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hi guys what's up Krypto Marco here in today's video we'll take a look at alt coins what is happening with alt coins what I didn't use furthermore Bill Gates in warren buffett hating on bitcoin why they're doing that we're gonna talk about that in this video so if you enjoy the content make sure to leave it a thumbs up and comment down below because among everybody who's commenting I'm giving away a small amount of light coin every week the giveaway will be conducted Monday because yesterday I came from Barcelona back home and I still haven't wasn't able to prepare the list for the giveaway but now let's take a look at all of the alt coins was happening so poon Dax has made a deal with Q Tim to be accepted as a merchant merchant payment platform very interesting matrix and I have been listed and not on one nano to number three but on four different exchanges so that means the core of course a lot of volume coming in I would not be surprised if that coin would collapse tomorrow again then we have silica which has been listed on ok X and furthermore there is not so much interesting stuff to talk about in the all coins but what is bang go to the future I have never heard of that now let's talk about what Warren Buffett has said so Warren Buffett calls Bitcoin worse than rat poison so he made that claim it's a rat poison Square and Charlie Munger even said trading harvested baby brains just because somebody's trading turd you don't want to be my trading freshly harvested baby brains and then he said something about turds just let me find it right here it's actually not in this text so anyway um why are billionaires who are so damn smart and you should see the advantages of blockchain in Bitcoin so bearish on Bitcoin and in my opinion this is really you can see you have to zoom out a little bit on this whole topic because it's definitely in my opinion a clash of the generations so while for example Warren Buffett and Charlie Munger and also Bill Gates are kind of bearish on Bitcoin younger male billionaires such as for example Jack Dorsey Peter Thiel and Tim Draper they're all heavily bullish on Bitcoin and in my opinion is definitely a problem that the older generation is kind of distrusting cryptocurrencies first of all they're they don't have any trusted in technology and second of all of course they want to protect their private assets because imagine what would happen if somebody like Warren Buffett or what is his name again are Charlie Munger all of a sudden said yeah we are bullish on Bitcoin of course it probably won't mean that they're out of business and that nobody their assets are all of a sudden worthless but in their point of view this isn't police what I think from their point of view the last Power cryptocurrencies have the more is the more secure are their assets so most of their assets are in stock and fun in the classic financial system which is of course completely a complete opposite of Bitcoin and other cryptocurrencies so that's why they have to make claims like that to protect our own assets now as you maybe know Bill Gates also said that he does not like Bitcoin and if there was an option to short Bitcoin he would definitely do it and now the Winklevoss twins our rally polarizing like them or not said dear Bill Gates there is an easy way to short Bitcoin you can short the CBOE Bitcoin future contract and put your money where your mouth is now that's something I really like and I must say I don't know what to think of the whole situation because I really respect Warren Buffett I respect Charlie Munger and I adore and [ __ ] love Bill Gates he's a brilliant man definitely check out the gates notes but I really I am really confused of why these guys are so bearish on Bitcoin it's like how our house like so many people actually able to see what Bitcoin and the blockchain can do for us while they're not and just being ignorant about it so that's really something that's confusing me but they're just you know selfish in that regard want to protect our own assets X Trump advisor predicts global cryptocurrency this is in my opinion where cryptocurrencies are gonna be in the future so we see that certainly right now many models that we're working with are not working for example voting is a big problem in many countries maybe not that much in you know more advanced countries but definitely in smaller countries I think that II a decentralized government or a decentralized voting system at least will definitely be the only option currently that I see that we have to you know progress as a society so that alone is a reason for me why here pretty much it's gonna be very very hard or at least impossible to actually stop a blockchain so just a little thought right there furthermore we're going on John McAfee makes JP Morgan an offer they can't refuse and because I really enjoyed this video I will just let it play let's not be situation and Jamie Dimon and any other CEO in the other bank that might be listening please go you don't have to hang yourself you don't have to go down with your ship you need to accept the reality of the following thing the power structure has already changed and it is changing more and more rapidly in five years you have two choices there will be no JP Morgan Jamie Dimon will be on the street with a hat on a cute puppy dog and a little box saying please donate to feed my puppy because that's the only way you'll make some money or this table with us and let's discuss how you can transform yourself in a way that supports us the people the movement the blockchain revolution because it is coming what do you like it or don't like it whether you want to stop it or not it is here it is coming accept the truth of your situation I know a thousand ways for you to integrate yourself into this food where you will benefit even more than you do know because the blockchain doesn't say don't have money don't have as much as you want what it says is with that money comes no power my friend no more than the power of the tuna that's the beauty get your yachts get your massive mansions all over the world have a thousand Bangkok prostitutes that are cleaning your floor and cooking your food I don't care nobody cares but your power that goes along with that money is gone you'll have no more power to make decisions that change this world then your housekeeper does today I'm making that officer come and sit with me now if that ain't great promotion for the blockchain world conference I don't know what is so I tell JPMorgan the truth and make Jamie Dimon and offered to Phnom Penh with an IQ above 12 could refuse from a video that will be shown at the world blockchain conference in Atlantic City on July 12th of this year I will be keynoting now again as you can see Joe McCann McAfee might be as all as Bill Gates he probably is one of those P in the age of the people of the people who mostly are against Bitcoin but as you can see he's somebody who's willing to see the future and like I don't know man Charlie Munger and Warren Buffett and Bill Gates being bearish on Bitcoin again sorry for coming back about but that'll be also like mean that Wall Street and Nasdaq and the CBO he are making stupid decisions I mean come on you guys next up we have Japan introduces tighter regulations for crypto exchanges so there are a handful of rules which will be introduced to Japanese crypto exchanges some of which I highly agree with some which are a bit strict so first of all not stored the coins will not be stored on online wallets as they are notoriously prone to hacking so probably hardware wallets that's good two-factor authentication for currency transfers will also become mandatory I encourage that in the KYC processing kyc policies will be implemented cool keep a customer asset separately from exchanges as sets and monitor customer balance daily scanning for signs for suspicious transfers great but Manero or - have been prohibited from being listed on exchanges as they are supposed being often used in funding illicit activities oh my god are you actually serious like that's something and I really don't like it's okay for the government where and for banks if you blown money and gamble it away from your account but when you want to purchase cryptocurrencies that is untraceable all of a sudden they are not interested okay well all these submitted applications to operate a crypt exchanged will in Japan will be thoroughly reviewed after which the FSA plan to send its inspectors to the offices of the exchanges where they will assess the situation directly let's see how that plays out for Japan furthermore one not so good news Norway banning Bitcoin so a few bank accounts have been closed in Norway and similar stuff has happened in Venezuela where banks have shut down exchanges accounts and after the exchanges sued and went to court the banks were forced by the court to reopen the account and in Norway apparently unfortunately it is okay for banks to ban these accounts and that is in my opinion just a goddamn shame what do you think about is practice being done in Norway let me know in the comments down below and we will talk again tomorrow so if you enjoyed this video make sure to leave it a thumbs up and comment down below because among everybody who's commenting we're giving away a small amount of light coin until next time and keep in mind that everything in this video is my personal opinion and not financial advice
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