The Real News is an independent, viewer-supported, radical media network. Help us continue producing The Chris Hedges Report by following us and making a small donation: Donate to TRNN: therealnews.com/donate-yt-chr Sign up for our newsletter: therealnews.com/nl-yt-chr
Shame on therealnews for cancelling the last reason to watch this channel. This channel has gone down the toilet ever since the ouster of Paul Jay. Shame on you!
🔥The Real News Network caves to Zionist pressure and fires Chris Hedges because he talked the truth about genocide! If you care about the truth, anti-war, free speech, censorship etc: unsubscribe from this channel and don’t sponsor them any where! We can’t have a genocidal country dictating what news can be viewed in America. Pass on this message!
Chris this is probably one of the most important interviews you have ever done. It is our only hope to free ourselves from a system that has continuously betrayed us.
@@Macwylee Bitcoin gives everyone the ability to escape the dollar and dollars declining value. If bitcoin were the only currency, war would not be possible. War depends on the governments ability to print money to finance the war !
Amazon... They own everything, and still charge you rent to use their infrastructure. But also, steal IP from small sellers as to push them out of said market place... 😶
No we don't. It's self explanatory. The rich are getting richer and the poor poorer at a pace and scale like never before because of the exploitative abuse of technology.
To counter this Bitcoin commercial, I suggest reading the article "Cryptocurrency Might be a Path to Authoritarianism". Look into what's been happening in El Salvador under the "world's coolest dictator" and his adoption of bitcoin.
If you saved in USD to buy a house for the last 4 years the house got twice as expensive. If you saved in Bitcoin the house price was cut in half. This is what happens when your government fucks you with money printing. Bitcoin unfucks you.
Bukule is no savior. He’s committed to pro Israel. Ironically, Bukule is Palestinian yet he does NOTHING. Anyone channel who vehemently supports El Salvador’s dystopian government is not to be trusted in terms of exposing the truth or such governments such as Bukule may rise beyond just El Salvador. Take a look at USA, the EU, Dubai, etc
i can't believe i just listened to her say nothing, albeit, in a profound tone for an hour. bitcoin is just a continuation and manifestation of the same problems we have now except it's digital.
I don't understand why praising bitcoin so much. It does not redistribute wealth, it works in a similar way to the gold standard (which was a terribly inequitable system) and by design it promotes the idea of money as a scarce resource. Honestly I think it is the worst (and most libertarian) of all cryptocurrencies.
I know it's hard to break the conditioning, but BTC does redistribute wealth. Just not the way you think. Start with reading the Bitcoin whitepaper. And hurry up.
@@agborie The white paper was just the intention like 15 years ago but reality today is different. If it was really decentralised, why so many exchanges? Let's not even talk about how many of those exchanges have been involved in fraud. Imagine you had a few thousand BTC cos you were early on it and now have tens of millions worth, try getting all that out in cash. And then where does that cash come from, it doesn't add value but takes from it. Dilutes the money supply that was born from actually valuable work. This is no different that the Moloch Money Magic known as fractional reserve lending, etc that the white paper intended for BTC to combat. It has been hijacked by the 1%, as usual.
At the end of the day Bitcoin is a speculative investment with only 1 utility: it can't be forged or illegally duplicated. It's a temporary escape from government driven inflation. It's the American dollar on the gold standard. I mean, that's why they call it mining instead of harvesting.
Have you heard of "offshore banking?" Americans have their own "offshore" site. It's Joe Biden's lovely little Delaware. The rich don't need bitcoin or any crypto currency to keep their wealth.
Right, NFT art was only a thing cos they were scared that their tax evasion art pieces will be taxed so they needed to find a way to keep avoiding taxes.
Internet 2.0 Technosocialism empowering the people , no corporations no oligarchs just collective people power (Also, beautiful name Loretta) Love to you all
How is bitcoin acquired in the first place.. and if having it can be used to make money, doesn’t that defeat the purpose of having it in the first place? The fact that it’s one of the least used currencies speaks to the lack of usefulness and the futility of investing in something that only exists in the online world and could disappear with the flip of a switch.
I suggest doing some research into Bitcoin. It's a bit too much to explain in a you tube comment but it's not that difficult. It can be sold for money but cannot be used to "make money". The Bitcoin network may be the most secure network eve made. Every transaction is publically viewable. No one controls the network, it cannot be shutdown unless you switch off the entire internet. Even then, as soon as the internet fires back up the network will continue from where it was
@@patrickkalin4437 The person who Chris was interviewing said it could be used to make money, and like any other commodity, if you buy low and sell high, you CAN make money; but it takes money to get started, and until I GET some, I’ll just keep using the real thing. But thanks anyway. 🙏🏽
@@menudobucket9837 just like any investment you can buy low and sell high. For some reason I had images about holding Bitcoin and that giving you the ability to "print money" so to speak, how daft. It can be loaned out for a yield but I'd not recommend that. Once you take personal custody of your Bitcoin it's impossible to seize unlike equities or money in the bank. But just like "money" the only thing giving it value is the belief in it. Unlike money it cannot be printed
how come Chris Hedges and Yanis Varoufakis haven't hooked up yet for a conversation? not only to discuss his recent book about technofeudalism but all kinds of other stuff too. they are probably the 2 most important and prominent figures of the left in the Western world.
@@DRS659 Glad to be part of the conversation. Thanks. I do not mean broadcast entertainment. I meant to specify informational values. More specifically, these video casts/podcasts do not come under the definition of 'broadcasting'. Because they are not 'broadcasted'. I don't believe that term applies to online communications. I could be wrong however. That said, my own reasons for participating here are for informational specific reasons. But that's just me. Others may be 'entertained' by these videos. That's OK too I guess.
This woman knows nothing about bitcoin. Bitcoin is nothing more than a ledger that has a terrible transaction rate. Terrible. You cannot use bitcoin to replace currency. Bitcoin is more like gold, except at least gold has industrial usage and intrinsic beauty.
