Technocapitalism: Bitcoin, Mars, and dystopia w/Loretta Napoleoni | The Chris Hedges Report
We are living through an incipient technological revolution. AI, blockchain, cryptocurrencies, commercial space travel, and other innovations are rapidly transforming everything from the workplace to the financial architecture of the global economy. While many of these technologies hold vast potential to benefit the social good, the multinational corporations and financial oligarchy that drive innovation and own its products are solely motivated by private profit. The consequences are unfolding all around us. As technology and the power of the oligarchy advances, the misery and disenfranchisement of the majority grows. We are now in an age of "Space Barons and Techtitans", and the future they are leading us to is one of even greater exploitation, inequality, and ecological crisis. Loretta Napoleoni, author of Technocapitalism: The Rise of the New Robber Barrons and the Fight for the Common Good, joins The Chris Hedges Report to discuss the technocapitalist present and future described in her book.
Studio Production: David Hebden, Adam Coley, Cameron Granadino
Post-Production: Adam Coley
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Why are you asking for donations after canceling his show
Lol
Looks like The Real News canceled Chris Hedges.
I am no longer following The Real News Network because they cancelled The Chris Hedges Report.
Shame on therealnews for cancelling the last reason to watch this channel. This channel has gone down the toilet ever since the ouster of Paul Jay. Shame on you!
I love how informative these are. Hedges is a modern day prophet and I don’t think people truly appreciate this man’s initiative. ✊🏼
Some of us do.
One trick pony... one side or angle on all things.
🔥The Real News Network caves to Zionist pressure and fires Chris Hedges because he talked the truth about genocide! If you care about the truth, anti-war, free speech, censorship etc: unsubscribe from this channel and don’t sponsor them any where! We can’t have a genocidal country dictating what news can be viewed in America. Pass on this message!
Chris this is probably one of the most important interviews you have ever done. It is our only hope to free ourselves from a system that has continuously betrayed us.
People.....we have been "Hood Winked" again!!! To much tech "will" destroy us!
How so?
@@Macwylee Probably his hope that Bitcoin will replace the central banks. An uninflatable currency,
@@Macwylee Bitcoin gives everyone the ability to escape the dollar and dollars declining value. If bitcoin were the only currency, war would not be possible. War depends on the governments ability to print money to finance the war !
@@Macwylee Follow the money.
We need Yanis Veroufakis to explain Technofeudalism.
Amazon... They own everything, and still charge you rent to use their infrastructure. But also, steal IP from small sellers as to push them out of said market place... 😶
What makes it feudalism is that, eventually, they are the only marketplace.
YES
No we don't.
No we don't. It's self explanatory. The rich are getting richer and the poor poorer at a pace and scale like never before because of the exploitative abuse of technology.
I don't understand why praising bitcoin so much. It does not redistribute wealth, it works in a similar way to the gold standard (which was a terribly inequitable system) and by design it promotes the idea of money as a scarce resource. Honestly I think it is the worst (and most libertarian) of all cryptocurrencies.
Probably owns some BT
FCKN READ
I know it's hard to break the conditioning, but BTC does redistribute wealth. Just not the way you think. Start with reading the Bitcoin whitepaper. And hurry up.
@@agborie The white paper was just the intention like 15 years ago but reality today is different. If it was really decentralised, why so many exchanges? Let's not even talk about how many of those exchanges have been involved in fraud. Imagine you had a few thousand BTC cos you were early on it and now have tens of millions worth, try getting all that out in cash. And then where does that cash come from, it doesn't add value but takes from it. Dilutes the money supply that was born from actually valuable work. This is no different that the Moloch Money Magic known as fractional reserve lending, etc that the white paper intended for BTC to combat. It has been hijacked by the 1%, as usual.
At the end of the day Bitcoin is a speculative investment with only 1 utility: it can't be forged or illegally duplicated. It's a temporary escape from government driven inflation. It's the American dollar on the gold standard. I mean, that's why they call it mining instead of harvesting.
This woman knows nothing about bitcoin. Bitcoin is nothing more than a ledger that has a terrible transaction rate. Terrible. You cannot use bitcoin to replace currency. Bitcoin is more like gold, except at least gold has industrial usage and intrinsic beauty.
Exactly.
There was also no discussion about the absurd amount of energy required to keep the bitcoin system going.
Wrong! Just because you don't understand doesn't mean she doesn't.
