Why Bitcoin is a Scam
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Video Source: www.youtube.com/watch?v=0AAUrMuMPlo
In a little more than 10 years, Bitcoin has become a ubiquitous part of everyday life, and the community around Bitcoin (and other cryptocurrencies) has grown exponentially. People have gotten rich off Bitcoin, you’re told; put money in it, and you’ll get rich too. But it’s all a lie. Doug Henwood, author of Wall Street, explains. • Join us on Patreon, and help keep our videos free: / gravelinstitute • Citations are provided in the video. But we highly recommend, as an additional source, Nicholas Nassim Taleb’s “Bitcoin Black Paper”: https://www.fooledbyrandomness.com/BT.... • 0:00 The Financier’s Story • 1:09 The World of Bitcoin • 3:07 Is Bitcoin an “Investment”? • 5:04 What Bitcoin Represents • 7:15 Credits
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