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    Cardano Guy Says Turn Off Bitcoin



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    In this video, I discuss Charles Hoskinson’s proposal to shut down Bitcoin mining and move all existing BTC to other crypto networks in the form of wrapped Bitcoin (WBTC).

    This is, of course, a terrible idea as it would neuter many of Bitcoin’s key strengths as a bearer asset that can be sent to anyone in the world, without having to ask permission or deal with censorship.

    By contrast, proof of stake networks like Cardano and Ethereum have given up control of the protocol to insiders, early beneficiaries of the pre-mines, as well as to large staking pools that are run by regulated large corporations.

    These groups can actively censor addresses and transactions at the protocol level– especially if required to do so by regulators or law enforcement.

    Capital that is staked on networks like Cardano is capital that is not being used to invest in new solar panels, wind turbines, or nuclear power plants.

    Not investment advice! Consult a financial advisor.

    Disclaimer: I don’t know Charles Hoskinson personally. I’m sure that he’s a great guy in real life. Everything that I know about him has been taken from widely available public sources on the internet. I don’t know if these allegations are true, or not– so do your own research and come to your own conclusions.

    Bitcoin is good for the environment:

    Charles Hoskinson’s thought experiment:

    BitGo:
    https://www.bitgo.com/

    Hoskinson may be making a fortune from staking ADA:
    https://mobile.twitter.com/coryklippsten/status/1433661082967547908

    Initial token allocations for public blockchains:
    https://miro.medium.com/max/1200/1*TayypeN1nRVdmikXjuy4hA.png

    This book says mean things about Charles:
    https://books.google.com/books?id=QEb8DwAAQBAJ&pg=PA166&lpg=PA166&dq=%22charles+hoskinson+would+prove+to+be+much+more+problematic+for+the+group%2C+however%22&source=bl&ots=eeSvgPJlU7&sig=ACfU3U3Rfaes_CvHDyKIDZYef2Zda2N2IA&hl=en&sa=X&ved=2ahUKEwiM-tKR3YH0AhWBK80KHWRLBMsQ6AF6BAgCEAM#v=onepage&q&f=false

    Every single crypto scammer says Bitcoin maxis are bad:

    Cardano logo looks like this:

    Is Hoskinson scamming Ethiopia?
    https://kalkassa.medium.com/shitcoin-millionaire-cardano-in-ethiopia-d81273d02eff

    Cardano and social credit scores for kids:

    I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

    My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

    #cardano
    #bitcoin
    #crypto

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    View 28 Comments

    28 Comments

    1. Trader University on

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    2. l_t_m_f on

      Its too bad you are unable to attack ideas without attacking people on your channel. Very disingenuous to say IOHK controls Cardano's consensus, we know they couldn't even force validators into a Vasil hard fork.

    4. James Bond on

      Many people are getting sucked into thinking they want the next big thing so they get rich fast and here’s where we get into a lot of trouble.

    7. lpthevolpe on

      Too late in development: ✅
      Too little interesting development in chain: ✅
      Cult of personality over tech: ✅
      Talks shit about proof of work like an establishment shill: ✅
      SJW stance about global warming ✅

      Cardano has it all!

    9. GhQsT on

      Any entity or individual that is buddy buddy with the communists at the WEF absolutely cannot be trusted… And is an ENEMY of We The People…
      It's all about 💰, control, and power for these sick, evil phucks…

    10. Randy Jones on

      I've been involved with the Bitcoin space since 2015 and it has been a long journey of self-education. The longer I'm in this space the more I'm conviced that the biggest enemies of Bitcoin are not the bankers or the politicians. Bitcoin's biggest enemies are rich shitcoiners who are constantly trying to undermine Bitcoin's adoption with their endless scams, distractions, and spurious attacks. For example, there wouldn't even be this stupid "ESG" debate about Bitcoin mining if that asshat Brad Garlinghouse had not bribed Greenpeace with millions of dollars to launch their public propaganda campaign against Bitcoin's proof-of-work mining. These shitcoiners are truly odious people.

    11. JOHN HEROD on

      All people who believe in truth are being threatened these days by bad actors. It is almost biblical.Thanks again for your work Matthew.

    12. GhQsT on

      There's nothing clean about solar and wind. This is a narrative that only stupid people believe 😏
      The facts are there. It's your fault you haven't looked for it…

    15. GhQsT on

      That tard must be a liberal. You can't be sued for slander for stating your opinions. Especially if you state it clearly…These people really are ignorant 🤯

    16. Bret Stuart on

      Interested to hear your thoughts on Kadena. I know you dislike PoS (to say the least). From what I can tell Kadena is a PoW layer 1 similar to what Ethereum used to be. This seems to be the only Layer 1 blockchain that is attempting to scale a PoW consensus. Interested to hear your opinion on this.

    18. PEPE FROG on

      What do you think of sybil resitance and decentralized identity (Everest ID is partnered with ID2020 which is backed by Rockefeller + Gates foundation). They have an MFSA VFA license (the only other one is CRO), and are making the world's only fully regulated and programmable stablecoin, working with all fiat, commodities, stocks. They have recently partnered with Bitso for US/Mexico remittances. I would love that you make a video on this. Thanks!

    19. JAIRUNET on

      Thank you very much, Matthew, thanks for always educating us and sharing wisdom. your facts are public therefore, I would not worry about the Cardano shitcoin, let's continue learning about Bitcoin the protocol, and bitcoin the asset, Charles is a lightweight, Swan, and all the bitcoin community has your back, I really mean this keep it up and until the next video.

    20. GhQsT on

      On point Sir Matt 🍻
      And as far as I'm concerned, anyone from the Deep State Establishment consistently bashing #Bitcoin is absolutely a scammy piece of shit trying to destroy our Freedom and Sovereignty..

    28. Brandon Jade on

      Matt, i was wondering something about the security of the bitcoin network. The way bitcoin is mined is the ASICS is given an output of SHA256 right? And since its built to continuously guess until it figures out that input he is then rewarded bitcoin (to my understanding I apologize if im wrong) couldnt a miner reprogram his ASICS to mine bitcoin on a bitcoin address with a large amount of btc stored in it and eventually given enough time steal this persons bitcoin since the bitcoin address is secured using SHA256 as well?

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