I remember seeing web 1, but not using it. A child watching my uncles have LAN parties, not understanding enough to participate. My spine is still fine. But the slight and occasional ache is like thunder in the horizon, slowly approaching.
@@BubbaHoggit - Yeah, they were a thing for a bit. In fact, they were all the rage back in late 2017 and early 2018. For the curious, it was a game in the same sense "Crypto Zoo" was a game. People would buy, sell, trade, and breed kitties in order to create rarer and more "valuable" kitties to sell to a greater fool.
I know logically that you must have taken breaks, but the sheer feeling of pure, unadulterated rage and contempt nonstop for over an hour and a half is honestly impressive. Subscribed.
Hilarious how she consistently defends the Federal Reserve. You know their whole strategy is to pump the stock and bond market full of printed money, making the holders of those assets extremely wealthy at the expense of everyone else? You know what goes DOWN during this process? Your wages! This was just a smug 90 minute defense of the status quo.
As an old person I've got to say that videos like this give me hope because the person who made it reflects the best of today's youth and they are our future. Genuinely a tour de force production.
For sure! I'm someone who's right around her same age, and she gives me hope for the future, too! 😄 I may have 30+ more years here in this twilight zone of a country, & I'm grateful to have someone like Munecat spreading sanity, logic, and truth to some of those I'm stuck here with!
@@Neyagrl unfortunately many of the good progressive thoughts are pushed back by ignorance, fear and mob mentalities. I certainly don't wish to instill a sense of hopelessness in your generations, but I don't think these issues will be ones that will be resolved in one generation. But we should still be grateful that some people have the decency of not falling for such tricks and make actual changes that improve life for more and more members of our world.
@@lerui2820 Just because you're moving forward (ie, being progressive) it doesn't mean you're going in the right direction. "Progressives" themselves tend to operate by a mob mentality that would make the Mafia blush.
@@lerui2820 My point was, chasing progress in and of itself without any overhead or long term goal is more of a pointless expendeture of resources than some grand leap forward into a utopian better world.
your access to vocabulary, and innate ability to present information with such a sharp sense of humor, is incredible! thank you for all the work you put into this. big fan!
Access to vocabulary? That sounds like something written by AI. 😂. IT'S JUST KIND OF FUNNY THAT YOU'RE COMPLIMENTING HER ON HER VOCABULARY WHILE YOU ARE NOT USING PROPER GRAMMAR. LOL
It did occur to me that anyone shilling for metaverse have never played or ever been in second life or VR chat. 5% people talking 5% fetish porn and 90% trolling and fucking around
@@thelawenforcerhd9654 Hey man stop wasting your trying to convince these people trust me it's not worth it. P2e is revelutionary and we both fucking know it, they will get left behind so just be patient and all take all their fucking money in like 4 years 😂😂
@@michaelhiggins2823 You're really not helping your case here talking down to the people who already think you're an out of touch entitled scammer. I'm sure this hasn't turned into your whole damn personality or anything 😂😂
@@kristopherwatts9466 Not trying to convince people honestly this is just one big ego trip filled with gratitude. I am so grateful because I realized how ignorant peeps are still are about general Blockchain concepts and how they relate to actual real world use cases. And I'm a be real wichu man I live rural, ain't got shit to do but smoke dank (20%) and degen gamble my life savings (other 80% of my personality) and do some research and follow people a looot smarter than me.
She's literally a NPC grifting bot reading scripts written by others about things she has no clue about, and also defends totalitarian CBCDs. Breadtube is paid to shill for clowns like NeoconDems & other govt insiders
Most people are aware of the idea of a "Turing Test," where a computer can convince someone it's an actual human. There is also a "Reverse Turing Test:" can you tell the difference between some garbage churned out by an algorithm and some garbage churned out by a human that just really doesn't care?
Everything she says is "fucking great" ... 3 months she took to make a single video, and it's 100 minutes of sheer brilliance. My only regret is that she didn't take 6 months to release a 200 minute video!
true but because attention is now a resource to be harvested it's scarcity makes it valuable. Your most valuable resource is time and everything/one on the internet harvests it. V harvests it for money and power but the con is that this uploader mune does also. It's just a different type of con. She just sells you a different story.
@@thecolumbopause4961 now let's have that pseudo-intellectual crap in English please. Perhaps, "'Patience' is a virtue - a finite virtue ... Like the sands in an hour glass, these are the days of our lives, our patience running through the centre to the bottom, grain by grain. Are we being conned by Munecat? Has she fooled us all into thinking we were watching a beautiful lady change the world with a 2 hour masterpiece? Or perhaps - if I may be so bold - she is a mirage ... in fact, she is merely a beautiful illusion - a Venus - a Goddess in a bathtub! ... her hands splooshing the water in frustration - an act that can cause a butterfly in China to crash into a signpost and die. Was it Shakespeare?, or maybe Carl Sagan - actually, probably Richard Dawkins who said: "I am what I am. Because otherwise I might think that I am, when I am not." Sage words that have already stood the test of time (about 40 minutes! - I'm really proud of that one :)) Pseudo-intellectual crap! One person who is not a pseudo-intellectual is the lady in the video. She has made one of the greatest RUclips videos of all time. A complete dismissal of crypto currency and NFTs and the Gold Standard and Adolf Hitler, in less than 2 hours. Absolutely amazing!
That is so true. When enough people say "look at this problem" were blinded from other problems... there isnt enough attention to solve the popular problems so major problems could slip by unnoticed
I once met a silicon valley guy who genuinely thought web3 would solve all the problems in the world. Except we already have solutions for all of that but refuse to implement them...it's not a tech or innovation problem, it's always a policy problem
@@anonymous-0 you can do all most of this with a typical bank account, and anything that doesn't fit is completely useless. And it can be done without destroying the planet as much.
@@anonymous-0 and current banks are realistically much safer than crypto, with there being tfa and other things. It's not just a password holding your savings.
@@axos3130 You really thought you did something there. Crypto isn't a solution to anything other than scamming prospects and selling drugs. No only that, but crypto isn't even fully anonymous 😭😭😭
As a professional software engineer with nearly a decade of experience... thank you. This really hammers home what I've been trying to explain IRL for years, that the problems with the tech are fundamental, and that it crashing is the best case scenario - since "success" likely results in the kind of nightmare dystopia I used to think couldn't ever happen outside of cyberpunk novels. And even in the event of a crash, well... as you say, a lot of these people have already been conditioned to be angry at the wrong targets in the first place.
feels like part of the problem is that a whole bunch of tech bros read those books as aspirational utopian examples in their formative years during the 90's. Im curious if the whole "end of history" idea stripped regular culture of a shared collective narrative in which we could achieve a better world, and cyberpunk was one of the few places were anything along those lines were expressed.
I can see uses for... domain specific blockchains, NFTs, etc. Anti cheat in online games with their own "private" blockchains for example. Unfortunately the mentality around the tech will never let that happen in the way I see it.
@@MechanicaMenace Anyone who says this is either a tech surface knowledge enjoyer (i.e. people that can't see the difference between practical and theoretical science 99% of the time), or is financially involved in crypto. Either way, you're on the left-tail end of the distribution, and I'm not sure if there's salvation for you.
@@nisbahmumtaz909I'm neither. And I think you misunderstood me. I didn't mean in anyway tied to real money or facilitating out of game trades for in game resources for real money. Now if all the servers for a game are run by the publisher this would be useless but for something with an ecosystem more like Minecraft it could be useful to at least track resources which were... cheated into the game
General rule of thumb. If a thing works and has great benefits for society, you don't need to promote it in it's "early days" because the bandwagon effect that creates once it's out, will make it promote itself. Over-promotion means that you are selling the hype, not the actual product, because you know it stinks
NFTs and the related paraphernalia are like the masculine version of MLM grifts. It’s insane. The community around it is so aggressive, delusional and toxic.
@@Apoc2KI’d say the whole “alpha male” thing is a lot less popular and a lot more harmful than astrology lol. At least astrology doesn’t have you talking about a woman’s “fertility” (in a non medical context).
50:50 imagine doing a crime then 1: not destroying the evidence, and 2: leaving the evidence helpfully itemized and labeled accurately for the police to find
If you don't have the means to hard fork it out. But regardless, to me nothing is more dystopic then having absolutely catalogued and at the leisure of the state...
Her consistent disdain for the rich and hypercapitalism is like a salve for the pure disgust I've felt for crypto and NFTs since I accidentally fell down a youtube rabbit hole.
@@krmunoz2169 this reminds me of that meme where one guy says that society needs to be improved somewhat, and someone else dismisses that comment because the first guy participates in that society lmfao
@@blankii333 you hate capitalism yet participate in capitalism in order to earn money to literally buy food and shelter to survive? wow what a hypocrite you hate slavery yet you're a slave? wow what hypocrisy need I go on
24:03 funny you mention, a lot of small underground artists from all genres were briefly under a plague of NFT Music websites stealing our music. Like legitimately just illegally downloading the songs, and then selling them on their website. Thankfully we all dmca’d them out of business, Rip in Piss Hitpiece
All the art communities got similar treatment, but unfortunately for digital paintings its harder to hold the thieves accountable. Got to the point where one guy illegally minted NFTs of a dead woman's art.
I'm a fairly recent graduate in Computer Science and got my first software development job in 2020. The job was a small startup that had nothing to do with the crypto space, but toward the end of 2021 after the whole NFT blowup they suddenly decided that they needed to incorporate crypto and make their own coin which was hogwild to me because it felt so far out of left field for what we were making. When I started looking for a new job, at least 15 of the other local tech startups I reached out to were planning on minting their own coins and selling NFTs, even though their main products were not crypto-relevent. It was just insane.
I love how future NFT Ideas/campains (there is to many thing I feel like I can call the bs) that you could use a gun you unlock in Fortnight for example and then use it in another NFT based game lets say world of warfare, its so obvious this kind of stuff is targeted towards people that don't really know how things work and there is many examples of this in what I can see
@@link7417 Yeah if you know ANYTHING about game design, you would know two simple facts that expose the entire thing as a scam: 1) It is NOT a new phenomenon. Team Fortress 2 has been doing it for literally over a decade 2) Taking your NFTs from one game to another isn't just drag and drop. If the new game doesn't have the item programmed into it ahead of time, you're S.O.L.
@@TARINunit9 exactly and then even if one theoretically could program in every NFT weapon/Item(whatever) in to the game and I do say that theoretically, you would have so much legal leg work to do to get the rights for the models and textures and I would assume the creator of the NFT item would want some kind of compensation for letting you use it, what I mean to say is that its a legal nightmare to deal whit even if one over looks the technical problems whit it
33:57 - the irony here is that the regulators were 100% right. From an information security perspective, when email was first introduced, anyone, absolutely anyone on the network path between the computers could read what was in that email. While nowadays, thanks to HTTPS, communication is encrypted, back then it was not. Might as well put whatever confidential information there was on a piece of cardboard and walk through the city holding it above your head. Using the introduction of email here is actually amazingly fitting, but likely not in the way Mr. Brooks intended it. by the way, stellar video on all counts.
I can assure you i had A LOT of fun with MITM on public wifi hotspots in places like mcdonald's or school. watching people react to screamer shock sites was the beeessst!! simpler funnier times
Also, they were right about banking software. It is shockingly bad. And a lot of the technology that is still used is comically obsolete. There is a real chance you have some financial transactions made today that are written to reel-to-reel tape and physically transferred through mail by the post office, processed by software that was last touched in 1999 to address the Y2K bug.
@@gilbes1139 financial software is both fascinating and scary. If you're in the US, I recommend you watch that DEFCON talk called "your bank's digital side entrance", about online banking, the server software behind it and the interface it offers for home banking software. It's fascinating, if also rather scary, and it has a segment about how the industry making this software (and selling it to smaller banks and credit unions in particular) came to be.
bro most stuff she said looks good from the outside. the more you are involved with the things she is talking about you, the more you understand that she has no idea. to be fair some part are good.
@@yungjulius By all means then, professor. We are waiting on your in depth response video outlining in thorough detail backed up with hard evidence and immutable constants.
@@JustSomeDinosaurPersonthe main point is that she doesn't understand mathematics of blockchain, BUT she do understand maint point for same people who don't understand blockchain - they will be scammed in 99% 😅
As a former bank fraud analyst, I have come to believe that the people who are most vulnerable to a con artist are those who want desperately to be smarter than they really are. They can even be pretty darn smart, but if they are not comfortable with whatever their level of knowledge, intelligence, and critical thinking skill may be and with the fact there are people at higher levels, then they will be desperate to believe anyone who makes them feel like the smartest person in the room because of some kind of inside knowledge. I had somebody yesterday trying to tell me on social media that, for example, Walmart is owned by China. I was skeptical, because that didn't match what I had heard, but I couldn't claim to know right off the top of my head. I asked for their sources. When I looked up the 18-year-old article they named, it turned out to say nothing of the kind, just that Walmart was (18 years ago) leading the way in filling its shelves with Chinese-manufactured products, which is now true at almost any retail store in the United States. I then found a current Investopedia article that broke down the top shareholders in Walmart, and showed that when you combine both personal holdings and shares owned through their legal entities, the Walton family, heirs to the store's founder, still own the majority of the shares (a slim majority, but still, that's a controlling interest). Of course, the person had no answer to actual facts. They slinked (slunk?) off without replying, I'm sure still wanting to think they had special knowledge the rest of us didn't, and refusing to learn from any data that might contradict it. To me, the crypto bros come across as the same kind of people.
It is very freeing to realize that you are fundamentally dumb in most subjects. I realized a while ago that no matter what I do I will always be fundamentally dumb when it comes to most things, this has made my life easier and lifted so much stress from me. I do not relinquish my responsibility to think things through but it does let me listen to advice without the need to prove how smart I am. Always use critical thinking to approach things you don’t know or understand and in 99.99999999% of cases inside information that is not backed up by hard data is a bad thing to base decisions on.
Interesting analysis, I agree with your conclusions. The death of critical thinking and consequent loss of fact checking as a mindset seems to be at the root of so much of the rise of misinformation, which I think is another factor.
I think the thing that annoys me the most is how Crytobros will see someone having legit questions and concerns and act like they were just told their whole family is inbred. the way they just scramble to write you off as a detractor or from a competing blockchain so they can pretend to justify not answering your question should be a huge red flag for everyone else involved, but they somehow don't see it.
As someone who’s invested in crypto I totally agree and It’s ridiculous. I think this is a more general problem with our (US) culture which has become extremely polarized. So frustrating not being able to have a genuine discussion where you’re able to explore an issue and develop an opinion without it becoming a ideological brawl.
Cognitive dissonance, it really is as simple as that. It is not comfortable being wrong, so yeah. No matter the information, they make it so they are right. Because who can deal with being wrong about something...*eyeroll*
"I think the thing that annoys me the most is how Crytobros will see someone having legit questions and concerns and act like they were just told their whole family is inbred" What is a "cryptobro"? Most people I know who have invested in cryptocurrency are extremely sceptical and have a nuanced view of the subject despite risking money. Are you including all crypto investors in your imaginary stereotype?-because if you are you kind of deserve to be told where to go.
@@archvaldor Most people I know that have invested in crypto either don't know shit about how investing or currency actually works, or are speculators just trying to stay ahead of the crowd's money. Neither is a good sign long term.
I really have to thank you and Folding Ideas' 'Line Goes Up' for your videos breaking down NFTs, as I was seriously considering minting some. I had no idea that it was some insane awkward fad that was tied to an already sketchy alt-coin business as its structural foundation.
