Peerplays Peerplays Reaction Videos, 10 Jun 2022

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From YouTube: Bitcoin is Dead: Jonathan reacts to fox news calling for a crypto winter

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Bitcoin is Dead: Jonathan reacts to fox news calling for a crypto winter.

Of course bitcoin is not dead.. but fox news wants you to feel differently.

Original video: https://www.youtube.com/watch?v=6W1TrYgB_pI
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#crypto #cryptocurrency #bitcoin #cryptowinter #bitcoinnews #investing #stockmarket #peerplays #finance #finances #jonathan

A

Let's just take a look at what fox news had to say about the crypto markets.

A

Fox news had something to say about the crypto markets, saying there's going to be more pain, they had an expert come on the show to give his input on it with morning with maria, and it was quite interesting the way that it all went. Some of the content I agree with what's more interesting is how it went overall and what the messaging behind it all was. So, let's just take a look at what fox news had to say about the crypto markets. Here we go.

B

Welcome back several crypto firms, reportedly cautioning, that thousands of digital currencies and blockchains are likely to collapse in the coming years. Comparing the market.

A

Okay, so just before stopping right there at just before I I let uh andrew give his answer, I'm sure it's probably a really good answer. uh So what was interesting was that she said several crypto firms right and uh are cautioning.

A

She doesn't tell you who they are now keep in mind that this is the mass media uh that this uh news media organization is owned by very powerful individuals uh and powerful organizations, and it is likely that there's a reason behind why they are wanting to run this kind of story now. So uh just be mindful of that, when you see clips like this, it's really just generating a lot of fear, the guy that they had on board. uh He gives his answer. Let's, let's hear what he has to say.

B

Andrew thanks very much for being here. What is your take on all of this commentary about the crypto market and this potential collapse.

A

Potential collapse, yeah.

C

Great great to be here again always love being here. Thank you so much for having us uh very gracious.

A

C

Market is secular right and we're we're going to start.

A

C

Times the market and we're going to see up times in the market and.

A

Especially some.

C

Of the down times, the market is where a lot of the innovation is done. uh One of the biggest issues in the industry is just a lack of developer talent, because the industry is so new when we're waiting for the job.

A

Okay, I'm just gonna stop right there, so so what what he does is is brilliant. He first says so so she's. She goes on and says like. Oh, it's gonna collapse like the dot com bubble and he comes in and he goes well the market's cyclical. We have ups and downs, and this is actually the time when all the innovations happen.

A

So you totally takes this like big fear-mongered uh introduction and turns it into like. Well we're gonna be creating the best stuff there ever was now. So that's what's going on and then he goes on to say like well the biggest challenge we have really is getting developer talent uh and he's talking about that now, which is true I can. I can concur getting developer talent in the blockchain space is very, very difficult.

A

It's not that we don't have enough smart people in the world. The problem is, is you have all the traditional tech companies that have sucked them all up and because this is so new and because crypto is so small there's not a lot of people that are available for that talent and the kind of stuff we're doing we're talking about like advanced cryptography here folks and there's not a lot of people in the world that honestly, are very familiar with that.

A

Yes, if you're doing something with ethereum and you're doing things like smart contracts and that kind of thing, and then you say you, you do blockchain contracts, that's not the same. That's not the same! uh This. uh This kind of work requires uh ensuring that things are working correctly and and the type of the type of developers that that can do it right often are senior resources, and so it's difficult to find those kinds of people.

A

So, but let's let's hear what he says, it's true with that in the down market. This is like. The big thing is like we're just trying to find people. So let's hear the rest of the way to say so,.

C

What actually happens when there is a crypto winner or a downturn? Is it allows these uh developers to aggregate into very specific verticals and very specific uh projects? That's where we produce some of the best tech we saw uh out of one of the downturns in 2014 we saw ethereum, which everyone is familiar with come out of, that we saw of the downturn of 28.

A

So he's he's backing up his argument now about.

C

Things like avalanche about how this has happened over and over again um come out of that, so I think that uh we're almost certainly going through one of those cycles now, but this is when we see the space.

A

Okay, just look at the stuff that they're putting on the screen, while this is going on. Look at this. It's like down down down down like you know that it's such a manipulation of the information instead of showing something on the screen that actually reflects the message he's giving they're trying to like it's almost like they sabotage it.