Ben McKenzie vs. crypto

Ben McKenzie argues crypto fails as money because it replaces human trust with flawed code, citing El Salvador's failed Bitcoin adoption where only 1% of remittances use it. He exposes crypto's core contradiction: a 'trustless' system requiring corporate mining and suffering from technological limits like Bitcoin's 5-7 transactions per second. The documentary frames crypto as a grift built on narratives for Western investors, not real-world utility.

McKenzie delivers a damning, evidence-backed case that crypto doesn't work as money, using El Salvador's real-world failure and the emptiness of 'blockchain solutionism'.

1. 01Crypto's promise of 'trustless' money collapses because money is inherently trust-based, and crypto relies on corporate miners and unstable value.
2. 02El Salvador's Bitcoin experiment failed in practice: merchants reject it, remittances via crypto are under 1%, and users face exit barriers and volatility.
3. 03The 'blockchain fixes everything' meme is a joke in tech circles, revealing crypto's lack of real problem-solving beyond speculation.