Unveiling the Crypto Crash: Zeke Faux on Factually! – 230
Inside the Crypto Crash with Zeke Faux – Factually! – 230
The world of cryptocurrency has been a rollercoaster ride for investors and enthusiasts alike. The recent crypto crash has left many wondering what went wrong and what the future holds for this volatile market. To shed some light on the situation, we sat down with Zeke Faux, a renowned crypto expert and investigative journalist, to get his insights on the crypto crash and its implications.
Interview with Zeke Faux
Q: Zeke, thank you for joining us today. Can you give us a brief overview of what led to the recent crypto crash?
A: The recent crypto crash can be attributed to a combination of factors. One of the main reasons is the crackdown on cryptocurrency regulations by various governments around the world. China, for example, banned cryptocurrency mining and trading, causing a significant drop in the market. Additionally, concerns over the environmental impact of crypto mining and the increasing number of scams and frauds in the industry have also contributed to the crash.
Q: How do you see the future of cryptocurrency after this crash?
A: While the recent crash has certainly shaken the market, I believe that cryptocurrency still has a promising future. The technology behind cryptocurrencies, blockchain, has the potential to revolutionize various industries. However, it is crucial for the industry to address the concerns raised by regulators and investors. Increased transparency, better regulation, and improved security measures are essential for the long-term sustainability of cryptocurrencies.
Q: What advice would you give to investors who are considering entering the crypto market?
A: It’s important for investors to do their due diligence and thoroughly research any cryptocurrency they are considering investing in. Look for projects with a strong team, a clear roadmap, and a solid use case. Diversification is also key to mitigating risks. Investing in a variety of cryptocurrencies can help spread out the potential losses and increase the chances of finding a successful project.
Frequently Asked Questions (FAQs)
Q: Is cryptocurrency a safe investment?
A: Cryptocurrency investments come with inherent risks. The market is highly volatile, and prices can fluctuate dramatically. It’s important to only invest what you can afford to lose and to diversify your portfolio to minimize risks.
Q: How can I protect my cryptocurrency investments?
A: To protect your cryptocurrency investments, it’s crucial to use secure wallets and exchanges. Choose reputable platforms with a track record of security and implement two-factor authentication for added protection. Additionally, stay updated on the latest security practices and be cautious of phishing attempts and scams.
Q: What is the role of regulation in the crypto market?
A: Regulation plays a vital role in ensuring the stability and legitimacy of the crypto market. It helps protect investors from scams and frauds and promotes transparency and accountability. However, excessive regulation can stifle innovation, so finding the right balance is crucial.
Q: Can cryptocurrencies replace traditional currencies?
A: While cryptocurrencies have the potential to disrupt traditional financial systems, it is unlikely that they will completely replace traditional currencies in the near future. Cryptocurrencies still face scalability and adoption challenges, and governments are unlikely to give up control over their monetary policies.
Q: What is the environmental impact of crypto mining?
A: Crypto mining, particularly for cryptocurrencies like Bitcoin, requires significant computational power and energy consumption. This has raised concerns about the environmental impact, especially considering the reliance on fossil fuels for energy generation. However, there are efforts underway to develop more sustainable mining practices, such as using renewable energy sources.
As the crypto market continues to evolve, it is essential for investors and enthusiasts to stay informed and adapt to the changing landscape. While the recent crash may have caused some uncertainty, the underlying technology and potential of cryptocurrencies cannot be ignored. By understanding the risks and taking necessary precautions, individuals can navigate the crypto market with confidence.
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I was hoping for informative, investigative analysis of what's good or bad about crypto, and all this was is a bunch of hysterical yukking about how crypto people are crooks or idiots, and no explanation. Plus a few commercials for sketchy sounding products, like thc gummies and crap. Disappointing.
I also came here for factual information about the pro's and con's of crypto, but its just making fun of people who like crypto. Not a particularly useful or well round look on the subject.
Damn boss, if you bought Solana in Jan 2023, you'd up 900% YTD and you out here saying its dead? Market cycles not gonna stop till 2025, this video is gonna look so garbage. by Summer 2024/2025. If you like the government subsidy lifestyle, then I guess Adam CONover is your guy.
Walmart uses crypto for distribution purposes. Not saying most aren't scams, but there are actually companies and people using it for things other than that.
that is vicky ho picture behind zeke faux
β¦ and. Now Bitcoin is back with a bang!
