#FUD #bitcoin

> This is a really important point to stress: cryptocurrency does nothing to addres 99% of those problems with the banking industry because those problems are patterns of human behavior. They're incentives, they're social structures, they're modalities. The problem is what they are doing to others, not that the building they're doing it in has the word "bank" on the outside.

https://www.youtube.com/watch?v=YQ_xWvX1n9g

Some nocoiner freaked out that I mentioned bitcoin and told me to watch this and it's terribad.

I think this summarizes all his arguments:

- bitcoin is too slow (he ignore the lightning network)

- bitcoin doesn't solve 100% of the problems of the banking system, therefore we should use fiat instead

- scammers like bitcoin, therefore bitcoin is bad

- energy FUD

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Oh yeah, and also he argued that "those who can afford the bigger rigs will get all the bitcoin, and this will centralized". Does anyone have data on this?