🚨🚨 No coiner?? 🚨🚨
@noktilux4052 Better to use energy for good than for bad. What do you know about living without energy? Have you ever gone a day without electricity! People all over the world get none because you have so much. They can get something with this energy, at least.
“We are sleepwalking into dystopia”. That is so true. She is absolutely right.
I’d say it’s just walking Are we even asleep?
@@x100bullets too much flouride
She starts off by saying bitcoins (post 2008 meltdown) origins were suspicious but the end result is, it's great...
The opening of this video is an excellent rundown of why crypto is a scam.
Including bitcoin
To counter this Bitcoin commercial, I suggest reading the article "Cryptocurrency Might be a Path to Authoritarianism". Look into what's been happening in El Salvador under the "world's coolest dictator" and his adoption of bitcoin.
Bukule is no savior. He’s committed to pro Israel. Ironically, Bukule is Palestinian yet he does NOTHING. Anyone channel who vehemently supports El Salvador’s dystopian government is not to be trusted in terms of exposing the truth or such governments such as Bukule may rise beyond just El Salvador. Take a look at USA, the EU, Dubai, etc
You mean the article from the atlantic? ah, very very trustable ppl over there you see!
definitely a Bitcoin commercial. disappointing
How is bitcoin acquired in the first place.. and if having it can be used to make money, doesn’t that defeat the purpose of having it in the first place? The fact that it’s one of the least used currencies speaks to the lack of usefulness and the futility of investing in something that only exists in the online world and could disappear with the flip of a switch.
I prefere tulips. At least it's a tangible investment game.
I suggest doing some research into Bitcoin. It's a bit too much to explain in a you tube comment but it's not that difficult. It can be sold for money but cannot be used to "make money". The Bitcoin network may be the most secure network eve made. Every transaction is publically viewable. No one controls the network, it cannot be shutdown unless you switch off the entire internet. Even then, as soon as the internet fires back up the network will continue from where it was
@@patrickkalin4437 The person who Chris was interviewing said it could be used to make money, and like any other commodity, if you buy low and sell high, you CAN make money; but it takes money to get started, and until I GET some, I’ll just keep using the real thing. But thanks anyway. 🙏🏽
@@menudobucket9837 of course anything you can buy and sell you can make money out of.
@@menudobucket9837 just like any investment you can buy low and sell high. For some reason I had images about holding Bitcoin and that giving you the ability to "print money" so to speak, how daft. It can be loaned out for a yield but I'd not recommend that. Once you take personal custody of your Bitcoin it's impossible to seize unlike equities or money in the bank. But just like "money" the only thing giving it value is the belief in it. Unlike money it cannot be printed
how come Chris Hedges and Yanis Varoufakis haven't hooked up yet for a conversation? not only to discuss his recent book about technofeudalism but all kinds of other stuff too. they are probably the 2 most important and prominent figures of the left in the Western world.
Couldn't agree more, Chris is the reason I'm involved with DiEM25 and Varoufakis is the leader of it and I've wondered the same thing numerous times.
But if people are selling you the fake left-right paradigme they are de facto working for the "Divide and conqourers"
@@DRS659 We don't know if either of them haven't hooked up. If they did however, it wouldn't be for entertainment values.
@@peterboytRaKs by "entertainment value" I'll assume you mean broadcast, which is the context of our conversation...thanks for participating in it...
@@DRS659 Glad to be part of the conversation. Thanks. I do not mean broadcast entertainment. I meant to specify informational values. More specifically, these video casts/podcasts do not come under the definition of 'broadcasting'. Because they are not 'broadcasted'. I don't believe that term applies to online communications. I could be wrong however. That said, my own reasons for participating here are for informational specific reasons. But that's just me. Others may be 'entertained' by these videos. That's OK too I guess.
i can't believe i just listened to her say nothing, albeit, in a profound tone for an hour. bitcoin is just a continuation and manifestation of the same problems we have now except it's digital.
Why does Hedges have a bitcoin promoter on the show? Won't the people w/ the most bitcoin just become the new robber barrons/oligarchy?
yeah i thought at first maybe she was explaining "according to bitcoiners/this is their pitch" but no, she's a true believer...weird
If Hedges' had more background into cryptocurrency he would have shut this transparent shilling nonsense down ASAP.