@noktilux4052 Better to use energy for good than for bad. What do you know about living without energy? Have you ever gone a day without electricity! People all over the world get none because you have so much. They can get something with this energy, at least.
Thank you Chris! I had an experience with some of these guys about 12 years ago. They are heartless. I could feel what she is making explicit. Quite useful to language experience. Great work. I appreciate your contribution.
Thank you for this, Chris. I'm been an admirer of yours for years. You do a lot of very good work. For everybody, I think the only way you can really fight back is to ditch the ball-and-chain. Go back to a flip phone if you have to have mobile communications at all for any reason. The more people give it up, which I know is very hard right now, the easier it will be for others. Two-step authentication? Find someone else to do business with. Yes, it's hard. The people who are most concerned about this, such as Diana Kordas, who has been documenting the impact of 4G and 5G on farming and the environment on the Greek island of Samos, are now boycotting mobile communications altogether, i.e., not even calling cellphone numbers. It's a growing crisis.
Bitcoin is a scam. I'm hoping this video addresses that, but 11 minutes in and it's a bad start. Edit. She makes some good points eventually but a lot of bad ones along the way.
@@donho526 There are a lot of people who can't wrap their minds around the idea of eliminating central banks and other benefits. If they can't understand it, it must be a scam.
You need to study Bitcoin for much more than 15 mins before you understand what it is. From your conclusion I can already tell you don't know much about Bitcoin at all. The bond market, USD, and all the other fiat trash are the real scam, the real shitcoins.
@@howardlee9097 The need to study it to understand it makes it useless as a currency. Yes, this argument also applies to fiat currencies. You cannot solve problems using currencies, that's not what currencies are for. Money is an expression of trust in the status quo, it is not the actual trust. You cannot change the taste of a meal by drawing on the menu with a pencil.
I think you'll find the tulip mania lasted only around 1 yeat before prices stabalised. Bitcoin has been steadily rising for around 15 years and like most other asset classes has experienced bull and bear markets. Volatility has decreased as the asset has matured and is somewhat correlated to the stock market, tech stocks in particular.
@@patrickkalin4437 If thriving and being part of the future of humanity depends on me buying into a crypto currency, that's a future I'm okay that I'm left out of. I personally couldn't imagine how a caring, humane, or decent future can come out of a reality where people were left out because they didn't buy into bitcoin. Sounds quite dystopian and not much of a change from the current divisive issues w/ fiat currency. imo, If there is a future for crypto in a just world (and I do think there could be one for gov't backed digital currency), your value shouldn't be determined as to when you 'bought in', that sounds like an authoritarian scam, not a democratic society.
Napoleoni has only recently become like this. I've listened to interviews with her over the last two decades that were significantly different. If you look at her latest book, it's not obviously a book about Bitcoin. It's called "Technocapitalism: The Rise of the New Robber Barons and the Fight for the Common Good". That sounds very interesting. She seemed quite frazzled and unable to explain her ideas properly. Instead, she talked a lot about Bitcoin. A pity.
One of the best descriptions of bitcoin and cryptocurrency I have heard. Satoshi, bitcoin’s founder, cannot be arrested because his identity is unknown. This is why bitcoin cannot be stopped 😂😂 This is an amazing turn of events, it’s hard for the average person to understand its significance
And who do you suggest that power be transferred to? Unaccountable corporations run by the likes of Besos, Musk and their likes? The real solution is for the people to seize State power from politicians bought and paid for by the likes of Besos, Musk and other powerful, unaccountable corporate interests. So no Scott, stripping the state of power is not " a noble thing. " The truly noble thing is to strip State power from the hands of these unaccountable and malovelent interests. That's the truly noble thing to do Scotty, my boy.
I don't know much about bitcoin but I wanted to comment about her statements regarding lithium batteries in Tesla. The batteries are designed well enough to withstand cold temperatures but the car range is reduced. It's really not a big deal as the performance ramps back up once it's warm.
Did you know just with our current technology we can make higher learning, knowledge and sources free for anyone with Internet access? We do, so why don't we? We has the price of college and universities sky rocketed higher?
@@tomh5094yep! There's something wrong with a society that hordes knowledge only for those who can afford it and puts those who can't into debt and servitude. Then again, we're talking about the same society who, even though has the cure, will let its own citizens die if they can't afford a handful of pills or afford some routine surgery.
Good thing she found an opportunity to say Satoshi Nakamoto a second time so she could say it properly. If anyone who doesn’t know what Bitcoin is listens to this woman explaining it and gets it, I’ll give them a cookie. I know what it is and how it works and her explanation made my head hurt.
Could you be more specific? The concept behind Bitcoin is brilliantly simple and just as brilliantly subversive. Therein lies the question, but that may do more than just make your head hurt,
Except that corporations are more adept at persuading us to disclose ourselves to them. By comparison, governments are still amateurs - plus, people are more wary of them when it comes to self-disclosure.
So you create currencies and markets that do not exist in nature and proceed to chase after them as if they are separate from you. You haven't suffered enough yet, but you will.
yeah, I feel like Napoleoni got red-pilled by "The Bitcoin Standard" and stopped there. I'm 10 minutes in, but have already had to listen to her completely screw up the description of "proof of work". She keeps saying "complex" when she means "laborious".
@@mvonballmo glad i'm not the only one to catch that. POS is actually more accessible now that you need to invest 100s of 1000s of dollars into mining equipment, much more than staking. also, absolutely no mention of the ecological impact of mining farms...
Bitcoin is continuing the same problem. It is not a solution. We are capable of creating more than enough stuff, and food, for every woman and man on this planet. There is much work to reach that goal. Once there, less than 10% of the population would be needed to maintain everything. It is happening as I typed this. It has been happening for quite some time.
In 1898, 60 to 70% of the workforce was dedicated to the production of food. Currently, it is less than 5%. That means the workforce today is less than half the size of 1898. Doing more with less is not limited to just food. What is the problem? Distribution. You have to take one more thing into account, the monetary system is a behavioral disorder. If aliens came by our planet and took every ounce of gold and silver, we would still have all the same problems. Since we are unwilling to educate our sons and daughters, it is hopeless. It doesn’t have to be.
