Close
 


STABLE CRYPTO COINS ARE NOT STABLE- HINDI LANG SILA MARUNONG
Hide Subtitles
Click any subtitle word to view Tagalog.com dictionary results.
Computer Shortcuts: Left / Right arrows to jump 2 seconds back or forward. +Enter or Space to toggle Play/Pause button. Full Screen Mode
STABLE CRYPTO COINS ARE NOT STABLE- HINDI LANG SILA MARUNONG Eto po bagong FB natin para sa videos: https://www.facebook.com/BATASnatin-107860591437195 https://www.facebook.com/Atty-Ranny-Randolf-B-Libayan-154012243457531 Alternate YT channel po for livestreams: https://www.youtube.com/channel/UCskZGSV52krMvXgb8OXXx1g WEBSITE: https://batasnatin.com/ LAW FIRM: https://firm.batasnatin.com/ FACEBOOK PAGE: https://www.facebook.com/BATASnatin/ INSTAGRAM: https://www.instagram.com/batasnatin/ YOUTUBE CHANNEL: https://youtube.com/BATASnatinLive TWITTER: https://twitter.com/BATASnatin LAWYERS: Atty. Kristina Louise Magalong Atty. Ranny Randolf B. Libayan FIRM ADDRESS: #31 Gen. Luna St., Tuktukan, Taguig City, NCR (Across Taguig City Hall) Email: BATASnatin@gmail.com Telephone nos: +63915-954-6080 (+632)359-4203 We are a full-service Law Firm We handle and are experienced in litigating many kinds of cases. Please do not hesitate to contact us. We will be hap
Atty. Ranny Randolf B. Libayan
  Mute  
Run time: 38:53
Has AI Subtitles



Video Transcript / Subtitles:( AI generated. About AI subtitles » )
00:00.0
Alright, yan! Magandang araw mga kabatas natin at welcome sa isa ng mga livestream
00:07.3
Mga kabatas natin, nakita ko ito doon sa batas natin group
00:11.4
Okay, doon sa mga hindi pa nakasali doon, sumali kayo, pwede rin kayo mag-post ng ganyan
00:16.1
Ito nga kasi mga kabatas natin, yung sinabi ko tungkol sa kripto
00:21.0
na hindi siya pwede nga maging legal tender because it is volatile
00:24.9
Ngayon, may sumagot
00:27.4
Ang nakakatawa dito mga kabatas natin, yung sumagot, yung nag-example
00:33.6
hindi niya nariintindihan yung posisyon niya
00:36.7
Kahit yung pinaglalaban niya, hindi siya marunong doon mismo
00:42.2
Hindi siya mismo marunong doon sa pinaglalaban niya
00:47.0
Hindi niya alam kung ano yung gusto nilang mangyari
00:50.2
Okay, mga kabatas natin
00:54.4
Pagbigyan natin, ito sabi niya
00:58.6
Interesting video, sabi niya ganyan
01:02.7
Attorney challenged how crypto can be used as substitute to legal tender if it is volatile
01:10.5
Okay
01:12.7
Yun ang isang problema, diba?
01:17.0
Volatile yun, yung crypto
01:19.9
Kaya, hindi pwedeng maging substitute
01:24.4
Unang una, nag-agree na siya
01:26.4
Okay, nag-agree na siya
01:29.8
Ano yung sasabihin niya ganyan?
01:31.3
A good question
01:32.2
The answer is stable coins like USDC
01:35.7
That is tethered to the price of a dollar
01:40.3
And USDP that is tethered to the exchange rate of dollar to peso
01:45.3
Using this stable coin crypto, there is no volatility
01:50.7
And therefore maintains the constant value of the dollar
01:54.4
In the legal tender
01:56.4
Okay, so ang tanong dito
01:58.4
Kung nag-iisip ka
02:01.7
Tunnel vision kasi sila
02:03.0
Ang hinahabol nila itong mga ito, mga kabatas natin
02:06.5
Basta gamitin mo lang yung crypto
02:08.0
Basta mabanggit mo lang yung crypto
02:09.9
Hype man eh
02:10.8
Ganyan yan eh
02:12.1
Sabihin mo crypto, crypto, crypto
02:13.7
Okay yung crypto
02:14.6
Kumita ko sa crypto
02:15.5
Crypto yung ginamit ko
02:16.6
Crypto, ganun lang
02:17.7
Hindi sila nag-iisip
02:19.5
Hindi sila nag-iisip
02:22.4
Kung ano yung implantate
02:24.2
Ang implication nung sinasabi nila
02:26.0
Ngayon ito, ang gusto niya mangyari
02:28.8
Naka-tether sa price ng USD
02:30.6
Meron nga naman daw kasi yung mga stable coins na yan
02:33.6
Pero pag mag-re-research ka, they are not actually stable
02:36.0
Okay?
02:38.3
Ngayon, pag mag-re-research ka rin
02:40.5
Makikita mo sa Amerika
02:41.9
Maraming stable coins na gustong magpa-regulate
02:46.2
Bakit?
02:48.9
Kung nagbabasa ka lang ha
02:50.3
Sana nagbabasa yung
02:51.5
Sana nag-re-research kayo
02:52.9
Di ba mahiling kayo sa do-your-own?
