Mark is splitting hairs in this video but shares important distinctions to keep in mind when investing in crypto, which BTW does include BTC as Mark even states at the beginning of this video.
Crypto: Digital medium of exchange using cryptography on a ledger to secure transactions and to verify transfer of ownership.
https://en.wikipedia.org/wiki/Cryptocurrency
There is crypto(currency) and there are digitalassets, they are not the same thing.
While there's value here, which is why the video was posted, there are many fallacies. For example calling all other cryptos/digitalassets "distractions" (DDoS attack) from the "real" bitcoin is like saying every automobile after the Model T is a distraction. And is anybody still using the Netscape browser? Or Betamax? Or floppy disks?…WordStar and Lotus preceded Microft Word. Are MS Word or OpenOffice distractions?
There are several other cryptos that had no initial distribution or pre-mine such as Litecoin & Digibyte. This is why it is imperative to DYOR and suspect every media personality as being a potential plant or shill. Crypto is just an evolution of software and there are many use cases. Digitalassets such as Cardano (ADA), Algorand (ALGO), Polkadot (DOT), Tezos (XTZ), Zilliqa (ZIL) et. al. each have a specific use case just like most software falls into one or more niches or categories. You can't lump them all together.
With traditional equities, who gets to vote? Those who own the stock, the more shares the more votes.
Who/what is Satoshi? Many suspect bitcoin was created by a government entity or the CIA. Anyone familiar with Biblical eschatology understands crypto is most probably the gateway to the MOTB. DYOR.
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Why Crypto is a Scam But NOT Bitcoin - Mark Moss
"The Cryptocurrency markets are melting down in the aftermath of FTX and Alameda declaring bankruptcy, taking down BlockFi, and damaging many other major players like Gemini, Genesis, Crypto.com, and more! There is a lot of confusion over the entire cryptocurrency space right now, with headlines asking all types of questions, such as "Is this all a scam?" or... "Is all of this a giant Ponzi scheme?" Should government regulators shut all this down to protect people?
In some of my last videos, breaking down the FTX scam, many people have been saying “Bitcoin NOT Crypto”. What does that mean exactly? "
So in this video, I breakdown:
🔥 Why I and many others are saying Bitcoin NOT Crypto
🔥 What this really means
🔥 Why there is a massive distinction between them
🔥 How to understand this easily
🔥 How to value and measure
And of course how to protect yourself from falling into the next Crypto Scam and more, so let’s go!
Mirrored from: https://www.youtube.com/@1MarkMoss
