In case you were wondering whether crypto hit the mainstream, YouTuber EpicLLOYD has recently taken part in a cryptocurrency-themed rap battle. All dressed up as Alexander Hamilton, the father of American banking, he was “dropping bars” about the benefits of a centralized system of governance.
“You just need to trust the code”
Hamilton sparred with Bitcoin’s elusive creator Satoshi Nakamoto (Timothy DeLaGhetto). Their debate sheds light on the weaknesses and strengths of fiat money and cryptocurrencies.
According to Hamilton, a nation won’t be able to survive without a strong central government. However, the crypto rap Satoshi believes that this how governments keep people in control.
You don’t need to trust the people, you just need to trust the code;
Every record’s in the network, you’re just one node"
The video also touches upon the problem of the $700 billion bank bailout bill, which served as a precursor for the creation of Bitcoin.
So why would I take my advice from the banks?
I don’t need a bailout to survive. Thanks”
A crypto get-together
The video features a lot of A-list cryptocurrency influencers, including Litecoin founder Charlie Lee, British cryptographer Adam Back, and EEC CEO Zooko Wilcox-O'Hearn.
Reid Hoffman, who produced the video, claims that the best part about his initiative was communicating the who’s who of the industry.
Hoffman is interested in Bitcoin because it can act as an asset, as a currency, and as a platform for building other financial applications.