The following video is brought to you courtesy of the World Alternative Media YouTube Channel. Click the video below to watch it now.
Josh Sigurdson talks with author and economic analyst John Sneisen about the absurdity of the claims constantly made against Bitcoin.
Starting it off is the claim that Bitcoin is great for money laundering which couldn’t be further from the truth. Considering it’s totally traceable and fiat cash isn’t necessarily traceable, Bitcoin is actually bad for laundering money, not that people should be deterred from protecting their money from being stolen. In fact we have recently reported that only 0.04% of people reported their Bitcoin to the IRS according to Credit Karma. The difference is, it can be traced, the laws are just unenforceable.
Then there’s the claim that it is fueling the opioid crisis which is utter nonsense. If people wish to buy fentanyl, that isn’t Bitcoin’s fault just as it’s not fiat’s fault when fiat is used. Of course fiat is far more commonly used as dealers wouldn’t be very smart to use something traceable to sell something incredibly dangerous with so many adverse effects.
Then there’s the claim that Bitcoin is used to fund you know who. We cannot name them here on YouTube or we will not get ad revenue at all. But you know who we mean. The funny thing is, 99.9% of money used to fund you know who is in fiat. Should we ban fiat? Well you won’t get as many arguments over that.
Let’s not forget that government is the biggest sponsor of you know who.
In the end, the media can spread FUD all day about cryptocurrencies and it may temporarily work, but people will always disregard it long term as we are witnessing a monetary revolution before our eyes without a single casualty. It’s a beautiful thing.
Stay tuned as we continue to cover this issue!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
Visit us at www.WorldAlternativeMedia.com
LIKE us on Facebook here:
Follow us on Twitter here:
Tweets by WorldAltMedia
FIND US ON STEEMIT:
BUY JOHN SNEISEN’S LATEST BOOK HERE:
Help keep independent media alive!
Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship!
Buy Tickets for G. Edward Griffin’s much anticipated Red Pill Expo 2018 in Spokane, Washington by clicking the link below:
World Alternative Media
“Find the truth, be the change!”