@@LaggyLuke not OP but i know for a lot of people its enticing because hypothetically you don't need to do much. Yes, usually you need to pay money to mint, but once you mind all you have to do is slap a pricetag on it and hope somoeone wants to buy it. Its a simular-ish idea to stocks. its a thing you can buy, and if you wait for the right time, as a casual buyer you can sell your stocks and make money. stocks are more complicated than that but again the whole "Spend now, do nothing, get money" idea can feel nice. there are obvious problems with both of those ideas, but at least that's one reason why this kind of thing can interest someone if they don't know a lot about it. one obvious downside is that most NFTs are not bought, but if you are just getting into it you might not know that.
56:06: Something about a rich Libertarian wearing rare pokemon cards in his hat, *pokemon-side-in* so nobody can even _see_ that it's a rare one, is just so _absurd._ I love how dumb it is.
You forgot the best part of the Business Plot: it was foiled by the man they tried to hire to lead their private army, one of the most decorated Marines to ever live and super star War hero/politician, Smedley "Old Gimlet Eye" Butler. Because they didn't imagine that a guy who climbed from Private to Head of a Marine Expeditionary Unit, just before writing a literal book about how much he hated being a hired thug for corporations, might not be so on board for a rich boy coup. Dude's were literally so used to being able to bribe anyone, they thought they could just pay a guy who hated the rich enough to betray the country he got all them medals from.
@@DrVice1 He was asked to be Lincolns VP and turned it down. Real historical hinge point right there. Edit: SHIT. Wrong Butler. I was thinking of Bejamin F Butler.
@@TheRealSykx in particular he tried to refuse one of his two Medals of Honor because he didn't feel he earned it. And he was right, they were one of the B.S. ones done to legitimize the Banana Wars.
Münecat, I must say, as someone who works in finance (specifically the money and interbank markets), your explanations of the monetary and financial aspects of crypto were on point and above what I'm used to hearing from most finance youtubers. I don't know what your background is, but I can tell you did your homework.
Tradition finances last I heard loves crypto. I guess uber should take advice from taxi drivers to? It's a direct t threat to your system and way of life as u know it. Of course u won't support it haha
@@chronicxswagger I hear what you say, but I think you didn't watch the video, which makes good arguments as to why crypto likely won't replace traditional finance. I really suggest you watch it because she says it better than I ever will in a youtube comment thread. If I were to add something to what she said, it's that I think traditional finance is threatened to a far greater extent by big tech than crypto.
As a pc build enthusiast, I will forever viscerally hate NFTs for what they've done to the graphics cards market. And as an environmentalist, I will add to that hate even more for that carbon footprint. Needless to say, it felt great seeing someone with as much rage towards them as I have.
Billionaire nobody has ever heard of: Hey NVIDIA, I’d like to buy 3,000 RTX 9090Ti’s so I can mine $0.03 of dogecoin a day. Gamers: Please sir, I just want to play Minecraft at 30fps-
@@fluttzkrieg4392 i knew someone who was just trying to build their own PC, not for gaming or crypto stuff specifically. she had to wait years for some of the parts to become both in stock and affordable.
same here bro. i really enjoy rigging out my computer, it’s a fun little side hobby i have. only issue is, i can’t even touch anything in there for the next fucking decade because of what crypto has done. i love staying on top of my tech, but i can’t even do that anymore man😭
I'm 7 minutes in, and I really like the style of the video. I don't know why it was recommended to me, but I definitely enjoy it so far! Edit after fully watching: great video. You obviously put a lot of work into research but also production. A video this length that doesn't get boring is not easy, but you managed to do it. Great job. I also really enjoyed the singing, I did not expect that going into the video.
I worked in a cryptocurrency firm for a few months. Despite the fact that it paid well, and I basically got to be by myself most of the time (I did 12-hour shifts on Sundays, because I was desperate for income at the time) - I hated it. It always felt off. If was as if I was doing something wrong... i knew that the coins had no value. The hype was so strong... until the crash, and things got desperate. When the company lost money, I was stoked! I got fired, eventually, because someone used an old lady to con $30k out of the company, via a fraudulent transaction. And I was (i guess) partially responsible for that, because I didn't really question the fact that an old lady was buying crypto - despite the fact that I was the second person in line to sort the transaction, and why should I have to question that? Why shouldn't an old lady buy crypto? There's no doubt that the company probably made a lot of money from the 6 months I was there - potentially, hundreds of thousands in profits, if not more - and it makes my blood boil. So many average users lost money, either because they bought at the peak, or because the company I worked with wouldn't buy back the crypto that they sold. Oh yeah - what was worse, is that they wouldn't accept coin sales until prices went back up. Class act, for sure. Oh - but do you think that the company kept their gains in crypto? Or did they pull them into USD? What's your guess? Of course they converted those gains to fiat, because they're hypocrites. They'd brag about the bag they were spending. It was disgusting. Watching this video has reminded me that the whole situation is stupid. So little of what was discussed and promised by all these shillcoins actually ended up being delivered. I ended up investing in traditional stocks, and have never looked back. And because of this, hey, it stays at a similar value, which is awesome. I have money, if I needed. Buying an NFT is counter to common sense, when it comes to investments. It relies on people being interested in it. It has no other value, is destroying our global climate, and it is predominantly and indirectly marketed by con artists and scams. It's a ruse, and it can die in a fire.
Just my opinion but, you should take full 100% accountability for contributing to shitcoin (aka as scams with no utility) and not use this anecdotal experience as a realistic representation of all the hair on fire problems being actively invovated and developed for a incomprehensible amount of use cases.
God... I absolutely ADORE your little mini-song interstitials... they're SO... FREAKING... GOOD... you are so damn talented. ...unfortunately... the content is fucking depressing. Dan Olsen's video was illuminating. This is a damn good companion piece that expands and goes further. As much of a horror show the reality of it is, I'm glad we've got people like you going to the trouble and effort of doing the legwork and research to inform folks. Thank you, genuinely, sincerely, thank you. This had to be SO. MUCH. WORK.
Without Dan Olson's video, I wouldn't have been able to make sense out of this one, but this one names names and kicks asses. This stuff is radiotoxic.
I saw münecat at a grocery store in the metaverse yesterday. I told her how cool it was to meet her in person, but I didn’t want to be a douche and bother her and ask him for photos or anything. She said, “Oh, like you’re doing now?” I was taken aback, and all I could say was “Huh?” but she kept cutting me off and going “huh? huh? huh?” and closing her hand shut in front of my face. I walked away and continued with my shopping, and I heard her chuckle as I walked off. When I came to pay for my stuff up front I saw her trying to walk out the doors with like fifteen apes in her hands without paying. The girl at the counter was very nice about it and professional, and was like “Ma’am, you need to pay for those first.” At first she kept pretending to be tired and not hear her, but eventually turned back around and brought them to the counter. When the cashier took one of the bars and started scanning it multiple times, she stopped her and told her to scan them each individually “to prevent any electrical infetterence,” and then turned around and winked at me. I don’t even think that’s a word. After the cashier scanned each bar and put them in a bag and started to say the price, she kept interrupting her by yawning really loudly.
@@marshall1093 There was a project in Grafton, New Hampshire to create a libertarian haven. But because of their practices, they had a bear problem. Laws and policies about trash and trash collections basically didn't exist leading to bears entering the town and eating the trash. Some residents may have even explicitly fed the bears too. When trying to create policies to curtail the growing bear population in the town the residents weren't willing to agree to enforced practices or even to voluntarily collaborate to stop attracting bears. ( 'Bear-proof' trash bins exist). It's an interesting topic, highly recommend looking it up! You might want to use the term 'Free Town Project' as well.
6:41 "Fudge this" 26:08 "My baby" Idk 41:22 "Crypto PR" 1:06:38 "Writing this script caused me physical pain" 1:33:39 "HODL til it hits the floor" 1:38:30 "My Man's a Hexagon" I'm just saving these for me, I like them
HA! You need to POISON yourself to have fun?! Tsk tsk. All I need to do on Friday nights is read richard Dawkins and become euphoric on my own INTELLIGENCE.
The thing about "play to earn" games is you can't actually play to earn. If you play the game to have fun, you'll be losing money. The only way to actually earn anything is to do tedious grinding and all sorts of actual work. They are miserable experiences most gamers hate.
but people are already doing this at WoW & Runescape. The difference would be they don't have to worry about breaking ToS and losing fruits of their labor
@@LiteLiger Yes, people are already gold farming in Wow and Runescape, and it is completely miserable. Also ask Diablo players what happens when a game encourages people to grind and sell loot rather than ban it in the TOS. Ask them how much better Diablo 3 got when the auction house was removed. NFT games are shitty games by design. They will always be worse than normal games.
Hey, just a very small correction: you're actually talking about Web3 and not Web 3.0. Web 3.0 is actually a term that existed long before the idea of Web3 came along. It's is (or was, since it will never actually manifest in this way I believe) a vision of the future of the World Wide Web after the current phase (known as Web 2.0., which revolutionized interactivity of content available on the WWW). It was originally coined by Time Bernes-Lee, one of the original creators of the WWW. Web 3.0 is commonly referred to as "The Semantic Web". The idea of Web 3.0 was to attach more semantic meaning via tags/metadata to data discoverable through the web (through expansion of the existing web standards), thereby making data more "machine readable" and "machine discoverable". It's actually not that complex an idea, but right now it has not really been adopted on a large scale. All this just to avoid the confusion arising from seeing the terms "Web 3.0" and "Web3" next to each other. They're two completely different things. This isn't the first time the cryptocurrency industry has astroturfed previously existing terminology. If you would have said "crypto" to someone five years ago, it would have meant "cryptography", as it has for the past decades. If you do this today, almost everyone understands this to mean "cryptocurrency and related technology". It's really, really odd.
"It is 2027...welcome to a world of endless shilling and scamming. Everyone not in your inner circle is fair game, everyone inside of it is also fair game. There is only one rule; obtain advantage at all cost, don't let yourself be limited by ethics or morality. Embrace your inner vulture."
This quote is sick but I feel bad for vultures tbh. They get such a bad rap, when really they're like the only carnivores that don't harm other animals.
@@freya1348 Aye, carrion eaters are looked at as worse than predators even though they're pacifist carnivores. Also fun fact, most carnivores aren't truly meat eaters, they're _blood eaters_ with an extra step.
ok? aaaaand? If you don't want to live like that, don't. Find a group of people with similar values to you. If you can't find that group, you are literally the only person with that opinion, so why should your opinion on reality dictate society? Don't get me wrong cryptobros are fuckin idiots but, guess what, many many many people think that, so if you want to be surrounded by people who agree with you, you aren't limited with options!
On the subject of Play to earn NFT's: They're using this as a way to get around gambling laws because as long as you have an element of skill involved, no matter how small, it isn't considered gambling. The same way mobile games can sell "pulls" because you have to do something small in the game to cash them in. They're literally creating an NFT casino XD
Video game microtransactions are basically proto-NFTs. They were ahead of their time when it comes to shady practices and covert gambling targeted towards children.
Somehow, non-productive labor exploitation through NFT gaming seems a million times worse than productive labor exploitation. If nothing is even being produced then what the fuck??!
I mean at least in the classic productive labor exploitation there's the illusion of eventually being able to move up if you work hard enough. In this, you're on the grinder forever AND there's no regulations
the difficulty reconciling this is the economy of the future where most labor is automated and the economy itself infinitely more complex. Depending on geopolitical and macro economic events
I loved Dan Olsen's take on Web3 in "Line goes up" - I really really also love your production on this same topic. It's such important work, because there are real societal problems being exploited by the crypto grift that will likely hurt a lot of people. Great job on this. Your editorial has been very entertaining and will be shared !
Dan Olsen at least understands the technology and took the time to go through technical white papers and see the flaws. He also admits the fundamental idea of a digital token to represent unique ownership is not offensive. The problem is the farce that is blockchain technology which believes it "democratizes" the web. We can already see, it's just another extension of Web 2.0 in its current trajectory however just like the early Web 1.0 days, people can host their own FTP servers, their own IRC rooms, fiddle around with open source technology to find flaws and change them.
Strip away all the technical lingo and we get to the fundamental problem with blockchain: Software is not going to magically solve wealth inequality, corporate exploitation, and injustice, no matter how much the cryptobros insist it will. At least, not until we end up with an all-knowing AI that either acts as our benevolent ruler or kills us all.
I can't understand this perspective why you inheritly apply the nefarious trait to anyone working in blockchain. ITS LITERALLY A TECH... Exploitation is thru the people interacting with the tech, not the tech itself... Do you actually prefer a centralized entity to massively debase a currency at a moments notice? Stockholm syndrome is so strong in these comments...
i once saw a sociologist making a very accurate comparison between the concepts in web3.0 to feudalism. the main concept most libertarians don't understand, is that the big heads behind these meta productions are just feudalists gaslighting you to think they're any better than state, when they're just as opressive as any goverment they critique. that's why i hate the term "anarchocapitalism". currency, capital, these are the main sources of authority in our system. dismantling states won't do anything other than making the powerful more powerful, and the marginalized truly hopeless. I'm brazillian, and tax avoidance already costs more to public vaults than state corruption in my country. we're nearing elections, and propaganda still focuses on this discourse, the agressor blaming the victim.
the big heads behind the corporations dont make the laws, tax you and fund a police and military to control you. they also dont issue a currency that you must accept as money. that is the state. also, how much 'money' does you government print every year and compare that to tax avoidance instead of state corruption.
@@dan74275 in a scenario where state is gone, there is no other entity capable to establish laws and monitor their activity other than the corporations, or in this case, the landlords. I don't urderstand how people can't see that cryptocurrencies are pretty much like economic block currencies, new feuds can only use one at a time and literally nothing can stop them from doing so. Also, the question isn't how much money is being printed, but how much money is being prived from the population. And in this case, it's 420 billion reals (our currency). Brazil today has 20 million people going through hunger, and a huge part of this is because of a CEO that decided not to waste money. Pretty balanced, honestly
Remember: The snipping tool is there to grab those expensive NFT's free, allowing you to save thousands of dollars on PNGs and allowing you to do more important things like watching videos, shitposting and reading. So snip away and show those nft peeps your new png that you got for free. This is a free way to teach those who purchase a NFT. Spread this out and together, we shall speard this glorious shitpost. Or go eat something and watch more videos.
@@omina.fornozI think the idea of paying thousands or even millions of dollars for a few lines of code is a pretty stupid decision, but that's just me.
They hate that ppl can just right click and copy their silly pics. Ofc, these days it's more a mark of shame that they got duped so bad. The crypto crash is glorious. lol
remember: m2 => save as! Also, these often are just a link to a URL which you can grab and post around. You own it? then change the data stored at the webadress to anything provocative.
Don't worry, it will automatically execute only the finest, unlinted ECMAScript. And no, you have no say in what engine it runs on. That's how smart contracts work after all. Enjoy hell. Love, backend dev.
As a web user who’s written & designed websites, a world running on code sounds absolutely funny as hell, though only briefly. I want to see it happen, because it will prove the Luddites right!
"We were going to write something proprietary, but James hacked something together using a bastard combination of Node and Python and none of us know how it works or how to stop it, so at this point we're all just going along with it."
I'd advise any proponents of seasteading to play BioShock to see how well that utopia will turn out to be. That pitch is literally Andrew Ryan's manifesto lmao.
The play to earn NFT's section reminded me of gold farming in MMO's. They seem to be basically the same thing to me, only difference is it's NFT's instead of gold you're farming.
It essentially was, there just wasn't a centralized exchange, nor on the blockchain. You could very strongly make a case that WoW Gold is/was a form of early digital exchange currency, that followed many of the same "rules", yet at the same time lacked some of the core elements (cryptographic, blockchain, etc,) It was still a digital currency who's value fluctuated in $, could be purchased, and could be sold.
