@@teddymonadnock9724 Crypto is not technology, it is dung. Hope you didn't buy any. Before you do buy, you need to rewatch this video and watch Warren Buffet's comments which are all over youtube.
@@TheHeretic435 You mean because cryptos will still be here, or because they will suddenly acquire an intrinsic value. The former is likely. The latter will never happen.
@@TheHeretic435 lol that’s a good call. People are going to feel so stupid in the near future. To hate against bitcoin and crypto is seriously a detriment to humans.
Bill Maher is nearly 70. When you get past the hair dye, the Bosley implants and plastic surgery, He's literally nothing but a typical, kooky old man who hates everything he's not familiar with. It just so happens he's also a trump hater, so the mainstream indulged him a little longer than it normally wold have. But rest assured. His days are numbered.
Bill is clearly over his head. He literally blames bitcoin for the 2008 subprime mortgage crisis.... lol. Bitcoins publicly visible transaction log would have PREVENTED wall st from being able to repackage these useless loans derivatives that received an A rating.
Not what he said ... he said i don't get and neither do you and i'll explain why .... Now if you do understand ... and have points to refute the objections the questions he raised .. please share :)
@@ScorchedEarthRevenge Modern monetary theory only appears to work, because we're the fiat currency of the world. You keep printing money and the other countries will move to another standard. Once that happens to us, you'll understand just how stupid modern monetary theory is. Modern Monetary Theory = Death by a Thousand Cuts.
The way i see it is.. it's another unregulated bubble... what happens when there's no regulations or rules for a bubble.. it grows, what happens when it grows too much?? who knows.. Kablooie!!
At least its backed by collateral aka U.S Citizens since1933 via house joint resolution 192 and trading with the enemy act. Bitcoin is backed by Chinese miners powered by coal.
@@illuminatti5542 It's almost like in the "real" world... crazy... So because some humans/cryptocurrencies are criminals, ALL of them must be criminals... Yeah... that sounds like a familiar argument from a different discussion... I thought we were beyond that point of "reasoning", but not quite yet... not quite yet... ah well :) Have fun and good luck with your personal investments, whatever they may be. I wish you good fortune none the less. :)
“It is well that the public of the nation do not understand our banking and monetary system, for if they did,I fear there would be a revolution on our doorstep before tomorrow morning.” Henry Ford
Lol crypto is fraud... it's going to come crashing down on you why do you think they're financing the IRS? All of your internet data is screenshot by the FBI, nothing you do is impermanent or private. You are screwed.
@@AdrianMark We have gone through this already since 2013, the only people jerking each other off are those who said "it's dead, party is over" in 2013 and didn't learn.
If you're coming to Bill Maher's channel to watch his content you're doing it wrong. I come to enjoy the comment section as an old Boomer yells in the background telling me to get off his lawn
EXAAAAACTLY!!! Just a room full of seals clapping their flippers together for stinky fish. Literally, nothing he said was based or backed by any fact or statistic. All false numbers and incorrect comparisons.⁸
Except, the more you understand Bitcoin, the more you understand that it's not working. It only courts attention when it goes up in fiat value, which shows that people are using it to speculate to get more fiat. It's too volatile to be used as a currency and it doesn't have any utility.
yes, but you're introducing to an already volatile "real" money system.. more imaginary currency, that only exist on the internet... how can you see that scenario and say "well this is soo simple to figure out.. it's sooo simple!"
@ Bob Costas, I, too, am looking forward to seeing how well a lot of these naysayers' comments age...lol. Sadly, a lot of people are clueless about the changing services and infrastructure rapidly changing all around us...blockchain, Bitcoin and other cryptocurrencies ARE the future, whether the naysayers acknowledge them or not.
In 10 years the dollar will probably already have hyper inflated and crashed. That's the kind of thing that tends to follow having 40% of your currency in circulation printed in the span of a year.
This comments section was hilarious last year. All these idiots with 50k+ averages yelling “have fun staying poor” and criticizing anyone not in the cult as not understanding the technology (of course, none of them understood it either). Now it’s 17k. Can it go higher in the future? Possibly. But everyone who went all in at the top last year and has been “buying the dip” with borrowed money down to 30k has already been wiped out.
Why do you think billionaires are shitting on crypto currency? Because their wealth is tied to centralized banking, meaning power and control, over you. The entire point of crypto currency is to get away from government controlled centralized banking, no government or third parties controlling buying power. Tyrannical governments have happened many times throughout history and to deny that it could never happen here is exactly the mind set a tyrannical government wants you to have. Giving complete control to a government is reckless and completely insane. When a government tells you: “hey we love you, you can trust us, we are looking out for your best interests, by the way, we need to take your firearms too, that’s also for your protection,” trust me, they are not looking out for you.
Any person who toke a loan to buy a highly speculative currency without the capacity to paid, it is the one who shouldn't be in the market. Bitcoin is a 20 years investment. And the tech related to ethereum blockchain the fundamentals of the new web.
They would only be wiped out, IF they sold there Bitcoin! As long as you dont sell on the way down, you are fine. Just wait for it to go back up to New All time highs and above like it has done every 4 year cycle for the past 13 years. Also i will point out that the Stock market, including the S&P500 has fallen just as far down as Bitcoin. Along with the housing markets and everything else, so Im not really sure what point you are trying to make here...???
@@tonya3916 money is a store of value backed by ____. ____ traditionally was governments. Now ___ is backed by blockchain and people who pay Billy here hate that.
2+Trillion U$D in Crypto value can not be dismissed or 🦶🦶🦶...🦶 +++> ignored. Reality!!! ... is what it is. ... It''$ independent and immune to sentiment, dogma or tradition.
It is essentially a shield from all the kraterocratic shenanigans from all the corporate oligopolies and desperate global Central Banks. A Shield, for a true store for Value for here and beyond; true = independent, incorruptible and Universe-al.
Nobody is going to collapse 2+ Trillion U$D of Wealth from the economy, "today" - which will only grow at an exponential rate w.r.t., eeevven, the M2 U$D in value, into the future, tomorrow. ... That's the "reeal" Reality. :-))
Paper money only has value because it's packed a finaical institution aka the US government and same for any other country and that's from my High School education
@@HughJass-313 Morons, the USD is based on the US economy, assets and infrastructure including the stability and power of the country to repel all enemies and project its power across the world to the extent that the dollar is the world's reserve currency and oil is traded in dollars. All money, including gold, depends on the tacit agreement of people to accept the value of it, given more or less assurance that it's value will endure. That is not "nothing". As Bill correctly points out, the power used (and carbon released) is obscene and a negative to the system which is straight PONZI. Sorry libertardians.
@@pas9ify Nothing you said changes the fact that: USD is *FIAT.* It's Value is based on Nothing but *tinkerbell power.* (which only made this segment even more ironic) The USD is the 'world's currency'... until it ain't. The Petrodollar is USD... until it ain't. If an *Oil Selling Nation* decides to STOP accepting USD... there's NOTHING the U.S. can do about. Well... Nothing, accept invade/destabilize their Government( a la *Libya).* But If an alliance of *Oil Selling Nations* decided to STOP accepting USD... It could be the end of USD. Read about: Muammar Gaddafi Gold Denari. Saddam Hussein Euro petrodollar. The U.S. didn't *destroy* those nations by coincidence... 🔥
@@HughJass-313 You seem to miss the point widely, maybe purposefully. I ACCEPT that all money, including the dollar is fiat. I said that up front, yet you keep snarling and foaming about it. USD is fiat, so is crypto, so is gold. Silver has more industrial use than gold, but it's 10 times cheaper, why? The only argument you MIGHT make is that the fiat in gold comes from holders of gold USD comes from the government. But that argument also falls flat, since, at least in theory, we citizens control our government. While gold holder are the wealthy. Still fiat, no matter how you slice it. Based on "nothing" as you say. Your position is popular, I will give you that. Since Reagan, "government is bad" has been the mantra. If you and your other brainwashed multitudes ever stepped back to look at the equations of power logically, you would deduce that less power for government means more power for corporations & the wealthy, hence less power for you, armchair libertarian, unless you are welathy, but then you wouldn't be on here arguing, you'd be on your yatch. A wealthy guy (BF Goodrich) twisted "Libertarian" into a disease to control the masses for the good of the wealthy. Same people invented crypto (as well as PayPal) and they have all of us by the testicles. But expecting you to understand, or even more to do some research into all of this is like expecting my dog to understand Melville.
@@valgehiir "Real money backed by GDP" Fiat money exists mostly in a digital format, just like cryptocurrencies and stocks do. If a places GDP is the backing or foundation for a currencies value, couldn't you also say crypto currencies are backed by the GDP of the people buying it? They all require faith/hope that you'll be able to trade that currency for something else of value later.
lol so true... there aint no difference in a paper dollar and a crypto bit. we all attach value to it because we want to... i cant eat a fucking dollar can i.
@Papascrub The only person in denial here is you, people are making hundreds of thousands of dollars and I've personally made 20k since I started last year, but just keep dismissing it as "fantasy internet money" cause the tv talking head told you to while him and his buddies are all buying into it.
@@screaminpman I don't agree with much of his politics, but he has the balls to come out against the crazy left loons with some common sense, and frankly obvious information that makes them look stupid, and I like that.
@@michaelmancini5773 Same here. Sometimes Bill seems to know what he is talking about. Other times he quickly reveals that he is a complete fool. You can't say he is a fence straddler.
Here is the Peter Schiff hustle. Constantly predict a crash. It doesn't happen, nobody notices. When the crash finally happens, claim that you predicted it
Bitcoin uses a lot of energy, but the system scales with the number of transactions. Bill's figuring was BS because that scare-mongering factoid was based on a false assumption about the per-transaction cost. Here's an analysis. And they're not even climate change deniers. ua-cam.com/video/nvtGQ-7O1Tw/v-deo.html
The US dollar is backed by the size of America’s large and relatively stable economy. People bet that the economy is going to generate trend upwards and continue to influence the globe, so they put more value in the power of the American dollar, thus strengthening the currency overall. This overall stability is why we stopped using the gold standard, because commodities don’t have such stability and can fluctuate greatly.
@@luke_cohen1 some would say our economy is backed by debt and interest rates. Bitcoin is backed by thousands of users. And a cap of 25 million bitcoins. As of today they are worth a lot. Both are very similar. Minus the debt, and interest.
Wait, in 1890, money was completely backed by gold. And gold was backed by...people believing a hard-to-come-by shiny metal was worth hording underground. There's enough gold out there that's been mined, to cover every 5th building from top to bottom in a thin layer. So even when currency was backed by gold, Gold was the BS that people believed in. It's not like the world needed gold then. Funny enough, now we do. Pitty too, because most gold is still packed away underground by governments for antiquated reasons. Lol. I hope they bring it out so we can use it in tech, and maybe back USD currency with Bitcoin... that way the "worthless nothing" that's believed in by millions, will serve a bigger purpose, and not be taking away an element like gold, which we need as a electrical conductor in most electronics.