"The low Earth orbit still has a little bit of gravity; so you're not completely out of gravity." I don't think so! In any orbiting object, the gravitational force is balanced by the centripetal force unless acted upon by an external force applied to the spacecraft (e.g. thruster, impact by an external object, breaching the atmosphere); otherwise it contravenes Newton's second law. It makes me wonder how much of Napoleoni's narrative is also BS? I do appreciate all the great work Chris Hedges does presenting his Real News videos that inform and educate, but there appears to be some holes in this one.
Really hard to manipulate the trade of Bitcoin when the ledger is public and distributed, and anyone can see the bitcoin balance of an exchange or fund, and no barrier exists to any company willing to participate in the market. Note that our governments are doing everything they can to keep exchanges tightly controlled by Wall Street. People can own the asset, and it is very, very hard for governments and industry to strip Bitccoin/crypto from the people who hold those assets. The danger to Bitcoin is not corporations because they can't break cryptography. But Bitcoin and its users can be run down by the force of governments. Governments are controlled by either socialists or corporate interests. Only limiting government influences by the incentives created by Bitcoin and the whole crypto sector gives us hope.
@@paulsnow How many in the general population actually UNDERSTAND Bitcoin? Maybe 0.005%. So who's actually going to benefit from Bitcoin? The Miners? And, What was created by the human mind can be undone by the human mind, AI notwithstanding. There is no perfect scheme.
@@dannydenison6253 doesn't help the peasants any, does it. And THIS time around, those lords won't need the peasants (they think). Life and humanity has a way of surprising peope like that.
@oswarz far far far fewer people understand the western financial system of central banks. Maybe nobody does. That doesn't stop anyone from using it. In contrast, Bitcoin CAN be understood and can be used by anyone. What can't be done is hide bitcoin balances if you are a large holder. Consider the new Spot ETFs of Bitcoin. We already know the Bitcoin balances of every new Spot ETF, even if they never disclosed or reported those balances. Crypto analysts just looked on the blockchain and figured it out. Can anyone just audit a Gold Spot ETF? Or any other Spot ETF (that's not crypto)? No. That's the power of Bitcoin. Transparency of large organizations through the public ledger.
These bitcoin bulls always make me laugh. Putting the cart before the horse. Bitcoin is no threat to the state. The state is the threat to everything & everyone.
On these techno topics I recall when Hedges was on RT and had guests like Natasha Dow Schull (from MIT at the time ) on how technolgy is designed to manipulate. Also a woman, Helen Byniski who told some truth about wikipedia and how that is skewed-- not on chemistry or some such, but on topics and important figures of the day.
Bitcoin is inherently inefficient and resource (power) intensive particularly as it grows -- as more and more computer power is required to perform redundant calculations. Not a good solution.
That's why the Bitcoin network security is superior by far to any other network. The second most secure network ever created thinks it's first because it's so far behind. The hash power is going up exponentially as it should. The Bitcoin network has never missed a beat for 15 years, never hacked, no downtime, can't be threatened by some government or crooked actor and their fu#k up politics, a system with immutable rules and no rulers that's what you want!
You think driving around cash and coins in armored vehicles burning diesel is energy efficient? I can send someone Bitcoin anywhere in the world instantly for a penny.
When you swipe a CC or look at a balance on your banking app those are tangible to you? What is tangible is house prices skyrocketed because your USD were devalued. And most people are clueless how Fiat state run currencies work against them.
People that own crypto currency have a lot to say about it's great contribution to the economy. People who care about the economy and financial security for all don't have anything good to say about crypto currency.
There's so many books and never anything that comes of them. I just get more annoyed and less tolerant of my family and people in my vicinity, with each one I read. The world is broken and so many people are busy fighting culture wars while the world burns. I can't even send this video to friends because they wouldn't know what to do with this information. So many people need educating but I've got a lot of hope for future generations, assuming we can actually stop the planet from killing us.
Is this women nuts? Bitcoin is a privately owned, centrally owned speculative asset and you want to worship it as something better than central reserve banking? How is Bitcoin better? It's a speculative asset. There's a few people who created it and were around at the start and they all talk to each other from their mansions and penthouses.
It blows my mind that the American people haven't begun to revolt. It not only blows my mind that ot hasn't happened but that it didn't happen in the last 2 decades.
A lot of Tucker Carlson on Joe Rogan was about this nightmare. Our leaders are old and out of touch and have no business running things this deep into the techno future.
42.6% was the percentage taken out, by Uber, this past week here, April ‘24, in the Greater Orlando area & I’m averaging around $17 USD before gas, which is minimum wage here in Florida! Unfortunately I’m handicapped & my options for work are limited, so it does have it’s advantages that way, but it’s not sustainable $$ income for the long run, especially living day to day! Also, as an Ex-Lifelong (30+ years) Democrat, & now Independent voter since March ‘21,…I must say “Let’s Go Brandon!” 🖕🏼 FJB
Most currency in the hands of the elite is in fact a scam, because the elite can manipulate the market in their favor. There is nothing sacred when you have 6 men who control the majority of the wealth on this planet.
Chris - I'm glad your guest understands Bitcoin better than you do... your title of this show implies Bitcoin is dystopic, but it isn't. Bitcoin is a solution to fix so much of what is ailing our society. Our money is broken and that disproportionately hurts the bottom 90%. Bitcoin fixes broken money. We need more people to stop perpetuating untruths about Bitcoin and understand it's a beautiful invention.
Counter currency had a chance to disbalance clandestine currency supremacy however it is conquered and popularized to vanguard from efforts of the people for freedom
For people already playing in finance, with access to the internet, not for the billions of people who actually need help. It's like the finance bros who love China because they think that's the best place to make more money, not because they care about human rights or US foreign policy.
