Sam Seder Debates A Crypto Fan
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- Опубліковано 10 лип 2023
- David from Pennsylvania calls the show to debate Sam Seder and the MR crew about the future of crypto.
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This guy's arguments are on par with Shapiro's "rising sea levels are no problem, you just sell your beachfront property to someone else."
"Burning buildings aren't a problem, just sell your house to someone who likes it warm."
Do you have a link to that statement by Shapiro? The one where he says rising seas are no problem because you can sell beachfront property?
@@CarterDavis-nu6eysell it when it's under water?
My request stands.
Source?
@@CarterDavis-nu6ey What would you do with the source? You're apparently too stupid to type letters into a search bar, so how would giving you a link result in anything remotely worthwhile?
I love how the caller thinks there's going to be an economic disaster that makes the US dollar useless, but for some reason people will still be trading crypto.
Yep. Crypto was the first to plummet at the slightest hint of an economic instability, and is _entirely_ dependent on the miners on the other side of the world constantly running their computers and deciding not to screw with everyone else and to not steal all their crypto.
They conveniently omit that they can use crypto because a bunch of crypto fat cats _allow_ them to. All their crypto can be instantly turned to meaningless crap if some random people simply decide to rob them and modify the blockchain. And they seriously assume that in a global collapse these random people are the ones who will for some reason be the beacon of stability? That's just a completely arbitrary fantasy. You're much better off immigrating to a relatively self sufficient isolated land like New Zealand or Australia if you really fear a global collapse
Yeah when the 'economic disaster' happens, how will the crypto farms keep running to make them their 'currency'. At least he was telling the truth about not being a 'tech bro'.
@@NJ-wb1cz My bet is it is cheaper to buy crypto at this point than to mine it. The less people mine, the scarcer the supply. Bitcoin is worth 30k at this point.
@@thepermman That's not how it works.
I love how in all these debates, Sam walks them thru their end-of-the-world scenarios, ask them how it would work and it inevitably falls apart under the least amount of scrutinity.
@TheMajorityReport--no way, it's the real Sam Seeder no way
Exactly!
Can't say I love it, but I'm glad it happens.
They have never been challenged on their basic premise. They only talk to others with like-minded ideologies and thought processes so they are not prepared to defend their positions.
@@MugRuithbut then look at their personal lives and see iff what they espouse and beliefs works for them and if they're having the amount of success you'd think they have if what they believed actually was real
Now I can't get the image out of my head of Matt Binder sitting on a massive pile of gold and crypto currency like a dragon.
Matt Smaug Binder
😂🦖
House Binder of Crypto Island
Literally what a dragon would do.
I see fire
Man... I miss these definitely-not-libertarian debates when Sam is in his best form. Today's episode was great, MR crew.
What do you mean you miss them, he debates Libertarians all the time. There's a playlist full of all the recent debates with these weirdos.
@@LinkRocksall the time?
I mean... he wasn't a libertarian. he was more of a prepper. Libertarians want the doomsday scenario. I think this guy was just trying to prepare for the worst
@@tundrastreamingkinda seems like you are describing the same thing here.
@@itcouldbelupus2842 not really. They're two totally different things. If you buy a gun to protect yourself that doesn't mean that you actively want to be robbed
Sam: "You would sell your crypto at the local *what* if there was a global financial collapse?"
Caller: "local boat"
Well that's as good of an answer as any crypto clown is gonna give.
Hey it’s a tugboat . Small but mighty!
What is money? Crypto can be a form of money, clown
No bro, he's going to buy a boat with his crypto and sail to Puerto Rico, which somehow has managed to avoid being impacted by the global financial collapse... this dude's a fucking genius, you guys just can't see it, he's clearly thought this all through... ooof
@@pinkyfloyd7712There's also the fact that Puerto Rico will likely be 'smaller' due to rising sea levels.
🤣🤣🤣
lmao this guy is like "here's an argument that I'm sure will change your opinion on crypto: Have you seen the movie Water World?"
The post apocalypse has Kevin COSTner not Kevin FREEner
I was thinking “2012” but this is just as good.😂
@@dwaynezilla That’s pretty awkward. 4 out of 10.🤷♂️
I just like how half the Eastern seaboard is underwater, but Portugal is definitely fine.
Right? He could have at least said a landlocked county 🙃
He probably really thinks he's taking a SpaceX shuttle to Mars, but is too embarrassed to say.
what if aliens invade earth and only take crypto though?
I prefer the idea of aliens secretly flooding the US with counterfeit $100 bills. I'm talking billions of dollars here.
Well, space cadet caller can feel confident that he will a ticket for an alien probing waiting for him on that ship.
GOTEM.
I mean this is essentially how American Express already works
I'd assume aliens would be more intelligent than humans and steered clear of crytpto.
Calls in and says he isn't a crypto bro. When he is.
Libertarians and other conservatives are ashamed to admit what they are because they know it's deeply unpopular in society.
@@harrym9655 In the same way you can make money on a pump and dump scheme, I guess.
