! I bought millionses!
I will be fabulous money happy!
Thank You! 🥰
That wideo will pump the RegeCoin price
DogeCoin to the moon!
Coming back to this after FTX, Celsius, Voyager, Blockfi, 3AC, And Gemini.
Jesus Christ.
@Casey Chavez i got scammed on celsius, what about you?
@@fifty1971 should have invested in roge coin
We tried to warn you....
I knew about FTX but I hadn’t heard about Celcius. What happened when you used Celsius? @@fifty1971
He should make an espisode on recycling, hint: It's a flat out scam. Perfect for Roger's personality.
That's a great idea: ua-cam.com/video/_riGg2BW8Jw/v-deo.html
@@cracked lol.. I should have known! If it means anything I love your videos, Roger cracks me up. Great character, great stuff.
@@PearComputingDevices He rocks!
@@cracked Heck yeah..
Where have you been, OP?!?!
Roger always knows where to hit a raw nerve.
"So it money I shouldn't spend?" LOL, oh lord I just died.
And "Chain Chungus" made me laugh harder than I care to admit.
Indeed
Money doesn't disappear, it only changes hands.
This is pretty good.
as a tech guy i understand blockchain and never thought it would rise so high. technically its not really that great. but psychologically and socially it became very important for some reason and established itself as "digital gold". but then again there is no reason why gold should be so expensive... we just make it so
If you think blockchain isn't that great from a technology standpoint, then no, you don't understand it
@@RunBayou but it isn't. It's inefficient and not suited for 95% of the applications people try to shoehorn it into. Most products that claim they use blockchain don't really use blockchain because it would be a terrible choice for what they're trying to do. Even with financials, you don't really get a ledger of every transaction because of how the exchanges operate.
@@jetfirexx Having a 100% secure ledger with the only 'downside' that it has to stay sufficiently decentralized is a pretty damn good tool to sovle some specific modern problems. And defi is transitioning to proof-of-stake which is far more efficient. But indeed too many things are shoehorned into it, it's becoming hilarious.
@@joris425 "the ONLY 'downside' " haha. Yes apart from that it's perfect. 🙄🤦♂️
Personally i don't really care about blockchain, all i care about it that it's fairly stable because big banks have invested in it, but it's also volatile so i can buy and sell the highs and dips.... i made a lot of money :D
The ending was pure gold
Always has been 🔫
So brilliant writers and perfect acting of Roger. Kudos to all
As someone who had an official cryptocurrency some years ago, i must say this is very accurate. Most of the people are unaware that most of the coins purpose is to solve a "problem" that isnt really a problem. Just a modern ponzi scheme but with a lot of psychology involved to manipulate (potential) investors.
Why does it need to solve a math problem? How does that give value as a medium of exchange?
@@MbisonBalrog Basically the math is just to slow down adding too the chain. If there wasnt a speed limit a malicious actor could reorder the chain to enable spending they dont actually have, but to do so youd have to recalculate the hashes for all the blocks after whatever block you dont have, the math is what prevents you from doing so quickly.
@@thegoldenatlas753 lol 😂 that is actually an ingenious way to prevent counterfeiting.
@@MbisonBalrog yep proof-of-work (the math) was one of the 3 defining pieces of bitcoin that made cryptocurrency possible, it is literally the crypto part of the name.
Of course we have newer systems that are slightly weaker but overall have the same end result such as proof of stake and a few others i don't have experience myself with.
Ironically the energy use complaints of Proof of work have been proven to be falsehoods, the current banking system and archnet system used in the US is per transaction about 2000x more energy use for the same number of transactions as bitcoin (and bitcoin is the biggest energy user of cryptocurrency)
Not to mention 56% of crypto is powered by renewable energy since miners (the people making money off doing the math) are incentivized to find the best energy solutions, hydro has been popular since they can also use the water infrastructure for cooling the equipment.
The fact that a Gemini crypto ad ran at the end of this video make it even better!
I love roger, that astronaut "always has been" meme got a genuine laugh out of me and my grandma is trying to sleep in the next room
I did not expect that and I almost choked on my drink
Honestly if the government collapses peeps that have medical training and those that have backyard gardens are going to be on the top of the financial gains ladder. Definitely not cryptocurrencies that will depend on people remembering passwords from 15 years ago and electricity.
