Former PayPal CEO Bill Harris Reveals Why He Thinks Bitcoin Is The Biggest Scam In History | CNBC

[@AnthonyShuker]

and now paypal is accepting bitcoin payments...

[@BlueBusssss]

do they charge a fee?

[@cv289]

What a irony :D

[@ygggaming951]

Hahaha

[@ranjitchakravarty604]

Took just 2 years from being sham scam to being a holding in its own treasury. Dont listen to what they say but what they do

[@chandranshpandey1929]

They are just cashing out money when fools around the world ready to pay them

[@ThoseWhoHeedTheCall]

Fast forward 2years and Paypal now offers Bitcoin. These swines have no shame.

[@anandapeaceoutside8576]

They are millionares , we are not, btc is scam cuz its stupid buy bread with a coin thar goes up 600% and then down -800% I prefer gold instead of that

[@jakelastname7384]

@@anandapeaceoutside8576 because you have no vision of growth or ai development??

[@anandapeaceoutside8576]

@@jakelastname7384 because you cant buy bread with a coin like that instead of a constant coin?

[@jakelastname7384]

@@anandapeaceoutside8576 it’s besides the point and yes you can😂💀 if you can buy guns and drugs with btc I’m sure someone will sell you some bread for one.

[@anandapeaceoutside8576]

@@jakelastname7384 so you can buy bread with btc or dollars? :)

[@maltatravel]

Paypal is a scam because the fees are way too high...

[@SallgastAktuellTeam]

still lower fees than for any bitcoin transaction lol

[@maltatravel]

not with segwit + you can just use other cryptos instead

[@jasonbeck8572]

lel lel, I just made a Bitcoin transaction and the fee was 50 cents. So...nope.

[@SallgastAktuellTeam]

thanks for proving my point :D although I gotta admit 50 cents, sadly, is a low fee for bitshit

[@agnetubeagne5449]

not lower then xrp fees

[@frederickmuhlbauer9477]

Looks like he was spot on.

[@cryptomaniak7104]

Well unlike a pump and dump it technically does have use

[@chingron]

Sarcasm? I hope so, because the current value of bitcoin is 150% higher than it was during that interview. That’s a pretty good return on investment. In fact, anyone who has ever bought bitcoin and held it for 4 years has ended up in profit. 8 years and you are talking massive profits.

[@markroberts6926]

What happened BITCOIN being called an INFLATION HEDGE and STORE OF VALUE!!!! Bitcoin might as well be renamed SCAM-COIN!!!!

[@cryptomaniak7104]

@@chingron exactly

[@cryptomaniak7104]

@@markroberts6926gold is also considered a inflation hedge, in the past 10 years has it not only crashed and also not out Preformed inflation more then 2 years. It’s also down from its all time high of 2170$ to 1680

[@bakesabundant2028]

Watch this video again in 2022.

[@richardbrout2242]

Will be even better after the next dump..

[@AriVovp]

Bakes Abundant yes. 2020 bitcoin crash blamed by financial market crash

[@JonB83]

Yup. Will be funny to read all these bitcoiner comments when the price of bitcoin plummets back to

[@levridge6601]

EXACTLY

[@madli007]

It will be funny to read all these nocoiners comments when the price of bitcoin skyrockets to 100k

[@DNYLNY]

Gold is real and tangible. It's shiny, pretty, and rare. You can't even wipe your ass with a bitcoin.

[@plexasm3623]

Paypal has scammed their users out of billions of dollars. Bitcoin has never disabled my account because a teenager paid me with his moms credit card.

[@cameronhannan6296]

Plex ASM lmao so true

[@travellingtime5942]

Plex ASM paypal is biggest scam on the planet

[@anorexicpitbull4714]

the market is extremely manipulatred tho, which you kinda can say is a scam, not the tech, but the market.

[@Farmer2492]

Bitcon the only one getting rich is the fat cat that started it and he has all his little sheep following him lol

[@thomasnguyen3017]

U must own bitcoins

[@DailyProg]

Who is still watching this in 2022?

[@werndero3029]

Paypal time is up.

[@damnright4]

Good Riddance... Pay Pal Sucks!

[@DJdlo870]

Funny, I made 17k on PYPL stock jumping 2 bucks today, I don't at all agree with this CEO, but paypal is far from done guys.

[@fuzzman9298]

lol dont be stupid its smashing it and waaay better bet than Bitcoin dont be deluded because he says something you dont personally like

[@rendyazha4315]

Blockchain is simple from Computer to Computer, not centralized rich Central Banks, The problem is who made Bitcoin until now does not know who, for what purpose, Anonymous appears on Reddit. At the peak of Bitcoin 2017, the price was up to $ 20,000 when the demand was high, how come it actually went down, should according to the Bitcoin Supply Demand Theory keep going up. The funny thing is Bitcoin is limited to only 21 Million units while others are mining on servers with powerful VGA. That means there is a limit of 21 million and code trillions lines (those in power) until now they don't know who, the office also doesn't exist. Conclusion Bitcoin is a fraud Long term it takes decades, because people feel that they have not felt a loss, Only people are smart and understand technology that Invest in Bitcoin. ,.

[@MEN101]

Do NOT use paypal! They freeze accounts permanently without giving you any reasons! You will never get your money out of of paypal! Paypal also does not allow users to move crypto currency off its platform into your own private wallet. paypal is the worst company ever when it comes to customer service. You’ve been warned!! Not your keys, not your crypto!!

[@brazenbull636]

Yea I agree with dude. I was meaning to actually get into crypto for a while. But every time i would begin, and then re-begin to research them to understand what actually makes them valuable. I mean really intrinsically valuable. I find nothing but a hollow shell. Like scaffolding with no building in the center. People seem to just be buying whatever with the hope that shitll explode like bitcoin did. I'm not some big investor type. Just a guy who reads books on the subject and likes to understand something before investing. Crypto is LOADED with red flags. I just can't do it..

