An Honest Conversation On The Problem With NFTs & Cryptocurrency, with @Folding Ideas



In this episode, Chelsea speaks with Dan Olson from @Folding Ideas to discuss his recent explainer video on the danger of crypto and NFTs.

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37 thoughts on “An Honest Conversation On The Problem With NFTs & Cryptocurrency, with @Folding Ideas

  • April 3, 2022 at 8:20 am
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    Omg great interview!!!!!

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  • April 3, 2022 at 8:20 am
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    Hey are you smarter than me people sure crypto hasn't already caused the recession we are currently being told were not in. I mean just cause the stock market hasn't crashed I would have to say the few numbers I've tried to hard not to see scream to me we are already……balls deep?

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  • April 3, 2022 at 8:20 am
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    Look at those vidya games and meme set-up Dan has. Dan is 100% an actor, ripping a brand new one on the haters.

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  • April 3, 2022 at 8:20 am
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    good vid but there is a lot of popping in the audio

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  • April 3, 2022 at 8:20 am
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    I love getting bitcoin commercials, and crypto credit card ads during the video…makes me feel like I'm living in GTA

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  • April 3, 2022 at 8:20 am
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    Dan is great. Chelsea is literally trying to write a bitcoin is racist article for msnbc in the middle which detracts from Dan

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  • April 3, 2022 at 8:20 am
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    He doesn't know what the fuck he's talking about. Should at least get someone knowledgeable to give a counter perspective.

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  • April 3, 2022 at 8:20 am
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    I think the microphones on this show could really use pop filters. I turned down the bass and mid range a bunch to ease off the concussion on my ears, but just putting a sock on the mic might fix it.

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  • April 3, 2022 at 8:20 am
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    Awesome video 🙂

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  • April 3, 2022 at 8:20 am
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    I loved Dan's video, but the answer to 'Why are NFTs bad' isn't 'cryptocurrency etc etc etc', it's 'they're a vapor product with no inherent value'. If you could buy NFTs with cash they'd still be bad.

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  • April 3, 2022 at 8:20 am
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    25:00 Dan: "Elijah Wood is interested into it as a hobby"
    Interviwer: *softly dies inside *

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  • April 3, 2022 at 8:20 am
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    I understand his points, but as a person living in an undeveloped economy with an official fiat currency with 10% per year of inflation, it's kind of the only option to have some crypto on my wallet. Not even our own government cares about our currency. There are even some countries where the government forbids buying dollar trying to force people to use their shit Fiat currency (exemplo: Argentina, Turkey). Even dollar now is being destroyed slowly by FED. So that's why all my money is invested into stocks, REITs and crypto. There are some countries where your own government forces you to quit fiat currency. But I'm advocate just for Bitcoin and Eth, I would not suggest buying those other altcoins

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  • April 3, 2022 at 8:20 am
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    In the current years it's been the popular trend to just place blame instead of doing the work and research to find a solution that has merit. This was also the case with the whole defund the police bull shit which didn't take account of systems being made up of individuals, location, and safety concerns. People were stupidly advocating to put unequiped mental health workers in dangerous noncontrolled situations on the street to deal with criminal activity perpetrated by mental breaks or drugs. Not to mention the effect on crime defunding the police would result in which doesn't just effect the safety of citizens but also how it reflects on economics like insurance. Insurance would sky rocket because the location you reside and travel in has become far more dangerous. It's really a communist or anarchist mindset going around out there now but these structures never provided a stable solution, they were idealisic and would collapse society into chaos because they had no structure.

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  • April 3, 2022 at 8:20 am
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    OK, hear me out; I applied for a "talent provider" that aims to help people of color on STEM get a foot on the tech industry. The program partners with various companies willing to give internship to new comers. Companies' representatives give a short presentation to the "fellows" for why they are a good place to start one's career. Well, this year, one of those companies was a startup crypto company. To say what this company does exactly is difficult as the pitch they made was as vague as any other pro-crypto message out there. Among the 'perks' to attract interns (other than "we care about diversity" because of the target audience) was "developing technologies for the future of web 3.0," "get involve in crypto investment," and stuff like that. This distresses me enormously.

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  • April 3, 2022 at 8:20 am
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    i’m flabbergasted I come across people who are this sceptical without understanding money printing, Central banking digital currencies, and criminal banksters behaviour and what bitcoin is which is based on cryptology, they just throw the word crypto around without understanding what that is… just know this it’s not a question of if you buy bitcoin it’s a matter of when and you get it at the price you deserve

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  • April 3, 2022 at 8:20 am
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    I do not understand the point of there extremely opinionated opinions….(nothing I suspect) They say the word crypto a lot although there’s only one coin that is backed by cryptology and that is bitcoin and if you don’t understand that it’s going to be the global currency because of CBDCs and money printing us into hyperinflation then you need to maybe have a discussion about something that is reality because those things are the reality that are making bitcoin the future Global currency because Bitcoin is backed by cryptology that is decentralised…

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  • April 3, 2022 at 8:20 am
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    I’m a 10x devour of “the line goes up” – aiming for 25x-ish

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  • April 3, 2022 at 8:20 am
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    I love my local wallet inspector! He's a very nice guy. Gets rid of my expired $50 bills. I have a lot to be thankful for in a guy like him, preventing me from getting in trouble with the government, and being sent directly to jail for illegal currency.

