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YouTube censorship and all that

  • 25-12-2019 12:58pm
    #1
    Closed Accounts Posts: 2,005 ✭✭✭ BDI


    Why do the corporations dislike people spending money on bitcoin. Banks refusing to allow credit card transactions and YouTube now doing away with people who big it up.

    A fella I work with keeps buying it and talks it up a lot but doesn’t seem to fully understand it. He was saying he could make his own bitcoin the other day but it’d take too much electricity so wouldn’t be worth it. He didn’t really understand why or how or anything. Just kept saying mining and blockchain.

    So back on topic, why does the man not like crypto?


Comments

  • Registered Users Posts: 1,317 ✭✭✭ Dr Bolouswki
    Registered User


    Unregulated (no tax or oversight), consumer protection (ye rite), criminality... but I think mostly because there is no way for "the man" to get a piece of it. I like the outlaw element. Fúck the system! Smash the control machines!


  • Registered Users Posts: 7,055 ✭✭✭ JohnnyFlash
    Registered User


    Crypto is a giant ponzi and money laundering scheme and YouTube want no part of it.

    Prepare for the announcement of about 500 decentralised social media and video sharing sites over the next month. All will involve a unique opportunity to invest in the future. Just use real money to buy ethereum and send it to their wallet address.


  • Closed Accounts Posts: 2,005 ✭✭✭ BDI


    So, the fact it’s unregulated, what could happen to make it all worthless overnight?

    If they found a way of tracing it or if it was devalued by the owners just creating another 5billion bitcoins. Is there a few scenarios like this that can easily happen?


  • Registered Users Posts: 1,819 ✭✭✭ Pintman Paddy Losty
    Registered User


    Almost all the content that was on YouTube was just fat lads in baseball caps shilling scam coins.

    Not surprised that they want no part of it.


  • Registered Users Posts: 11,195 ✭✭✭✭ Lex Luthor
    Registered User


    Crypto is a giant ponzi and money laundering scheme and YouTube want no part of it.

    But more than 20 of the worlds biggest banks are...


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  • Registered Users Posts: 7,055 ✭✭✭ JohnnyFlash
    Registered User


    I’ve given this about 15 seconds more thought, and have decided, that, for once, I agree with the crypto heads.

    Crypto is a complete scam, as even the most painfully dull of you are starting to realise. And all those video blogging shills are cynical and vindictive men who pray on the greed of their viewers.

    Yet is that much different than having channels with kids marketing toys, or having gambling ads overlaid on music videos?

    The problem is that companies like YouTube are just a more extreme example of the rapacious greed that crypto embodies. It’s worrying when a site like YouTube gets to decide what sort of sinister capitalism they want to promote.

    Regulation is what is needed. Strong and decisive regulation. For the good of humanity. And I include shutting down crypto scams and miner farms with that.


  • Registered Users Posts: 6,810 ✭✭✭ Grumpypants
    Registered User


    BDI wrote: »
    So, the fact it’s unregulated, what could happen to make it all worthless overnight?

    If they found a way of tracing it or if it was devalued by the owners just creating another 5billion bitcoins. Is there a few scenarios like this that can easily happen?

    Nope, no one has control over bitcoin had it has a set amount so no one can just print bitcoin.

    People like it as it offers a easy way to send money and buy things. Loads of big corporations like Starbucks now accept it.

    The Youtube thing was prob part of their purge. They want to become a network TV platform. That's why they have spent the last few years killing off small channels and "trending" Jimmy Fallan clips.


  • Registered Users Posts: 11,195 ✭✭✭✭ Lex Luthor
    Registered User


    Looks like YT has confirmed it was an error on their part, bans lifted and strikes removed

    Just like that....hmmmm


  • Closed Accounts Posts: 2,005 ✭✭✭ BDI


    Nope, no one has control over bitcoin had it has a set amount so no one can just print bitcoin.

    People like it as it offers a easy way to send money and buy things. Loads of big corporations like Starbucks now accept it.

    The Youtube thing was prob part of their purge. They want to become a network TV platform. That's why they have spent the last few years killing off small channels and "trending" Jimmy Fallan clips.

    But surely people can make it?


  • Registered Users Posts: 11,195 ✭✭✭✭ Lex Luthor
    Registered User


    BDI wrote: »
    But surely people can make it?

    Make it?


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  • Closed Accounts Posts: 2,005 ✭✭✭ BDI


    Lex Luthor wrote: »
    Make it?

    Increase the amount of bitcoin on the market.


  • Registered Users Posts: 11,195 ✭✭✭✭ Lex Luthor
    Registered User


    There can only ever be a maximum of 21,000,000 bitcoin ever, but that will never happen as a few million have been lost, etc

    People will continue to mine them but it will be many decades before they have them all in supply so in reality by end of this century there will probably only be a circulating supply of 14-15m


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