Shitcoin

FTX fraud highlights Bitcoin’s greatness, ‘Shitcoins’ not – Stafford Masie on Crypto Chaos


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Our go-to guy on all things digital, Stafford Masie, believes the FTX collapse and associated contagion will once and for all highlight the vast difference between Bitcoin and its many imitators – so called ‘shitcoins’. In this fascinating interview with Alec Hogg of BizNews, he discusses FTX and its fraudster founder Sam Bankman-Fried, explains how the FTX collapse was inevitable and why what happened proves that in direct contrast to other crypto currencies, Bitcoin is ’a fundamental, technological gift to humanity that redefines value exchange on a global basis”. A Bitcoin maximalist, he reckons Cathie Wood’s updated forecast this week that Bitcoin’s price will hit $1m by 2030 “is conservative”. Sceptical? Keep an open mind, invest half an hour, and chances are you’ll change that opinion.

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23 Comments

  1. Stop wasting time and money on things that doesn't matter, invest it so you can have multiple streams of income 🔴🔴

  2. Alex please get this gentleman back on your show especially for us laymen, it’s very enlightening

  3. The most cogent explanation that I've come across so far of how crypto exchanges work, what went wrong at FTX and how the field will likely evolve. Thank you!!!

  4. All you have to remember is "Not my keys. Not my wallet". Any crypto exchange can go offline at any moment. They have zero responsibility towards you. Keep your own private and public keys and use the exchanges as …. exchanges only…

  5. Fascinating conversation. My take as a simple " man in the street", is how do you know who can you really trust when contemplating where to invest in the crypto/Bitcoin Space? Also how on earth could anyone with any sense have fallen for Bankman – Fried?

  6. FTX is simple fraud, nothing to do with crypto…failure of custodial services…exact problem that decentralised ledgers solve…i understand the value of the bitcoin blockchain and lightening layer but if the purpose is to transfer value surely this relies on bitcoin value being stable? That's the but i don't understand.

  7. So much respect for how much positivity you put while going through Jobs! I wish you all the best, mate! you deserve it EYE🤑 ON🤑 SIGHT!

  8. Great interview. I hope he becomes a regular. My take is that bitcoin still has no value. The new layer above it that allows instantaneous transactions at extremely low cost is where there is potential value. It would have been nice if he told us how to benefit from that new layer.

  9. "When you stop chasing the wrong things, you give the right things a chance to catch you." —Lolly Daskal

  10. monero is in fact more in tune with bitcoin whitepaper than bitcoin.
    + if you look at ratio tx/node & marketcap/node monero is more decentralized.
    (i agree the rest should not exist at 99.9%)
    bitcoin doesn't allow fro privacy & that's mostly why (along with fungibility) that monero was created.

  11. Don’t worry, Bitcoin has “ died” over 100 times. Stay away from crypto sh1tcoins, buy Bitcoin and hold it for the long term. Don’t get scared by the volatility, it’s your Freind. Just DCA

  12. the way you help👆👆the students showing by the way you're speaking which also boost us to do more thank you for the 3BTC into my wallet you're the best sir.

  13. <I respect your work mate. TA Is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely Ignore the bigger narrative of why BTC is fluctuating and why the future outlook is more encouraging as it seems. It's kinda Irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC.. we were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This Is the worst possible time in history to invest as so many don't back up their crypto assets…more emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 1.5 btc from day trading with Scott Franklin insights and signals in less than 3 weeks, this is one of the best medium to backup your assets incase it goes bearish. I left Scott Franklin contact below take care!…r̫e̫a̫c̫h̫ h͎is V̫I̫A̫ T̫E̫ L̫E̫ G̫R̫A̫M̫
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    ,

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