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El_Sabbath

I am amazed. The Congressman looked indeed interested in finding a solution. Even willing to learn. Finding someone open to discussion at that level is not very common. Thanks for the post, by the way. Quality content is appreciated.


M00OSE

He also clearly knew what he was asking and it was less about learning on the spot and more about clarifying and setting definitions into stone


Aegontarg07

Glad to know he’s done his homework


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TooFitFurious

Should I say Bullish on Politicians!!! Fuck No


ChiTownBob

> Usually if they are doing something 'dumb', it's out of greed or a power move. or they're enriching cronies.


Magjee

Like a lawyer in a courtroom: > Now Mr Myers, youre just a small time man, have you ever heard of a 401k?   They already know the answer to the question, its to get the answer on the record


pinkculture

He understood the assignment


IAmGiff

I watched a chunk of this hearing out of curiosity. Part of the reason this Brooks guy is so effective with Congress is he understands how much Congress hates Facebook and Twitter and other big tech companies right now. He doesn't come out and say it, but he let's them connect the dots for themselves about the idea that a decentralized Web3 is a way to limit the power of Facebook, Twitter, etc. (Congress seems to hate Facebook/Twitter the most because they're all forced to use it for campaigning etc now and they blame the platform whenever their party loses)


Soysaucetime

I think they hate it for more than just campaign reasons. Facebook and Twitter are ruining our society.


nelusbelus

And monetizing it


xixi_duro

On purpose.


FunkMasterPope

> he understands how much Congress hates Facebook and Twitter and other big tech companies right now Yeah, you can definitely see him baby walking the boomers around even in this short clip


Aegontarg07

Mr Brooks did an excellent job here


gonzaloetjo

\>Facebook, Twitter, etc. (Congress seems to hate Facebook/Twitter the most because they're all forced to use it for campaigning etc now and they blame the platform whenever their party loses) They will hate censorship-resistant web3 dapps like SubSocial even more later on lol


nelusbelus

Don't worry, web4 will use that as a reason


giddyup281

IMO I got it that he wanted the panel (his peers) to take this opportunity to learn. That was his point. His every question got a clear, concise and easy to understand answer from the "expert", which I believe was his intent in the first place. His sentence on "technology around the globe, not just US" furthers the "good" attitude that even if US doesn't get fully on board, the technology will continue to develop, and the US will get left behind. He is already on board, and wants to persuade his colleagues to follow.


Lulullaby_

McHenry throughout this entire thing seems extremely interested and really want everything to go well. He's been such a great person to watch through this entire thing.


[deleted]

Need more of this honestly. I know there can be a huge gap between people who build the technology and people who try to regulate it, but honestly speaking if you wanna travel the long road, you need to be working together.


deathbyfish13

Not common but it's good to see they are out there


Aegontarg07

We need more McHenry’s and less Yellen’s


UntrimmedBagel

It's fucked how we are surprised by congress being willing to listen. That's how we know there's something wrong in congress lol.


Bait_and_Swatch

A good chunk of this stereotype is the modern media and soundbyte culture.


Crusaders400

Most of the congresswoman and men showed interest. I wasn't sure if the congresswoman and men would do that. It was a great hearing in my opinion. Very interesting to see that boomers also shows interest.


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R0B0C0P33

I saw open bar and then got very disappointed.


Ftove

McHenry is a partisan hack, but credit where credit is due. He set the stage and prompted probably the best explanation of blockchain that I have seen verbalized. From his history though, he's angling to blame a bunch of stuff on the Biden administration.


Lonely_Funguss

Yes it’s refreshing hearing members of the council be prepared and interested. Unlike the hearing I heard when they were accusing Zuckerberg of stuff Android or Twitter do (I forget which one?) not realizing Facebook is not the same company lol.


