Why Bitcoin Fails as a Currency | Four Fatal Flaws that Gold Bugs and Bitcoin Simps Miss about Money скачать в хорошем качестве

Why Bitcoin Fails as a Currency | Four Fatal Flaws that Gold Bugs and Bitcoin Simps Miss about Money

Lately Bitcoin experiencing a market correction has people who aren't already invested wondering if it is time to get in on "the future of money"! Cryptocurrency is and has been an exciting and common topic online, particularly on YouTube and it all seems to be very positive. As someone who recognizes contrarianism as a vital tool to avoid getting caught up in hype I felt the need to do a video on some big issues I see often go unmentioned around the subject. There are 4 Fatal Flaws that I decided to focus on (more exist) and those revolve around a lack of understanding by advocates of what money is, those are: Timestamps: 0:00 - Intro 0:48 - Deflationary Currency is a Bad Idea 4:53 - Lack of a Stable Value 6:52 - Gold Bugs and Bitcoin Simps 9:48 - Countries as Competitors 14:05 - Additional Concerns Source Links: What are the Dangers of Deflation?: https://www.investopedia.com/financia.... What are Deflationary Spirals?: https://www.investopedia.com/terms/d/.... What is QE?: https://www.investopedia.com/terms/q/... Why BTC won't be real money: https://www.ai-cio.com/news/bitcoin-w... Problems with Currency Fluctuations: https://www.investopedia.com/articles... Crypto Manifesto by Timothy May: https://www.activism.net/cypherpunk/c... Interview with David Golumbia on the Politics of Bitcoin: https://www.salon.com/2018/06/08/how-... Why the Gold Standard Failed: https://www.moneyandbanking.com/comme... How the Federal Reserve Works: https://www.investopedia.com/articles... India creating it's own Crypto: https://www.indiatoday.in/technology/... China making it's own Crypto: https://www.forbes.com/sites/enriqued... Bitcoin's wasteful Energy Use: https://www.bbc.com/news/technology-5... Further Reading: The Politics of Bitcoin Book: https://www.upress.umn.edu/book-divis... Imperialism, the Highest Stage of Capitalism here: https://www.marxists.org/archive/leni... STANDARD DISCLAIMER: This is for entertainment purposes and is not financial advice. I am not a financial advisor, CPA, attorney, and none of this shall be construed as financial, tax, legal, or any other professional advice.