News: You Won't Believe What The BIS Is Proposing Now
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 15 August 2023
⏱️ 16 minutes
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Transcript
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| 0:00.0 | Hello, fellow rebel capitalists hope you're well. So everybody's favorite central planners over at the BIS, the Bank of International Settlements, or the Bank of International Marxism. |
| 0:14.0 | They have come out with a new proposal. |
| 0:17.0 | I'm sure you're excited. |
| 0:19.0 | You're overwhelmed with joy. |
| 0:22.0 | But this really sheds a light on how they think in several |
| 0:27.8 | different ways. So let's get right over to a tweet that or whatever the |
| 0:32.0 | hell you call them now an X that I did earlier today so |
| 0:36.8 | T L D R well first of all here is a tweet that they sent out, can Defi incorporate real world information into smart |
| 0:46.9 | contracts and stay fully decentralized. The need for oracles suggests the answer is no. |
| 0:56.8 | Like right off the bat when I read this, I'm like, |
| 0:58.9 | what? |
| 0:59.8 | The need for oracles suggests the answer is no and then look at this creepy |
| 1:05.0 | picture they have here truth highlighted and impossed not now I'm reading from |
| 1:10.0 | their little thumbnail. |
| 1:12.8 | An impossibility theorem on truth-telling |
| 1:16.5 | in fully decentralized systems. |
| 1:19.6 | So raise your hand right now |
| 1:21.5 | if you have any clue what they're talking about. |
| 1:24.9 | No one has their hands raised. |
| 1:28.1 | This is utter. It's like, what are you saying? Let me guess. |
| 1:33.4 | This is just some crazy way to confuse people |
| 1:37.3 | where the conclusion will be, |
... |
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