January 28, 2022

Why Bitcoin Can't Function As Currency & Asset Class Simultaneously

21 minutes

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.

EPISODE CHAPTERS:

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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By Equity Kings