According to the United States Treasury Department, cash is the preferred method for money laundering by criminals and organizations, rather than cryptocurrencies. Cash is more anonymous and useful to criminals than cryptocurrencies. Criminals also don't like the idea of a permanent record of every transaction being public on the blockchain.
As a bear of very little brain, I found no answer in Loretta's explanation of bitcoin to this question: I invest say $100 in a cryptocurrency, expecting to be able to use it as I do 'real' $. I go into a pizza parlor, order, then want to pay in cryptocurrency. How? What's the equivalent of a credit/debit card or real cash, and how is it turned over to the vendor? Now, if I change my mind about the investment, how do I get my $100 back in cold hard cash - or even transfer to my regular bank account? Also I don't see it as inflation proof. A seller just has to raise their price, have me fork over more bitcoin, at the seller's choice of price. Maybe all this has simple answers, but I couldn't find them.
The USD has the implied support of the US (meaning the US economy as an ongoing enterprise). It is also the principal settlement currency for oil contracts. Most USD circulates outside of the US (petrodollars). It’s just disingenuous to equate this with arbitrary “trust” in cyber or other currencies.
She did not even talking about blockchain except as a supporting tech. Bitcoin is not the same kind of technology , the characteristics she attributes to bitcoin are all true. You should learn about it if you have the mental capacity.
newsflash: Bitcoin and its competing crypto… somethings are not currencies; rather, they are virtual assets whose natural value is zero. They are speculative instruments denominated in sovereign currencies such as the Euro or, most commonly, the $US.While there are pure exchanges in which this speculative asset is swapped for commodities, this is not the most common form of transaction. If and when this fictitious asset is used to pay tax in a country (not El Salvador, but a country with hard currency at the moment) then we’ll know a line has been crossed. Until then, by all means speculate in Bitcoin but treat it more like highly volatile and risky common shares and junk bonds,
Bitcoin is the paving the way for central or commercial bank digital currencies and the social impact investment model for the circular economy that’s also the sustainable future goals strategy
The Real News is an independent, viewer-supported, radical media network. Help us continue producing The Chris Hedges Report by following us and making a small donation:
Donate to TRNN: therealnews.com/donate-yt-chr
Sign up for our newsletter: therealnews.com/nl-yt-chr
Why are you asking for donations after canceling his show
Lol
Looks like The Real News canceled Chris Hedges.
I am no longer following The Real News Network because they cancelled The Chris Hedges Report.
Shame on therealnews for cancelling the last reason to watch this channel. This channel has gone down the toilet ever since the ouster of Paul Jay.
Shame on you!
I love how informative these are. Hedges is a modern day prophet and I don’t think people truly appreciate this man’s initiative.
✊🏼
Some of us do.
One trick pony... one side or angle on all things.
🔥The Real News Network caves to Zionist pressure and fires Chris Hedges because he talked the truth about genocide! If you care about the truth, anti-war, free speech, censorship etc: unsubscribe from this channel and don’t sponsor them any where! We can’t have a genocidal country dictating what news can be viewed in America. Pass on this message!
Chris this is probably one of the most important interviews you have ever done. It is our only hope to free ourselves from a system that has continuously betrayed us.
People.....we have been "Hood Winked" again!!! To much tech "will" destroy us!
How so?
@@Macwylee Probably his hope that Bitcoin will replace the central banks. An uninflatable currency,
@@Macwylee Bitcoin gives everyone the ability to escape the dollar and dollars declining value. If bitcoin were the only currency, war would not be possible. War depends on the governments ability to print money to finance the war !
@@Macwylee Follow the money.
We need Yanis Veroufakis to explain Technofeudalism.
Amazon... They own everything, and still charge you rent to use their infrastructure. But also, steal IP from small sellers as to push them out of said market place... 😶
What makes it feudalism is that, eventually, they are the only marketplace.
YES
No we don't.
No we don't. It's self explanatory. The rich are getting richer and the poor poorer at a pace and scale like never before because of the exploitative abuse of technology.
“We are sleepwalking into dystopia”. That is so true. She is absolutely right.
I’d say it’s just walking
Are we even asleep?
@@x100bullets too much flouride
She starts off by saying bitcoins (post 2008 meltdown) origins were suspicious but the end result is, it's great...
The opening of this video is an excellent rundown of why crypto is a scam.
Including bitcoin
To counter this Bitcoin commercial, I suggest reading the article "Cryptocurrency Might be a Path to Authoritarianism". Look into what's been happening in El Salvador under the "world's coolest dictator" and his adoption of bitcoin.
If you saved in USD to buy a house for the last 4 years the house got twice as expensive. If you saved in Bitcoin the house price was cut in half. This is what happens when your government fucks you with money printing. Bitcoin unfucks you.
Bukule is no savior. He’s committed to pro Israel. Ironically, Bukule is Palestinian yet he does NOTHING. Anyone channel who vehemently supports El Salvador’s dystopian government is not to be trusted in terms of exposing the truth or such governments such as Bukule may rise beyond just El Salvador. Take a look at USA, the EU, Dubai, etc
You mean the article from the atlantic? ah, very very trustable ppl over there you see!
definitely a Bitcoin commercial. disappointing
That president from El Salvador is awesome. Mexico needs a president like him.
i can't believe i just listened to her say nothing, albeit, in a profound tone for an hour. bitcoin is just a continuation and manifestation of the same problems we have now except it's digital.
THIS IS THE BEST SHIT EVER!!! The elite are going to shut down this channel just like what happened to the previous channel -- On Contact 😢😢
Yup. Dissent will become illegal soon
I don't understand why praising bitcoin so much. It does not redistribute wealth, it works in a similar way to the gold standard (which was a terribly inequitable system) and by design it promotes the idea of money as a scarce resource. Honestly I think it is the worst (and most libertarian) of all cryptocurrencies.
Probably owns some BT
FCKN READ
I know it's hard to break the conditioning, but BTC does redistribute wealth. Just not the way you think. Start with reading the Bitcoin whitepaper. And hurry up.