@@harrym9655 I use Doctor Rosemary Waterson's method and have been making $3000 a day from my phone! Her expertise is unmatched in the industry and everyone knows her so everyone is making money
@@harrym9655 btc is not a scam. how could it be? It's completely decentralized
Definitely not a libertarian leftist
"Liquidate it into weapons and dried food" lmao
Yeah that was funny
Wouldn't food/water be more useful for trading in a worst case scenario?
Exactly. There would be hundreds of things that you could trade with better than crypto. A case of beer or a dozen packets of painkillers will get you more in trade than crypto.
@@rennnnn914hell, it’d get you more now, forget waiting for worst case
@@rennnnn914Yep. First thing I'm doing in the event of a societal collapse is getting my hands on as many pharmaceuticals as possible.
Nobody's going to care about any version of traditional or digital currency in these doomsday scenarios. The assets will be people, food, water, medicine, and survival skills. At least that's what I learned from watching 2 million episodes or whatever the hell they made of The walking Dead.
No way man. Gold bullion.
Dude is describing the plot of 2012, just with crypto 😂
The rapture with extra steps. You don’t have enough crypto you ain’t getting in heaven!
I can just imagine the dramatic scenes of the main character almost losing his phone leaving him without crypto access.
Yeah haha and the family doesn't really use bribe money to get on the plane and get out, they just kinda...make it happen as needed
Great shout! I thought that story sounded familiar.😂
another instance of "coconut island" , dude thinks he is separated from the rest of the human world. hyper individualism makes people stupid. He sketches an apocalyptic scenario and then gets convinced that he can access his bitcoins but the rest of the human world will be left behind.
Dude be rest assured your bitcoins are also gonna turn to dust if we live in an apocalyptic world.
Moreover, in an apocalyptic world we'll be trading in raw concrete materials & not some abstract monetary stuff like Bitcoins.
Even gold will be worthless when folks need food, clothes, shelter, water, etc... liberalism (which both liberals and conservatives practice) and its hyper individualism is just another religion based on fantastic history and economics. It disregarded human interdependence, where social and community support equates to a healthier, happier, more unique person, while being a part of nature.
The whole apocalyptic idea is stupid, digital currencies are currency for a modern world, not for a return to the stone age
“What if the world implodes and the only possible currency to access is crypto, then what do you do?”
Man’s just defining crypto into a necessity with ridiculous hypotheticals that aren’t even half-baked.
Straight up raw. The whole world implodes, but the decentralized digital ledger that governs his unregulated securities somehow remains intact?
@@sierragolf2096 I'm so confused. How do they believe this will work? No electricity... no internet... who is going to even think about or be able to use crypto? I'm trying to imagine The Walking Dead, but with crypto lol
The most laughable thing about his hypotheticals is that in such an environment where there has been a major financial and/or societal collapse the very last “form of payment or compensation” that any provider of any good or service in that environment would actually accept is an intangible electronic string of digital numbers called a Bitcoin. The only compensation they would be looking to accept at that point are hard assets or reciprocal services - food, water, medicines, gasoline, weapons, land, seeds to grow crops or animals to raise and eat, clothing, tools, lumber, etc…. No one with an actual service or good to trade in that environment is going to trade it for a made up fabricated intangible asset with no real hard asset value like a Bitcoin. And even if someone was, what do they do when the power grid fails or internet service providers have gone dark in that environment? Where and how exactly do they access this magical string of intangible electronic digits with no hard asset value. 😀
Not to mention, at that point... it's the apocalypse. We just trade beads or chickens or some shit. Why tf would we choose crypto? What servers are going to exist? Who's going to be left farming bitcoin? Nothing matters at that point.
remember how the truckers in canada got all that bitcoin donation? they have no way to convert it into money. the caller is uninformed and just wants to hate liberals.
Emma makes such a great point at 12:44. Clear, articulate, and she comes across as genuinely empathetic with the caller, but staying firm on the position. It's been really cool to see her evolve from her days on TYT to a confident cohost with Sam.
Emma is a Goddess
Seriously. It's fun to clown on these people and all, but she comes at him with pure compassion and really tries to appeal to what's very likely happened, that he's been duped into dumping a big amount of his savings into an asset that will not keep it's value.
she's trying to help this caller who would have just been buying gold from glenn beck 20 years ago
Put your money into an IRA. Keep $30-40k in cash. Go on about your life. It doesn’t have to be complicated.
She's literally the best right behind Sam.
"Do you have any investments in the German stock market?" 😂🤣
It was so specific. Why not just foreign markets? Because 401k might have some kind of foreign investment stock option and sam would be familiar Lol
"I don't so much that it's almost funny" I love Sam lmao what a hilarious response
Then proceeds to name the UK index 😂. This guy was too good
do they really think that they'll be able to trade a couple NFT's for a can of ravioli's and some smokes if the world is burning? lmao I love these classic libertarian debates
I’m sure the guy with guns will happily trade them weapons & ammo in exchange for crypto
I have this monkey JPEG photo. Can I please buy some canned corn?