[@MarkSmithhhh]

Definitely oversaturated...check out things like defi, which is pretty useful stuff...gaming cryptos where you earn to play video games is a cool concept as well...earning really high yield on non volatile stable coins (20% apy sometimes with little risk), lots of ways crypto is useful but its really speculative...but yeah man, speculation is where the big money is. Buying an Amazon when the world's dominated bt brick and mortar, buying Netflix when blockbuster owns the rental market...you just never know...all the big world changers were misunderstood and when those things were compared to prior world changers the rhetoric was the same "yeah but...THAT one at least did this..."... Don't bet the farm...problem is the whole idea of it being a currency is really killing it...i dint think it's a good currency nor I do think it ever will be bit the use of the technology is what I invest in...small percent of my portfolio, why not take a shot at a big gain with some side money...the cult of crypto hurts it too, Im pretty into it but I can't stand it...its speculative and that's OK if my eyes, I've made big time profits on it cause I got in early but frankly I jusr as easy could have lost all the money I put in, and honestly I still could...oh well...high risk high reward I suppose

[@TurboShred13]

What makes bitcoin valuable is the fact you cant print more. That technology is the intrinsic value. The central bank is the real scam. We have printed more 24trillion dollars in 2years where only 3trillion existed before. Look at the price of things goin up all around you. No asset has ever performed as well as bitcoin has. How long are you gonna ignore the best performing asset of all time? Or are you more committed to being broke?

[@DumbledoreMcCracken]

Guarantee all crypto is a scam. It started as an interesting computer science experiment, and now is just a Ponzi. It never had any hope of being a currency because it is deflationary, and therefore, can never be (in good conscious) spent. The technology of crypto only sort-of solves the problems that crypto itself created. Nothing good will ever come of it for the late adopters. Elon is the master pumper/dumper of crypto.

[@Land-of-reason]

The value of BITCOIN is that their numbers of units are fixed and hence retain value unlike FIAT CURRENCIES who's expansion causes inflation as is being demonstrated by Joe Biden and the Democrats.

[@DumbledoreMcCracken]

@@Land-of-reason That is a false premise. There are only a few surviving works of "art" that I produced when I was in school, but their rarity confers no value. Likewise, there are only a few operating Chevrolet Chevettes, and they hold no value.

[@con_el_maestro3544]

Well this guy called it... It's four years later and it's worth way less than half of the stocks currently

[@username-mm6gx]

Hasn’t the price of bitcoin (even after the crash) doubled since this video??

[@mister369]

@Perci Val you people have been saying this since 2010. Just give it up

[@adiintel1]

@Andrew Tate Bitcoin might not work for you but it was a life saving for me in my country while the currency has devauled so much i opted out and left. you are so lucky to live in a western country.

[@LambertBowden56]

@@adiintel1 What have you purchased with those bitcoin earnings...

[@adiintel1]

@@LambertBowden56 passport and hotel coupon little food

[@stevedb28]

Bitcoin is still around and he's no longer CEO of PayPal. Hmm go figure!

[@vijitmathur6949]

Bitcoin is, scam

[@Ashh1066]

@@vijitmathur6949 why is it?

[@vijitmathur6949]

@@Ashh1066 I want to be rich are u help me

[@vijitmathur6949]

@@Ashh1066 bitcoin is scam

[@vijitmathur6949]

@@Ashh1066 I want to be rich are u help andbitcoin is scam

[@Jinouga502]

This dude trying to spread FUD so he can buy the dip.

[@annohunk2433]

Better bet he is not that stupid. Only pretending to be.

[@theintelarif]

Probably now (August) is the time for him, BTC is around $6300 😛

[@felixlopez8350]

Yes he is pretending to be stupid, Im sure he is buying, he maybe corrupt but not stupid jaja

[@bffxgroup758]

This video was really helpful thanks. It was really scary when i got scammed though i recovered all my funds through LIONHATHACKER . COM who my colleague recommended to me.

[@BFX4REAL]

SCAM!!! Fraud site everywhere never you trust them, they have put me in pain over 4 months now, All thanks to God for sending Miss Elizabeth who helped me get back all i lost with the help of Lionhathacker.com

[@MomentswithDavid]

He's right it's a scam.

[@dg8366]

@@robertbalin5679 how does your bank account feel today?

[@willsmiffnwessun8016]

@@robertbalin5679 you re one of those who would sell his house go to a casino thinking that you would double your money. Finish school folks, finish school so you don’t have to gamble like this fool.

[@mathomuller5850]

Investment are stepping stones for success. Waiting for the government to provide is a big waste

[@ferdinandprifti9019]

Well said investing is good but investing in the right thing is the actual key to success.

[@myftiuflavio9339]

The right choice of investment has always been a big problem for me because I know that picking up the wrong investment will leave a big scar in the future...

[@gersikola538]

Investing in Bitcoin is another way of ensuring steady cash flow, I've been earning every week for a year now.

[@genciduro6392]

Is about ten months now I started investing with Christine Morgan and it's been a good experience all through....

[@larissaeckardt1391]

It feels good to know that we still have trustworthy people like ma'am Christine Morgan, I'm very delighted I was transformed through her platform God bless her abundantly

[@YG-zx6tv]

You know you suck when even Paypal fires you.

[@ramirez408jl]

Lololol is like blockbuster arguing why Netflix won’t work 😂😂

[@LhasaThailand]

Jose Luis Ramirez Best analogy. Haha

[@milomacdonald4980]

Jose Luis Ramirez ..exactly !

