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Timothy Tetrault's avatar

Indeed, I just posted this comment on the YouTube segment with Imam-

I think I see and can understand some of Jacob's points- but if he's for sound money, I need to hear more of what he envisions about what that would ideally look like. If BTC hits 90% of that ideal, and he's against it still, then it seems like it's a default vote for the status quo.

BTC takes a lot of power to secure, for sure- but the USD is secured by something like a dozen aircraft carriers and who knows how many nuclear submarines and the power projection implied there. That's a lot of electricity too. A lot.

Consider BTC not as an investment but as something people are opting into as an incorruptible medium of exchange.

I can only agree with him on the "pump and dump" scheming that seems endemic to crypto spaces- but also, there's a number of us who are viewing this as a BTC vs. crypto agreement there. Fiat money puts gasoline on the fire of monetary speculation.

Also, I love the cigar smoke waft over the camera.

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Andrew Flattery's avatar

Right. What is the alternative? If there is a constructive criticism here, offer a potential solution.

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