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How is bitcoin going to replace gold jewelry, you gonna wear invisible imaginary tokens? You gonna give your wife an invisible imaginary wedding ring without her slapping you in the face? lol
The same way silver has industrial utility, gold does as well. Don't get me wrong, I have a stake in Bitcoin, but bashing gold to promote Bitcoin is ridiculous
dee pack "when governments and larger banks start there own digital money bitcoin will go in to sewer." Have you just come out of a coma? The US government already has their own digital "money" and it's called the US Dollar. Is it too much effort to take just a few minutes to understand the value of the "decentralized" nature of crypto currency? Banks can come out with their own "crypto currency" but it will not be decentralized thus it will not compete with decentralized crypto currencies.
@@opnion2294 Venezuala has alredy started their cryptocurrency, it's called the Petrol but because it's run by a corrupt government it will probably not do very we in my opinion. There will always be a market for Bitcoin and other cryptocurrencies. Don't be so afraid of it.
@@opnion2294 Most people distrust gov't and big banks for the mess we're in now. Why should we trust them with a centralized "crypto knockoff" currency later?
@@andrewgutierrez88 arrogant pup.... I bet people in present day Venezuela and Nazi Germany would slap you in the face during their crises for your blind lack of understanding and arrogance wrt the real world.
14:20 “Wealth shift” you have caused by not thinking too much when decided to bet against people investing in other projects than your favorite one. It all comes around sir.
Im looking for some sort of blockchain backed automated conversion. A service that holds gold in a new blockchain crypto..its held in an insured vault (fees deducted from the cypto). When you need to sell it..they do the conversion to btc.
@@mattjames4978 he's been offloading all of his gold for the past ten years to buy Bitcoin. He hopes to be the world's first trillionaire before everybody catches on.
as a bitcoin and greyscale investor, i hate greyscale premiums. If you have the option, selling off greyscale shares for bitcoin will leave you with more bitcoin for the same price. Obviously most of us don't have this immediate option, and some of us are scared to manage our own bitcoin when we hear about exchange hacks but it's easy. Buy a cold storage wallet like a ledger nano x and stack those sats
The generational aspect is the key to the future of Cryptocurrency and Blockchain...if the current established system ignore the technological advancement and adoption by the maturing generations they are ignoring their evolving heirs.
Fascinating interview and insight into embryos which could indeed give birth to the next internet sensation. But also an opportunity to financially speculate on their eventualities succeeding. Paradigm shift? I think it is already happening for millions across the globe. It proves to be a helluva ride.
Alpha Fox if an investor who holds gold swapped a percentage of their prior holdings into Bitcoin, because of Bitcoin’s low correlation and superior absolute performance, they could have decreased the volatility of the portfolio while simultaneously increasing absolute returns. Only a fool would ignore Bitcoin, it’s not going away anytime soon.
@@mtpatton1846 dude.... everything is manipulated. I'm sure BTC too. The false fact suggesting cryptos are bullet proof is nonsense. cointelegraph.com/news/round-up-of-crypto-exchanges-hack-so-far-in-2019-how-can-it-be-stopped The reality is cryptos challenge state financial sovereignty. As history shows, in extreme times governments can pull the plug on ANY asset. This has been seen in Germany, China, and the USA.
no name you linked to an article about exchange hacks. An exchange being hacked is like a bank being robbed. Don’t keep your BTC in an exchange wallet, problem solved.
Ive loved crypto for many years but thinking that it's going to displace a 5000 year old asset is insane. You won't see Bitcoin jewellery etc People want physical assets . Always will
Rob F Remember when people said they would never ever stop going to Blockbuster because they had to touch the physical dvd. Now our video and music is mainly digital. So saying people will always want physical assets is quite a statement.
It's not going to displace Gold. What we are really talking about which asset has the most upside. If Gold market tanked to10% of it's current value, then the world carries on regardless. If Bitcoin rallies 10x then the world carries on regardless. The arguments you make for Gold are valid, but we are talking about the future value proposition here.