[@johnnyeboy33]

Brilliant comment!!!!!!

[@coolgreens]

except netflix is paypal and blockbuster is crypto.

[@hafizurrahman2249]

😂😂😂😂

[@richm5087]

Gold is used to make your cell phones and many other things .BC is used for no other purpose.

[@jRex918]

Just because something went up , doesnt mean that it's actually worth something. People got tricked into thinking bitcoin was worth something.

[@baronstone3312]

The very company that called Bitcoin a scam is now offering it to it's customers. Well there's money to be made right?

[@dejavu6591]

lol

[@sekou3758]

He’s the FORMER CEO

[@mewing55]

imagine being so wrong and confident about it. rich white men are the best

[@lack76]

The reason bit coin works is the same reason fiat currency works. Please explain to me how burning up a bunch of energy to get a series of bits is better than gold or silver.

[@mewing55]

@@lack76 It’s fundamentally different. Fiat is created by central govt/ banks and it’s value is enforced by law. No one, not even the biggest most powerful government can “print” bitcoin. Its a protocol, similar to how the internet works. anyone can access but you have to follow the protocol correctly in order to see and interact with web pages. Luckily your browser does this for you automatically. Its helpful to think of bitcoin as more than just “bits on a computer” this is the exact same as whats in your bank account at Chase/Wells Fargo right now. Think of it as a novel accounting system that is completely independent, has no bankers, it just has rules. The way this is possible is cryptography and block chain tech. For reasons too long to explain here, this makes it the most secure computer network ever invented. My dad has asked me before “why can’t I come along and make bitcoin v2?” It’s the network effect. Would you use a secondary inferior internet that is less secure? Of course not. No other coin has robust security like bitcoin because of the size of the network. Those computers running the protocol is what the energy is going toward. To corrupt the system you would need to exceed the computing power of 51% of the network. So this is extremely unlikely to happen at this point since it is so decentralized and so many computers are running the protocol. And that is important because we don’t want China or Russia to hold the world financially hostage. Currently, China is planning a release of its “digital Yuan” which it wants to force the rest of the world to use for international trade. Problem is that would be dystopian as hell because they could “turn off” your bank account for bad mouthing the CCP. So if that sounds interesting to you, you can continue to ignore bitcoin. Bitcoin is by definition fundamentally free and not controlled by any government. This is important as we have seen how bad the state is at running economic policy. Countries have the right to devalue it’s own peoples wealth. This is simply not possible with bitcoin. Energy use has never been seen as a bad thing for progress, if the tech is worth it. Whatever device you are using to access youtube uses a ton of energy in production and operation. So the problem lies with people not agreeing with the fundamental value of such a network, and by that metric they would deem ANY energy used by crypto as wasteful. FEW! I hope this was helpful for you. Let me know if you have more questions

[@mewing55]

@@lack76 and in regards to gold and silver, they are certainly stores of value but are terribly costly to transport/ buy/ sell. if you want to send $10million across the globe, you just need 10 minutes with bitcoin and a nominal fee. Gold requires an armored truck, a warship, etc to protect it on the long journey. They both have a place as storage of value/wealth. But unlike bitcoin, golds supply is not capped. we dig up more every day. if the price ever goes too high, we sell our jewelry to make a buck and the price normalizes.

[@lack76]

@@mewing55 Good explaination.

[@andstewart9982]

The Crypto market has been good news lately, many people in it are seeing a great return on.

[@clintonj.johnson9879]

I'm a fan of crypto, I'm really benefitting from my investment in crypto.

[@marcofox4249]

I am actually looking for a good trader to help me with my investment, any ideas?

[@clintonj.johnson9879]

@@marcofox4249 I am trading with Mr Carvalho, he is among the best traders from the UK.

[@clintonj.johnson9879]

@Goodson Thomas Nura Carvalho

[@clintonj.johnson9879]

Whattsap and fb👆👆

[@VoskCoin]

Bitcoin > USD > PayPal

[@tomzhangus]

I'm gonna have to agree with Paypal ceo here... Never saw the value of Bitcoin. The cryptology tech behind it is cool, but... bitcoin owners,... I wouldn't hold on to it man. Sell it now while it's worth something.

[@larslover6559]

I think we all need to sober up and not look for short cuts to riches. Yes some people.will get rich on crypto but "the house always wins" . As Buffet called it some years ago :" rat poison squared" And asked recently what he thought on it now that the price exploded: "More expensive rat poison"

[@MustafaSheikh]

when he was blabbering bitcoin was $9140. by the time i finished watching this video, it is $55,000 worth. Now? who should I trust ?

[@benfrench8827]

Bitcoin is a joke

[@con_el_maestro3544]

A total scam

[@pokerface7061]

USD is a scam

[@Dajlec]

When a PayPal CEO says something is a scam it is exactly what you should buy.

[@totalbullion5882]

Has this guy not heard of Decentralization? Uh...like the biggest point of crypto currency.

[@JonB83]

Buzzzzzzzzzzzzzzz words.

[@richardbrout2242]

Every heard of a an unregulated free for all pyramid scheme? Guess you have never heard of pump and dumps.. yep, keep playing the role of the bigger fool.

[@totalbullion5882]

Richard please post the definition of Pyramid scheme, what does it mean?

[@richardbrout2242]

Sure.. "an operation in which participants pay to join and profit mainly from payments made by subsequent participants"... Bitcoin is not a currency, not a product, has no intrinsic value. In fact, It only get's it's "value" from the "lessor" fool which is the lower rung on a pyramid that sustains the ones above it. Crytpo in it's current state is the Very EPITOME of pyramid scheme.. it's like the perfect textbook example. But it's actually worse then a pyramid, it's also part Ponzi scheme and part illicit scam because it's unregulated, the 1% that owns most the crytpo "whales", can sell to themselves "wash trading" to artificially pump up the stock and likewise dump it to transfer money from suckers.