@@agborie The white paper was just the intention like 15 years ago but reality today is different. If it was really decentralised, why so many exchanges? Let's not even talk about how many of those exchanges have been involved in fraud. Imagine you had a few thousand BTC cos you were early on it and now have tens of millions worth, try getting all that out in cash. And then where does that cash come from, it doesn't add value but takes from it. Dilutes the money supply that was born from actually valuable work. This is no different that the Moloch Money Magic known as fractional reserve lending, etc that the white paper intended for BTC to combat. It has been hijacked by the 1%, as usual.
At the end of the day Bitcoin is a speculative investment with only 1 utility: it can't be forged or illegally duplicated. It's a temporary escape from government driven inflation. It's the American dollar on the gold standard. I mean, that's why they call it mining instead of harvesting.
bitcoin in current use just helps the rich be unaccountable. Without major changes
Have you heard of "offshore banking?" Americans have their own "offshore" site. It's Joe Biden's lovely little Delaware. The rich don't need bitcoin or any crypto currency to keep their wealth.
Right, NFT art was only a thing cos they were scared that their tax evasion art pieces will be taxed so they needed to find a way to keep avoiding taxes.
You are BRAVE. When will all of us become like you? Thank you for the truth! ✊👍🙏
Internet 2.0 Technosocialism empowering the people , no corporations no oligarchs just collective people power
(Also, beautiful name Loretta)
Love to you all
By Socialism do you really mean feudalism?
I LOVED this. Fascinating. Must stop those exploitating in ALL forms
How is bitcoin acquired in the first place.. and if having it can be used to make money, doesn’t that defeat the purpose of having it in the first place? The fact that it’s one of the least used currencies speaks to the lack of usefulness and the futility of investing in something that only exists in the online world and could disappear with the flip of a switch.
I prefere tulips. At least it's a tangible investment game.
I suggest doing some research into Bitcoin. It's a bit too much to explain in a you tube comment but it's not that difficult. It can be sold for money but cannot be used to "make money". The Bitcoin network may be the most secure network eve made. Every transaction is publically viewable. No one controls the network, it cannot be shutdown unless you switch off the entire internet. Even then, as soon as the internet fires back up the network will continue from where it was
@@patrickkalin4437 The person who Chris was interviewing said it could be used to make money, and like any other commodity, if you buy low and sell high, you CAN make money; but it takes money to get started, and until I GET some, I’ll just keep using the real thing. But thanks anyway. 🙏🏽
@@menudobucket9837 of course anything you can buy and sell you can make money out of.
@@menudobucket9837 just like any investment you can buy low and sell high. For some reason I had images about holding Bitcoin and that giving you the ability to "print money" so to speak, how daft. It can be loaned out for a yield but I'd not recommend that. Once you take personal custody of your Bitcoin it's impossible to seize unlike equities or money in the bank. But just like "money" the only thing giving it value is the belief in it. Unlike money it cannot be printed
Looking forawd to Chris' move to total independence 👏👍
how come Chris Hedges and Yanis Varoufakis haven't hooked up yet for a conversation? not only to discuss his recent book about technofeudalism but all kinds of other stuff too. they are probably the 2 most important and prominent figures of the left in the Western world.
Couldn't agree more, Chris is the reason I'm involved with DiEM25 and Varoufakis is the leader of it and I've wondered the same thing numerous times.
But if people are selling you the fake left-right paradigme they are de facto working for the "Divide and conqourers"
@@DRS659 We don't know if either of them haven't hooked up. If they did however, it wouldn't be for entertainment values.
@@peterboytRaKs by "entertainment value" I'll assume you mean broadcast, which is the context of our conversation...thanks for participating in it...
@@DRS659 Glad to be part of the conversation. Thanks. I do not mean broadcast entertainment. I meant to specify informational values. More specifically, these video casts/podcasts do not come under the definition of 'broadcasting'. Because they are not 'broadcasted'. I don't believe that term applies to online communications. I could be wrong however.
That said, my own reasons for participating here are for informational specific reasons. But that's just me. Others may be 'entertained' by these videos. That's OK too I guess.
Very important interview. Thank you Chris and Loretta. The challenges facing humanity are immense.
She is a person that actually really knows what she is talking about inside and out... Great interview 😁❤️
This woman knows nothing about bitcoin. Bitcoin is nothing more than a ledger that has a terrible transaction rate. Terrible. You cannot use bitcoin to replace currency. Bitcoin is more like gold, except at least gold has industrial usage and intrinsic beauty.
Exactly.
There was also no discussion about the absurd amount of energy required to keep the bitcoin system going.
Wrong! Just because you don't understand doesn't mean she doesn't.
🚨🚨 No coiner?? 🚨🚨
@noktilux4052 Better to use energy for good than for bad. What do you know about living without energy? Have you ever gone a day without electricity! People all over the world get none because you have so much. They can get something with this energy, at least.
Every time I decide to pause on buying books....I watch Chris. Just bought Technocapitalism from Bookshop, not Amazon.
Great important interview Chris and book Loretta
She is awesome. I would love to be her student 🎉
Thank you Chris! I had an experience with some of these guys about 12 years ago. They are heartless. I could feel what she is making explicit. Quite useful to language experience. Great work. I appreciate your contribution.
Thank you for this, Chris. I'm been an admirer of yours for years. You do a lot of very good work.
For everybody, I think the only way you can really fight back is to ditch the ball-and-chain. Go back to a flip phone if you have to have mobile communications at all for any reason. The more people give it up, which I know is very hard right now, the easier it will be for others. Two-step authentication? Find someone else to do business with. Yes, it's hard.
The people who are most concerned about this, such as Diana Kordas, who has been documenting the impact of 4G and 5G on farming and the environment on the Greek island of Samos, are now boycotting mobile communications altogether, i.e., not even calling cellphone numbers. It's a growing crisis.
Bitcoin is a scam. I'm hoping this video addresses that, but 11 minutes in and it's a bad start.
Edit. She makes some good points eventually but a lot of bad ones along the way.