Yea, and when you sell gold, and in some cases accounts with valuable pets/mounts/transmogs etc., you're actually selling a product to someone that they will use. A character they can play as and skip time sinks that would be required to farm the gold. The Play to Earn IS the time sink and you barely make any money, just clicking a button, in order to make the people above you more rich
Ok gotta say I LOVE the direction this channel is going in, both content wise and artistically. The script was so well written, the delivery was on point, the editing was entertaining, the music was bopping, and the set design gets better every video! Keep it up Mune! Secondly I am living for this haircut, it looks so good on you!
This is a RUclips gem. I followed most of these stories individually for the past two or so years, and now I see everything falling into place neatly thanks to your work.
I am quite happy that you have mentioned and went into detail about the Axie phenomenon in my home country. At first, I thought it was just a side hustle where people who have extra cash to burn invest on it and hoped for the best but when it became sort of an "alternative" to having an actual job or a more respectable business. That's when I started to see the red flags. And for the Philippines, having most of its population living in the poverty line but somehow has access to the Internet due to the abundance of dirt cheap Internet cafes. Those said people are the victim on this phenomenon if anything. Sure, there are success stories but Axie all boils down to luck. Only the Rich can rise to the top or at least have a stable income out of it. Whilst the less fortunate just gambles on it. So no, it is not an "alternative" for having a job or a small time business.
I didn't suspect anyone in your home country would have a 'success story'. It shows how well thought out the initial scam's marketability. They knew that some players would need to 'win' besides the big investors in order to keep people coming in. So they make sure there's a lottery element to it. I think this is evidence that they're much smarter than I gave them credit for. Thanks for sharing a perspective I wouldn't normally know about.
@@RobertDrane Due to years of me not having any access to a Visa Card I am always weary of anything on the internet requiring payment. You can get just about anything for free, and if it's paid, don't bother because there is a free version out there. That is very apparent with MLMs because most require you to pay first before earning anything.
YES! It was obviously unsustainable from the very beginning. I have friends who have "invested" in axie several months ago, and are yet to recoup their money. I hate the fact that crypto bros and the company use our country to pretend that axie and crypto are a social good. Axie is nothing more but a pyramid scheme.
@@winterwolf211 I’m lucky enough to have realized this in high school. Anything digital you can get for free if you know where to look. I constantly try to show my family and friends but they still buy into monthly subscriptions of websites and products and it drives me up the wall. It’s easier when you can just pay for it so they don’t bother :/
oh yeah, highly regulated markets are virtually scam free. Literally the biggest scams in "crypto" are the useless fully licensed applications that lipservice decentralization talking points just so fuckers like the girl in the video and suckers like you can go on shit on "ancaps" and "capitalists" and "unregulated markets" without imploding from the void of stupidity in your statement
Anytime anyone sells you anything with the promise of it increasing of value in future, make sure to ask why they are selling it to you now instead of just waiting for the price to go up themselves.
So, we should ignore that munecat is yet another content creator who thinks she's smarter than she actually is? If she was truly intelligent, then she would have opened her video up with this quote from _Them Adventures With Extremists,_ "Let’s face it, nobody rules the world any more. The markets rule the world. Maybe that’s why your conspiracy theorists make up all those crazy things. Because the truth is so much more frightening. Nobody rules the world. Nobody controls anything."
@@JamesonLemonade Well with a house it is a bit different since they might just want the money upfront and you might want a place to live. Maintaining a house isn't always easy for a person to do and even less people actually want to do the stuff a landlord is usually required to do.
Luckily, here in the Philippines. There is a lawyer that also is a content creator combats Axie Infinity and NFT Games. And the NFT games hype here is now dying and people are now aware that NFT games are scams.
@@grantwithers It depends in the Manager-Scholar agreement. But in a sense it is a scam. Earnings in Axie are super uncertain since it depends on the SLP=Pesos exchange. As of typing its exchange rate is 1slp=1.08pesos(.02dollars). And the game itself has so many issues right now. Three days ago, 600 milliion dollars in cryptocurrency were hacked, and was allegedly an inside job. I don't blame the people joining, since we are living in a third world country.
@@grantwithers Sorry for my bad English, and my opinion on NFT game is: they are games but were faulty marketed as a way for you to make money. Most NFT games are based on hype alone where they used a ponzi model to fund their "play to earn" promise. Thus, children who jump into the ship later would be the small fishes who feed the early adopters.
I just got told by a crypto bro that ''crypto's energy consumption is not important because my car uses a lot of energy and I'm not gonna start walking everywhere'' I was like: You should tho. That's kinda the point...
She's back, one of the best and baddest on RUclips. Very, very few other content creators are on her level and in many ways she's in a class of her own, and I'm so glad to have subscribed to her. Thank you for all you do, Queen Munecat!
@@lautaroescarlon7501 I mean as in, a bad-ass woman. She's certainly intelligent, skilled in a variety of ways and brings the comedy every single time and at all the right times. She's awesome, I'm glad she's doing what she does and tells the truth while enlightening her audiences in her own unique style.
@@lautaroescarlon7501 yes, it's a term that originated in the late 80's meaning the best, most awesome, etc. Most notably from the album Bad by Michael Jackson.
34:11 about this part: just because people were scared of technology in the past doesn't mean they shouldn't be scared of *any* technology in the future, especially the things that look like complete scams. Sure, most steps that one takes would be harmless, but don't hesitate to *not* take a step if it leads off a cliff.
And the regulators of the past were right to be scared. In the beginning E-mails were sent unencrypted as plain text. Meaning everyone along the path could read what you sent. Before End-to-End encryption it was a bad idea for lawyers to send sensitive data via E-mail. Then End-to-End encryption became standard and E-mail could be used to send sensitive data.
@@EnbyFranziskaNagel it's just wasn't good enough the tech was new after all and different between crytop is that tech is 15+ years olds and at most they just a investment nothing more plus they run very expansively
As a low tech generation x, i understand just bits of this whole thing, and your video made me feel good in having kept my involvement with this scene to a bare minimum. Now i go back to farming and drumming, my two favourite activities, that require no electricity, let alone internet, to be done and enjoyed. Peace!
I love the contrast between crypto critics making these extremely well thought-out, densely packed, thoroughly researched videos that put the crypto phenomenon into the appropriate historical context, expose the major players behind the scenes, and talk about the many, many predatory tactics involved in hyping up crypto and NFTs, while crypto shills have ... tits, technobabble and memes. Amazing.
@@thelawenforcerhd9654 Given the fact that the cryptocurrency market uses more power than a large European Country, and by that is a huge contributer to global climate change, and it's the development countries who's going to feel the worst impact of this, how is it in any form defendable to advocate for crypto?
@@Gamingpandacat Yeah I'm serious. To find out information you look at data from peer-reviewed academic studies. You don't get information from Charlie Brooker plagiarists on youtube making unsourced and unverifiable claims about how the poor should help themselves by "making more money". Because that is what stupid people do.
I'm hoping we've already seen the peak of Web 3.0 and everyone will come to realize what a speculative scam it is. Congrats to those that got in early and aren't stuck holding the bag.
I don’t think it’ll really ever become mainstream, at least not without some serious changes. They’ve managed to alienate everyone who isn’t either a grifter or a BS “investor”.
@@walkingonneedles visa and Mastercard charge 3-10% fees on credit card processing depending on the type and location of the transaction. This is a common struggle and pinpoint for small and independent business and obviously gets worse as a company scales. Blockchain (not bitcoin) can offer near instantaneous transactions with zero fees. Munecat talks about blockchain as if they're all the same but there are many ecofriendly, egalitarian chains which don't consume huge amounts of energy and don't simply make rich people richer. Also, after the financial crash or 2008, banks seized and sold people's savings, properties, and belongings. With blockchain, it is impossible for financial institutions to unfairly seize and liquidate people's assets. Read your banking agreements, you do not own your money while it is in a bank.
I am amazed, part investigative journalist, tech/economic/legal savvy to everyday speech expert, and common sense guru.. with satirical acting skills.. how did I not see your channel before? The Economist should make you the editor in chief for their tech columns. We sorta knew all these pieces, but you skillfully sewed this Frankenstein together wonderfully.
@Ainapa Murolo So she's what people call a Breadtuber? I'm only halfway through this video and haven't watched any others of her yet, but I'm getting some commie vibes. Still a good video on the bad side of cryptocurrencies so far.
@Ainapa Murolo how so? even if she's taken inspiration here and there in her presentation thats not copying... most of "breadtube" has a similar style of content
on paper, my brother was exactly the kind of person who’d fall into the crypto trap. loved money, midway through a business degree, andrew yang voter, fan of edgy humor, whole nine yards. BUT… crypto mining and NFTs just so happened to kick off right when he started upgrading his gaming PC. suddenly the parts he wanted cost 10x more and were extremely hard to find. i think it took him like 18 months to finally get everything he needed. it made him DEEPLY hate crypto bros. and it’s honestly made him a better person. he used to laugh at Edgy Jokes™️ and complain about tipping - now, he helped a homeless man set up venmo so he could send him money and sent me a video about racists dog whistles in BAYC tokens.
Honestly, fantastic timing, lol. Hate to think what would've happened if he hadn't gotten into pc building right then. I'm happy for your brother, being able to escape that alternate reality where he got sucked into the web 3.0 pipeline!
Thought it would be hard to add much to Folding Ideas' recent epic video on this subject, but this goes some really interesting places and is typically hilarious at the same time. Worth the long wait.
This is a terrible, terrible video and you need to stop praising it. She seemed so interesting in previous videos but she completely ignored all the good work that is being done in the crypto sector. There are cryptos being developed which could do a great deal to end poverty in the third world and allow millions to start businesses or trade or just get a loan at competitive rates. Imagine influencers started attacking the concept of the internet when it started because it was all adult content or scams (which it was), that's how bad this video is.
You already had me laughing and smiling through the vid with the Margot Robbie bathtub bit (love the cat swimsuit, btw, cracked me up; wish there were more fun silly swimsuits like that for men, too) but the over-the-top production even on the transition bits was what got me full on laughing, even through the explanations of a frankly dystopian new world of tech. Wonderfully done, Grandma Münecat, future generations will surely come to thank you in the old folks' home for warning them about the dangers of the now-modern world like Gary "Pop Filters are for the Poor" V. and a fundamentally flawed crypto market
27:40 Glad you addressed this in particular, crypto is a dumpster fire already, but this is one of the more minor aspects that’s still a fundamental flaw. Having hundreds of different cryptocurrencies floating about, and being that easy to just make another one, really should just tell the casual observer immediately that none of these are worth crap. These aren’t different national currencies like in the real world, this is play money that these people want real money for.
“The delusion that salvation from capitalism can be found in new, more clever capitalism is incredibly seductive, and always wrong.” Very true, and also easy to show why that belief is always wrong. Capitalism rewards predatory behavior, so the only thing that could ever have resulted from more clever capitalism is clever people preying on those who don’t know any better.
I don't believe in the dellusion of salvation coming from giving power to the workers either. Socialism failed spetacularly. I think humanity will settle from far-right insanity and also far-left insanity. The future is neofeudalism. Everyone will be incredibly poor in terms of power , except we have all of this technology and incredible production capacity. So it won't be that bad. I don't have hope of salvation, but I can earn a good living by selling my services to the king, whatever is the new king. I'm from warrior class, not worker (aka left), nor clergy (aka right). I couldn't care less about either of them, I only care about my survival.
This reminds me of "capitalist realism" which is the belief that capitalism is the only system which can exist within "natural economic laws" and human nature This all made sense to me for the first time when I heard the quote: "Its easier to imagine the end of the world than the end of capitalism." That quote just rings eerily true in our political world and it's endlessly frustrating.
@@wildfire9280 GlaDOS was a great envision of Rokos Basilisk haha. I'd think it's a net positive, as it bought the idea of powerful ai more into pop culture. :D
I'm a bit surprised that "3d printing" got thrown in with the list of technologies likely to fail, but I will admit that 3d printing is often overhyped. It's awesome to see what it can do (home uses are usually for figurines, but I know it was used for cheap and light 3d casts), but it's easy to forget the limitations. I still have hope for that one, but that's primarily because it's a technology that started with utility (manufacturing cheap parts quickly in an easy to configure way).
3d printing actually has use further up the supply chain. i know an industrial entrepreneur who mostly manufactures things through mass 3d printing for business-to-business sales to other industrial companies.
3D printing can be used in future to develop organs to transplant into people. We're already halfway there, we can 3D print the organ but not with the proper blood vessel network to allow it to connect to your blood circulation. Cool potential medical application though
This is such a savage video haha. You're not holding anything back but its still full of jokes and skits to keep it entertaining. I can't imagine how long this video took to plan, shoot and edit.
This has been so worth the wait. It must have been a nightmare to research, your jokes are landing great and I love the lighting. I also love how the sound quality drops when we're in the past.
One of the very few channels that i genuinely look forward to every video dropping. You're humor is brilliant and the quality of your videos is unmatched.
@@pranavghantasala6808 No, that video is even worse than this one. Andrew is correct. None of these people have a real argument against the innovation of decentralization, its the same talking points that stem from the current state of crypto, ie, brand new and full of issues. All of these people act like this stuff can't be fixed in the future and it's actually moronic.
Having all my suspicions confirmed doesn't exactly bring me any joy, in fact it's kind of depressing. But still, thank you, and I tip my hat to your talent in writing, video editing, songwriting and performing, research, and most importantly, your humor.
This girl has said half true and half false statements. Most nfts and crypto currency are useless, but what she didn't mention is how all asset ownership in the future will be digitized onto a block chain network. Your car, house, contacts, money and more. Research the iso 20022 and start learning how countries and business who don't adopt certain eco-friendly cryptos will fall far behind financially. The IMF and multiple central banks around the world including Canada, England, India, Saudi Arabia and more are already adopting blockchain technology like xrp. This girl doesn't exactly know what she's talking about. Fiat is going away unfortunately.
@@JerryDavis lol when you "see it" on main stream news you're going wish you had prepared. Start googling and learning now. Iso 20022, cbdc, xrpl. Governments, banks and many of the top businesses in the world are setting up to begin using web 3 and block chain technology. I gave you three topics to research. I suggest you start learning about those things before things get incredibly ugly for you and your family.
I miss web1. The good old days of fighting with my parents when they were trying to phone their parents because I just wanted to look at random shit online
@@alicemadness999 I see far more younger folks falling victim to all of this and losing money. There are certainly some predatory millennials driving it, but I see far less victims there and generally less participation except for only the very last few years of the millennial generation.
They didn’t ask for this. Millennials didn’t ask for this. I don’t even think boomers want this, and they’re usually all for fucking over the younger generations. This is all just the realized dreams of Silicon Valley sociopaths who were butthurt that they couldn’t grift off of the housing market pre-2008.
As someone who is aspiring to a future as a technology journalist, this is an extremely important video. These points are mostly ones I'd heard mentioned in several places, but I don't think I've seen something so complete, understandable, and enjoyable to watch that's tackled this subject. Thank you for this. Will definitely share with others. Sorry I missed this when it was a fresher take.
I began by getting hyped for a Munecat video, then getting more hyped for the content And now I'm depressed. 10/10, average munecat experience, good job! Also an excellent job on differentiating yourself from the Dan Olson masterpiece too!
"I began by getting hyped for a Munecat video, then getting more hyped for the content And now I'm depressed." There's the problem, it shouldn't be that depressing. And she literally always is. Sure there are a lot of scams with crypto. But she is SO relentlessly negative about everything she talks about it....at some point you have to say something positive.