[@totalbullion5882]

Well, I do see your points, however there are some things to consider on the flip side. 1. It cost pennies to move large amounts of money via Bitcoin to anyplace in the world, banks can't even get close to this. 2. It acts as a world currency across all borders with no need for exchange. 3. It's owned and operated by the public, it's Decentralized. 4. Nobody can access my hardware wallet but myself, period, for any reason, the users have complete control of their funds. The beauty of the "crypto whales" is that they can only continue for so long, as more and more average users start to buy and hold their coins, the supply become less for the whales to buy back, eventually killing that strategy. I only have a small investment because it's fun to use digital money, but time will tell what's going to become of it.

[@RBBSLogisticsLearningCenter]

2013 I bought 10 bitcoins Now I own 13 bitcoins. These educated dummies were all wrong.

[@pinakkoladaa]

How is it going now? 😆

[@Mike2digital]

Lol PayPal is a scam, seen those fees lately?

[@akemdam9824]

Lol

[@snake174]

8% pretty sure

[@BFX4REAL]

SCAM!!! Fraud site everywhere never you trust them, they have put me in pain over 4 months now, All thanks to God for sending Miss Elizabeth who helped me get back all i lost with the help of Lionhat hacker.com

[@ambitioncharisma3622]

Yup and the CEO of Blockbuster said that Netflix would never make it... cool story bro!

[@Turnpost2552]

This is not the samething.

[@okflo]

@@Turnpost2552 its surprisingly similar though. And the message holds quite well.

[@MarkSmithhhh]

@@Turnpost2552 it's EXACTLY the same

[@zaf2643]

No wonder people are making “ money” investing in FTX and LUNA 😏🤡😂

[@MrDddrrrggg]

@@zaf2643 Are you willing to talk about the gains or only the losses? Maybe you'd like to speak about the people who have lost their money to the recent bank collapses? :) Maybe you'd like to add to the conversation how the massive inflation is devaluing people's savings? Govt and banks printing non stop without giving a F... about the consequences? Would you like to explain to everyone that when you deposit your money in the bank it's not actually yours, but the banks? How they can constantly give out loans with your funds and if they go bust, they get bailed out with tax payers money. Would you like to explain to everyone how you can lose your deposits in many banks just by thinking a way they deem offensive?

[@SATXHairstylist]

Paypal has a ton of Bitcoin stored

[@eagle18hls]

The smirk Harris has on his face is priceless. Like he knows something that everyone else doesn't. Time will tell what this guy is.

[@buddyywilsonn]

He thinks he knows

[@mohammedabdulmusawir4480]

Just to add another fact about “defi””yield harvesting”fancy phraseology for a ponzi scheme.they promise 12-15percent interest on lock in periods.what happens when the value of eth drops when people are locked in?this is so as to leave room for big investors to sell of at peaks and the price staying stable.also whats funny is that these interest they provide on yield farming,bernie madoff promised 13% in his ponzi scheme and he was the founder and chairman of nasdaq.

[@orbids]

yea time will tell

[@Greg_Chase]

"Bitcoin is a limited supply of nothing." (credit to John Paulson)

[@nonamed56]

time told it. hopefully you are rich now, Taylor

[@megashira1]

First they fight you....

[@cameronhannan6296]

yebudds one of my favorite quotes

[@benthk3dprt136]

I always lose after they fight me..

[@jelger7904]

2 years later they joined

[@BFX4REAL]

SCAM!!! Fraud site everywhere never you trust them, they have put me in pain over 4 months now, All thanks to God for sending Miss Elizabeth who helped me get back all i lost with the help of Lionhathacker.com

[@relaxingambientsounds7365]

He is essentially right Bitcoin on its face is nothing but an open bank account that the whole world can give value with privacy 🤔

[@Civilian95]

That’s exactly what we do now difference is bitcoin don’t lend ur money or print more of it making it worth less like real banks do….

[@relaxingambientsounds7365]

@@Civilian95 correct 💯

[@nosuchthing8]

But it allows drug dealers to do money laundering easisr

[@FrankZambaras]

Watching this in 2021. Didn’t age well.

[@jlrgamer1]

I thought the same. We will see how this ages in 2030.

[@markroberts6926]

Watching this in 2022 after the Crypto-Crash it aged VERY WELL! MICHAEL SAYLOR TOLD ME Bitcoin is an INFLATION HEDGE!!!!!! Now I'm BROKE!!!!

[@MrDddrrrggg]

@@markroberts6926 You're supposed to buy the dip you numpty. It's still very volatile, but will soon gain more stability. Banks are all going bust whilst everybody is pouring their money into BTC.

[@GG4GB1914]

Gold is a Hedge against Politicians

[@ChildOfAnunnaki]

paypal will loose their profit in fees, dont you think they want bitcoin to go away.

[@JonB83]

Don't think he cares, he doesn't work for Paypal anymore, hence the words "Former CEO"

[@retardedamericans1]

Jon Braun youre just another fool that doesnt understand.

[@BFX4REAL]

SCAM!!! Fraud site everywhere never you trust them, they have put me in pain over 4 months now, All thanks to God for sending Miss Elizabeth who helped me get back all i lost with the help of Lionhat hacker.com

[@samione]

He is just a butthurt dude. And media is trying so hard to stop the freedom of the people.

[@CyberTranceHero69]

He was right considering it all went to the crapper. Brilliant.... Clowns lost all their money....

[@qmulus1]

The crapper? It’s still more than twice the price that’s shown in this video.