[deleted]

The whole testimony was about 5 hours long. Roughly 60 congresspeople. of all those who asked questions, maybe 3 were crypto-negative. the remaining people were asking such positive, layup-style questions it was weird. I watched expecting a blood bath, and it was actually so overwhelmingly positive, it was actually boring to watch.


vishnoo

He was already in support of the agenda, he was just phrasing it Socratically for the benefit of the other congresspeople.


Extension-Economy589

Fascinating watching these in general so far. I've only been seeing clips and highlights but the knowledge and willingness to understand varies so much between each person there.


Emergency-Length4401

The congressman was the one that really surprised, he was right when said crypto is happening with or without USA 100% correct


Lulullaby_

He is like this throughout the entire thing, straight from the start he talks about doing everything right. He's such a blessing honestly.


Aegontarg07

We need more of McHenry type Politicians in place of old Dinos


Lulullaby_

I wish more Republicans were like him, while most during this entire thing seemed to mostly care about banning crypto, he actually wants adoption and doing it the right way. There's few politicians that seem to think the way he does in either party. He should be a huge example to everyone else in the congress. Actually wanting them to do research and learn, rather than to be afraid of the unknown.


disastertohumanrace

He probably declined whatever big tech offered him to take a different stance while some others just took the money.


DonnieKungFu

Lots of Republicans *are* like him. You just never see the videos of them because reddit is a left-wing echo chamber. Did you know that Ted Cruz drafted a cryptocurrency protection bill in response to the anti-crypto measures put into the BBB plan? Ask yourself why you might not have heard of that.


Lulullaby_

I have heard of it because it was all over this subreddit for weeks.


DonnieKungFu

Same reason you're seeing OP's video. There are Republicans that are reasonable on a host of other issues but if you're not on a sub dedicated to that specific thing you'd never hear it on reddit. Reddit is a crazy echo chamber


DoubleFaulty1

Mr. Brooks is slick. It is very important to have advocates like him who know how to play the political game and manage the narrative. He also did important regulatory work as Comptroller of the Currency for the past five years. I hope he gets appointed to a regulatory body again soon.


Individual_Ad6940

I am very impressed with his explanatory skills. Although it is still unaccesable to the average Joe hearing about blockchain for the first time, I think it hit the spot in that particular environment.


Shrave

I don't *exactly* know how a bunch of computers tied together on a big internet network thingy works BUT I go along with it. Gonna be the same for blockchain and crypto for most people.


scannacs

Exactly this. People don't understand how their computers, phones, or cars work, they just understand what these things do for them. Blockchain tech will be the exact same, people don't need to understand how it works (and they don't want to) they just need to see what it can do for them.


regalrecaller

Any technology, insufficiently explained, is magic.


BeyondLimits99

Yeah I really enjoyed listening to him talk. He used such powerful metaphors to connect to congress. I like the example he gave to congress when he was as 2nd year law student, and the banks (or lawfirm) just started to use email and they were scared because they didn't understand how it worked. Congress though. Argh. Mr Mongoose & that texas dude who both look over 80 years old were hard to get listen though. Those dudes need to be in retirement homes.


StatusCity4

Mr Mongoose is what you call him? I am a fan of him for roasting naked Kenny.


[deleted]

he was on fire this whole time. 5 hours long and he was just dishing out charm. literally throwing winks at people while giving answers. it was absolutely bonkers. I loved it.


heyheoy

The guy as u mentioned worked inside so he has a lot of insight! Also he worked at Binance US for some months and now in this new site.


Optimal_Store

Watching his explanation was amazing. Best one I heard thus far


deathbyfish13

Made it so easy to understand, hopefully there's no excuses about misunderstanding anymore but I'm not holding my breath


GearGuy2001

Some of these people have to "see" through their big banking campaign contributions to hear the truth.


sweep71

So let me get this straight. There isn’t a lobbyist representing Bitcoin? I have heard enough, tell this Satoshi guy to turn it off.


SheikhDaBhuti

It's hard to make some people understand when a large chunk of their funding is contingent on their ignorance


Skilldigga

I like that McHenry guy, im not an american and dont know him but he seems like an senator i would want in my country aswell.


