This was awesome Peter. Loved the format. To make it easier to identify good questions you could take some in advance too. Do it again please!! 👏 👏
@davincij155 жыл бұрын
I was disappointed with the show. I paid for my question and you say it asked what the heck is CLP! It’s Chilean pasos. Anyhow I think Peter is correct bitcoin has no value to you Peter. A lambo has no value to me a rare art painting has no value to me. But bitcoin has value to me because I am sick of credit cards not working. On the show when you missed my question I decided to pay again and I could not. I used 5 different credit cards even the one from the states wanted to protect me from paying you. Do you know, I cant buy plane tickets without without calling the bank every time I can’t make any large or small charges on the internet without showing my underwear is clean first unless I use bitcoin. I spend about 20k on flights for me and my family for vacations there is no fracking way my bank would authorize that. It’s ok I use bitcoin and it’s paid for. No one calls me up and say he WTF are you doing you can’t do that! I am sick of begging banks for a bank account! I am sick of them telling me what I can spend my money on! I am sick of paying high fees for bad customer service! I am sick of slow, 5 or more day wire transfers! Game over banks you have lost and don’t know it yet.
@AlexKleinTips5 жыл бұрын
I was wondering what the heck happened with your question !
@chrisiden15 жыл бұрын
Hey D, yeah i saw that too, in fact he answered wolfepacks question who sent usd 100, and asked what is CLP but did not mention 10,000 (apprx $14.72 usd).... i wouldnt waste my time or money trying to convince him even though i saw you offered a 1 btc reward of who could.... (remember years back, it took us a while to getting use to crypto money...i didnt get in til 40usd and learned it at under 10 when it was used for buying pizza and drugs....
@davincij155 жыл бұрын
@@donjonbovi3840 Just like Peter I am right people are just stupid looking to sell a useless asset to a greater fool. The fact that people see value in it now is not important they are wrong. Unlike bitcoin, if an oppressive government comes to take my wealth I can have it in my head and they will not know I have it. I am in shock and awe that I can go to USSA (United Socialist States of America) with millions of dollars on me and no one knows. If I get held I can pay a high-end lawyer and the government can stop the payment transfer to my lawyer! FUCKING awesome. If my lawyer does not, believe me, I have put an encrypted message that can be validated by anyone if they know my bitcoin address. If he wants to ensure he gets paid the bitcoin blockchain as escrow built-in! Dude I would have to pay through the nose for that normally! You go on with your painting and Lambo.
@Brandenburg0085 жыл бұрын
Great video. I've done my own due diligence for going on 11 years now in my own financial/economic/monetary policy/history. I can honestly say that I agree on about 99% of what Peter says and I've come to this conclusion based on my own study.
@bitfreedom Жыл бұрын
Same
@myles51585 жыл бұрын
Although I dont agree with your approach on cryptocurrencies, the fact that you told us your son didnt like the format, subbed. You speak from what you believe I respect that
@Bittzen5 жыл бұрын
I think he meant format as in how peter is setting up this debate. Its a 3 hour live debate and peter wasnt reading most comments. Thats probably the bad format his son didnt like
@Halmengineer5 жыл бұрын
@@Standinthegap0 we don't lose the "smart ones" to the keynesians. The keynesians are all automatons
@tallswede805 жыл бұрын
@@Standinthegap0 Not an argument.
@unperrier59985 жыл бұрын
next Q&A could be about what will happen during the next crisis especially, the timing, how/when use gold (or cryptos) to buy real estate during the crisis. Basically what are the signs to watch that tell us to buy or sell. thanks
@ryanarchuleta37545 жыл бұрын
You can't use crypto to buy property. Ask a real estate agent if you can transfer your Bitcoin to buy a house. You can't
@ryanarchuleta37545 жыл бұрын
Buying and selling is tricky. From a non professional point of my view, I would sell Bitcoin now. The chances of making it to $20k again are improbably
@tonya4695 жыл бұрын
Bitcoin(& altcoins) is another trap to bait metals investors and others to wipe them out with manipulation waves via whales, usually targeting pumpers(some shills) with large groups of followers. Gold & especially silver price has been manipulated too, but I do believe they will be freed up to a certain level or price the US treasury need them to be in order to back a new currency. But some level of confiscation will be almost guaranteed threat for Americans, so not bad idea to hold a percentage of your wealth position in silver and gold backed tokens called stable coins. Even Jewelry businesses would be placed on a limit of how much they can possess.
@unperrier59985 жыл бұрын
@@ryanarchuleta3754 can't you sell your cryptos then buy estate?
@ryanarchuleta37545 жыл бұрын
@@unperrier5998 yes but that's not technically buying real estate with Bitcoin. That's buying dollars with Bitcoin then buying real estate with dollars
@OmegaTou5 жыл бұрын
As the first cryptocurrency, bitcoin will ALWAYS have a novelty value, which I would project to be between $20-$200 per bitcoin. What sort of speculative value it will have over time is anyones guess, but Peter's point about how bitcoin is just digital fiat, is absolutely correct. It has no inherent value.
@jrbailey8935 Жыл бұрын
Still at 20 k three years later
@OmegaTou Жыл бұрын
@@jrbailey8935 yeah, there are still speculators who haven't given up yet. That doesn't change the fundamental fiat nature of bitcoin. The USD will also fail as a fiat currency, but nobody can guess exactly when the collapse will come.
@blakemcclaren Жыл бұрын
@@OmegaTou its inherit value is automated trust at the cost of electricity. You not understanding the value of automated trust doesnt mean others dont. If you perfer to let central banks counterfeit money and steal from you… you do you, but I prefer BTC (electricity) Over tungsten and paper when storing my wealth.
@chrisdrippe Жыл бұрын
Invest in unique "rock coin" each of the little stones in my drive way are limited and physical!!! I charge you only $5 per rock .. Invest today for this rare opportunity!!!.. Own some unique pieces of history!!!
@cbbbgbbb4975 жыл бұрын
Peter you knocked out Bitcoin 10% since yesterday. If you keep doing this couple more times Bitcoin will go under 1000 :))
@maxwelld58325 жыл бұрын
cbbb gbbb not true. There are TAs that have been saying the bearish target for btc is 8.5k since last week
@Elmgren765 жыл бұрын
Peter, will you put up the audio version of this as a podcast?