[@Muaythaifighter1000]

8 months from now it will be at 3k

[@michaelvernon9459]

@@Muaythaifighter1000 and here we are 8 months later...

[@kennyadvocat]

yup. I lost everything on crypto exchanges. We need more regulation

[@adrianhartanto159]

This is rich coming from a former exec of the biggest scam.... paypal

[@argarcia281]

And now PayPal is beginning to work with Bitcoin. Nice. Real nice.

[@cam89realone]

Because they are also a scam.

[@tsiddig]

Is PayPal is the greatest scam?

[@spiritualconnormurphy7180]

Everything is a "scam"

[@atriggeredsjw8532]

@@spiritualconnormurphy7180 Anything these “educated” folk can’t wrap their brains around is a scam.

[@MalibuGlow]

Actually Paypal is the scam. This video aged well--Not

[@gon7155]

Short PayPal

[@RomesDogs]

fomo

[@sirus312]

This did not age well lol

[@fuzzman9298]

what why ??? Pay pal is amazing company making serious money

[@BFX4REAL]

SCAM!!! Fraud site everywhere never you trust them, they have put me in pain over 4 months now, All thanks to God for sending Miss Elizabeth who helped me get back all i lost with the help of Lionhat hacker.com

[@asanakavlog3282]

Advertisement is getting weirder now a days. A 12 year old kid telling you how to make a profit. After 10 years, Either his going to be the reachest person or his in prison for scamming ppl.

[@heeyoungkim6283]

In Korea, three years ago, bit old people were warned about the dangers. Those who invest without listening should blame themselves.

[@Land-of-reason]

The point is that FIAT CURRENCIES can be expanded by government. As tou see with Joe Biden this dilutes its value thus causing inflation. GOLD and BITCOIN are fixed hence are theoretically robust against Joe's inflation.

[@CharlesGendron894]

Bitcoin is Netflix; PayPal is Blockbuster

[@carlowminis198]

Its 2020 and news are now saying Paypal may soon be offering Bitcoin. So...Mr. CEO, can I offer you some ice with your CoolAid?

[@Maverickun]

First, he was the "former" CEO. Secondly, go get a brain that knows the difference of "Cool Aid" and "KoolAid".

[@ZekeNova]

And now it's available on PayPal. Imagine that.

[@AnthonyShuker]

@@-V-K- ponzi schemes have to have someone at the top. there is no one at the top in bitcoin. idiot

[@AverageJoe3]

Interesting. Why is PayPal now offering the "biggest scam in history" on their platform ?:D Hmm maybe this old fart was wrong?....maybe....

[@MEN101]

Do NOT use paypal! They freeze accounts permanently without giving you any reasons! You will never get your money out of of paypal! Paypal also does not allow users to move crypto currency off its platform into your own private wallet. paypal is the worst company ever when it comes to customer service. You’ve been warned!! Not your keys, not your crypto!

[@princesmg7107]

Crypto should be banned worldwide.

[@seankinsman6944]

Litecoin is going to be the new PayPal

[@Ward8668]

No it won’t be.

[@JoseJimenez-gt2zs]

No

[@CryptoConscious481]

And now paypal will sell bitcoin And PayPal Co-founder peter thiel is invested in RSR reserve rights a crypto currency that will serve well in countries that have high inflation

[@1mmafrka]

Anyone that calls the blockchain technology “cyber technology” has absolutely no idea what he’s taking about.

[@_Aemse]

its technology that exists in cyberspace genius, there I webster'd it for you so now you CAN know what hes talking about.

[@nosuchthing8]

True.its mainly about crypto graphic hashes

[@havfunwithit]

I think PayPal is a scam. I’m not having any luck getting money back from the purchase of a bad product. Their website is hard to use and no number to call for help. They lose my communications and tell me there’s a problem at their end. How convenient for the scammers that cheat the consumer. I don’t see a reason for using PayPal. My bank would have refunded my money no problem. The problem is I used PayPal.

[@travissmarion]

Years later I still think cryptocurrency is a pyramid scheme.

[@Luka23567]

It is. There are paid bots all over the internet promoting people to buy into crypto.

[@locluke979]

Then go buy more in the overvalued stock market and stfu

[@travissmarion]

@@locluke979 Go invest in your Pokemon cards kid. 🤣

[@KingTechHD]

Comparing an autograph to Bitcoin shows his lack of knowledge in this field.

[@hojbjergmurer6811]

Well, it works for Picasso and Einstein. But I don't think that was the point he was trying to make :D

[@jcherrera70]

This should highlight the difference between gold and bitcoin.... whoever owns ALL the gold in the world would have a huge amount of power. On the other hand who owns ALL the Bitcoin in the world would have no power at all. Since Bitcoin is solely means of conducting transactions, people can use any alternate currency. However, gold is so much more than just a means of conducting transactions... it is a metal primarily valued for its beauty. It is also valued for its resistance to rusting as well as its extremely high conductivity. The substitutes for gold is those three areas are not cheap. On the other hand, the substitutes for bitcoin are cheap

[@Delimon007]

Stop spitting facts!

[@ryanlynch290]

Nailed it.

[@James-ip5gz]

@AK. DEO Lol how can you not tell that he's joking?

[@santinosantino3164]

for its beauty?

[@BladeKnight]

The value of Bitcoin is that it is a nationless currency, so it doesn't depend on any government.

[@GhostBanned369]

It's a manipulated currency, you understand that a small group of people own most of the coins and can pump and dump over and over again.