@@elftax the guys with the guns will go full on Hun and be like "were just gonna band together and take your shit"
@@nataliaofthenightlords wow, I'll start pooping into suitcases then and bury them in the woods just in case
I'll trade you this jpeg of a can of ravioli for your actual can of ravioli
Goes without saying that in the event of anything approaching a societal collapse, crypto and NFTs will have been gone long before this happens.
It’s sad that this even needs to be said.😂
Yeah, I would imagine that it might be tough for ISPs to keep their servers running and connected in such a scenario.
The caller should have spent more time planning for the apocalyptic scenario of calling in to debate Sam about crypto.
👏
You don't need an apocalyptic scenario for crypto to be useful.
The banking system doesn't serve everyone the same way. If you are poor, homeless or in some cases a woman, then you got one more alternative to cash, which is crypto. Noone forces you to use it. But if it is of value to you you use it.
If you got a shop and you don't want to pay ridiculous fees to visa, then you got an alternative in crypto (with less fees). Again you don't have to use it. It's voluntary.
The banking system will in my opinion not give bank accounts to poor people any time soon. So you can either wait for this miracle or work on an alternative outside the system.
Sorry my friend, but in your imaginary scenario that pilot would reject your crypto and sell me a ticket on his plane in exchange for my huge collection of beanie babies.
Checkmate!
It’s such a weird scenario. Like if we want to be crass, you have a better chance of trading a bj for a flight to Portugal than using crypto. People like the caller are clear examples of individuals that think they have it figured out but if shit hit the fan they’d just curl up in a ball and cry. Hell maybe I would too but at least I’d have a couple of dollars and my gold chain to trade if I had to.
@@juvedoo99 Sadly, people like this guy are exactly why crypto is still around. There is no way to explain to them that they are out of their minds.
Some people just have to put their hand on the stove.
@@kcolonelx6181I agree. The problem is that we have billionaires spouting this type of rhetoric and it’s because of them that economies actually collapse. Sure one delusional guy like the caller won’t do much harm but the scammers and just idiots like Musk have real life implications to millions of people. Besides that, it is hilarious to see Sam and company dismantling their little libertarian “utopia”.
@@juvedoo99 It's amazing to me how all these crypto bros fold up like a card table when you ask them even one simple basic question about it.
My 85 year old grandfather said it best to me. " If you have to spend more time convincing people something isnt a bad idea than giving them the benefits you're pushing a bad idea"
As a leftist I see an unregulated stock market and think yeah I’m good on that bro 😂
🤣
Leftist love regulation and rules put on them by congressmen
The "regulated"one is predatory enough
@@zenbear9952EXACTLY
It's not even a stock market. It's more like subway tokens with no subway, or ticket scalping with no concert.
Sam: I’m 57 yrs old so I’m gonna liquidate ALL that stuff
Caller: Into what…?
Sam: *(exhales)* WEAPONS… DRIED FOOD
hahahaha 💀 sammmm
I had no idea you can trade a 401k for weapons or food, ill remember that if theres ever a zombie apocalypse
Imagine: It's 2050 after financial collapse and your local grocery shop has a sign reading: No dollars! We only accept milfcoin, eloncoin, dinkdoink and furry NFTs...
milfcoin will always be accepted.
OK, I’m imagining it. So when you are stuck with fiat dollars and I have milfcoin, who will be the one buying groceries?
@@unsignedmusic/whoosh. Dude you are taking more Ls in this comment section than a Mexican phone book.
@@unsignedmusic Neither. If you don’t have tangible items with ready made purposes like gasoline, water, tools, etc… all currencies will be useless.
@@juvedoo99 If you really think dinkdoink has no ready made purpose, you clearly did not understand crypto like I have when I invested all my kids college money in a jpg of a wooden spoon..
"We live in reality man" Thank you Emma
I like when Emma says "My dude". It means she owns this guy.
@@excalibur2024guy aahahahahaha Yerp
We live in a reality
Emma wouldn’t know “reality” if it ran up and kicked her in the ass
@@Greenlantern957 if reality came up and kicked you in the balls, you'd know it was Emma.
Sam cracks me up, the min he asks detailed questions they fall all over their lips.
For some reason these weirdos think they can call in and filibuster their way through a debate with Sam. It's hilarious how they never learn that Sam will ask them to state their position and how it would work in the real world?
"You can't get your money"
Dude's imagined a very specific scenario where he can't access currency, but can somehow access his crypto.
You can always access your crypto, because nobody controls it. It can’t be frozen, confiscated, or lost, since it’s on the blockchain.
@@unsignedmusicand if there's a truly global disaster and there's no electricity and computer networks are down how do you access your crypto?
@unsignedmusic how do you access the blockchain?
@@unsignedmusic Here's a technology which developed after decades of technological progress in the internet, and you want me to believe that I'll still be able to make full use of it when something as old and ubiquitous as hard cash is unusable?