@@fraser8973 The point is, Bitcoin functions just as well at $1 as it does at $20k. Some would argue it has already displaced gold, but still it is a lot less valuable. Litecoin and Monero can be traded using mobile phone, plus thousands of other crypto which all dilute the value of one. How many more Bitcoin clones will there be? Bitcoin supply could be diluted infinitely just by copying and pasting source code.
@@Michael-qy1jz Hard to exit? You can click sell at any time and send it all home. Meanwhile good luck cashing out your pile of Kruggerands at the local coin shop who works on cash basis lol. Simply archaic way of thinking.
@@mothermary3796 click sell on what format/platform that isnt tracking you like a prison inmate?? I put an ounce for sale and convert to cash in my hand and it's done.
@@Michael-qy1jz "An ounce" exactly. Gold is only good if you are pawning family jewels and that is the entirety of your familys wealth. Good luck moving a few million out of a country or selling at a local shop without getting screwed. Meanwhile I could put infinite amount of bitcoin on a brain wallet.
Herb Levin Of course it belongs in the same sentence. Finally we have possibilities freely invest in digital projects all over the globe, by buying coins and tokens you are supporting developers and whole ecosystem.
Bitcoin is a digital currency and transactions are made easy with bitcoin, bitcoin will be more valued over time. On the other hand, gold is a stable investment with some guaranteed return.
Did he literally spend 10+ minutes shilling a random Ethereum based game? I don't care if it's even a good game, this guy problably has super heavy bags he wants to unload.
here because of the repost on Digital Asset News... and this is STILL very relevant. Espeically now a couple of days before the halving and the current state of the world.
The only problem with investing in gold in a global economy that uses internet and technology is it’s not easy to transfer. So another consideration if fiat money collapses might be blockchain technology backed by a gold standard. Could that be possible? Some say there is not enough gold in the world, but gold can be fractioned just like bitcoin. It will be interesting to see how the next major inevitable recession will play out. I’m torn on what to invest in being a late bloomer to bitcoin and the price is currently 13k. I personally believe the dollar will soon collapse, so I have already decided to cash out my 401 and invest in either Bitcoin, Gold. Or both. I also have a personal portfolio that is in the positive up 14k in tech companies. I’m thinking of selling those as well and going all in with Bitcoin, Gold or both. It’s a tough decision because this is all speculation on our economy collapsing..,Any thoughts?
Michael Murray get a business going with not to big outlay something you enjoy doing and creating something build on and get added value on top profit will start coming in the economy stuffs up your little business can see you through personally I got my self a small truck started doing rubbish removals and recycling metals I like working out doors and most rubbish people throw out and paying me to take it away I make more money by selling items on the internet and there will always be rubbish in this consumer world like food and haircuts and you could still have your gold and bit coins at the same time and minimise your waste! Good luck brother I am sure you were expecting some info about improving your speculation on coins lol 😂 but all speculations are a dream sometimes it comes true like winning the lottery unless we physically get involved it will not happen!
Wow. Useage (per unit) is down 30% (more efficient) but electronics items (units) are up hundreds of % (multiples by volume). This is read as usage is lower?
Excellent point. Too much confrontation and spin between the two camps. One should take aim at the right target. There are two sides to the same coin!!
How many times have people predicted the death of gold over the past 5000+ years that it has been the only dominant form of real money on the planet. I guess people think it will be different this time but but look what you get if you knock the L out of gold.
It is a utility challenge for me. Minuscule applications to purchase real estate, boats, autos, food etc. To store the value you must be able to unlock value for a good or service when needed. Fee business or people will accept Bitcoin.
The fault is that Barry's Bitcoin Cash share mortgage expires soon. In order to make the Bitcoin shares rise as soon as possible, he actually did such a thing. I am from another country.
The bitcoin halving wasn't discussed much at all in previous bull runs. But it is definitely priced in for next halving. Everyone now is in the same echo chamber talking about it endlessly.
your subtitles lag by several frames, for all your videos. You're doing something wrong. That is, the subtitles at 30:00 don't appear until about 30:12 (3 subtitle frames behind). At 5:00 they appear at 5:06 (1 frame behind). The full transcript being available is awesome but your best use case is presently worse than youtube's auto-generated captions.