02:54.2
Do your own research
02:54.8
Di ba mahiling kayo sa do-your-own research?
02:58.0
Alam mo kung bakit hindi pwedeng maging legal tender ito?
03:02.9
Kasi nga
03:03.5
Nag-a-act na lang siya
03:06.1
As US dollar
03:07.6
Ibig sabihin
03:10.3
Ops!
03:12.5
Guys
03:12.9
Meron akong pera dito
03:15.2
Parang US dollar din
03:17.2
Ito yung gamitin natin
03:19.6
Legal ba yun o iligal?
03:24.2
Let's talk about Laika
03:27.0
Hindi siya regulated
03:30.9
Nang Banko Sentral ng Pilipinas
03:34.8
Ginagamit siya
03:36.2
For exchange of goods
03:38.9
Illegal
03:42.6
Hindi nyo talaga nag-gets yun?
03:47.6
Isa pa!
03:48.6
Isa pa!
03:50.4
Bakit ka pa
03:51.6
Gagawa ng ganyan?
03:53.4
Ibig sabihin na
03:54.0
Kung meron naman ng US dollar
03:56.5
At meron ng peso
03:58.6
I can also transact electronically
04:03.1
With peso
04:04.5
Or with dollar
04:05.9
So anong gagawin natin dito?
04:08.1
Maglolokahan lang tayo
04:09.7
Para magamit natin yung crypto
04:11.8
When in fact
04:12.9
It did not offer anything new
04:15.8
Aside from
04:17.6
Naging crypto ito
04:20.7
O sabi ni Enbray
04:22.8
Mickey Mouse Money
04:24.8
Invento pera
04:26.2
Diba?
04:32.8
Diba 7 dollar cosplay
04:34.8
Totoong dollar nalang
04:36.8
What's the point of doing this?
04:38.8
Hindi talaga kayo nag-iisip
04:45.8
Para daw decentralized
04:49.8
Sinabi ko na nung umpisa
04:50.8
Kasi ine-expect ko na yan
04:51.8
Kasi ine-expect ko na yan
04:52.8
They are asking for regulations
04:54.8
Why?
04:55.8
Because
04:57.8
If you will use this
04:59.8
As legal tender
05:01.8
If it is not regulated
05:03.8
People will not trust it
05:13.8
Nakita nyo nung nascam si Marvin Fabis
05:15.8
At saka si Lady
05:17.8
San sila pumunta?
05:19.8
Sa gobyerno
05:22.8
Do you think the government will allow
05:30.8
This Mickey Mouse money
05:32.8
Mickey Mouse dollar
05:33.8
Mickey Mouse peso
05:35.8
To circulate
05:36.8
Without protecting its citizens?
05:42.8
Mag-research kayo sa Amerika
05:44.8
Maraming nag-a-apply na
05:45.8
Maraming nang gumawa ng thesis dyan
05:47.8
Maraming nang gumawa ng thesis dyan
05:49.8
Maraming nang gumawa ng thesis dyan
05:50.8
Mga lalang nang-telemark
05:53.8
I want that
05:54.9
I want and want to
05:56.8
And we must
05:59.8
Not break anyone's ways
06:01.8
We must stop
06:03.8
Transec
06:05.8
At kailangan ko
06:07.8
Maitin ang mgaungen
06:09.8
Laman tayo
06:10.8
arrassed
06:11.8
Pagkatapos
06:13.9
Nung pagkain mo
06:15.8
kasi pinag mo rin doon
06:17.8
tapos makokontrol din yan
06:19.5
ng peso at saka nung dollar
06:21.6
what's the point
06:23.0
ah tignan nyo
06:26.5
sabi nya
06:30.6
maintains the constant value
06:36.6
of the legal tender
06:37.8
kasi nakapeg sa dolyar
06:39.5
di dollar na lang
06:42.5
oh my goodness
06:43.6
now the follow up question will be
06:45.5
how would stable coins function
06:47.0
what would be the reward of the nodes
06:49.8
the actual term sa mga crypto mining entities
06:52.4
that validate transaction on the blockchain
06:54.8
ito yung sinabi ko kasi
06:56.6
na problema dyan
06:57.6
diba yung decentralization
07:00.2
tsurba nila
07:03.1
kaya nga
07:05.2
iba't ibang computer
07:06.8
diba yung mga nagva validate
07:09.7
ng transactions
07:10.5
sabi nya
07:12.2
you can follow the reward system of bitcoin
07:14.9
that awards
07:15.5
bitcoin
07:16.9
because that would mean
07:18.1
you would be generating stable coins
07:19.9
out of thin air
07:21.5
tapos
07:25.1
the solution is similar to how money exchanges works
07:27.9
and how they charge
07:29.8
exchange rate fees
07:31.0
from exchanging US dollar to peso
07:33.8
ngayon
07:38.0
ano nabasa ako
07:41.0
tawa ko ng tawa
07:41.9
well masosol mo yung siguro
07:44.6
siguro
07:45.0
pagbigyan natin yung bitcoin
07:45.5
masosol mo yung exchange
07:47.5
from dollar to peso
07:48.7
meron nga kasing
07:50.0
exchange rate yun diba
07:52.7
foreign exchange rate
07:55.0
pwede diba
07:58.5
pero
07:59.2
paano
08:03.4
kapag hindi mo naman
08:05.1
i-exchange yan
08:06.4
hindi mo yan i-exchange
08:09.4
from one currency
08:12.3
to another
08:15.5
,
08:16.5
paano kung pambibili mo yan ng goods?