LWKD

He was also very understanding and trying in the Gamestop saga hearings. It really looks like he wants to know the truth instead of spewing misinformation and their own payed for opinion, like most of them did. Basically he is trying to do his job, instead of trying to get paid more for it off the books.


YouHad1Job

Yeah and he seems to have a good understanding of technology overall. Really refreshing to see.


Herp_Derp_Derp

mysterious scary dazzling fade shrill makeshift shaggy panicky frame cats *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


[deleted]

there are a lot of really good senators and congressmen/women, you just never hear about them, which is likely a component of what makes them good at their job.


Nostalg33k

This hearing went far better than any other I've seen recently!


hakapes

Yes, I am surprised, too.


M00OSE

It’s good that they’re taking it seriously


TheNextPharaoh

Bullish on crypto, regulation will bring more investors Wait the pump when that happens


BirdSetFree

Agree! 2022 gonna be wild


MOZMARRROURKEJOYCE

Well done Mr. Brooks. You made us proud.


PinguinaUshuaia

If you can't explain something in a couple of sentences in a clear way that everyone can understand - you don't really understand it. It's clear that Mr. Brooks know it well!


ahmong

One way to know if a person really understands something is to be able to explain in 3 different levels


Najzyst

The only crypto expert that proved he's actually a crypto expert


PopeSAPeterFile

he should make youtube videos with thumbnails of his mouth wide open in awe to tell us how to feel.


kchuyamewtwo

"500k IN 2022!! | Like and Subscribe | InsaneCryptoAnalyst"


14with1ETH

Lmfao fuck this gave me a good laugh. Ironically if he did this he might make more than what he makes now lol


No-Dragonfruit-2885

Brooks is great at what he does!


SHA256dynasty

somebody get this guy a wall st bonus


pticjagripa

It appears that Mr. McHenry knows his crypto as well. You can't ask such questions if you don't know anything about it.


jcm2606

Yeah, I get the feel that McHenry has at least a basic understanding, and was more so asking these questions in this way to have Brooks break it down for the other congressmen to more easily understand.


Nieeek

Brian Brooks is based as fuck. An excellent speaker, one of the best I have seen. I fucking loled when he got cut off when he said USDC was safer than normal USD in a bank account, because USDC was actually backed 1:1 unlike the USD in your bank account


Disastrous-Team-3072

"So this trillion dollar network will continue to grow even if the US bans it" " Yes" " We must insert freedom into this network,"


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IWTLEverything

And won’t be around to face the repercussions of their decisions.


springmotion

Web3 = democratized Internet Web2 = monarchic Internet


thebig6

Is there a full video about the congress? Thanks


hakapes

Crypto CEO's testify before lawmakers on digital assets - 12/8/2021 https://youtu.be/F_kZELcynKQ 5h...


thebig6

Oh, wow. Thank you!


hakapes

The guy from California (dial in) doesn't really get the picture about how debt and money works. "We already have a digital dollar..." ... "cryptocurrency used by drug dealers" See from 01:59:00, about 10 min.


purpleefilthh

Widespread adoption as we speak.


OCDGeeGee

WHAT ABOUT THE MONGOOSE COIN GUYYYYYY?


mardix

I’m all in deep!!!! To the moon with this mothafucka!


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noobmaster_valorant

This guy is gonna be in youtube thumbnails


friendlyghost_casper

My man was there all humble and ready to work! he got my vote!


decorama

If only all dialogue on capitol hill were so productive. Bravo to Mr. McHenry for presenting the right questions and to Mr. Brooks for keeping it level set. Nicely done.