Totally agree that Gold needs the world to fall apart to be 10x but Bitcoin could 10x without the world falling apart - - and still be smaller than Gold.
@@dutchy5752 Gold does not have a limited supply. It is constantly being mined out of the earth. Do you know how much Gold there is out there? Can you verify how much gold there is in the world? Gold has terrible spreads between buy and sell price. Gold has a large cost to carry in form of security. Bitcoin is, as real as Gold. It may be more real in some ways since it can be used to trade online. You cannot buy anything with Gold. Try buying your shopping with Gold coins. Not possible. I am not even bearish on Gold. My point is that Gold market requires the economy to fall apart to make gains, whereas Bitcoin can still 10x and still be smaller than Gold market.
@@terrorbear7 Gold market is mature and unlikely to rise in price any more than inflation, over time. Bitcoin, is still in it's infancy and price has yet to be discovered.
Pineapples were once scarce in Europe.. food for the royalties... Until massive supply of it came from the new world. And just like that, it's not so special anymore.
BTC once was scarce..until BTC gold BTC private..btc unliminted...ect ect ect....then they all turned out to be scams..which made even made the comedy even worse.
@A Dude I understand that. Yet with every fork of making of a new Crypto. Another programmer isn't working on making BTC better. Another computer isn't making the network stronger. Who cares how many BTC there are out there, if there are a Billion BTC clones? Only thing that makes BTC worth what it is today, is the programming and networking(mining). Delusion of this makes BTC weaker. Let alone, BTC is not money, can't be with its current iteration and the amount of scale it needs. So you telling me i dont know money or crypto is comical. Go take a hit off your vape pen.
D Moore bitcoin is the most secure network, most uses and is decentralised. No other fork or altcoin can say that. By what you are saying, is that if I created 10 facebooks apps the exact same as Facebook and changed the name, they should all be worth the same as facebook ? Of course not, because no one uses them. It’s a stupid argument!
I'm for both Bitcoin and Gold, but I gotta say that was a great commercial. Gold has no utility though? There's literally gold in the computers that mine the Bitcoin.
At the point of this interview, any mention of XRP was forbidden. XRP is not meant for individuals, it's meant for banks. That's the reason Ripple never made a personal user wallet of any kind. That's also why it has no inflation rate and the reason why Ripple is holding the majority of coins in escrow. They're destine for banks. The price is being suppressed to discourage any ownership of the token. XRP has been one of the worst performing coins, to the point where it's abysmal or unbelievable which it's not. The banks want it all. Most holders will dump it on any reasonable move up and the banks will eventually own it all.
Gold has had it's day? What if a hacker gets into bitcoin? I know hacker are attacking bitcoin every day and failed so far, but one day it could and then what?
People seem to get this the wrong way. Gold and Crypto are not mutually exclusive. Common people do not see money and wealth the same way as rich people, corporate and financial institutions. While it may be true common people may be swayed towards crypto in the coming years, if facing a true collapse of the fiat currencies, traditional money will STILL lean towards their usual hedges. Gold has always been, and will always be, important in that portfolio. In an apocalyptic scenario both assets would benefit in their own ways. It's wasted time debating one over the other.
@@terrorbear7 I guess I said it wrong. I mean Fiat and Phisical gold. Fiat is here to stay as part of this Prison Planet where people owe dues (inflation and taxes). But I`m not saying Bitcoin could not reach 10 Million $ or so....
. Its very interesting to listen to crypto lovers , but i don't understand how the ones now won't go the way of the gramophone or VHS recorder . .As a member of peasant class all the people in their 20's I know are only in it for the government currency .
7:23 I understand from a marketing perspective how BTC could "replace" gold but isn't it like comparing a horse drawn carriage to the first automobile?
As a gold bug, it looks like once again another Bitcoin pumper has failed to deliver on his predictions, and gold once again is rising while bitcoin is falling.
In all these BItcoin discussions, I have yet to see anyone mention Article 8 of the Constitution: The Congress shall have Power: 5: To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; 6: To provide for the Punishment of counterfeiting the Securities and current Coin of the United States; So it appears that Congress can regulate the value of Bitcoin (a foreign coin) to zero whenever they see fit. Thanks, I'll stick with gold.