“Imagine someone like Britney Spears - instead of selling tickets at a fixed price on a first-come-first-served basis, she auctioned seats for her concerts … This is generally seen in the live music industry as unethical - artists don't want to be seen to be prioritising rich fans over poor fans.” So.. Ticketmaster?
A fool is soon parted with his money. If we would have real money (not fiat but a gold standard or something simillar) those with the money to non stop run to Britney Spears concerts would in most cases not stay rich after some time.
No, Ticketmaster still sells tickets at a fixed price, FCFS. The auction feature is available alongside it but is never the only way to gain a ticket, it's simply there to sell unwanted ones once all have sold out (usually at way more than the initial, affordable ticket was.)
ruclips.net/video/-_Y7uqqEFnY/видео.html John Oliver did a piece on Ticketmaster and how Pop Stars are prioritizing rich fans ... just behind the scenes.
@@222o-u3t except that it's routinely abused by scalpers and in some confirmed cases the artists themselves, who either purchase massive numbers of tickets immediately or in the case of the artists just *reserve a large chunk of the seats themselves* and then sell those tickets on the auction portion of the website for as much as they can get for them. This has been a known issue both by the public and by ticketmaster for a very, very long time and they have no intention of doing anything to stop or even curtail it. This is where you hit the important part of that quote, people in the music industry don't want to be SEEN preferring rich fans over poor fans. All that matters is the perception. If they can sell the tickets for a 1000% markup anonymously? They will do it, every time, at least in a lot of artists' cases.
@@anonymous-0 cool comment. Ever seen V for Vendetta such a cool movie. Bet ya didn’t know it was a comic book. Boy oh boy I wish I was like Guy Fawkes.
Voyager, Celsius, and all the other crypto lending firms that went bankrupt, are not web3. They are just centralized lending firms just like we have always had, except they use crypto. All the decentralized web3 lending platforms like Aave, worked like they were supposed to and nobody went bankrupt. If aave loans went under-collateralized, they were liquidated And the lender got their money. People confuse centralized web2 companies that utilize crypto with the rest of the decentralized web3 world
This video, along with Line Goes Up by Folding Ideas, are some of the most foundationally important texts for understanding the dystopic hellscape capitalism is hurtling towards. It's literally one of the greatest videos ever put on this site.
@@GenesisTheKitty The main reason are the dinosaurs still watching CNN and Fox. I'd say once they go extinct humanity will be in a better place, but now crypto bros are ruining the parts the dinosaurs didn't already.
The Palantir in LOTR was an unreliable corrupted form of communication because the dark lord held one of them and could see through the others. Hmmm they are really honest with naming their company that.
I think they get off on stuff like that. The elite like to tell us what they are doing to us, they just disguise it as "its just a book/episode/stream/movie/lyrics/painting/etc it isn't *literally* real". I may be wrong but the term that comes to mind is predictive programming. But it's just a conspiracy theory, don't worry about it.
Peter Thiel was the dude who read the Similarion and went "f*ck the lame singing trees, Morgoth had the right idea." But with zero satire or irony involved lmao
@@xbabu142x That actually freaks me out because when the evil god/fallen angel Morgoth dies Tolkien's last words are something like "reverberations of his evil will live on in the hearts of those he continues to inspire"
@@joeschmoe3665 Yeah that as my point, just a lot more lighthearted. Great quote though. There is always gonna be some individual who sides with the villain over the hero I guess so its not quite so bleak of a foretelling hopefully, if it makes it any better.
@@xbabu142x Morgoth and Sauron had absolutely nothing to do with the palantiri. They were created by the Elves in Valinor and later gifted to Men, they had no relation to the forces of evil. Later, as the kingdoms of Arnor and Gondor fell into ruin, the seeing stones became lost and Sauron eventually found one, but they originally had zero connection to him or Morgoth. I'm not defending the company or Peter Thiel, but naming a company "Palantir" in and of itself doesn't mean the owner "read the Silmarillion and sided with Morgoth" or some such nonsense because Morgoth had absolutely nothing to do with the creation or use of the palantiri, they were used for thousands of years by the forces of good long before Sauron ever found one.
@@j0j0dartiste21Literally from the summer of 2022 when this video was posted, Bitcoin alone has grown 350% 💀💀 I'm laughing at the experts in the comment section
I just watched the Line Goes Up video and it went into the Axie setup. It's disgusting. Basically, the players are just minimum wage workers who make money for bosses who take a large profit thanks to the sheer bulk of the amount of "scholars" under the rent relationship.
FUCK YEA LATE STATE CAPITALISM . I mean in the eyes of ppl running this shit. It's all fair cause if these ppl did not want to be exploited then why did they sign up? HMMMM?
rich getting richer over the back of the poor huh ? well that's how the world has been working for a long time. at least this gives the actual poor people who make less than 10 dollars a day some money to buy food in 3rd world countries.
@@tugrulserhat you do know the money only existed so long as more people brought in right? Which is why Axie currently outputs so little money that its popularity is nosediving
@@deeznoots6241 I do. And as you can see, I don't claim that it's good now. But for 3rd world countries that the fiat currency lost value quickly, it was a way to earn some money for young people that had no job because of the shit economy. Including my country. I didn't do it myself personally but people around me did and converted to USD immediately which was the way to go as we see it now.
Did Peter Thiel intentionally call his company Palantir because it's one of the ancient Numenorean seeing stones that Saruman used to communicate with the Dark Lord Sauron? Pretty fascinating that all of these people who envision a "Utopia" regularly use dystopian fictional terms - kind of like Zuck and "Metaverse" - ripped straight from the dystopian satire of late capitalism, Snow Crash
Probably. Given that one of their contracts is for the Intelligence Community(the guys in the US that spy on other countries) it would make sense to me.
They definitely named it that on purpose I remember it being an SV joke to tie into their mission statement early on and the whole thing is just ... Gross.
@Brian Emmett people have basically zero understanding of what Palantir does. This girl especially. She could not miss the mark more on what she believes Palantir business model is.
This was art! You brought up so many great points that other videos haven't talked much about, like the timing of the Beeple sell & the crackdown on art markets. Amazing job, especially the music!
*PREDICTION:* the moment Web 3.0 is on the verge of going mainstream we're going to see the "Dot ETH" bubble pop where 99% of altcoins, NFTs, whale-owned metaverses, P2E games, and DAOs become worthless and abandoned. I can imagine some of the top cryptos like Bitcoin and Ethereum will still exist after the dust settles as "blockchain commodities" and Web 3.0 will be no better or worse than "Web1" and "Web2" comprised of mega internet commerce platforms that happen to integrate blockchain in their accounting systems.
Liberterians building a city in the middle of the ocean to escape government regulation is literally the plot of Bioshock LOL
let them, we don't need their scamming asses over here
@FilthyDankWastemanFabuless I'm an american gamer who hates american libertarianism
Kind of the other way around in terms of inspiration, I think. Since Bioshock's a rebuke of Atlas Shrugged and all that.
can you name one argument why a goverment should have the right to prevent this?
@@akademiker23 Should have the right to stop libertarian weirdos from starting pedo-islands? I can think of a million arguments for it
"those of you who don't have back problems might not remember web 1..."
Ouch...that hurts. Mostly in the lower back region, if I'm being honest.
Also my back is about the only bit that still works....
Guys... my spine... 👴
My back doesn't hurt from that, but I've also been trying to consciously sit with a straight spine and stand up to stretch so ;;>.>
I remember seeing web 1, but not using it. A child watching my uncles have LAN parties, not understanding enough to participate.
My spine is still fine. But the slight and occasional ache is like thunder in the horizon, slowly approaching.
I don’t know loads about Gary Vee but what I do know doesn’t make me think “yeah, I need to check out this guy’s seafood restaurant”.
you don't wanna smell the sigma sushi farts?
@ I’d buy this comment as an nft
5555
dunno, fishy is what I'm looking for in a seafood restaurant!
@ Gary V is an omega. He exists to be clowned on.
"thats me, Christopher, a crypto degen with a crush for crypto kitties" is a line that makes me want to keep him 50m away from any school or park
Are we even sure it's "kitties?" Are "crypto kitties" a thing? I know it said "kitties" in the captions, but I assume those were autogenerated.
@@BubbaHoggitIt looks to me like the captions are written out, but I'm not sure how to confirm that
@@BubbaHoggit - Yeah, they were a thing for a bit. In fact, they were all the rage back in late 2017 and early 2018. For the curious, it was a game in the same sense "Crypto Zoo" was a game. People would buy, sell, trade, and breed kitties in order to create rarer and more "valuable" kitties to sell to a greater fool.
I don't know how they wrote "crush for crypto kitties" without anything in any of their brains pinging "MAYBE THAT SOUNDS LIKE A EUPHEMISM"
we re so doomed
I know logically that you must have taken breaks, but the sheer feeling of pure, unadulterated rage and contempt nonstop for over an hour and a half is honestly impressive. Subscribed.
The cuts are numerous and often.
She does do this for like 8-9 hours on stream sometimes
Hilarious how she consistently defends the Federal Reserve. You know their whole strategy is to pump the stock and bond market full of printed money, making the holders of those assets extremely wealthy at the expense of everyone else? You know what goes DOWN during this process? Your wages!
This was just a smug 90 minute defense of the status quo.
not just breaks, she even took a bath lol
@@snarklar A hot, smart British girl yells about stuff for hours on end?!?! I'm sold!
As an old person I've got to say that videos like this give me hope because the person who made it reflects the best of today's youth and they are our future. Genuinely a tour de force production.
For sure! I'm someone who's right around her same age, and she gives me hope for the future, too! 😄 I may have 30+ more years here in this twilight zone of a country, & I'm grateful to have someone like Munecat spreading sanity, logic, and truth to some of those I'm stuck here with!
@@Neyagrl unfortunately many of the good progressive thoughts are pushed back by ignorance, fear and mob mentalities. I certainly don't wish to instill a sense of hopelessness in your generations, but I don't think these issues will be ones that will be resolved in one generation. But we should still be grateful that some people have the decency of not falling for such tricks and make actual changes that improve life for more and more members of our world.
@@lerui2820 Just because you're moving forward (ie, being progressive) it doesn't mean you're going in the right direction. "Progressives" themselves tend to operate by a mob mentality that would make the Mafia blush.
@@KingFluffs I'm pretty sure you wouldn't want to go backwards, but sure??
@@lerui2820 My point was, chasing progress in and of itself without any overhead or long term goal is more of a pointless expendeture of resources than some grand leap forward into a utopian better world.
Humanity is astonishingly good at coming up with ways to kill itself
I try to just shut it out of my mind that the probability that we’ll eventually succeed at some point soon is high
And unnecessarily, we can just let climate change do its job, why put more work on it?
RIP environment if crypto gets big
To die is our destiny.
yes but we're also nasty piglets. Which are hard to kill off lolz. But mannn we sure are working hard on it aren't we?
your access to vocabulary, and innate ability to present information with such a sharp sense of humor, is incredible! thank you for all the work you put into this. big fan!
Access to vocabulary? That sounds like something written by AI. 😂. IT'S JUST KIND OF FUNNY THAT YOU'RE COMPLIMENTING HER ON HER VOCABULARY WHILE YOU ARE NOT USING PROPER GRAMMAR. LOL
It did occur to me that anyone shilling for metaverse have never played or ever been in second life or VR chat. 5% people talking 5% fetish porn and 90% trolling and fucking around
Oh come on, like the Lindens were running that intelligently. Just because one project failed doesn't mean the core idea is bad.
Hahahaha "Tech neo feudalism" mf call that Shit Mirandus lmfao shout out GalaGames
@@thelawenforcerhd9654 Hey man stop wasting your trying to convince these people trust me it's not worth it. P2e is revelutionary and we both fucking know it, they will get left behind so just be patient and all take all their fucking money in like 4 years 😂😂
@@michaelhiggins2823 You're really not helping your case here talking down to the people who already think you're an out of touch entitled scammer.
I'm sure this hasn't turned into your whole damn personality or anything 😂😂
@@kristopherwatts9466 Not trying to convince people honestly this is just one big ego trip filled with gratitude. I am so grateful because I realized how ignorant peeps are still are about general Blockchain concepts and how they relate to actual real world use cases.
And I'm a be real wichu man I live rural, ain't got shit to do but smoke dank (20%) and degen gamble my life savings (other 80% of my personality) and do some research and follow people a looot smarter than me.
"everyone in the discord is a bot or showing signs of extreme cognitive impairment so that's a great sign"
God, I love this woman
She's literally a NPC grifting bot reading scripts written by others about things she has no clue about, and also defends totalitarian CBCDs.
Breadtube is paid to shill for clowns like NeoconDems & other govt insiders
Sign me up for QueefCoin ... I'll stick my SausageCoins in my Queef Wallet ...
yes
...and she didn't even exaggerate - it's an accurate depiction of that discord XD
Most people are aware of the idea of a "Turing Test," where a computer can convince someone it's an actual human. There is also a "Reverse Turing Test:" can you tell the difference between some garbage churned out by an algorithm and some garbage churned out by a human that just really doesn't care?
"The only real scarcity at play here is attention"
Just commenting this here so I can remember but that's a fucking great line.
Everything she says is "fucking great" ... 3 months she took to make a single video, and it's 100 minutes of sheer brilliance. My only regret is that she didn't take 6 months to release a 200 minute video!
remember
true but because attention is now a resource to be harvested it's scarcity makes it valuable. Your most valuable resource is time and everything/one on the internet harvests it. V harvests it for money and power but the con is that this uploader mune does also. It's just a different type of con. She just sells you a different story.
@@thecolumbopause4961 now let's have that pseudo-intellectual crap in English please.
Perhaps, "'Patience' is a virtue - a finite virtue ... Like the sands in an hour glass, these are the days of our lives, our patience running through the centre to the bottom, grain by grain. Are we being conned by Munecat?
Has she fooled us all into thinking we were watching a beautiful lady change the world with a 2 hour masterpiece?
Or perhaps - if I may be so bold - she is a mirage ... in fact, she is merely a beautiful illusion - a Venus - a Goddess in a bathtub! ... her hands splooshing the water in frustration - an act that can cause a butterfly in China to crash into a signpost and die.
Was it Shakespeare?, or maybe Carl Sagan - actually, probably Richard Dawkins who said:
"I am what I am. Because otherwise I might think that I am, when I am not."
Sage words that have already stood the test of time (about 40 minutes! - I'm really proud of that one :))
Pseudo-intellectual crap!
One person who is not a pseudo-intellectual is the lady in the video.
She has made one of the greatest RUclips videos of all time.
A complete dismissal of crypto currency and NFTs and the Gold Standard and Adolf Hitler, in less than 2 hours.
Absolutely amazing!
That is so true. When enough people say "look at this problem" were blinded from other problems... there isnt enough attention to solve the popular problems so major problems could slip by unnoticed
The absolute passion in this video and the unabashed disdain for Web3.0 and everything related to it is genuinely inspirational and I adore it
I once met a silicon valley guy who genuinely thought web3 would solve all the problems in the world. Except we already have solutions for all of that but refuse to implement them...it's not a tech or innovation problem, it's always a policy problem
@@anonymous-0 you can do all most of this with a typical bank account, and anything that doesn't fit is completely useless. And it can be done without destroying the planet as much.
@@anonymous-0 and current banks are realistically much safer than crypto, with there being tfa and other things. It's not just a password holding your savings.
@@axos3130 You realize the introduction of crypto could do nothing to stop 'the gubmint' spying on you.
@@axos3130 😐
@@axos3130 You really thought you did something there. Crypto isn't a solution to anything other than scamming prospects and selling drugs.
