IN THIS EPISODE, TUMISHO EXPLAINS WHY BITCOIN CANNOT FUNCTION AS A MEDUIM OF EXCHANGE & AS A SPECULATIVE ASSET CLASS SIMULTANEOUSLY. HE ALSO PROVIDES A BRIEF CRITIQUE OF CHARLENE FADIREPO'S BITCOIN IDEOLOGY, AS WELL AS COMMENTING ON HER CONTRADITORY STATEMENTS FROM HER LATEST APPEARANCE ON YAHOO FINANCE.
CHARLENE FADIREPO BELIEVES THAT BITCOIN WILL ALLOW WOMAN OF COLOR TO BUILD GENERATIONS, THEREFORE MAKING IT A TOOL FOR SOCIAL JUSTICE.(00:53)
WHAT IS SOCIAL JUSTICE, AND WHY IS IT AN UNDESIRABLE OBJECTIVE FOR SOCIETY TO ACHIEVE?(02:52)
THE GUEST CONTRADICTS HERSELF BY CLAIMING THAT BITCOIN IS A WEALTH BUILDING TOOL, BUT IS ALSO A CURRENCY FOR THE PEOPLE.(09:23)
A WEALTH BUILDING TOOL CANNOT FUNCTION AS A CURRENCY, BECAUSE A CURRENCY'S VALUE HAS TO BE RELATIVELY STABLE.
WHY REGULATE BITCOIN IF THE MAIN PURPOSE OF BITCOIN IS TO FUNCTION AS A DECENTRALISED CURRENCY?(15:20)LISTEN TO OVER 75 MILLION SONGS, ONLINE OR OFF, TOTALLY AD-FREE, WITH APPLE MUSIC: https://apple.co/3wBpUPE
CHARLENE FADIREPO INTERVIEW ON YAHOO FINANCE: https://youtu.be/qiUHXuIsRaY
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