John Oliver Covers Bitcoin And Cryptocurrencies On Last Week Tonight
John Oliver is an English comedian, writer, producer, political commentator, actor and television host. He is most known for is work on The Daily Show with Jon Stewart and now he is making a name for himself on his very own show on HBO called Last Week Tonight.
Quite recently he released an entire episode covering Bitcoin and cryptocurrencies.
Oliver does a great job aggregating information to explain Bitcoin:
“I’m a virtual currency, worldwide, that you can send for little to no fees, open source, not controlled by any government, corporation or individual. It’s financial freedom BRO!”
He even brought on Don Tapscott, author of Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World, who spoke on the security of blockchain technology:
“A blockchain is a very highly processed thing like a chicken mcnugget and if you wanted to hack it it would be like turning a chicken mcnugget back into a chicken. Now someday someone will be able to do that but for now it’s going to be tough.”
We commend John Oliver for covering Bitcoin and cryptocurrencies, which we believe are the future of finance and data recording.
For much of the episode Oliver focuses on responsibility when investing in cryptocurrencies telling viewers to not invest any more than they could afford to lose, which is a pretty standard phrase in any financial market. But still good advice.
John Oliver also hones in on the EOS project, which he clearly does not understand. He reads off the initial coin offering numbers scoffing at how much value the EOS team has raised. Oliver also doesn’t understand Block.one’s obscure mission statement and relationship to the EOS blockchain. Launching a cryptocurrency that competes against state created fiat currencies is highly illegal according to governments. Block.one does not want to be held directly responsible for the launch of the decentralized network. If governments could find out who Satoshi Nakamoto is, you had better believe they would kill him.
Watch the episode below:
Dear John Oliver – By eosio On Medium
Block.one’s CTO Daniel Larimer has previously built and deployed two of the most used (and “usable”) decentralized applications to date. Having originally worked on the development of Bitcoin and feeling it would not adequately perform, Dan developed a scalable high performance Blockchain architecture, now widely known as Delegated Proof of Stake (DPOS); today DPOS processes the majority of all blockchain transactions globally.
EOSIO is designed to leverage DPOS and familiar scripting languages to enable developers and businesses to more easily take advantage of high performance blockchain capabilities, and deploy open source community driven business models.
Block.one believes Blockchain technologies have the potential to become the next mainstream infrastructure for communication and commerce, and can introduce new freedoms while streamlining compliance and universal interoperability. The company is committed to the technological and regulatory innovation required to push forward on common ground for developers, users, businesses, and regulatory agencies around the world.
Block.one and community contributors make continual progress on the development of the EOSIO platform that can be viewed on the EOSIO Github, a fully transparent hub where the real time progress of feature creation through to completion can be viewed and contributed to.
They then discussed Brock Pierce, who is now moving on to independent community building and investment activities. In short the Block.one crew has no hard feelings and is thankful for his contributions.
They went on to say:
As a growing company building value through an open source community as opposed to traditional avenues of proprietary software ownership, we are conscious of the importance of robust corporate communications. We take professional standards seriously and are always focused on raising the bar as our company transitions from startup to aggressive growth. We value acknowledgment of room for continued improvement and remain confident in our mission to further the impact of Blockchain as a foundational technology.
Thanks again for the entertaining reminder to stay informed when it comes to new industries, concepts, and people.
Your fans at Block.one
P.S. If you’re interested in blockchain based Beanie Babies, we recommend exploring #Cryptokitties