cross-posted from: https://lemmy.ml/post/17303063

An enlightening and high quality video on how money and the banking system work, why they are corrupted and what is the solution.

  • PotatoesFall@discuss.tchncs.de
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    3 months ago

    They are just a crypto shill and a neoliberal. They don’t care for liberation of humans, just for liberation of payments from government. They are a professional investor, I’d say this video is basically anarcho-capitalism in a nutshell. Some of the points they raise are valid, but many are not. For example, not being able to print more money in the government actually removes the ability to control deflation, and if governments can’t print money, that’s basically self-imposed austerity.

    if you want to pay somebody on the other side of the world, crypto already lets you do that. There’s no need to hype it up any more than it already is.

    Also disingenuous to hype up bitcoin without bringing up the inherent environmental concerns.