It is different video that takes into account points from previous discussion. The points that were misrepresented in the earlier video. Telling the truth is not being moron, but the act of educating people.

Explaining bitcoin and crypto to a video creator would be like explaining internet to a 70yr old.

Oy vey, bitcoin is a scam, a scheme! C'mon, goy!

The video is comparing the different asset classes, namely:

• stocks
• vehicles
• fiat money

The thing is, bitcoin is in a different asset class, hence you really can't conclude that bitcoin is automatically a fraudelent scheme just because bitcoin doesn't posses a certain characteristic these three have. Why? Because these three are assets in a centralized ecosystem. Bitcoin is obviously in a decentralized ecosystem, so obviously it really can't be "backed" by a physical asset because it would completely defeat the purpose of being decentralized.

Oh and also, when you posses the private keys of a bitcoin wallet, you hold the rights to a digital asset that can be used borderlessly, without needing anyone's permission.

And don't get me started on how scammy the current financial system is.

Companies that create their own coins, that is, digital certificates of membership, and then sell them, engage in fraudulent schemes. All fraudulent schemes are based on turning ownership into membership. Prior to investing into them, you are the holder of ownership certificates. After the investment, you become the holder of membership certificates that grant you zero ownership rights. This is the definition of a scam.

If you buy gold than you own gold - an actual property. If you would represented this gold with a certificate, then you would hold certificate of ownership. If you would trade this certificate to a bitcoin holder and thus, transfer your ownership rights to this holder, you would become the holder of membership certificate(Bitcoin) that grants you zero ownership rights. Simply put, you would gave your gold as a gift to the Bitcoin holder.

Aren't we allowed to participate in the market by selling and buying BTC? That's ownership rights. Just like digital cash in forex market, they buy and sell currencies.  

Of course you wouldn't accept any explanation about that. You're not the only person who is confused about BTC. But you can always talk to yourself if nothing that is presented to you won't get into your mind.

Stop it with the "membership" bullshit. You're literally the only critic(besides the video creator, assuming it's not you) I've heard that's criticism is that "bitcoin is membership" or something. If you think digital asset  = membership then I don't know what to say. Seriously critics are getting worse and worse by the daily; and I thought Nouriel Roubini was bad.

Same thing with bitcoin, it's an actual property, it's just not backed by something physical.

An act of giving one thing and receiving another in return is called exchange, and not ownership. Sure you can exchange your membership certificates. That's the whole point of bitcoin scam - to exchange membership for ownership. That's how scam organizers benefit from it.

The vast majority of people are not exchanging gold for Bitcoin. They are exchanging control over fiat currency (such as USD) for control over Bitcoin.  If control over fiat is "ownership", then it seems to me that control over bitcoin is "ownership" in the same way.