08:17.5
parang yung laika
08:26.5
pinambili mo ng goods
08:28.5
yung laika napunta lang sa ibang tao
08:30.5
that transaction requires
08:32.5
validation also
08:34.5
dun sa blockchain
08:36.5
sabi nya
08:38.5
what attorney
08:40.5
mentioned as gas fee
08:42.5
is the fee paid for transacting
08:44.5
on the blockchain?
08:45.5
the gas fee
08:46.5
or exchange rate fee
08:47.5
is not different from the one
08:48.5
it's different
08:51.5
kasi itong gas fee na ito
08:55.5
everything
08:56.5
every time you do a transaction
08:58.5
you incurred gas fees
09:00.5
kasi there will be validations
09:03.5
kahit walang mangyayari na palitan ng pera
09:07.5
kahit magkakaroon lang ng transfer ng ownership
09:11.5
ng crypto
09:13.5
magkakaroon siya
09:14.5
pa rin ng gas fees
09:20.5
kasi kailangan pa rin i-validate yan
09:23.5
dun sa blockchain
09:25.5
diba?
09:26.5
o ito ang tanong ko sa iyo
09:28.5
bakit?
09:29.5
nagkakaroon ka lang ba ng gas fees?
09:31.5
kung kunwari yung SLP ko
09:33.5
i-coconvert ko to bitcoin
09:35.5
o USDT
09:37.5
paano?
09:38.5
pag kunwari itatransfer ko yung pera ko
09:40.5
doon sa ibang tao
09:42.5
yung coins ko
09:43.5
parehong coins
09:44.5
itatransfer ko lang sa ibang tao
09:46.5
parehong crypto coin
09:47.5
magkakaroon ba ng gas fee o hindi?
09:54.5
tapos ipapasok mo sa exchange rate fee
09:58.5
you don't really understand
09:59.5
what you're talking about
10:01.5
yan o
10:03.5
when people transact with this
10:05.5
sabi niya
10:06.5
the gas fee or exchange rate fee
10:08.5
is not different to the 1% conversion fee
10:10.5
ATMs in the Philippines
10:12.5
charges if you are withdrawing pesos
10:14.5
from a dollar bank account
10:23.5
tapos ito
10:24.5
mahal ng gas fees
10:28.5
dali natin
10:29.5
when people transact with stablecoins
10:31.5
there will be an exchange rate fee
10:36.5
that fee would be the reward
10:37.5
for the nodes that successfully validate
10:39.5
the entire transaction
10:41.5
collect enough fees
10:43.5
and it would amount to the value
10:44.5
of a stablecoin
10:54.5
ito eh
10:55.5
bawat transaction mo
10:56.5
bayad ka
10:57.5
nandito na
11:09.5
diba
11:11.5
hindi niya talaga maintindihan
11:13.5
tapos ito
11:14.5
do you think
11:16.5
do you think
11:17.5
any governments would allow
11:19.5
na gumawa ka ng
11:21.5
peso
11:22.5
o dollar rin lang
11:25.5
pero ikikrypto mo lang
11:26.5
Crypto mo lang.
11:27.5
So what's the difference now here?
11:29.9
With just using peso or dollar?
11:32.8
None.
11:42.4
Di ba?
11:46.4
Wala.
11:48.3
Ang ending crypto.
11:49.9
Yes, the crypto here is pointless.
11:52.0
Malamang may mga pwedeng paggamitan
11:54.2
yung crypto na yan.
11:55.1
Cryptography.
11:57.9
Yan, cryptocurrency.
12:00.7
It's very speculative kasi.
12:05.0
The value rises
12:07.2
and drops
12:09.2
based on speculations of people.
12:15.7
O ito,
12:17.0
pareho yung amount nyo sa US dollars.
12:19.2
Alam nyo, yung parang ano?
12:20.8
Parang naglaro tayo ng monopoly.
12:23.5
Sino naglalaro ng monopoly?
12:25.1
Dito.
12:27.3
Gunon ang gusto nilang gawin.
12:30.0
Ito, kunwari,
12:31.1
US dollar ito. Pero pwede lang natin
12:33.2
itransact dito sa lugar na ito.
12:36.4
Tapos mamaya,
12:37.1
pupunta ka sa, ano,
12:38.4
pupunta ka sa Senado. Sabihin mo,
12:41.2
Sir, itong monopoly,
12:43.4
itong mga bills ko dito
12:45.3
na dollars-dollars sa monopoly,
12:48.2
nakapeg ang value
12:49.2
nito sa dollar.
12:51.9
I-regulate nyo nga.
12:52.9
Ha!
12:55.1
Nakikita nyo ba kung gaano kaabsurd
12:58.8
yung idea ng
13:00.2
stable coins?
13:12.8
Crypto cannot stand alone
13:14.7
as an economic driver
13:17.8
by its nature
13:19.2
as a derivative.