Bitcoin has been readily avaialable for years now. You only have youself to blame if you haven't invested yet. It's not too late though
I think you'll find the tulip mania lasted only around 1 yeat before prices stabalised. Bitcoin has been steadily rising for around 15 years and like most other asset classes has experienced bull and bear markets. Volatility has decreased as the asset has matured and is somewhat correlated to the stock market, tech stocks in particular.
@@patrickkalin4437 If thriving and being part of the future of humanity depends on me buying into a crypto currency, that's a future I'm okay that I'm left out of. I personally couldn't imagine how a caring, humane, or decent future can come out of a reality where people were left out because they didn't buy into bitcoin. Sounds quite dystopian and not much of a change from the current divisive issues w/ fiat currency. imo, If there is a future for crypto in a just world (and I do think there could be one for gov't backed digital currency), your value shouldn't be determined as to when you 'bought in', that sounds like an authoritarian scam, not a democratic society.
bitcoin in current use just helps the rich be unaccountable. Without major changes
Have you heard of "offshore banking?" Americans have their own "offshore" site. It's Joe Biden's lovely little Delaware. The rich don't need bitcoin or any crypto currency to keep their wealth.
Right, NFT art was only a thing cos they were scared that their tax evasion art pieces will be taxed so they needed to find a way to keep avoiding taxes.
Bitcoin is a scam. I'm hoping this video addresses that, but 11 minutes in and it's a bad start. Edit. She makes some good points eventually but a lot of bad ones along the way.
It was like listening to yet another crypto grifter spieling nonsense. For those of us with the knowledge, we realize its entirety and inherently all a scam.
What causes you to say Bitcoin is a scam?
@@donho526 There are a lot of people who can't wrap their minds around the idea of eliminating central banks and other benefits. If they can't understand it, it must be a scam.
You need to study Bitcoin for much more than 15 mins before you understand what it is. From your conclusion I can already tell you don't know much about Bitcoin at all. The bond market, USD, and all the other fiat trash are the real scam, the real shitcoins.
Yeah I turned it off 2 minutes in and just checked out the comments section . I don’t think I’m missing anything.
There is no line between government and corporations in regard to data collection and many things.
Except that corporations are more adept at persuading us to disclose ourselves to them. By comparison, governments are still amateurs - plus, people are more wary of them when it comes to self-disclosure.
Did you know just with our current technology we can make higher learning, knowledge and sources free for anyone with Internet access? We do, so why don't we? We has the price of college and universities sky rocketed higher?
Capitalism and greed. It's always capitalism and greed.
@@tomh5094yep! There's something wrong with a society that hordes knowledge only for those who can afford it and puts those who can't into debt and servitude. Then again, we're talking about the same society who, even though has the cure, will let its own citizens die if they can't afford a handful of pills or afford some routine surgery.
Internet 2.0 Technosocialism empowering the people , no corporations no oligarchs just collective people power (Also, beautiful name Loretta) Love to you all
By Socialism do you really mean feudalism?
So you create currencies and markets that do not exist in nature and proceed to chase after them as if they are separate from you. You haven't suffered enough yet, but you will.
Now is the perfect time to start buying stocks and crypto( BTC, ETH,) if you are just being introduced.. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Kerrie Farrell for helping me get into her trading server and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some weeks I was making a lot more money and have continued on that same path with...
She is KerrieFarrell in TE L E G R AM..
I agree with you and i believe that the secret to financial stability is having the right investment ideas to enable you earn more..
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades...
Nice, I was just hodling before I found Kerrie. In my opinion she is the very best out there..
Always backup your trading with a good strategy..
Great important interview Chris and book Loretta
"The low Earth orbit still has a little bit of gravity; so you're not completely out of gravity." I don't think so! In any orbiting object, the gravitational force is balanced by the centripetal force unless acted upon by an external force applied to the spacecraft (e.g. thruster, impact by an external object, breaching the atmosphere); otherwise it contravenes Newton's second law. It makes me wonder how much of Napoleoni's narrative is also BS? I do appreciate all the great work Chris Hedges does presenting his Real News videos that inform and educate, but there appears to be some holes in this one.
Stripping the state of power sounds like a noble pursuit.
And who do you suggest that power be transferred to? Unaccountable corporations run by the likes of Besos, Musk and their likes? The real solution is for the people to seize State power from politicians bought and paid for by the likes of Besos, Musk and other powerful, unaccountable corporate interests. So no Scott, stripping the state of power is not " a noble thing. " The truly noble thing is to strip State power from the hands of these unaccountable and malovelent interests. That's the truly noble thing to do Scotty, my boy.
