The big man on campus came out personally to comment on cryptocurrency in the Youtube video
"Bitcoin Warning! Are We Headed For A Cryptocurrency War? - Steve Forbes | What's Ahead | Forbes"
https://www.youtube.com/watch?v=GT_CqmvoMrE
Spoiler alert: He predicts that technology will win over the current crop of currency monopolists, but the way he got to his conclusion shows that even Steve fuckin FORBES doesn't really understand crypto.
First, his argument against crypto was the tired old "you can't use bitcoin to buy a cup of coffee" nonsense. I guess nobody's told him about using bitcoin as collateral, not as currency. You don't spend the BTC, Steven. You bank it, borrow BUSD against it and use THAT to buy the cup of coffee, volatility free.
He also functions from the point of view that governments actually have a chance of stopping crypto. I can't blame him. We've all been so brainwashed to accept that governments have a total power monopoly. If they want to crush anything, they can. Um, yeah, until Edward Snowden completely fooled the entire US government and is still chillin quite hard and quite alive somewhere, giving interviews whenever he feels like it, and being distinctly not crushed.
Crypto in general and bitcoin especially cannot be stopped, Steve. This is a war we've already won as long as we don't let Paypal and Coinbase custody all the bitcoin. And that is a weak point — the stupidity of the herd. But technically, crypto is light years ahead of the dumbasses in government. Bend the knee.
I mean, if the top guy at the top financial entity in traditional finance doesn't even really get what's goin on, the stupid ass private sector rejects employed by government have no chance.
He also talks about long-term contracts like mortgages being impossible. Somebody please let this dude know that smart contracts on Ethereum and Cardano have already solved whatever boomer argument he's thinking about.
Then he talks about taxes like we're just going to accept whatever bullshit the IRS tries to pull. Hey, taxman, I don't own any bitcoin — never have. That account I bought some ETH for? Yeah, that was a gift to one of my friends in Malta, so the coins aren't mine. And that money I pulled out was a loan from a decentralized bank. I have to pay it back, and I'm using it for business, so it's not income. Sorry.
I mean, Steve, it was a nice try. But I'm actually glad this guy still has all these boomer ideas. It means we're frontrunning the so-called experts by a country mile and there are still plenty of profits to grab before they fuck up the market.
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YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Always remember:
Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM
Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.
Gems I'm investing in:
