Bitcoin Has No Future?

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In this video, I discuss possible explanations for why prominent crypto entrepreneurs like Sam Bankman-Fried and Brian Armstrong are constantly bad-mouthing Bitcoin, its consensus mechanism of proof of work, and its energy usage.

There are two main reasons:

1) Both men run altcoin/shipcoin casinos and profit from retail traders bleeding themselves dry trading things like $LUNA.

2) Both men understand that proof of stake gives exchanges extraordinary power over the protocol.

Proof of work has no such properties-- it is highly competitive, the miner set is constantly changing, and having more coins does not give you additional power over the protocol.

Proof of stake coins give too much power to exchanges and ETFs, and thus create a large attack surface for politicians and regulators.

Only proof of work can guarantee decentralization and neutrality.

Shipcoins and proof of stake are two ways that our fiat overlords are trying to stop the Bitcoin revolution.

Not investment advice! Consult a financial advisor.

Bitcoin and the Electricity Police:
https://www.youtube.com/watch?v=lZ6FLh7z40U&ab_channel=TraderUniversity

Why Bitcoin Is So Good For The Environment:
https://www.youtube.com/watch?v=RHqPw2rE6C4&ab_channel=TraderUniversity

Sam Bankman-Fried:
https://en.wikipedia.org/wiki/Sam_Bankman-Fried

Bitcoin has no future as a payments network, says FTX chief:
https://www.ft.com/content/02cad9b8-e2eb-43d4-8c18-2e9d34b443fe

Chris Larsen of Ripple also doesn't like proof of work:
https://www.bloomberg.com/news/articles/2022-03-29/greenpeace-crypto-billionaire-lobby-to-change-bitcoin-s-code

SEC sues Chris Larsen:
https://www.sec.gov/news/press-release/2020-338

FTX lists $LUNA:
https://twitter.com/terralunadaily/status/1498323152274923525

SBF defends Do Kwon:
https://presstories.com/2022/05/15/ftx-sam-bankman-fried-defends-terra-founder-do-kwon-ftx-luna-sam-bankman-fried/

SBF cozying up to establishment:
https://imageio.forbes.com/specials-images/imageserve/6271910b6c295122076b4151/0x0.jpg?format=jpg&width=1200

Ethereum 2.0 Exposed:
https://www.youtube.com/watch?v=e5ZlZ6Xfrqc&ab_channel=TraderUniversity

Brian Armstrong used to hate shipcoins:
https://www.financemagnates.com/cryptocurrency/news/coinbase-ceo-brian-armstrong-we-should-focus-more-on-bitcoin-and-sidechains-less-on-altcoins/

Why did SBF fail to mention the Lightning Network?
https://twitter.com/PrestonPysh/status/1526167429256298498

Lightning Network has tremendous throughput:
https://twitter.com/Blockstream/status/1502115599874359297

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#proofofwork
#proofofstake

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