@@unsignedmusic - Hahahaha. Except that all three of those happen.... ALL. THE. TIME. Further, in a scenario where suddenly the US Dollar is unavailable, the world would be in such a state that there is no blockchain because the whole world has collapsed.
Sam, Emma and crew debating Libertarians is my life blood.
I love the idea in his head that if the dollar is worthless, somehow Comcast is still providing internet to his area so he can access his crypto wallet. What fucking planet are these people on?
the dollar doesnt have to be worthless, it can just keep losng value precipitously as it has thorughout history
@@paulg6274you're very much missing the point here so you can repeat your irrelevant talking point.
@@itcouldbelupus2842 i get the point. I was making a different point. There is more than one point. Get it?
@@paulg6274 Responding to someone's point with a completely different one, while not even acknowledging the point you responded to, is a bit socially inept no? Just make your own separate comment at that point.
@@paulg6274 Sure you did buddy.
Google non sequitur.
18:36 "if it comes out that Binder is secretly holding a large amount of cryptocurrency you should all get really scared" lmao
Everyone knows booze is currency in a crisis
Food, booze, cigarettes, and water will be the only valuable items in a post-currency world.
I love these debates. Sam’s logic is so solid as ever. The electronic money in a crisis point is so good!
Also I love Hasan’s summary: US dollars are backed by nukes.
"US dollars are backed by nukes'
so tragic. and unlikely to last.
link to the hasan vid?
In a disaster all currency except maybe gold or silver are worthless. We would be going back to the barter system.
"Well, gains are nice" sounds like this guy is one of those few people that holds a lot of crypto. Funny how so many fans of crypto desperately try to recruit more people like it's a multi-level marketing scheme where their livelihood is reliant on fooling other people to buy into it.
Literally called the greater fool theory lol
That's exactly what it is or at least exactly what part of it is.
When you buy crypto you quite literally give this guy your money. "Gains" are him gaining your money
@@sirius1696every stock that doesn’t pay a dividend is also the greater fool theory. You’re selling your share to someone else so they can sell it to someone else later.
It's the same principle as boiler rooms.
You know what is great about U.S. currency?
I don't ever have to make up some bizarre ridiculous fictitious scenario where they are useful.
It's also lost 99% of it's value since inception, is printed off at will and actually has no intrinsic value. While btc has gained 100% roi per yr
@@paulg6274 Umm...wtf are you talking about?
@@kcolonelx6181 what are u confused by? usd has lost 99% in the last 150 yrs. btc went from 0 to 30k
@@paulg6274 It also went from 60k to 30k and generally jumps up and down AND it also has no intrinsic value.🤣
You are the one who is REALLY confused.
@@vertigo4236 Sure if you pick the exact top its down. But if you had started dolllar cost averaging at ANY POINT in btc's history, you'd be in profit. The intrinsic value is in the network of nodes. Digital networks/infrastructure are real things and cannot be faked or created on the spot, nor replicated. Btc is best performing asset in the world since inception for a reason
"The mattress could catch on fire" HAHAHHAHHAH I'M DYING HERE!
Why do these guys call in? Do they listen to Sam tear apart others like them and be like "nah I'll be different"? Edit: Emma had a fantastic point that hopefully makes the guy think about why he's so adamant about crypto
As a leftist with some crypto investments, I'm fully aware that it's a sh*tty casino like anywhere else, where I'm trying to take somebody else's bag for myself.
It's always funny to me hearing somebody argue that something for which its value is tied entirely to investments of state-sponsored currency, will somehow still have value when those currencies collapse.
Preach! I don’t knock people who treat crypto like any other speculative asset. But the nonsense about it being revolutionary or democratic is nonsense to get stupid people’s money.
End of the world scenarios aren't good examples. A better one would be on the run for whatever reason. A seed phrase in your head is certainly better than a bag of cash, or traceable bank accounts. Not my reasons but are certainly valid for some people. Particularly those in areas with oppressive governments.
Bitcoin is priced in what currency? I believe blockchain has a place, and fiat currencies are a problem (especially given the amount of debt now issued) but at the end of the day they’re not buying bitcoins to use in the grocery store they’re buying them because they’re magic beans which will make them rich, if only everyone else would buy said beans.
Yeah I am the same. Doomsday scenarios are not a worthwhile reason to have interest in crypto, but rather its ability to decentralize power and create trust in strangers. Which does make it quite useful to criminals, and in practice this is only productively useful to people escaping authoritarian regimes or against currencies that are more volatile than crypto. Ideally those situations would be resolved in their governments, which means there is some room for crypto in the meantime. That and the political questions it asks regarding libertarianism, ie the value in creating currency with limited value that by definition will not scale (for Bitcoin). Or the identity questions it asks regarding blockchain and verification. Some dystopian stuff, which isn't relevant today. All that said, nobody should be investing in crypto without understanding the extreme risks in it and that it is a space rife with criminals & scams, it requires quite a bit of computer literacy. I would liken investing in it as a high-risk financial technology, with no safeguards, most people would be much better served by investing in traditional markets.