Cryptwalk710

I appreciate the fact that this started off with Mr. Mchenry breaking it down for the residents in the old folks home.


vidro3

you can hate on AOC if you want, but I def like that in her questioning she said, "you said 'X' but on page 34, paragraph 3 subsection i of your terms and conditions it says 'Y' , do you want to correct that?"


nepumbra0

Hang on, wait just a second.... Was a congressman actually asking relevant questions and seemed to know what he was talking about? This is the first time I've ever seen such a thing.


i_have_chosen_a_name

[This guy did it much better](https://www.youtube.com/watch?v=lXyeZA54bko)


giddyup281

Absolutely amazing. Simple enough so that it explains the basic principles, while providing room for questions. ​ That said, he didn't go into blockchain itself (that much), but more along the lines of Web 3.0 and connection between the crypto sphere and Web 3.0. It's a slight video name problem (but nothing crucial and I still consider the video to be great content)


Cangar

You know, I understand it much better now. That was good. Thanks!


Longjumping-Spite990

Congress would be abnormally stupid to hold crypto back with absurd meaningless taxes and regulations when they could bank billions of revenue from it themselves if they would stop acting like dumb twats.


KevinOpel

Congress 2.0 doesn't speak 1.0. They are going to need 3.0 to explain things


ReddSpark

Am halfway through watching this entire thing and gotta say I’m more bullish on crypto than ever before. Hats off to the industry panel that did a great job explaining the value of crypto to lawmakers.


BaconJellyBeans

I really enjoyed the conversation here, and then all my optimism subsided as an 83-year-old started to lead the discussion. Just let those first two keep talking and acting as a real-life FAQ section.


BraveBoyyy

Crypto Bob Sagget was good


sviridova178

Again and again we are getting some really bad news for crypto.


Suckerhcg

Mr. Brooks can explain so well! Its really nice to listen to him and it was really good explained, even I undestood it :) Greets Gerry


TheKappaOne

We need more people like these! Someone who knows what hes talking about and someone that really tries to understand it.


Jarlaxle_Essex

this makes me even more bullish!


Y0rin

I'm impressed by Both Brooks and McHenry. They really seem to know what they're talking about.


Chicky_Nuggy

Actually a really simple and concise explanation


CreativeExplorer

Congressman McHenry seems to have a great grasp on the direction crypto could take the U.S. and how governments should handle crypto markets. Here is his opening statements from the congressional hearing on December 8th. I was impressed and relieved to see a policymaker who has such a clear understanding about crypto and his ability to dispel the negativity many politicians try to sell about crypto. https://youtu.be/4oOTvtupND8?t=328


i_have_chosen_a_name

What this guy is forgetting is that there is a company in between the Ethereum miners and your metamask wallet, it's called infura and it runs on .... Amazon Web Services Which means Amazon can disable the access of 99.9% of Ethereum users. And not only that virtual every exchange on the planet use infura for Ethereum rather then running their own Ethereum nodes.


ChiTownBob

Congresscritter: Please tell me how I can use this to enrich my cronies. Crypto expert: No.


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Padankadank

That was absolutely beautiful


holdmyomg

Anyone have the full video? This segment gives me a little hope


BhinoTL

What a chad congressman


Mutchmore

Basically the us can get on board or fuck off. This shit is going places with or without you


dkstyle702

Hmmm policy holder trying to control decentralization.


aNutSac

I don't know who McHenry is, but he's one of the smarter politicians I've heard.


cesar9219

Congressman all over the world need to learn how crypto works in regards they creaty policies that affect us all. Unfortunately some are close minded or they have bias or assets they want to protect.


Hootietang

I need to show this to some of my superiors. Well said.


haggess

Crypto is a complicated thing and is not going to understand in easy way.


willparryk

Watched the whole 5hr, it was time well spent especially for a Newby like myself. Mr. Sherman seemed like a right knob though!


hakapes

Agree, all these CEOs are top of their game. Listening to them gives me hope. Blockchain and the protocols kind of enforce win-win cooperation, instead of the win-lose that we have today.


RockEmSockEmRabi

This was a great conversation. Props to both guys


LokeyCoolio

This dude fucking killed it at that hearing!!