No only that, but crypto isn't even fully anonymous 😭😭😭
As a professional software engineer with nearly a decade of experience... thank you.
This really hammers home what I've been trying to explain IRL for years, that the problems with the tech are fundamental, and that it crashing is the best case scenario - since "success" likely results in the kind of nightmare dystopia I used to think couldn't ever happen outside of cyberpunk novels.
And even in the event of a crash, well... as you say, a lot of these people have already been conditioned to be angry at the wrong targets in the first place.
feels like part of the problem is that a whole bunch of tech bros read those books as aspirational utopian examples in their formative years during the 90's.
Im curious if the whole "end of history" idea stripped regular culture of a shared collective narrative in which we could achieve a better world, and cyberpunk was one of the few places were anything along those lines were expressed.
I can see uses for... domain specific blockchains, NFTs, etc. Anti cheat in online games with their own "private" blockchains for example. Unfortunately the mentality around the tech will never let that happen in the way I see it.
@@MechanicaMenace Anyone who says this is either a tech surface knowledge enjoyer (i.e. people that can't see the difference between practical and theoretical science 99% of the time), or is financially involved in crypto.
Either way, you're on the left-tail end of the distribution, and I'm not sure if there's salvation for you.
@@nisbahmumtaz909I'm neither. And I think you misunderstood me. I didn't mean in anyway tied to real money or facilitating out of game trades for in game resources for real money. Now if all the servers for a game are run by the publisher this would be useless but for something with an ecosystem more like Minecraft it could be useful to at least track resources which were... cheated into the game
This… 1000% from a fellow software engineer of some 25 years experience. But hey perhaps I’m just a boomer
General rule of thumb. If a thing works and has great benefits for society, you don't need to promote it in it's "early days" because the bandwagon effect that creates once it's out, will make it promote itself. Over-promotion means that you are selling the hype, not the actual product, because you know it stinks
Yes, with a grain of salt, most revolutionary ideas sell themselves. Cypto is a scam.
Aka, all the Disney live action adaptations.
@@tootzy-the-roll ...no no, you're right.
NFTs and the related paraphernalia are like the masculine version of MLM grifts. It’s insane. The community around it is so aggressive, delusional and toxic.
Crypto is MLM for men in the same way that the alpha/beta/sigma junk is astrology for men.
Yeah it’s like “Wall Street bets”.
@@Apoc2KI’d say the whole “alpha male” thing is a lot less popular and a lot more harmful than astrology lol. At least astrology doesn’t have you talking about a woman’s “fertility” (in a non medical context).
@@Apoc2K except you can be into astrology and not be a terrible person, the same does not apply to alpha/beta/ligma guys
@@6Shots_ofEspressoI would say anyone who is into astrology to the same level as people are into that shit would be a terrible person.
50:50 imagine doing a crime then
1: not destroying the evidence, and
2: leaving the evidence helpfully itemized and labeled accurately for the police to find
If you don't have the means to hard fork it out. But regardless, to me nothing is more dystopic then having absolutely catalogued and at the leisure of the state...
Video game/TV crime drama moment
Her consistent disdain for the rich and hypercapitalism is like a salve for the pure disgust I've felt for crypto and NFTs since I accidentally fell down a youtube rabbit hole.
Be sure to pay her Patreon and buy her merch to keep that disdain going my little Che.
@@krmunoz2169 this reminds me of that meme where one guy says that society needs to be improved somewhat, and someone else dismisses that comment because the first guy participates in that society lmfao
@@blankii333 you hate capitalism yet participate in capitalism in order to earn money to literally buy food and shelter to survive? wow what a hypocrite
you hate slavery yet you're a slave? wow what hypocrisy
need I go on
@@blankii333 you claim to hate society yet you live in one
@@blankii333 One of my favourite memes. People who do that think they're so smart and it's hilarious
24:03 funny you mention, a lot of small underground artists from all genres were briefly under a plague of NFT Music websites stealing our music. Like legitimately just illegally downloading the songs, and then selling them on their website. Thankfully we all dmca’d them out of business, Rip in Piss Hitpiece
“Rest in Piss” is wonderful
Rest in piss forever miss.
All the art communities got similar treatment, but unfortunately for digital paintings its harder to hold the thieves accountable. Got to the point where one guy illegally minted NFTs of a dead woman's art.
rewatching after twitter removes NFT pfps, delicious
oh ho? Daddy Elon has removed the funny "Line go up" peoples profile pictures?!
HA! I find that extremely hilarious.
I'm a fairly recent graduate in Computer Science and got my first software development job in 2020. The job was a small startup that had nothing to do with the crypto space, but toward the end of 2021 after the whole NFT blowup they suddenly decided that they needed to incorporate crypto and make their own coin which was hogwild to me because it felt so far out of left field for what we were making. When I started looking for a new job, at least 15 of the other local tech startups I reached out to were planning on minting their own coins and selling NFTs, even though their main products were not crypto-relevent. It was just insane.
I love how future NFT Ideas/campains (there is to many thing I feel like I can call the bs) that you could use a gun you unlock in Fortnight for example and then use it in another NFT based game lets say world of warfare, its so obvious this kind of stuff is targeted towards people that don't really know how things work and there is many examples of this in what I can see
Gotta get that coin
@@TomNook. oh no its tom hide the coins
@@link7417 Yeah if you know ANYTHING about game design, you would know two simple facts that expose the entire thing as a scam:
1) It is NOT a new phenomenon. Team Fortress 2 has been doing it for literally over a decade
2) Taking your NFTs from one game to another isn't just drag and drop. If the new game doesn't have the item programmed into it ahead of time, you're S.O.L.
@@TARINunit9 exactly and then even if one theoretically could program in every NFT weapon/Item(whatever) in to the game and I do say that theoretically, you would have so much legal leg work to do to get the rights for the models and textures and I would assume the creator of the NFT item would want some kind of compensation for letting you use it, what I mean to say is that its a legal nightmare to deal whit even if one over looks the technical problems whit it
I always put my crime tools in a bag that says “crime tools” so I don’t forget
You should label your safe house “the crime house”. They’ll never decipher a thing!
33:57 - the irony here is that the regulators were 100% right. From an information security perspective, when email was first introduced, anyone, absolutely anyone on the network path between the computers could read what was in that email. While nowadays, thanks to HTTPS, communication is encrypted, back then it was not.
Might as well put whatever confidential information there was on a piece of cardboard and walk through the city holding it above your head. Using the introduction of email here is actually amazingly fitting, but likely not in the way Mr. Brooks intended it.
by the way, stellar video on all counts.
I had the same thought, that Brooks was using the great progress made in improving security to claim that it was ALWAYS silly to say it wasn't safe.
I can assure you i had A LOT of fun with MITM on public wifi hotspots in places like mcdonald's or school. watching people react to screamer shock sites was the beeessst!! simpler funnier times
@@kvdrr those were the days
Also, they were right about banking software. It is shockingly bad. And a lot of the technology that is still used is comically obsolete. There is a real chance you have some financial transactions made today that are written to reel-to-reel tape and physically transferred through mail by the post office, processed by software that was last touched in 1999 to address the Y2K bug.
@@gilbes1139 financial software is both fascinating and scary. If you're in the US, I recommend you watch that DEFCON talk called "your bank's digital side entrance", about online banking, the server software behind it and the interface it offers for home banking software. It's fascinating, if also rather scary, and it has a segment about how the industry making this software (and selling it to smaller banks and credit unions in particular) came to be.
Why didn't this go viral? It's some of the best content I've seen on RUclips in the last 10 years.
bro most stuff she said looks good from the outside. the more you are involved with the things she is talking about you, the more you understand that she has no idea. to be fair some part are good.
@@yungjulius By all means then, professor. We are waiting on your in depth response video outlining in thorough detail backed up with hard evidence and immutable constants.
@@yungjulius She said, you said. Alan please add details.
@@JustSomeDinosaurPersonthe main point is that she doesn't understand mathematics of blockchain, BUT she do understand maint point for same people who don't understand blockchain - they will be scammed in 99% 😅
It's got 2.4 million views. Sure it's not Mr. Beast views, but that's because it's not Mr. Beast content.
As a former bank fraud analyst, I have come to believe that the people who are most vulnerable to a con artist are those who want desperately to be smarter than they really are. They can even be pretty darn smart, but if they are not comfortable with whatever their level of knowledge, intelligence, and critical thinking skill may be and with the fact there are people at higher levels, then they will be desperate to believe anyone who makes them feel like the smartest person in the room because of some kind of inside knowledge. I had somebody yesterday trying to tell me on social media that, for example, Walmart is owned by China. I was skeptical, because that didn't match what I had heard, but I couldn't claim to know right off the top of my head. I asked for their sources. When I looked up the 18-year-old article they named, it turned out to say nothing of the kind, just that Walmart was (18 years ago) leading the way in filling its shelves with Chinese-manufactured products, which is now true at almost any retail store in the United States. I then found a current Investopedia article that broke down the top shareholders in Walmart, and showed that when you combine both personal holdings and shares owned through their legal entities, the Walton family, heirs to the store's founder, still own the majority of the shares (a slim majority, but still, that's a controlling interest). Of course, the person had no answer to actual facts. They slinked (slunk?) off without replying, I'm sure still wanting to think they had special knowledge the rest of us didn't, and refusing to learn from any data that might contradict it. To me, the crypto bros come across as the same kind of people.
Completely spot on
It is very freeing to realize that you are fundamentally dumb in most subjects. I realized a while ago that no matter what I do I will always be fundamentally dumb when it comes to most things, this has made my life easier and lifted so much stress from me. I do not relinquish my responsibility to think things through but it does let me listen to advice without the need to prove how smart I am. Always use critical thinking to approach things you don’t know or understand and in 99.99999999% of cases inside information that is not backed up by hard data is a bad thing to base decisions on.
Lmao 😂 schizos BTFO
Interesting analysis, I agree with your conclusions. The death of critical thinking and consequent loss of fact checking as a mindset seems to be at the root of so much of the rise of misinformation, which I think is another factor.
As someone who has used crypto to buy stuff I do see the usefulness of crypto, but I do also understand the drawbacks of crypto.
I think the thing that annoys me the most is how Crytobros will see someone having legit questions and concerns and act like they were just told their whole family is inbred. the way they just scramble to write you off as a detractor or from a competing blockchain so they can pretend to justify not answering your question should be a huge red flag for everyone else involved, but they somehow don't see it.
As someone who’s invested in crypto I totally agree and It’s ridiculous. I think this is a more general problem with our (US) culture which has become extremely polarized. So frustrating not being able to have a genuine discussion where you’re able to explore an issue and develop an opinion without it becoming a ideological brawl.
Cognitive dissonance, it really is as simple as that. It is not comfortable being wrong, so yeah. No matter the information, they make it so they are right. Because who can deal with being wrong about something...*eyeroll*
"I think the thing that annoys me the most is how Crytobros will see someone having legit questions and concerns and act like they were just told their whole family is inbred" What is a "cryptobro"? Most people I know who have invested in cryptocurrency are extremely sceptical and have a nuanced view of the subject despite risking money. Are you including all crypto investors in your imaginary stereotype?-because if you are you kind of deserve to be told where to go.
@@archvaldor Obviously, when I say "cryptobro" I'm referring to the people who perpetuate that toxic positivity.
@@archvaldor Most people I know that have invested in crypto either don't know shit about how investing or currency actually works, or are speculators just trying to stay ahead of the crowd's money. Neither is a good sign long term.
I really have to thank you and Folding Ideas' 'Line Goes Up' for your videos breaking down NFTs, as I was seriously considering minting some. I had no idea that it was some insane awkward fad that was tied to an already sketchy alt-coin business as its structural foundation.
These two are the unsung heroes
I am glad you educated yourself in time, even though it came indirectly to you.
If you don't mind me asking: what even got you interested in the first place? Why "mint" anything?
@@LaggyLuke not OP but i know for a lot of people its enticing because hypothetically you don't need to do much. Yes, usually you need to pay money to mint, but once you mind all you have to do is slap a pricetag on it and hope somoeone wants to buy it.
Its a simular-ish idea to stocks. its a thing you can buy, and if you wait for the right time, as a casual buyer you can sell your stocks and make money. stocks are more complicated than that but again the whole "Spend now, do nothing, get money" idea can feel nice.
there are obvious problems with both of those ideas, but at least that's one reason why this kind of thing can interest someone if they don't know a lot about it. one obvious downside is that most NFTs are not bought, but if you are just getting into it you might not know that.
@@GwyndolinOwO The problem is that people think of NFTs like stocks, and they're not. They're more like tulips - but ugly.
56:06: Something about a rich Libertarian wearing rare pokemon cards in his hat, *pokemon-side-in* so nobody can even _see_ that it's a rare one, is just so _absurd._ I love how dumb it is.
I can't wait to get to this part of the video
money talks; wealth whispers
@@Sophie-uq1cg Then why wear the Pokemon card in his hat at all?
it would be hilarious if it was just something like a normal, ordinary rattata or pidgey. The least possible value.
You may think you're the strongest trainer ever, but first you must defeat my super awesome ratattatatatata... tata.@@CraftingGummi
You forgot the best part of the Business Plot: it was foiled by the man they tried to hire to lead their private army, one of the most decorated Marines to ever live and super star War hero/politician, Smedley "Old Gimlet Eye" Butler.
Because they didn't imagine that a guy who climbed from Private to Head of a Marine Expeditionary Unit, just before writing a literal book about how much he hated being a hired thug for corporations, might not be so on board for a rich boy coup.
Dude's were literally so used to being able to bribe anyone, they thought they could just pay a guy who hated the rich enough to betray the country he got all them medals from.
Smedley Butler was a national treasure.
@@DrVice1
He was asked to be Lincolns VP and turned it down. Real historical hinge point right there.
Edit: SHIT.
Wrong Butler. I was thinking of Bejamin F Butler.
Such integrity is rare
he hated the medals too
@@TheRealSykx in particular he tried to refuse one of his two Medals of Honor because he didn't feel he earned it. And he was right, they were one of the B.S. ones done to legitimize the Banana Wars.
Münecat, I must say, as someone who works in finance (specifically the money and interbank markets), your explanations of the monetary and financial aspects of crypto were on point and above what I'm used to hearing from most finance youtubers. I don't know what your background is, but I can tell you did your homework.
Would you happen to know much one interbank clearance costs?
Tradition finances last I heard loves crypto. I guess uber should take advice from taxi drivers to? It's a direct t threat to your system and way of life as u know it. Of course u won't support it haha
She is just a smart cookie
@@chronicxswagger I hear what you say, but I think you didn't watch the video, which makes good arguments as to why crypto likely won't replace traditional finance. I really suggest you watch it because she says it better than I ever will in a youtube comment thread.
If I were to add something to what she said, it's that I think traditional finance is threatened to a far greater extent by big tech than crypto.
Leftists understand economics much better than economists assume, it's a critical feature of marxism
As a pc build enthusiast, I will forever viscerally hate NFTs for what they've done to the graphics cards market.
And as an environmentalist, I will add to that hate even more for that carbon footprint.
Needless to say, it felt great seeing someone with as much rage towards them as I have.
Billionaire nobody has ever heard of: Hey NVIDIA, I’d like to buy 3,000 RTX 9090Ti’s so I can mine $0.03 of dogecoin a day.
Gamers: Please sir, I just want to play Minecraft at 30fps-
It didn't crash enough yet? Aw man 🥲
@Leeloo
Same. Even my mid range card (RX-580) went up like 500% in price during the crypto craze. Glad I bought it before the pandemic even began.