Better keep growing those tomatoes then.
Yeah medical knowledge and farming will be financially gainful, if we forget the proceeding reduction of everyone to destitution the immeasurable blip at the end due to hard work and endless study will make it all worth while to get to be happily well fed in the cannibalistic apocalypse. :)
Argentina had real collapse and when the power went out people were able to transact with bitcoin on mobile network that had backup power. When the power is on they mine cryptos to feed their families.
I thought it was going to be the marauders like in Mad Max who held the power after a political collapse.
@@CorpseCallosum how many people? Everyone in Argentina? Or the 5 people in the entire country who actually understand how it's supposed to work, AND had backup power on their mobile networks?
Sighting statistics of the 1000th of 1% that made it work for themselves is no ringing endorsement for the societal viability of unicorn fairy dust money.
A friend of mine was mining bitcoin when it was less than 20 bucks / coin. He had a LOT on a custodial wallet, and ended up wiping the wrong hard drive - BOOM! No more bitcoin for you! He'd be a millionaire right now, but no...
That understanding block chains joke was right on the money. I was in a digital forensics class a while back and no one could really make head or tails of it without looking it up. Even when we got it, most of us were still scratching our heads.
I mean I think a lot of people understand it in theory... but what's the actual purpose? it's just a lot of stuff in the background to do whole lot of nothing
@@neurofiedyamato8763 And to add, all the while consuming our precious electricity mining it, and also that same group of people investing in these... things... are making promise to curb the climate change lmfao.
@@neurofiedyamato8763 purpose? having digital money that cant be tracked or handled or monitored by middle men. It was the money for people who didn't trust having someone follow their money trail. (at least that was my take back when i learned about it.) Problem is it's SUPER volatile, and if you're the type to pay it too much attention, it's nerve wracking.
@@502jackal and it still can be tracked and monitored, partly thanks to those easily hacked exchanges. We've already seen evidence of this with the arrest of those people who hacked an exchange
@@InfernosReaper While most cryptocurrencies are only pseudonymous and trackable (Bitcoin, Ethereum, etc.), there are some, that are anonymous (Monero)
Also the exchanges, that market cryptocurrencies as a "get rich fast" scheme are maybe the worst thing that happened to crypto.
I’m willing to admit, I felt that I was investing in something huge. “Mining” and “Staking” were the buzzwords that got me. As I watch this, I can’t help but laugh.
Man with all the increasing perversion of finances and uncertainty in the world we all are vulnerable to people and things that say they are the salvation. :/
Dave, I have your salvation. It's a wonderful investment with the ticker "VT". Go ahead, put lots of money in it, it's a great idea.
Back in my day, we'd just pledge to random Kickstarters if we wanted to spend money on stuff that doesn't exist.
Yeah like empty shell Hypercars that promise to reach 500 hp yesterday.
lmao
I am definitely a candidate for rodgecoin. I think that I will be able to eat gold bars in the post apocalyptic world.
The best part of this was the two 30sec crypto ads Netflix paired with this video
Edit: UA-cam damn autocorrect...
For me the same. But don't know what Netflix has to do with it
That's the weirdest autocorrect I've ever seen lol
how come you don't have adblock?
@@Grulaz because I'm old and don't know how that works
@@edwardhunts but it's just a plugin it's easy to install if you want i could help you
Forget all this Crypto and NFT junk. Tulip Bulbs are the next big thing. Get in NOW!
Queue 17th century horror flashbacks.
Heh heh, yep I got that currency buried in my backyard
We're not doing decorative gourds this year?
now all my wampum is worthless....
Tulip bulbs are so passe. Come buy some shares in the Mississippi Company if you want to make some REAL money!
The irony of getting an add about a crypto card before a video about trashing crypto is palatable
Comedy writes itself.
Kinda takes some wind out of his 'you can't use it to buy most things' sails though. Only anything you can buy with a visa or Mastercard haha
“Strong opinions of age of consent” not him roasting libertarians. This guy is the best
Liberal and Libertarian are two totally different dispositions.
@@sunlesssirris libertarian are openly peds m8
@@sunlesssirris They used to be the same. Nowadays just slightly different.
@@sunlesssirris He was actually roasting Cryptoland with it.
The astronaut helmet kills me
It's my favorite thing ever
It's like he's 'on the moon', probably with the majority of profits.
