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     7 years ago (edited) 

    Interesting interview and it had some valuable info, but his guest has a bit of tunnel vision in general (already has his mind made up) so its like hearing 1 side of a 2 sided debate, which I am not really a fan of as I prefer to hear both sides talk it over, not a single guy say 1 side of the story and another guy just smiles and nods while agreeing 100% with him. The fact that they kept talking about how bitcoin needs to be able to keep up with Visa in terms of transaction speeds, in my mind shows how little they understand cryptos as a whole. I mean who here understand that Bitcoin isn't designed to be, nor will it ever be the crypto used for day to day transactions? Probably most of you, as many of you likely already know Bitcoin is designed to be used primarily for preservation of wealth or larger transactions (savings account similar to gold) and is not designed to be used frequently by the average user in the long run like a credit card like those 2 guys kept assuming it needed to be able to do to succeed. Truth is, there are other cryptos that do the day to day transaction aspect of crypto spending far better then Bitcoin ever will, and those cryptos that excel in exactly that will be the ones used for that task (checking account/pocket change similar to silver). Basically these guys are forgetting that the crypto space is a un-united mass of different coins/tokens (not just Bitcoin) which each have different strengths and different weaknesses. If you tunnel vision focus on a single coin and expect it to do EVERY job the economy needs done you will obviously see flaws in cryptos as a whole, but when you take a step back to see the wider perspective and understand that once the cryptos are more united and each find their relevant place in the space (which they are just now starting to do), that each one will be able to do its intended job far better then the current global financial systems currently do. Together they stand, divided they fall, and this saying is also true in the world of cryptos. People need to stop focusing in and picking out the flaws of individual coins, and instead need to understand the strength created when all the coins unite together to create a powerful financial system which is able to do everything the current system does, each playing their specific role they are designed to excel in.

    Anyways, just my 2 cents...

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     7 years ago  

    Very well put. Your right, would be better to have another to debate his comments. Still an eye opening video.. thanks for your reply