@Sky Gardener Well sure but that's like saying if I invest in companies on the stock market and they go bust I lose everything. With fiat money the fact the government continuously adds money to the economy reduces the value of fiat money. If you had $100k last year it's now worth $90k, and so on. All the government does it devalue your money. On the other hand there is a limit to the total number of Bitcoins, thus the more people who use it the more it's value increases.
@@dementedacademic Guarantees the value. By continuously decreasing it's value. Everyone uses fiat money because they're forced to, people use Bitcoin because they choose to. Because they understand how Bitcoin actually works unlike Bill Maher and his audience.
in 10 years you may not have enough electricity to run even a light bulb, when all the oil, gas and coal production will be shut down. So, in 10 years you will be playing this video in your head only
Not on "Nothing"...but on "full FAITH and Credit" of the United States government. So as long as you believe in the US Government the dollar has some value...Personally, I'll put my faith in Tinkerbell.
@@trajan74 I'll definitely give you the *Might of the Military* 🔥🔥🔥 But you can't make THE REST OF THE WORLD accept USD... if they don't want to. and Especially since... the US doesn't MANUFACTURE anything anymore! (they didn't even manufacture FACEMASKS a year ago) See what I'm saying? ❤❤
Wouldn't be surprised if he bought a ton of it Friday afternoon and will be selling it today... The 'Colbert Bump' is real and I'm sure Bill knows he has that power too.
@Juan Suero Anyone who puts ALL their money in one thing is pretty dumb... But crypto does do something pretty important, so unless governments regulate it to death, it'll probably always have value. There's no central bank or government to declare it no longer a currency, so there's no reason to think it will ever be worthless like many paper currencies have become. If you think about it, even US cash will devalue itself to practically nothing given enough time of inflation, so you kind of have to invest in something. Everything is a risk though. I don't blame people for betting on something that's finally not controlled by 'the man'. The arguments against it sound just like all the people that have been telling me for two decades I should sell all my Magic cards because they weren't going to be worth anything soon, and every year I didn't listen while they consistently outperformed the stock market. Is that investment any worse than the housing market that people manipulate and destroy? The stock market, a lot of which is bets on non-physical things, or futures, or whatever other shady stuff like micro trading that's being used to siphon off value? I guess bonds might be safer, unless the next insurrection is successful and actually topples the government? Nobody knows. Invest in what you know and diversify, that's the best you can do.
@Juan Suero Assume much? I already get 4 weeks paid vacation a year. And crypto does do something important: it's a borderless currency you don't have to rely on 'the powers that be' to use or exchange and are also fairly untraceable (or at least cost-prohibitively-untraceable for 'small fish'), and the fees are a tiny fraction of what the banks get out of you. For someone who supposedly worked with blockchain, you seem to assume a lot without knowing anything. You also seem really angry about all of it. If you think it's a bad investment, don't do it...
@@krystal5887 But they are tied to the means of production through something called proof of work, might want to look it up. And while you're at it the Fed printed 40% of all the dollars that have ever existed see of you can find the extra means of production that jumped into existence somewhere.
@@brads008 doesn't matter. Shitbird Maher was roasting Bitcoin AND crypto in general. Ethereum is a crypto and he roasted that too. The only funny thing about this video is that neither he, nor his mind blowingly ignorant fans know the slightest thing about crypto.. bitcoin, ethereum, or any others.
@@therrydicule There isn't a recession, our economy is growing. Bitcoin trading doesn't jump start shit but it does inflate a speculative bubble. I'm selling NFT tulip bulbs, want one?
@@frams12 My crypto has gained over 600% since January, and I have used part of it to purchase over 6K worth of actual products with only seeding 600 US Dollars in 2018. Let me know when you find an investment that has gains like that. By the way, 53% of US Dollars are virtual and only exist in computers as yet another cryptocurrency.
@Sebastian BTC is digital gold. A lot of people think owning gold is useless as well. No biggy. I'll keep stacking sats while the printer goes brrrrrrrrrrrrrrrrr
Good point! The whole "Bitcoin carbon footprint is to too big" is misguided. Compared to what? Producing Fiat money in the way of copper, nickel, paper, cotton, mining precious metals, minting coins, has been going on for 100 of years across the globe. That carbon fiat foot print is 10,000x bigger than anything Bitcoin has ever produced. At least mining virtual currency doesn't strip away forest and mountain sides to mine for precious metals.
I studied how it works back in 2009 and came to the same conclusion. His analogy about guessing a number is of course, not how it actually works, but it's close enough in the ways that matter that it makes a good analogy to explain it to people who don't know what a hash function is. It uses artificial make work to intentionally waste computing resources in order to make sure that of all of the miners in the world, only one of them guesses the right number about every 6 minutes. The more miners there are, the more cycles have to be wasted.
“There is something inherently not credible in creating 100s of billion in wealth, without anything actually being created” yes there is but I don’t see you criticizing the FED for doing that for the past few decades....
@@PDXVoiceTeacher cArBoN fOoT pRiNt just because you can’t objectively measure it doesn’t mean it’s minuscule. It cost carbon and a lot more to have those warships across the world securing your system aka the almighty dollar.
@@ian12346 we don't store crypto in our bank accounts. And have you ever thought for a second that these celebrities, banks, and business news channels shit all over crypto for a reason? Jami Diamond use to shit all over it and tell people how dumb they were buying it. Then the price dropped and JPMorgan bought up shit tons of it. Stop listening to the idiot box about what you should invest in. They're lying to you so they can get richer. They only tell you something is a good investment after they're balls deep in it so you can again, make them richer. Or go back to sleep and believe whatever you want to believe.
@@ian12346 the entire purpose of decentralized finance is to keep money... get this, NOT in a bank account. It’s cool man, if you don’t get it you don’t get it. Put $100 dollars in a bank right now and earn what, 1% annually on it? Less? Oh but wait, that money is inflationary bud. So next year your $100 is now $101 but has the buying power of $99. You know who benefits from you putting your money in the bank? The bank.
@@erikanderson8186 difference between someone who knows and someone who doesnt is education on the subject. Go educate yourself on the only decentralized currency. . . I mean its the only way to make the stockpile of cash the rich have worthless. Bitcoin cannot be manipulated by man, and was once worth a dollar a coin. . ya know. . like the us dollar was worth one dollar. .. Hmm .. wonder why they created all these regulated altcoin scams. ..oh to hurt bitcoin. . but did it. . HELL NO .. Still worth thousands bruh
Watch it again in 5 or 10 years. It was brutal watching the BTC I bought in 2013 drop from $1,000 to $200 in 2014 but I’m not complaining 8 years later
@@DougWolfe I spent a lot of time learning about it, when I first found out about BTC. There are 10 minute UA-cam videos that can explain how it works. So yeah, you're right, he doesn't speak for all of us. Also, there are a TON of crypto assets that don't use mining.
@sisuphos it has governments backing to a certain amount if banks go down Technically all money is imaginary but it’s about what money you can trust as a legal tender Everything ends here - money has to be stable for it to be spent If your $10 bill could be worth 15 tomorrow you spend it so that bill can’t be assumed as currency It became an asset ( an unproductive asset) So Bitcoin Is neither currency nor asset Tbh I don’t want it to go down as I have 2 bitcoins But that doesn’t change the fact it has no backing no fundamental value
@sisuphos Fiat money doesn't multiply in value. There's no such thing as investing in money. In fact, money almost always depreciates over time. So what's happening with Bitcoin wouldn't make sense even if it _was_ the same as USD, which it isn't.
It was hilarious how they went nuts for Doge, then they clap "WOHOOO" when he says crypto is a joke. Bill's audience tends to be the worst. They never know when to laugh cuz they always are either too woke-offended, don't get the joke, or are hypocrites.
If you can't understand something, why should you trust someone who is passing it off as a store of value. Gold I can understand because it has substance and takes human labour to mine from the ground. Bitcoin is a human creation that relies on people wishing it to be something of value, does that make it so?
@@gigie555 It has value because it has utility to people, its as simple as that. "Bitcoin is a human creation that relies on people wishing it to be something of value, does that make it so?" YES IT DOES! Value is subjective! If people value something, then they value it, whether you like it or not.
@@emperorpicard6474 Yes Dutch tulips also had utility but when the price of a tulip bulb was valued at more than the price of a house, people woke up from their daydream and realised the utility value they attributed to it had been blown way out of proportion.
@@gigie555 Lol, comparing cypto to tulip menia. Crypto has already gone through a few declines and has recovered every time, I would hardly call it tulip menia. You are seriously underestimating the utility of the underlying blockchain technology, I think there is huge market demand for a immutable ledger that you are not seeing.
It may not be any more or less fake than other forms of currency but please explain how this version that consumes vast amounts of energy is an improvement over what already exists.
@@pete3953 If you're just talking about BTC then yes it does use a lot of energy but if you looked up many of the other coins they're already making it way more energy efficient than BTC.
"There is something inherently not credible about creating hundreds of billions in virtual wealth with nothing ever actually being accomplished and no actual product made or service rendered."- A wise man once said..
@@timothycrash it is authorized by the federal reserve. Based on authority recognized and long since accepted by the financial world. Enjoy your Ponzi scheme with bitcoin!
@@mindlessmonk3322 Except it's not fake, it's based on the country issuing it to pay it's debts via the strength of it's economy. Except for Bitcoin, which is based on a get-rich-quick fantasy.
@@steveknows62 wrong. Bitcoin is for people who understand what quantitative easing is (and what Central Banks do) and despise it. No, not all money is fake. Up until 1971 pretty much all money was a paper note representing gold. That’s when mass printing really began. Even now, money isn’t fake. All Western Money is backed by the US Military/NATO (just ask Gadaffi and Saddam).
@@steveknows62 it’s both just things we have given an arbitrary value to. Difference is that we have been using coins, paper, and currency for longer. While Crypto currency is new. Even then, if you have say $50 000 in savings you don’t have that in your bank locked up in cash and coins. It’s just numbers registered to your details. My worry is. I’m with every leftie, Boo the government and banks. I don’t like or fully trust them. But why would I trust whatever mysterious identity Crypto is. Even though it’s something that is peer verified amongst many computers. It still seems odd, and not very clear.
