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2,520,271 Views • Mar 19, 2022 • Click to toggle off description
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In today’s video I’m looking into all the hype surrounding Web3, blockchain technology, NFTs, and trying to work out WHY this is all happening. The Folding Ideas video ‘Line Goes Up’ came out as I was researching this, and I found that even though we had come to the same conclusion on many aspects of this, I actually came to a different conclusion as to why I think this is all happening - and it’s much more dystopian than most people think. This technology is dangerous and could ruin people’s lives in more ways than just losing out on their investments when the bubble deflates or pops. I have found that many people on the left don’t like this technology but they’re not quite sure why - so my video focusses more on how Bitcoin in particular has strong ties to far-right extremism which was birthed out of the Great Depression in the 1930s, and how the extremely libertarian & conservative Ethereum founder, Peter Thiel, wants to harvest data for the purposes of governing society with rigid code, and he’s getting Jordan Peterson to help.
Sources: docs.google.com/document/d/1UmDHOuc7BpHUeTu8BEnb_-…
0:00 Intro
6:41 NFTs
12:17 Gary Vee's NFTs
18:16 Celebrity NFTs
19:22 Play-to-earn NFTs
23:02 NFT marketing works exactly like MLMs
26:08 Influencers and Poocoins, Securities Fraud
36:53 Cryptoland
41:22 Web2 vs Web3
43:43 Banking the Unbanked
47:12 Is it secure?
52:10 Sending money internationally?
54:39 bUt tHe FeD pRiNtS mOnEy
1:02:05 The Superbowl Crypto ads & the "Early days" argument
1:06:37 Bitcoin: The Gold Standard & Right-Wing Extremism
1:18:27 Ethereum: Peter Thiel wants your data to build a Libertarian utopia
1:33:29 Is this a bubble?
1:38:29 My Man's a Hexagon
Views : 2,520,271
Genre: Comedy
Date of upload: Mar 19, 2022 ^^
Rating : 4.793 (5,894/108,143 LTDR)
RYD date created : 2024-05-03T01:45:13.712197Z
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YouTube Comments - 13,710 Comments
Top Comments of this video!! :3
I don’t know loads about Gary Vee but what I do know doesn’t make me think “yeah, I need to check out this guy’s seafood restaurant”.
845 |
The absolute passion in this video and the unabashed disdain for Web3.0 and everything related to it is genuinely inspirational and I adore it
142 |
your access to vocabulary, and innate ability to present information with such a sharp sense of humor, is incredible! thank you for all the work you put into this. big fan!
37 |
I know logically that you must have taken breaks, but the sheer feeling of pure, unadulterated rage and contempt nonstop for over an hour and a half is honestly impressive. Subscribed.
3.2K |
Her consistent disdain for the rich and hypercapitalism is like a salve for the pure disgust I've felt for crypto and NFTs since I accidentally fell down a youtube rabbit hole.
3.5K |
Why didn't this go viral? It's some of the best content I've seen on Youtube in the last 10 years.
90 |
NFTs and the related paraphernalia are like the masculine version of MLM grifts. It’s insane. The community around it is so aggressive, delusional and toxic.
282 |
Humanity is astonishingly good at coming up with ways to kill itself
4K |
As an old person I've got to say that videos like this give me hope because the person who made it reflects the best of today's youth and they are our future. Genuinely a tour de force production.
1.8K |
I'm 7 minutes in, and I really like the style of the video. I don't know why it was recommended to me, but I definitely enjoy it so far!
Edit after fully watching: great video. You obviously put a lot of work into research but also production. A video this length that doesn't get boring is not easy, but you managed to do it. Great job. I also really enjoyed the singing, I did not expect that going into the video.
36 |
The fact that the entire internet hates Web3.0 lets me sleep at night.
438 |
"everyone in the discord is a bot or showing signs of extreme cognitive impairment so that's a great sign"
God, I love this woman
4.7K |
"those of you who don't have back problems might not remember web 1..."
Ouch...that hurts. Mostly in the lower back region, if I'm being honest.
466 |
Rewatching this in 2024 and crypto has died so hard
20 |
Oh gods that Web 1.0 recap made me feel so old.
36 |
As a professional software engineer with nearly a decade of experience... thank you.
This really hammers home what I've been trying to explain IRL for years, that the problems with the tech are fundamental, and that it crashing is the best case scenario - since "success" likely results in the kind of nightmare dystopia I used to think couldn't ever happen outside of cyberpunk novels.
And even in the event of a crash, well... as you say, a lot of these people have already been conditioned to be angry at the wrong targets in the first place.
2.2K |
I once met a silicon valley guy who genuinely thought web3 would solve all the problems in the world. Except we already have solutions for all of that but refuse to implement them...it's not a tech or innovation problem, it's always a policy problem
1.8K |
it's like i always say: the gains are privatised and the losses are socialised.
479 |
@PhantomCooper
2 years ago
Liberterians building a city in the middle of the ocean to escape government regulation is literally the plot of Bioshock LOL
19K |