Review

RE: Silk road, there weren't high fees on the bitcoin network until the boom in 2017, even today fees are around $1, or nonexistent using lightning network, -2 points

Energy costs, old argument - Comparison to banking/visa is largely irrelevant since VISA is not a polluter / carbon problem, should be compared to actual energy/carbon threats if it's being framed as such, and as such is incorrect, -5 points

You can use Bitcoin/Crypto in quite a few places, saying otherwise is incorrect as well, cited tweet is from 2014, -2 points

Derails off the unbiased tracks somewhere around 23:00, starts ranting about Vitalik, says everyone involved are disconnected with reality, -10 points

Keeps saying that Proof of Work is 'wasted' and 'redundant', but doesn't understand that is the thing that actually makes it work, -5 points

Good explanation of Proof of Stake and its drawbacks, which shows exactly why proof of stake is an unworkable solution even though it is technically "energy effective" in that it is reinventing the wheel, a solution that isn't decentralized is pointless, +5 points

Not everyone needs to "pick the same chain", and no one but maximalists think that way, akin to saying "Everyone needs to use Bank of America" -2 points

ETH fees haven't been $20 since forever, average is roughly $0.50ish since 2017, spiked a bit in 2021 for obvious reasons, -5 points

"The primary goal of crypto is to starve public services" Ok buddy, -10 points

The description of a "bigger fool scheme" literally describes the financial and stock system, for you to make money on a stock sale, someone needs to buy it for more money than you paid, -2 points

Hey, he's one of the first people that actually understand the entire purpose of an NFT, in that its ONLY purpose is to provide a unique thing, +5 points

Making fun of these stupid "NFT" sales of memes that literally have no purpose and pointless nft memes, +5 points

Says there is no authenticity in mints which is patently untrue, as anyone can see the minting address and relate it to the artist or whoever is doing the mint, bad research, -5 points

A market "receding by 90%" from a frenzied high is irrelevant when that high is a black swan event that has never happened before, overall volume is far higher than before, -2 points

Pegging problems with ""art"" sales and copyright is smart because in essence all digital art has no copyright protections whatsoever, this also makes it highly ironic that artists are having art "stolen" while playing the "right click and save as" card, funny all around, +5 points

David Gerard citation, -10 points

Describing art as "not about the art, but about the speculative value" but trying to frame it as a bad thing is such humour that I can't help award it points, +5

Laughing at PFP profile pics, +5

Not realizing the irony of saying people are bullying while simultaneously trying to bully people, -5

Good points in that the vast majority of people who tweet daily about their great NFT investments are basically doing it as a parasitic self promotion and nothing to do with the asset itself, +5 points

If you join a server and don't immediately turn messages off except for friends, you're nuts, -2 points

He actually accepted all this spam, I love it +10 points

Explaining the vast, vast amount of projects that promise the moon with zero tangibility is actually explained well in terms of the lemming mentality of all these people, +5 points

Excellent explanation of how criticism gets silenced and people create a false bastion of positivity for themselves  in order to bolster their own investments instead of asking important questions about what's actually being done, along with a parasitic retweeting and affirmation process +10 points

People who get socially engineered because they don't know what they are doing and are investing their kids college fund in a pfp picture without knowing any security protocols or even what happened frankly deserve derision, -5 points

Unregulated markets will be filled with unregulated scams, if you're directly involving yourself with them knowingly that is 100% your fault and no fault of the environment, anyone trying to get rich quick is going to get burned, -5 points

People who literally don't know what they are doing getting into a space where you have to actually learn things will get burned just as a child putting their hand on a stove would, there is no way around it and no controls you can implement that will cause this to not happen, -2 points

Good explanation of how "anonymity" does not = lack of transparency, +5

The movement from proof of work to proof of stake is not only because it benefits miners, but because as explained (ironically by him earlier) that proof of stake is largely a centralized solution that reinvents the wheel and moves away from a functional system to one where cryptocurrency isn't required, -5

Elon musk isn't designing any future, or anything related to crypto -5

Provable ownership of assets has nothing to do with Squid game and even mentioning it devalues the entire video, it literally named itself as a scam, people are just really big idiots -10

Good explanation of Axie, +5

Also good explanation of play to earn games that are not actually fun to play, and that are only used to generate revenue, +5
Only outlines 2 different ways that cryptocurrency can work, either in complete failure or complete dystopian acceptance, which is not how the world works, -2

Bitcoin has not been "mired in a turf war", something that happened one and has not been repeated since 2017, -5

Conflating cryptocurrency to union busters and breaking down consumer protections is disingenuous at its core - The "consumer protections" being talked about here are middlemen such as banks and third party vendors, -5

Talking about the extreme lack of knowledge and security failures of buyers who don't understand the system but only want to "become rich" outlines the problems with humanity, not with cryptocurrency, but +5 for talking about it -5

DAOs are stupid, +10

Excellent explanation of the actual problem with "the system", in that it hooks in the people that feel the system is failing them (which it is) and makes them easy targets (which it does) - Unfortunately, this is an inherant fault of humanity and not actually anything to do with cryptocurrency or nfts whatsoever, but +10 for pointing it out

He seems to think that everything is all or nothing, that there is no gray line, which completely discounts all of humanity and removes every human interaction from the equation, when in reality, crypto and all other systems similar to it will be a part of humanity, not the driving force through which it moves forward, -5

Putting together a fairly educational video that actually got me to listen to it for 2 hours, +10

Total result, -16, would be a net positive if he did research on cryptocurrency itself instead of using dated information and remained unbiased throughout the video