Chamath Palihapitiya: This Will DESTROY Everything. Why Bitcoin, Ethereum & Defi Will End Capitalism

Chamath Palihapitiya: This Will DESTROY Everything. Why Bitcoin, Ethereum & Defi Will End Capitalism




Chamath Palihapitiya: This Will DESTROY Everything. Why Bitcoin, Ethereum & Defi Will End Capitalism Chamath Palihapitiya thinks that the rise of …

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About the Author: Jamie Tree

24 Comments

  1. <I respect your work mate, because you are pointing people in the right direction, this is the FOMO September for incoming dip in October. It is manipulated but that can be a good thing if you understand it. We should all know that when these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. but all thanks to Rick Richard for his amazing skills for help me to earn 20 BTC through trading chart. I believe we are in the spring phase

  2. Great content, I've always admired the content and informative nature of this channel mate, you do well. Hell breaks the loss after just a few days of the plunge in the price level of the major cryptocurrencies. Many of us keep forgetting that crypto is obviously exposed to a volatile market environment, although I am 100% sure that crypto would rise in the long run (new investors keep turning to crypto as an investment location) although a seasoned trader would personally agree a trader earns a lot regardless of the price of cryptocurrencies and that a price drop is equally an opportunity to acquire stocks for profitable trading, Dr. Patrick Cooper, I started at 1.5BTC and raised over 6.5BTC in just three weeks using the trading strategy given to me by veteran trader Dr.Patrick…

  3. Don’t ask venture capitalists about DeFi. They will be critical because they see it as a threat to their golden goose. I respect these guys but as someone from Silicon Valley I witnessed early on how many visionary VCs and Angel Investors shunned the entire crypto space. They don’t like the idea of the unwashed masses getting in on seed stage funding.

  4. Government can only slow progress not stop it. You would have to eliminate the onramps to the internet to kill crypto. If you do that the economy will collapse and you will be out of power. Governments have lost their power they just Don't know it yet. Neither do thse guys apparently.

  5. Yeah I’m sure these gentleman have no motives or biases for their gain. So why guys is every financial institution accepting or adopting crypto currency? Some contradictory statements in this discussion. I’ll pass.

  6. We don't have capitalism!

    This guy doesn't even know what capitalism actually is

    Capitalism is simply the wealth or capital being in the hands of the individual

    What we have today is in fact a form of facism, the merger of the State with business

    We are closer to a socialistic State than we are a capitalistic one at the moment

    So many socialistic thinking people attack the current system mislabeling it capitalism, clearly showing they have no idea what capitalism actually is

    Bitcoin, Etherium, Crypto in general will in fact restore capitalism, which is nothing more than the Capital being in the hands of the owner of the asset (the people as in the individual) and they being allowed to do with their capital as they see fit

    Socialism is the parasite that attaches itself to everything and sucks the life blood out of the capital.
    Have a look at our society, there's a middleman, a tax, a government mandate and regulation in everything, sucking the wealth out of the capital as it flows from the creator and owner of that capital to it's destination. That's socialism, that is what we have today, not capitalism!

    So many people have been hoodwinked by the socialists to dislike or hate capitalism and they sucker them into hating something they misrepresent

    Bring on true capitalism via the blockchain, where you, the creator and owner of the wealth you create, get to hold that wealth for yourself and choose what you want to do with it as an individual

    True capitalism via the blockchain will bring about small transparent government.
    True capitalism via the blockchain will bring about true competition and innovation as the market will be able to view directly true demand and not be smokescreened behind government mandate and do-gooder misappropriation and political or hidden social agendas

    The blockchain has the power to truely free the people and reset society back to where those that own the capital they create get to choose what they want to do with the capital they create.

    The wealth returns to the hands of the people under capitalism

    This is what we need to be selling to the masses, not the expected price of Bitcoin of Etherium, those price predictions will come about the more the blockchain is allowed to do it's magic in society

    The greatest issue we face isn't that of governments trying to stop Bitcoin or crypto, our greatest obstacle is convincing all those asleep people out there how the blockchain could in fact free them and restore their wealth to themselves and to give them the power to create more and do what they want unhindered with their own wealth and capital.

    Our hardest fight will be in convincing these people that being in charge and directing your own life is true furfillment and that governments and authority structures are not really the safe havens they believe they are, but are in fact really parasites sucking away their wealth all while injecting them a sleepy substance called 'security, protection and embevalence' of which none truely exists when it comes to governments or authority

    We need to be rubbing shoulders with and helping nurture those who don't understand the blockchain, helping them understand it, helping them learn what it is, not laughing at them or calling them stupid for not understanding it or bragging about future or current wealth stacks

    I have a little saying I try and remember, it sort of goes
    "What good is it if you climb that mountain and see the wonderful view from on top if you have no one to share the view with"

    Pictures, videos are 3rd hand memories, they don't capture the excitement, the achievement, the shared experience, the wind in your face, the obstacles overcome etc.
    It's the shared experience that makes the view worth it

    The blockchain needs to be a shared experience that we bring our fellow man along with in the journey, so we can all enjoy the experience with, otherwise it's not going to happen

    Get off your arse and go and teach someone gently the value of the blockchain as what it will mean for THEM (if you can only think of how wealthy you are or will be, then you still don't understand the true value of the blockchain)

    'One block' of thinking at a time until we help the whole world become part of the 'block-chain' of understanding.
    This is how we will usher in a blockchain freed world

  7. Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Christi Benner, her skills set is exceptional..

  8. Putting dollars (capital) into Bitcoin to keep/get dollars (capital) out is somehow NOT capitalism? Apparently practicing capitalism is going to destroy it? Seems legit…

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