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: