Miguel de Icaza ᯅ🍉

Short and sweet anti-crypto documentary.

This was an hour well spent. Well written, hits all the important points, and a great launching pad for anyone to ask follow up questions.

Good video to share with family and friends, and warn them of this high tech scam.

Via Stephen Diehl on twitter:

https://www.youtube.com/watch?v=ORdWE_ffirg

Crypto: The World’s Greatest Scam.

YouTube
Jan 2, 2023 at 5:37pmMetatext
Show threadBrennan StehlingJan 2, 2023

@Migueldeicaza This is my favorite take in crypto.

https://mastodon.juglugs.com/@juglugs/109615716836639788

Widdershins Smith (@[email protected])

Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are Pump-and-Dump schemes, while others are Pyramid schemes. Others are just middlemen skimming off the top. Others are just standard-issue fraud. Stop glossing over the diversity in the industry.

Juglugs
Show threadMiguel de Icaza ᯅ🍉Jan 2, 2023
@brennansv it’s a good take
Show threadJulie LermanJan 2, 2023
@Migueldeicaza started watching this and it is fascinating!
Show threadMiguel de Icaza ᯅ🍉Jan 2, 2023
@JulieLerman glad you are liking it!
Show threadHarish NarayananJan 2, 2023
@Migueldeicaza I absolutely loved this. Thank you for sharing.
Show threadEmad A.Jan 2, 2023
@Migueldeicaza too late for me😅 I lose my saving in crypto
Show threadMiguel de Icaza ᯅ🍉Jan 2, 2023
@EmadAghayi very sorry man
Show threadMichaelJan 2, 2023
@Migueldeicaza
Thank you for sharing!
Show threadSivanJan 3, 2023
@Migueldeicaza I watched a bunch of those, similar in fashion. The FTX story is incredible with its own regard. I felt it’s a scheme from day 1, and it bewilders me so many industry pros fell for this. (Including huuge VCs in FTX story)
Show threadIan RidgwellJan 5, 2023
@Migueldeicaza I really wanted crypto to work, but it never got around to solving any of the problems it purported to solve and no new solutions to existing problems were found, just new problems to advertise and scams to base said problems on. Part f me beleives the technology still has a purpose but the rest of me knows even if that was true it is a technology lost to the toxcicity of wealth and the solutions it might offer solve the toxicity of wealth. Not a profitable composition of ideas.
Show threadMiguel de Icaza ᯅ🍉Jan 5, 2023
@ianridgwell some elements were good ideas (“is there a way to send money without an intermediary”), but the was built on principles and ideas that just can’t sustain it, so it turned into speculation - and that was a slippery slope it couldn’t be undone
Show threadIan RidgwellJan 6, 2023
@Migueldeicaza There is nothing specifically monetary about distributed ledgers. The double spend solution solves trust issues across distributed ledgers. We can make agreements with each other simply and easily, the issue only comes into being when we add money. Its not essential, and if it is we have cash. Escaping the control of authorities (banks, government etc) to the control of said authorities via proxy is the usual VC, tech bro, anarcho-cap libertarian nonsense. Its saddening.