What causes you to say Bitcoin is a scam?
@@donho526 There are a lot of people who can't wrap their minds around the idea of eliminating central banks and other benefits. If they can't understand it, it must be a scam.
You need to study Bitcoin for much more than 15 mins before you understand what it is. From your conclusion I can already tell you don't know much about Bitcoin at all. The bond market, USD, and all the other fiat trash are the real scam, the real shitcoins.
Yeah I turned it off 2 minutes in and just checked out the comments section . I don’t think I’m missing anything.
@@howardlee9097 The need to study it to understand it makes it useless as a currency. Yes, this argument also applies to fiat currencies. You cannot solve problems using currencies, that's not what currencies are for. Money is an expression of trust in the status quo, it is not the actual trust. You cannot change the taste of a meal by drawing on the menu with a pencil.
It’s so great to see Bitcoin on Chris’s show!!!
Why does Hedges have a bitcoin promoter on the show? Won't the people w/ the most bitcoin just become the new robber barrons/oligarchy?
yeah i thought at first maybe she was explaining "according to bitcoiners/this is their pitch" but no, she's a true believer...weird
Bitcoin has been readily avaialable for years now. You only have youself to blame if you haven't invested yet. It's not too late though
I think you'll find the tulip mania lasted only around 1 yeat before prices stabalised. Bitcoin has been steadily rising for around 15 years and like most other asset classes has experienced bull and bear markets. Volatility has decreased as the asset has matured and is somewhat correlated to the stock market, tech stocks in particular.
@@patrickkalin4437 If thriving and being part of the future of humanity depends on me buying into a crypto currency, that's a future I'm okay that I'm left out of. I personally couldn't imagine how a caring, humane, or decent future can come out of a reality where people were left out because they didn't buy into bitcoin. Sounds quite dystopian and not much of a change from the current divisive issues w/ fiat currency. imo, If there is a future for crypto in a just world (and I do think there could be one for gov't backed digital currency), your value shouldn't be determined as to when you 'bought in', that sounds like an authoritarian scam, not a democratic society.
Napoleoni has only recently become like this. I've listened to interviews with her over the last two decades that were significantly different. If you look at her latest book, it's not obviously a book about Bitcoin. It's called "Technocapitalism: The Rise of the New Robber Barons and the Fight for the Common Good". That sounds very interesting. She seemed quite frazzled and unable to explain her ideas properly. Instead, she talked a lot about Bitcoin. A pity.
Very Very good interview and subject
One of the best descriptions of bitcoin and cryptocurrency I have heard. Satoshi, bitcoin’s founder, cannot be arrested because his identity is unknown. This is why bitcoin cannot be stopped 😂😂
This is an amazing turn of events, it’s hard for the average person to understand its significance
Stripping the state of power sounds like a noble pursuit.
And who do you suggest that power be transferred to?
Unaccountable corporations run by the likes of Besos, Musk and their likes?
The real solution is for the people to seize State power from politicians bought and paid for by the likes of Besos, Musk and other powerful, unaccountable corporate interests.
So no Scott, stripping the state of power is not " a noble thing. "
The truly noble thing is to strip State power from the hands of these unaccountable and malovelent interests.
That's the truly noble thing to do Scotty, my boy.
Very insightful and wise! People of the world, rise! ✊✊✊
Most optimistic channel on TH-cam.
Super excellent episode 👏
I'm glad there are people informing the politically left-leaning about the many benefits blockchain technology
Hopefully the detriments too. In regards to social impact investing and tokenomics
Do you think there could possibly be any more negative blockchain coverage from MSM @dl1361?
I don't know much about bitcoin but I wanted to comment about her statements regarding lithium batteries in Tesla. The batteries are designed well enough to withstand cold temperatures but the car range is reduced. It's really not a big deal as the performance ramps back up once it's warm.
Did you know just with our current technology we can make higher learning, knowledge and sources free for anyone with Internet access? We do, so why don't we? We has the price of college and universities sky rocketed higher?
Capitalism and greed. It's always capitalism and greed.
@@tomh5094yep! There's something wrong with a society that hordes knowledge only for those who can afford it and puts those who can't into debt and servitude.
Then again, we're talking about the same society who, even though has the cure, will let its own citizens die if they can't afford a handful of pills or afford some routine surgery.
Cruella Deville has made my brain hurt. Thanks Chris.
Good thing she found an opportunity to say Satoshi Nakamoto a second time so she could say it properly. If anyone who doesn’t know what Bitcoin is listens to this woman explaining it and gets it, I’ll give them a cookie. I know what it is and how it works and her explanation made my head hurt.
Could you be more specific? The concept behind Bitcoin is brilliantly simple and just as brilliantly subversive. Therein lies the question, but that may do more than just make your head hurt,
Very intriguing and informative guest Chris
Thank you
Chris Hedges is one of my heroes. Now that his show has been cancelled, I am unsubscribing from the channel.
Great introduction, Mr Hedges😊
Thank you 🙏🏼
There is no line between government and corporations in regard to data collection and many things.
Except that corporations are more adept at persuading us to disclose ourselves to them. By comparison, governments are still amateurs - plus, people are more wary of them when it comes to self-disclosure.
@@davidwright8432 the point is the governments buy the data from the the private companies so they are essentially one and the same
We gave up our freedom for the all powerful & all seeing God in the cloud that knows all that we say & all that it programs us to do!
So you create currencies and markets that do not exist in nature and proceed to chase after them as if they are separate from you. You haven't suffered enough yet, but you will.
15 minutes in and I'm still listening to this lady hyping Bitcoin like it's 2017
yeah, I feel like Napoleoni got red-pilled by "The Bitcoin Standard" and stopped there. I'm 10 minutes in, but have already had to listen to her completely screw up the description of "proof of work". She keeps saying "complex" when she means "laborious".
@@mvonballmo glad i'm not the only one to catch that. POS is actually more accessible now that you need to invest 100s of 1000s of dollars into mining equipment, much more than staking. also, absolutely no mention of the ecological impact of mining farms...