@firstnamelastname32805 жыл бұрын
That was fun. I think you should definitely do it again. Like I suspected, nobody gave a compelling argument for BTC
@firstnamelastname32805 жыл бұрын
@NBK Krypto I do think he should set up a phone though and do call ins
@firstnamelastname32805 жыл бұрын
@NBK Krypto he already covered the "peter is old and doesnt understand technology" argument. Crypto might find something that works in the future, it just isnt bitcoin. And even if it does find a good cryptocurrency, government is so good at ruining things. It's all a sham
@thematrix2.06175 жыл бұрын
@NBK Krypto So you babble on attacking someone asking for a compelling argument, and then don't give an compelling argument. Are you brain dead?
@AndresVernazza5 жыл бұрын
LOVE THIS ENTIRE LIVE VIDEO! You are very wise Peter, and I'm very happy that you share your knowledge with us, younger people. THANKS A LOT!
@themanifester18075 жыл бұрын
Andres Vernazza: I felt the same way, exactly! Every time I hear him speak, I feel greatful!
@kume19855 жыл бұрын
Mr Schiff, One suggestion: when you talk with people about cash, gold, cryptocurrencies and so on, just ask them this and I think that you will prove your point: if you would have a time machine and you are able to use it to travel 100 years into the future, what would you take with you: one million dollars in cash one million dollars in Bitcoin one million dollars in gold?
@taiping1945 жыл бұрын
A false proposition. I would take 1/3 cash, 1/3 Bitcoin, 1/3 gold.
@daybuttons75415 жыл бұрын
Spoken like a true hedge fund analyst
@GregMartinArtist5 жыл бұрын
Stephen Taylor sorry, you’d be a fool to take cash and bitcoin. If the American dollar is even still being used in 100 years, it would be devalued tremendously by then. Your bitcoin better be on a paper wallet, but even then, don’t you think there’d be many technological revolutions by then that would one way or another make bitcoin obsolete? Or that there’d be other risks that bitcoin would fail? A lot can happen in 100 years. The only problem with the original question is people aren’t planning for 100 years from now. Schiiff is wrong short term, but right long term.
@ddstar5 жыл бұрын
You are assuming Bitcoin is around that long as well as cash.
@AnotherAnonymousFag5 жыл бұрын
Using a time machine to travel into the future just proves you, sir, are an idiot. All the fun would be had going back in time. Obviously. ;)
@christopherzuidam42464 жыл бұрын
Peter you are a legend. You could create wealth education courses, programs, series for people like me who watch all your stuff over and over, helping with wealth education that we never learned in schools... Thanks for your work
@christopherzuidam42464 жыл бұрын
Pair of socks for ten year as anagram for btc only being a baby in the world was amazing!! vs thousands of years of real money gold.
@rona60635 жыл бұрын
70% gold. 30% bitcoin. That’s all I own.
@globalmission3165 жыл бұрын
GREAT JOB PETER SCHIFF,,,, CONTINUE YOUR WORK ,,,,,
@brictator5 жыл бұрын
1:19:00 people spend tons of time and energy on nothing all the time. BTC helps streamline that process.
@Trivdgun-5 жыл бұрын
Every single mutual fund offered by Europac is lower than its ipo price, save one...it's up 0.28% its starting price. You're up a quarter percent in 9 years. Congrats.
@Lawliet7345 жыл бұрын
@Trivdgun "it's [its] starting price." It's = it is.
@Trivdgun-5 жыл бұрын
@@Lawliet734 Forgive me, you're correct on all accounts. As expected from a world renowned detective.
@jwhite12925 жыл бұрын
You need to change your name to Peter stiff. Over three hours, unreal stamina.
@alexp.28975 жыл бұрын
Thats why we trust him, he is a workaholic and knows his shit from experience.
@peaceandfreedomeconomics89845 жыл бұрын
History was made tonight. Years from now this video will be popular calling out the Bitcoin ponzi scheme before it crashed. Back in the early 2000s people warned of Bernie Madoff too for YEARS before his Ponzi scheme collapsed.
@FreedomLovin5 жыл бұрын
@@peaceandfreedomeconomics8984 do you know what a ponzi scheme is?
@alexp.28975 жыл бұрын
@@FreedomLovin He's not wrong, bitcoin does have all the elements of a ponzy scheme. Buy something digital, invisible asset, pump it to as many people as possible, and hope the price goes up high enough for you to cash out in time. Does that sound familiar?
@jimmyvoyer10525 жыл бұрын
That was painful to hear. In a recent debate with Saifedean Ammous, the author of the Bitcoin Standard, destroyed every single argument against Bitcoin from Peter. He’s been explained extensively the case for Bitcoin and he just don’t get it. It’s almost like he doesn’t want to understand.
@samking41795 жыл бұрын
Peter, I could listen to you forever. Rational and hysterical ... just in your delivery, of course!
@workwithnature5 жыл бұрын
OK am 40min in and Peter knows about gold and economics, but he has not understood crypto's just yet. Go and research it fully. Same goes to those commenting, it is clear they have also not fully grasped what cryptos are or do.
@mooredann695 жыл бұрын
And with your comments, equates to your lack of knowledge on economics.
@workwithnature5 жыл бұрын
@@mooredann69 Am well aware of how economics works. To a point. Clearly I did not go and study it in collage. But I am willing to learn and have been for the past two years. I am just perplexed by what some people understand as value. Would you care to explain value to me. But more so people wanting to talk trash about a subject they clearly do not comprehend either and dare I say is also very obvious by their comments. Nobody says bitcoin will for sure be around tomorrow. But it is extremely likely when you wake up tomorrow it will be. Same for next year.
@mooredann695 жыл бұрын
@@workwithnature the argument of vaule is debated between economist. You might as well went into a bar with a Muslim a Jew and a buddist and asked. What is God? The fact this is undecided and fought over, brings vaule to all the points of each. The markets are our God, the vast knowledge that is driving price discovery is the only thing that matters. The only problem is, government/banks has killed price discovery. This is the only way BTC has gotten to this point.
@workwithnature5 жыл бұрын
@@mooredann69 True trying to define anything in this universe is difficult when it is based on our limited human logic. Certainly trying to take a bitcoin with me when I die probably wont work. But to me value is what someone is willing to pay for an asset, even if governments and their central banks have blown up so many bubbles, that it has distorted the intrinsic value many of these assets would have had under normal circumstances. Things may change soon if all the asset bubbles burst. But for now and I know this sounds obvious, bitcoins value is what it is right now. So to say bitcoin has no value is wrong, because people say it has value. Gold only has the same value to us because it costs a certain amount to mine and people have used it in the past as a store of value. It also as Peter mentions can be used in industry, but so can a lot of other metals that are way cheaper. Bitcoin is a store of value because it was designed to be mined and designed to be deflationary. It is also devisable like gold. It was designed to be hack proof, unless someone has a quantum computer that works lying around the place. Gold and crypto people should work together to take down those who wish to keep us all poor.