There is no other Bitcoin broker in the world that performs at the 99.4% level of accuracy that Reed Peeters is able to hit. That’s why people from around the world trust him to double, triple and quadruple their hard-earned money.
The best part of this is that you will never miss a trading opportunity, plus you do not need to sit in front of your computer for hours, watching for a trading option.
Gold is already using the blockchain ledger and can be sent instantly with verification. The bitcoin itself is worth nothing - the blockchain is the utility
Hedera Hashgraph won't fork. Those who are jealous don't like that... but everyone with an asset listed on the network might appreciate that they know there can only be one official instance.
@Nur Azhar It doesn't sound like you understood my point. If someone registered a house on a blockchain network and that network forks, which fork is the true house registration? If you have a dapp on a network and it forks, on which fork does the dapp communicate?
I didn't hear any adoption plan in there for Decentraland....all it would take was another company to create a far more popular place to hang out and all those land plots people bought are worthless. In the world of VR, if you are betting Decentraland (horrible name too) will be the next Facebook, I think that's really long odds. The internet has seen so many social networks that failed and only a very few that succeeded. Decentraland is more likely to be Friendster than Facebook.
Then please tell me why is that central banks and country's buying gold and putting it in a vault for safety and not Bitcoin. So I guess that they well sell all there gold and buy Bitcoin not going to happen.
Barry apparently does not know the difference between money (store of value) and currency (medium of exchange). Bitcoin may prove to be an efficient medium of exchange but only time will tell. As a a currency it may be profitable at times to employ it for currency speculation or for arbitrage. However, it has no intrinsic value and never will. Ultimately, it will succeed long term only if it is backed by gold, just as the dollar's success was the result of gold backing, and the dollar's demise is assured because it is no backed only by empty promises.
u dont understand how bitcoin works. the whole world without electricity all at once??? because thats what it would take and at that point money would be the least of our concern
good to see bitcoin getting the next level recognition it deserves, as team George recently said "its a once in a species opportunity" and i keep making my earnings with them despite the fluctuations.
@@siegelmc9061 this guys are expert traders in btc mining and crypto, due to my experience in tradings i so much believed in them and ever since i started trading with them have been making cool profits from them.
@@siegelmc9061bitcoin is the future and watch it grow it's value, i think team George are expert traders and are dominating the trading zones, their strategies are best profitable and recommended i just received 1 btc from them last week.
Yea Its even Biblical: Ezek.7:19 “‘They will throw their silver into the streets, and their gold will become abhorrent to them. Neither their silver nor their gold will be able to save them in the day of God's fury.+
20:00 wow he's basically saying that Millenials have no chance at making wealth in any of the traditional categories so all they can go is gamble on crypto? That's true, but we should stop and listen to what we're saying. That's not a good position at all and that sort of desperation could further cement the inability to grow wealth if bitcoin flops. I mean, every portfolio needs diversification...I hope my peers in my generation don't all get screwed by crypto cause then theyll have nothing left. Unfortunately the speaker is probably right that kids will inherit gold and buy crypto with it. Sounds like a trap to get gold off Main st to me
To play devils advocate there. I mean I am a fan of Bitcoin, but also stocks. Do you seriously think that when older generation dies, that there will be no stock market? Just crypto? Mate they serve entirely different functions. Bitcoin, as with Gold, is basically useless to the economy, which is why it's value is 100% speculative. What I mean is that they make no money by themselves, and do not create anything. They just sit there. The price of stocks is carefully valued compared with many metrics related to how well the company can make profits and how much it contributes value to society. Imagine a world where we all just owned Bitcoin? Pretty dystopian I would say.
Putting virtual ingame items on a blockchain is the most stupid thing ive heard along with investing in 'mana' I'm a millenial, i'm a gamer. Why use this terribly inefficient database for all kind of completely illogical applications. Does my toilet paper need to be decentralized to? We cant trust any company to be in control of this stuff as soon as there are a few cents on the line? you know a company that will survive or die by it's reputation and will do whatever to uphold it?
