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2020s: "Bitcoin is phony and I should know because I interviewed a dodgy crypto exchange CEO" 1860s: "I know crude oil is fake because I interviewed an issuer of dodgy oil company stock certificates"

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Tuur Demeester

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82,301 次观看 • 2 年前 •via X (Twitter)

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Tuur Demeester 的头像
Tuur Demeester2 年前

Just like in bitcoin today, there were lots of crude oil swindles in the 1860s. "I did so much homework! Interviewed pres. S.W. Indle, treasurer D. Faulter, vice pres. Hon. R. Ascal, and secretary S. Teal. What more could you ask for?" Cartoon source:

Tuur Demeester 的头像
Tuur Demeester2 年前

Lots of parallels to be drawn between bitcoin and the early oil industry, which was also rife with scams:

Tuur Demeester 的头像
Tuur Demeester2 年前

My write-up from 2014, "Why Bitcoin is the petroleum of our time":

Tuur Demeester 的头像
Tuur Demeester2 年前

One reason why bitcoin is so misunderstood: it's hard to grasp that it's a layered protocol.

Tuur Demeester 的头像
Tuur Demeester2 年前

A thread I made about the early petroleum industry, again suggesting some parallels with bitcoin today:

Tuur Demeester 的头像
Tuur Demeester2 年前

"Stacking sats? You mean convert my government money into bitcoin and save it for the long term? You're crazy!"

CypherpunkHRH 的头像
CypherpunkHRH2 年前

🤣🤣🤣 He’ll look back on this period of his life someday and cringe. After 2 years of research he thinks SBF is the “head of the industry” 🤣

Tuur Demeester 的头像
Tuur Demeester2 年前

He was talking about CZ, but same point :-)

Bruce Fenton 的头像
Bruce Fenton2 年前

What an arrogant person

Svetski 的头像
Svetski2 年前

The Physiognomy of the hosts of the show tells you what you need to know about the kinds of people who'd take this actor seriously.

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