@RedShiftedDollar3 жыл бұрын
To test your knowledge of crypto’s, here’s a quick question. True or false, Bitcoin cannot under any circumstances have 25 million coins. Is this statement true or false?
@gblargg5 жыл бұрын
2:37:30 "If someone steals your Libra, you can get it back." Unless someone steals your Libra under the pretense of them getting it back. Bitcoin has none of that nonsense: you are in control of who you send it to, and you bear the full cost of any errors.
@MrSamurai20125 жыл бұрын
Hi Peter, I think everyone should own some gold and also some bitcoins. There are strong arguments un favour of bitcoin being a store of value: it is a highly decentralized Network, the biggest in the world, the biggest hashrate which makes it extremely secure. The funds are safe if you take care. It has some advantages over gold. It is divisible in millons of units called satoshis which allows you to send small amounts cheaper than doing it gold. In fact, it is not possible in gold. I paid a cinema ticket in Brasil using btc. It worked pretty good.
@2ferone865 жыл бұрын
So you spend 3 hours using one digital network to tell us how another more secure digital network has no value? Whats the big deal about bitcoin? Why do you care soo much? I hold both btc and gold. Why is this concept so difficult for you? Not your keys not your btc. Not your gold not your gold. Trust no one. You want a bitcoin challenge? Transfer 1 million across borders using bitcoin then transfer 1 million across borders using 'gold money' and compare the cost to transfer that value.
@THEMichiganBohr55 жыл бұрын
Good challenge
@robertwalker22254 жыл бұрын
If I had a 1933 double eagle gold coin I would except that challenge. The last one sold private sale was over 7 million. So what’s your argument again? Lol
@robertwalker22254 жыл бұрын
I do agree though, if you want bitcoin great if you want salt and pepper great, whatever the individual wants and feels confident and comfortable having then let them do whatever they want. ✌🏻
@lilrewb4646Ай бұрын
No one knows what BTC is gonna be worth in 10 years, 100 years or 1000 years. The blockchain is useful, but another crypto could replace BTC. A gold backed crypto would be ideal. Gold will always be valuable, BTC will always be a speculative token, even if you can transfer it easily.
@iankingston196 Жыл бұрын
Now I see connection Digital ID Bitcoin and FedNow. I have to suspect all Bitcoin transaction will be monitored!
@cryptoworld55145 жыл бұрын
This wasn’t a debate !!! Answering few questions and talking like 3 hours !!!! Sorry Peter you remind me of the time when taxi drivers were complaining about uber and telling everyone that uber never works ...you sounded desperate and just trying so hard to not to lose to bitcoin. I think bitcoin and gold both are a store of value. One for older generation and the other one for new generation. And eventually bitcoin will win this game . 💪
@normanb36735 жыл бұрын
You can tell the intellect of Peters following by the amount of high level questions/comments he recieved. My favorite one was the guy who asked if Satoshi Nakamoto was the new world order, getting our feet wet with a future one world currency. The thought of that gives me chills
@hdsoupp2325 жыл бұрын
You made very good points against Bitcoin, the price is extremely unstable and most people use it to trade or profit from a fiat currency nominal appreciation but it would be interesting that you also make more positive arguments for Bitcoin to show you understand the value it can have. Bitcoin has 2 huge values : -The fact you can digitally hide money just by being careful about how you get your bitcoins and transfer them. For example, you can use a mixer or buy new coins from a miner. -The value in your bitcoins can never be seized nor have third party risk if you save it yourself, not on a digital wallet or an exchange. Yes your bitcoins can lose 90% of their value but this value you have is hidden, yours for ever and can appreciate in value as well. You know funds in most banks or safes can be seized or freezed by a government for or an institution for many reasons : financial, political or just to transfer the value to someone else : your associate, your debtor, your ex-wife. There are huge legal and fiscal risks in Bitcoin but the probability that the worst will materialize within 15 years is far less than 100% so it does not eliminate all the value. We shall fight for the freedom to be able to own bitcoins, not surrender to some that want to outlaw it. Understand that betting on something that has 1% 10% 20% or maybe 50% of losing 95% of its value is not for everyone but in a few sectors, particularly in the tech sector, the data and the experience of many VCs have shown you can do it profitably. Have you ever invest in tech ? Facebook and Amazon may have looked overvalued by traditional investors like you but they have showed they can bring in tens of billions in profit every year and many many others companies have shown that with a lot of capital they can build brands that take huge shares of a market in a matter of a few years. The central banks have been creating a lot of inflation to prop up bubbles and that put a lot of upward pressure of prices but the innovation and creativity of tech companies put a lot of downward pressure of some prices like the price of getting information, some services, hardware, travel or move around a city. The US are not only a huge government and always higher taxes and debt, it's also a lot of creative minds that innovate and find more efficient ways of doing pretty much everything, that counteracts the failures of government, create new wealth that ultimately brings new taxes to the government, help it survive and allows it to grow even more. The US also has a lot of residual wealth accumulated in the past, investing or not in the US is not a choice to be made between the US and a perfect country but between the US and other very imperfect countries, as you know. Last point, the Bitcoin network is well done in terms of security. Cryptography is maths and not just yet an other software, you can judge by yourself of it's robustness by digging into the tech behind it : it's unlikely it will be cracked soon. The Bitcoin foundation had to intervene many times but the network is automatically self correcting : if there are few transactions, the amount of nodes needed is low. If there are many transactions, all things being equal, the incentive to have a node increase so there will be more nodes and the network get more secure. The network can work with only 2 computers connected to it. Think Jerome Powell said it simply but well : Bitcoin is a very speculative store of value. It has value now like you often points out and it is likely it will have at least 10% of its current value in a month, in a year and even in 10 years so it's coherent to get 1% of your net worth in bitcoins as an insurance in case you need to perform a secure and private transaction. For example, how would you easily and securely send money to help a libertarian politician that would have all its financial assets cut off ? Bitcoin !