America 2020: Creates half of all USD in existence in one year digitally US funny man 2021: Our financial system might not be perfect but at least it’s real
@@vambo13257 This is something I dont get with you guys who are into crypto, like ya, I personally see an alternative storage of wealth as valuable, or even etherium is cool bc it can be used for nfts and other stuff, but you guys are saying inflation sucks and therefor the government who makes that inflation sucks, but that inflation is how the world goes round. There is a reason we and most countries left the gold standard, and even during the gold standard inflation still existed.
at the same time I want to point out bill maher right here is also dealing some bs as far as I can tell, like his main point is that crypto has not tangible value, but thats the same with most assets, like a dollar has no tangible value, or even gold, like what are you gonna use gold for besides jewlery? Sure it can be used in electronics, but only a very small amount of it is, so its value is definitely not based off of its utility, just like crypto
@The Paradox Destroyer By that logic, money is just peices of paper. Cryptocurrency isn't supposed to be a product, it's a currency. It's a currency that's worth what people say it's worth, just like "real" money. The only difference is that with "real" money, it's the government that decides the value and the amount in circulation.
@The Paradox Destroyer you clearly missed out and you’re now bitter and broke, we’ve been on it since 2014, if you beg me enough I might get you a lambo
@The Paradox Destroyer The creation of money requires essentially no work. That's not why it has value. The only reason money has any value is through the transactions its used for. Same thing for crypto, it's just a means for transaction, not a product with value.
Blockchain as a open source, easily replicable technology with some interesting potential in the future is real. But hundreds of digital currencies (of which Bitcoin is only the most popular) based on blockchain are not 'cause there's no inherent value to them: the whole scheme is to buy low and sell high before the bubble bursts, then it'll be somebody else's problem.
@@TheKafkianProcess honest question not calling you out, Are you purposefully talking about rug pulls/Ponzi scheme coins vs utility coins as the same thing? Or is it a lack of knowledge, that is generalizing the cryptoverse? If it’s intentional, then have a good day, I’m not a fan of arguing just to argue. But if it’s that you just don’t have enough knowledge and in turn are making general assumptions, then I wish you well at the beginning of your crypto journey.
2:27 "but we know money had to originate from and be generated by something real" .... Sure Bill, Goverments don´t just print out money out of nowhere.
The point is that the current currencies, dollars, euros, etc, are backed by actual value and production coming from all types of jobs or trades that are made in those same currencies. Bitcoin is not. It's not rocket science.
Yes governments can print money, but a government acting responsibly can also regulate how much money is created to help prevent hyperinflation or deflation.
Uh, except he's not wrong about the energy suck of crypto mining. That's a major environmental issue. So when the coastlines continue flooding and the shit hits the fan, your idiot phrase "OK Boomer" will be helpful. Thanks (and I'm a millennial).
@@mikerobinson7206 He is wrong in the sense that he ignores any energy usage by the traditional banking or industrial sectors. Bitcoin is also ideal for making use of otherwise wasted electricity in remote areas. It doesn't need to be grid connected, the cheapest electricity to mine Bitcoin will soon be solar in the middle of a desert with no power grid, or a solar satellite. That is what first fascinated me about Bitcoin in 2010 despite not buying or mining any then. It is a genius way to turn any kind of electricity into wealth, and the possibilities in the future go beyond anything that would be a climate concern. It will accelerate and encourage renewables.
@@TheHackerCraft44 Honestly, at the moment it's a Ponzi scheme, otherwise the majority of people wouldn't hoddle and actually buy something with crypto.
@@TheHackerCraft44 Funny thing is that he thinks he *does* know better than the people explaining it to him... specifically because he doesn't understand. If he doesn't understand it, then clearly no one else does, and it's stupid if they claim they do. Basically a child-like mentality.
In this record time of printing money where your money literally becomes worth less and less every day I still don't understand how people have trust in paper money lol
@@EricDarcman No sir, seems like it reinforces his point which is that he doesn’t understand crypto nor does he want to understand it. FYI There are crypto currencies like Vechain that actually produce physical products, MANA supports a Minecraft type game on a blockchain, Wink has a website were you can gamble your crypto, BTT supports the worlds largest file share system (it’s been around since the early 2000s). If you were on the fence about buying crypto just looking at the companies he mentioned moving into the crypto space should let you know that you may want to bust a move. Additionally, over the past few years companies like VISA and MasterCard have been aggressively moving into the crypto space. Visa has already partnered with Crypto.com to create a very successful crypto debit card that allows you to spend your crypto. Lastly, before February of this year I had the very same opinion as Bill and I used to call crypto “monopoly money” as well until I started researching it and investing in it. Since February 2021 I’ve made about 3k profit. So I’m sticking with crypto until the wheels fall off.
@@EricDarcman You cant have someone explain bitcoin in 10 minutes like bill mentions, no wonder his clueless, it takes months, this is computer science. But I'm happy, bitcoin shows transparency of people's ignorance to those that have spent the time and effort required to learn this amazing technology. Bitcoin is an IQ test and most will fail, but to those that are prepared to sacrifice time and effort to learn will continue to be rewarded as the past has shown. Bill is a Moron and bitcoiners know this.
My neighbors, a young married couple with a 2 year old rent a basement apartment. Got into bitcoin buying, they're still struggling to pay rent three years later. 😒
I've had friends, neighbors, and customers tell me about their investments in these digital currencies over the past 2 and a 1/2 years and they said it was so great and I didn't know what I was missing out on and told me if I learned how it works I could benefit from it too........... ...... and not one of them want to talk much about it anymore.💁♂️
US treasury and several large scholarly studies state hundreds of billions a year of usd are used for illicit activities whereas Crypto is in the millions. Go google block explorer and learn why using crypto is a horrible idea. Then again the FBI does t want you to know that because it’s so much easier to catch you. This is exactly what the irs has been tracking for the last 18 months to get taxes
Networked computers containing trillions of dollars. Gee. Why would any country want to hack into 51% of them for economic warfare? Naw. I cant think of any. Shouldn't have brought it up.
Actually I agree with you (not the part where you edited in an irrelevant project). When these media figureheads continue to deny the relevancy of cryptocurrency, that is probably a good sign for the people who actually know what is going on. His writers think every blockchain that isn't Bitcoin is just trying to clone it lol. One hour of researching Ethereum would probably change their tone quite a bit.
I'm upset because cryptocurrency is not that hard to understand. It's not some mystical made up thing, designed to confuse you, and yet people just write it off as a scam.
@mmdt 123 You realize it's already happened for many of them right? Even outside of Bitcoin, how many dogecoin millionaires were made in the last 12 months? It's not theoretical, it's already a reality. It's funny to see people still making the same arguments people were making 10 years ago, even though they've already been proven wrong. Back then I understood people's skepticism, I was skeptical too. But today, if you still can't see it I think it has to be willful ignorance or just plain stubbornness. I guess some people will never learn. Have fun losing 20% of your purchasing power this year from inflation.
@@tgs1766 I don't even own crypto but in 10 years bitcoin will have passed €500,000 per coin (today it's at €45,500) - I'll come back and update you every couple months just to continuously let you know who the real moron is ... hint: it's the idiot who hasn't the faintest idea what crypto is and thinks he knows best having done zero research.
There are some times Bill gets visibly annoyed and rightfully so - if he gets into a rhythm he likes, all the interruptions throw off his comic groove and momentum lol
He didn't make any arguments, at least not any that makes sense. I wish he actually understood what crypto currencies do, and how they are unstoppable. Saying crypto currency does nothing, has no value is the same as saying banks are useless and needless.
Successful people don't become that way overnight. what most people see at a glace wealth, a great carrier, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.🤲🙏
It's Been So rough for me trade on my own😐😔 because l have had a lot of losses think the real market is manipulated Please, can Anyone help me out or tell me What I'm doing wrong😥😓?
If you're holding crypto, you should already be aware that you will only win/profit if the price of the cryptocurrency rises. On the other hand, you might want to consult with a professional to diversify your holdings and increase your earnings.
And this is the very reason I pledge little allegiance when it comes to many people because here we're one day loving them and the next day they go bat-shit off their meds and speak crazy shit like what my "mentor" Bill Maher just did.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Can’t wait to watch this in 10 years
why? he already addressed how the market cap doesn't matter.
🚀🚀🚀🚀🚀
Or ten days...
For his sake, I hope it ages well. I hope I am alive to return here and say "how did it work out"?
@@kalalakapay just calculate your gains if you just put your first stimulus check into BTC. Ahhhh duuhhhh. 🙄
I promised to come back to this clip at least once a Quarter. This is starting to age like fine wine.
lmfao beat me to it!
Wait another 3-5 years. Remember who’s the people who always shitting on new tech.
@@teddymonadnock9724 Crypto isn't "new tech".
@@johnjames502 you don’t get crypto if you think it’s old. Most blockchain networks are still in development stages.
@@teddymonadnock9724 Crypto is not technology, it is dung. Hope you didn't buy any. Before you do buy, you need to rewatch this video and watch Warren Buffet's comments which are all over youtube.
UA-cam, please suggest this video to me again in a year. Carry on.
It will age so badly I downloaded it.
@@TheHeretic435 download why?
@@TheHeretic435
You mean because cryptos will still be here, or because they will suddenly acquire an intrinsic value.
The former is likely.
The latter will never happen.
@@TheHeretic435 lol that’s a good call. People are going to feel so stupid in the near future. To hate against bitcoin and crypto is seriously a detriment to humans.
Bill Maher is nearly 70. When you get past the hair dye, the Bosley implants and plastic surgery, He's literally nothing but a typical, kooky old man who hates everything he's not familiar with.
It just so happens he's also a trump hater, so the mainstream indulged him a little longer than it normally wold have. But rest assured. His days are numbered.
"Cars are bad for the climate, but at least they take you somewhere. In Tiger Woods case, a tree." Omg I spit my drink 🤣
“I don’t understand it but let me explain to you why it’s bad”
He doesn't understand the appeal. He fully understands how it works.
It's just another ponzi scheme for doomsday lolbertarians.
Bill is clearly over his head. He literally blames bitcoin for the 2008 subprime mortgage crisis.... lol. Bitcoins publicly visible transaction log would have PREVENTED wall st from being able to repackage these useless loans derivatives that received an A rating.
Not what he said ... he said i don't get and neither do you and i'll explain why ....
Now if you do understand ... and have points to refute the objections the questions he raised .. please share :)
@@Shawnwick11 Um no, he didnt say that "lol"
@Sean Ryan Exactly, it seems some people just like to lie for meaningless UA-cam likes.
Meanwhile half of all the USD in existence were printed last year.
I swear man. All money only has the value that people put on it. It in and of itself it's worthless. It's all worthless
There is a huge difference, dollars are not being speculated on
@@chineseviruszombie773 there are literally markets for dollar speculators...
money is just made up to. Lets print some more!