Corporations kind of won again with this one, much like they did with "metadata." They controlled the narrative, and people immediately focused on the obvious cases of misuse. I despise this self-righteous attitude from so-called "Leftists." Those with influential platforms had the chance to address the issue, but instead, they opted for the short-term, easy win. They fell for the "told you so" narrative and never moved beyond it.
I believe this is mainly due to their dependence on using others' work/media to compensate for their lack of original content, driven by their own greed and self-interests. It makes me sick.
The situation presented a perfect opportunity, while it was in the limelight, to advocate for narratives on laws, regulations, and, more importantly, user rights for non-tangible assets. Currently, non-tangibles are strictly one-directional, and part of crypto's appeal was the use of a structured registry system that could be publicly monitored, enabling traceability to original right owners and the imposition of conditions on that medium.
Corporations resist organization in areas that hinder their progress. Implementing secure, traceable data management is not in their best interest when dealing with "non-tangible assets" because it complicates justifying speculations that benefit them. Transforming the process into a casino makes it harder to pinpoint what needs attention.
Consider what happened with metadata. People were outraged, but companies still collect your data; they just get to "reinvent" the wheel, wasting more time and creating new problems along the way.
I want to be able to sell a game, movie, or music I've finished using. I want independent artists to have rights to their work, with easy access to understanding the use of their mediums, protected by a solid cultural understanding that can't be subverted by claiming "it's too hard; someone will just screen capture a jpg."
The narrow perspective on each medium and its potential growth is simplistic. Allowing regression of our rights is mind-boggling.
I may be oldβnot ancient, but old enough to graduate high school when my peers didn't know what an email was and had to take classes on turning a computer on. I was lucky to see over and over how narratives change with disruptive digital progressions, from power for you the user, to the masses and corporations wants subverting your advantages because of your lack of knowledge and filling the pockets of those who need hubris. I was fortunate to have computers in my life before starting school, with two engineer parents and older brothers who programmed. My point is, my understanding has always emphasized the tremendous organizational capability of computers. This should be paramount in analyzing the value of whatever emerges from them, and our dialogue should focus on each new tech's potential benefit for us. Corporations exploit this for financial gain, yet we don't fight vigorously enough for the same benefits for ourselves. Instead, we resist progress out of fear of potential misuse, when we should be saying "if" rather than outright rejecting it.
Gah, this makes me angry.
The best usage for crypto could be replacing county recorders⦠but there is nothing useful financially
Hmm..and yet nations are moving to institute digital currency and the SEC is about to approve an ETF for BTC…but OK. It would be more interesting for you to cover the reasons why governments want to convert to propriety digital currencies, as opposed to using existing BTC, but it sounds like you don't actually understand why it was created in the first place.
Zeke is adorable! Great guy!
I was expecting some kind of fact check and technical understanding of how it works, but the guys were laughing on how people are dressed up and what movie they played in when they were kids.
Highly professional. Zelenskyy was Russian comedian before, does it make him a bad president?
After all what happened USDT is still $1, crypto is still the only way I can support my friends in Ukraine without my money being stolen by a bank with no way to get it back and bitcoin is 100% up since you published your video full of personal opinions and sarcasm.
Crypto is the only way for many countries to beat the inflation. Yes, they were a lot of projects that were scams. A lot. Now look at the banking industry in any country, how many banks are still around that existed 200 years ago? This industry is a Wild West now, itβs slowly maturing. Only 30% of Americans own crypto but majority keep it on the exchange and ruins the whole idea. Not your keys- not your money. Learn the technology, learn the basics so you wonβt fall into scam.
Adam, I appreciate the content you make and I appreciate you addressing the big red flags that the cryptocurrency industry has: FTX, Celsius and other pyramid schemes, mind-blowing price tags for jpeg images, dog meme shitcoins, tokens shilled as if going to the moon and the rug pulls that followed after. However, I would like to invite you to consider the power of a public decentralised immutable ledger that the blockchain technology brings with it. While itβs true that some of the technologies are already old and inefficient, it would be naive to overlook the research and progress some of these projects made in the field, as well as not addressing the limitations the current centralised financial system has. Itβs been proven time over time that when given power, people become very easily corruptible and are willing to do unimaginable things to continue holding on to the power – and Iβm referencing the video you made about billionaires, with which I completely agree.
Blockchain and public decentralised ledgers, at the end of the day, can create the space in which people are not able to centralise political power and wealth anymore, if implemented correctly, and can give transparency and equal rights to all actors of the financial system.