@hdsoupp2325 жыл бұрын
@NBK Krypto It's good to challenge its beliefs once in a while. Peter says he wants to discuss, let's give him the benefit of the doubt that he is really interested about learning new arguments, he is obviously very smart economically and like minded with the core believers of Bitcoin. He is offering visibility to Bitcoin among its watchers. When Peter Schiff says the price of Bitcoin is very unstable, it's a good argument, the legal risk of requalification as a security and KYC rules for exchanges are real as well. And most people that bought bitcoins last 3 years probably did to make a fiat profit. Maybe a lot of them are out of the market now but it's a difficult asset to price correctly. To convince someone, you have to discuss with him, he understands that and it is why he discuss and open a conversation. Let's do the same. Peter is obviously not very bullish or tech or new business models nor is he on Bitcoin but he listens and is genuine. For example, he defends Libra and see it for what it is : an incredible opportunity for fast and efficient internet currency, it would just be so much better if they would use some gold and some bitcoins in their reserve but they are looking for non speculative currencies and assets that can bring them a revenue.
@frankend15 жыл бұрын
Peter Schiff trying to figure out the chat is hilarious!!!! I'm laughing my ass off... Love Peter Schiff!!
@Walks-With-Pride5 жыл бұрын
It's hard to argue with common sense. Good job, Peter!
@carlton70155 жыл бұрын
What make of socks are they and do they have holes them?
@christophegiraud78055 жыл бұрын
Mr. Schiff, great format and thank you for your help to raise awareness. have a great summer!
@scottblank53353 жыл бұрын
care for tips for good returns of investment?
@detner152 Жыл бұрын
peter you're great...I took your advise and invested in GOLD,SILVER,BITCOIN,REALESTATE...BUT BITCOIN IS MY INSURANCE..METALS IS MY MAJOR HOLDINGS
@acquiresimplicity5 жыл бұрын
Thanks so much Peter ! This is great that you really help educate and enjoy your post and videos
@ihatesignupsgrrrrrrr5 жыл бұрын
@1:18:00 Peter talks about the cost of gold vs. bitcoin the energy it takes... He says how bitcoin costs money to run the network and to mine whereas gold is free once it has been mined. *WRONG!* Transfer $1 million dollars in GOLD to the other side of the planet, will cost lots of money(comparable to the cost of the network). To store a bitcoin, can be done on a piece of paper, the network is only needed to verify and to transfer. Again to further clarify; sending gold bricks across the ocean will costs thousands of dollars in oil while sending millions worth in bitcoin might cost only $1.
@pedroandre805 жыл бұрын
Peter thanks for always sharing your perspective big fan here in Puerto Rico. I will like to see you debating with Andreas Antonopoulos ✌️
@johnathanwetherill4565 жыл бұрын
One thing that comes out of this is that no ones knows exactly what is going to happen . My tip . Buy some Gold and buy some bitcoin .
@frederick34675 жыл бұрын
GOLD = LIBERTY
@brictator5 жыл бұрын
I want to ask you what you think about the conventional wisdom that an emerging market country has to weaken their currency or else tourism and exports will suffer to such an extent to offset the lower cost of domestic production.
@tonya4695 жыл бұрын
"Silver will be gold on steroids" Jim Sinclair
@adriansegura63524 жыл бұрын
Jim Roger's.: Silver is gold crazy cousin .
@plexasm36235 жыл бұрын
Five points destroy every argument you make against BTC: A) All alt-coins dilute eachother's value because they all share the same properties. Bitcoin is the only cryptocurrency with fundamentally unique properties. This is why its value is independent of the creation of alt-coins. If you believe Litecoin dilutes Bitcoin then you also believe tungsten dilutes gold. B) Bitcoin is being used to solve real problems in the real world right now. Today. This second. Its use-cases are not speculative. 1) Paying people who cannot access the banking system / getting paid without access to banking 2) Making censored payments 3) Concealing wealth from authority 4) Avoiding theft i.e. taxation 5) Hedging against government stupidity These are NON-SPECULATIVE use-cases of Bitcoin that are being used today. C) Bitcoin will ALWAYS have liquidity (even if it's just from speculators/traders) - if Bitcoin has Liquidity, it will always have demand due to its unique properties (censorship resistance/unconfiscatability) D) Bitcoin is as anonymous as you want it to be E) Third parties can scale Bitcoin to infinite limits via second-layer technology There's only two ways I can pay my web developer... Figure out a way to ship him a cow Hit the send button on my bitcoin wallet If you had an interest in learning about the fundamentals of the tech that makes Bitcoin possible these things would make sense to you btw 4k live viewers for 3 hours on your key target audience while getting paid to do it... kudos!
@peaceandfreedomeconomics89845 жыл бұрын
Bitcoin is evil and promotes greed, fear, and anxiety. Tell me.youndontnhave a heart attack when the Bitcoin price plunges -8% in a day?? 🤷♂️ Please do some research on Bernie Madoff. Bitcoin is the millennial generations Bernie Madoff !!
@lilybrogan14405 жыл бұрын
Hi Peter, you certainly do require one educator to give you a FULL understanding. His name: ANDREAS ANTONOPOULOS. Then we'll possibly witness a shift in you Mr Schiff! (all due respect) It's a new crypto world.
@bias695 жыл бұрын
He won't shift, because it's a scam, also he repeats same arguments over and over and bitcoin shills never listen, it's like Jordan Peterson debating Slavoj Zizek, each of them talks about something else and you can't make any conclusions. Every bitcoin debate is like that you give them arguments, they keep talking about something else. It's pointless.
@arjunchatterjee93625 жыл бұрын
I might not agree with everything you say, but this is real stuff. This is great for regular people who cannot afford other forms of investing advice.
@scottchristy25425 жыл бұрын
Peter has guts, intelligence, and the gift of gab. Kinda like Lynette Zang at ITE. I hope you two do a podcast together, (if the servers don't implode)lol.
@SoundAssault5 жыл бұрын
Lynette is at ITM Trading
@aquafishsoup5 жыл бұрын
The real value is neither gold or bitcoin. You must eliminate two of your largest expenses in your life, house and car.
@anarchyseeds44065 жыл бұрын
I like cold water too, Pete. One of life's truest treasures. And nice watches.
@iwillnotcomply6556 Жыл бұрын
Thank you Peter. You and George gammon are a godsend
@dudebud0075 жыл бұрын
*this live stream caused bitcoin to drop 1000+ today*
@themanifester18075 жыл бұрын
James dudebud: I bet the “big whales” have been listening to it too. 😂
@mamuelpapito5 жыл бұрын
I don't understand one thing. All the oil being traded in USD hasn't been subject to inflation, what's more surprising it's trended down in 2017-2018 (yes I know about the OPEC dumping). It seems highly strange that companies are willing to accept less and less purchasing power in return for their commodity being sold. Is there any reasonable explanation as to why hasn't oil been getting more and more expensive as it is a commonly used product as gasoline for example by people who are not active in the futures markets?