@@cracked nice throwback there. Are you from Ohio? :D
@@MrAbhiabhi7 Noooope. Virginia.
Elon Musk explained it best when he was on SNL:
"Yeah, it's a hustle."
jokes on you he has 1bn worth of btc
@@zzFishstick which is ironic since he was calling himself the Dogefather, and his appearance tanked Dogecoin's value. I wouldn't be surprised if he profited off of Doge's loss.
@@romxxii it's extremely obvious he knows that he's manipulating crypto's values thru the statements he makes. and yet the crypto bots lap it up.
@@garou12 oh too true. He became the richest man in the world during a time that we were all locked indoors and nobody could buy his electric cars. Dude is gaming the market hard.
@@romxxii people buy the news. Of course it’s gonna tank when the actual event that propped it up is happening, particularly if said event isn’t as benefiting/positive as many thought it would be. You have to be a complete moron to not make money on crypto within the last year. Shame so many are too emotional when investing, fomo into shit coins they don’t understand, panic sell at the slightest sign of distress, and then when they lose their money they want to go and blame crypto as a whole for their greed and/or incompetence.
I don't think I've ever laughed harder at 'he doesn't know how that's spelled while he says it' ... excellent comedic timing!
...and then immediately get an ad for a Bitcoin trading company. They basically just paid you for telling people not to use them.
Gotta love it
@@cracked I love it on multiple levels
1. Y'all got paid (yay!)
2. They wasted ad money (yippee!)
3. Irony nearly as funny as the vid
@@tejaswoman Haha it's wins across the board!
Alright roger’s back.
Hey, when is Roger Gonna get his own TV show? We need more of him in this stressful world we live in.
Honestly if we could clone roger so cracked can keep uploading more if ____ was honest and allow the REAL roger to rest we would.
Both of those I'm all for
3 weeks later: If Cloners were honest
A TV show?
We are in 2021 already! :-)
@@igorthelight what you mean?
@@ImFromIowa Meaning most serialized shows are shared through the internet now, at least most that are worthy and interesting. Every fridge has its own original streaming show.
So Roger kind of has his own series already - this one.
Also, a lot of anything isn't going to make it better, but will make you feel like it's worse, because of how our perception works. 3 hour Roger shows every day, and you won't even watch them, will get tired and numb.
As a blockchain developer, who mostly understands how it all works, I am amazed that Roger is not technically wrong about anything in this video.
Don't lie. your not a blockchain developer or not a very good one. Most of what he said was a huge over generalisation and not what most proper crypto requires or is about.
@@alimfuzzy if you think you know better, explain better, maybe providing a few specific examples on where the video got it wrong.
@@alimfuzzy you seem.upset lol
@@phillipjiang1593 replied twice YT deletes them. Just look up proof of stake vs proof of work and proof of authority.
Most of this video only applies to the crap coins.
@@Leoprincess3038 just calling out a fake blockchain developer pushing FUD.
I don't always agree with Warren Buffett, but I agree when he says he won't invest in something he doesn't understand. I've avoided crypto for that reason.
I understand it very well. Which is why I stay as far away from it as I can.
Thanks so much for being Roger back… just when we needed him the most.
"Heroin and feet pics"
You got me there.
ᵂʰᵃᵗˢᵃᵖᵖ♱❶❷❼❻❷❾❷❶❷⓿❷
Thanks~~~~
If you trade it for heroin it Will be a good Investment 😂 just ask the Taliban
Between the guy who talks about movies for an hour straight and Roger, this channel's former glory has been restored xD
Hell yeah!
This aged beautifully well.
no it didnt at all the whole finance system is going on blockchain in the comming years and thats just the beginning. look it up
Wait a couple of years
Buying Bitcoin the moment you posted this was the best thing you could have done this year LMAO
@@BitRoel I really suggest you sell everything you have and fork it all to Dogecoin or something.
Your comment aged like milk
HAD MY ROLLING at the "strong opinions on age of consent laws"
Me, too.
What? Can you explain why he mentioned that
@@gradientO Libertarians. Enough said.
If you think libertarians avoid the NAP and a woopchipper to be a pedo..you might be too far gone in this bs.
He lost me me with on this one.
@@lonniepope2296 Is that why you guys chose Nathan Larson to represent you?