Yeah, but it is not even tied to investments in state sponsored currency. It is tied to imaginary random strings of digits that some guys convinced a lot of fools that it represents a real currency. It's even worse than gold because at least gold has intrinsic value. It can be used for jewelry (very popular), it can be used in certain electronics (very popular in those electronic applications where it makes sense). Bitcoin is literally a number string that has no more value than if I were to take out a piece of paper , write down a string of numbers on it, and claim that number has a meaningful value that can be analyzed, forecast, assessed, valued, etc... Neither has any true value. It is literally a complete scam created and supported by those big players who are now holding loads of it and by the companies manufacturing and selling the computer equipment to "mine" for these worthless number strings. And while there are certainly investments in the stock market that resemble a casino, the things that say a guy like Warren Buffet invests in are no such thing. You can actually value the companies he invests in, you can assess their products or services, their cash flows, their real assets, liabilities and equity, etc... Bitcoin firms provide no such thing because there is literally no way to actually value stuff that is worthless other than calling it worthless. I have yet to this day hear a single Bitcoin promoter be able to explain in logical terms how any bitcoin firm is truly to be valued other than "well that's what its price is at in the stock market." Well, that supposed pricing is no more real than the late 1980's and early 1990's pricing on junk bonds. Yes, they had a price, and those prices were not based upon any real logical basis and they turned out to be completely invalid prices. Pretty much what happens with any "Tulipmania" hyped intangible farcical "claimed asset" like Bitcoin.
Have we learned nothing from the pandemic? The best currency in an emergency is obviously toilet paper!
Preach!
Caller should take a trip to Florida and piss off DeeSantis to get arrested. Once free, he can report back to Sam whether he was able to access his Brothereum.
If there is a major economic collapse, why the hell would anyone care about currencies AT ALL? If we are all trying to survive, it seems far more likely to me that you would see people do a combination of communal sharing, and barter instead of trying to shove the square peg of a digital currency through the round hole of what is most convenient and expedient on the ground in reality.
Yeah, in a real societal collapse situation the only useful currency will be the ability to cooperate, plan, share, and organize in the effort to get to where we have food, electricity, sanitation, and basic necessities again.
Turn crypto into a boat. Genius.
Among wrestling fans there's an infamous rant by Bryan Alvarez about how "if the business was as big as it was in the 90s I'd be able to buy a solid gold boat and sail it around the world" 😂😂😂
In the real world we make fun of a guy for dumb fantasies like that, but on planet ancap they're in solid gold starships
You mean you don't know how to transmute crypto into a boat? Sounds like FUD bro.
Yall still don't get it
Crypto holders can convert crypto into astro apes, then use slurp juice on the asto ape to mint 1 lab monke and 2 special crafting monke, then combine those monkes to craft your boat. With enough slurp juice you can craft your personal navy
u can literally buy a boat with crypto today, im pretty sure
@@paulg6274 only because it can be exchanged for real currency at whatever rates there are, like you can exchange your beanie baby collection for a boat. In any collapse those rates will plummet, like they did countless times in the past. Crypto isn't a currency, it's a highly speculative asset, and the moment anything goes wrong people pull out of speculative assets first which torpedoes their exchange value
His poor wife what was that offhand comment
Yeah, ominous.
25 year ago this guy would've bought Pat Robertson survival buckets
At least with survival buckets, you have a physical thing. Something tangible for your money. A gross, nigh inedible thing, but still... you have a good for your money. Here, you have a fart in the wind.
@ShinmaWa1 you're telling me I can't eat my hexagonal pfp of a monkey in a beret!?
@@dengar96 - well, MAYBE if you add lots of ketchup. :) :)
@@dengar96Hrmmm, feller, if'n ya turn that into one of them movin whatchamajiggers, I suppose I'd share ya some corn barrels fer it
Whenever someone starts the conversation as “I’m a leftist/progressive” you know it’s gonna be funny 😂
This phrase is akin to "I have a black friend".
And then a few minutes later he's talking about "you leftists"
Yeah, and on top of that most self professed libertarian types are only libertarian when it is convenient for them to be. They always want smaller less intrusive government until it is time for the government to intrude into the lives of those they disagree with with. Then the intrusions are perfectly ok by them. A bunch of hypocritical asshats virtually every one of them.
@@TP-pq9xxthen that really means "I'm a wolf in sheeps clothing." - a Republican.
i am a left leaning progressive as are most people in Europe. i live in Ireland and we are doing fine. This dude is just a crypto sucker. Not the brightest
He's going to flee America and head to...Puerto Rico?
Him quick changing it to Portugal later had me rolling
His example of the Canadian trucker convoy is horrible, for having their accounts frozen. He clearly didn't pay attention to what happened in regards to their crypto (was kind of ground breaking). The Canadian government, while using the Emergency Measures Act, developed a legal process to seize the convoys crypto and block further transactions. The convoy did manage to empty 70% of the wallet, while the process took place, but lost 30%. I doubt that the government would be that slow in the future, if they were to do again. They also laid the blueprints for other governments, if they chose to do the same thing.
