And just what specifically were those "technical inaccuracies" that were so intolerable to you that you couldn't stomach watching the whole thing?

You should thank your friend for trying to deprogram you from the cult you've fallen for, and go back and watch the entire video. Because he makes excellent and "technically accurate" points about the cult-like behavior of that community, which explains why you're so quick to "ignore warning signs and dismiss criticism", and have a such a difficult time perceiving the pervasive fraud that's so stunningly obvious to everyone else:

>The shorthand WAGMI, We’re All Going To Make It, is aphoristically bandied about even in openly zero-sum competitions where, by definition, most participants explicitly won’t make it.

>But you can’t point that out, because that would be FUD.

>And if you’re spreading FUD then you’re NGMI, Not Going to Make It.

>And making it, getting rich, is all that matters.

>HFSP, have fun staying poor.

>These are synthesized into a No True Scotsman paradigm.

>The “we” in We’re All Going To Make It does not refer to we all, it refers to the select, the chosen, the Diamond Hands and the hodlers.

>Those who make it are clearly the We, and if you didn’t make it, then you weren’t.

>People who get angry about being scammed by a rug-pull or by malware or by social engineering are berated and belittled for not following the crowd.

>This incubates a community trained to ignore warning signs and dismiss criticism, a community with internal language and customs that are explicitly incompatible with outside communications.

>Skepticism is FUD from non-believers who are trying to undermine the value of your assets and manipulate a crash or trick you into being a paper hands.

>It all maps onto narratives of sin and deception, a chosen-few who are privileged with advance knowledge about the promised land, which they can achieve by holding strong to the rituals and expelling all doubt.

>The end product is a self-organizing high-control group.

But back to the main point: Do you earnestly believe that his extremely well-documented point that Bitcoin and Ethereum are riddled with fraud that's pervasively promoted by shills is "technically inaccurate"? Are you asking us to believe all those shills are actually correct and telling the truth, or do you deny the existence of shills and their get-rich-quick pyramid schemes?

Since you asked "why" "Bitcoin and Ethereum are scams", here is the transcript of Line Goes Up, which decidedly answers your question.

https://eizebasa.baby/line-goes-up

Which of the following quotes do you claim are "technically inaccurate"? And what do you claim are the "technically accurate" counter-arguments? Please refer to specific quotes.

>And as far as banking is concerned, Bitcoin was never designed to solve the actual problems created by the banking industry, only to be the new medium by which they operated.

>Peter Thiel, who also went from wealthy to ultra-wealthy off the Web2 boom via PayPal, loves crypto, and is friends with a bunch of eugenics advocates who promote cryptocurrency as a return to “sound money” for a whole bunch of extremely racist reasons because when they start talking about banks and bankers, they mean Jews.

>So just to head all this off at the pass, Bitcoin and proof-of-work cryptocurrency aren’t incentivizing a move to green energy sources, like solar and wind, they are offsetting it.

>Because electrical consumption, electrical waste, is the value that underpins Bitcoin.

>Miners spend X dollars in electricity to mine a Bitcoin, they expect to be able to sell that coin for at least X plus profit.

>When new power sources come online and the price of electricity goes down, they don’t let X go down, they build a bigger machine.

>[Drumming] In 2012 Vitalik Buterin, a crypto enthusiast and butthurt Warlock main set out to fix what he saw as the failings and inflexibilities of Bitcoin.

>Rather than becoming the new digital currency, a thing that people actually used to buy stuff, Bitcoin had become an unwieldy speculative financial instrument, too slow and expensive to use for anything other than stunt purchases of expensive cars.

>It was infested with money laundering and mired in bad press.

>After the FBI shut down Silk Road you couldn’t even buy drugs with it anymore.

>In practice you couldn’t do anything with your Bitcoin but bet on it, lock up money you already have in the hopes that Bitcoin goes up later, and pray you don’t lose it all in a scam, lose access to your wallet, or have it all stolen by an exchange.

>In terms of problems with Bitcoin, Ethereum solves none of them and introduces a whole new suite of problems driven by the technofetishistic egotism of assuming that programmers are uniquely suited to solve society’s problems.

>Bitcoin in particular, owing to its glacial transaction times, suffers from problems where the value of the coin can change dramatically between the start and end of a transaction.

>Ethereum is ultimately a central platform, and the fact that a few dozen people need to sign off on every major change before it can be implemented is largely meaningless and symbolic, with the validation network ultimately sitting somewhere between consortium and cartel.

>While the network of Ethereum miners and validators are not a formal corporation Yet There’s no mechanism in existence that compels them to act in the interest of users, particularly poor and disempowered users, where those interests conflict with their own.

>The movement of Ethereum from proof of work to proof of stake has been vapourware in no small part because the validators simply choose not to.

>The entire market is absolutely lousy with scams, and has been since Bitcoin first gained any traction.

>Every single scam structure imaginable has been dusted off and redeployed into this explicitly unregulated market where victims are largely without recourse.

>These range from institutional scams, like Ponzi schemes, pump and dumps, and insider trading, to middle-weight scams like gold brick and wash trading, to grittier scams like phishing and sending fake links.

>Pump and dumps, in particular, are conducted in broad daylight, since it’s not illegal, it’s just against the terms of service of the exchanges that you use to do it, so the worst case scenario is you burn your account.

>They’ll straight up walk you through the process of doing a pump and dump, no codewords, diagrams and everything.

>They’re notable as they’re actually a two-headed scam because, you see, you might get recruited onto the pump half of the scheme, or you might think you’re being recruited to pump, but you’re actually the dump.