Fine. But only the rich can buy it now. Also if its traded it can be manipulated?
Really hard to manipulate the trade of Bitcoin when the ledger is public and distributed, and anyone can see the bitcoin balance of an exchange or fund, and no barrier exists to any company willing to participate in the market. Note that our governments are doing everything they can to keep exchanges tightly controlled by Wall Street. People can own the asset, and it is very, very hard for governments and industry to strip Bitccoin/crypto from the people who hold those assets. The danger to Bitcoin is not corporations because they can't break cryptography. But Bitcoin and its users can be run down by the force of governments. Governments are controlled by either socialists or corporate interests. Only limiting government influences by the incentives created by Bitcoin and the whole crypto sector gives us hope.
@@paulsnow How many in the general population actually UNDERSTAND Bitcoin? Maybe 0.005%. So who's actually going to benefit from Bitcoin? The Miners? And, What was created by the human mind can be undone by the human mind, AI notwithstanding. There is no perfect scheme.
@@oswarz once its mine'd they are the feudal lords if its the main currrency
@@dannydenison6253 doesn't help the peasants any, does it. And THIS time around, those lords won't need the peasants (they think). Life and humanity has a way of surprising peope like that.
@oswarz far far far fewer people understand the western financial system of central banks. Maybe nobody does. That doesn't stop anyone from using it. In contrast, Bitcoin CAN be understood and can be used by anyone. What can't be done is hide bitcoin balances if you are a large holder. Consider the new Spot ETFs of Bitcoin. We already know the Bitcoin balances of every new Spot ETF, even if they never disclosed or reported those balances. Crypto analysts just looked on the blockchain and figured it out. Can anyone just audit a Gold Spot ETF? Or any other Spot ETF (that's not crypto)? No. That's the power of Bitcoin. Transparency of large organizations through the public ledger.
I LOVED this. Fascinating. Must stop those exploitating in ALL forms
You are BRAVE. When will all of us become like you? Thank you for the truth! ✊👍🙏
Very insightful and wise! People of the world, rise! ✊✊✊
One of the best descriptions of bitcoin and cryptocurrency I have heard. Satoshi, bitcoin’s founder, cannot be arrested because his identity is unknown. This is why bitcoin cannot be stopped 😂😂 This is an amazing turn of events, it’s hard for the average person to understand its significance
Every time I decide to pause on buying books....I watch Chris. Just bought Technocapitalism from Bookshop, not Amazon.
I don't know much about bitcoin but I wanted to comment about her statements regarding lithium batteries in Tesla. The batteries are designed well enough to withstand cold temperatures but the car range is reduced. It's really not a big deal as the performance ramps back up once it's warm.
Cruella Deville has made my brain hurt. Thanks Chris.
Bitcoin is continuing the same problem. It is not a solution. We are capable of creating more than enough stuff, and food, for every woman and man on this planet. There is much work to reach that goal. Once there, less than 10% of the population would be needed to maintain everything. It is happening as I typed this. It has been happening for quite some time.
No, we aren't. Overshoot Day was August 2nd last year. You cannot have infinite growth on a finite planet.
In 1898, 60 to 70% of the workforce was dedicated to the production of food. Currently, it is less than 5%. That means the workforce today is less than half the size of 1898. Doing more with less is not limited to just food. What is the problem? Distribution. You have to take one more thing into account, the monetary system is a behavioral disorder. If aliens came by our planet and took every ounce of gold and silver, we would still have all the same problems. Since we are unwilling to educate our sons and daughters, it is hopeless. It doesn’t have to be.
I have watched a lot of videos about Bitcoin and still don't get it. Can I go into my local store and buy something with Bitcoin? - NO. How can you have a currency based on the solving of mathematical formulas? It all sounds a bit crazy to me.
I have watched a few videos where people try to explain bitcoin or crypto currencies and I have yet to gain any understanding of it.
Thank you Chris! I had an experience with some of these guys about 12 years ago. They are heartless. I could feel what she is making explicit. Quite useful to language experience. Great work. I appreciate your contribution.