Guys...no matter what you do, don’t tell Bill about NFT’s 😀
you're right! Let's print some more money.
Yes, cash, the real monopoly money
Nothing wrong with printing money if you're familiar with modern monetary theory.
Lol for real. Bill is a big bank shill.
@@ScorchedEarthRevenge mmt is bullshit to justify bullshit decisions
@@ScorchedEarthRevenge Modern monetary theory only appears to work, because we're the fiat currency of the world. You keep printing money and the other countries will move to another standard. Once that happens to us, you'll understand just how stupid modern monetary theory is.
Modern Monetary Theory = Death by a Thousand Cuts.
Not being sarcastic when I say this is Aging very well.
Hi Vic 👋How so?
Considering in 10 years Bitcoin went from $11 each to $17k each I'd say you have a bad memory for financial history.
@@nikone4129 28k today. Bill is bitter and so are 90% of these comments
@@HandleThiSS88 2 Days Later = $30k
50K today
This is gonna age really well, or really bad.
Really bad. Really really really bad
its already gonna be quoted as "old people talk about things they don't understand"
Senile tier argument by Bill literally geniuses behind some of these blockchain tech that will revolutionise the economy in the future.
This is so embarrassing for him. He’s condemning something he knows nothing about.
The way i see it is.. it's another unregulated bubble... what happens when there's no regulations or rules for a bubble.. it grows, what happens when it grows too much?? who knows.. Kablooie!!
“Easter bunny cartoon cash” idk man, sounds a lot like the US fiat dollar.
At least its backed by collateral aka U.S Citizens since1933 via house joint resolution 192 and trading with the enemy act. Bitcoin is backed by Chinese miners powered by coal.
Sounds like an offended nerd lol Internet is full of ponzi schemers selling imaginary shit
@@illuminatti5542 lol can't stand these crypto shitz.
@@illuminatti5542 It's almost like in the "real" world... crazy... So because some humans/cryptocurrencies are criminals, ALL of them must be criminals... Yeah... that sounds like a familiar argument from a different discussion... I thought we were beyond that point of "reasoning", but not quite yet... not quite yet... ah well :) Have fun and good luck with your personal investments, whatever they may be. I wish you good fortune none the less. :)
@@AfterKai48 Exactly. The U.S. Dollar has value because we all pretend that it has value. Same as bitcoin. Same as ANY fiat currency.
“It is well that the public of the nation do not understand our banking and monetary system, for if they did,I fear there would be a revolution on our doorstep before tomorrow morning.” Henry Ford
So the solution to the bad economic system is an even worst one? With pump and dump schemes and ponzi schemes?
That thing gonna crash eventually.
@@therrydicule Everything you describe is also part of the conservative financial system. Crypto is just a potential for change.
@@therrydicule The stock and housing markets are going to crash in a big way within the next decade. But let's just ignore that.
The guy who was a notable antisemite and thought Jews were taking over the financial system.
Lol crypto is fraud... it's going to come crashing down on you why do you think they're financing the IRS? All of your internet data is screenshot by the FBI, nothing you do is impermanent or private. You are screwed.
Returned to watch this after the fall of FTX.
Maybe you should come back and watch it again.
Guys, it confirmed. We are still early.
I love you.
BIG FACTS 💯
the crypto circle jerk begins ^
@@AdrianMark We have gone through this already since 2013, the only people jerking each other off are those who said "it's dead, party is over" in 2013 and didn't learn.
Yep this video was very reassuring. Thank you Bill Maher for keeping your followers stupid for us.
Came for the Monologue, stayed for the comments 🍿
But this isn't the _Monolouge..._
It's *New Rules.*
❤❤
If you're coming to Bill Maher's channel to watch his content you're doing it wrong. I come to enjoy the comment section as an old Boomer yells in the background telling me to get off his lawn
I came for CumRocket
@@samus598 C
LOVE IT! & YOU, BILL!!!
IT'S FINANCIAL "DISNEYLAND"
and, just before I die..
Hooooow appropriate!!!
😔🤗💚💤💤💤💤💤🇺🇸
I think Elon Musk just saw this video.
Yep, came here to say the same :) and for that alone, Bill should be commended
Thought the same thing too.. yep.. looks like Bill Maher is watched by all the movers and shakers of society..
I think this is an excellent buying opportunity🥰
Elon will probably just move on to proof of stake based crypto which requires very little energy...
@@fahimp3 I don't think so.
This monologue MUST be turned into an NFT...
I got five on it
I’ll buy it
Hahahaha!! Burst out laughing in a coffee shop when I read this!! I bid 10, btw!
11 good sir! This bit should should be one of the most valuable NFT’s of all time
I'd definitely buy it. Wait 10 years
I like how Bill openly admits that he doesn't understand it and everyone claps and they don't understand as well.
EXAAAAACTLY!!! Just a room full of seals clapping their flippers together for stinky fish. Literally, nothing he said was based or backed by any fact or statistic. All false numbers and incorrect comparisons.⁸
Oh come on, it's not like you understand it either
Except, the more you understand Bitcoin, the more you understand that it's not working. It only courts attention when it goes up in fiat value, which shows that people are using it to speculate to get more fiat. It's too volatile to be used as a currency and it doesn't have any utility.
@@Shatter84 🤣🤣🤣🤣🙈
@My Tale 🤣🤣🤣🤣🙈
Me through this whole thing: THAT’S WHAT ALL MONEY IS!!!!!
Nooooo.. the paper money is REAL.. dur dur dur (sarcasm)
Yaa I think the concept of money has flown right over his head lol
Not all moneys beskar value skyrockets.
yes, but you're introducing to an already volatile "real" money system.. more imaginary currency, that only exist on the internet... how can you see that scenario and say "well this is soo simple to figure out.. it's sooo simple!"
That's why I only save in 2x4 lumber beams.Lumber to the moon!
This is aging like fine wine.
Too soon. Come back in August 2025
I'll take that bet.
Definitely
no no divine milk is the Golden Ticket it comes from a bull rocket bottled in glass with a creamy top of delightfullness😮❤
@@mikev7355 too or bottoms😅
I’d love to see the comments a year from now.
@ Bob Costas, I, too, am looking forward to seeing how well a lot of these naysayers' comments age...lol.
Sadly, a lot of people are clueless about the changing services and infrastructure rapidly changing all around us...blockchain, Bitcoin and other cryptocurrencies ARE the future, whether the naysayers acknowledge them or not.
I will be a millionaire a year from now.
Bill is probably still looking for a Blockbuster so he can rent some VHS movies.
There’s nothing like Vaudeville
i am a time traveler that has summoned you 3 years later. you are welcome
He got so upset when his sleep audience cheered for doge coin LOOL
He is a joke ! Literally lol 😂
That wasn't the reaction he was expecting 😂
🚀 🚀
The look on his face when they cheered was great. He seemed surprised and annoyed at the same time.
Dogecoin is loved by everyone including people who dont even like capitalism like me i dont even like capitalism but investing in cypto is the future
Can’t wait to see the “can’t wait to see this in ten years” in ten years
10 years..? um you'll only need to wait ...10 weeks !
Oll'ld Bully Boy ...
jumped the 🦼🦈
shark with this one!
Ssaad!
In 10 years the dollar will probably already have hyper inflated and crashed. That's the kind of thing that tends to follow having 40% of your currency in circulation printed in the span of a year.
@@matthewaislabie7354 10 weeks for what exactly? what's going to happen? My bank will become CumRocket?
you have been summoned early get rekt fool
This comments section was hilarious last year. All these idiots with 50k+ averages yelling “have fun staying poor” and criticizing anyone not in the cult as not understanding the technology (of course, none of them understood it either). Now it’s 17k. Can it go higher in the future? Possibly. But everyone who went all in at the top last year and has been “buying the dip” with borrowed money down to 30k has already been wiped out.
Exactly
The Crypto hoax is toast, it’s in its last throes just the whales left illegally propping up the price pumping and dumping.
RIP Shitcoin. 😂
Why do you think billionaires are shitting on crypto currency? Because their wealth is tied to centralized banking, meaning power and control, over you. The entire point of crypto currency is to get away from government controlled centralized banking, no government or third parties controlling buying power. Tyrannical governments have happened many times throughout history and to deny that it could never happen here is exactly the mind set a tyrannical government wants you to have. Giving complete control to a government is reckless and completely insane. When a government tells you: “hey we love you, you can trust us, we are looking out for your best interests, by the way, we need to take your firearms too, that’s also for your protection,” trust me, they are not looking out for you.
Any person who toke a loan to buy a highly speculative currency without the capacity to paid, it is the one who shouldn't be in the market. Bitcoin is a 20 years investment.
And the tech related to ethereum blockchain the fundamentals of the new web.
They would only be wiped out, IF they sold there Bitcoin! As long as you dont sell on the way down, you are fine. Just wait for it to go back up to New All time highs and above like it has done every 4 year cycle for the past 13 years.
Also i will point out that the Stock market, including the S&P500 has fallen just as far down as Bitcoin. Along with the housing markets and everything else, so Im not really sure what point you are trying to make here...???
Thanks Bill, you're making me feel young.
Boomers are great aren't they?
Hollywood elites big mad poor white people figured out how to cheese life too.
@@divine0enigma Lol...shut up.
@@slider292 from poor to millionaire in 3 months, you could too or you can stay poor. $ERSDL
@@divine0enigma Yeah, I'm not poor.
"I don't like this new-fangled fantasy money. I'm gonna stick with the old-fashioned fantasy money."
Who knows who's paid him for this speil. The big bankers are buying up billions in crypto right now.
@@analogdistortion that's Chaos Corner's
PIONT.
It's all pretend value monopoly money.
It's always been "fantasy money" since we came off the gold standard. However, money represents work. And I guess now it represents computer cycles?
@@tonya3916 money is a store of value backed by ____. ____ traditionally was governments. Now ___ is backed by blockchain and people who pay Billy here hate that.
My thoughts exactly.
I printed out Mapquest directions to get here.
damn, i remember those days lol
Can you IM those to me on AOL? 😁
@@bry2k lol
Lmao this reminded me of my 2002 Subaru
listening to my mp3 player
1 Trillion in loss,Bill was right
One of the first I saw that called it like it is.
How much did stocks, like the S&P 500 lose? Which has done better during the recession, stocks or Bitcoin?
@@nikone4129 Shouldn't bitcoin be, like a currency or smth? Used for buying and selling stuff, instead of waiting go up so you can get rich?
was he still right?🤣
This clip is going to age about as well as Bill Gates on David Letterman trying to explain the internet
This clip is going to age well after Bitcoin finally crashes
2+Trillion U$D in Crypto value can
not be dismissed or 🦶🦶🦶...🦶
+++> ignored.
