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Joined 1 year ago
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Cake day: June 21st, 2023

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  • This video has seemingly no sources for its claims.

    It’s just an introductory video. The references are in her book. I counted around 300.

    Lyn Alden is part of “Ego Death Capital”, a venture capital company around cryptocurrencies (https://egodeath.capital/team)

    Only Bitcoin. Bitcoin is not any crypto or altcoin, which I agree most are scams.

    Lyn Alden is the Board Director of Swan Bitcoin - a Bitcoin investment platform (https://www.swanbitcoin.com/alden/) Lyn Alden is not an economist (https://www.lynalden.com/about-lyn-alden/)

    Who are you expecting to make a video about the failure of the current system? A banker?

    Bitcoin cannot be diluted (~27:25) REALITY CHECK: Bitcoin is always being diluted until it reaches its hard limit.

    What she obviously means is that nobody can delute it. It creates new money at a mathematically determined rate.

    The value of Bitcoin has only increased over time (~27:50) REALITY CHECK: The log scale is playing tricks. A linear graph would show how volatile Bitcoin has truly been.

    She doesn’t say that. She says bigger highs and bigger lows, which is true. That doesn’t mean it always increases.

    Bitcoin’s hard limit is likely very dangerous for the network (~29:00): Once the hard limit is reached, it is unclear if people will keep >pumping computing power at it. If the creation of new Bitcoin is no longer allowed, it is possible that transaction fees will need to >be raised to compensate miners.

    Dont worry, it will happen in 2140.

    And of course is Bitcoin propaganda, and more of this quality is needed.