Will price of bitcoin go up or down in price come May? When it’s cut in half to control inflation
Great introduction, Mr Hedges😊
انا اختكم من اليمن والله ماتكلمت الا من جوع ومن ضيق الحال انا وامي وخواتي نحن في حاله لا يعلم بها الا الله حسبنا الله ونعم الوكيل في من اوصلنا الى هاذا الحال وًّالَلَهَ الَعَظَيَمَ مَا كتَبَتَ هَذا الَمَنَاشَدَهَ غَيَرَ مَنَ الَضَيَقَ وّالَفَقَر يَاعَالَمَ حَسَوّا فَيَنَا ارَجَوّكمَ وّالَلَهَ الَعَظَيَمَ رَبَ الَعَرَشَ الَعَظَيَمَ انَه الَاكلَ مَا فَيَ عَنَدَيَ بَالَبَيَتَ وًّالَلَهَ يَا اخَوّانَيَ انَهَ اخَوًّنَيَ بَقَعَدَوًّ بَالَيَوًّمَيَنَ مَافَى اكلَ وًّالَلَهَ وًّضَعَنَا كثَيَرَ صَعَبَ نَحَنَ 6 نَفَرَ دَاخَلَ الَبَيَتَ وًّابَيَ مَتَوًّفَيَ وًّلَا يَوًّجَدَ مَنَ يَعَوًّلَ عَلَيَنَا وًّسَاكنَيَنَ فَيَ بَيَتَ اجَارَ لَانَسَتَطَيَعَ دَفَعَ الَاجَارَ الَلَيَ بَاقَيَ عَلَيَنَا ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' اخي اول كلامي انا اقسم بالله على كتاب الله اني لااكذب عليك ولا انصب ولا احتال اني بنت يمنيه نازحين انا واسرتي بيننا ایت الشهرب 15 الف يمني والان علينا 45 الف حق 3 شهور وصاحب البيت من الناس الي ماترحم والله يا اخي انه يجي كل يوم يبهدلنا ويتكلم علينا ويريد من البيت للشارع لانناماقدرنا ندفعله الأجار شافونا الجيران نبكي ورجعو تكلمو الجيران ومهلنالاخره الأسبوع معادفعنا له حلف يمين بالله هذا بيخرجنا إلى الشارع رحمه واحنا. بلادنا بسبب هذا الحرب ولانجد قوت يومنا وعايشين اناوامي واخوتي سفار والدنا متوفي الله يرحمه ومامعنا أحد في هذا الدنيا جاانبنا في هذه الظروف القاسيه خواتي الصغار خرجو للشارع وشافو الجيران ياكلو واوقفو عند بابهم لجل يعطوهم ولو كسره خبز والله الذي له ملك السموات والارض انهم غلفو الباب وطردوهم ورجعو یبکو ایموتو من الجوع ما احد رحمهم وعطلة ردها لقمت عیش والان لوما احدنا ساعدنا في إيكيلو دقيق اقسم بالله انموت من الجوع فيا اخي انا دخيله على الله ثم عليك واريد منك المساعده لوجه الله انشدك بالله تحب الخير واتساعدني بقدر استطاعتك مع تراسلي واتساب على هذا الرقم00967717415667 وتطلب اسم بطاقتي وترسلي ولاتتاخر وايعوضك الله بكل خير اخواني سغار شوف كيف حالتهم وساعدنا وأنقذنا قبل أن يطردونا في الشارع تتبهدل أو نموت من الجوع وانا واسرتي نسالك بالله لولك مقدره على مساعد لاتتاخر علينا وجزاك الله خيرا`°`^``{`}|π√`^~÷،،،
Virtual currencies are just that. I prefere tulips. At least, they're tangible.
Most optimistic channel on KZhead.
She is awesome. I would love to be her student 🎉
On these techno topics I recall when Hedges was on RT and had guests like Natasha Dow Schull (from MIT at the time ) on how technolgy is designed to manipulate. Also a woman, Helen Byniski who told some truth about wikipedia and how that is skewed-- not on chemistry or some such, but on topics and important figures of the day.
Thank you 🙏🏼
Very important interview. Thank you Chris and Loretta. The challenges facing humanity are immense.
Who ever control the production of electricity, will ultimatley control EVERY cryptocurrency. Period!
Great report!
THIS IS THE BEST SHIT EVER!!! The elite are going to shut down this channel just like what happened to the previous channel -- On Contact 😢😢
Yup. Dissent will become illegal soon
We gave up our freedom for the all powerful & all seeing God in the cloud that knows all that we say & all that it programs us to do!
Empower the people by making it so unaffordable, realky?
yea its just a get rich for the people rich enough to get in early
You do realize you don't need to buy a full bitcoin, right? It's highly divisible.