I donβt advocate that Bitcoin is the answer, but I believe it would be a mistake to discard the technology altogether. The fact that Alex Mashinsky was able to raise 20 billion dollars says a lot regarding the greed that governs over the human psyche, but I equally think it says a lot about the state of the current financial system, which is held together by an over-worked ever shrinking middle class, so desperate to seek refuge in assets that hopefully wonβt lose their value as much as current traditional currencies do.
Adam is a complete moron. Got his talking points from Elizabeth Warren
Do you remember crypto? Itβs still around and people still use it. You have declared it dead, again, as many others have before you in the past 15 years. They were wrong, and you are wrong with them. Add yourself to the list of uninformed talking heads that have declared crypto dead when it certainly isnβt.
Obey isn't a great comparison because that's at least a clothing brand, with actual tangibility
No you didn't investigate crypto in the beginning because you didn't know where it was going and didn't want to be wrong. That's what I'm thinking but I could be wrong.
Im watching this video and i keep thinking "that is funniest and dumbest thing ive ever heard". Then repeat 30 seconds later….all the way to end of the video….
It was a short run humanity. Wish i could say it was good.
Are you feeling ashamed yet or should we wait a bit more?
It won't go away though.
I just want to let you know Adam, that like Jon Stewart you are quickly becoming a "trusted" voice I turn to for insightful commentary about this crazy new world we are living in. Thank you for being you!
Bitcoin is $43,000+, update video maybe? π
Excellent episode enjoyed the whole thing
Aged like milk
Dude thinks he has gotten a better return on his bank account than if he had bought Bitcoin in 2015… Astonishing
I think most of the critiques are valid, but mostly just in the context of the low-cap fly by night memecoins and NFTs. The bitcoins and ethereums aren't going away unless the government cracks down on access to exchanges. There will always be more fools, especially as young generations have more difficulty investing in traditional assets (real estate in particular) or seek higher returns than the stock market can provide.
Your podcasts are interested but I'm still bummed about finding out you're an antisemite
Some people have amnesia and forget lessons really quick. Scammers take advantage of that.
Aged well π , look at bitcoin now π
1 btc was 300 dollars in 2015, are you telling me your bank multiplied your money by 100 π€π€, by 250 π’
Yu interrupt too much
This video is aging like milk. Oh look btc 10k away from a new all time high. Oh thr biggeat asset managers in the world are now involved. Oh more capital inflows to crypto than in its entire history. Adam has literally gaslit hia viewers in to missing the biggest bull run of all time hhaha. Beware of false profits…. see what i did there? This guy is a tool.
Jeez this aged well
ππ π€£ This video marked the EXACT Bottom of you had bought BTC the day this video came out you would have 5Xyour investment in this βdead scam!β That is clearly OVER hahahaha FUCKING π€‘βs.
This channel is called the aged like milk channel
Just to circle back to this. If you bought one bitcoin on the day this video was made (October 11, 2023) and sold it today (March 4, 2024) you would have made roughly 150% profit or $40,000. Just saying. The best time to buy crypto is usually when you hear the media say βcrypto is deadβ. π
So this didn't age well
Video aged like milk!
i mean…. bitcoin is worth 73k per coin today…
well, this video aged badly π π π
I would genuinely like to know what milestone Bitcoin would have to hit for it to be considered a legitimate asset by folks who truly still believe it's a scam. It seems odd to be screaming at the top of their lungs that Bitcoin is going to collapse and folks who bought it early on are being scammed… These folks are already millionaires, so if the scam was to make them millions than success I guess.
But at the prices BTC is now and will be soaring to, it isn't really an option for the average person anymore. It will be very hard for a 9 to 5 person on a median income to just go out and buy a few Bitcoin, so who are they yelling it's a scam to now? Blackrock? Fidelity? These massive funds with access to data and technology that literally run circles around the financial advice of the average consumer?
I am genuinely curious what the milestone of legitimacy is for people who still doubt or is there no milestone? Just.. "Bitcoin bad" from here to 100k and beyond? If you're a bitcoin doubter reading this, please, feel free to seriously comment what your milestone is for this asset to be legitimized in your eyes.
Hey ADAM – how about another visit on how Crypto is dead?
Please? I need this explained again, the first time didnβt make sense.
Stoooop.. I invested all my money (420.69$) into CrapcointotheMoon Coin.. nuuuuuuu
This vid and Faux,s book are not aging well. SBF is the problem not crypto. And just look at Bitcoin now. Faux has turned out to be faux.
Never bought into this s#t – I'm to suisse for crap like thus
When I hear about crypto now. I can't help but associate it with the following: scammers, foreign militias, terrorists, and wanna-bees