Topic: "Crypto: The World's Greatest Scam" (youtube) - page 2. (Read 208 times)

He said it was like the American banking system was not going to just explode. We know that America's banking system is very fragile and that is the biggest joke in history. It is only a matter of time before this banking system explodes and there will be many people who switch to using Bitcoin.

That is what we are against, we have to deal with people that are incredibly opinionated and stubborn about their beliefs even if they do not understand a thing about bitcoin, and even if you took the time to explain it to them they will not care and maintain their opinion anyway.

There is no way to help those people and they will only learn with an extreme dose of reality showing them they were wrong, and even then there will be a lot of people which will still deny the reality which is hitting them in the face.

We have been discussing scam advertisements both on Youtube and Google SERP. I fully agree that those adverts are fuelling the government's ideology but you cannot deny that some scammers like Sam Bankman-Fried have convinced a lot of people that everything related to crypto is a scam. Within the crypto community, a lot of people have suffered because of him &  therefore we cannot solely blame such Youtube influencers. That scams got removed from the mind of many people after a few banks filed for bankruptcy. Those who got convinced that crypto is bad now know Banks are not to be believed.

In the end it doesn't matter what they say. Those want to believe them will always believe such influencers and thos who don't would skip such videos.

Yes MKBHD is commented on the video.   I actually already share this in the comment in another thread. This guy actually made 3 videos that discuss about Bitcoin word 'Bitcoin' seems to pump the channel a lot. and he said bitcoin is a ticking bomb and could explode at any time.

Scammers make the whole industry look bad and we already see a lot of people who say similar to what these guys have said. but here we are The other post already give one example "Bitcoin Uptime 99.98812348% | 10 years continuous uptime!" - https://bitcointalksearch.org/topic/bitcoin-uptime-9998812348-10-years-continuous-uptime-5445280 we still here

You know what's the most enraging thing about all of this?

Under the video, I'm looking at a youtube ad from "Space X" that shows MSNBC and Elon Musk saying that Elon Musk donates 1,000,000 Bitcoins.

It is fake news, because that sucker doesn't even own 10 Bitcoins.

There is no option to report the ad.

So people's misogyny towards Bitcoin is fueled by the evil forces of scammers on their own platform, like this ad. And Big Tech itself.

Bitcoin is a part of cryptocurrency ecosystem but it is a most important cryptocurrency. Many people think Bitcoin is all about cryptocurrency and if any scam in cryptocurrency occurs, it is motivated by or related to Bitcoin.

Bitcoin has big impacts on alternative cryptocurrrencies aka altcoins but it is not responsible for all scam in crypto.

Ethereum with its smart contract ERC-20 chain is a perfect space for scam projects. NFT projects related to GameFi, NFT, Metaverse ... which are bad with their tokenomics designs and many projects have bad security (no security audits), rug pulls. It is more precisely if the Youtube channel owner makes that video focuses more on scam projects on ERC-20 chain, Binance Smart Chain, Solana ... Focusing the video on Bitcoin is not relevant.

A big chunk of people globally believe in what he said. His perception or views doesn't matter but this how the government and main stream media has been minting hatred against Bitcoin.

Sadly some of the social media influencers have also followed the same narrative and some like Dagogo Altraide have not. I really admire his work and if you have not watched his video on Bitcoin then you should. It also has views in million.

What matters is that we as community has been united for more than a decade now and we are the ones who are the driving the adoption of Bitcoin.  

Edit: I misspelled the title. It's fixed now. Although it says "crypto", the video is very much about Bitcoin (and ETH NFTs).

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Video link: https://youtu.be/ORdWE_ffirg

2.2M views.

Supposedly "Best video of 2023", according to MKBHD.

What hurts the most is that this is not even coming from some investor dinosaur like Charlie Munger, this is from a well-respected Youtuber.

And yet:

"How is it possible that despite all its failings, Bitcoin survived and is very much present to this day?" (11:24)

Because we, as a community, are building it - maybe not all of us are developers, maybe we don't contribute to Bitcoin Core, maybe we don't write a BIP, maybe we don't work on Layer 2 scaling technologies, maybe some of us are not even running a validation node, but we are all doing one thing in common: We drive adoption in our own sphere of influences. The drive of which people have been doing since the early days of Bitcoin.

People who think they don't need this innovation, that's fine, stay out of it. There are still people who are better off with Nokias than iPhones anyway. But the people who say this mostly come from places where such a technology as cryptocurrency is not deemed absolutely necessary to them. And I perfectly understand that, if your bank money is suitable for you - until the bank loses it, or you're pals with inflation and hyper-money-printing and the new kid on the block, recession.

Bitcoin is the people's currency. Not the ruling class' currency.