Reality!!! ... is what it is. ...
It''$ independent and immune to
sentiment, dogma or tradition.
It is essentially a shield
from all the kraterocratic
shenanigans from all the
corporate oligopolies and
desperate global Central
Banks. A Shield, for a true
store for Value for here and
beyond; true = independent,
incorruptible and Universe-al.
Nobody is going to collapse 2+ Trillion U$D
of Wealth from the economy, "today" - which
will only grow at an exponential rate w.r.t.,
eeevven, the M2 U$D in value, into the future,
tomorrow. ... That's the "reeal" Reality. :-))
@@jojopuppyfish lmao it won't tho but the US dollar is dying right now lmao
From any Economics 101 class, I have bad news for Bill about the "realness" of money...
Yeap.
the *USD* has been based on _Nothing..._
*(since August 1971)*
🔥🔥
Paper money only has value because it's packed a finaical institution aka the US government and same for any other country and that's from my High School education
@@HughJass-313 Morons, the USD is based on the US economy, assets and infrastructure including the stability and power of the country to repel all enemies and project its power across the world to the extent that the dollar is the world's reserve currency and oil is traded in dollars.
All money, including gold, depends on the tacit agreement of people to accept the value of it, given more or less assurance that it's value will endure. That is not "nothing".
As Bill correctly points out, the power used (and carbon released) is obscene and a negative to the system which is straight PONZI. Sorry libertardians.
@@pas9ify
Nothing you said changes the fact that:
USD is *FIAT.*
It's Value is based on Nothing but *tinkerbell power.*
(which only made this segment even more ironic)
The USD is the 'world's currency'... until it ain't.
The Petrodollar is USD... until it ain't.
If an *Oil Selling Nation* decides to STOP accepting USD...
there's NOTHING the U.S. can do about.
Well... Nothing, accept invade/destabilize their Government( a la *Libya).*
But If an alliance of *Oil Selling Nations* decided to STOP accepting USD...
It could be the end of USD.
Read about:
Muammar Gaddafi Gold Denari.
Saddam Hussein Euro petrodollar.
The U.S. didn't *destroy* those nations by coincidence...
🔥
@@HughJass-313 You seem to miss the point widely, maybe purposefully. I ACCEPT that all money, including the dollar is fiat. I said that up front, yet you keep snarling and foaming about it.
USD is fiat, so is crypto, so is gold. Silver has more industrial use than gold, but it's 10 times cheaper, why?
The only argument you MIGHT make is that the fiat in gold comes from holders of gold USD comes from the government. But that argument also falls flat, since, at least in theory, we citizens control our government. While gold holder are the wealthy.
Still fiat, no matter how you slice it. Based on "nothing" as you say.
Your position is popular, I will give you that. Since Reagan, "government is bad" has been the mantra. If you and your other brainwashed multitudes ever stepped back to look at the equations of power logically, you would deduce that less power for government means more power for corporations & the wealthy, hence less power for you, armchair libertarian, unless you are welathy, but then you wouldn't be on here arguing, you'd be on your yatch.
A wealthy guy (BF Goodrich) twisted "Libertarian" into a disease to control the masses for the good of the wealthy. Same people invented crypto (as well as PayPal) and they have all of us by the testicles.
But expecting you to understand, or even more to do some research into all of this is like expecting my dog to understand Melville.
Now I'm worried in 30 years nations will be using Cumrocket as official currency
Thailand
after 30yrs they will be lucky to produce either of the actions the name suggests...
😅
Please explain what problem Bitcoin will or is solving?
Zimbabwe
Bill Maher is proved right EVERY DAY.
Sounds like something Bill Maher's audience members say in between their hyena laughter fits
Let's not get too carried away. He is still a fool who happens to be right sometimes.
ua-cam.com/video/32z5aYPPvwY/v-deo.html
@@tmo4330 How come?
@@ikariameriks Psalm 14:1.
"...creating billions in virtual space with nothing ever accomplished." Congrats bill you figured out what our banks are doing all day.
Banks mostly operate with real money, money backed by GDP. Crypto is Las Vegas play money, I hope you win, but most will lose.
@@valgehiir do you mean debt which has surpassed 100% of gdp? GLWT
Great one 🤣
@@valgehiir "Real money backed by GDP" Fiat money exists mostly in a digital format, just like cryptocurrencies and stocks do. If a places GDP is the backing or foundation for a currencies value, couldn't you also say crypto currencies are backed by the GDP of the people buying it? They all require faith/hope that you'll be able to trade that currency for something else of value later.
@@JesseFaught Actually crypto is backed by a ledger that keeps track of all transactions.
This put a huge grin on my face. He just reinforced that we’re all still hella early in the game 🔥 💰
lol we're ganna be rich af HODL THE LINE takin these boomers cash
lol so true... there aint no difference in a paper dollar and a crypto bit. we all attach value to it because we want to... i cant eat a fucking dollar can i.
@Papascrub I’m not in denial I just bought a Denali
@Papascrub The only person in denial here is you, people are making hundreds of thousands of dollars and I've personally made 20k since I started last year, but just keep dismissing it as "fantasy internet money" cause the tv talking head told you to while him and his buddies are all buying into it.
@@poopoomcpeterson137 people always make money before the bubble pops
2023 headline: Bill Maher reveals his top crypto purchases of 2021.
He probably invested in Dogecoin.
He’s holding bitcoin
@@celynne58
That's funny.
Like the Qanonheads who think that they're in on some secret that the rest of us are excluded from.
@@celynne58 But wouldn't it just drive his bitcoin up if the peasants get in on it?
@@Gymnopediea Shush! Never try logic on cults.
I’m conservative, but very open to peoples perspective, listen to you all the time, this was a spot on segment
Bill doesn’t pull his punches, and whether you agree with him or not, he usually has a good point. This segment opened my eyes to crypto at the time.
@@screaminpman I don't agree with much of his politics, but he has the balls to come out against the crazy left loons with some common sense, and frankly obvious information that makes them look stupid, and I like that.
@@michaelmancini5773 Yup. And he has plenty to say about the American Taliban that’s currently running the GOP.
@@screaminpman Check out R J Rushdoony. He wrote the playbook they use.
@@michaelmancini5773 Same here. Sometimes Bill seems to know what he is talking about. Other times he quickly reveals that he is a complete fool. You can't say he is a fence straddler.
"I don't care that your phone takes pictures. It's a phone, not a Swiss army knife." Bill Maher, 2003
Bill missed that one by a mile!
It's called comedy in case you forgot
@@jrom72 that attempts to inform people.
@@jrom72 Boomer comedy 🤣
@@billbosch9127 even boomers like crypto.
Bill is just anti capitalist.
“And now let’s have a big hand for my next guest, Peter Schiff, everybody!”
Right?! I hate that guy.
Schiff is a jerk
Schiff For Brains
@@vvvedova7157 GOOD ONE!!
Here is the Peter Schiff hustle. Constantly predict a crash. It doesn't happen, nobody notices. When the crash finally happens, claim that you predicted it
I agree with one thing"peoples greed will drain this earth"
The "earth" won't be drained. It will just become inhabitable for humans. Can't wait for that day. Hope it is in my lifetime-- I mean, deathtime.
Both of you are wrong.
Nuclear power can fix global warming.
Quit being so nihilistic.
Clean your room.
That’s insane how much energy it uses. I don’t see nearly enough comments addressing this fact.
People never truly think.
I’d reply in full but I don’t want to use the energy
It's pretty terrible
Bitcoin uses a lot of energy, but the system scales with the number of transactions. Bill's figuring was BS because that scare-mongering factoid was based on a false assumption about the per-transaction cost.
Here's an analysis. And they're not even climate change deniers.
ua-cam.com/video/nvtGQ-7O1Tw/v-deo.html
Good thing our money is backed by gold - and we’re not all just pretending like it’s not backed by anything. 👀
SARCASM ALRT
@@KillScreenCS2 What? You mean it's not? Hodl on
The US dollar is backed by the size of America’s large and relatively stable economy. People bet that the economy is going to generate trend upwards and continue to influence the globe, so they put more value in the power of the American dollar, thus strengthening the currency overall. This overall stability is why we stopped using the gold standard, because commodities don’t have such stability and can fluctuate greatly.
@@luke_cohen1 some would say our economy is backed by debt and interest rates. Bitcoin is backed by thousands of users. And a cap of 25 million bitcoins. As of today they are worth a lot. Both are very similar. Minus the debt, and interest.
Wait, in 1890, money was completely backed by gold. And gold was backed by...people believing a hard-to-come-by shiny metal was worth hording underground. There's enough gold out there that's been mined, to cover every 5th building from top to bottom in a thin layer. So even when currency was backed by gold, Gold was the BS that people believed in. It's not like the world needed gold then. Funny enough, now we do. Pitty too, because most gold is still packed away underground by governments for antiquated reasons. Lol. I hope they bring it out so we can use it in tech, and maybe back USD currency with Bitcoin... that way the "worthless nothing" that's believed in by millions, will serve a bigger purpose, and not be taking away an element like gold, which we need as a electrical conductor in most electronics.
Bill: "I don't understand bitcoin and neither do YOU. Now listen to me as I explain how it's nonsense."
He understands enough to know it's a Ponzi scheme..
@@dementedacademic Fiat money is a Ponzi scheme since the government forces you to use it at gunpoint. No one forces you to use Bitcoin.
@@managerialelitetoaster3456 money is not a Ponzi scheme...the govt guarantees the value... Wtf
@Sky Gardener Well sure but that's like saying if I invest in companies on the stock market and they go bust I lose everything. With fiat money the fact the government continuously adds money to the economy reduces the value of fiat money. If you had $100k last year it's now worth $90k, and so on. All the government does it devalue your money. On the other hand there is a limit to the total number of Bitcoins, thus the more people who use it the more it's value increases.
@@dementedacademic Guarantees the value. By continuously decreasing it's value. Everyone uses fiat money because they're forced to, people use Bitcoin because they choose to. Because they understand how Bitcoin actually works unlike Bill Maher and his audience.
Can’t wait to see this in 10 years...
It will be proven true --- and all of us will be dead. thank fuck.
@No Commentary Gameplay I'm pretty sure bitcoin will out live Bill Maher.
never seen people so excited to see something in 10 years
Or now
in 10 years you may not have enough electricity to run even a light bulb, when all the oil, gas and coal production will be shut down. So, in 10 years you will be playing this video in your head only
2 types of people in the comments: logical people who see the facade of crypto, and bots promoting crypto with 20 replies from other bots.
You should convert this into a tee shirt when BTC overtakes golds market cap.
