Hi, Hope this is interesting and in line with the culture here, i'm new.
This video is mostly made up of the well-trod fud we all know and that has been debunked ages ago but there are some things that might be worth discussing.
What i think might still be useful discussion are the following points:
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The feasibility of a 51% attack by motivated state level actors. Time: 00:58:36
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The desirability of a Deflationary currency.
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01:12:14 CLAIM: Crypto helps "Bank the Unbanked"
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00:53:48 Trading Infrastructure, Relying on state internet infrastrucsture.
-00:43:43 If "Code Is Law," Then Whoever Writes the Code is the Ruler. (Is the Commit priesthood the best way to go about securing our money in the future ? Early adopter Whales and Corps influence core-devs)
-00:48:22 Is Mining De-Centralized? Mining is concentrated in 5 large conglomerates.
Things they get wrong:
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Mistaking Blockchain as the core technology supporting bitcoin and its value proposition.
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They also often misundertand, or like Taleb, Ignore layer 2 solutions and real world uses cases for Bitcoin.
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tons of other stuff, frustratingly.
Invidious link:
YouTube:
Again most of his valid criticisms are towards the "Crypto" shitcoins, but he repeatedly cannot see the difference with bitcoin. He also has a reddit sub at r/cryptoreality. It is good to keep our knives sharp and this sub is one of the few attempts at systematic challenges to bitcoin i've seen in a while.
Not connected to this youtube channel or author, i'm a Maxi.