THE TRUTH ABOUT CRYPTO.

Mason Versluis argues that fiat money is worthless and crypto's real potential emerges when people stop pricing assets in dollars. He warns that Web3 wallets like MetaMask merge identity with finance, exposing holdings to public view, and that Bitcoin is technologically stagnant compared to newer networks like Ethereum.
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What value and what, uh, what value and what is crypto backed by? Absolutely nothing. Yeah, well, guess what? What's your currency backed by? Absolutely nothing. What's your paper currency backed by? Nothing. Oil, war, gold. No, we need currency to survive. What do you mean? Yes, we do. Well, we don't. No, we actually don't. You need food and water to survive and shelter. You don't need currency to survive. Currency is bullshit. Can you eat that money? No. Then it's bullshit. It's made up. We're just in a system, in a big system, a a bubble that requires a currency to be moving around for people to function, you know. That's it. Currency's actually bullshit. Currency is bullshit. Currency is nothing primal about— to quote Liver King, there's nothing primal about currency. Actually, there kind of is. There's, there's primal stuff about trading and bartering, you know, trading that stuff for stuff. But currency, you're trading like some bullshit for some stuff. Time is handmade. Yeah, so currency is stupid, but we, we're playing a game here. It's not our game. In the words of Prince, it's not our game. It is not our game whatsoever, but we have to play it, and it's— there's money. So money is a thing. But the main thing with crypto— let me, let me tell you when crypto is going to take off. This is when crypto will explode. When you get into crypto, the main red pill that you have to swallow is that money is fake. It's— is that money is fake. When you get into crypto, the first thing you're gonna realize is that fiat money is bullshit. That's the first thing. And once the whole world knows that, that's when crypto will really take off. Because what we're doing right now with the meme coins specifically, we make a, we make a currency and we tell people it's worth this and there's this much of it, go trade it. They buy and sell it, buy and sell it, buy and sell it, and value goes up against the US dollar that, you know, the other faction made. So we're creating value out of nothing with meme coins, creating value out of nothing. So once the whole world knows that you can create— like, the currency's created out of nothing— what value will crypto have? That's the key there. You're getting to a good question. What value will crypto have? Guess what? We're all idiots because we get up— this is why we're all idiots— we get up and we look at the crypto, uh, charts, right? And what are we measuring it in? US dollars. Like, we're all idiots. We're back in their system. We get up and we, we look at our coins all in US dollars like, oh my goodness, Bitcoin is $40,000 US dollars. You're back in their shit. We need to measure— we need to measure the whole market in one currency. ETH. XRP, something that's not part of their shit, you know, and it— and not a stablecoin pegged to the US dollar either. I don't want that either. I don't want the whole market to be valued in USDC and us to accept that that's good. I don't want that. Put it in something that's ours, that we made. USDC is arguably not ours, it's Circle's. And they're owned by the government and they bend over to the government. So we need to wake up and watch what I'm gonna do. This is how we should be doing shit. Watch this, I can do it. I'll show you an example. Watch this, hold on. Okay, when you go on CoinMarketCap, right, this is how your thing looks, right? This is what everybody's doing, even the Bitcoin maxis who hate the US dollar. They wake up in their little morning and they check their little charts and they're looking at US dollars. This is how we have to do it. Go up here, click this, and click ETH. Boom. Now look at my charts. Now look at my charts. Now look at what Bitcoin's worth. One Bitcoin is worth 14.41 ETH. Now look, this is how we gotta do stuff. Or Or come over here and type in XRP here, and we can value the entire market in XRP. One Bitcoin is 67,000 XRP. This is how we have to do shit. This is how we have to do shit. This is how you disconnect from the dollar, you idiotic Bitcoin maxis. We can't be waking up worrying about the price. That's why Jack Dorsey, that's why Jack Dorsey on Twitter said he doesn't even check the Bitcoin price. Because he's actually smart. We don't care about the Bitcoin price in US dollars. I'm serious, this is a rant, dude. You learned something new? Yeah. Who, who else learned something new just from that? You can do that for any currency. Watch this shit. You want it in— you want it in Doge? You want it in Doge? Whole market, whole market valued in Doge. Look at this. Is this how we're gonna do it, Elon? Hey Elon, are we about to do it like this? 30— 