@@fluttzkrieg4392 i knew someone who was just trying to build their own PC, not for gaming or crypto stuff specifically. she had to wait years for some of the parts to become both in stock and affordable.
same here bro. i really enjoy rigging out my computer, it’s a fun little side hobby i have. only issue is, i can’t even touch anything in there for the next fucking decade because of what crypto has done. i love staying on top of my tech, but i can’t even do that anymore man😭
I'm 7 minutes in, and I really like the style of the video. I don't know why it was recommended to me, but I definitely enjoy it so far!
Edit after fully watching: great video. You obviously put a lot of work into research but also production. A video this length that doesn't get boring is not easy, but you managed to do it. Great job. I also really enjoyed the singing, I did not expect that going into the video.
I worked in a cryptocurrency firm for a few months. Despite the fact that it paid well, and I basically got to be by myself most of the time (I did 12-hour shifts on Sundays, because I was desperate for income at the time) - I hated it.
It always felt off. If was as if I was doing something wrong... i knew that the coins had no value. The hype was so strong... until the crash, and things got desperate. When the company lost money, I was stoked!
I got fired, eventually, because someone used an old lady to con $30k out of the company, via a fraudulent transaction. And I was (i guess) partially responsible for that, because I didn't really question the fact that an old lady was buying crypto - despite the fact that I was the second person in line to sort the transaction, and why should I have to question that? Why shouldn't an old lady buy crypto?
There's no doubt that the company probably made a lot of money from the 6 months I was there - potentially, hundreds of thousands in profits, if not more - and it makes my blood boil. So many average users lost money, either because they bought at the peak, or because the company I worked with wouldn't buy back the crypto that they sold.
Oh yeah - what was worse, is that they wouldn't accept coin sales until prices went back up. Class act, for sure.
Oh - but do you think that the company kept their gains in crypto? Or did they pull them into USD?
What's your guess?
Of course they converted those gains to fiat, because they're hypocrites. They'd brag about the bag they were spending. It was disgusting.
Watching this video has reminded me that the whole situation is stupid. So little of what was discussed and promised by all these shillcoins actually ended up being delivered.
I ended up investing in traditional stocks, and have never looked back. And because of this, hey, it stays at a similar value, which is awesome. I have money, if I needed.
Buying an NFT is counter to common sense, when it comes to investments. It relies on people being interested in it. It has no other value, is destroying our global climate, and it is predominantly and indirectly marketed by con artists and scams.
It's a ruse, and it can die in a fire.
What would you consider traditional stocks?
@@NawidN Shares of publicly traded companies, purchased in USD. I would guess
Lmao
Just my opinion but, you should take full 100% accountability for contributing to shitcoin (aka as scams with no utility) and not use this anecdotal experience as a realistic representation of all the hair on fire problems being actively invovated and developed for a incomprehensible amount of use cases.
@@michaelhiggins2823 Can you say this in a way idiots like me could understand?
God... I absolutely ADORE your little mini-song interstitials... they're SO... FREAKING... GOOD... you are so damn talented.
...unfortunately... the content is fucking depressing. Dan Olsen's video was illuminating. This is a damn good companion piece that expands and goes further. As much of a horror show the reality of it is, I'm glad we've got people like you going to the trouble and effort of doing the legwork and research to inform folks. Thank you, genuinely, sincerely, thank you. This had to be SO. MUCH. WORK.
Without Dan Olson's video, I wouldn't have been able to make sense out of this one, but this one names names and kicks asses. This stuff is radiotoxic.
@@joenuts6533 oh no... my only weakness... a toothless insult! I am vanquished!
@@joenuts6533 Let us know when you make it to the moon.
@@joenuts6533 how does it feel to be the first human being to survive a brain removal?
@@joenuts6533 1993 called. They want that joke back.
I saw münecat at a grocery store in the metaverse yesterday. I told her how cool it was to meet her in person, but I didn’t want to be a douche and bother her and ask him for photos or anything. She said, “Oh, like you’re doing now?” I was taken aback, and all I could say was “Huh?” but she kept cutting me off and going “huh? huh? huh?” and closing her hand shut in front of my face. I walked away and continued with my shopping, and I heard her chuckle as I walked off.
When I came to pay for my stuff up front I saw her trying to walk out the doors with like fifteen apes in her hands without paying. The girl at the counter was very nice about it and professional, and was like “Ma’am, you need to pay for those first.” At first she kept pretending to be tired and not hear her, but eventually turned back around and brought them to the counter.
When the cashier took one of the bars and started scanning it multiple times, she stopped her and told her to scan them each individually “to prevent any electrical infetterence,” and then turned around and winked at me. I don’t even think that’s a word. After the cashier scanned each bar and put them in a bag and started to say the price, she kept interrupting her by yawning really loudly.
big if true
In a grocery store in the metaverse? So, not in real life? I’m confused. Also, what are the apes you spoke of?
@@tnijoo5109 all my apes gone ☹️
@@tnijoo5109 it is a joke. Completely made up.
@@daniepants5041 thank you. I really couldn’t tell. Thanks
I will never be able to forget the libertarian town that found itself with a massive bear problem as a consequence of their libertarian policies.
The what?
@@marshall1093 There was a project in Grafton, New Hampshire to create a libertarian haven. But because of their practices, they had a bear problem.
Laws and policies about trash and trash collections basically didn't exist leading to bears entering the town and eating the trash. Some residents may have even explicitly fed the bears too.
When trying to create policies to curtail the growing bear population in the town the residents weren't willing to agree to enforced practices or even to voluntarily collaborate to stop attracting bears. (
'Bear-proof' trash bins exist).
It's an interesting topic, highly recommend looking it up! You might want to use the term 'Free Town Project' as well.
6:41 "Fudge this"
26:08 "My baby" Idk
41:22 "Crypto PR"
1:06:38 "Writing this script caused me physical pain"
1:33:39 "HODL til it hits the floor"
1:38:30 "My Man's a Hexagon"
I'm just saving these for me, I like them
My man's Hexagon
He is not a Hexagon, it is his profile picture
@@Jartran72 r/woooosh
Amazing
@@glitchyyt7482How can I put this in a way you'll understand? r/lostredditors? idk wooosh is dead and you reddit people killed it hard
@@makeitthrough_ oh no i r/'d
this is a cringe moment right here
i wanna say /srs but then it looks stupid but it's not stupid
Dropping this on Saturday at noon ET was a pretty cool thing to do. Gives me something to work through the Friday night hangover to
HA! You need to POISON yourself to have fun?! Tsk tsk. All I need to do on Friday nights is read richard Dawkins and become euphoric on my own INTELLIGENCE.
@@QuantumTelephone well not all of us can be sigma Chads
NÜNECAT
@@derdurstbursch that is incredibly funny.
@@aj7058 yes i can't even fathom it myself
The thing about "play to earn" games is you can't actually play to earn. If you play the game to have fun, you'll be losing money. The only way to actually earn anything is to do tedious grinding and all sorts of actual work. They are miserable experiences most gamers hate.
but people are already doing this at WoW & Runescape. The difference would be they don't have to worry about breaking ToS and losing fruits of their labor
@@LiteLiger Yes, people are already gold farming in Wow and Runescape, and it is completely miserable. Also ask Diablo players what happens when a game encourages people to grind and sell loot rather than ban it in the TOS. Ask them how much better Diablo 3 got when the auction house was removed.
NFT games are shitty games by design. They will always be worse than normal games.
@@modelmajorpita So its better than Jagex keeps banning venezuelan Runescape farmers and let them starve instead?
@@LiteLiger Believe it or not there are options other than people starving or a shitty pyramid scheme put into a barely functional video game.
@@modelmajorpita Well its not really your position tell people what they prefer to do.
Hey, just a very small correction: you're actually talking about Web3 and not Web 3.0. Web 3.0 is actually a term that existed long before the idea of Web3 came along. It's is (or was, since it will never actually manifest in this way I believe) a vision of the future of the World Wide Web after the current phase (known as Web 2.0., which revolutionized interactivity of content available on the WWW). It was originally coined by Time Bernes-Lee, one of the original creators of the WWW. Web 3.0 is commonly referred to as "The Semantic Web". The idea of Web 3.0 was to attach more semantic meaning via tags/metadata to data discoverable through the web (through expansion of the existing web standards), thereby making data more "machine readable" and "machine discoverable". It's actually not that complex an idea, but right now it has not really been adopted on a large scale.
All this just to avoid the confusion arising from seeing the terms "Web 3.0" and "Web3" next to each other. They're two completely different things.
This isn't the first time the cryptocurrency industry has astroturfed previously existing terminology. If you would have said "crypto" to someone five years ago, it would have meant "cryptography", as it has for the past decades. If you do this today, almost everyone understands this to mean "cryptocurrency and related technology". It's really, really odd.
a very small correction:
essay
Well that’s not confusing
@@djordje123kingimagine actually wanting to understand things! Or just…scrolling past the fucking comment 😂
@@Epic-so3ek sorry, we can't all have >100 iq, my brain is too smooth
Actual small correction: Tim Berners-Lee
Although his name is almost as old as Time...
"It is 2027...welcome to a world of endless shilling and scamming. Everyone not in your inner circle is fair game, everyone inside of it is also fair game. There is only one rule; obtain advantage at all cost, don't let yourself be limited by ethics or morality. Embrace your inner vulture."
This quote is sick but I feel bad for vultures tbh. They get such a bad rap, when really they're like the only carnivores that don't harm other animals.
@@freya1348 In some areas of the world they are a cornerstone animal
@@freya1348 Aye, carrion eaters are looked at as worse than predators even though they're pacifist carnivores.
Also fun fact, most carnivores aren't truly meat eaters, they're _blood eaters_ with an extra step.
ok? aaaaand? If you don't want to live like that, don't. Find a group of people with similar values to you. If you can't find that group, you are literally the only person with that opinion, so why should your opinion on reality dictate society? Don't get me wrong cryptobros are fuckin idiots but, guess what, many many many people think that, so if you want to be surrounded by people who agree with you, you aren't limited with options!
You just described government.
On the subject of Play to earn NFT's: They're using this as a way to get around gambling laws because as long as you have an element of skill involved, no matter how small, it isn't considered gambling. The same way mobile games can sell "pulls" because you have to do something small in the game to cash them in. They're literally creating an NFT casino XD
"gambling laws" how much time will legislators feint ignorance ?
Like how some countries require you to solve a simple msth problem to get a lottery ticket
Awful just awful
Video game microtransactions are basically proto-NFTs. They were ahead of their time when it comes to shady practices and covert gambling targeted towards children.
Not really though. Instead it's mostly a way to sell shovelware for over 1000 dollars.
This hate for cripto warms my heart and sustains my hope for humanity.
Stupid never dies, it just multiplys. Never trust a social influencer. These parasites care for nothing but your money.
SUWOO 🩸 🩸 🩸
Oh gods that Web 1.0 recap made me feel *so* old.
You don't look a day over Web 2.0.
@@PhotonBeast I feel flattered...? I think? Yeah, no, I had dial up till I was like 9 dude.
Mainly evidence in the fact that you are too old to be making a comment like this.
Somehow, non-productive labor exploitation through NFT gaming seems a million times worse than productive labor exploitation. If nothing is even being produced then what the fuck??!
right??? at least if im a sharecropper i know someone somewhere is gonna eat these goddamn potatoes
Nobody cannot seize the means of production if it not exist in the first place.
@@tabinekoman holy fuck
I mean at least in the classic productive labor exploitation there's the illusion of eventually being able to move up if you work hard enough. In this, you're on the grinder forever AND there's no regulations
the difficulty reconciling this is the economy of the future where most labor is automated and the economy itself infinitely more complex. Depending on geopolitical and macro economic events
I loved Dan Olsen's take on Web3 in "Line goes up" - I really really also love your production on this same topic. It's such important work, because there are real societal problems being exploited by the crypto grift that will likely hurt a lot of people. Great job on this. Your editorial has been very entertaining and will be shared !
Dan Olsen at least understands the technology and took the time to go through technical white papers and see the flaws. He also admits the fundamental idea of a digital token to represent unique ownership is not offensive. The problem is the farce that is blockchain technology which believes it "democratizes" the web. We can already see, it's just another extension of Web 2.0 in its current trajectory however just like the early Web 1.0 days, people can host their own FTP servers, their own IRC rooms, fiddle around with open source technology to find flaws and change them.
Strip away all the technical lingo and we get to the fundamental problem with blockchain: Software is not going to magically solve wealth inequality, corporate exploitation, and injustice, no matter how much the cryptobros insist it will. At least, not until we end up with an all-knowing AI that either acts as our benevolent ruler or kills us all.
@@madattaktube word
I can't understand this perspective why you inheritly apply the nefarious trait to anyone working in blockchain. ITS LITERALLY A TECH... Exploitation is thru the people interacting with the tech, not the tech itself... Do you actually prefer a centralized entity to massively debase a currency at a moments notice? Stockholm syndrome is so strong in these comments...
i once saw a sociologist making a very accurate comparison between the concepts in web3.0 to feudalism. the main concept most libertarians don't understand, is that the big heads behind these meta productions are just feudalists gaslighting you to think they're any better than state, when they're just as opressive as any goverment they critique. that's why i hate the term "anarchocapitalism". currency, capital, these are the main sources of authority in our system. dismantling states won't do anything other than making the powerful more powerful, and the marginalized truly hopeless. I'm brazillian, and tax avoidance already costs more to public vaults than state corruption in my country. we're nearing elections, and propaganda still focuses on this discourse, the agressor blaming the victim.
falou merda meu irmão, apaga que ainda da tempo
But the blockchain is fully transperant for everyone, goverments could still identify adresses and block certain adresses
Thank you for this comment! I totally see the comparison to feudalism.
the big heads behind the corporations dont make the laws, tax you and fund a police and military to control you. they also dont issue a currency that you must accept as money. that is the state.
also, how much 'money' does you government print every year and compare that to tax avoidance instead of state corruption.
@@dan74275 in a scenario where state is gone, there is no other entity capable to establish laws and monitor their activity other than the corporations, or in this case, the landlords. I don't urderstand how people can't see that cryptocurrencies are pretty much like economic block currencies, new feuds can only use one at a time and literally nothing can stop them from doing so.
Also, the question isn't how much money is being printed, but how much money is being prived from the population. And in this case, it's 420 billion reals (our currency). Brazil today has 20 million people going through hunger, and a huge part of this is because of a CEO that decided not to waste money. Pretty balanced, honestly
Remember: The snipping tool is there to grab those expensive NFT's free, allowing you to save thousands of dollars on PNGs and allowing you to do more important things like watching videos, shitposting and reading.
So snip away and show those nft peeps your new png that you got for free. This is a free way to teach those who purchase a NFT.
Spread this out and together, we shall speard this glorious shitpost.
Or go eat something and watch more videos.
Isn't it the metadata contained on the original .png that makes an NFT an NFT though?
@@omina.fornozI think the idea of paying thousands or even millions of dollars for a few lines of code is a pretty stupid decision, but that's just me.
They hate that ppl can just right click and copy their silly pics. Ofc, these days it's more a mark of shame that they got duped so bad. The crypto crash is glorious. lol
@@SadisticSenpai61 Amen to that.
remember: m2 => save as! Also, these often are just a link to a URL which you can grab and post around. You own it? then change the data stored at the webadress to anything provocative.
As a web developer myself, "a world running on code" sounds TERRIFYING
Don't worry, it will automatically execute only the finest, unlinted ECMAScript. And no, you have no say in what engine it runs on. That's how smart contracts work after all.
Enjoy hell. Love, backend dev.
@Trebor
I suspect it's a SNOBOL script piped to AWK piped to troff.