And yet...
the *USD* is based on _Nothing._
*(since August 1971)*
🔥🔥
Except the productive capacity of the country and, if that's not enough, the might of the imperial military.
Not on "Nothing"...but on "full FAITH and Credit" of the United States government. So as long as you believe in the US Government the dollar has some value...Personally, I'll put my faith in Tinkerbell.
Wrong. You need US dollars to pay your taxes what gives it an inherent value.
@@trajan74
I'll definitely give you the *Might of the Military* 🔥🔥🔥
But you can't make THE REST OF THE WORLD accept USD... if they don't want to.
and Especially since...
the US doesn't MANUFACTURE anything anymore!
(they didn't even manufacture FACEMASKS a year ago)
See what I'm saying?
❤❤
97 % loss of value
wow, not a joke. Cumrocket just went up 33% in the last 24 hours (Bill might have unwittingly helped that rise)
Wouldn't be surprised if he bought a ton of it Friday afternoon and will be selling it today...
The 'Colbert Bump' is real and I'm sure Bill knows he has that power too.
LOL
@Juan Suero Anyone who puts ALL their money in one thing is pretty dumb...
But crypto does do something pretty important, so unless governments regulate it to death, it'll probably always have value. There's no central bank or government to declare it no longer a currency, so there's no reason to think it will ever be worthless like many paper currencies have become. If you think about it, even US cash will devalue itself to practically nothing given enough time of inflation, so you kind of have to invest in something. Everything is a risk though. I don't blame people for betting on something that's finally not controlled by 'the man'. The arguments against it sound just like all the people that have been telling me for two decades I should sell all my Magic cards because they weren't going to be worth anything soon, and every year I didn't listen while they consistently outperformed the stock market. Is that investment any worse than the housing market that people manipulate and destroy? The stock market, a lot of which is bets on non-physical things, or futures, or whatever other shady stuff like micro trading that's being used to siphon off value? I guess bonds might be safer, unless the next insurrection is successful and actually topples the government? Nobody knows. Invest in what you know and diversify, that's the best you can do.
@Juan Suero Assume much? I already get 4 weeks paid vacation a year. And crypto does do something important: it's a borderless currency you don't have to rely on 'the powers that be' to use or exchange and are also fairly untraceable (or at least cost-prohibitively-untraceable for 'small fish'), and the fees are a tiny fraction of what the banks get out of you. For someone who supposedly worked with blockchain, you seem to assume a lot without knowing anything. You also seem really angry about all of it. If you think it's a bad investment, don't do it...
I bought CumRocket at .011 and sold at .025
Is he talking about the US dollar? ... I think he's talking about the US dollar. 🤣🤣🤣
@@krystal5887 But they are tied to the means of production through something called proof of work, might want to look it up. And while you're at it the Fed printed 40% of all the dollars that have ever existed see of you can find the extra means of production that jumped into existence somewhere.
@@krystal5887 not really. About the only thing it's even slightly pegged to anymore is oil. Just barely hanging on to that.
Buying Bitcoin is the best gift you can give yourself at this point in time especially when you have a good trader
I have secured financial freedom by investing in bonds, equities, EFT's and some digital currencies
Mrs maria jones is legit and her method of trading works like magic shes one step ahead of other traders.
I think I am blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Maria Jones
I think that she is the best broker I ever seen
yes I'm also a living testimony of expert Mrs Maria
I would put everything I have into an NFT of this monologue.
😂
I’ll buy it for 50 eth.
@@brads008 doesn't matter. Shitbird Maher was roasting Bitcoin AND crypto in general. Ethereum is a crypto and he roasted that too. The only funny thing about this video is that neither he, nor his mind blowingly ignorant fans know the slightest thing about crypto.. bitcoin, ethereum, or any others.
Meee tooo!
You wouldn't!
at least it’s real. You mean the currency 50% of which has been printed in a single calendar year
Also $80B of stable coins printed this year
Enjoy being destitute because you traded your actual money with the full faith and backing of the United States Treasury for a "bitcoin."
So what? There is a recession, so we need to jump start the economy
@@therrydicule There isn't a recession, our economy is growing. Bitcoin trading doesn't jump start shit but it does inflate a speculative bubble. I'm selling NFT tulip bulbs, want one?
@@frams12 My crypto has gained over 600% since January, and I have used part of it to purchase over 6K worth of actual products with only seeding 600 US Dollars in 2018. Let me know when you find an investment that has gains like that. By the way, 53% of US Dollars are virtual and only exist in computers as yet another cryptocurrency.
"First they ignore you, then they laugh at you, then attack you, then you win." - winners.
Yep
Can confirm went through the ignoring and laughing 2018-2019...
Crypto has given me the financial means to pay for a masters degree I’m currently working on. The money is “fake” but the impact has been real.
@Sebastian great argument
@Sebastian BTC is digital gold. A lot of people think owning gold is useless as well. No biggy. I'll keep stacking sats while the printer goes brrrrrrrrrrrrrrrrr
First time in my life I've agreed with Warren Buffett.
I guess Bill first read about Bitcoin in a printed email just yesterday.
Good point! The whole "Bitcoin carbon footprint is to too big" is misguided. Compared to what? Producing Fiat money in the way of copper, nickel, paper, cotton, mining precious metals, minting coins, has been going on for 100 of years across the globe. That carbon fiat foot print is 10,000x bigger than anything Bitcoin has ever produced. At least mining virtual currency doesn't strip away forest and mountain sides to mine for precious metals.
I studied how it works back in 2009 and came to the same conclusion. His analogy about guessing a number is of course, not how it actually works, but it's close enough in the ways that matter that it makes a good analogy to explain it to people who don't know what a hash function is. It uses artificial make work to intentionally waste computing resources in order to make sure that of all of the miners in the world, only one of them guesses the right number about every 6 minutes. The more miners there are, the more cycles have to be wasted.
No matter how butthurt you are, what bill said is true. You know it but don't want to accept it.
“There is something inherently not credible in creating 100s of billion in wealth, without anything actually being created” yes there is but I don’t see you criticizing the FED for doing that for the past few decades....
Except inflation occurs to correct that...
And the fed has a miniscule carbon footprint by comparison.
@@thursdaythought7201 you mean you and I pay for it with inflation.
@@PDXVoiceTeacher cArBoN fOoT pRiNt just because you can’t objectively measure it doesn’t mean it’s minuscule. It cost carbon and a lot more to have those warships across the world securing your system aka the almighty dollar.
@@JackJohnson314 meh. You're off the rails and moving goal posts. I can measure the energy it takes to create dollars. It is less then crypto.
This could be labeled. Rich Old white man is scared of something he doesn’t understand so he lashes out. I wish you fought Wall Street this hard...
Buffet farts dust and Bill sniffs it.
He doesn't understand it, yet he can give a 5 min. speech on it. You do not like that he speaks in facts and not wishful thinking.
he's not White he's Jewish
@moe raff hahaha JP Morgan, Tesla, Goldman Sachs, they’re all wrong, but you’re right. Good luck with that.👍🏻
Wall Street is holding most of his assets I'm sure. He's gotta be nice to his overlords.
This is by far the best "new rule" segment EVER!! spot on!
ua-cam.com/video/32z5aYPPvwY/v-deo.html
Can't wait to hear his monologue on crypto in 2025 lol
it'll be the same as it was in 2021.
Yeah...🙄
You won’t be happy. Neither will your bank account 😆
@@ian12346 we don't store crypto in our bank accounts. And have you ever thought for a second that these celebrities, banks, and business news channels shit all over crypto for a reason? Jami Diamond use to shit all over it and tell people how dumb they were buying it. Then the price dropped and JPMorgan bought up shit tons of it.
Stop listening to the idiot box about what you should invest in. They're lying to you so they can get richer. They only tell you something is a good investment after they're balls deep in it so you can again, make them richer. Or go back to sleep and believe whatever you want to believe.
@@ian12346 the entire purpose of decentralized finance is to keep money... get this, NOT in a bank account. It’s cool man, if you don’t get it you don’t get it. Put $100 dollars in a bank right now and earn what, 1% annually on it? Less? Oh but wait, that money is inflationary bud. So next year your $100 is now $101 but has the buying power of $99. You know who benefits from you putting your money in the bank? The bank.
As warren buffet himself said "be greedy when others are fearful.
Spot on 👍
there is no fear here. this is the hugest bull market in crypto history. buffet wouldn't be greedy on crypto today.
As warren buffett himself said ''bitcoin is rat poison squared''
Nice one
@@hubblebublumbubwub5215 Buffet also hated on gold and then he bought Barrick Gold. Watch what they do not what they say. ( ;
I really question why they cheer so hard about things they don't understand.
Someone doesnt understand. Are you sure it's them? Let's revisit this in ten years and we'll see how this all plays out. My guess? Not how you think.
I watched it after a year and things seem to go Bill's way😁
bitcoin will always be worth thousands, and im not talking monopoly money ;)
@@erikanderson8186 difference between someone who knows and someone who doesnt is education on the subject. Go educate yourself on the only decentralized currency. . . I mean its the only way to make the stockpile of cash the rich have worthless. Bitcoin cannot be manipulated by man, and was once worth a dollar a coin. . ya know. . like the us dollar was worth one dollar. .. Hmm .. wonder why they created all these regulated altcoin scams. ..oh to hurt bitcoin. . but did it. . HELL NO .. Still worth thousands bruh
Watch it again in 5 or 10 years. It was brutal watching the BTC I bought in 2013 drop from $1,000 to $200 in 2014 but I’m not complaining 8 years later
@@erikanderson8186 Yea you absolutely will never be able to tax them. Perhaps steal or rob them, but they can avoid taxes easily.
@@erikanderson8186 huh?
I like how at the beginning he admits he doesn't understand cryptocurrency and then spends the next 8 minutes explaining why it can't work.
Exactly.
Well he makes the claim that none of us do, either. In my case he’s right. I don’t know where he acquired the knowledge to speak for all of us though.
@@DougWolfe I spent a lot of time learning about it, when I first found out about BTC. There are 10 minute UA-cam videos that can explain how it works. So yeah, you're right, he doesn't speak for all of us. Also, there are a TON of crypto assets that don't use mining.
I thought like he did up until 2017.
No, he is saying he doesn't quite understand the speculative mania, giving Dogecoin and Cumrocket as examples of the phenomenon.
Sounds like Bill bought that $60,000 top.
LOLLLLL too true
@@EthanWarner True. If he had bought 10,000 Bitcoin at $6 and held it unto now he would not be saying this
@@JRMiracleman he's clearly just ignorant to doing any real research bcos he would quickly find out that he's completely wrong
@@EthanWarner how exactly is he wrong?