326,000 Doge for 1 Bitcoin? Look at this, you can see all the prices. Avalanche is 362 Doge per 1. Put it in Luna? Okay, that's kind of messed up. Oh, they don't even have Luna. Okay, I guess it's only main— it's only main currencies, I guess. It's probably only top 10, but I guess Doge— is Shiba there? Nope, Shiba's not even there. Okay, I gotta take that off Doge now. Why not just use Bitcoin or a percent of Bitcoin as the standard to measure against? Yeah. I just think the only thing like bottlenecking that, because that's a whole adoption thing too, we, we need to adopt that, right? How do you get all the masses to adopt what I just said, measuring the market in ETH or whatever? How do you get them to adopt that? And the only bottleneck we will have with that, and the problem we'll have with that, is that a normal person can't do the math for it instantly. It has to be one. It has to be a one. It has to be a 1, 2, 3, 4 thing, you know what I'm saying? So if you, you can't value something like, oh, how much is my ETH worth? 0.4356. Like, you can't be doing that. So basically what I'm saying is we just need a brand new currency that is just one. So it does need to be a stablecoin. Like, it all comes back to the US dollar. That's the thing. That's why they have us screwed here, dude. It has to be stable. Yeah, it has to be easy to think about. Or, or, or no, or it has to be like, or the method of using it has to be so easy that you never think about it. So you never have to do a calculation at the dinner table when you have to pay for your tip. You never It's just so automatic. Currency is just so automatic so that you don't even have to think about those calculations at all. And, and currency converters won't even exist because it's just so automatic. And that's the internet of value with Ripple. That's the internet of value, right? They want to make value transfer like email. They want to make value transfer like information. Like the speed at which I can send you an email is like this, and it's free, and it's frictionless, and it's borderless. Nobody can tell me shit. That's what they want to make money with. Easy. Now we're getting into a New World Order territory. Yeah, we are. But what's wrong with, you know, you just have like in your head there's like this bubble called New World Order, and it's all your thoughts of New World Order. And then my bubble is different. My New World Order bubble in my brain is different than yours. So you have to pop that bubble and start fresh. What does the word New World Order mean? It's new, it's for the world, and it's a new order, new way of doing things. Simple. That's it, right? Now you can see where they want to do things differently, like that. You can see where they want to want to do that. And it drops a lot compared to King Bitcoin. Banks will speed up their transaction process and eliminate crypto. New World Order has already been implemented and has been established and it's been around for years. Dude, the New World Order is this. This is the New World Order. Your phone. Your phone is the New World Order. As soon— like, this is your hand. Like, how many people— like, this is a part of your hand, dude. The phone, this iPhone, the bitten apple, the bitten apple. This is the New World Order. This is when we sinned and bit the apple right here. And if you're an Android user, you're just going to become an Android. But Apple users, you guys bit the apple, dude. You bit the apple already. That's the sin right there. This is the New World Order. Sit like for real. This, and this— you love this thing. You don't have any problems with this thing in your pocket all day, right? Like, nobody hates this thing. They know it's kind of bad, but nobody really hates it. Like, nobody's gonna throw this out. Like, some people do that though. I would love to throw my phone off a bridge and never talk about it again. It's just— it's when— it's when something becomes impossible to live without. This is seriously impossible to live without. Like, I'm sorry, dude, go a week without this, right? Go a week without your phone. It's impossible. Um, and the people who are like, what is this dude talking about? Like, I'm talking about what matters. This is what actually does matter, you know? And this is what all this shit that you just think is meme coins and, and and dog coins and shit. This is what it all leads to. It's the end game of this. In the— over the next 5 years, you'll hear exactly what I'm saying be said by so many people. You're already hearing it, right? And that's, that's my real passion, is stopping that, like, or helping people get out of that, you know. Um, so we can get on here all day and talk about what are you buying, how much money did you make, blah blah blah, but the real shit is Is that it? All leading to that, all of it. You know, crypto is the defense of, of the individual against tech control, but it's really not though. Crypto is the defense of the individual against tech control. How? Why? Why? Because, because