You are viewing a single comment's thread from:

RE: The Bitcoin Psyop

in #steemit7 years ago

Some points from the video.

Bitcoin is in a bubble.
Bitcoin is not blockchain.
(Say the word blockchain and increase your company's value)
Blockchain is a new technology, and is revolutionary.
Blockchain is just a tool, its use is determined by those who maintain the network.
(Centralized governments monitoring citizens, institutions and businesses using private networks to increase their margins, etc. are boring applications of blockchain, changing the way transactions or permissions are handled by people globally and removing the need for trusted intermediaries isn't)
The blockchain won't destroy banking on its own.
Centralized governments will attempt to reign in the public and push them towards their government-issued fiat.

Even if bitcoin or crypto craters in price it will not destroy the will of those who see its value as a game-changer in the lives of billions. We need to spread better understanding of why such technologies can be useful and not attempt to just shovel them into manipulated markets with little to no understanding of the concepts underlying the systems others are telling them to buy in to.

We need current and future generations fostering a truer appreciation and understanding of what this all could and should mean for them, and not have them be burned by blind speculation and high risk plays with money they can't spare in the first place.

Sort:  

100% Facts. I appreciate that.

Hah, nice bio quote you got there.

It's people like you that i want to be friends with lol. Thanks for recognizing it. It does seem to sum up things pretty well!

Yeah it does, lol. Annnnnd followed.

Followed you back