alexametrics

The counter argument to those that think Bitcoin is a Scam

cryptocurrency 1 month ago


Spoiler Alert: Bitcoin is NOT a Scam 00:00 Start 04:20 The Gravel Institute 06:45 My base rebuttal 10:30 What was their motivation? 11:40 Why is bitcoin not a scam 25:30 Why don't I cover more like this? 29:30 PoS, PoH, DPoS thoughts 40:00 What about Energy Use Argument? 46:30 Can Transactions only hold network? 51:50 ASICs overpriced? 59:25 Is 6k for 3x 3090 a good deal? The basic focus laid out by Gravel Institute is flawed by design. They focus only on the basic point that if you were in early, your just selling your bag to someone in the future. The encapsulation of bitcoin's token mechanic as something that is wrapped up as a meaningless nothing is completely dismissing the premise of Proof of Work and the fact you need energy and effort to secure the network. This very simple yet fundamental process is what gives bitcoin a superpower foundation of immeasurable integrity. In this livestream I try to articulate that point a few times to grasp the care factor. https://youtu.be/0AAUrMuMPlo 📚 Key Links The SPREADDDSSHEEETTT - Under GPU Testing 2021 https://docs.google.com/spreadsheets/d/138M4R1-_zS-OLBsl2VJeN_anfTSCRCFc6EguYUVG-yA/edit?usp=sharing What to Mine? https://whattomine.com/ Where to mine, pool status https://miningpoolstats.stream/ethereum For a slightly overpriced RTX 3090 https://www.parallelminer.com/?wpam_id=236 Sponsored LINK - Compass Mining https://tinyurl.com/CompassMining Sponsored Link for Simplemining.net - Hook yourself up while hooking us up! https://simplemining.net/ref?user=bbt 🎼 Background Audio → No Music 💬 Join the Discord server → https://discord.gg/JGbHE7z 👕 Check out the BitsBeTrippin merch, refresh in 2021 → Coming Soon 🌎 Follow BitsBeTrippin everywhere → Twitch - twitch.tv/bitsbetrippin → Twitter - twitter.com/bitsbetrippin #bitcoin #btc #cryptocurrency
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