? Isn’t Bitcoin a Pyramid Scheme? The arguments for, the arguments against, and finally my own opinions on this somewhat controversial subject.
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? Music!
Logic- The Come Up (Instrumental)
Aero Chord – Boundless
https://youtu.be/0LsYpvPny0I
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? I am not a financial adviser and this is not financial advice. I’m just a humble man with a great passion for all things block-chain, even tangle and block-lattice.
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It's all a house of cards. People jumping on Bitcoin are only desperate and their opportunities is dependent upon the entire market, if it all collapse.. The Dollar like the Bitcoin will be totally worthless.
It is a pyramid scheme whoever disagrees is a bitcoin owner period.
It is a clear pyramid scheme. Many might argue that all financial systems are pyramid schemes and they are probably right but at least you can buy stuff with classic currencies.
It’s all about the benefits of using it and incentives. Businesses have to find ways to gain from using it and over those rewards to shoppers so that they will want to use it. It is going up still over the long haul. It’s on a downward trend but I think it will continue to go up slowly over time of coarse not without falling and correcting as other markets do as well and have over their lives.
good content,
advice : you need to step up, your thumbnail game.
My pastor says – he who owns and can control the internet owns all the cryptocurrency.
That means the Government's of the world own all our Cryto-Digital currency…
Yes thats right – Crypto-Digital currency relies on the Internet – of the internet goes out – your cryptocurrency is not usable
So we are all basically just handing over all our "Real hard earned cash and assets and metals and property " for more nothing
That is a great video. I like the man in the mustache at the end who came on and started coughing!
Spend and replace is the answer. Thanks for stating the obvious…seriously. It is the elephant in the room. HODL a bag. Have another bag that you use to spend and replace. Go convince a mom and pop shop, an artist, musician, any small business to accept some crypto. Hold their hand. teach them. help them. Otherwise, BTC will fall away. And crypto companies like Ripple will market their cryptos and win the game. Don't rely on CENTRALIZED entities, centralized conditioned actions, or centralized ways of thing to actualize DECENTRALIZATION. The crypto you spend today will increase the value of the crypto you are holding tomorrow.
yes I agree – fuck the banking system for all they have ever done … take away their absolute power … I hope to see this soon
Love it…
Its not a pyramid. Ponzi, maybe…
good explanation 🙂 like it…..late but SMASH
Why talk about the recession in past tenths, its still ongoing!
Yes but piramide are made of blocks, just like bitcoin! ?
The Food Pyramid is a Pyramid Scheme
Haha good to see your old rival Fiat Daily still lurking around the corridors ? yes I agree, when the market cap of Bitcoin swells sufficiently to stabilize the price it will become more attractive to the general public to use for transactions. I don’t think it’s out of the question that one satoshi could be worth about $1 in the coming years.
You should really lock your doors to keep that guy out.
Haha THANK U.i F-in LOVE IT.great vid.sooo to all those that only got a slap on the wrist…….F a cop….street justice is what needs to happen.make a list n i would love to go one by one….that would make me happy.lmao…i guess im alittle lucky tho soooo.def put a smile on me.thank u….peace n much respect… S.I.N.Y….NYC….oh again….peace.so what i said it twice.lol...STREET JUSTICE twice again.ill say that one a million times more.ok ok….(i feel like jim jones,im a pimp tho,no limp tho,couldn't copy my style at kinko's)lol.althought im a bit more old school really,but respect to anybody that knows that song line.haha……peace for real now
FIAT DAILY!!
This guy is an idiot . Looool
Very good video, good to remember about the fondamentals once in a while, thanks
I think the suit should be a permanent feature. Far more professional. And you wouldn't need to do the not financial advice discalimer with the suit 😉
Love new background music
Yo mr cdaily. I'm still here with you man. Might wanna look into this article to help kill the imposter coin: https://bitcoinist.com/bitcoin-cash-development-ghost-github/
I love that you politely closed the door on satan at 6:14. Truth conquers all 🙂 You’re a warrior Cam: in the guise of an average pommy 🙂 Respect from Australia brother.
In China, property prices (apartments) have skyrocketed for the last 15 years. Believe it or not, properties have risen 30% per year. Just over 10 years ago, an apartment in Xiamen cost 4000 RMB ($600) per sqm is now at 100,000 RMB ($15,000) per sqm. I have lived in different cites throughout China and they all appreciate around 30% per year. Where I live now, it was only 14,000 RMB ($2100) per sqm about 6 years ago, but now it costs 50,000 RMB ($7600) per sqm
I don't have to hold stupid waste-of-time parties for "invitees" who discover they've actually been kidnapped. I am better off if I never mention my personal finance decisions to anyone. Instead, my friends and relatives are not part of my "bottom line" and still feel free to call me without being ambushed. I don't have to memorize deceptively coded language such as "business opportunity" to hide my crypto investment. I can watch charts and your clever videos in my slippers and even occasionally increase my investment while I sleep. As a Hodler, my uplines and downlines are totally ignored. I never worry about getting vitrolic responses to my FB posts. And people know my name, they never have to call me "hun."
Great video! Although 1 banker went to jail lol
You are in stride man. I know you had a bit of a rough couple months (as you stated), but you are killin’ me lately. Just on top of it.
this one was really noice
https://www.binance.com/?ref=10800638 Best site for buying/trading coins is definitely Binance, you don't need to submit documents to trade up to 2BTC so can buy instantly. It is the best exchange in the world and biggest in terms of volume per day so your money is as safe as it can be. If you sign up using this link you can also get 50% off trading fees.
Don’t want to transact with old technology as cryptos and bitcoin are. Don’t want to give fees like in a bank for making a transaction just want a crypto that runs on collectivity, just want IOTA. 😉
I was already subscribed to you, but your so good I pushed the button again to double subscribe.
Happy to see Secret Agent Brickleberry back!
Fiat agent is tour twin
Hmmm is social security in the US a ponzi scheme??
OMG FIAT DAILY YES! what a classic cameo. please give us more fiat daily please
I’m gonna pick then up in a second – LMAO!