[@Tails_Trades]

@@GhostBanned369 Bitcoin was invented after the 2008 financial crisis, it was the motivating factor for its creation. Many banks & other financial institutions failed across the world, and had to be bailed out by governments at the expense of their 𝙩𝙖𝙭𝙥𝙖𝙮𝙚𝙧𝙨. projects.propublica.org/bailout/list

[@universenerdd]

@@GhostBanned369 the top 10 richest people own 25% of the economy. What is your point

[@elisabethwilson4019]

I think bitcoin should be of the top coins. So far bitcoin has been doing well unlike other crypto currencies.

[@CharLotte-ns6mu]

Bitcoin trading might make you rich if you are hedge fund with deep pockets or unusually skilled currency trader ,but to the average retail trader rather than being an easy road to riches.

[@isaballamia5201]

Some people will be kicking themselves, in few years if they miss the opportunity to invest in crypto now.

[@emmalinda5379]

But bitcoin today.

[@alexmatthew650]

Exactly

[@dbergerac9632]

@@isaballamia5201 It sounds like you bought a lot and need to keep the cash flowing in. Don't be the last one to jump ship, you'll be under water.

[@TheAlbokilla518]

BITCOIN IS NOT A CURRENCY

[@mark27212]

Your signature can be copied. Bitcoin can't. Just another rant from a low-information exec.

[@donaldfortitude6239]

Mark Beckwith he really just said if I promise not to write my signature, he really doesn't understand how blockchain works, smh, I thought at the very least he would do some research

[@paulogouveia5683]

You bitcon lover missed the concept. Bitcon can be forked millions of time. Goverments will just make illegal to transact in bitcon. They will let u keep it. Look at libra that was a basket of real currencies they got shut down. So wake up

[@BFX4REAL]

SCAM!!! Fraud site everywhere never you trust them, they have put me in pain over 4 months now, All thanks to God for sending Miss Elizabeth who helped me get back all i lost with the help of Lionhathacker.com

[@aarone1777]

What's scary is the number of kids who are falling for this💩

[@Luka23567]

It’s an occult. I know people who have quit their jobs and careers investing in cryptocurrency thinking they will make it big. It’s unreal.

[@quoc9913]

This is the reason why he was fired from PayPal because he didn't have vision and understanding of technology's as soon as he was fired PayPal became successful he was the one that's was holding the company back. Basically he couldn't make the correct decisions for PayPal which was called another name back then so the company pushed him out.

[@uneverknow8154]

wow, really?

[@markroberts6926]

The doesn't change that Harris knows that Bitcoin is a scam and tried to lead the company in an ethical direction instead of pursuing greed at whatever cost.

[@dbergerac9632]

And today, Paypal is facing a class action suit due to policy changes.

[@randallkohn6089]

He said vision

[@KaspaBTC]

I am from the future. Paypal now sells and stores bitcoin.

[@r_d_7908]

Agree with everything this guy have said Bitcoin is a bubble

[@secondbittchannel6166]

finally someone in the comments with some common sense.

[@Mortax]

So you where saying?

[@Mortax]

@@secondbittchannel6166 oh really? Well i’m doing pretty good right now actually. Invested in while it was low. You?

[@AndySaenz]

1,100 dummies invested in the Bitcoin scam.

[@mikenard5801]

Its horrible they even let people like this broadcast their opinion. This guy clearly does not understand the technology. He keeps saying money will be fully digital, but he stated we don't need a new currency to do it. The way to make money digital is a blockchain, digitizing the US dollar means nothing, as we already have that today in our bank accounts. Its still subject to all the corporate corruption, issues, and delays. We cant just use a regular currency with blockchain, it will ruin the decentralized, as well as the properties that have benefit. In the case of bitcoin ( and even xrp) the ledger itself and network is the payment system. There was not a new currency added into that system for fun, the currency is the system. Once can not exist without the other. Bitcoin would not have the same properties if USD was the underlying currency on it ( for example because BTC is deflationary and USD is not the whole mining concept wouldn't work). The xrp Ledger would not have the properties it does today if a currency like USD was the UNDERLYING native asset. The xrpL need a deflationary currency for trustlines,reserves, etc. All those things would be meaningless if a inflationary currency was used. The system would be subject to DDOS attacks loosing its speed and secureness. Clearly these big wigs are just skimming the notes, not understanding whats really going on. Not to mention Goldman Sachs is launching crypto trading desks ( going back on their word), and bill gates created moja loop with ripple ( to include the unbanked of the world in the global economy). Warren Buffet has been investing in crypto related companies all along www.cryptochill.com/warren-buffet-invests-in-crypto/

[@ReformedOrderPart2]

The issue I've been having with this "bitcoin" trend is I've been approached online TWICE now by guys that are wanting (me) to open a coin-based "account." Verify it, then they'll change the "details" of it later on in "paying me to do this for them." Now if that doesn't sound like a scam in & of itself then I don't know personally how much more obvious it could be......

[@chingron]

Ya… those people are called scammers. What does that have to do with bitcoin? I have been approached online and in real life a thousand times by people trying to scam me through fiat currency.

[@ReformedOrderPart2]

@@chingron : Bitcoin is literally a digital version of a house of cards, just waiting to tumble. One puts in REAL WEALTH into it, it grows through this digital scheme, then when a desired number is hit, fools at the top cash out & guess what? With YOUR hard earned money, you'll NEVER see materialize because "bitcoin" was never worth anything from the get. Oh & by the way, when the powers that shouldn't be decide to pull the plug on the grids. Everyone will be affected that doesn't have physical currency on them of value.