As a web user who’s written & designed websites, a world running on code sounds absolutely funny as hell, though only briefly. I want to see it happen, because it will prove the Luddites right!
"We were going to write something proprietary, but James hacked something together using a bastard combination of Node and Python and none of us know how it works or how to stop it, so at this point we're all just going along with it."
@Trebor Nah. Feels more like visual basic.
I'd advise any proponents of seasteading to play BioShock to see how well that utopia will turn out to be. That pitch is literally Andrew Ryan's manifesto lmao.
Right-Libertarian thought draws a lot from Ayn Rand (the real life person that Andrew Ryan is based on).
Gotta love how their video animation on seasteading looks exactly like a video explaining viruses
@Nawid N. It's not an accident.
Would you kindly... Give me all your data.
@@insekten1971 I I I, I think I will do
The play to earn NFT's section reminded me of gold farming in MMO's. They seem to be basically the same thing to me, only difference is it's NFT's instead of gold you're farming.
The gold's worth more.
It essentially was, there just wasn't a centralized exchange, nor on the blockchain. You could very strongly make a case that WoW Gold is/was a form of early digital exchange currency, that followed many of the same "rules", yet at the same time lacked some of the core elements (cryptographic, blockchain, etc,)
It was still a digital currency who's value fluctuated in $, could be purchased, and could be sold.
There is actually Something i can do with my virtual gold Like buy a Portion or a Upgrade material
@@Ettrix wow gold selling has a certain history and some of the players in it is rather interesting one of them was steve bannon of all people
Yea, and when you sell gold, and in some cases accounts with valuable pets/mounts/transmogs etc., you're actually selling a product to someone that they will use. A character they can play as and skip time sinks that would be required to farm the gold. The Play to Earn IS the time sink and you barely make any money, just clicking a button, in order to make the people above you more rich
you never fail to blow me away with the depth and quality of your research
Ok gotta say I LOVE the direction this channel is going in, both content wise and artistically. The script was so well written, the delivery was on point, the editing was entertaining, the music was bopping, and the set design gets better every video! Keep it up Mune!
Secondly I am living for this haircut, it looks so good on you!
This is a RUclips gem.
I followed most of these stories individually for the past two or so years, and now I see everything falling into place neatly thanks to your work.
@@anonymous-0 a wild Veebro appears!
I am quite happy that you have mentioned and went into detail about the Axie phenomenon in my home country.
At first, I thought it was just a side hustle where people who have extra cash to burn invest on it and hoped for the best but when it became sort of an "alternative" to having an actual job or a more respectable business. That's when I started to see the red flags.
And for the Philippines, having most of its population living in the poverty line but somehow has access to the Internet due to the abundance of dirt cheap Internet cafes. Those said people are the victim on this phenomenon if anything. Sure, there are success stories but Axie all boils down to luck. Only the Rich can rise to the top or at least have a stable income out of it. Whilst the less fortunate just gambles on it. So no, it is not an "alternative" for having a job or a small time business.
I didn't suspect anyone in your home country would have a 'success story'. It shows how well thought out the initial scam's marketability. They knew that some players would need to 'win' besides the big investors in order to keep people coming in. So they make sure there's a lottery element to it. I think this is evidence that they're much smarter than I gave them credit for. Thanks for sharing a perspective I wouldn't normally know about.
Axies are probably the worst, like its all scumminess of crypto, plus the exploitation of labour.
@@RobertDrane Due to years of me not having any access to a Visa Card I am always weary of anything on the internet requiring payment.
You can get just about anything for free, and if it's paid, don't bother because there is a free version out there.
That is very apparent with MLMs because most require you to pay first before earning anything.
YES! It was obviously unsustainable from the very beginning. I have friends who have "invested" in axie several months ago, and are yet to recoup their money. I hate the fact that crypto bros and the company use our country to pretend that axie and crypto are a social good. Axie is nothing more but a pyramid scheme.
@@winterwolf211 I’m lucky enough to have realized this in high school. Anything digital you can get for free if you know where to look. I constantly try to show my family and friends but they still buy into monthly subscriptions of websites and products and it drives me up the wall. It’s easier when you can just pay for it so they don’t bother :/
Watching this a few years later, it's wild how ticket master's "dynamic pricing" is standard now.
So an economic system with no regulation, no oversight, and no accountability was a scam? This is my surprise face 😐
😆
:makes third grade sorting noises: 🤭
Yes, just like most of the far-left politics that preach no accountability also are.
@@luizmonad777 no accountability, or public investment that looks scary to us in the cellblock?
oh yeah, highly regulated markets are virtually scam free. Literally the biggest scams in "crypto" are the useless fully licensed applications that lipservice decentralization talking points just so fuckers like the girl in the video and suckers like you can go on shit on "ancaps" and "capitalists" and "unregulated markets" without imploding from the void of stupidity in your statement
Anytime anyone sells you anything with the promise of it increasing of value in future, make sure to ask why they are selling it to you now instead of just waiting for the price to go up themselves.
Isn't this the premise of gold trade and the stock market?
@@GoldenRedder Ditto for gold, but with stocks, they can pay a dividend. Buy and hold. that's the way to win
like a house? XD
So, we should ignore that munecat is yet another content creator who thinks she's smarter than she actually is? If she was truly intelligent, then she would have opened her video up with this quote from _Them Adventures With Extremists,_ "Let’s face it, nobody rules the world any more. The markets rule the world. Maybe that’s why your conspiracy theorists make up all those crazy things. Because the truth is so much more frightening. Nobody rules the world. Nobody controls anything."
@@JamesonLemonade Well with a house it is a bit different since they might just want the money upfront and you might want a place to live. Maintaining a house isn't always easy for a person to do and even less people actually want to do the stuff a landlord is usually required to do.
Luckily, here in the Philippines. There is a lawyer that also is a content creator combats Axie Infinity and NFT Games. And the NFT games hype here is now dying and people are now aware that NFT games are scams.
Are they scams or are they just lower than min wage jobs? I mean, they are games, literal children could make a dollar from them for super poor fams.
@@grantwithers It depends in the Manager-Scholar agreement. But in a sense it is a scam. Earnings in Axie are super uncertain since it depends on the SLP=Pesos exchange. As of typing its exchange rate is 1slp=1.08pesos(.02dollars). And the game itself has so many issues right now. Three days ago, 600 milliion dollars in cryptocurrency were hacked, and was allegedly an inside job.
I don't blame the people joining, since we are living in a third world country.
@@grantwithers Sorry if my reply was super vauge for you. It is really hard to explain this topic here in comment section.
@@grantwithers ruclips.net/video/00gtTO-x8B4/видео.html here is a link that might help you understand more about Axie and NFT games.
@@grantwithers Sorry for my bad English, and my opinion on NFT game is: they are games but were faulty marketed as a way for you to make money. Most NFT games are based on hype alone where they used a ponzi model to fund their "play to earn" promise. Thus, children who jump into the ship later would be the small fishes who feed the early adopters.
I just got told by a crypto bro that ''crypto's energy consumption is not important because my car uses a lot of energy and I'm not gonna start walking everywhere''
I was like: You should tho. That's kinda the point...
She's back, one of the best and baddest on RUclips. Very, very few other content creators are on her level and in many ways she's in a class of her own, and I'm so glad to have subscribed to her. Thank you for all you do, Queen Munecat!
Baddest?
I know this is a cringey question but, as in "bad bitch"? Like a girlboss? Or brave? Or do you mean shes the best and worst
She doesnt seem like a "baddie" to me
@@lautaroescarlon7501 I mean as in, a bad-ass woman. She's certainly intelligent, skilled in a variety of ways and brings the comedy every single time and at all the right times. She's awesome, I'm glad she's doing what she does and tells the truth while enlightening her audiences in her own unique style.
@@lautaroescarlon7501 yes, it's a term that originated in the late 80's meaning the best, most awesome, etc. Most notably from the album Bad by Michael Jackson.
34:11 about this part: just because people were scared of technology in the past doesn't mean they shouldn't be scared of *any* technology in the future, especially the things that look like complete scams. Sure, most steps that one takes would be harmless, but don't hesitate to *not* take a step if it leads off a cliff.
And the regulators of the past were right to be scared. In the beginning E-mails were sent unencrypted as plain text. Meaning everyone along the path could read what you sent. Before End-to-End encryption it was a bad idea for lawyers to send sensitive data via E-mail. Then End-to-End encryption became standard and E-mail could be used to send sensitive data.
@@EnbyFranziskaNagel it's just wasn't good enough the tech was new after all and different between crytop is that tech is 15+ years olds and at most they just a investment nothing more plus they run very expansively
As a low tech generation x, i understand just bits of this whole thing, and your video made me feel good in having kept my involvement with this scene to a bare minimum. Now i go back to farming and drumming, my two favourite activities, that require no electricity, let alone internet, to be done and enjoyed.
Peace!
Reject ape. Return to Monke.
Ok boomer
@@n48_art you must feel alone son, or you have age mates who are on that same page?
honestly, good for you
@@musamusashi in my opinion! theres a not small amount of gen z people who are on the same page here
This is a perfect video to pair with Line Goes Up. Incredible work!
I love the contrast between crypto critics making these extremely well thought-out, densely packed, thoroughly researched videos that put the crypto phenomenon into the appropriate historical context, expose the major players behind the scenes, and talk about the many, many predatory tactics involved in hyping up crypto and NFTs, while crypto shills have ... tits, technobabble and memes.
Amazing.
Are you claiming "crypto-skeptics" doesn't have tits?
@@thelawenforcerhd9654
Given the fact that the cryptocurrency market uses more power than a large European Country, and by that is a huge contributer to global climate change, and it's the development countries who's going to feel the worst impact of this, how is it in any form defendable to advocate for crypto?
@@thelawenforcerhd9654 Hahahaah, oh you're serious.
@@Gamingpandacat seriously, his name is 'LawEnforcerHD'.. Like, what's so High Definition about law enforcement?
@@Gamingpandacat Yeah I'm serious. To find out information you look at data from peer-reviewed academic studies. You don't get information from Charlie Brooker plagiarists on youtube making unsourced and unverifiable claims about how the poor should help themselves by "making more money". Because that is what stupid people do.
I'm hoping we've already seen the peak of Web 3.0 and everyone will come to realize what a speculative scam it is. Congrats to those that got in early and aren't stuck holding the bag.
While current applications are worthless, Web 3.0 as an idea is good.
A better way to run the web eventually will become necessary
@@JustSomeoneRandom1324 Great, since you know that it is a better way... can you tell me how it is a better way? I didn't get it so far.
I don’t think it’ll really ever become mainstream, at least not without some serious changes. They’ve managed to alienate everyone who isn’t either a grifter or a BS “investor”.
@@JustSomeoneRandom1324 what... does web3 solve exactly? what problem is fixed by it?
@@walkingonneedles visa and Mastercard charge 3-10% fees on credit card processing depending on the type and location of the transaction. This is a common struggle and pinpoint for small and independent business and obviously gets worse as a company scales. Blockchain (not bitcoin) can offer near instantaneous transactions with zero fees. Munecat talks about blockchain as if they're all the same but there are many ecofriendly, egalitarian chains which don't consume huge amounts of energy and don't simply make rich people richer.
Also, after the financial crash or 2008, banks seized and sold people's savings, properties, and belongings. With blockchain, it is impossible for financial institutions to unfairly seize and liquidate people's assets. Read your banking agreements, you do not own your money while it is in a bank.
I am amazed, part investigative journalist, tech/economic/legal savvy to everyday speech expert, and common sense guru.. with satirical acting skills.. how did I not see your channel before? The Economist should make you the editor in chief for their tech columns. We sorta knew all these pieces, but you skillfully sewed this Frankenstein together wonderfully.
Well, she's way more interesting and fun..
@Ainapa Murolo wow nice dude, thanks
Iffy on the promotion of the Fed Reserve's benevolence but overall well done video.
@Ainapa Murolo So she's what people call a Breadtuber? I'm only halfway through this video and haven't watched any others of her yet, but I'm getting some commie vibes. Still a good video on the bad side of cryptocurrencies so far.
@Ainapa Murolo how so? even if she's taken inspiration here and there in her presentation thats not copying... most of "breadtube" has a similar style of content
on paper, my brother was exactly the kind of person who’d fall into the crypto trap. loved money, midway through a business degree, andrew yang voter, fan of edgy humor, whole nine yards.
BUT… crypto mining and NFTs just so happened to kick off right when he started upgrading his gaming PC. suddenly the parts he wanted cost 10x more and were extremely hard to find. i think it took him like 18 months to finally get everything he needed.
it made him DEEPLY hate crypto bros. and it’s honestly made him a better person. he used to laugh at Edgy Jokes™️ and complain about tipping - now, he helped a homeless man set up venmo so he could send him money and sent me a video about racists dog whistles in BAYC tokens.
Honestly, fantastic timing, lol. Hate to think what would've happened if he hadn't gotten into pc building right then. I'm happy for your brother, being able to escape that alternate reality where he got sucked into the web 3.0 pipeline!
"it made him DEEPLY hate..." & "it’s honestly made him a better person" This is the most leftist thing I've ever heard.
@@vulkanofnocturneHahaha, yes. Because it is DEEP hate that makes better ppl.
"Are we the baddies?" Lol@@TheZaxx
Yes? We should hate things like bigotry and injustice. Your point being? @@vulkanofnocturne
Thought it would be hard to add much to Folding Ideas' recent epic video on this subject, but this goes some really interesting places and is typically hilarious at the same time. Worth the long wait.
Same. I think I’ve seen at least 3 breadtubers publish feature length works on Crypto and this was by far my favorite.
@@isidoreaerys8745 Folding Ideas, Münecat... Who's the third one?
This is a terrible, terrible video and you need to stop praising it. She seemed so interesting in previous videos but she completely ignored all the good work that is being done in the crypto sector. There are cryptos being developed which could do a great deal to end poverty in the third world and allow millions to start businesses or trade or just get a loan at competitive rates. Imagine influencers started attacking the concept of the internet when it started because it was all adult content or scams (which it was), that's how bad this video is.
@@thelawenforcerhd9654 She has a section in this very video at the 43:44 mark on why that whole "ending poverty in the third world" bit is bunk too.
@@thelawenforcerhd9654 just because there's a few good apples in there doesn't make a totally spoiled barrel any good.
Witnessing the downfall of humanity is interesting to say the least. Really depressing video, looking forward to the next one!!!
At least we can say we were there...to no one
It really feels like it, doesn't it? At least Munecat tells us in style.
@@rockhunter123 We'll have a lot of really funny stories to tell over the campfire while we cook rats on sticks.
@@razieldumas No can do. Don't have rats where I live. Check your rat-privilege.
Oh how white and western centric of you. "Downfall of the West" is closer to the truth.
You already had me laughing and smiling through the vid with the Margot Robbie bathtub bit (love the cat swimsuit, btw, cracked me up; wish there were more fun silly swimsuits like that for men, too) but the over-the-top production even on the transition bits was what got me full on laughing, even through the explanations of a frankly dystopian new world of tech. Wonderfully done, Grandma Münecat, future generations will surely come to thank you in the old folks' home for warning them about the dangers of the now-modern world like Gary "Pop Filters are for the Poor" V. and a fundamentally flawed crypto market
27:40 Glad you addressed this in particular, crypto is a dumpster fire already, but this is one of the more minor aspects that’s still a fundamental flaw. Having hundreds of different cryptocurrencies floating about, and being that easy to just make another one, really should just tell the casual observer immediately that none of these are worth crap. These aren’t different national currencies like in the real world, this is play money that these people want real money for.