You don't understand how crypto works. The "crypto" seized was not in their own wallets.... They were sitting on an exchange/crypto bank. When you let others hold your money you give up any notion of seizure resistance.. typical idiot argument not knowing what they are talking about or simply lying about the facts.
Ill preface that im a proponent of crypto tech. I see it as the future of the web. Where we all control our own data the services are on our local machines and the data is on the distributed chain. Larger compute intensive services can be federated where a group of users pool their hardware resources to run it and of additional resources needs they can rent server time from a data center or another federated group that has free resources.
I see crypto tech as a way to have transparency, accountability, security, and a way to rout out corruption. With a public ledger everyone has access to the data. Data that should be private can be encrypted and only accessible to the specific parties. Voting can be instant, private, and secure. Legal documents can be developed through a git repository process and saved to the chain. You see who made what changes, when, and who signed off on changes.
NFTs in the form of art was stupid. I see nfts as access tokens. Its your key for voting, its your house deed, its your driver’s license, birth certificate, passport, etc. legal documents that should only have one copy and stored somewhere secure.
Recovery of lost or stolen wallets is one of the biggest challenges with crypto. If you loss your recovery phrase you are screwed and without some central authority to trust to recreate your assets the challenge is pretty difficult.
That may have happened but thats why you keep the bulk in a cold wallet and only put what you are willing to lose on cloud wallets. Having your crypto in the cloud via exchanges kinda defeats the purpose of crypto. Centralization of a decentralized network is dumb and is the cheap solution trying to solve slow networks and gas fees. With the central exchanges you can basically transfer fee free within their networks but if you are going to a wallet outside it then you have to pay the standard fees. Also it’s convenient because it’s basically having a crypto debit card instead of a checkbook.
It doesn’t need to be solved that way but cryptobro libertarians are dumb and only see money and not paying taxes as the utility.
Sent an IM to the show and hoped they read but dont think they did.
It is impossible for the gov to sieze a crypto account where the user has the private keys
@@GrumpyCat8000they don't need to sieze the assets they just need to blacklist that wallet and any wallet that interacts with it. Which is what happened during the protests.... The tech doesn't work and that is proven during the first time it ever needed to do what it said it could.
@@xryz There is a major problem with your assumption. As it is right now a large scale roll out of that technology would require more resources than this planet can provide .... by a lot. And it does not look like you can scale back the amount of resources needed to a degree that you could use this technology as an universal source of payment.
Plus there are more problems. You just mentioned the inability to acess your belongings when you lost your password. Another one is you have no way of persecuting someone that was able to steal your belongings. And the last one is that you are simply not able to access and purchase anything without some electronic devices preferable with acess to the internet. And here comes the resource problem again if you wanted to fix that and give every human on earth access to those devices.
As a Portuguese myself, i would like to let those liberterian crypto bros know, that we have a socialist govermnent, a real one, literally!
I respect you mane. I honestly wish y'all were called "portugalians". I'd move there and get dual citizenship. It just rolls of the tongue lol. I say that with all due respect man. 💪🏾💪🏾.
You don't have a socialist government.
Also that Portugal will probably be uninhabitable in the a few decades. Not the best plan to flee there from climate disaster.
There’s a reason why that smash hit series “The Walking Dead:Bitcoin World” doesn’t exist.
The Working Dead because they can't access their crypto when society collapses
Rick: “Look Negan, I will send you 75 Cryptozoo eggs if you leave Alexandria alone.”
Negan: “Well damn son that’s a deal. Let Glen and the rest of these folks up! Sorry for this misunderstanding!”
This is hilarious. This guy is funny. MR was funny too- joking that Binder could be secretly hiding crypto! lol
Cryptocurrency is the Matt Walsh of money
It’s just like Money Laundering but Fascist.
Lol can you define a currency?
There are so many ways this could be meant, and I agree with all of them
@@bradigan I just imagine a giant coin with a beard that thinks 16 year old girls should have its babies and wants to sell you Sweet Baby Gang Tokens
its digital gold
And of course since every Libertarian is the main protagonist of whatever scenario they come up with. They will always manage to run into key characters that can not only get them out of any "bad situation" via plain, train, boat, domesticated cyborg grizzlies, but also be connected to the internet, dude, with their crypto apps updated to the latest version always. They just pull out their phones and get the eff out of any mercenary shootout or mutated scorpion ambush.
If the shit hits the fan and the whole system collapses, your best investment would be canned food, and a can opener.
And a spare can opener.
I think movies have sort of caused some brain rot for people. Before motion pictures, fewer people had access to the type of fantastical, dramatic scenarios where they're able to overcome governments to survive. Most people wouldn't imagine these things based on their daily lives or even news, books, etc. Once you see events projected for you, it's easier to create these narratives. It also seems to be why some many people think movies and video games create violence rather than reflect it. If you see (even fake) things happen, it's easier to imagine them happening to you.