we're, uh, contributing to the adoption of a public ledger. Because we're contributing to the adoption of signing into regular websites with our wallet. Think about it. Imagine signing into Facebook with your wallet. Dude, that's what Instagram's about to do, by the way. They have the MetaMask integration. MetaMask integration is about to come, and you're going to be able to connect your wallet to Instagram. So what MetaMask is doing is they're normalizing signing into everything with your wallet. And then all that's going to happen is your identity is going to merge with your finance and your currency. It's going to be one wallet to rule everything, and that's your Web3 wallet to rule everything. The problem with a freaking Web3 wallet is that I can go on zapper.fi, the website zapper.fi, and I could type your address in there and see your entire bank account. So how is, how is crypto a defense against this? You know, you lose your— you, you're losing some of your privacy, but I have to mention the good part. We're also gaining these privacy coins, which are great, right? The privacy coins are great, and they should continue to exist, and I think they have to continue to exist. Social credit score is possible. Do you think social credit in China is the next stage? Yeah, look at wherever China goes, where USA is going to go there. Canada might go there first. That's why it's so important to be getting like other passports and all of this. I gotta get onto that, you know, getting other citizenship and, um, just getting, uh your finances decentralized as much as possible. But that is the problem with a Web3 wallet, is I can literally just look up your entire thing, dude. I could just look it up. I, I look up.eth all day. Like, when I'm on Twitter and I see a guy that says, like, like, let me see, superfizz.eth. I just found one. I type it into ZapperFi and I see exactly what he holds. Simple. What's up from Canada? What's up? What asset would you recommend to create generational wealth? Sadiq, thank you. Well, generational wealth implies generations, so it needs to be something that's going to last a long time. What is one crypto that has confidently said that they will be there for 100 years? Con— they've confidently said that they're building, they're building a software and a network that should last for 100+ years. ETH as well. Generational wealth. ETH, HBAR, the strong networks, right? Bitcoin is Napster, bro. Bitcoin is seriously Napster. It's not the Zodiac wheel. No, no, no, no, it is not the Zodiac wheel. Um, Bitcoin's Napster. Napster? Was it streaming? Or LimeWire? It's just facts. In 10 years, Bitcoin will be so freaking outdated because they don't update anything. Oh, Taproot. Yeah, cool. You're way behind still. I think it's— I think it's Napster, dude. I think it's Napster, bro. And the thing is, like, you can see that that, that type of thing does happen. Meaning like Spotify did kill Napster, Apple Music did kill Napster. Like that did happen. Those companies did get slaughtered by other companies that were innovating better. That shit does actually happen. Who is to say that doesn't happen with crypto and the outdated proof of bullshit— proof of work tech will be outdated? Who's to say that won't happen? Bitcoin will always be gold and all newbies should have some safe money in Bitcoin before gambling. Hmm, Bitcoin will always be gold. It can have that spot. It can definitely have that spot. I always say that Bitcoin can have that 11 trillion gold. They can get up there if it wants. Bitcoin can have the digital gold. Digital gold ain't shit. We're focused on changing cross-border payments and creating an internet of value. Bitcoin can't run the internet of value. It just can't. That's what, that's what we're focused on, bro. Payments is the real thing that needs to be fixed. We don't need another store of value. Why? Like, you, you argue that it's a store of value, then you argue that it's a currency. Then when you use the currency or hold it as a currency, you know, the shit that you're buying is in US dollars. And if you value the Bitcoin in US dollars, the shit can drop 10% in one day or it can go up 10% in one day. And then you make the transaction and you're paying a capital gain on it. Like, well, gold is safe and digital gold will be safe. Then gamble. Yeah, yeah. Could any existing cryptocurrency be a worldwide reserve currency? Probably. Bitcoin's a software stock. Well, Bitcoin is shitty software, to be honest. There's better software right now. I'll go so much potential. It's true, have to understand the growth of the digital world. Um, do I think Luna is the best? Not in any way, bro. No, I do not think Luna is the best. Hell no. Luna just absolutely slaughtered a ton of people, bro. Is Shiba ever gonna push again, or is it a hype wave? It's hype, dude. It's hype. It's hype. Um, more dips ahead, dude. We've— this— we went off on this live stream, man. I gotta— I'm gonna upload this one.