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  • April 3, 2022 at 8:20 am
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    This guy is reaching very hard to fight against progress. Our monetary system, and systems of "ownership" are extremely antiquated. It sounds like he has no solutions. He calls fiat currency good, even though no fiat has lasted longer than 200 years and leads to turmoil and wars when these economies fail. Lots of talk and a lot of theory. You can apply many of these arguments to any new, speculative product or technology. That doesn't make them true, or valid.

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  • April 3, 2022 at 8:20 am
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    We have business customers wanting to FOMO into crypto…we as a business try to point them to using the underlying tech not in non money grab way or bubble joining way… instead as a method of for example communicating directly with customers in a personal way….yet look at F1… the number of unscrupulous companies now plastered over those cars is astounding😓

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  • April 3, 2022 at 8:20 am
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    I could listen to this man talk about this topic for like days, thanks you for giving me another delicious portion.

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  • April 3, 2022 at 8:20 am
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    Crypto is just a faux-decentralized version of Company Scrip for the 21st century. Everyone involved in it is either playing people or getting played.

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  • April 3, 2022 at 8:20 am
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    "plus you get free drinks AND you get to smoke inside!" really made me laugh . Its very nice seeing a channel that takes a very progressive and funny spin to finacial advice! I'll be checking out this channel more in the future.

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  • April 3, 2022 at 8:20 am
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    What a great point about stability and why Crypto cannot be a currency precisely because it is so volatile and may I add subject to speculation too.

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  • April 3, 2022 at 8:20 am
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    I haven't seen a Cryptocurrency ad in, oh, years, now.
    Every single advertisement on this video and Dan's video have been Cryptocurrency ads. And the script in them is remarkably real to his experiences. Wow.

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  • April 3, 2022 at 8:20 am
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    I always picture Lionel Hutz from the Simpsons, "the difference between us and other banks is that other banks are banks"
    … Only with the work "currency"

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  • April 3, 2022 at 8:20 am
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    Cryptocurrency is an anonymously founded, shill ridden, digital device dependent, equity exchange ledger made of electricity. It's the digital age's version of wooden nickles.

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  • April 3, 2022 at 8:20 am
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    A wallet inspector, garage certified, these lines are GOLD 😂

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  • April 3, 2022 at 8:20 am
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    Eh, bitcoin was basically made for libertarians and anarchic economic system in general, you just need to read the introduction from the whitepaper to understand that

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  • April 3, 2022 at 8:20 am
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    I watched Dan's video and this interview, and I was much surprised that the same journalistic rigor Dan took in his video was not applied to him here. It's easy to get confirmation bias from agreeing philosophers. The only way to expand one's universe is to be open to the possibility that there might be something worthy beyond it. I am a life-long learner, educator, technology entrepreneur, born in a communist & dictatorial country… I'm also a DeFi founder, from a DAO. I will be happy to have a civil sitdown with Dan and Chelsea, and give an alternative perspective on these subjects around crypto, Web3 and DeFi with the Folding Ideas community.

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  • April 3, 2022 at 8:20 am
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    I came here from Dan's video… and it's absolutely mindblowing how well he explains the dangerous aspects of NFTs and blockchains and DAOs, and this interview is an even better look into his thoughts on crypto and NFTs. Enjoyed this a lot, especially how Dan comes across as just an "everyman's man" who is really knowledgeable.

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  • April 3, 2022 at 8:20 am
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    Is Dan saying that any currency with a finite amount is deflationary?

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  • April 3, 2022 at 8:20 am
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    I think a huge, huge problem is Americans (everyone, but I think Americans most of all) are conditioned to think in binary, ESPECIALLY if they perceive that two systems are seemingly adversarial. They believe that if two systems are at odds, one MUST be correct, or good. For instance, an….. insanely troubling poll showed that a pretty large percentage of people would side with the Axis in WW2. There's probably at least some true fascist sympathizers but I think many people are living under hardship and thinking like, "Well life under an Allies victory didn't turn out very well for us," and therefore, their opponents must have been on to something- not judged objectively, but simply due to being an adversary. I think people are seeing crypto the same way. I've heard some people pivot repeatedly to crypto being hated by old money or banks or the government as insinuated proof that it must be doing something right.

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  • April 3, 2022 at 8:20 am
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    What's so hard for me to grasp if crypto is just a pyramid scheme is that it has been so validated by three or four of my favorite financial podcasts people that are skeptical of investments with dubious value. Vitalik Buterin has been on Lex Friedman's podcast, Eric Weinstein's podcast even Jordan Peterson the amount of exposure people have given it, people that I thought were intelligent and had integrity. Now I don't know what to believe has everybody been fooled by the complexity of a subject no one understood? Utopianism – a world without banks and control?

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  • April 3, 2022 at 8:20 am
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    fantastic video, please use a pop filter.

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