A rant about this Raul Pal podcast popping up on my youtube feed and why bitcoin only, not crypto (learn why, study bitcoin):
It is important to listen and think for yourself. Especially when people are trying to sell you on their ability to predict the future.
If you listen to Raul, he is offering nothing more than ideas and predictions of the future. For example in the podcast, he claims millions of people will want to experience "digital, live concerts" and that people will want digital art. He fantasizes about digital artificial realities and claims gen z is already into it.
He insists securities laws are outdated and shouldn't apply to crypto because people are trying to "build the future".
If securities laws change, it does not change what crypto is. Crypto is a gamble where insiders and largest allocators have control of its value. The value is based on the people who join the network.
Bitcoin is nation state resistant and has proven to be so for over 15 years. No other crypto has proven to be nation state resistant. There are important technological reasons for this.
People adopt bitcoin because it is revolutionary freedom money. People in 3rd countries or war zones. People looking to save money no government can debase or censor. No other crypto has proved its ability to compare to bitcoin.
All other crypto is controllable, either by its creators, the government or the largest allocators. All crypto is a controllable casino and or someone's business.
If listen to Raul and you think critically, please ask yourself, do you want to go to a digital concert? Do you want to hang out in the metaverse? Maybe one day? I know I don't.
Maybe one day some cool virtual reality will exist, technology advancements will most likely be pretty awesome. Maybe there will be conversing or converging of minds, maybe it will be cool to feel like we are in the podcast room with the podcasters or we can virtually hang out with friends instead of FaceTime. But like all businesses and companies, it's a gamble. There is no way to know the arc of technology or a business' success. Building conviction is important. Understanding what a company does and believing in that mission is better than believing in someone's vision of the future.
The real world is pretty great and I like the idea that technology will give us more time, convenience and efficiency to life a more comfortable, free and safe life. To spend more time as we please in the real world. Not life in a metaverse.
Bitcoin is the separation of money and state ending the age old problem of humans capturing and controlling the value of money. Bitcoin frees mankind from monetary oppression. No other crypto is similar bitcoin.
Bitcoin only, not crypto, learn why, study #bitcoin
Raoul Pal's Introduction to the Exponential Age
Billionaire Michael Saylor Explains The Difference Between Bitcoin And Ethereum