Saturday, July 20, 2019

John Oliver’s Last Week Tonight Features Cryptocurrencies

The popular comedy show hosted by John Oliver recently dedicated an entire episode solely to talk about cryptocurrencies.

The episode started with the typical LWT intro wherein US President Trump was bashed, and also featured a left wing politician discussing several points. After this, it changed over to Oliver in a segment where he discussed technology and he outwardly said he didn’t like making predictions. He even cited the example of Google glass, and showed clips of people testifying and claiming that it was the “next big thing.”

He then started discussing about bitcoin. Although his description would still be classified as technical, it was also deemed very accurate. He took the liberty of describing bitcoin as a “decentralized currency that is easy to send anywhere around the world, and doesn’t need to be issued by any bank.

Unlike the usual method that many mainstream media persona would use in describing bitcoin, he didn’t say that it is “backed by nothing” or that it is “imaginary.” Instead, he likened it to the Beanie Babies trend in the sense that it is valuable because people agree that it is indeed valuable, and that they are willing to pay for it.

Oliver then spent a few more minutes discussing blockchain, followed by a discussion on the overabundance of cryptocurrencies nowadays. He mentioned the likes of Trumpcoin, Dogecoin, Insanecoin, Deeponion and others. He also talked about the culture of bitcoin and cryptocurrencies.

Before the segment came to an end, he also went over the scams that are plaguing the crypto industry right now.

Related Article:  The U.S. Government Shutdown Has Hindered The Progress Of Bitcoin ETF Approval

You can watch the entirety of the video here.

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