BTC is a gift to the world. Data harvesting, coupled with neurology, is how governments manufacture consent.
Gold and Silver Baby 🤠 👋
Great report!
Bitcoin is continuing the same problem. It is not a solution. We are capable of creating more than enough stuff, and food, for every woman and man on this planet. There is much work to reach that goal. Once there, less than 10% of the population would be needed to maintain everything. It is happening as I typed this. It has been happening for quite some time.
No, we aren't. Overshoot Day was August 2nd last year. You cannot have infinite growth on a finite planet.
In 1898, 60 to 70% of the workforce was dedicated to the production of food. Currently, it is less than 5%. That means the workforce today is less than half the size of 1898. Doing more with less is not limited to just food. What is the problem? Distribution. You have to take one more thing into account, the monetary system is a behavioral disorder. If aliens came by our planet and took every ounce of gold and silver, we would still have all the same problems. Since we are unwilling to educate our sons and daughters, it is hopeless. It doesn’t have to be.
"The low Earth orbit still has a little bit of gravity; so you're not completely out of gravity." I don't think so! In any orbiting object, the gravitational force is balanced by the centripetal force unless acted upon by an external force applied to the spacecraft (e.g. thruster, impact by an external object, breaching the atmosphere); otherwise it contravenes Newton's second law. It makes me wonder how much of Napoleoni's narrative is also BS? I do appreciate all the great work Chris Hedges does presenting his Real News videos that inform and educate, but there appears to be some holes in this one.
Oh, PLEASE!!!!!! NO STOP !!!!!!!!! No crypto No Crypto!!!!!!
Brilliant discussion !!
Thanks guys!
So Excellent! Just caught this awesome very eye-opening interview... Thanks so much for this one.
Fine. But only the rich can buy it now. Also if its traded it can be manipulated?
Really hard to manipulate the trade of Bitcoin when the ledger is public and distributed, and anyone can see the bitcoin balance of an exchange or fund, and no barrier exists to any company willing to participate in the market.
Note that our governments are doing everything they can to keep exchanges tightly controlled by Wall Street.
People can own the asset, and it is very, very hard for governments and industry to strip Bitccoin/crypto from the people who hold those assets.
The danger to Bitcoin is not corporations because they can't break cryptography. But Bitcoin and its users can be run down by the force of governments. Governments are controlled by either socialists or corporate interests. Only limiting government influences by the incentives created by Bitcoin and the whole crypto sector gives us hope.
@@paulsnow How many in the general population actually UNDERSTAND Bitcoin? Maybe 0.005%. So who's actually going to benefit from Bitcoin? The Miners? And, What was created by the human mind can be undone by the human mind, AI notwithstanding. There is no perfect scheme.
@@oswarz once its mine'd they are the feudal lords if its the main currrency
@@dannydenison6253 doesn't help the peasants any, does it. And THIS time around, those lords won't need the peasants (they think). Life and humanity has a way of surprising peope like that.
@oswarz far far far fewer people understand the western financial system of central banks. Maybe nobody does.
That doesn't stop anyone from using it.
In contrast, Bitcoin CAN be understood and can be used by anyone. What can't be done is hide bitcoin balances if you are a large holder.
Consider the new Spot ETFs of Bitcoin.
We already know the Bitcoin balances of every new Spot ETF, even if they never disclosed or reported those balances. Crypto analysts just looked on the blockchain and figured it out.
Can anyone just audit a Gold Spot ETF? Or any other Spot ETF (that's not crypto)?
No. That's the power of Bitcoin. Transparency of large organizations through the public ledger.
These bitcoin bulls always make me laugh. Putting the cart before the horse. Bitcoin is no threat to the state. The state is the threat to everything & everyone.
Lots of people are not able to survive NOW.
Who ever control the production of electricity, will ultimatley control EVERY cryptocurrency. Period!
Very important interview. Fantastic guest.
This is embarrassingly obvious in the grift. This woman is a charlatan.
On these techno topics I recall when Hedges was on RT and had guests like Natasha Dow Schull
(from MIT at the time ) on how technolgy is designed to manipulate. Also a woman, Helen Byniski who told some truth about wikipedia and how that is skewed-- not on chemistry or some such, but on topics and important figures of the day.
Unsubscribing because you betrayed Chris. The people need this courage and insight. This channel is ran by cowards.
We have to create balance & shut off the tech which is creating more isolation & weaponizing everything⚖️
Go back to living🌱🐝🦉🐬
Bitcoin is inherently inefficient and resource (power) intensive particularly as it grows -- as more and more computer power is required to perform redundant calculations. Not a good solution.
Correct. Another gambling casino is definitely NOT a good solution.
That's why the Bitcoin network security is superior by far to any other network. The second most secure network ever created thinks it's first because it's so far behind. The hash power is going up exponentially as it should. The Bitcoin network has never missed a beat for 15 years, never hacked, no downtime, can't be threatened by some government or crooked actor and their fu#k up politics, a system with immutable rules and no rulers that's what you want!
You think driving around cash and coins in armored vehicles burning diesel is energy efficient? I can send someone Bitcoin anywhere in the world instantly for a penny.
Excellent presentation Chris, but all these techno gurus and the defense department care.about is the maximization of profits.
This is a great show! you must have her on again David
I appreciate this. Yanis Varoufakis' recent book ties into to this.
Cash is king.
Will price of bitcoin go up or down in price come May? When it’s cut in half to control inflation
Virtual currencies are just that. I prefere tulips. At least, they're tangible.
When you swipe a CC or look at a balance on your banking app those are tangible to you? What is tangible is house prices skyrocketed because your USD were devalued. And most people are clueless how Fiat state run currencies work against them.
People that own crypto currency have a lot to say about it's great contribution to the economy. People who care about the economy and financial security for all don't have anything good to say about crypto currency.
"We're sleepwalking into dystopia", that sums it up quite well.