Could be why it seems so many shows predict the future; the seed was planted.
IMO, “Line Go Up” by Folding Ideas was the final word on cryptocurrency.
This is hilarious and depressing at the same time
I love how these cryptobros believe that cyrpto is somehow gonna be worth something when the world goes Mad Max
I spent three months in 2021 allocating my gaming computer to mining Ethereum so I am ready for this guys apocalypse with my 50 dollars in pretend online money
I'll gladly accept your "pretend" money.
@@buddylove2768 do you accept wow gold?
The amount of wasted energy in regard to crypto-money and generated heat, that is not even used for something useful is just mind blowing.
I wonder what it would be like to wake up, call in to a show and completely embarrass yourself and your parents, like this. Like, what part of the brain controls the function that doesn't stop someone from making a complete AZZ of themselves?
I don’t know why these people don’t do research prior to calling. I can’t imagine it’s too hard to have a set of notes to look over…
Dude: "Nobody can take my phone and prevent me from accessing my crypto"
Phone carrier: "click"
Solution = hardware wallet.
@@buddylove2768 - You'd still need access to the network to transact. Keys by themselves are useless.
@@buddylove2768 the hardware wallet may have some utility in its parts, but if we actually have a world collapse, the crypto in the hardware wallet is useless. Just like my leather wallet may have some use but the money it it won’t.
"Sam Seder + Debates = 🍿
I just feel sorry for the guy. I also hope his wife and kids (if he has any) aren't relying on his income.
He definitely doesn’t have a wife or kids.
Caller be like: Hey nice to meet ya! So do you invest in the German stock market?
Why do these crypto guys that call in always seem to lose their minds? It has to be trolling...
Because they have so much invested that reality needs to be something else otherwise they'd implode from the dread
Damn. I can only imagine just how much MORE insufferable a "crypto tech bro" would've been.
The clips are really coming out of a drought today.
“I don’t know what the fuck you’re talking about” is the best quote.
I laughed so hard!!!
Countries have collapsed, but the servers are still up? Riiiight...
These people live in Lala Land,Crypto is a hell of a lot more vulnerable than they realize.
we needed this
lol'd at this comment
Remember when Brandon laughed at that Glenn beck saying "mhhyyyyyy ehhn whheeerrrd...."
That's the laugh I just made when reading this comment lololol
My dude. Life is not a thriller novel. What you want to do is help prevent the meltdown, not imagine how cool you are going to be when you survive it.
Basically: try mutual aid, not prepper stuff.
Say the planet explodes, but you want to fly out of the country...
When he says "you ask me for a worst case scenario and then you're just gonna make fun of it" i felt so bad for him
I don't. Sam wasn't making fun of it he was using logic to dismantle a ridiculous and contradictory argument and the guy's just pouting cause he can't defend it.
@@KalCounty I realise that, I feel bad for him bc he called into a radio show and made a fool of himself
i mean, this is one thing that struck me as a little off. Sam's argument, especially at 15-16 mins is "so i'm just gonna pack my shit, pay some guy more than someone else to get me over a border, and then have nothing in a foreign country?" and... yes, Sam. That's what refugees do. You asked for a critical case, and the case is that you have to become a political refugee. The state can, hypothetically, cut off your account with national banks and credit unions but as long as you aren't imprisoned, you can book it to a public library or a friend's house or get a VPN - in a second or first world country, it's not actually that easy to cut off someone's internet access completely or even reliably filter any individual's access. See China, Russia, NK.
this call reminded me so much of james o'brien taking calls from brexiters trying to force them to specify what their vague threatening scenario is.
Has anyone been able to point out which EU laws they hate?😂
@@firefox1234ize all the imaginary ones. 😁
@@babstra55Most common Google search in the Great Britain week after Brexit vote was "what is EU".
Bendy bananas!
@@wickedymike there it is!🤣
I keep my money in 2 pence pieces under my mattress for such an emergency
Summary: “Crypto is a super secure investment.”
“Okay but why?”
“Because the US dollar is going to collapse.”
“Okay but why would crypto survive such a collapse?”
“I don’t know.”
This conversation happens like 10 times, and then the video ends.
Emma sighing audibly was epic. And Portugal will be under water too.
Very rich people aren't doing "here's how you can get rich as well" schemes. The ones selling that are running a con job
I like how he accuses you of lack of imagination, when he hasn’t even imagined his own scenarios except in the vaguest, most “vibes” centric ways. Terrible world-building, 0/10.
This is all Hollywood damage. The notion that in these scenarios ANYTHING that we have now would be of value is ridiculous. Even gold might be considered valueless.