@VirupakshaSwamyUM5 жыл бұрын
If not for human beings, gold/land/food/minerals, etc,. do not have any value. It is the people who attribute value to things. So all value is subjective. There is no such thing as intrinsic value.
@robbycast5 жыл бұрын
Finally somebody telling the truth!!
@pedroandre805 жыл бұрын
Virupaksha Swamy If is tangible it has intrinsic value, like gold that is use for electronics, cell phones and in computers to mine bitcoin. What can you do with a bitcoin? Only trade it to a bigger fool that is willing to pay it
@pedroandre805 жыл бұрын
James64 Gemy first bitcoin is not a store of value because it has nothing to store, I understand the technology behind bitcoin and I think that blockchain as a technology will succeed but what is the difference between the other Cryptos and Bitcoin NOTHING.
@eriqalenaya59435 жыл бұрын
Pedro Andre a medium of exchange has value. Currency is a tool. Currency without weight, and that doesn't require the ability to physically secure it out of every single user, has value if people use it, and advantages over currencies that weigh a lot, and that can be stolen crossing borders, for example. Value is subjective. In a free market, absent of coercion, each party in a transaction gets more than they give up (or "win/win"), otherwise they wouldn't do it. As long as there is one other person who values Bitcoin out there, it is a useful medium of exchange, You may value gold, or .45 acp, or water filters, or hammers, more than Bitcoin... And those are all great assets,and I suspect barter inventory, too.. However, the moment you need something else more than what you have, you will give it up for what you need.... And if those who have what you need don't value what you have, but only accept Bitcoin, Bitcoin (or whatever medium of exchange) will suddenly have relatively greater value to you. A hammer can be your tool, and barter inventory, at the same time... But if you have 5,000 hammers, the use of them to you isn't really that relevant. Certainly you can use one. You could use two. You might even use a dozen. Then you might even call the next dozen backup in case you lose, destroy, or have stolen, any of the ones you were using.. But at some point, you will never use the next hammer. If you lived 500 years, you probably would never use a 20th hammer. At some point another hammer is just a big, heavy, hard, clunky, bit of currency. I'd rather have savings in hammers than fiat currency, because I can't imagine hammers ever being worthless, and I know that all fiat currency is eventually worth very nearly zero. However, if I have to leave quickly and take my savings, having tonnage to move and secure sure isn't optimal. If I lose my hands, I'd sure wish I invested in boots rather than hand tools. If I needed to cross a border, either of my own property, or nation with official highwaymen looking for their take, I'd sure wish I had digital assets. Gold & Bitcoin are fantastic mediums of exchange. Of course, once at least minimum reqs for guns and ammo are covered, No asset does you any good if you can't keep it. Aren't tools great?
@pedroandre805 жыл бұрын
James64 Gemy did not answer what is the difference between bitcoin a other cryptos because they are all the same bitcoin is not blockchain, don’t confuse oranges with bottles. Block chain is the technology not bitcoin educate yourself
@nickh595910 ай бұрын
Peter you're great and I like your conviction. I think it's just the coming of one age to another. The digital age is here. BTC is the new technology and the next step.
@Avidcomp5 жыл бұрын
Also Peter, use LED lights as they do not generate any forward heat.
@rustycowell72645 жыл бұрын
Anybody notice the IP address wherever you are is tracked with ADs in the video window
@madmullet695 жыл бұрын
Bitcoin decentralized. You have full control and don't have to store it with third party in order to use it as gold money. Gold definately has its place as store of value but personally I would not trust third parties with my gold assetts.
@madmullet695 жыл бұрын
@Tom Sutherland Fair point I guess that's why I don't have all eggs in one basket.
@mkgag6855 жыл бұрын
@Tom Sutherland Eventually they have to sell it
@c_37915 жыл бұрын
Me neither. Only dumbasses let others keep your gold. Keep your Bitcoin and gold in your own possession.
@gblargg5 жыл бұрын
2:09:06 "Someone's saying I caused Bitcoin's price to go down by $200." He should have capitalized on this as a detriment to Bitcoin if his comments can cause such a drop in price.
@jensjuel45165 жыл бұрын
I want to see you in a debate with Andreas
@krupps39365 жыл бұрын
Peter. How do you know it will have value in the future other than transactional faith? 1) It is and always will be the most immutable public ledger for humanity. (If you don't understand please read about proof of work and how blocks are secured) 2) Owning bitcoin means you can store information on this public immutable ledger. This information also includes the time and order compared to all other information stored that other parties can trust without a third party. 3) It is scarce by its emission scheme. No other coin can replicate it's aggregated hashing power that protects it's immutability, and hence is unique. Important you understand this fact and if you don't please look more into how proof of work and the incentive model works. That's all you need to know for your foundational arguments to fall apart.
@billyferguson58815 жыл бұрын
Sir everything sounds good you make a good case but what I would love to see and it would answer any and all questions once and for ALL we should arrange for ANDREAS M ANTONOPOULOS AND CHARLES HOSKINSON Those two gentlemen have been in this vase almost ever since the very beginning!! I myself would be willing to bet anyone anything they wanted to bet anything that people like myself people like yourself would get the answers they are wanting it would definitely definitely clear up any any unanswered questions bottom line
@b00tysmith5 жыл бұрын
This, except a one on and Andreas and Peter
@barakatq5 жыл бұрын
Why waste Andreas's time on Peter!?
@Paran0id_Andr0id5 жыл бұрын
Great vlog, totally agree with above main point about having main players have a debate including Peter on Crypto, tokenized utility, gold . Jimmy Song would be another good guest. There’s a lot of people’s time, world’s real energy and people’s hard earned money being wasted, manipulates and burned. It would also be great to see a common honest KZbinr who researches his material and has great insight into above topic “To The Lifeboats”. Sam posted a video primer making some intelligent points about crypto currencies.
@Paran0id_Andr0id5 жыл бұрын
Maybe Kevin Murcko also CEO of CoinMetro exchange in Estonia who very much regulation compliant with good knowledge in financial sector.
@jimmyvoyer10525 жыл бұрын
Saifedean Ammous, The author of the Bitcoin Standard, mopped the floor with Peter not long ago in a debate. Easy to find on KZbin.
