Yanis Varoufakis Trashes Bitcoin; Lauds Blockchain 

Perfect. Just the confirmation I needed to go all in on Bitcoin.

Yanis siding with Warren Buffet is something that Yanis will regret

Love you Yanis! You are amazing, always a pleasure to tune in with you.

Where is the entire interview?

Got a few questions: Thought bitcoin was an asset and, as far as I know, some US States are already accepting BTC as tax payment, El salvador and some other country have it as a legal tender, does this make it a currency then? CBDCs are already coming and look way more dystopian that they seem, how would they be more democratic when people's accounts will be controlled by governments? So, first people adopting btc own much more than anyone could have now and that not being democratic, it can be solved with CBDCs? Are CBDCs going to take everybody's money and distribute it evenly to every single person in the world?

Excellent perspective, very few people are saying these obvious "glitches" with bitcoin! I have always wondered about these shortcomings.

A wise man. Prof. Yanis is.

Won't CBD's be a way for government to be far to intimately aware of each individual's spending? I don't know that that will necessarily be democratic.

With regards to what was said at the end: "she would lose her job tomorrow morning If she said those words", it would be interesting to know who would fire her, and where the message would come from originally.

Yeah it’s fixed Supply but what will happens if Bitcon value rise ?? So you dont need suppy the money every Bitcon in your wallet are more valuable

Good balanced perspective. A question to Yanis would be 'Well, ok, if we 'require' QE from times of distress then why do governments ever need to in engage excess monetary stimulus in the first place?' It's a complex answer, but if a scarce deflation currency is the standard, one could imply that this will ultimately rebalance economies as to NOT REQUIRE excess printing in times of distress in the first place. The process to the new normal may be hard, perhaps a decades (even centuries) long shift, but one worth consideration. I still like Yanis alot, but El Salvador is already using this as legal tender.

What people wants is financial freedom. So, the best is to have all of them available, everyone should choose for their own. Fiat, Bitcoin, CBDC all of them, the governments must allow them to coexist. Each one have its advantages and disadvantages, any of these will ever be perfect, it will depend on the user usage, the most appropriate one for each individual. My point of view is that CBDCs have the most disadvantages, as they will kill 100% people's privacy, will be surveilled 24/7 and will also affect the poorest that lives on cash fiat for daily transactions especially in poorest countries. So, of course CBDCs will be implemented, but if you aim for financial freedom and to respect people rights, CBDC is the worst. Anyway, each nation should allow everyone to transact/invest/save in their preferred method.

So, he’s beef against bitcoin as a currency is you can’t create more out of thin air like you can with fiat. Going to buy more bitcoin now.

Mr. Spock how can you side with Warren Buffet?? he was against Amazon too and look what happen.

But cbdc's are not based on the block chain. Only bitcoin is additional is working. Keep doing your homework. Talk to Micheal Saylor.

Definately is not trashimg bitcoin seems pro bitcoin to me

bitcoin can be "state money" when governments embrace it, something that has already happened in parts of the world, like switzerland where you can pay taxes with btc

This didin't age well. Look at our current state, after increasing the money supply. Biggest economic crysis since 1929.

Greece and Cyprus need to fast track their commitment to Blockchain - it will be huge and huge scope for the economy! No one sees Bitcoin as money, stablecoins or central bank digital currencies will be money imo - the Ethereum blockchain will likely be the base layer for these currencies

Yannis, please study this subject a bit more. The problems with Bitcoin you mention mostly arise from you misunderstanding something. I am also a mathematician so bear with me as well 🙂 (1) Bitcoin is not money, it's property. So your entire argument against Bitcoin as currency is moot or missing the point. Everyone knows that. Again, I recommend more study of Bitcoin (and I don't mean reading the code).

Dollars r not state money either

Bitcoin

A wise man, must hurt if you're so wise and wrong.

To zniknie z powierzchni ziemi.

Βαρουφάκη δεν έχεις the slightest ιδέα of what bitcoin is, how it works, and ultimately ανησυχώ ότι δεν ξέρεις what money is and WHO defines WHAT money is, stored value, unit of exchange…. Άστα nation-state, αλλού αυτά, minimally regulated ‘free’ market is the goal here

varufaaaa dyor ! CBD's are on the way ! hahahahahah

Yanis, will you stop talking sense. You will prick the speculative bubble before I can get out of this ponzi scheme called Bitcoin. Thanks in advance.

LOL he doesnt understand Bitcoin. This won't age well.

Πες τα αυτά στους ανθρώπους στο Ελ Σαλβατόρ.

1btc = 1btc always! unlike dollars , euros and all of these piece of papers.

WRONG!!!

"If you don’t believe or don’t get it, I don’t have time to try to convince you, sorry." Satoshi Nakamoto

Mister Varoufakis , BTC is not supposed to be a currency..... it's called "cryptocurrency" only in name. It's limited supply and the way it functions it's meant to be an ASSET ... not money. Think of it as a piece of land or a house... it's meant to be the thing u put your savings in not some coin to be traded daily. Please educate yourself further about the various cryptocurrencies and their use cases not every single crypto is the same and they all have different uses.

Despite the economic downturn $60.000 just in two weeks Anna you are so amazing

"sir" HMS YANISary Barouf does the 3 2 to bitcoin, as usually does... muhewhehehe

So this guy is for inflation. Got it. ROFL...

"no democratic method of deciding who gets bitcoin"? lol. Yanis, there's something called the free market to decide this. no, you cannot just democratically decide to expropriate others' wealth. this is the raison d'etre of Bitcoin

"money is always going to be political" - errr, no.

El Salvadors adoption of bitcoin basically eliminates every single argument Varoufakis made

Too much effort to strain thru the accent.

Yanis is a “socialist”? That’s all I need to know…