13:20.7
Look what happened to Bernie Madoff.
13:23.9
He sold derivatives.
13:25.1
It's the same effect
13:27.7
with the economics
13:29.4
of crypto.
13:31.7
Tapos para, para, para,
13:34.1
para,
13:34.6
para, kunwari,
13:37.0
maging kapakipakinabang yan,
13:39.1
katulad ng fiat money,
13:41.1
gawin natin parang fiat money.
13:43.2
Igaya natin sa peso
13:44.9
o kaya sa dollar. Ang galing, no?
13:50.3
Alam nyo yung ginagawa nila dito.
13:52.7
Natapos nilang igaya
13:54.1
yung crypto.
13:55.1
Crypto sa oil.
13:58.5
Crypto sa gold.
14:01.1
Taas-baba.
14:03.2
Ngayon,
14:04.4
igagaya na sa pera.
14:10.7
Then what's the point
14:11.8
of having crypto?
14:17.2
Sabi niya,
14:18.0
ano na nangyari sa bansang
14:19.6
nag-invest sa crypto?
14:22.9
May documentary din ako
14:24.5
nakapanood.
14:25.1
Yan, sa El Salvador.
14:27.0
Meron silang lugar doon
14:28.2
kung saan,
14:29.3
crypto transactions daw
14:30.8
ang pwedeng gamitin
14:32.7
at ginagamit.
14:36.1
May parang city eh.
14:38.3
Ganon, city,
14:39.2
na ginawa nila parang
14:40.8
Bitcoin city.
14:43.1
Na yung main,
14:44.4
main na transaction
14:47.2
when it comes to paying
14:49.4
people is Bitcoin.
14:53.2
Diba?
14:53.4
Ganon yung ginawa ng El Salvador.
14:55.1
Nalugi siyang El Salvador,
14:58.1
mga kabatas natin.
14:59.0
Noon, bumili sila,
15:00.3
50% agad bumagsak
15:02.1
yung value ng crypto.
15:04.6
Ngayon,
15:05.5
doon sa documentary
15:06.7
na napanood ko,
15:09.6
diba Bitcoin ang transaction?
15:11.5
Pero pag tatanungin mo
15:12.8
yung mga tao
15:13.7
na nagbebenta doon,
15:16.5
kung ano ang gusto nilang matanggap
15:18.5
Bitcoin o pera,
15:21.6
actual money.
15:23.2
Ang mas gusto nila
15:24.7
kesa Bitcoin.
15:25.1
Doon kasi sa El Salvador,
15:28.6
mga kabatas natin,
15:29.5
maraming nag-donate ng Bitcoin.
15:32.7
Doon sa El Salvador,
15:34.4
mga kabatas natin,
15:35.6
may mga anonymous na tao
15:37.4
na nagtayo
15:38.5
ng kung ano-anong
15:40.4
mga negosyo
15:42.1
para palaguhin
15:45.2
yung paggamit ng Bitcoin.
15:47.6
So far,
15:49.2
it's a failure.
15:52.2
Even though the government
15:54.0
recognizes Bitcoin,
15:55.1
Bitcoin dare.
15:57.4
Pwede silang mag-transact
15:59.3
gamit ang Bitcoin.
16:03.0
Ayaw ng mga tao
16:04.7
kasi nalulugi sila.
16:11.3
Kaya,
16:13.0
yung mga tao,
16:14.1
magbabayad ng Bitcoin,
16:15.2
sasabihin nila perahin mo na lang
16:16.9
kasi baka bukas bumagsak yung Bitcoin.
16:21.2
Lugi ako.
16:25.1
Sabi ni Sendong,
16:30.5
I watch that.
16:32.1
And what they do is
16:33.1
upon getting their daily wage,
16:34.7
bili agad para iwas inflation.
16:36.4
Yun nga.
16:38.2
They get rid of it.
16:41.3
Babagsak na naman yung
16:42.6
value ng Bitcoin na yan.
16:46.6
Sabi dito,
16:47.6
El Salvador has lost
16:48.8
an estimated $40 million
16:50.8
of its total investment
16:52.6
in Bitcoin since 2021.
16:55.1
Due to the decline
16:56.1
in the value of
16:57.1
the cryptocurrency.
17:04.7
Yung Binance din.
17:06.7
Ibaban na dito.
17:07.8
Binan na ba?
17:08.6
Pero ibaban, di ba?
17:10.0
SEC is warning
17:11.0
the public against using
17:12.8
cryptocurrency exchange,
17:14.2
Binance,
17:15.0
as it moves to have
17:16.3
the platform blocked
17:17.5
in the PH
17:18.3
to safeguard the public
17:19.4
from unregistered
17:20.9
investment products.
17:25.1
Sabi niya,
17:29.8
that's why it's hard to indict
17:31.3
Bankman Freed.
17:33.1
Actually, na ano na siya,
17:34.9
na hatulan na siya.
17:37.3
Guilty siya, guilty.
17:41.2
Tuloy natin ito.
17:42.8
Convert, convert.
17:43.9
I would get 55.
17:45.5
Sabi niya,
17:46.5
if I convert my US dollar
17:47.9
to USDP,
17:49.6
instead of getting 55.96,
17:51.7
I would get 55.9.
