Noah Kulwin, the co-host of the Blowback podcast joins to discuss the similarities and differences of cryptocurrencies like Luna and TerraUSD and the savings and loans crisis of the ’80s. The Majority Report crew discusses how cryptocurrency is presented as concrete when there is a lot we still don’t know about it. The crew also talks about crypto as an indicator of late-stage capitalism and how nothing of value is being produced in particular with NFTs and has proven to be unstable.
Watch the Majority Report live Monday–Friday at 12 p.m. EST on YouTube OR listen via daily podcast at http://www.Majority.FM
https://www.house.gov/representatives/find-your-representative
https://www.senate.gov/senators/senators-contact.htm
#MajorityReport #politics
SUPPORT the show by becoming a member: http://www.jointhemajorityreport.com/
Download TMR’s FREE app: http://www.majorityapp.com
TMR MERCH: http://www.shop.majorityreportradio.com
OTHER LINKS:
Twitch: https://www.twitch.tv/themajorityreport
Facebook: http://facebook.com/MajorityReport
Twitter: http://twitter.com/MajorityFM
Instagram: https://www.instagram.com/majorityreport.fm/
Photo by Art Rachen on Unsplash
25 Comments
Only a matter of time until it's banned Cryptobros. Just wait.
This isn't going to divert attention away from the fact Democrats are the root cause of our current hyperinflation.
Just like we predicted 18 months ago.
People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.
It's counterfeiting
I agree with dudes position, but he should stop saying y'know as much. Right wingers'll latch onto that shit and discount it on bad faith, a PR thing.
Nope
Cryptocurrencies, zombie companies, meme stocks and NFTs are the result of more than a decade of the world money supply being bloated by central banks. All examples of malinvestment.
Bitcoin > crypto
Trump has had a big, big win in court today….. the judge has ruled against the DOJ and has ordered them to release the affidavit…….
progressives in 2016: 'Donald J Trump is going to jail anyday now… you're just too dumb to realize!'
progressives in 2022: 'Donald J Trump is going to jail anyday now… you're just too dumb to realize!'
progressives in 2028: 'Donald J Trump is going to jail anyday now… you're just too dumb to realize!'
Is that a "Blade" t-shirt. Much respect my brother.
Money is an issue that everyone has for a better and luxurious life, life was hard for me until I started trading and am now earning $20,000 per week.
…and Bitcoin?
When was the last time people actually bought anything really with crypto currency?
JUST like NFTs it really is just about speculation….the actual value behind it all is of course REAL world money.
Why not just let people decide how to invest their money? If people want to invest in what you consider a "ponzi scheme" who cares? There is no ceo of bitcoin promising some huge, guaranteed returns. It's a decentralized network. Let people decide if they want to risk money on it or not. Mind your own business for once
Good evening Samuel… can you please provide us with an update on how many walls there are and how much they closing?
Asking for a friend.
I love Majority Report, but their views on crypto is pretty uniformed. There are a handful of political YouTube channels out there that are honest and are actually informative, but the other 50k aren't. Same with crypto, there are 21k crypto, but there's no way we're going to take them all serious. It's a technology class on par with the internet — look at Web3, the ownership of your own moneys, and instant payments that cost .0001$. It's revolutionary!
Lol ponzi scheme. I can tell emma does no research. Like she misses even the carbon footprint the technology if helping to dissolve. Tracking of cleaning the sea of garbage, the technology security’s security upgrade over traditional internet security, etc.
Coins with specific use cases can only increase in value with the the adoption of blockchain based technologies.
Money is man made; its something we agree we give value to.
Digital coins in game can also have real world value if enough people want it.
Take farming in mmo's for example. Its nice how its helped us see beyond the original way we use to see value and trade.
whoever came up with the term "late-stage capitalism" was a hell of an optimist
Oh look the crypto bots are here.
If you want to criticize crypto, that's fine. But at least know what you're talking about
I just remember the end of The People VS Larry Flynt in the where are they now sequence at the end it says Charles Keating is a central figure in the Lincoln Savings and Loan Scandal.
This may be the dumbest comments section on an MR video I've ever seen.