Award for most ignorant comment Ive seen all day. You obviously arent a gamer or a millenial or you would understand the value of in game currency that is loose and outside the hands of developers, plus the potential for TRUE living mmorpgs. Read a couple articles on how a blockchain works before getting so offended out of pure ignorance.
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How is bitcoin going to replace gold jewelry, you gonna wear invisible imaginary tokens?
You gonna give your wife an invisible imaginary wedding ring without her slapping you in the face? lol
The rap industry is single handedly keeping the gold industry alive.
@@whoyatoya lol
gold just dropped major this month
@@skippssruelas4751 I WONT CONSIDER IT MAJOR when a little over a month ago it was 100 less.. it just settled
racist
hoastbeef gjyhk
I am bullish on Bitcoin, but that advert was quite trashy. No need to disparage Gold. In fact, probably your best allie.
Fascinating listening to Barry and Raoul, clever, articulate people. I learned a lot from this interview thanks
The same way silver has industrial utility, gold does as well. Don't get me wrong, I have a stake in Bitcoin, but bashing gold to promote Bitcoin is ridiculous
when governments and larger banks start there own digital money bitcoin will go in to sewer.
dee pack "when governments and larger banks start there own digital money bitcoin will go in to sewer."
Have you just come out of a coma? The US government already has their own digital "money" and it's called the US Dollar. Is it too much effort to take just a few minutes to understand the value of the "decentralized" nature of crypto currency? Banks can come out with their own "crypto currency" but it will not be decentralized thus it will not compete with decentralized crypto currencies.
@@opnion2294 Venezuala has alredy started their cryptocurrency, it's called the Petrol but because it's run by a corrupt government it will probably not do very we in my opinion. There will always be a market for Bitcoin and other cryptocurrencies. Don't be so afraid of it.
@@opnion2294 Most people distrust gov't and big banks for the mess we're in now. Why should we trust them with a centralized "crypto knockoff" currency later?
@@opnion2294 You sound a bit thick
Why not Gold+BTC, then #dropfiat?
gold is shit compared to PROGRAMBLE FINITE MONEY
@@andrewgutierrez88 arrogant pup.... I bet people in present day Venezuela and Nazi Germany would slap you in the face during their crises for your blind lack of understanding and arrogance wrt the real world.
yes
@@nameless_no_name wrong
@@cxMLG
History proves me correct
14:20 “Wealth shift” you have caused by not thinking too much when decided to bet against people investing in other projects than your favorite one. It all comes around sir.
Yeah after 5000 years "Its different this time" We are so advanced that gold will be useless its different this time. NOT!
Something in between 2 extremes is my guess. That's why I have invested a little in both.
triggered
Im looking for some sort of blockchain backed automated conversion. A service that holds gold in a new blockchain crypto..its held in an insured vault (fees deducted from the cypto). When you need to sell it..they do the conversion to btc.
@@bensavage6389 why?
@@terrorbear7 no fiat intermediate. Stability of gold, liquidity of crypto
Raoul nailed it. This generation may or may not even be bullish on crypto per se, but it is all they can get afford to get involved in.
You can buy a gram of gold for sixty bucks. You can put a mining fund in your 401k for $2000.
@@fazdoll Why would you want to? The more gold that is mined the more the market is diluted.
When he was talking about gold bugs he meant Peter Schiff
Schiff holds a lot of Bitcoin, so says his friends
@@mattjames4978 he's been offloading all of his gold for the past ten years to buy Bitcoin. He hopes to be the world's first trillionaire before everybody catches on.
Not sure how many viewers know how good Barry is and how well he knows crypto
Decentraland for the win $MANA
as a bitcoin and greyscale investor, i hate greyscale premiums. If you have the option, selling off greyscale shares for bitcoin will leave you with more bitcoin for the same price. Obviously most of us don't have this immediate option, and some of us are scared to manage our own bitcoin when we hear about exchange hacks but it's easy. Buy a cold storage wallet like a ledger nano x and stack those sats
In the planning right now. Australia is backward and slow though
Once they get us cashless WE WILL BE SCREWED GUARANTEED
Most certainly, but the internet will always be free and private right, so nothing to worry about with the great blockchain.
