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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 Aufrufe • vor 3 Jahren •via X (Twitter)

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Profilbild von Tuur Demeester
Tuur Demeestervor 3 Jahren

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:

Profilbild von Tuur Demeester
Tuur Demeestervor 3 Jahren

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

Profilbild von Tuur Demeester
Tuur Demeestervor 3 Jahren

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

Profilbild von Tuur Demeester
Tuur Demeestervor 3 Jahren

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

Profilbild von Tuur Demeester
Tuur Demeestervor 3 Jahren

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

Profilbild von Tuur Demeester
Tuur Demeestervor 3 Jahren

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

Profilbild von CypherpunkHRH
CypherpunkHRHvor 3 Jahren

🤣🤣🤣 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” 🤣

Profilbild von Tuur Demeester
Tuur Demeestervor 3 Jahren

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

Profilbild von Bruce Fenton
Bruce Fentonvor 3 Jahren

What an arrogant person

Profilbild von Svetski
Svetskivor 3 Jahren

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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