@Bcutter5 жыл бұрын
what the hell is it with the US and the requirement to id yourself with a signed utility bill? that’s so incredibly ancient. almost all countries in europe have electronic ways of identifying yourself. and the professions that are allowed to sign the bills... i never got a goldmoney holding account because i couldn’t find a dentist to sign my electricity bill
@Avidcomp5 жыл бұрын
Peter, I can save you money. Great coffee is available for less than $5. How many cups are you buying a year? 400? 500?
@NickAlekseyevich4 жыл бұрын
Maybe he likes that kind of coffee as a luxury. My coffee is free at work but if i’m out having a meeting with someone a few bucks is not too much for the pleasure
@DanielBeaulieu5 жыл бұрын
Peter, this is a fine format. You could potentially improve it by allowing people to ask questions in advance and let the bitcoin community upvote those questions. You could do this with a polling website or using "like" counts on twitter where the most liked questions are answered. I also think that allowing people to call in would open the door to people saying obscene things on the air... the crypto space is *full* of people who would do that.
@maggiepontecorvo13515 жыл бұрын
I respect Schiff but this was a 3 hour commercial for gold and less a debate about bitcoin.
@tiendoan13335 жыл бұрын
It was never meant to be a debate. Peter Schiff is just expressing his views towards relative to gold. If that count as a commercial then the moment anyone talk about anything, it's a commercial
@johntrolle89355 жыл бұрын
Love Peter Schiff. You could tell he was a stud/jock back in the day. No soy boy.
@islandbee5 жыл бұрын
He's a pussy.
@Mbalta0015 жыл бұрын
The only thing that surprised me was the $8 cup of coffee.
@themanifester18075 жыл бұрын
M B: you haven’t been to Starbucks and such lately?
@Mbalta0015 жыл бұрын
Which cup of coffee is $8 at Starbucks? Maybe there is a regional difference between major city centers and the rest of the world.
@VoidFame4 жыл бұрын
@@themanifester1807 starbucks cappuccino here is maybe 4$. 8$? damn I don't want to live there. Coffee is maybe 2-3$ here
@mnelson19095 жыл бұрын
Peter also thinks bitcoin is based on trust. Bitcoin was designed from the ground up to be a trustless system. The only thing you have to trust in bitcoin is every actor will and does act in their own self-interest. Take some time and read a little deeper into the incentive structure of the network.
@cryptocollies2225 жыл бұрын
You put forward a great argument & many great points...very good. Liked your debate with Erik Voorhees months back. Great show :)
@taiping1945 жыл бұрын
Listened for 30-mins but so many misunderstandings that I gave up. I have a GoldMoney account for many years. Holding fee for Gold is about 0.12% pa plus 1% buy fee (very reasonable charges). But, I have to have trust that GoldMoney is honest, and there are no fees for holding trustless Bitcoin. So I hold cryptos as part of a diversified portfolio -- it's not an either/or scenario. I've made huge profits in Bitcoin since 2013, but barely breaking even over ther same time frame with PM. It's possible the situation could reverse in Gold's favour over the next several years but that's the point of being diversified since nobody knows the future.
@RICARDORR185 жыл бұрын
Listen Andreas Antonopulus first.
@charlestaylor78905 жыл бұрын
Even Mr Antonopoulos is beginning to see crypto is just the next tool from our Masters to enslave us. Listen to his talk on the face book crypto Libra.
@RICARDORR185 жыл бұрын
@@charlestaylor7890 🤦♂️of course.
@peaceandfreedomeconomics89845 жыл бұрын
@@islandbee Yes I'm a retard for not falling for a ponzi scheme. Lol 🤣
@peaceandfreedomeconomics89845 жыл бұрын
@@islandbee I don't fall for Ponzi schemes. So no, I'm not retarded.
@frederick34675 жыл бұрын
@@islandbee mate you sound like your wrong, why is everyone a retard coz they don't like bitcoin,world has gone nuts
@alskywell5 жыл бұрын
The unique things about bitcoin are that there is a fixed amount of it, it cannot be debased or confiscated, and neither state nor banks are required to issue it. Nothing like it has ever before existed in history. What has made it possible is a unique combination of cryptography, technology, and an inventor who has released it into the public domain without becoming a third party to it.
@brandonvonbo97085 жыл бұрын
This format was great Peter, do more in the future!!
@mr.fusion98725 жыл бұрын
"I understand technology" ........ "how to make the scrolling stop .. wheres the scroll bar ? " LMAO
@Nairb9325 жыл бұрын
Superchats start at around 38m45sec
@cryptofthepython89705 жыл бұрын
Why is it that the gold tribe hates Bitcoin while the BTC tribe has respect for gold and in many cases holds some too? Please explain me this one.
@avarielblackwing66135 жыл бұрын
Next time you go Live, bring Spence to help. He can be your Techie, show you in a jiff what a Scroll bar is, teach you how Superchats work, and chase the dog away. :D
@Snubrevolver5 жыл бұрын
This. He's a smart cookie and would be a great help to his dad
@bi0lizard1 Жыл бұрын
3 years later… Peter is vindicated and proven right! Legend.
@ZelenoJabko9 ай бұрын
Is he really?
@luisgarcia6395 жыл бұрын
Blockchain and Cryptocurrency welcomes people of all ages, including really old like Peter 😊
@wackyjackscum4085 жыл бұрын
if Blockchain currency becomes a new type of currency, backed by electricity bill, I believe the value of Crypto will fall off a cliff. Imagine everyone and their grandma owning Crypto currency, energy prices will surge as crypto currency is mined from electricity. Not only that Gold value should rise as Gold is still finite unlike mining Crypto currency.
@ben56095 жыл бұрын
@@wackyjackscum408 Ever heard of proof of stake?...
@wackyjackscum4085 жыл бұрын
@@ben5609 I am talking about foreign Governments that are going into Blockchain to mine electricity for money to circumvent the Dollar. What do you think will happen to Bitcoin once Blockchain technologies are used by Governments as currencies, it will devalue BTC but Gold will not devalue, in fact Gold could be peg to these new currencies and bought by Blockchain currencies hence Gold will rise as Gold will always have value regardless of Blockchain taking over the US dollar in International transactions.
@ovoxochris885 жыл бұрын
About the topic of Bitcoin being the "first of the invention", from a programmer's perspective, the bare-bones and stripped down structure of Bitcoin improves it's resilience to exploits. It has a smaller attack surface than many other cryptocurrencies that offer cute and quirky features like smart contracts and the like.
