https://www.youtube.com/watch?v=dhZxWuWg460

Responding to comments about Bitcoin ep 1

1. 💬 Comment:

I always warn people to be careful. Even the name “cryptocurrency” already sounds vague and unreliable.

🧠 Response:

Don’t judge things by their names. “Cryptocurrency” is actually a problematic translation—the word virtual carries a negative meaning. Bitcoin is real digital money connected to the physical world through proof of work. Ironically, the US dollar is far more “virtual” today since it is no longer backed by gold. I may dedicate a future episode just to discussing this name.

2. 💬 Comment:

Human nature is greedy, so scams will always have a market.

🧠 Response:

I agree that humans have a greedy side, and we should assume scammers will always exist. Scams will never fully disappear. At the same time, we should also believe that humanity has long-term rationality and moral awareness. Fraud is unethical, and over time, truth tends to surface.

3. 💬 Comment:

Only physical objects have real value. Talking about crypto reminds me of The Wolf of Wall Street. People become victims when they are greedy or weak. Is human nature fundamentally evil?

🧠 Response:

Does air have value? 🌬️ Does mathematics have value? 📐 Do emotions have value? ❤️ Does a movie have value? 🎬 If someone said this 100 years ago, it would be understandable—but in today’s world, many of the most valuable things are non-physical.

4. 💬 Comment:

USDT is a scam—it just hasn’t collapsed yet. The US Treasuries behind it are themselves a Ponzi scheme.

🧠 Response:

I wouldn’t immediately call USDT a scam if it were truly 100% backed by US Treasuries. That said, US government debt itself is structurally questionable—how do you repay 38 trillion dollars? So USDT sits on top of something that is at least worth debating.

5. 💬 Comment:

The USD, RMB, and even HKD are all scams because central banks can print them freely. HKD is backed by foreign reserves—but those reserves are USD.

🧠 Response:

I completely agree. Being “backed” by another fiat currency doesn’t solve the problem. A scam supported by another scam doesn’t magically become honest.

6. 💬 Comment:

People who still hold Bitcoin won’t criticize it. The more people join this musical chairs game, the better.

🧠 Response:

Disclosure: I hold Bitcoin. ₿
I don’t see why Bitcoin should be attacked. It addresses a 5,000-year-old monetary problem and helps people escape a theft-based system. If this is a “musical chairs game,” then more participants actually mean more people waking up.

7. 💬 Comment:

Bitcoin’s biggest users are criminals because it’s easy to transfer and can’t be confiscated. The US has proven governments can confiscate it. So what value does Bitcoin really have? Gold is different.

🧠 Response:

Money itself is neutral ⚖️—both good and bad people use it. There’s no evidence that governments can arbitrarily confiscate properly secured Bitcoin. If Bitcoin were that weak, someone would have hacked Satoshi’s coins long ago. Gold’s use in jewelry is largely a by-product of its role as money.

THANKS FOR READING! 🚀

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