Own Cryptocurrency? Watch this. | Robert Reich

[MacBookProHo]

this dude is a douche and says some of the stupidest political things ive seen from a human

Literally everyone across social media is a douche,

You Have to be a douche to succeed and capture attention on social media.
And you have to look stupid and say stupid things to get reactions.

Make the biggest shock Orgasm face you can....and make a video titled....I TRIED A BUFFET FOR THE FIRST TIME IN MY LIFE
and watch the views and subscribers and ad revenue roll in,

 

[MarkBrown]

Notice that the OP did not say a single word.
He just post the video and that's it.

In fact, there are thousands of OPs who create new threads
and they don't utter a single word !!!!!

So DO NOT WATCH that video.
It is definitely full of garbage.

i have a long list of blocked posters who do this, you will also notice if they post in the forms they are always super negative. m

 

[Scataphagos]

Reich is a dickhead much like Krugman.

 

[KCalhoun]

I'll say his points make sense re unregulated uninsured etc makes crypto risky. I don't agree re ponzi

 

[The_Krakenite]

So the old man is implying... anything that goes up, will go down, so don't buy stonks. Just buy bonds and watch inflation eat it away.

And pray there is no default.

 

[NoahA]

Interesting video, and I'm with @Sprout in that he raises lots of good points. But what I can't get over is how much time was spent talking about the corrupt banking industry. It seems that regulation, then deregulation, and then re-regulation was as much of a problem as the corrupt bankers.

So in some ways, if we remove corrupt bankers and corrupt officials, maybe we can finally move forward. And isn't this what crypto is trying to do? To remove the rulers and just have the network enforce the rules?

I actually really enjoy talking to deniers because once you understand their apprehension, and offer solutions, you can actually help them see the light.

 

[NoahA]

And I follow Robert on twitter and enjoy his posts. He may be wrong about the solution, but isn't wrong about the problem. Regardless of where you are on the political spectrum, if you work for Amazon and have to pee in a bottle, this is not right. The democrats and Republicans keep pointing fingers at eachother, and both have valid points depending on the issue. But neither will actually solve the problem. Following Robert is good because you want to be exposed to both sides of the argument.

 

[deaddog]

So in some ways, if we remove corrupt bankers and corrupt officials, maybe we can finally move forward. And isn't this what crypto is trying to do? To remove the rulers and just have the network enforce the rules?

Isn't that what the video implies? There are no regulations or rules.
It's the wild west. Make up the rules as you go along. Anytime you have a self regulating system it seems the little guy gets screwed. Anytime government steps into protect the little guy, the little guy gets screwed worse.

 

[NoahA]

Isn't that what the video implies? There are no regulations or rules.
It's the wild west. Make up the rules as you go along. Anytime you have a self regulating system it seems the little guy gets screwed. Anytime government steps into protect the little guy, the little guy gets screwed worse.

Interesting how you state that when government steps in, you actually get screwed worse.

With Bitcoin, the network has never screwed you. Some are heavily in a drawdown, some lost their keys or had them stolen, but Bitcoin hasn't personally screwed them. Central banks continue to screw me every day, and governments continue to tell me it's for my own good, shockingly.

 

[The_Krakenite]

I am well aware there is a possibility that ETH may crash down further after the merge as profit-takers do what they do best... take profits after the rumor turns into news.

However, I'm actually counting on it to drop this point, the great-depression 2.0 is here and one thing I've learned-- don't fight the macro! If I thought that this event was pretty sure to be bullish, I'd double-down again on ETH right now. But how long do you think a bull-run will last in crypto, while Nasdaq and other markets continue to crater as time goes on? Has to run out of steam at some point... think about it! Margin calls have to be met. There is no way around this... When the calls come, EVERYTHING must go!