[@chingron]

@@ReformedOrderPart2 Haha. Dollars are “real” wealth? Paper printed by unstable governments is “real”? Interesting postulate. But, “digital coins” being created by millions of computers connected to the largest decentralized network in the world (which cannot ever be shut down) working together to created a limited supply of these “digital coins” is fake money? Let me say that again… Unlimited paper money created by a centralized government is real? But the worlds largest decentralized network doing work to create a limited supply of digital coins is fake? Ok then… Many people before you have said the same thing. And they have been wrong for 13 years now. They have been wrong because they don’t know what bitcoin actually is. Also, because they have a vested interest in maintaining the current fiat system. Bitcoin kills their scam. And you know the scam I am talking about… the scam where anytime they want to tax half your wealth and steal your money, they just turn on the money printer. Why raise taxes when they can just turn on the money printer instead? Every 5 years, you lose over half your wealth due to inflation. Talk about a scam. Again… the fact that you refer to it over and over as “digital” tells me you know nothing about it. You have zero in-depth knowledge about bitcoin and how it works. If you did, you would understand how truly amazing it actually is. So, while you are holding you dollars and watching your wealth erode, I will keep buying up bitcoin. One thing is certain… something we can both agree on. Bitcoin is either going to zero or a million. And if it is going to a million, then it is going to 10 million. I’m putting my money on it going to 10 million while fiat currencies around the world gradually die due to inflation and money printing. But ya… you keep holding onto those dollars.

[@ReformedOrderPart2]

@@chingron : I seriously just skimmed through that book. If you think this government doesn't have their hands all in that "crypto-currency" scam & such in you thinking it's "decentralized" you're fooling yourself. Toodles....

[@chingron]

@@ReformedOrderPart2 Yes… I am sure the government is secretly buying up as much bitcoin as they can. I’m sure every government around the world is. Especially since it is at rock bottom prices. They are buying it up because they can see the writing on the wall. But luckily, they can never control it. Again, if you had any in-depth knowledge about what bitcoin is and how it works, then you would understand that. Instead, you choose to criticize something you know nothing about.

[@theantil7]

Guy doesn't even know how to pronounce altcoin. BTC's marketcap has reached higher than Bank of America's. Be your own bank.

[@DavidEVogel]

I completed my 2020 income tax return. I was asked "Did you buy or sell Bitcoin?" If the IRS is concerned about bitcoin, so is the US Treasury and the FED.

[@Greg_Chase]

BITCOIN FAN (BFAN): "Bitcoin is just like the fiat currency konwn as the U.S. dollar!" ED: "Can I deposit bitcoin in my credit union or bank?" BFAN: "Just like fiat currency! I say that with 100% confidence!" ED: "Does the FDIC ensure losses up to $250,000?" BFAN: "FDIC, hah!" ED: "Is their a 'lender of last resort' like the Fed who is maintaining a stable value for bitcoin?" BFAN: "Your words mean nothing to me!" ED: "The crypto ICO market was outlawed - overnight - by the SEC in the U.S. not too long ago. Could the SEC and the government outlaw bitcoin?" BFAN: "Shut up!"

[@iamasmurf1122]

It is a capitol gains tax that you pay on crypto currency’s , without fiat currency crypto does not exist ! However they ask you that because you are supposed to declare profits from crypto

[@DavidEVogel]

@@iamasmurf1122 We are seeing experiments today in countries such as El Salvador and Columbia were Bitcoin is the excepted currency. Workers are paid in Bitcoin. Products are purchased with Bitcoin. All bartering is in Bitcoin. There are no coin to fiat transactions.

[@nosuchthing8]

IRS, like the mob, wants their cut

[@davidphillips8674]

Turns out he was right

[@user-dv4rh2my1x]

Comment section is essentially people who buy bitcoin and dont want to hear that they are going to lose their investment smh.

[@vanessaruiz278]

This guys was a CEO 🤦🏽‍♀️

[@nicholasdagnillo]

Aged well

[@TheJosephyousef]

Money decentralization is an option for ppl to choose just like centerlized banks

[@goodmorningfiatnam]

Next up on CNBC: “Spear manufacturer arguing why he’s not worried about gun companies putting him out of business anytime soon.” right after the break 🧐

[@eltonlu8288]

he should apologize

[@CommanderCronus]

I don't know about bitcoin, but I do think blockchain technology has a lot of potential we haven't even discovered yet.

[@amazingspiderfatty7375]

It is a huge waste of energy. One transaction of bitcoin takes an average consumption of 13 US households worth of electricity. That is not efficient and this scam will come crashing down by the next recession.

[@MicEE2998e5]

Gold is one of the most important elements used in our electronic age, and it will become more and more valuable as time passes. Bitcoin is a pyramid scheme. THAT is the difference

[@Sm0oTh92]

😂😂😂😂

[@MicEE2998e5]

@@Sm0oTh92 something funny?

[@Sm0oTh92]

@@MicEE2998e5 ,, Pyramide scheme" and "Most important element in electronic age"

[@MicEE2998e5]

@@Sm0oTh92 oh ok... hahaha

[@angelpineda8938]

🤣🤣🤣🤣🤣🤣🤣🤣

[@nielsjonkman8529]

First they ignore you, then they laugh at you, then they fight you, then you win.

[@zaf2643]

Is LUNA & FTX winning 🤡😆?

[@antonis6459]

2 years ago he said Bitcoin is the biggest scam in history. In 2021 You will be able to buy Bitcoin through paypal. Next time be careful buddy. lol

[@randallkohn6089]

Bite coin $20k

[@TheBibleWins]

An old man who feels the need to go against the inevitable to try be more relevant in a day an age he is losing touch on. interesting watch.

[@futurereflections4097]

He was praying the price went down so he could buy it.

[@kylepankonien6487]

The only Value in paper money is that its been around for so long people believe in it as a way to trade. Bitcoin has the same Value

[@redman3863]

Exactly

[@hodlbeast1889]

he spent A LOT on his teeth though...good job

[@natasspin3015]

It would be a great show to look at him grit his theet about it right now

[@bitcoinman9202]

You can only buy 22 million teeth

[@mewing55]

don’t trust anyone who has no lips and a permanent smile

[@SalahAlSammak]

This did not age well.

