still at the start of the video right now but so far it's pretty accurate
the intro is regarding NFTs which he didnt really talk about that aspect but is more of a mean to launder money, same way as traditional art is
like, politicians with big pockets releasing their "painting" (which is most likely really really bad) and sell it for millions so that way they have the proof of where the money came from (from that sell) even tho they basically just bought it from themselves
NFTs were basically forced into a market that never wanted them, actual artists never welcomed them and it just ended up giving a bad reputation to other technologies that didnt have anything to do with any of that
the bitcoin segment he talking about how satoshi kinda shilled himself as the newborn jesus and that it's a revolutionary technology or whatever
which isnt true, he was a dev and never shilled it that way but more as a proof of concept (which ended up getting adoption)
then only years later, people do what people do and the whole cult worshipping became a thing
the original cryptoanarchists and cipherpunks are indeed not on bitcoin anymore as he explained pretty well that
bitcoin became hijacked by centralized entities
the 7 transactions per seconds on layer 1 doesnt scale properly compared to visa/mastercards networks
where am at in the video he didnt mention lightning network just yet which is just bitcoin's centralized way to increase a little bit that number of possible transactions per seconds
(which as i mentioned in an other thread, bitcoin's solutions to bitcoin are creating more issues to bitcoin than they are solving)
the deflationary model prevent from people actually using it as a currency (which it was supposed to be that)
the current fiat system is also wasting a bunch of electricity and bitcoin originally would have been better if it kept to 1 CPU = 1 vote, basically being mined on everyday computer, phones, laptops, hardware that people already have
rather than ASICs which are single purpose specialized hardware only made for the sole purpose of mining bitcoin and becoming e-waste after few months
and so far he explained pretty well how bitcoin right now is just a mean for some people to just make more dollar/euro than being a currency on it's own
as a cryptoanarchist / cipherpunk myself, i agree with that video
(well, only at the half of it for now, still watching)
This post was edited by derpykitty on Jan 14 2023 10:29am