Comedian Bill Maher denounced cryptocurrency (Bitcoin, Dogecoin, etc.) as nothing more than a fantasy that renders nothing on society.
During his HBO show “Real Time” on Friday night, the comedian labeled “cryptocurrency” a Ponzi scheme that wreaks environmental damage due to the amount of electrical energy its supercomputers consume.
“Nothing with ‘crypto’ in the title ever turned out good. There is a mania rising in the nation these days,” he began.
“I fully understand that our financial system isn’t perfect, but at least it’s real. Apple stock is worth money because Apple makes thousand-dollar phones that everyone buys and drops in the toilet,” Maher added.
Though Maher admitted that capitalism (the Wall Street type) does dabble in immaterial speculation, the money it uses ultimately “had to originate from and be generated by something real, somewhere. To which cryptocurrency says, ‘No, it doesn’t.’”
“Nothing is ever actually being accomplished and no actual product made or service rendered,” Maher alleged. “It’s like Tinker Bell’s light. Its