The counter argument to those that think Bitcoin is a Scam

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Spoiler Alert: Bitcoin is NOT a Scam

00:00 Start
04:20 The Gravel Institute
06:45 My base rebuttal
10:30 What was their motivation?
11:40 Why is bitcoin not a scam
25:30 Why don't I cover more like this?
29:30 PoS, PoH, DPoS thoughts
40:00 What about Energy Use Argument?
46:30 Can Transactions only hold network?
51:50 ASICs overpriced?
59:25 Is 6k for 3x 3090 a good deal?

The basic focus laid out by Gravel Institute is flawed by design. They focus only on the basic point that if you were in early, your just selling your bag to someone in the future. The encapsulation of bitcoin's token mechanic as something that is wrapped up as a meaningless nothing is completely dismissing the premise of Proof of Work and the fact you need energy and effort to secure the network. This very simple yet fundamental process is what gives bitcoin a superpower foundation of immeasurable integrity. In this livestream I try to articulate that point a few times to grasp the care factor.

https://youtu.be/0AAUrMuMPlo

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