17:54.5
Why?
17:54.9
Why would you do that, though?
17:58.3
Why would you do that?
17:59.9
Why would you
18:00.5
bawas your money
18:01.6
and pay
18:02.7
pay gas fees
18:07.9
if you have your
18:12.2
55.96 intact?
18:16.2
Hindi ko talaga
18:16.9
Hindi ko talaga
18:18.7
maintindihan
18:19.5
ng mga taong ito.
18:21.6
O sige,
18:22.6
i-convert ko yung US dollar ko
18:24.2
sa USDP.
18:24.9
na stable coin sa crypto
18:26.3
para mabawasan ako
18:28.0
ng pera.
18:29.1
When the USDP
18:31.4
also acts as
18:34.3
or mimics
18:37.0
the dollar,
18:41.3
meron ka nang
18:44.0
original.
18:45.0
Yung original mo,
18:46.8
ibibili mo ng peke.
18:48.8
Tapos yung peke mo,
18:50.6
mas mababa pa yung value.
18:52.8
Ang galing naman, no?
18:54.9
Hahaha.
19:03.5
Yan din sinabi ko
19:05.0
sa ka-debate ko sa FB page.
19:07.8
Kaya nga,
19:08.5
natatawa talaga ako.
19:10.4
Are you serious?
19:12.2
Tapos yun,
19:12.7
pagpaproblemahin mo pa ako,
19:14.9
doon siya magiging value niyan.
19:20.2
Unregulated.
19:21.1
Mamaya, nahack.
19:22.1
Parang yung Axie Infinity.
19:24.1
GG.
19:24.9
Hindi na pwedeng isa uli
19:27.7
Hindi nyo talaga pinag-iisipan eh
19:35.9
Tapos may computation
19:42.4
Computation pa ya
19:43.6
Okay very good may computation ka pero
19:46.0
What's your point again?
19:49.6
So a fee of
19:50.7
0.06 centavos for every US dollar
19:53.2
Converted to USDP crypto
19:55.5
The 0.06 centavos is just an example
20:01.6
For simplicity
20:02.6
A 1% conversion will be roughly around
20:05.0
0.55 centavos for the current exchange rate
20:08.0
Bakit ko ulit gagawin yan?
20:16.1
It's so sad
20:23.2
Why would I do that again?
20:27.6
Ah kasi gusto ko makakuha ng pera
20:29.8
Ng crypto na parang US dollar
20:32.0
Na nakapeg sa US dollar
20:34.3
Babawasan mo pa yung pera ko
20:36.8
I would understand that
20:43.6
If you will do illegal transactions
20:52.6
But why would I do that?
20:53.2
Pero why would I do that?
20:53.2
Why would I do that though?
20:58.9
Parang
20:59.6
Oh sige
21:00.5
Pagbigyan natin na
21:02.0
Ganto ganto
21:03.3
Kawawa naman
21:05.0
Yung mga nagmamine
21:06.3
Sige magconvert
21:09.6
Convert na lang tayo ng pera
21:11.1
Para magkaroon sila ng
21:12.4
Sasahurin
21:14.0
Why would you do that?
21:23.2
Why would you do that?
21:28.1
Parang bumibili lang sila ng play money
21:30.1
Tapos yung parang
21:31.7
Parang nagpapatakbo ng play money na yun
21:34.5
Yung nagbabalidate ng transactions
21:37.4
Bigyan nyo ng cut
21:38.5
Oh goodness
21:41.5
So maybe at least nakatulong sa miners
21:44.9
Look what happened to Axie
21:49.3
Nakakakot sila ko
21:50.4
Lahat naman
21:51.6
Lahat naman
21:53.2
Lahat naman nung mga
21:54.2
Sobrang nagdip
21:57.7
At wala na ngayon
21:58.8
Nahak sila
22:01.2
If crypto is regulated
22:09.3
What is the point of decentralization?
22:11.5
Why you use a redundant tender
22:13.7
If there is a reliable fiat
22:15.4
This is not about innovation
22:18.2
But practicality
22:19.7
Di ba?
22:23.2
Tapos gusto nila USD na rin
22:25.2
Why?
22:28.0
Eh may USD na
22:29.1
Gusto nila i-regulate na rin
22:32.5
Why?
22:36.3
Eh may USD na
22:37.9
May peso na
22:41.3
Ano bang pinaglalaban nyo?
22:47.1
Wala
22:47.3
You are also the same people
22:50.3
That the same people are fighting for it
22:52.9
Are also the same people
22:54.6
Who are attacking it
22:58.0
By saying na negative
23:03.0
Negative
23:06.2
Yung pinaglalaban nilang
23:10.0
Positive nito
23:11.7
Nonsense
23:20.5
Basta masabi lang
23:21.4
Yan nga
23:22.4
Parang
23:24.3
Ah wait
23:25.6
Anong gagawin natin?
23:26.6
Ah gawin natin ito
23:27.5
Bakit?
23:28.3
Para magamit yung crypto
23:29.5
So what's the point?
23:31.3
If it's the same as fiat money na rin pala
23:33.6
Then why would we do that?