We have to create balance & shut off the tech which is creating more isolation & weaponizing everything⚖️ Go back to living🌱🐝🦉🐬
Thank you for this, Chris. I'm been an admirer of yours for years. You do a lot of very good work. For everybody, I think the only way you can really fight back is to ditch the ball-and-chain. Go back to a flip phone if you have to have mobile communications at all for any reason. The more people give it up, which I know is very hard right now, the easier it will be for others. Two-step authentication? Find someone else to do business with. Yes, it's hard. The people who are most concerned about this, such as Diana Kordas, who has been documenting the impact of 4G and 5G on farming and the environment on the Greek island of Samos, are now boycotting mobile communications altogether, i.e., not even calling cellphone numbers. It's a growing crisis.
Excellent presentation Chris, but all these techno gurus and the defense department care.about is the maximization of profits.
Super excellent episode 👏 I'm glad there are people informing the politically left-leaning about the many benefits blockchain technology
Hopefully the detriments too. In regards to social impact investing and tokenomics
There are no redeemable qualities.
Do you think there could possibly be any more negative blockchain coverage from MSM @dl1361?
There’s a book that goes into Uber and it’s hustle called “Uberland” by Christina Rosenblatt which is a good read and a good follow to this video
There's so many books and never anything that comes of them. I just get more annoyed and less tolerant of my family and people in my vicinity, with each one I read. The world is broken and so many people are busy fighting culture wars while the world burns. I can't even send this video to friends because they wouldn't know what to do with this information. So many people need educating but I've got a lot of hope for future generations, assuming we can actually stop the planet from killing us.
@@tomh5094 sorry you feel that way but I do know the alternative is even worse
Very Very good interview and subject
That was great, thank you both ❤
This is a great show! you must have her on again David
As a bear of very little brain, I found no answer in Loretta's explanation of bitcoin to this question: I invest say $100 in a cryptocurrency, expecting to be able to use it as I do 'real' $. I go into a pizza parlor, order, then want to pay in cryptocurrency. How? What's the equivalent of a credit/debit card or real cash, and how is it turned over to the vendor? Now, if I change my mind about the investment, how do I get my $100 back in cold hard cash - or even transfer to my regular bank account? Also I don't see it as inflation proof. A seller just has to raise their price, have me fork over more bitcoin, at the seller's choice of price. Maybe all this has simple answers, but I couldn't find them.
I appreciate this. Yanis Varoufakis' recent book ties into to this.
Very important interview. Fantastic guest.
15 minutes in and I'm still listening to this lady hyping Bitcoin like it's 2017
yeah, I feel like Napoleoni got red-pilled by "The Bitcoin Standard" and stopped there. I'm 10 minutes in, but have already had to listen to her completely screw up the description of "proof of work". She keeps saying "complex" when she means "laborious".
@@mvonballmo glad i'm not the only one to catch that. POS is actually more accessible now that you need to invest 100s of 1000s of dollars into mining equipment, much more than staking. also, absolutely no mention of the ecological impact of mining farms...
Thanks!
Not Natoshi Sakamato. It was Satoshi Nakamoto.
Excellent. Making people think.
The USD has the implied support of the US (meaning the US economy as an ongoing enterprise). It is also the principal settlement currency for oil contracts. Most USD circulates outside of the US (petrodollars). It’s just disingenuous to equate this with arbitrary “trust” in cyber or other currencies.
A lot of Tucker Carlson on Joe Rogan was about this nightmare. Our leaders are old and out of touch and have no business running things this deep into the techno future.
Chris Hedges should go through the "German School of National Economics" f.ex. Friedrich List, Prof. Dr. Richard Werner. (what was originally the old days "True American Economics" of f.ex. Hamilton, Lincoln. Kennedy tried and died), to not let him being fooled by the Masters of the Universe and their useful idiots.
These bitcoin bulls always make me laugh. Putting the cart before the horse. Bitcoin is no threat to the state. The state is the threat to everything & everyone.
Lots of people are not able to survive NOW.
Smash LIKE!
Outstanding as always. Much Respect. ONELOVE.
We need a way to opt out of the digital prison.
thanks
Chris Hedges is one of my heroes. Now that his show has been cancelled, I am unsubscribing from the channel.
Good thing she found an opportunity to say Satoshi Nakamoto a second time so she could say it properly. If anyone who doesn’t know what Bitcoin is listens to this woman explaining it and gets it, I’ll give them a cookie. I know what it is and how it works and her explanation made my head hurt.