In that type of situation it's more likely you would trade in commodities, gold, silver or similar. Not some dogscoins or whatever they are called...😂
Damn, the crypto bros have been so quiet for so long I forgot the stuff even existed
that means its your chance to not miss the boat again. Has outperforme apple, amazon, google, you name it since inception
@@paulg6274But it hasn't
@@paulg6274 yeah ok…
@@itcouldbelupus2842
You missed your chance to double your wealth. Have fun staying poor
@@WoJackHorseman24 yes I did, by about 5 years.
That's how a bubble works.
How could the physical dollar be completely useless, but somehow, everyone still has access to crypto?
Loved this call. This is MR how i really appreciate the show. Callers like this, no hate to him, know very well how to superficially hide that they’ve been consuming incoherent online cryptofairytale-content for years, which is on the one hand ‘prepper’-nonsense as if crypto will be the last thing standing when AI causes society to collapse. (The AI doomscenarios are also libertarian propaganda) On the other hand these guys also dream of making crypto-investments with unbridled speculative gains which they ideally hope to cash out in us dollars, because in the crypto-space every airhead has the insight of warren buffett (since the peaks/gains your crypto-wallet shows you are fictional and unspendable)
Anything that makes the US dollar worthless would also make cryptocurrency worthless lol😂
mmm...this is not necessarily true. Fiat as a system could easily end in our lives. And gold has managed to be a hedge. Btc is digital gold
@@paulg6274fiat has less chance of ending than Bitcoin in our lives. Gold have been superseded because no one wants a system where geographic centers with gold mines and resources heavily determines the wealth of a nation.
Crypto doesn't have to depend on the U.S. dollar especially with BRICS and the 40 nations on the wait list.
@@paulg6274You aren't seriously convinced that Digital Gold is inherently worth more than real gold are you?
You can't be this gullible bro.
@@itcouldbelupus2842 well it depends how much gold. 1 btc is worth the same as about 15 ounces atm. Btc is better as a store of value for me than gold--and its divisible and transferable around the world in seconds. Btc"s inherent value is in its network. Digital infrastructure is a real, tangible thing, "bro"
TMR should have the UA-camr Coffeezilla on to talk about all the scams in crypto that hes covered over the years. Matt mentioned the capitalist nature of people who create them...theres no incentive to create a cryptocurrency in good faith where the goal is to actually use it as currency and not just to get rich themselves. Not to mention the gold bug finite deflationary issues Emma mentioned.
Bitcoin emerged from a vision of the highest ideals. It represents a monetary system governed by clear rules, decentralized in nature, resistant to confiscation, and accessible to all. Born from the turmoil of the 2008 financial crisis, Bitcoin stands as a weapon against the destructive practices of bankers who have devastated innumerable lives
When I was a child, a 40 year old actually sounded like an adult. What is with these dummies that have to call into a show just to make a fool of themselves, sounding like simpleton children that parrot what they hear what their parents say, but dont actually have any real understanding of the thing they are spewing? Im embarrassed for them.
because the average adults didnt speak much back then. religion, money & politics were topics that we were taught never to discuss, and that stoicism and remaining silent werent just virtues, but how all men should behave. doing away with these nonsensical cultural practices have allowed us to begin to tackle all sorts of issues, but it has the negative side effect that now every one of these dummies thinks their idiotic brain cramps are worth airing and defending and dying for. In short, idiots stfu back then.
It's like arguing with an Evangelical.
Just tell Evangelicals that they worship the Golden Calf and therefore you will burn in hell. It ends the argument and they run away.
First Portugal mention from Sam Seeder i see and it's as a reference from some caller calling it a libertarian paradise 😢
"I'm a leftist but I believe this email by a Nigerian prince asking for a favor is a legit"
This dude's favorite show is definitely The Walking Dead.
Just from the title and the thumbnail, I know I'm in for a good time with this one😂😂
Oh, I feel pretty bad about this one. This poor guy
These cryptobros and libertarians need to study authors like Mazzucato and Kelton. They have no idea how central the state is to maintaining a society. Government created dollars help subsidise so much into things like energy and infraustructue.
Maybe study Minsky who argues: anyone can create a currency, the problem is getting someone else to accept it. Reflect on Mosler's argument that "tax" obligations on citizens creates "demand" on the currency, giving it "value".
Hearing arguments from callers like this shows how ideological the "free market" really is. Complete ignorance on modern monetary systems.
That 41-year-old sounded like he was only 21 years old.😂😂😂
You know it's a quality debate when the Thumbnail has Sam making an expression as though he's begging for the sweet relief of death.
guy talks about not being a libertarian but likes crypto
*raises eyebrow a la dwayne the rock johnson*
well we're in for a spicey debate
It 's pretty straightforward when it comes to prepping. If fiat currency collapses and bitcoin is the only alternative for barter (somehow), the currency would, literally devolve into electricity itself.
You need to diversify your investments, buy nuka cola caps
I love how he just assumes the internet always works and is completely immune to government control.
When we had a major power failure and also a collapse of the internet for part of the electronic payment systems, people could not transfer assets to pay for gasoline or food and there is no reason to believe that so-called crypto assets could be transferred.
“Fan debates”? How about debating experts for once?