Heres Why Joe Rogan Is Not Convinced on Cryptocurrency and Bitcoin (BTC) – The Daily Hodl

In the latest episode of the Joe Rogan Experience, the popular podcaster riffs on the surveillance state and why crypto and Bitcoin make him nervous.

Speaking with ex-CIA cover operations officer Mike Baker, president of Diligence, a global intelligence and security firm, Rogan calls out the big data grab by the National Security Agency (NSA) collecting everybodys personal information, from phone calls to text messages.

Baker calls Amazon, Google and your Samsung TV bigger surveillance threats than the NSA, given the ability of ubiquitous consumer devices to watch people in the comfort of their living rooms through embedded cameras or to listen to voice commands and other communications through microphones.

Its the commercial side thats collecting information not necessarily for nefarious purposes. Theyre collecting it for marketing purposes to make more money, which is what theyre in business to do. Theyre the ones hoovering up data that then leaks out because somebody hacks, grabs all that information, and then they use it for something nefarious.

Rogan pinpoints the type of new digital trends he finds worrisome.

Well, I get nervous when I hear about companies like Facebook that are thinking about starting their own cryptocurrency. Im like whoa, whoa, whoa, whoa. Are you going to have your own money now?

Im not a not-believer [in Bitcoin] but Im not invested in it. I had a guy on several times, Andreas Antonopoulos, whos a big Bitcoin expert very, very bright and interesting guy and I really enjoyed talking to him about it. But hes all in. He does all his banking with Bitcoin, pays his rent with Bitcoin, gets paid with Bitcoin, everything is Bitcoin with him. And hes loved by the Bitcoin community and all this different stuff.

But, at the end of the day, I just dont totally understand how you can have so many of them. Like how many cryptocurrencies are there, and if you dont have so many of them, well whos to say when you can stop making them?

Baker is similarly puzzled by the concept of decentralization and how the system can operate without some authority that is in control or without traditional forms of backing by a government or a commodity. Essentially, the computer science and math behind it is illusory. He says he falls under the category of not understanding Bitcoin because he hasnt taken the time to dig deep. Rogan counters,

You cant. You dont have enough time to think about everything. So Im letting that one play out on its own. Im just going to sit back, and when its 100% and everybody is like Look, Bitcoin is just like money ok, but until then.

They kind of predicted it was going to be just like money a few years, and it never really did hit that. But you can buy some things with Bitcoin. Theres some companies that let you buy computers with Bitcoin.

Baker says he buys gold. He also cops to wearing a blingy chain back in the day though not too chunky. Adds Rogan,

Gold is real. Theyve been killing people for gold forever. Its legit shit.

Despite gold being the real deal, Rogan questions why people are still so attached to it considering the tsunami of stuff on the planet.

I dont even like it as jewelry. I think its kinda tacky.

Featured Image: Shutterstock/igorstevanovic

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Heres Why Joe Rogan Is Not Convinced on Cryptocurrency and Bitcoin (BTC) - The Daily Hodl