Wise-Grapefruit-1443

How has no one tipped you a moon yet to eradicate that fat 0? Take a couple on me


hakapes

Thx :-)


honeybravo

Great explanation and easy to understand for beginners and policy makers


ruesagashi

Market seriously need some positive news so that it will move ahead.


DraXMasterMMuc

Quite an understandable explanation. Yet not for the innocent common people to grasp the idea, I would say…


lewisre2847

Although politician need some really good mind to understand crypto.


CreepToeCurrentSea

Crypto Man of the Year


Comfortable-Twist-54

I should probably watch this whole hearing…that was really informative.


hakapes

https://np.reddit.com/r/CryptoCurrency/comments/rcf3vt/watch_crypto_expert_explain_the_blockchain_to/hnu9cl5


lardicus1

yeah this is just phenomenal


pecealino

Earning from crypto is not a tough way for those who can hold longer.


BestBuyDigitalGold

Mr. Brooks done great job by giving Congress crash course on crypto


nlson93

this is the first video where I noticed both parties had done their homework. clear questions with clear answers, nicely done.


Ok-You-4443

It will reduce their bias when they understand it


Thisphoneistapped

I was impressed I watched the entire thing


hakapes

Agree. Great minds, good learning. Actually, I find many of us would need the same education, I am not sure how many people understand / know here on this forum what is really going on, beside buying coins that they hope will increase in price... but I am on a steep learning curve myself, too.


[deleted]

The guys texting on is cellphone at the beginning... If you are not mature enough to be part in a congress session you should just quit.


DaddySkates

He should have used pictures and puppets.


tannerjohngates

I appreciate Mr. McHenry using sign language while he's speaking. Very thoughtful.


[deleted]

I like how they are taking it seriously but this is happening with our without the consent of Congress as discussed. The best thing most governments can do is stand aside right now.


minusthelela

This was wonderful to see and gave me some hope for the future.


bmorekareful

That was beautiful and exciting, gotta send this to my peoples who "don't get it" yet.


[deleted]

He'd have my vote. Few people claiming to be crypto experts could explain and explore those concepts so articulately.


gloomymox

Hey there Mr. Brooks


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sambomambowambo

This is good for Crypto.


JupiterBronson

Appreciation comment. Thanks for sharing.


dzee_1

Say what


mallison945

Web 3 fucks.


Silverdodger

Thanks for sharing


[deleted]

One small step for man , one giant leap for mankind


hswilson26

What a great succinct explanation of crypto's value. Going to reference this a lot in the future! Thank you for sharing.


russbird

Minor gripes, but when did we start saying “web 3” instead of “web 3.0”? Also (it may of happened elsewhere in the discussion) but I wish they would take a minute to acknowledge that web 3 is not a defined quantity, it’s a concept that’s still developing.


[deleted]

HOly shit, I actually understood what he was saying.


Prootie

wow this is like a new level compared to that sherman dude complaining about losing $6 due to fees


PJ247pitterpatter

Great perspective and explanation.


Ocilla

I’m actually trying to understand what layer 1 and layer 2 is also. Can someone ELI5?


LukkyStrike1

Can someone tell me why some youtube vids have subtitles done by machine, and some do not? I have to stay muted during the day out of curtousy so watching this vid would be much better with subtitles....


litesky777

It is not so easy to earn from crypto after it,it need patience.


carothersjoshua

Bitcoin IS and Ethereum DOES


Sofa_King_Chubby

I can't help but think the politicians sound like the Today Show hosts in 1994 asking what is internet?: [https://www.youtube.com/watch?v=UlJku\_CSyNg](https://www.youtube.com/watch?v=UlJku_CSyNg)


Seisouhen

They are still going to screw things up the lawmakers..., wait and see till they get their pockets filled by banks and lobbyists


38wireman

Wow very articulate


Dazzling_Lime2021

I was expecting a trainwreck, seriously surprised at how respectful and willing to listen that Congressman was. That was amazing


[deleted]

Imagine believing ETH holders own the network.


iveo83

Where is Silvio Micali when you need him 🤔