Could you be more specific? The concept behind Bitcoin is brilliantly simple and just as brilliantly subversive. Therein lies the question, but that may do more than just make your head hurt,
"We're sleepwalking into dystopia", that sums it up quite well.
Thanks
Whitney Webb should come on and explain cryptocurrency… her take is so much deeper
BTC is a gift to the world. Data harvesting, coupled with neurology, is how governments manufacture consent.
There is no discussing bitcoin without at least mentioning it‘s environmental impact vis a vis how ridiculous the idea is that you can run a graphics cars (I.e. burning fuel) to compete for solving an equation which will then reward you with a unit of currency. As much as I agree with Loretta on most everything else, I gotta say fail on that part
Bitcoin is protected against speculation and allows to make much money for investors. How make this sense.
Whitney Webb…also is knowledgeable about this topic. 👍
newsflash: Bitcoin and its competing crypto… somethings are not currencies; rather, they are virtual assets whose natural value is zero. They are speculative instruments denominated in sovereign currencies such as the Euro or, most commonly, the $US.While there are pure exchanges in which this speculative asset is swapped for commodities, this is not the most common form of transaction. If and when this fictitious asset is used to pay tax in a country (not El Salvador, but a country with hard currency at the moment) then we’ll know a line has been crossed. Until then, by all means speculate in Bitcoin but treat it more like highly volatile and risky common shares and junk bonds,
Wow. Scary stuff that we see happening
Gold and Silver Baby 🤠 👋
Bitcoin is the paving the way for central or commercial bank digital currencies and the social impact investment model for the circular economy that’s also the sustainable future goals strategy
Where is the warning sign, that we partly se here a commercial for BC?
42.6% was the percentage taken out, by Uber, this past week here, April ‘24, in the Greater Orlando area & I’m averaging around $17 USD before gas, which is minimum wage here in Florida! Unfortunately I’m handicapped & my options for work are limited, so it does have it’s advantages that way, but it’s not sustainable $$ income for the long run, especially living day to day! Also, as an Ex-Lifelong (30+ years) Democrat, & now Independent voter since March ‘21,…I must say “Let’s Go Brandon!” 🖕🏼 FJB
As a smart contract developer working in the Ethereum community, I am disappointed by this explanation of crypto, and clearly Napoleoni is a Bitcoin Maxi that supports classic crypto-libertarian narratives. I would be happy to do an interview just to clarify some of this if that is of interest to the viewers of this show and provide a wider range of examples of how crypto / decentralized ledger technology can be used to build a parallel post-capitalist economic sociopolitical infrastructure within the confines of our current situation.
Should we not worry, that most BC are owned by big investors. Amsterdam Tulip crash.
Killing me softly....
Technology addiction is not freedom
Oh, PLEASE!!!!!! NO STOP !!!!!!!!! No crypto No Crypto!!!!!!
Bitcoin is inherently inefficient and resource (power) intensive particularly as it grows -- as more and more computer power is required to perform redundant calculations. Not a good solution.
Correct. Another gambling casino is definitely NOT a good solution.
That's why the Bitcoin network security is superior by far to any other network. The second most secure network ever created thinks it's first because it's so far behind. The hash power is going up exponentially as it should. The Bitcoin network has never missed a beat for 15 years, never hacked, no downtime, can't be threatened by some government or crooked actor and their fu#k up politics, a system with immutable rules and no rulers that's what you want!
Well, that cleared that up…..I get what the idea was but it now sounds like a scam to me.
Most currency in the hands of the elite is in fact a scam, because the elite can manipulate the market in their favor. There is nothing sacred when you have 6 men who control the majority of the wealth on this planet.
Sweety, I think you are trying to say Bitcoin is a public ledger.
Was there a Tartaria?
Is Iraqi Denar RV a scam? has it already happened?
Did she said that Bitcoin was invented by Natoshi Nakmodo?
This is not quite as bad as the internet is a series of tubes..... but it is close.
I wonder if she will estimate the amount of energy, BC will consume if in ten years a big chunk of the population will use it. As I heard, with every transaction, the blockchain gets longer, and the next transaction consumes more energy than the previous. Will it blow up the power grid in most parts of the world. Here in Germany we will prosumedly be allowed to make transactions only the hours, when the sun shines hot, or the wind blows ideally.