There’s a book that goes into Uber and it’s hustle called “Uberland” by Christina Rosenblatt which is a good read and a good follow to this video
There's so many books and never anything that comes of them. I just get more annoyed and less tolerant of my family and people in my vicinity, with each one I read. The world is broken and so many people are busy fighting culture wars while the world burns.
I can't even send this video to friends because they wouldn't know what to do with this information. So many people need educating but I've got a lot of hope for future generations, assuming we can actually stop the planet from killing us.
@@tomh5094 sorry you feel that way but I do know the alternative is even worse
That was great, thank you both ❤
Thanks!
Is this women nuts? Bitcoin is a privately owned, centrally owned speculative asset and you want to worship it as something better than central reserve banking? How is Bitcoin better? It's a speculative asset. There's a few people who created it and were around at the start and they all talk to each other from their mansions and penthouses.
It blows my mind that the American people haven't begun to revolt.
It not only blows my mind that ot hasn't happened but that it didn't happen in the last 2 decades.
We need a way to opt out of the digital prison.
I UNSUBSCRIBED & I encourage others to do so. REMOVING HEDGES is not acceptable.
Why cancel Chris Hedges. This is very disappointing Max.
Empower the people by making it so unaffordable, realky?
yea its just a get rich for the people rich enough to get in early
You do realize you don't need to buy a full bitcoin, right? It's highly divisible.
A lot of Tucker Carlson on Joe Rogan was about this nightmare. Our leaders are old and out of touch and have no business running things this deep into the techno future.
42.6% was the percentage taken out, by Uber, this past week here, April ‘24, in the Greater Orlando area & I’m averaging around $17 USD before gas, which is minimum wage here in Florida!
Unfortunately I’m handicapped & my options for work are limited, so it does have it’s advantages that way, but it’s not sustainable $$ income for the long run, especially living day to day!
Also, as an Ex-Lifelong (30+ years) Democrat, & now Independent voter since March ‘21,…I must say “Let’s Go Brandon!” 🖕🏼 FJB
Well, that cleared that up…..I get what the idea was but it now sounds like a scam to me.
Most currency in the hands of the elite is in fact a scam, because the elite can manipulate the market in their favor. There is nothing sacred when you have 6 men who control the majority of the wealth on this planet.
Chris - I'm glad your guest understands Bitcoin better than you do... your title of this show implies Bitcoin is dystopic, but it isn't. Bitcoin is a solution to fix so much of what is ailing our society. Our money is broken and that disproportionately hurts the bottom 90%. Bitcoin fixes broken money. We need more people to stop perpetuating untruths about Bitcoin and understand it's a beautiful invention.
Counter currency had a chance to disbalance clandestine currency supremacy however it is conquered and popularized to vanguard from efforts of the people for freedom
Bitcoin is controlled by the same wealthy.
Yeah. The title does not match the content.
For people already playing in finance, with access to the internet, not for the billions of people who actually need help. It's like the finance bros who love China because they think that's the best place to make more money, not because they care about human rights or US foreign policy.
@@Monkismo pay workers even less
Excellent. Making people think.
This is not quite as bad as the internet is a series of tubes..... but it is close.
Bitcoin. Her weird take on the USD is simply nonsense. She seems a flim-flam artist.
Well, she did get one thing right! Bitcoin is the worst thing to use for money laundering as there is a public record of it!
According to the United States Treasury Department, cash is the preferred method for money laundering by criminals and organizations, rather than cryptocurrencies. Cash is more anonymous and useful to criminals than cryptocurrencies. Criminals also don't like the idea of a permanent record of every transaction being public on the blockchain.
You don’t hold it, you don’t own it ! POOF ! Gone
Killing me softly....
As a bear of very little brain, I found no answer in Loretta's explanation of bitcoin to this question: I invest say $100 in a cryptocurrency, expecting to be able to use it as I do 'real' $.
I go into a pizza parlor, order, then want to pay in cryptocurrency. How? What's the equivalent of a credit/debit card or real cash, and how is it turned over to the vendor? Now, if I change my mind about the investment, how do I get my $100 back in cold hard cash - or even transfer to my regular bank account? Also I don't see it as inflation proof. A seller just has to raise their price, have me fork over more bitcoin, at the seller's choice of price. Maybe all this has simple answers, but I couldn't find them.
The USD has the implied support of the US (meaning the US economy as an ongoing enterprise). It is also the principal settlement currency for oil contracts. Most USD circulates outside of the US (petrodollars). It’s just disingenuous to equate this with arbitrary “trust” in cyber or other currencies.
This is nonsense . Blockchain cannot do what she says. The worst part of all of this is that it doesnt even rise to the level she says!!!!
She did not even talking about blockchain except as a supporting tech. Bitcoin is not the same kind of technology , the characteristics she attributes to bitcoin are all true. You should learn about it if you have the mental capacity.
@@xqt39a really..thats my job, cybersecurity
@@xqt39a bitcoin is exactly to same tech...distributed ledgers
How about saying what it can and cannot do rather than having us listen to the entirety and judge?
Outstanding as always. Much Respect. ONELOVE.
Bullish on bitcoin 🐂🐂🐂
Wow. Scary stuff that we see happening
newsflash: Bitcoin and its competing crypto… somethings are not currencies; rather, they are virtual assets whose natural value is zero. They are speculative instruments denominated in sovereign currencies such as the Euro or, most commonly, the $US.While there are pure exchanges in which this speculative asset is swapped for commodities, this is not the most common form of transaction. If and when this fictitious asset is used to pay tax in a country (not El Salvador, but a country with hard currency at the moment) then we’ll know a line has been crossed. Until then, by all means speculate in Bitcoin but treat it more like highly volatile and risky common shares and junk bonds,
Whitney Webb should come on and explain cryptocurrency… her take is so much deeper
Bitcoin is the paving the way for central or commercial bank digital currencies and the social impact investment model for the circular economy that’s also the sustainable future goals strategy
Not Natoshi Sakamato.
It was Satoshi Nakamoto.