I got a lot of engagement for my last video about overusing the word scam in crypto, so here is a follow up video. In essence, the word scam has a specific meaning, and simply not liking a project doesn’t make it a scam. Let’s continue to call out scams, to call out s**tcoins, and not confuse the two. Looking forward to continuing the conversation!
We need to talk about the word "Scam". There are a lot of scams in crypto, and we need to call them out. What is not helpful, however, is calling everything a scam.
Big news in Venezuela as many countries recognize opposition leader Juan Guaido as interim president. For more on the legitimacy of this recognition, see the live stream today! https://youtu.be/T3M9AznellY Regardless of what you think, Guaido is a bitcoin advocate who condemns Maduro's Petro as a disaster. A S**tcoiner vs a Bitcoiner? Could the future of Venezuela be bitcoin-friendly?
I chat to Kieran Mesquita, very early bitcoin adopter, and Julia Buchholz who started one of the very first crypto meetups in Australia, about their involvement in crypto currency and how they've seen the space evolve in Australia.
Currencies work as if the tokens of money in circulation are interchangeable with one another. This fungibility means a dollar is always worth another dollar. Bitcoin is no different. However, money can also act like a unique asset. A coin’s rarity, age, or its easiness to spend can gain or lose it additional value. How should bitcoin be treated under capital gains tax? If you sell a bitcoin that you've had less than a year that has decreased in value, is that judged differently than a bitcoin you've owned since 2012 that has increased in value? In this video, I explain how if tax laws assess bitcoin as fungible it could mean paying higher taxes than if it’s a commodity.
While on set for a feature film shoot, I quizzed a few of my fellow actor friends to see how much a person outside of the crypto world knows about bitcoin. I loved their answers :)
Ten years ago from today, Satoshi Nakamoto's vision for a scarce digital asset—bitcoin—became a reality. With it came the power the circumvent the regulations and roadblocks used by governments and banks to keep people from truly owning their money. As Erik Voorhees put it, the birth of bitcoin started “a Cambrian explosion in financial technology that is unstoppable." Today I wanted to take time to celebrate the financial autonomy bitcoin and decentralization has brought us!
Bitcoin adoption has previously come in waves. We had the wikileaks wave, the black market wave, the ICO wave. The next wave of users may well come from content creators who are currently being censored, demonetized, and deplatformed, and who could benefit from an uncensorable money. I'm excited to see what happens in 2019!
Here are my predictions for 2019, where I think the price will go, and which user base will be the next wave to move over to cryptocurrency! Let's see how accurate I am!
At Consensus Invest this year, NBTV correspondent Lambo Llama asked people what they thought of the increasing financialization of cryptocurrency, and how they think the merging of crypto and traditional finance will play out.