Ben McKenzie

Bitcoin can only do five to seven transactions a second.

These can do 24,000.

So even Sam Bankman Freed, when I interviewed him, said, yes, it doesn't work.

But don't worry, it will in the future.

It will in the future.

So Bitcoin can't do that.

Other cryptocurrencies or other blockchains are faster.

but, uh, also, you know, our, our suffer from, from hacks and from, um, you know, fundamental sort of technological issues because technology behind crypto sucks and is old, but even more fundamentally that if crypto, if money doesn't come from the government, it has to come from somewhere else.

And so where does it come from with crypto?

They don't like to talk about this, but the answer is corporations.

Uh, it's where Liberty financial in the case of Trump coin, it's even Bitcoin.

Um,

The majority of the Bitcoin that are mined today are mined by multibillion dollar corporations, many of which are publicly traded.

So if corporate money seems like a good idea to you, then you should go for crypto.

Right.

Um, I mean, it's hard to single out one single, single moment.

It was like a series of revelations to me because I approached it with, with, with good faith in the sense of like, look,

So online, in the midst of the pandemic, when I fell down this rabbit hole, I just ended up on the other side as opposed to the people that bought Bitcoin, like my buddy Dave, who tries to convince me to buy it early on.

So I'm still on the other side.

So I could be wrong.