23:35.2
It's extra work
23:36.2
Aside from the fact
23:38.0
Na yung mga mining-mining na yan
23:40.1
That is
23:41.1
Very harmful to the environment
23:43.8
It consumes a lot of electricity
23:45.7
And it produces a lot of heat
23:52.4
O i-google nyo na lang
23:55.5
Yung gumawa dito
23:56.3
I-google mo
23:57.1
Kung ilang mga stable coins
23:59.0
Ang humihingi ng regulation
24:00.3
Because you cannot use
24:06.0
This stable coin
24:11.2
As legal tender
24:13.3
If it's not regulated
24:14.9
Hindi ka pwedeng gumawa
24:17.1
Ng sarili mong pera
24:18.8
So you can't use it
24:19.2
As legal tender
24:19.3
If it's not regulated
24:19.3
So you can't use it
24:19.4
As legal tender
24:19.4
If it's not regulated
24:19.5
So you can't use it
24:19.5
As legal tender
24:22.4
But of course
24:31.5
An analogy like this
24:32.6
That provides insight
24:33.6
Is not interesting
24:34.7
Because it's stupid
24:42.0
It's a stupid analogy
24:45.2
Doon pa lang sa umpisa
24:48.1
Ipepeg mo sa US dollar
24:50.5
O di mag-US dollar ka na lang
24:52.2
It's a stupid analogy
24:52.4
Susunod din pala siya
24:57.2
Sa US dollar
24:58.1
Gagawa ka lang
25:02.8
Ng play money
25:03.6
Mababawasan pa yung pera mo
25:08.8
Sasaktan mo pa
25:13.0
Si mother nature
25:13.9
O
25:22.6
00:00.0
25:36.040 --> 25:36.940
25:36.9
The volatility
25:37.8
Aside from it's illegal
25:40.4
Pero
25:40.7
What's the purpose of it na?
25:44.2
It's just US dollar din pala
25:46.4
Wo spin hindi ibong
25:47.2
Tryout
25:48.1
Sarパ swoją
25:48.3
Pagg picture
25:48.9
Sa nebe
25:49.0
Sa nebe
25:49.1
Arnagin
25:49.8
Nasa na
25:50.2
Yung
25:50.3
I ate
25:51.2
I have to
25:51.8
ito pa ang masama niyan.
25:57.8
Kunwari, ito.
26:02.7
Ito.
26:07.1
For example,
26:08.6
ito yung pera nila.
26:10.7
One US dollar yung value nito.
26:13.4
It's like collectors.
26:15.8
It's like collecting something.
26:19.2
Magkukulik ka ng isang bagay
26:20.5
o bibili ka ng isang bagay.
26:22.7
Okay?
26:23.6
Ito,
26:24.4
binili ko one US dollar.
26:29.8
Ngayon,
26:32.6
kapag ibibenta ko sa tao ito,
26:36.3
one US dollar pa rin ba?
26:39.4
Paano pag ayaw nila ito?
26:42.8
Mapipilit ko ba sila
26:44.4
na ibalik yung value ng pera ko?
26:47.4
Hindi!
26:48.3
One US dollar yan.
26:49.5
O, ibalik natin.
26:50.3
Doon sa USDC niya.
26:54.2
Bumila ko ng USDC.
26:57.3
Okay?
26:58.1
Bumila ko ng USDC.
26:59.9
Sabi nung tao,
27:01.7
sige, ilipat mo lahat ng pera mo sa USDC.
27:04.7
Okay, ililipat ko.
27:06.0
Bilib na bilib ako sa taong ito eh.
27:07.9
Kasi genius itong mga naniniwala sa cryptocurrency.
27:11.0
Meron silang foresight.
27:12.8
Meron silang,
27:13.5
they can predict the future.
27:17.1
Genius sila.
27:18.0
Okay?
27:18.1
Binili ko lahat ng USDC.
27:23.8
Ngayon,
27:26.0
bibili ako ng pagkain.
27:27.3
Gutom ako.
27:29.4
Sasabihin ko doon sa tao,
27:30.9
Ma'am,
27:32.4
pabili nga nito.
27:34.7
Okay.
27:35.8
Bumila ako.
27:36.4
Tapos mamaya,
27:37.7
ito bayad ko,
27:38.9
USDC.
27:40.6
Ay, hindi ko kami tumatanggap ng USDC dito.
27:45.0
Dollars lang po.
27:46.0
Dollars lang po yung tinatanggap namin.
27:47.8
Ay, hindi.
27:48.2
Hindi.
27:51.4
Kailangan mong tanggapin yan.
27:53.4
Kasi yung value niyan,
27:54.4
one dollar din.
27:59.0
That's what will happen
28:00.2
if it's without regulation.
28:04.2
You cannot compel.
28:05.7
Kasi ang meaning,
28:06.6
the very meaning of like legal tender
28:08.5
is you can compel a person
28:10.9
to accept it as payment.
28:13.5
For people to accept it
28:15.3
or to be compelled
28:16.6
to accept it as payment,
28:18.1
it should be regulated
28:19.6
by the government.
28:21.1
Kasi pag pumunta ka sa korte,
28:22.7
sasabihin niya,
28:23.3
ah, binabayad mo pala USDC.