@stevesmith41665 жыл бұрын
The problem isn’t whether bitcoin is valuable to Peter, the problem is that nobody notices a cup of coffee is described as costing $8 and is brushed over lol. Buy bitcoin or don’t - the merry go round is getting old. For each and every one of us, you will decide if bitcoin has value for you personally. For many it is a way to sidestep a perceived overbearing and over reaching power structure. For others it is pure speculation on rising prices. Others see no value. Who cares? I think over time more people will feel the same way. I hear many traders quote ‘the trend is your friend’ well for me, the deeper trend really isn’t your friend at all. A tip for you Peter - next time you do this format, get organised and have a dummy run. Not knowing how to use the chat is something you really should look into first.
@KineticSymphony5 жыл бұрын
"How much could a banana cost? $10?"
@stevesmith41665 жыл бұрын
Kinetic Symphony $20 with the import tarrif costs
@christianlight85115 жыл бұрын
I really enjoyed this format. Hope to see more like these on different topics in the future. Although I agree with Peter on Bitcoin I think some bitcoiners take our criticism of bitcoin too personally. It's not that we think bitcoiners are stupid.; It's just that we have a different view of bitcoin and its future. The thing that bitcoiners get right is their distrust of central banks and fiat currency. This is the most important thing bitcoiners realize and they are smart to see this. However, as Peter says in the end it is smart to diversify. With precious metals rising because of the looming fed rate cut I think we might see Bitcoin rise in value with precious metals in the short term. If so, I think it would be wise to sell some Bitcoin in a rally and diversify into some precious metals if you haven't already. There's no need to hurl insults and call each other stupid for seeing Bitcoin differently. Regarding central banks and fiat currency we are ultimately all on the same side here.
@marcelinoperez29265 жыл бұрын
You look brown, and a little red, but very healthy. Congratulations. Bitcoin-owners will look green some day.
@marcelinoperez29265 жыл бұрын
Do not like FB , but agree on Libra.
@darbur68764 жыл бұрын
Peter has a lot of good points. The only point he misses is that Bitcoin and any decentralized currency is censorship resistant. To me that is EVERYTHING! Take the control away from the controllers. To me that is good enough.
@pietnaumann14995 жыл бұрын
How would BitCoin behave in a hyperinflation? When the price for sn egg goes from 50 cents to 2 billion dollars? To my understanding BitCoin is deflationary. So how much oxigen can be pumped into a steel bottle, until ut blows up? And how much would be a BitCoin, when the egg costs 2 billion dollars?
@pietnaumann14995 жыл бұрын
@@fraser8973 This is not an answer to my question. How will a deflationatory vehicle (the fiat digital BitCoin), which is tightly bound to an inflationatory counterpart (the fiat paper dollar) behave in a hyperinflationary environment?
@charlestaylor78905 жыл бұрын
@@fraser8973 - I suspect if a similar hyper-inflation occurs on a large scale crypto will be illegal and gold will be confiscated. I would rather break the law for tangible gold vs trackable crypto.
@charlestaylor78905 жыл бұрын
@@fraser8973 - how is that a fact it is easier to confiscate gold? Every byte on the internet is tracked. Do you think you can hide your transactions? I can bury gold in a hole anywhere on earth and it will still be in the same condition when I or my decedent's dig it up.
@pietnaumann14995 жыл бұрын
@@fraser8973 Dream on... And don't look after Venezuela. Look into your own country. Only the student dept there in the US ($1,5 trillion) is actually 4.5 times the total market cap of ALL cryptos combined. And this is just a tiny tiny portion of your country's debt. It will hyperinflate with the dollar. You have to pack the student debt, the car loan debt, the mortgage dept, all kind of debt - onto the BitCoin ledger if you want BitCoin to replace the dollar. And just to show you what this means: $1,5 trillion student debt at actual $1'420 per ounce of gold is 32'858 tons of gold! Thats what just your students owe their lenders. How much Gold is at Fort Knox? If your students do not have the Gold, they can alternatively pay in Silver;-). This would be approx 3 million tons of Silver. You got it? Now do the math with your car loan debt ($1,2 trillion) or the mortgage debt. The whole portion of overall household debt in your country is at $13,5 trillion. Again its 38,5 times the market cap of all cryptos combined, 297'000 tons of Gold, alternatively 27,3 million tons of silver. And then we just counted your country's private debt. Whats about the gouvernment, the economy? Do not look into other countries, to recognise what really will happen with BitCoin...
@MrDingaling0075 жыл бұрын
if your worried about transactions being open, you can use a privacy crypto like Monero. You could bury your gold, better bury it deep! I can dig it up later with a minelab metal detector.
@zakblue5 жыл бұрын
Right out of the gate you made an incorrect statement that 'you can't use bitcoin for anything' which you know is false. Yes, it's limited at the moment where you can spend your bitcoin but there are certainly vendors and services accepting it and that list is growing.
@billg5215 жыл бұрын
The vendors that accept bitcoin convert them to dollars. They don,t want the bitcoin, they want the dollars.
@p52al5 жыл бұрын
A permanent database for the world. Very useful. Cant do that with metals.
@aaronvenema5 жыл бұрын
Crowquills Crowquillz - he’s referring to the immutable ledgers for crypto’s
@unperrier59985 жыл бұрын
Go store the rare Beatles recordings for the future generations using Bitcoins, then. Bitcoin is far from a "database for the world" it's a ledger of transactions of... bitcoin. And a large EMP will destroy all computers and hard disks in the world, putting down all cryptos but gold isn't susceptible to that. If you think it's a stupid argument: well the sun constantly sends us such waves with varying intensity and is bound to release such large electromagnetic wave any time, like the one that destroyed the telegraph network in the early times.
@unperrier59985 жыл бұрын
I own BTC and I mined Zcash just after it was created. I try an use those cryptos and to be honest I don't see an interest apart from making money. Speculation is the only use for those. It's the case for most cryptos, some have a very specific application to count things (a ledger of XXX things), and there's ethereum which as some good potential with the spart contracts, but which isn't used.. so it tells me it's nice but difficult to either use or convince people to use it.
@shahbasharat Жыл бұрын
Peter, you made a very important point about crypto and btc that since it’s a man made entity/technology it will be at some point in time replaced by something better and that something better will be replaced by something else…so on and so forth. Now pay attention to what I am going to say: if you owned JCPenney stocks a decade ago you would be wealthy but if you held them until a couple years ago when JCPenney got bankrupt you would have lost everything. Crypto is also like stocks.You must know when to buy and when to sell. So you got to keep on moving to greener pastures. companies are born and companies die. If you dont keep track of what’s happening with the company you are invested in you can get ripped. That said, today in 2022 people who still hodl btc are fools because it is being slowly killed by Etherium and after 5 years Etherium would have completed its life cycle so investors need to get out of it and buy newer technology. You can say that this is just headache but that is what most of stocks are. In crypto May be the life cycle is shorter than stock companies but ultimately same principles apply.
