Number go up: Bitcoin is a Trojan Horse – Part 2 | Saifedean Ammous and Lex Fridman

44 comments

1. Bitcoin was a proof of concept. It cant keep up with huge numbers of transactions. XRP is the useful version of Bitcoin, made by the same guys.

2. The benefits of fiat money are that it allows things such as mics, studios and financial history ignorants that didnt know how bad life was before fiat to spew their "controversial, good for views" bs for millions to listen too. They're lazy to bc they dont want to invest, want their money to pay them interest just because it exists and because they breathe.
   Gold standard was a medieval methodology. And the alternative is not necessarily hyperinflation, foil heads.

3. bitcoin is completely and totally manipulated

4. Getting governments to adopt btc. Incredible.

5. This is ridiculous. Bitcoin's value hinges on someone believing it has value. There's nothing backing it up.

6. This is so incredibly fucking dumb.

7. So what if governments control access to the internet?

8. I was following him just fine until he flamed other markets for being bubbles. Why would he argue for the long term adoption of crypto but trash talk the short term bubble of the markets? Long term stock portfolios provide protection against inflation just like BTC, and are backed by real companies. Who would save their long term retirement money in a freaking bank account? He failed to connect the dots here.

9. I can't over emphasize enough how badly timed 'bit coin' is in relation to the imperative challenge of reducing global CO2 levels asap. Until that part of bitcoin is 'fixed' it is currently the most dangerous trend in global finance.

   Your money is going to be worthless in a burning world, as is our freedom.

10. All these guys have a simplistic analysis that assumes that the "powers that be" won't find a hundred ways to both combat crypto currencies AND to suck the benefit out of it for themselves.

11. “Come for the greed, stay for the revolution” sounds like any other Ponzi scheme

12. What is it that makes Bitcoin valuable?

    What is it that makes stocks, land, real estate, precious metals, etc valuable?

    What does a person actually own that has bitcoin? Just curious…

13. He’s totally wrong at the 5:00 mark. Even though it has a finite supply, BTC can be manipulated like other commodities e.g. gold, silver, copper etc. because when the BTC ETFs come along, paper contracts will be used the destroy the price to favour those who want it higher or lower at any given moment.

14. There literally isn't enogh bitcoin to go around and even if there was, it will be worthless before it's all mined.

15. Great analogy to the Trojan horse.

    however in the true sense of a Trojan. Bitcoin is the horse. A false flag.

    If Banking = The auto industry.
    Bitcoin is AC propulsion.
    Ripple are Tesla.

16. But number go down though

17. It blows my mind how one minute this dude speaks about what real money is(physical value) and then the next says crypto(which is fiat currency not physical value) is just like real money, he either doesn't understand his one words or is selling the pyramid scheme of crypto to stack his own pockets

18. I want mine more money. Its a common feeling for everyone. Any symptoms is vulnerable. I think it's a bad ideas buying diet.

19. Bitcoin is a surveillance coin and is worse than cash, go get Monero and thank me later

20. I dont think this aged well

21. Isn't Bitcoin totally open and easily tracked / surveilled?

22. This guy is dead wrong CBDC is the only thing that will be allowed! Bitcoin has zero utility the government will destroy it!

23. Tether has been used to manipulate the price of bitcoin…
    There are investigations into this currently, as well as the exchanges…something no one wants to talk about…

24. Wait so people will sell me their i finitely valuable bitcoins for my worthless dollars?? Where do I sign up!?

25. The Rothchilds and Rockefellers created bitcoin

26. "maybe I'm biased because everybody thinks what they want is what's going to happen" is the only valuable statement in the whole clip.

27. This is bizarre because Bitcoin isn’t pfs. He’s not wrong about crypto assets in general just Bitcoin in specific.

28. This guy will get people rekt

29. while it is still cheap… that was many years ago

30. The government invented the Bitcoin. This tool.

31. To be clear, he is talking about Bitcoin exclusively here, not just any crypto. I would like to understand how even though 0.01% of BTC holders have a little more than 25% of all of the coins in existence, that it is still a viable alternative currency for the world going forward. Can anyone help me with this?

32. Have you ever considered governments making crypto illegal and making public and private arrests of those who use it? No bubble needed, just a pop.

33. Bitcoin is a Trojan horse, for cbdc’s. If bitcoin were made illegal how many people would be willing to use it? People closed their businesses because the government told them to close, they aren’t going to use bitcoin if the government says no. If the government says yes to bitcoin it will only be because they can control it.

34. What happens to bitcoin when there is a bitcoin recession?

35. My personal conspiracy: bitcoin may be a trojan horse against the *people*. Perhaps the anonymous Satoshi was a group at DARPA or something similar. And once Bitcoin is sufficiently capitalized with all the clever people's money, they switch on their quantum computer and shoot it out of the sky like a clay pigeon. You will own nothing and love it.

    The number-go-up technology is too enticing for us to pass up. Those in power don't care about numbers. The like power-go-up technology.

    I plan to DCA out into guns, gold, and land at a certain level. This is 4D chess, y'all.

36. Bitcoin isn't private. It was created by the deep state. And they did it very smartly. I own some but this is how people move into digital currencies. This plan has been going on since the mid 1990s. My opinion.

37. Central banks aren’t government, yet everyone thinks so… Central banks control government hence the whole world struggle for everything; money, power, and information. Crypto currency is liberation for this traitorous practice. Screw these people who continue to suffocate the world when technology can provide liberation for everyone on the planet!

38. Bitcoin is not decentralized…

39. Government don't need to stop yall from buying bitcoin, yall pockets will.

40. 'B' FOR BITCOIN REALLY STANDS FOR 'BANKS'

41. Crypto will be absorbed by government..and there will be only one crypto..only a few will know when the rug will be pulled

42. The appeal of Bitcoin is the technology of de-centralized "currency" with a finite supply. The problem is, the technology isn't unique to Bitcoin, and the finite supply is meaningless, since you can create an endless supply of other cryptocurrencies with identical characteristics of Bitcoin. This is dutch tulips all over again. The technology introduced with cryptocurrency is valuable, conceptually it has already changed the world, but we live in the information age, information is free. Bitcoin is a pump and dump scheme at this point.

43. 5:08 you can crash the price by being a large holder and selling it en-masse. Governments are capable of doing this, so are the ultra-wealthy. Which means that despite the decentralized nature of bitcoin, controlling a lot of it counter-intuitively can make the levers of control around it centralized.

44. Why do people think bit-coin is untouchable by governments? Feels naive.

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