@@ADDwithJTC just because you don’t understand something it doesn’t mean it’s useless or has no value
Streaming a video off the internet was a joke in the 90s. Now I watch everything on the internet.
We are LIVING online now!
But it was real
@sisuphos it has governments backing to a certain amount if banks go down
Technically all money is imaginary but it’s about what money you can trust as a legal tender
Everything ends here - money has to be stable for it to be spent
If your $10 bill could be worth 15 tomorrow you spend it so that bill can’t be assumed as currency
It became an asset ( an unproductive asset)
So Bitcoin Is neither currency nor asset
Tbh I don’t want it to go down as I have 2 bitcoins
But that doesn’t change the fact it has no backing no fundamental value
@sisuphos Fiat money doesn't multiply in value. There's no such thing as investing in money. In fact, money almost always depreciates over time. So what's happening with Bitcoin wouldn't make sense even if it _was_ the same as USD, which it isn't.
It was a joke because the video quality was a fucking potato. Now it's as good or better than any source out there. Infrastructure made it possible.
You’ve got to love Bill’s audience
They clap when bill says Bitcoin is a joke
They also enthusiastically clap when bill mentions Dogecoin.
It was hilarious how they went nuts for Doge, then they clap "WOHOOO" when he says crypto is a joke. Bill's audience tends to be the worst. They never know when to laugh cuz they always are either too woke-offended, don't get the joke, or are hypocrites.
@@DatingDilemmaBreakdown its probably fake
Because they know that Dogecoin is the biggest joke of all cryptos.
Right..
Bill Maher Studio Audience is the worst character in television history
“I don’t understand cryptocurrency, so let me tell you why it’s bad”
If you can't understand something, why should you trust someone who is passing it off as a store of value. Gold I can understand because it has substance and takes human labour to mine from the ground. Bitcoin is a human creation that relies on people wishing it to be something of value, does that make it so?
@@gigie555 It has value because it has utility to people, its as simple as that.
"Bitcoin is a human creation that relies on people wishing it to be something of value, does that make it so?" YES IT DOES! Value is subjective!
If people value something, then they value it, whether you like it or not.
@@emperorpicard6474 Yes Dutch tulips also had utility but when the price of a tulip bulb was valued at more than the price of a house, people woke up from their daydream and realised the utility value they attributed to it had been blown way out of proportion.
@@gigie555 Lol, comparing cypto to tulip menia.
Crypto has already gone through a few declines and has recovered every time, I would hardly call it tulip menia.
You are seriously underestimating the utility of the underlying blockchain technology, I think there is huge market demand for a immutable ledger that you are not seeing.
@@emperorpicard6474 Whatever...
"Old Man yells at the Blockchain"
Grats, Bill, you've reached Abe Simpson levels of being out of touch. ;D
+ 1 8 1 8 5 4 0 1 9 4 1
Old man yells at cloud.
😅😅😅
It may not be any more or less fake than other forms of currency but please explain how this version that consumes vast amounts of energy is an improvement over what already exists.
@@pete3953 If you're just talking about BTC then yes it does use a lot of energy but if you looked up many of the other coins they're already making it way more energy efficient than BTC.
First they ignore you
Then they laugh at you
Then they fight you
Then we all win
XRP, ETH, VET, ADA, XLM. To the 🌙.
Exactly what I was thinking lol
@@salochoa6877
Better yet, get a job.
The money you make with them will be measured in US Dollars.
Which is what you'll spend.
@@steveknows62 that's funny, you obviously need a job, consequently I no longer have to work thanks to all the money I make in Crypto.
@@salochoa6877 how you make money in crypto? Passive income?
"There is something inherently not credible about creating hundreds of billions in virtual wealth with nothing ever actually being accomplished and no actual product made or service rendered."- A wise man once said..
Someone should tell the fed
what's the difference in paper fiat currency that is backed by nothing and crypto currency backed by nothing? The fed can't print more crypto!
@@engineeringreality7878 You took words out of my keypad🤣
@@engineeringreality7878 So you made the argument for it. Because money is not neutral for the real economy, it has to be controlled somehow
@@canadapapers but no one really has money just invested in a fiat currency, they typically invest in stocks which are actual companies…..
Wait until Bill Maher hears about people who speculate on dollars and euros.
99% of Euro/Dollar users are consumers not Forex traders.
99.9999%
You mean actual currencies backed by actual governments?
@@timothycrash it is authorized by the federal reserve. Based on authority recognized and long since accepted by the financial world. Enjoy your Ponzi scheme with bitcoin!
You admit bitcoin is speculation not an investment? Are you slamming Maher and bitcoin at the same time?
I remember when iIwas in middle school and my teacher taught us fiat money is fake and relies on the masses supporting it
All money is fake but some fake money is better than others.
@@mindlessmonk3322
Except it's not fake, it's based on the country issuing it to pay it's debts via the strength of it's economy.
Except for Bitcoin, which is based on a get-rich-quick fantasy.
@@steveknows62 it's the same thing dude
@@steveknows62 wrong.
Bitcoin is for people who understand what quantitative easing is (and what Central Banks do) and despise it.
No, not all money is fake. Up until 1971 pretty much all money was a paper note representing gold. That’s when mass printing really began.
Even now, money isn’t fake. All Western Money is backed by the US Military/NATO (just ask Gadaffi and Saddam).
@@steveknows62 it’s both just things we have given an arbitrary value to. Difference is that we have been using coins, paper, and currency for longer. While Crypto currency is new.
Even then, if you have say $50 000 in savings you don’t have that in your bank locked up in cash and coins. It’s just numbers registered to your details.
My worry is. I’m with every leftie, Boo the government and banks. I don’t like or fully trust them. But why would I trust whatever mysterious identity Crypto is. Even though it’s something that is peer verified amongst many computers. It still seems odd, and not very clear.
America 2020: Creates half of all USD in existence in one year digitally
US funny man 2021: Our financial system might not be perfect but at least it’s real
"$$" printed out of thin air, inflationary to the core and these fools are still on the bandwagon
@@vambo13257 This is something I dont get with you guys who are into crypto, like ya, I personally see an alternative storage of wealth as valuable, or even etherium is cool bc it can be used for nfts and other stuff, but you guys are saying inflation sucks and therefor the government who makes that inflation sucks, but that inflation is how the world goes round. There is a reason we and most countries left the gold standard, and even during the gold standard inflation still existed.
@@young_fella It seems the crypto guys want us to go backwards 80 years with monetary policy.
at the same time I want to point out bill maher right here is also dealing some bs as far as I can tell, like his main point is that crypto has not tangible value, but thats the same with most assets, like a dollar has no tangible value, or even gold, like what are you gonna use gold for besides jewlery? Sure it can be used in electronics, but only a very small amount of it is, so its value is definitely not based off of its utility, just like crypto
@@young_fella Just read that 78% of gold mined each year is used in jewelry. What a waste!
Bill Maher speaks truth.
People laugh.
He'll be here tomorrow.
2021: "Cryptocurrencies aren't real!"
1971: "Ummmmm......about that...."
They print dollars out of thin air. At least bitcoin has a limited supply !
@The Paradox Destroyer By that logic, money is just peices of paper. Cryptocurrency isn't supposed to be a product, it's a currency. It's a currency that's worth what people say it's worth, just like "real" money. The only difference is that with "real" money, it's the government that decides the value and the amount in circulation.
@The Paradox Destroyer you clearly missed out and you’re now bitter and broke, we’ve been on it since 2014, if you beg me enough I might get you a lambo
@The Paradox Destroyer The creation of money requires essentially no work. That's not why it has value. The only reason money has any value is through the transactions its used for. Same thing for crypto, it's just a means for transaction, not a product with value.
How do you know he’s a old man standing on his lawn yelling at kids?
When he doesn’t think blockchain is real.
Blockchain as a open source, easily replicable technology with some interesting potential in the future is real. But hundreds of digital currencies (of which Bitcoin is only the most popular) based on blockchain are not 'cause there's no inherent value to them: the whole scheme is to buy low and sell high before the bubble bursts, then it'll be somebody else's problem.
@@TheKafkianProcess honest question not calling you out, Are you purposefully talking about rug pulls/Ponzi scheme coins vs utility coins as the same thing? Or is it a lack of knowledge, that is generalizing the cryptoverse? If it’s intentional, then have a good day, I’m not a fan of arguing just to argue. But if it’s that you just don’t have enough knowledge and in turn are making general assumptions, then I wish you well at the beginning of your crypto journey.
Comparing BTC and DeFi to any silly coin you or I can make tonight is foolish
@@rna3xhelix why are you even asking? he literally parroted from the clip. NPC all the way. No knowledge of anything.
@@MrSinister718 you have reason and logic on your side.
“Bill Maher reveals his top cryptos to buy”
Headline in Bloomberg post 2021
When I first saw it I couldn’t agree more with Bill. Fast forward to November 13 2022.
2:27 "but we know money had to originate from and be generated by something real" .... Sure Bill, Goverments don´t just print out money out of nowhere.
cause they dont unnecessarily dumbass ffs lol
The something real is that government can force you to accept the money they create.
The point is that the current currencies, dollars, euros, etc, are backed by actual value and production coming from all types of jobs or trades that are made in those same currencies. Bitcoin is not. It's not rocket science.
Yes governments can print money, but a government acting responsibly can also regulate how much money is created to help prevent hyperinflation or deflation.
US$ dollar is backed by the US government and has Gold Reserve. Bitcoin has neither.
Everyone in the crowd laughs as their 401k lost money last year
Exactly
they deserve what they get, just like California
My 401k made thousands last year. Of real money.
@@higgy82 hopefully more than 15%.
@@higgy82 my bitcoin made tens of thousands
Hot takes like this are why the phrase "OK boomer" exists.
W~~~h~~~a~~~t~~~s~~~a~~~p
+~~~1~~~ 4~~~1~~~2~~~5~~~7~~2~~~1~~~3~~~6~~~7..........📲.................>
Hah true dat G
Get off my lawn!!!! 👴
Uh, except he's not wrong about the energy suck of crypto mining. That's a major environmental issue. So when the coastlines continue flooding and the shit hits the fan, your idiot phrase "OK Boomer" will be helpful. Thanks (and I'm a millennial).
@@mikerobinson7206 He is wrong in the sense that he ignores any energy usage by the traditional banking or industrial sectors.
Bitcoin is also ideal for making use of otherwise wasted electricity in remote areas. It doesn't need to be grid connected, the cheapest electricity to mine Bitcoin will soon be solar in the middle of a desert with no power grid, or a solar satellite.
That is what first fascinated me about Bitcoin in 2010 despite not buying or mining any then.
It is a genius way to turn any kind of electricity into wealth, and the possibilities in the future go beyond anything that would be a climate concern. It will accelerate and encourage renewables.
