is especially useful if you don't want to wildly guess what japanese symbols mean oh really that's what it's called yeah i think i'll trust the book with this one so to take advantage of this limited time offer and support the channel use the link in the comment section or the video description below and use code kappa NUMBER_TOKEN to get NUMBER_TOKEN off your boxy subscription potentially saving up to NUMBER_TOKEN with the option to pause or cancel your subscription at any time as you may have heard or assumed based off the title thumbnail and general content so far of this video uh there's been a fair bit of shenanigans recently in the world of cryptocurrency also known as monday but it does have some overlap with content creators making it somehow less unique specifically these creators who i won't really say for certain like did or did not understand the extent of what will soon be discussed in this video because other people have already done that and i'm just here to say funny swear words if you desire damning declarations i will defer you to that was nice alliteration nice work me uh to mudaha for the breaking the story and understanding cryptocurrency uh coffeezilla for the investigative work and uh fps diesel because he's my friend and i want him to do well for those who don't know anything about cryptocurrencies uh can i uh live inside your brain for a second oh wow it's nice and cozy in here anyway as simplistically as i could possibly describe uh cryptocurrencies uh it's like a bunch of code that determines how the coin itself functions when it's being traded uh much like stocks the coins actually lack value by themselves but are instead traded based of what people think they're worth for instance bitcoin obviously has a high valuation because it is a mainstream coin meaning that it's most likely to be accepted and adopted first uh before other coins if businesses decide to use it now if you know anything about the stock market then you just heard lack inherent value and high valuation you may be a slight bit worried don't fear um nothing bad has ever come of this for the most part the biggest cryptocurrencies that you'll see on selective services that i am now putting uh in my hands thank you post me uh like you'll see on things like the independent reserve if you're in australia they're generally trustworthy uh extremely inconsistent in price because it's the crypto sector which is currently going through a rough stage in their growth and also growing way too fast so great combination much like early access or banking this eventually leads to scams most commonly pump and dump where a small group of insiders either develop or latch onto a coin buy a lot of it at a very low price reeling gullible investors who drive the price up they sell the peak price drop coin dies rinse and repeat uh the most famous example of this being bit connect uh for free for whatever possible reason who knows why it's popular hey everyone um just wanted to take a few seconds out of this video to uh to apologize a few seconds ago i i made a joke about all banking being a scam uh that was improv uh i meant to explicitly and seriously say all banking is a scam oh what are
START_SPONSOR_TOKEN is especially useful if you don't want to wildly guess what japanese symbols mean oh really that's what it's called yeah i think i'll trust the book with this one so to take advantage of this limited time offer and support the channel use the link in the comment section or the video description below and use code kappa NUMBER_TOKEN to get NUMBER_TOKEN off your boxy subscription potentially saving up to NUMBER_TOKEN with the option to pause or cancel your subscription at any time as END_SPONSOR_TOKEN