“The delusion that salvation from capitalism can be found in new, more clever capitalism is incredibly seductive, and always wrong.”
Very true, and also easy to show why that belief is always wrong. Capitalism rewards predatory behavior, so the only thing that could ever have resulted from more clever capitalism is clever people preying on those who don’t know any better.
Be wary of statements made with such dogmatic finality. For instance, is cooperativism predatory or transitionary?
@@selfsaboteursounds5273couldn't have said it better
I don't believe in the dellusion of salvation coming from giving power to the workers either.
Socialism failed spetacularly.
I think humanity will settle from far-right insanity and also far-left insanity. The future is neofeudalism. Everyone will be incredibly poor in terms of power , except we have all of this technology and incredible production capacity. So it won't be that bad.
I don't have hope of salvation, but I can earn a good living by selling my services to the king, whatever is the new king.
I'm from warrior class, not worker (aka left), nor clergy (aka right).
I couldn't care less about either of them, I only care about my survival.
@@luizmonad777 “everyone will settle from far-right insanity and also far-left insanity”
_substitutes own insanity_
This reminds me of "capitalist realism" which is the belief that capitalism is the only system which can exist within "natural economic laws" and human nature
This all made sense to me for the first time when I heard the quote:
"Its easier to imagine the end of the world than the end of capitalism." That quote just rings eerily true in our political world and it's endlessly frustrating.
Always comforting that tech bros want to create Roko’s Basilisk
Sweet sweet horrors beyond my comprehension
Not too worried about that one tbh.
Don't think the basilisk will be too happy about crypto.. No advancements in AI, only issues with economy. We need to do more science with AI!
@@BundesNachrichtenDavid What’s a good name for a company like that? Maybe… Aperture?
@@wildfire9280 GlaDOS was a great envision of Rokos Basilisk haha. I'd think it's a net positive, as it bought the idea of powerful ai more into pop culture. :D
I'm a bit surprised that "3d printing" got thrown in with the list of technologies likely to fail, but I will admit that 3d printing is often overhyped. It's awesome to see what it can do (home uses are usually for figurines, but I know it was used for cheap and light 3d casts), but it's easy to forget the limitations. I still have hope for that one, but that's primarily because it's a technology that started with utility (manufacturing cheap parts quickly in an easy to configure way).
3d printing is great for prototyping parts and saving hundreds of dollars on warhammer miniatures
I don’t think 3d printing is going to fail
as someone who just got into Miniature Painting and doesn't have money to burn, 3D printing is a godsent!!
3d printing actually has use further up the supply chain. i know an industrial entrepreneur who mostly manufactures things through mass 3d printing for business-to-business sales to other industrial companies.
3D printing can be used in future to develop organs to transplant into people. We're already halfway there, we can 3D print the organ but not with the proper blood vessel network to allow it to connect to your blood circulation. Cool potential medical application though
This should win the video of the year award.
This is such a savage video haha. You're not holding anything back but its still full of jokes and skits to keep it entertaining. I can't imagine how long this video took to plan, shoot and edit.
My guess - as an author creating "content" - is that 3 months of solid work went into this
@@anonymous-0
I can just tell you got shoved into lockers
This has been so worth the wait. It must have been a nightmare to research, your jokes are landing great and I love the lighting. I also love how the sound quality drops when we're in the past.
One of the very few channels that i genuinely look forward to every video dropping. You're humor is brilliant and the quality of your videos is unmatched.
2 years passed. No Web 3.0
Any second now!
A feature length takedown of crypto-bullshit is not what I thought I needed today, but now I feel whole again.
she's incredibly biased has some points but misses all the good stuff
@@AndrewBouchierUK like?
@@deanmcinerney2324 like decentralised finance, like building truly trustless systems
If you want more of that, check out 'Line Goes Up' by Folding Ideas. Absolutely excellent video, and it's also feature length
@@pranavghantasala6808 No, that video is even worse than this one. Andrew is correct. None of these people have a real argument against the innovation of decentralization, its the same talking points that stem from the current state of crypto, ie, brand new and full of issues. All of these people act like this stuff can't be fixed in the future and it's actually moronic.
Having all my suspicions confirmed doesn't exactly bring me any joy, in fact it's kind of depressing. But still, thank you, and I tip my hat to your talent in writing, video editing, songwriting and performing, research, and most importantly, your humor.
This girl has said half true and half false statements. Most nfts and crypto currency are useless, but what she didn't mention is how all asset ownership in the future will be digitized onto a block chain network. Your car, house, contacts, money and more. Research the iso 20022 and start learning how countries and business who don't adopt certain eco-friendly cryptos will fall far behind financially. The IMF and multiple central banks around the world including Canada, England, India, Saudi Arabia and more are already adopting blockchain technology like xrp. This girl doesn't exactly know what she's talking about. Fiat is going away unfortunately.
@@kevinvolk8846 I'll believe it when I see it. I'm full of FUD.
@@JerryDavis lol when you "see it" on main stream news you're going wish you had prepared. Start googling and learning now. Iso 20022, cbdc, xrpl. Governments, banks and many of the top businesses in the world are setting up to begin using web 3 and block chain technology. I gave you three topics to research. I suggest you start learning about those things before things get incredibly ugly for you and your family.
@Guy Whose opinions will offend you anthing is better than Raid: Shadow Legends
I miss web1. The good old days of fighting with my parents when they were trying to phone their parents because I just wanted to look at random shit online
This is my first video of yours! Incredible. I can’t wait to watch more.
I never knew I needed a mix of musical performances, comedy and crypto hate all together in one package in my life until now
"renting NFTs", "playing a cute fun game to earn a living", "crypto queen"
Boy, the zoomer economy is fucking wild.
this aint no zoomer economy its upper middle class millenials
@@alicemadness999 I see far more younger folks falling victim to all of this and losing money. There are certainly some predatory millennials driving it, but I see far less victims there and generally less participation except for only the very last few years of the millennial generation.
@@BTx933 Is earning an income from a ponzi scheme "epic" or are you just scamming people?
@@hgbugalou the majority of the zoomers hate nfts for the many issues with them
They didn’t ask for this. Millennials didn’t ask for this. I don’t even think boomers want this, and they’re usually all for fucking over the younger generations.
This is all just the realized dreams of Silicon Valley sociopaths who were butthurt that they couldn’t grift off of the housing market pre-2008.
As someone who is aspiring to a future as a technology journalist, this is an extremely important video. These points are mostly ones I'd heard mentioned in several places, but I don't think I've seen something so complete, understandable, and enjoyable to watch that's tackled this subject. Thank you for this. Will definitely share with others. Sorry I missed this when it was a fresher take.
Now we know how journalists are so leftist.
1:32:29 Getting some real I Have No Mouth and I Must Scream vibes from this section. Like all the computers get together and form AM.
I began by getting hyped for a Munecat video, then getting more hyped for the content
And now I'm depressed.
10/10, average munecat experience, good job!
Also an excellent job on differentiating yourself from the Dan Olson masterpiece too!
at least she gives us a song at the end to soften the blow!
"I began by getting hyped for a Munecat video, then getting more hyped for the content
And now I'm depressed." There's the problem, it shouldn't be that depressing. And she literally always is. Sure there are a lot of scams with crypto. But she is SO relentlessly negative about everything she talks about it....at some point you have to say something positive.
@@thelawenforcerhd9654 Why?
@@gorsh7870 Because otherwise you come across as a morally bankrupt hate merchant perpetuating an establishment narrative for easy views.
@@thelawenforcerhd9654 My dude, Crpyto is nothing but a scam.
This video is PHENOMENAL.
Shame about the sponsorship
Amazing details.
nice name
@@n48_art Can't remember what it was now.
@@happinesstan - It's sponsored by "Keeps," for men's hairloss. Is that some super problematic thing?
“Imagine someone like Britney Spears - instead of selling tickets at a fixed price on a first-come-first-served basis, she auctioned seats for her concerts … This is generally seen in the live music industry as unethical - artists don't want to be seen to be prioritising rich fans over poor
fans.”
So.. Ticketmaster?
A fool is soon parted with his money. If we would have real money (not fiat but a gold standard or something simillar) those with the money to non stop run to Britney Spears concerts would in most cases not stay rich after some time.
No, Ticketmaster still sells tickets at a fixed price, FCFS. The auction feature is available alongside it but is never the only way to gain a ticket, it's simply there to sell unwanted ones once all have sold out (usually at way more than the initial, affordable ticket was.)
ruclips.net/video/-_Y7uqqEFnY/видео.html
John Oliver did a piece on Ticketmaster and how Pop Stars are prioritizing rich fans ... just behind the scenes.
@@222o-u3t except that it's routinely abused by scalpers and in some confirmed cases the artists themselves, who either purchase massive numbers of tickets immediately or in the case of the artists just *reserve a large chunk of the seats themselves* and then sell those tickets on the auction portion of the website for as much as they can get for them. This has been a known issue both by the public and by ticketmaster for a very, very long time and they have no intention of doing anything to stop or even curtail it.
This is where you hit the important part of that quote, people in the music industry don't want to be SEEN preferring rich fans over poor fans. All that matters is the perception. If they can sell the tickets for a 1000% markup anonymously? They will do it, every time, at least in a lot of artists' cases.
@@TokugawaPatrick ahh right, the market always solves itself. God you anarchist types are amazing.
This is funny, engaging, and also incredibly informative. You’re clearly smart as hell!
Love that she is not only right in this video but she was early, turning this in before the bigger crash of platforms like Voyager and Luna.
@@anonymous-0 cool comment. Ever seen V for Vendetta such a cool movie. Bet ya didn’t know it was a comic book. Boy oh boy I wish I was like Guy Fawkes.
Voyager, Celsius, and all the other crypto lending firms that went bankrupt, are not web3. They are just centralized lending firms just like we have always had, except they use crypto. All the decentralized web3 lending platforms like Aave, worked like they were supposed to and nobody went bankrupt. If aave loans went under-collateralized, they were liquidated And the lender got their money. People confuse centralized web2 companies that utilize crypto with the rest of the decentralized web3 world
@@itscoleonyoutube Who the hell is Guy Fawkes. That's obviously Anonymous Guy, from Anonymous. Shaking my head my head.
@@benjamineddy1392 add FTX to the list. 😆
@@anonymous-0 wow you have such quick witty replies. It only took you 2 months to think of that. Incredible.
This video, along with Line Goes Up by Folding Ideas, are some of the most foundationally important texts for understanding the dystopic hellscape capitalism is hurtling towards. It's literally one of the greatest videos ever put on this site.
Well done journalism has taken a new form, it just hasn't been universally embraced yet
It's almost like she watched folding ideas and spent the following 2 months making this video.
@@GenesisTheKitty The main reason are the dinosaurs still watching CNN and Fox. I'd say once they go extinct humanity will be in a better place, but now crypto bros are ruining the parts the dinosaurs didn't already.
They're not texts. They're videos.
Soliloquys with no challenging takes.
Unfortunately, socialism has already hurled the world into that void, for a century. Millions upon millions dead. The Ideology of the Nazi party 😕
The Palantir in LOTR was an unreliable corrupted form of communication because the dark lord held one of them and could see through the others. Hmmm they are really honest with naming their company that.
I think they get off on stuff like that. The elite like to tell us what they are doing to us, they just disguise it as "its just a book/episode/stream/movie/lyrics/painting/etc it isn't *literally* real".
I may be wrong but the term that comes to mind is predictive programming. But it's just a conspiracy theory, don't worry about it.
Peter Thiel was the dude who read the Similarion and went "f*ck the lame singing trees, Morgoth had the right idea." But with zero satire or irony involved lmao
@@xbabu142x That actually freaks me out because when the evil god/fallen angel Morgoth dies Tolkien's last words are something like "reverberations of his evil will live on in the hearts of those he continues to inspire"
@@joeschmoe3665 Yeah that as my point, just a lot more lighthearted. Great quote though. There is always gonna be some individual who sides with the villain over the hero I guess so its not quite so bleak of a foretelling hopefully, if it makes it any better.
@@xbabu142x Morgoth and Sauron had absolutely nothing to do with the palantiri. They were created by the Elves in Valinor and later gifted to Men, they had no relation to the forces of evil. Later, as the kingdoms of Arnor and Gondor fell into ruin, the seeing stones became lost and Sauron eventually found one, but they originally had zero connection to him or Morgoth.
I'm not defending the company or Peter Thiel, but naming a company "Palantir" in and of itself doesn't mean the owner "read the Silmarillion and sided with Morgoth" or some such nonsense because Morgoth had absolutely nothing to do with the creation or use of the palantiri, they were used for thousands of years by the forces of good long before Sauron ever found one.
Rewatching this in 2024 and crypto has died so hard
i don't know if munecat had any hand in the death of NFTs with this video, but i like to think she did
How? Bitcoin is up 300% this year and past an all time high? Wtf are u talking about?
@@mariomario1462 Literally nobody gives a single dry fuck. Move along.
@@mariomario1462 300% from where though? Any number looks bigger if you make it into a percentage
@@j0j0dartiste21Literally from the summer of 2022 when this video was posted, Bitcoin alone has grown 350% 💀💀 I'm laughing at the experts in the comment section
I just watched the Line Goes Up video and it went into the Axie setup. It's disgusting. Basically, the players are just minimum wage workers who make money for bosses who take a large profit thanks to the sheer bulk of the amount of "scholars" under the rent relationship.
FUCK YEA LATE STATE CAPITALISM . I mean in the eyes of ppl running this shit. It's all fair cause if these ppl did not want to be exploited then why did they sign up? HMMMM?
rich getting richer over the back of the poor huh ? well that's how the world has been working for a long time. at least this gives the actual poor people who make less than 10 dollars a day some money to buy food in 3rd world countries.
@@tugrulserhat actual poor ppl do not have the money to buy a computer before they can buy food
@@tugrulserhat you do know the money only existed so long as more people brought in right? Which is why Axie currently outputs so little money that its popularity is nosediving
@@deeznoots6241 I do. And as you can see, I don't claim that it's good now. But for 3rd world countries that the fiat currency lost value quickly, it was a way to earn some money for young people that had no job because of the shit economy. Including my country. I didn't do it myself personally but people around me did and converted to USD immediately which was the way to go as we see it now.
Did Peter Thiel intentionally call his company Palantir because it's one of the ancient Numenorean seeing stones that Saruman used to communicate with the Dark Lord Sauron?
Pretty fascinating that all of these people who envision a "Utopia" regularly use dystopian fictional terms - kind of like Zuck and "Metaverse" - ripped straight from the dystopian satire of late capitalism, Snow Crash
Probably. Given that one of their contracts is for the Intelligence Community(the guys in the US that spy on other countries) it would make sense to me.
They definitely named it that on purpose I remember it being an SV joke to tie into their mission statement early on and the whole thing is just ... Gross.
What blows my mind more is how bullish retail is on their stock 😳 serious case of stockholm syndrome
Awesome book btw.
@Brian Emmett people have basically zero understanding of what Palantir does. This girl especially. She could not miss the mark more on what she believes Palantir business model is.
This was art! You brought up so many great points that other videos haven't talked much about, like the timing of the Beeple sell & the crackdown on art markets. Amazing job, especially the music!
*PREDICTION:* the moment Web 3.0 is on the verge of going mainstream we're going to see the "Dot ETH" bubble pop where 99% of altcoins, NFTs, whale-owned metaverses, P2E games, and DAOs become worthless and abandoned.
I can imagine some of the top cryptos like Bitcoin and Ethereum will still exist after the dust settles as "blockchain commodities" and Web 3.0 will be no better or worse than "Web1" and "Web2" comprised of mega internet commerce platforms that happen to integrate blockchain in their accounting systems.