Krypto is exactly what I thought it was nothing but an internet scam
"I've had it explained to me several times and I still don't get it." Yes Bill, you've made that clear lol
He is proudly clueless!
Exactly. Imagine having the audacity to trash something you don’t even understand in front of millions of people...
@@TheHackerCraft44 Honestly, at the moment it's a Ponzi scheme, otherwise the majority of people wouldn't hoddle and actually buy something with crypto.
@@u1rtc7t5f64t157856v8 doge us a ponzi but not all crypto tech companies are schemes...research Cardano
@@TheHackerCraft44 Funny thing is that he thinks he *does* know better than the people explaining it to him... specifically because he doesn't understand. If he doesn't understand it, then clearly no one else does, and it's stupid if they claim they do.
Basically a child-like mentality.
At moments I think he's talking about hedge fund companies
One Ponzi scheme is like another.
Or any currency like the US dollar.
@jon pork we have a fiat currency, it isn't backed by anything, it isn't real. Explain where I'm wrong.
In this record time of printing money where your money literally becomes worth less and less every day I still don't understand how people have trust in paper money lol
@@paxpacis2 it comes into existence faster than it is printed. Most money actually isn't paper, it's just zeros and ones, just like bitcoin.
When he said Tether, I immediately knew he had no clue what he was talking about
Yep! If you’re going to bash something at least make sure you do your research.
@@kennethvines4556 So you think the fact he used that word negates the larger point Maher was trying to make?
@@EricDarcman No sir, seems like it reinforces his point which is that he doesn’t understand crypto nor does he want to understand it. FYI There are crypto currencies like Vechain that actually produce physical products, MANA supports a Minecraft type game on a blockchain, Wink has a website were you can gamble your crypto, BTT supports the worlds largest file share system (it’s been around since the early 2000s). If you were on the fence about buying crypto just looking at the companies he mentioned moving into the crypto space should let you know that you may want to bust a move. Additionally, over the past few years companies like VISA and MasterCard have been aggressively moving into the crypto space. Visa has already partnered with Crypto.com to create a very successful crypto debit card that allows you to spend your crypto. Lastly, before February of this year I had the very same opinion as Bill and I used to call crypto “monopoly money” as well until I started researching it and investing in it. Since February 2021 I’ve made about 3k profit. So I’m sticking with crypto until the wheels fall off.
@@EricDarcman You cant have someone explain bitcoin in 10 minutes like bill mentions, no wonder his clueless, it takes months, this is computer science.
But I'm happy, bitcoin shows transparency of people's ignorance to those that have spent the time and effort required to learn this amazing technology.
Bitcoin is an IQ test and most will fail, but to those that are prepared to sacrifice time and effort to learn will continue to be rewarded as the past has shown.
Bill is a Moron and bitcoiners know this.
@@logann001 And Warren Buffett?
My neighbors, a young married couple with a 2 year old rent a basement apartment. Got into bitcoin buying, they're still struggling to pay rent three years later. 😒
I've had friends, neighbors, and customers tell me about their investments in these digital currencies over the past 2 and a 1/2 years and they said it was so great and I didn't know what I was missing out on and told me if I learned how it works I could benefit from it too...........
...... and not one of them want to talk much about it anymore.💁♂️
Bernie Madoff would have loved Bitcoin if he was still alive.
First They Ignore You, Then They Laugh at You, Then They Attack You, Then You Win.
Then you broke rofl
That worked so well for Elizabeth Holmes.
@@grahamstrouse1165 who
@@froddobaggins 🙄
My guy 💪
Crypto is such a mess, he didn't even have time in the segment to talk about how it's a darling of organized crime.
The US dollar is used for most crimes because it's not traceable like bitcoin
@@djstocks correct.
All the naysayers and banks that pushed that myth were secretly stocking up on btc the whole time. That's proven true countless times.
US treasury and several large scholarly studies state hundreds of billions a year of usd are used for illicit activities whereas
Crypto is in the millions. Go google block explorer and learn why using crypto is a horrible idea. Then again the FBI does t want you to know that because it’s so much easier to catch you. This is exactly what the irs has been tracking for the last 18 months to get taxes
All the crime experts coming out for this one. If USD is so good for crime, why do so many criminals use bitcoin?
Lol, you are right Bill, you clearly have no idea!
Mrs Charlotte's is legit and her method works like magic I keep on earning every single week with her new strategy
She really made name for herself
Sometimes I wonder if she's used magic power trade
I've never heard or seen any of her clients complain of Lost....I think she's just too perfect
Hello, anyone there
Please how can I reach this Mrs Charlottes? I've already lost enough of money trading for myself
Money of any kind only has value because people agree that it is valuable.
Tell that to your lawyer when you're found guilty of fraud under a ponzi scheme
question does that mean that all currencies are ponzi schemes?
since fundamentally theres no difference between cryptocurrencies and currencies
@@overkall1691 Do you mean “tell that to a judge”? Obviously I would consult with my own lawyer about my opinions. Also, ponzi scheme? Fraud? Huh? Lol
@@isaacjk5 I guess you could tell that to a judge but I wouldn't if I were you :/
I can't wait to see this video age 😂
o this is going to be shoved in his face
It will age like milk in the Sun.
When all the 20-something “crypto-currency geniuses” realize they don’t know sh*t about currencies.
Like fine milk?
Networked computers containing trillions of dollars.
Gee. Why would any country want to hack into 51% of them for economic warfare?
Naw. I cant think of any. Shouldn't have brought it up.
Oh good, I’m still early for crypto investing 👍 Thanks Bill! Btw you got a lot of homework to do buddy lol 😆
We will see if you feel that way when you are left with the bag.
@@MrGoudy People were saying this when Bitcoin was at $3K and below. Your mentality is what prevents every day people from investing.
The difference between bitcoin and cash? Everyone takes cash when the internet and the power is out.
Oh...Your ATM works with no power?
Interesting...
How many honest bankers have you known?
A little power consumption is well worth avoiding those scumbags.
Every day of my life I always regretted my reason for selling my bitcoins 8yrs ago.
See how much its worth now.
You have to be calm dude.
No one ever knew it would get this high.
Yeah. True you have a point.
Crypto is the future, trading crypto has
become a lucrative way of making money
@@a16z.69 Do you trade by yourself?
No I don't.
I'm just sitting here, waiting for Bill to learn about NFTs 😂😂
His head gonna pop off lol
Are NFTs destroying the planet with massive electricity use? No. Is crypto? Yes.
If I'm not mistaken, NFTs are a form of cryptocurrency.
@@aenien4560 Christmas lights use more electricity than crypto annually. Campaign against that too.
@@vadimuzdensky2384 They are not. They both use blockchain technology but NFTs are not a cryptocurrency.
This is the proof I needed to know that the top's not in yet. Time to buy more SwiftCash 🚀
Actually I agree with you (not the part where you edited in an irrelevant project). When these media figureheads continue to deny the relevancy of cryptocurrency, that is probably a good sign for the people who actually know what is going on. His writers think every blockchain that isn't Bitcoin is just trying to clone it lol. One hour of researching Ethereum would probably change their tone quite a bit.
🤣🤣
so you're early, invest before it's too late
@@shadoninja Might be a good time to sell and buy USD when he does a video about USD being a total shitcoin lol
@@MarkusGhambari I spent this entire video thinking, does he not know how little value USD actually provides?
Wow crypto people here look a lot like a cult, don't tolerate any kind of questioning or criticism..chill, cause you all come across very fanatical..
Because they've *LITERALLY* bought the hype.
I'm upset because cryptocurrency is not that hard to understand. It's not some mystical made up thing, designed to confuse you, and yet people just write it off as a scam.
@@akn3207 It's just missing a few words "Legal Tender for all debts public and private"
I haven’t invested in crypto but it’s extremely backwards to not embrace it.
@mmdt 123 You realize it's already happened for many of them right? Even outside of Bitcoin, how many dogecoin millionaires were made in the last 12 months? It's not theoretical, it's already a reality. It's funny to see people still making the same arguments people were making 10 years ago, even though they've already been proven wrong. Back then I understood people's skepticism, I was skeptical too. But today, if you still can't see it I think it has to be willful ignorance or just plain stubbornness. I guess some people will never learn. Have fun losing 20% of your purchasing power this year from inflation.
Exited to see how well this ages
Check back in a month then lol
I think you'll be surprised. Bill will be laughing while all you crypto morons will be wondering where your money went.
TGS And islam is a religion of peace 👌🏻
@@tgs1766 I don't even own crypto but in 10 years bitcoin will have passed €500,000 per coin (today it's at €45,500) - I'll come back and update you every couple months just to continuously let you know who the real moron is ... hint: it's the idiot who hasn't the faintest idea what crypto is and thinks he knows best having done zero research.
@@Charlie-kn7zg and also he thinks that no one understands it
Welcome to the excessive applause show, occasionally featuring Bill..
There are some times Bill gets visibly annoyed and rightfully so - if he gets into a rhythm he likes, all the interruptions throw off his comic groove and momentum lol
@@AJR-zg2py But more often, Bill gets annoyed when he doesn't gets uproarious laughter for a nothing line.
if there is no applause bill gets mad
I thought that was Last Week tonight
His audience sucks
I don't think Bill's arguments are changing any minds...
He didn't make any arguments, at least not any that makes sense. I wish he actually understood what crypto currencies do, and how they are unstoppable. Saying crypto currency does nothing, has no value is the same as saying banks are useless and needless.
I think he is funny. He's not my financial advisor
Blah
He doesn't bring any arguments
Successful people don't become that way overnight. what most people see at a glace wealth, a great carrier, purpose is the result of hard work and hustle over time. I pray that
anyone who reads this will be successful in life.🤲🙏
It's Been So rough for me trade on my own😐😔 because l have had a lot of losses think the real market is manipulated Please, can Anyone help me out or tell me What I'm doing wrong😥😓?
Knowing what you're doing is also
essential. You don't invest in cryptos unless you have a solid understanding of how the market works.
When stocks and cryptos crash, that is the perfect time to buy. You buy low and you sell high!
If you're holding crypto, you should already be aware that you will only win/profit if the price of the cryptocurrency rises. On the
other hand, you might want to consult with a professional to diversify your holdings
and increase your earnings.
Any recommendations for a reliable online investment platform?
No other man has such a huge talent for sounding passive aggressive and confused simultaneously
Tucker Carlson
amazing description of yourself.
And this is the very reason I pledge little allegiance when it comes to many people because here we're one day loving them and the next day they go bat-shit off their meds and speak crazy shit like what my "mentor" Bill Maher just did.
silly boomer
A lot of poor people replied to this man, and they are mad they are dont have any coins.