Competition is Good Even For Crypto [VLOG#104]


this bottle I’m telling you what if
you’ve never seen the Costco liquor it’s
massive like its massive. Cryptoslo
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CryptoSlo with more crypto gains what’s
going on guys happy Tuesday
yeah it’s Tuesday so nice long weekend I
got to go and have a little break
noticed there was probably no content
this weekend but I’ve got a bunch of
editing to do and I’ll have some pretty
cool things I’m gonna put up for you
guys about the weekend went to a heavy
metal show and it was actually in a like
literally like an old castle if you’re
familiar with the movie Shawshank
Redemption
it’s where the concert was so that was
pretty cool it was pretty cool so
today’s topic competition is good so I
met up with my buddy this weekend and he
brings me a bottle of Costco Kirkland
vodka
well does that have to do with anything
has to do with a lot this bottle I’m
telling you what if you never see the
Costco liquor it’s massive like its
it’s like twice the size of the normal
jumbo gray goose bottle and I was just
like dude how much this cost
and he’s like $19.99 oh it’s like what
20 bucks
5x filtered beautiful bottle how in the
world can they deliver such an excellent
product for so cheap and the reason is
because of free market so I was
interested I was like today I have
bourbon this man he’s like yeah and I
was like wow man I was like Costco Wow
it just shows you when there’s
competition how superior of a product
could be delivered at a good value to
the person so fast forward I go okay
that makes me wonder why doesn’t Costco
sell liquor everywhere in every state
every Costco everyone’s like if you go
to Florida stop the gospel
and I was like okay cool and anyways so
I look it up there’s 17 US states that
cause goes not allowed to sell their
liquor and it’s because the government
and I was just like wow so basically as
a customer
with the monopoly in place in them
controlling everything only certain
people get rich the customer gets an
inferior products you know why would I
pay $50 for Grey Goose which I thought
was a super duper premium product when I
can get a Costco bottle twice as big
just as good and it actually might even
be Grey Goose in the bottom and it’s
it’s because of these monopolies so how
does this all tie in the crypto its eyes
into crypto in a really good way because
it shows you that even though regulation
is needed with crypto currency it’s a
horrible idea an absolute horrible idea
for the government to have their own
cryptocurrency
because they would not be able to
deliver a high quality product to the
people in a manner that was free-market
they would never be able to do it there
would be massive overhead you know every
time you would send a million imagine
it’d be like everything else the
government runs every time you’d set
points there’d be a u.s. coin fee a
crypto and whatever whatever fee
they’d have ten fees on every single
crypto transaction that you send and it
would absolutely destroy the efficiency
of the crypto and the whole concept of
free market so think about that I mean
that’s kind of a tricky area that you
know as we move forward this crypto
journey you want regulation definitely
to keep people from getting wrecked but
the actual running of you know of a
company in essence a centralized entity
running a decentralized product project
meeting the government would be running
in a centralized fashion a decentralized
currency it just it honestly I don’t
think it would ever work just because
the government interests are never it’s
never centered around efficiency and
it’s always it’s usually so focused on
fairness that it just completely blows
out all efficiency and free-market it
usually come in and in 10x whatever
government does you know
you know we’ve seen this time and time
again you know look at when they tried
to design the healthcare website you
know they spent a bazillion dollars it
was broke did work and crash the first
like the first couple days it was online
you know and then then you had a couple
dudes in a coffee shop they wrote
something up that using API and it
worked three times better than the
government’s massive project that you
know crashed couldn’t even handle like
they don’t use the experts of the people
and it just it just shows you that free
market is important
consumer control is important for
something to work out so that’s today’s
thought next time you’re in one of the
states that allows it I’ll put that up
on the thumbnail pick you up some
Kirkland’s best Costco liquor at
one-third the price with twice the
quality. This is cryptoslo, if your not talking gains, then were not talking

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