28:25.3
What the heck?
28:25.8
Ano yan?
28:31.3
Hindi ko tumatanggap ng USDC
28:33.2
yung tao dito.
28:34.6
Dalhin mo yung USDC mo doon
28:36.3
sa sarili mong mundo.
28:43.3
Genius!
28:43.7
Genius!
28:48.1
O ngayon,
28:49.1
ah, mag-i-invest ako sa USDC.
28:52.3
O bakit ka mag-i-invest sa USDC?
28:55.6
Wala lang.
28:57.6
Bakit nga?
28:58.7
Wala lang.
28:59.9
One is to one sila ng dollar.
29:01.6
Actually, may bawas na 1%.
29:03.2
O kaya 0.06,
29:05.2
ano, 1% conversion yan.
29:06.8
May bawas lang naman,
29:07.8
pero mag-i-invest ako dyan.
29:09.5
What's your point?
29:10.7
Kung bakit ka pa
29:11.5
magko-convert ng pera mo,
29:13.0
mababawasan ka pa ng 1%?
29:15.6
Gusto ko lang.
29:18.1
Okay, so,
29:20.7
wow,
29:21.3
ang yaman mo,
29:22.0
ang dami mong USDC.
29:24.2
An-anhin natin
29:25.1
yung USDC mo ngayon.
29:28.0
Wala, at least.
29:30.4
Genius ako.
29:31.4
Umay crypto ako.
29:36.3
What's the point?
29:37.5
Wala!
29:40.0
Ah, tignan niyo.
29:40.7
Ah, tignan niyo.
29:42.9
Attorney even admitted
29:44.2
in this video
29:44.8
that he makes a general claim
29:46.1
that crypto is a scam
29:47.1
as a strategy,
29:48.1
because it is much more engaging
29:49.7
and captures the attention
29:51.1
more in social media.
29:53.4
And it's also a warning.
29:59.8
He
30:00.3
says to raise awareness,
30:04.1
but the awareness is only
30:05.1
on crypto trading scams
30:06.5
used by individuals
30:07.5
who prop crypto
30:08.9
as trading commodities
30:09.9
without clarifying
30:11.0
that there are viable cases
30:13.0
of crypto as currency substitute
30:16.6
if tethered
30:17.3
to,
30:17.8
to legal tender values.
30:21.4
Doon pa lang sa sinabi mo dito,
30:22.9
iti-tether mo sa legal tender values,
30:24.8
then what's the point
30:25.4
of having crypto?
30:28.5
Genius?
30:32.1
Dito, sa ginawa mong ito,
30:34.4
scam ang crypto.
30:36.5
Dito!
30:38.4
Ikaw na nagpatunay
30:39.7
na scam yung crypto dito.
30:40.8
Bakit?
30:43.5
Bakit makukukunan
30:44.6
ng 1%?
30:46.7
Kung dolyar din,
30:47.8
pala yung pera ko.
30:51.9
Why would I pay you
30:53.3
for something na
30:54.3
useless sa akin?
31:00.3
Babayaran kita
31:01.2
para magkaroon ako ng
31:02.4
kunwari dolyar,
31:04.1
pero nasa
31:04.8
blockchain?
31:07.8
O kaya
31:08.2
Ethereum?
31:12.3
Ethereum?
31:16.7
Scam na scam!
31:17.8
Scam, diba?
31:24.9
Kumukuha ka ng cut
31:26.0
sa isang bagay
31:26.8
na wala namang kwenta?
31:29.1
That's scam.
31:35.5
Diba may gcash na?
31:37.2
Ganon din niya eh!
31:38.4
E, gcash!
31:47.8
Sabi niya.
31:53.4
Instead of talking to people
31:55.0
who are developing cryptocurrency
31:56.5
as currency substitutes
31:58.0
for the sole use of currency
32:02.5
and not as a trading commodity.
32:09.0
Nag-a-assume talaga sila
32:10.2
na wala akong alam, no?
32:12.2
At hindi na i AD Edinburgh
32:14.2
kita tibas sa isa.
32:23.4
Hasta nampak ito.
32:25.5
Alleye pa I can say.
32:29.0
Kaya o hindi rin
32:29.8
mesopakay nyo
32:30.7
noam kong
32:31.9
eto.
32:32.9
Kaya,
32:35.1
isipin ka
32:36.7
sa pago
32:40.1
mabuti ka ng
32:41.4
cryptocurrency.
32:42.2
Sad life, no?
32:47.6
Hindi mo naisip yan?
32:52.1
Bakit?
32:56.5
Yan yung pinaka-basic dyan
32:58.1
na dapat mong isipin
32:59.3
Yung deregulation
33:02.0
deregulation na pinaglalaban nyo
33:03.7
kasi galit kayo sa banko
33:05.0
galit kayo sa gobyerno
33:06.4
Diba?
33:06.9
That's the very basis
33:08.2
of why Bitcoin was made
33:10.5
An in-your-face money
33:16.6
F.U. banks
33:18.8
F.U. government
33:19.8
You don't control us
33:33.8
Kaya nga ako
33:34.6
hindi ako naiscam kayo
33:35.5
naiscam kayo
33:36.7
Developing cryptocurrency
33:48.2
as currency substitutes
33:50.3
Sino yung mga taong yun?
