Actor Ben McKenzie on why crypto is the largest Ponzi scheme in history
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- Опубликовано: 29 авг 2023
- Ben McKenzie, actor, writer, director, and co-author of New York Times best selling book "Easy Money: Cryptocurrency, Casino Capitalism, and The Golden Age of Fraud", joins BNN Bloomberg to talk about his latest book and why he believes crypto is a scam.
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Lol everyone in the comments is salty that their fake money is being exposed.
Your shit coins are backed by nothing and have no fundamental value.
This is like having Ja Rule comment on the topic..
WhERe iS ja
😂😂😂
No.
No. It’s not.
It's really not. 1) he has a degree in economics and 2) he's right.
For example Imagine a 10t bitcoin marketcap, assuming any dominance weighting at all, you have to assume that alts, these ponzies, did not peak in 2021, and actually deserve to continue absorbing speculative capital that is no longer near 0% interest to borrow.
The novelty of speculations and the record level costs of borrowing are telling you that there is a near zero chance that alts will rally to new ath
Did he even asked why there are so many cryptos out there? Does he understand what a "distributed ledger technology' does? The problems it solves just for the internet itself? Where no 2 parties need to know or trust each other, but have full trust and security through the nodes. Utility boy. Currency is the least of use cases for crypto, wait until companies who do edge computing and internet infrastructure use it to distribute data at bigger scale and way more secure than the porous data towers of central companies? And that is just one use case out of plenty. Of course there are scams and useless tokens out there etc and bitcoin just paved the way is all, and its way too slow and insecure. Its like the AOL of the internet in the 90s, we will find the most aBFT ecosystem that will eventually be the Google of cryptos. Thank you for reading.
April 1st?
I used to watch this guy on the OC. Surprised to see he is actually articulate and seems smart.
Omg RYAN I LOVE YOU 😍😍😍
Buffet does not believe in Crypto...and he's a very smart man.
and also 90 years old
Oh boy that guy. Why would you listen to him seriously?
Crypto is an asset, at least the biggest market cap ones. Some alt coins can be Ponzi.
Ha ha ha ha ha. Ah economist that knew nothing about financial markets decided to write about financial markets. Haven't seen that before! Came iinto crypto with a jaded view, sees all the jade bits and throws his jaded blanket over all of crypto with no appreciation of nuance, sequencing of events, political agendas, potentials. Zzzzzzzzz...
If you had a degree in economics you would have looked at the financial markets way more than you try to make us believe. Yes some cryptos are scams and shit and yea some stocks are too so dont see what your point is
98 percent of coins are dogshit
_Author_ and _writer_ - redundant, no?!
So now we trust actors
it turns out that he was right!!!!!!
@kaizersouza1562 really in what way ???
@@jimmywilde2033 Most of the are dying.
Ben still doesn't dare (or is told not to)... yet... to point out and explain that BTC is not the actual Bitcoin 🙂
Everything in the right (planed) time I supose
Ed, give it up mate. The BSV clownshow is coming to an end.
"I have a degree in economics" more like I have been indoctrinated in the pseudoscience know as Keynesian economics
Yes, I take my financial advice from actors, good thing I came to BNN Bloomberg today to learn from such learned experts
You have brain damage, dont you ?.. He has an ECONOMIC DEGREE
He also has a degree in economics ;)
😂😂😂😂😂 this plum has no idea what he is talking about. Alot of crypto is innovative new technologies, money will be going digital. He brought at the top and lost a load of money. Do your own research simple as that.
Ben is still mad he lost over $200,000 trying to short shitcoins.
Maybe he should stick to acting? Loved you in Gotham, but not this bud. People just don’t know how to safely invest in the right cryptos, the right wallets, the right exchanges.
Meh, he's probably not less knowledgeable than us about crypto just cause he is/was an actor.
Let the record show that he's anti-bitcoin because he's going to try to change his narrative to "anti- altcoins" as it starts serving his narrative.