I guess some people are concerned about the newest Bill Maher episode, but to me it means little to nothing. I should be honest and say that I do follow his show, and for the most part agree with him, but here, he missed the shot by a mile.
The right questions
Bill says in the short clip that is now viral, that he's been explained Bitcoin, and that he doesn't understand it. Meaning that he may get the mechanics, but is lost when it comes to the philosophy.
To be fair, he does bring up some real points here, but he fails to see that his criticisms not only "bash" cryptocurrencies, but demolish the concept of FIAT.
The old adage (at this point) "Money from thin air" is more applicable to the USD, but I'm sure he's not thought of it this way at all. Why is FIAT valuable, except for the fact that we agree as a society that it is?
Good news everyone
We are still early in the game. This somewhat confirms it to me. If it's making the dinosaurs so uncomfortable, it means its starting to crawl up their rectums.
Does it matter if they change their mind? You might ask. I think it doesn't to be honest. I could not care less if tomorrow Warren Buffet comes out as a Ethereum whale. The idea behind the crypto movement is that it does not require the legacy system to approve of it.
After all, it's here to disrupt it.
MenO