33:53.7
Sino ba to?
33:55.7
Itong si
33:56.5
Anong pangalan nito?
33:58.1
E-25MRK
34:00.3
Ikaw ba?
34:02.4
Ikaw ba yung tao
34:03.3
na nagde-develop
34:04.2
ng cryptocurrency
34:04.9
as currency substitute?
34:06.7
Mag-usap tayo
34:07.6
May kilala ka ba
34:09.1
ng nagde-develop
34:10.0
ng cryptocurrency
34:10.7
as currency substitute?
34:12.2
Mag-usap kami
34:12.9
Dito pa lang
34:15.8
Yung mga sinabi ko pa lang dito
34:18.8
Hindi nyo na masasagot yan
34:21.6
Because dito
34:24.8
ang pinapakita nyo lang
34:26.0
basta lang makakripto
34:28.0
Mema lang
34:31.1
But you are not thinking
34:33.0
about what you are saying
34:34.5
Hindi mo pinag-iisipan
34:36.7
Basta gamitin mo
34:42.2
Basta gamitin mo
34:44.9
Pwede yan
34:45.5
Paano magiging stable?
34:48.3
O di igaya mo sa USD yung value?
34:51.8
Kung ano yung value ng USD
34:52.9
yun din yung value nya?
34:57.4
Ang galang nyo
34:58.1
Parang, parang ganito
35:06.7
Paano, paano ano?
35:08.7
Paano ko
35:11.7
Paano ko patutunogin yung ano?
35:13.7
Yung gitara ko na parang tunog Fender
35:17.7
Kasi gusto ko yung tunog ng Fender eh
35:21.7
Ganito ang gawin mo
35:23.7
Gawa ka ng gitara na parang Fender
35:26.7
Igaya mo lahat sa Fender
35:29.7
Saktong sakto
35:31.7
Pero peke yung gitara mo
35:33.7
Pero pareho yung presyo
35:36.3
Makukuha mo yung tunog
35:38.3
Kasi ginaya mo eh
35:39.3
Pero ang problema
35:42.3
Peke
35:43.3
Yung serial number mo
35:45.3
Peke
35:47.3
Nag-gaya mo nga
35:49.3
Wala namang problema
35:50.3
Pwede mo namang gayahin
35:51.3
Kasi ang problema mo lang naman
35:52.3
Paano mo patunog na parang Fender eh?
35:55.3
Parang dito ang sinod niya lang naman
35:57.3
Paano mo naman mapagana na parang ano eh?
36:00.3
Parang legal tender eh?
36:03.3
O di gayahin mo yung legal tender?
36:06.3
Pero peke
36:08.3
Oo nga naman
36:09.3
That solves the problem
36:11.3
Pero why would you do that?
36:21.3
First sabi niya
36:23.3
For the sole use of currency and not as a trading commodity,
36:26.3
our attorney would rather focus on those misuse of crypto for investment scams
36:31.3
because it's a sure win
36:33.3
And
36:34.3
Distractive
36:35.3
You forgot that
36:40.3
Nakakalimutan mo na may mga tao na nawawalan ng pera dahil sa crypto scams na yan
36:49.3
Sure win talaga ako
36:51.3
Bakit?
36:52.3
Nag-iisip pa ko eh
36:59.3
Cryptocurrency trading is a scam
37:01.3
And no one would be able to defend it
37:04.3
Meron ka pang admission dito
37:09.3
So easy win for attorney against whoever would try to defend that hill
37:14.3
And there are far more who abuse crypto in scams
37:17.3
So there will be far more people who can call out and get with
37:23.3
A pretty smart strategy indeed
37:26.3
Of course
37:29.3
Of course
37:32.3
Of course
37:34.3
Of course
37:37.3
Pero ito no
37:39.3
Ang galing mo din eh
37:40.3
Paano natin pagaganahin na parang fiat money itong cryptocurrency?
37:45.3
Gayahin mo yung fiat money
37:48.3
Daddy nag-fiat money ka nalang sana
37:57.3
Let's go
37:59.3
Okay
38:00.3
Say hi
38:01.3
Oh, I did not upload some of your videos
38:04.1
but do you want me to upload it?
38:05.8
Yes.
38:06.7
Okay.
38:08.3
Say, say hi.
38:10.8
Hi.
38:11.9
Okay.
38:12.6
Yan, mga kapatid natin.
38:19.0
Natatawa lang talaga ako dyan, no?
38:21.9
Papa, chat.
38:24.4
Gayahin mo ito.
38:25.5
Gayahin mo.
38:26.7
Akala ko ba cryptocurrency
38:28.2
yung gagawin na basehan?
38:30.6
Yung pala,
38:31.6
US dollar pa rin yung basehan.
38:33.7
Ewan ko sa inyo.
38:34.8
Maraming salamat, mga kapatid natin.
38:38.9
Okay.
38:40.3
Maraming salamat.
38:41.2
Matulog po tayo ng mahimbing
38:42.3
dahil alam natin
38:43.2
na yung natutulog ng mahimbing
38:44.6
siya yung laging panalo.
38:45.7
Paalam, papatid.