[@elchananpalatnik3347]

Well this aged great

[@sirreginalddukeofchutney234]

@G E T R E K T nah

[@wildwestadventures3583]

And then PayPal purchased something like 50 million in bitcoin

[@Damesanglante]

"Former" is the keyword there.

[@MekailTheMachine]

Why do we need a new currency when fiat is already becoming digitized? Because it's centralized, and not secure, and that's just breaking the ice.

[@mewing55]

fiat is corruptible. politicians love to promise welfare as well as cut taxes. they are having their cake and eating it too by creating new money, and stealing from everyone’s personal wealth in the process

[@ZeldagigafanMatthew]

Not secure? What are you talking about? What happens if a bank fails? As long as it was insured you will have something to fall back on. What happens when a crypto exchange fails? You lose EVERYTHING in it. Can you dispute charges? Traditional banking yes, crypto, no.

[@magictricks6138]

Funny how the only people saying bitcoin is a scam/worthless. Are people who’s current business model is directly affected by crypto/bitcoin?! Really strange that, wonder why?

[@muskpool4109]

that's why he's the former CEO and didn't stay more than 2 months.

[@randallkohn6089]

Care to change your statement?

[@somelivesdontmattersldm8776]

Decentralize the banks...PERIOD

[@universenerdd]

it wouldn't be banks then

[@hanspanzer]

so this guy was a high paid CEO at PayPal, while not understanding that equity value is not compareable to the value of a medium of exchange (Bitcoin). It's like saying the Dollar is a scam because it has a higher market cap than all stocks together. what a nonsense.

[@agnetubeagne5449]

hanspanzer 👏

[@rendyazha4315]

Who made bitcoin? Until now we didn't know, Who made 21 Million of Bitcoin? Until now we didn't now something big is hide Blockchain is simple from Computer to Computer, not centralized rich Central Banks, The problem is who made Bitcoin until now does not know who, for what purpose, Anonymous appears on Reddit. At the peak of Bitcoin 2017, the price was up to $ 20,000 when the demand was high, how come it actually went down, should according to the Bitcoin Supply Demand Theory keep going up. The funny thing is Bitcoin is limited to only 21 Million units while others are mining on servers with powerful VGA. That means there is a limit of 21 million and code trillions lines (those in power) until now they don't know who, the office also doesn't exist. Conclusion Bitcoin is a fraud Long term it takes decades, because people feel that they have not felt a loss, Only people are smart and understand technology that Invest in Bitcoin.

[@hanspanzer]

@@rendyazha4315 dafuq? does the internet have an office? check log chart of Bitcoin and you'll see it's rising in cycles.

[@rendyazha4315]

@@hanspanzer So who control the bitcoin? who made limit 21 Million? It's like live country with 19 Million Citizenship, but we did'nt know who the presiden/king people just follow the change rules. something hide it. Absolute scam. wait until 2025

[@rendyazha4315]

and the anonim presiden say "Our citizenship must limited 21 Million" people just say yes but people still didn't know LOL

[@Louie92801]

I thought it was funny how on April Fool day the price bumped up all of a sudden lol. I believe Bitcoin is a scam.

[@bbzz9084]

biggest scam in history. Might as well just participate to say you did.

[@mvk_lim9833]

Hey Bill- how's that Kool-Aid taste?

[@gyromurphy]

I love watching these old "Bitcoin is bad and will fail REEEEEEEEEEEEEE" videos

[@Estado_Alterado]

And now you can buy bitcoin in paypal…

[@larslover6559]

2:57 Dont agree with her that bitcoin can be used easily. Who wants to buy a cup of coffee with bitcoins if you have to calculate tax on how much you bought it for and how much you used to buy the coffee? what a stupid hassle to take. No, Bitcoin is not a currency its a burden, a liability and world is better without it.

[@leguru7014]

This would all be calculated on the register. Just like buying anything else with cash / credit card. Completing a purchase would only entail pulling out your phone, and scanning the QR code. Pretty easy if you ask me.

[@davidp9159]

This is why he is the Former PayPal CEO!

[@nathanleigh3486]

Wish I bought some Bitcoin around the time of this broadcast, Jesus....

[@YouGotOptions2]

Word

[@20twenteee39]

Really? You would've lost your money, dude. 😂😂😂😂😂😂

[@cryptomaniak7104]

@@20twenteee39 the price has doubled atleast and at its highest was 10x higher

[@markroberts6926]

yea...me too. I underestimated the amount of idiots out there. they even ran up coins named after a dog and a coin called "scamcoin" ... lol

[@خادمالجماهير]

Yes it is scam Who get in bitcoin Very Young people playing with small amount of money and they loose The one who win are the big players

[@Luka23567]

At the very top.

[@havfunwithit]

Never had so much trouble trying to get my money back for a broken item. My experience is that the people at PayPal are completely incompetent. Their actually helping the scammers keep your money. I see absolutely no benefit to using PayPal. PayPal the scammers best friend.

[@havfunwithit]

I never did get my money back. The people that answer their phones are as dumb as a bag of hammers. I will never use PayPal again. Their the scammers best friend. Anyone want a broken drone?

[@edselgreaves6503]

PayPal is a giant money-laundering channel. That's how Musk was able to fund Tesla and SpaceX for so many years when they were essentially doing nothing. It's not until government handouts that Tesla actually got to work with mass production. What were they doing in all the years before? Just sitting there shifting money and cooking books thanks to PayPal's massive revenue stream.

[@freedom1028]

That slimy cheezie grin tells me all I need yo know about his kind of reptile.