Actor Ben McKenzie testifies before the Senate on the dangers and pitfalls of cryptocurrency in the aftermath of the FTX collapse.
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41 Comments
The copium from the gryfto bros in the comments is astounding. "Don't listen to him, he's an actor!" Okay so that means we also shouldn't listen to the celebrities who shilled your funny Internet money too? Lol
Who is paying for him to play this role here and who wrote his script? The big banks?
"FTX was a scam, which means all crypto is a scam" – Clown
It is fascinating that people still deny crypto is utter nonsense.
So a guy that hasn't used his degree for years, let alone period, is now an expert on all things digital. Who wrote his script? If you know this so we'll, you should be able to speak this straight from the heart
Soo they hired an 'crypto expert' actor to advocate to ban crypto because one individual bought favour with the people that were supposed to regulate them? If this happened at a car company, say Chrysler or something. Should we advocate to ban Chrysler cars because they 'don't work'? I mean I am sure it wasn't the blatant corruption at the SEC. I mean crypto is apparently so bad even though every world government is scrambling to make their own. But maybe I am just a gambler/degenerate/criminal according to this guy.
This guy thinks crypto is a ponzi scheme? He will be horrified to learn about the Federal Reserve.
it is incredible that we are in 2022 and he still thinks that bitcoin and cRyPtO are the same. Bitcoin is not a good store of value? just if your time preference is too high. For me it is a perfect store of value.
Sweeping, blanket statements don't help. I agree the amount of fraud, hype and greed in this cycle was horrendous. But don't throw everything out the window. It's like saying the Internet was dead in 2001.
Another person who has no clue about the difference between technology versus hype. By his logic, Amazon, Netflix, and many other companies would be shut down because of their hype and crashes early in their investment cycles. Here’s a tip, learn about the technology at hand before feeling qualified to speak on it publicly. Having an undergraduate degree in economics means nothing if you decide to throw it out the window and think you can predict the future market cycles of a disruptive technology, without understanding the technology no less.
Just by looking at the comment section, you can find crypto bots who are engineered to attract people to exchange their real money into crypto by misinformation.
Don't trust this guy, do your own research. He clearly doesn't understand how money works. I have had several comments that gave more detail deleted from this comments section. It feels to me like something shady is going on with this video.
Fun fact ben holds a degree in economics
You go Ryan Atwood! Tired of the idiot crypto bros who are now saying “buy now because it’s going to go higher than ever!” Crypto bros must be STOPPED and many of them should be put in prison before they do more damage.
Preach Ben 🎉
Good Try Ben another actor thinking they know the market. Who wrote that 4 page script. Have you ever heard of the housing market crash, the stock market crash?
Guy must have lost big because he didn't say a thing to stop me from investing in cryptocurency. Stick to acting if anyone will still have you.
He was great in the OC
He sounds somewhat convincing here but mainly because this is only 5 minutes of a 2-hour video.
The arguments were very easily dismissed by those in favor of the technology.
One distinction that was also made clear was the difference between the technology, and the people who used it for the wrong purposes.
Crypto is not going anywhere, but there will be stricter regulations which is quite understandable.
Charles should have been up there.
Isn't Ben as big of an expert as Kevin O'leary?
This is the problem with YouTube and people like Ben. Look at the comments praising Ben on here, when the guy is an absolute fool pushing an agenda against crypto, when FTX had nothing to do with decentralization. Crypto is about decentralization, FTX was centralized. The fact that these fake accounts can come on here and try to create some sort of normative influence is ridiculous and blatantly obvious.
excited to see that crypto bubble pop and the fallout afterwards
What a hoser
We need to see a Ryan Atwood/Sam Bankman-Fried boxing match
And this is how regular ppl get BS about crypto. There is no financial system in the world that has no frauds, no scams, no money laundering and no illegal usage. Crypto is just another way to exchange assets for another assets. In my eyes the dollar is the biggest ponzi scheme, but everyone is using it so it's too big to collapse for now. Once ppl see the 80 trillion dollar hole in the world finance (more than any dollar ever created) then the system might change painfully but for good.
Tik tok next block
I don’t like bigcoin anymore.
I believe Charles Hoskinson shut this clown down at the web summit a few weeks ago. People that know little about a subject matter shouldn't be in front of congress.
Crypto is just a greater fool scam.
True words!
Sam Bankman Jailed
I wonder if he's an actor too
Lost me at ACTOR
Oh look…. yet another an "actor" is going to tell us how the world works and how WE should live our lives… /s
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Jim Gordon!
Overvalued "investment" in question? hmmm
Jim Gordon? Where is Batman?
Can’t believe I’m watching James Gordan slam crypto right now
He has a bachelor degree in economics- like he said in his testimony, a rudimentary understanding of monetary policy is all he knows. He is and foremost an actor- and probably decided to testify because he lost all his own money thinking he’d double his savings on mouse cheese coin. Come on, he’s no expert, ask him to describe the tech behind bitcoin, I doubt he could do it