Ben McKenzie
π€ SpeakerAppearances Over Time
Podcast Appearances
And the thing itself is so flimsy.
You know, what you're investing in when you're buying a cryptocurrency is just lines of code that are stored on a ledger called blockchain that don't β they bear no correlation to any real-world asset of any kind.
Unlike sharing a stock or a bond or whatever.
And they're not backed by the full faith and credit of the United States.
It's basically corporate money.
Donald Trump's coin is issued by his company, World Liberty Financial.
So we're talking about literal corporate money.
Even Bitcoin is actually corporate money in the sense that the Bitcoins that are mined
are mined now through these multi-billion dollar corporations, many of which are publicly traded.
So if corporate money sounds like a good idea to you, then, but for most of us, it would be like, that seems pretty bad.
But for men, I think there's this idea, the thing that crypto sells you on is this idea that you're gonna control your own financial future, right?
That you're not beholden to the banks, that you can have this currency, we can discuss later if it's actually a currency or not, my opinion is not, but this thing of value,
So the government has a hard time, like, if you make a bunch of money in crypto, how's the government really going to know that you made a bunch of money, right?
So it's this way of empowering yourself, but kind of outside of the law, right?
Or at least in a very sketchy gray area of the law.
And I think that appeals to a lot of guys.
I do think, I mean, I'm 47, so I'm a middle-aged dude at this point.