@benfrankog61115 жыл бұрын
I'd love to see an expert guest like Andreas Antonopoulos so both arguments can get equal representation in the debate.
@robertwadas5 жыл бұрын
bitcoin is the only crypto worth investing in at this point. I bought mine at $3 along with 4 friends and we are all now retired and own are own houses. If it goes down...you Short it...
@brictator5 жыл бұрын
I am given some hope when I see that a couple hundred thousand people on the planet appreciate sober prudent earnest discussion. Then I look at twitter
@alskywell5 жыл бұрын
What distinguishes bitcoin from other crypto's is that no one owns it. That's due to a very unique creation dynamic whereby the person who invented it, has remained anonymous and put it out there without any expectation of recompense. In order for another crypto to emerge that's similar to bitcoin, this process would have to be repeated, but by then bitcoin would be so much more established.
@J_Bravo5 жыл бұрын
20:20 *When grampa trys to use the Internet for the 1st time* 😬
@islandbee5 жыл бұрын
This is coming from the "I know more about the Bitcoin technology than the holders of Bitcoin" geezer.
@J_Bravo5 жыл бұрын
@@islandbee I give gold a 8/10 I give bitcoin a 9/10
@islandbee5 жыл бұрын
@@J_Bravo - I give this live YT feed a 3/10. Deductions for not delivering the entire purpose of it. And gave 3 for the amount hours spent rambling on to hear himself say the same arguments he's been saying. While, not addressing peoples' valid arguments/comments about Bitcoin. I don't give a shit about his polo shirt or tan.
@J_Bravo5 жыл бұрын
@@islandbee hahaha I was looking forward to it too....:/
@workwithnature5 жыл бұрын
Gold or the top best 10 crypto's including good future decentralized crypto's - not yet invented are two different things all together that do not compete with each other, but both rather compete with the dollar, yen euro etc. We are in this together people as these are deflationary assets not inflationary. There will be enough for everyone to go around if you got in before now. Period. Stop squabbling and support each other, when you hear them trying to devalue either gold or crypto and fight back by making comments on videos designed to mislead the public.
@SmashBrosBrawl5 жыл бұрын
Whatever you think of Peter, he's not worried at all at debating anyone. Even online Bitcoin bugs.
@tsim47035 жыл бұрын
@Crowquills Crowquillz lol he doesnt accept bitcoin
@marianodidio31705 жыл бұрын
Did you learn from your mistakes after the 80s gold crash? It took 30 years reach that price and now it's down again, why would it be different know? Just say you don't know what is going on with Bitcoin, I don't know either, just enjoying the ride for the last couple of years.
@DynamicGracer5 жыл бұрын
Love the 2:00:00 analogy of the bully
@CryptoWales007 Жыл бұрын
So the Btc price did hit $60,000+ and now dropped back to $20,000…. So what’s your thoughts now…. Are we going back to Zero or $100,000+ next…??
@grahamdougherty2265 жыл бұрын
Peter, I'm for Gold and Bitcoin. They are completely different assets and both are very attractive.
@Meshcraft5 жыл бұрын
The idea of tying money down to Gold or anything limited prevents society from being as great as it could be. I don't know how to word it really, but since we as a human race can do anything, why couldn't we have a society with a base income that is a livable wage for all and then build wealth on top of that. Why create a society that creates poverty and thus crime? Sure you can't control everyone's spending habits, but you can vastly reduce the incident of homeless, helplessly sick and so on. Thus reducing crime. I guess the only downside is that populations may grow faster overcrowding destroys us. I don't know. The topic would make for a good conversation.
@AussieZeKieL5 жыл бұрын
@@Meshcraft People want the currency to be stable though. no inflation, no currency conversion/manipulation. If country currencies are backed by gold, then every currency has a value based on how much gold they have in their "federal bank". You can do the same based on a cryptocurrency.
@Meshcraft5 жыл бұрын
@@AussieZeKieL True and even bitcoin should stabilize if it doesn't collapse. Either way I have a hard time imagining the use of the word Satoshi or bitcoin being used to describe our daily currency at some point. Maybe I'm just use to the word Dollar. Either way I'm making money trading Crypto in the meantime. I have made money every time I did a daily trade. And I have a small bit left in on another account.
@grahamdougherty2265 жыл бұрын
@@Meshcraft What you just said is factually incorrect and altruistic in nature. Healthy currencies are always backed by a commodity so they limit the spending and give a point of reference. Without a point of reference you end up with a currency like the dolllar that's near it's death because of big spending well intentioned people like yourself.
@Meshcraft5 жыл бұрын
@@grahamdougherty226 I disagree especially on the basis of such economies working so well in other avenues. There's no reason you couldn't have an economy where everyone is at least doing well. You can even have dual economies. In fact various ideas I have proposed work extremely well in video games. Ok so they are just video games, but it's still a valid simulation of sorts. IE: I think college should be affordable and work similar to training in the game Eve online. Assuming they haven't changed it since I last played years ago. There it's based off certifications and a set of certifications is a degree. There's a lot of points I can make, but no one will read it.
@jjdoxed5 жыл бұрын
Bitcoin has value, 100 billion or whatever it is today. That insures the longevity of the database. With Bitcoin you can write stuff on that database, your name or whatever you want to say, not just transactions You can expect it to be there forever. Part of the intrinsic value is 100 billion dollars worth of permanent record.
@SceneOfAction5 жыл бұрын
Every time he finished a fiery statement, I expected to hear: Dun Dun - Dun Dun Dun - Dun Dun Dun Dun Dun Dun Dun....... (podcast outro music get it?)
@alskywell5 жыл бұрын
"Money" is simply a unit of account measuring value. It only exists in the abstract like an inch or an hour. Money doesn't have to have intrinsic value. The things that it purchases are the intrinsic value. An example from the past would be the tally stick which was used in England during the middle ages as money. Think of bitcoin as an incorruptible, digital version of the tally stick.
@Lawliet7345 жыл бұрын
If Amazon creates a cryptocurrency, backed by non-outstanding AMZN stock and can be used for transactions on Amazon, it will usurp all other cryptocurrencies, even Bitcoin.