You don’t understand bitcoin obv
@@Brian-vk1hm It can be regulated to death.
Yes their choice is to join the crypto world or turn off the Internet. Which would hurt them most?
They can make it a criminal tax evasion to use crypto and then the value goes to zero
The generational aspect is the key to the future of Cryptocurrency and Blockchain...if the current established system ignore the technological advancement and adoption by the maturing generations they are ignoring their evolving heirs.
Fascinating interview and insight into embryos which could indeed give birth to the next internet sensation. But also an opportunity to financially speculate on their eventualities succeeding. Paradigm shift? I think it is already happening for millions across the globe. It proves to be a helluva ride.
The problem with any other currency other than BTC is centralization. One master Node, one team of developers, conflict of interest.
David a camel is horse designed by a committee. Good luck.
DigiByte
Famous last words (fill in the blank) "______________ will replace gold." I will keep my gold, thank you.
lol bitcoin is better at being gold than gold itself is
its more fungible, durable, portable, divisible.
Alpha Fox if an investor who holds gold swapped a percentage of their prior holdings into Bitcoin, because of Bitcoin’s low correlation and superior absolute performance, they could have decreased the volatility of the portfolio while simultaneously increasing absolute returns. Only a fool would ignore Bitcoin, it’s not going away anytime soon.
Enough fiat gov fairy dust money has been printed to see both gold and BTC moon!
Agreed.
Why We Need Both Gold & Bitcoin. (w/ Roy Sebag)
must have played footsie multiple times
You have a very clear, eloquent and intelligent way of talking about things. Please accept my subscription. 👍 oh, and long live BTC.
The kids don't think about anything except: "is there an app for it?" And "I can get stuff with it?", and the last requirement: "is it instantaneous?"
yup and when it goes POOOF! in an electric flicker it will be back to mom's basement.
no name Some people just don't feel safe without centrally controlled, fraudulently manipulated assets.
@@mtpatton1846 dude.... everything is manipulated. I'm sure BTC too. The false fact suggesting cryptos are bullet proof is nonsense. cointelegraph.com/news/round-up-of-crypto-exchanges-hack-so-far-in-2019-how-can-it-be-stopped
The reality is cryptos challenge state financial sovereignty. As history shows, in extreme times governments can pull the plug on ANY asset. This has been seen in Germany, China, and the USA.
no name you linked to an article about exchange hacks. An exchange being hacked is like a bank being robbed. Don’t keep your BTC in an exchange wallet, problem solved.
Ive loved crypto for many years but thinking that it's going to displace a 5000 year old asset is insane. You won't see Bitcoin jewellery etc People want physical assets . Always will
Many ppl think in scarcity mindset, such that if one asset gains, another has to fail. Well I am bullish on everything.
Rob F Remember when people said they would never ever stop going to Blockbuster because they had to touch the physical dvd. Now our video and music is mainly digital. So saying people will always want physical assets is quite a statement.
It's not going to displace Gold. What we are really talking about which asset has the most upside. If Gold market tanked to10% of it's current value, then the world carries on regardless. If Bitcoin rallies 10x then the world carries on regardless. The arguments you make for Gold are valid, but we are talking about the future value proposition here.
Mark Freeman it could very well replace gold. It can be bought by anyone with a mobile phone worldwide. That can’t be said for gold
@@fraser8973
The point is, Bitcoin functions just as well at $1 as it does at $20k. Some would argue it has already displaced gold, but still it is a lot less valuable. Litecoin and Monero can be traded using mobile phone, plus thousands of other crypto which all dilute the value of one. How many more Bitcoin clones will there be? Bitcoin supply could be diluted infinitely just by copying and pasting source code.
We only look for the moon. And invest with applied risk and proper mindset of course.
I'm not sure crypto and invest belong in the same sentence. Maybe a great speculation. Easy in and will be very hard to exit.
@@Michael-qy1jz Hard to exit? You can click sell at any time and send it all home. Meanwhile good luck cashing out your pile of Kruggerands at the local coin shop who works on cash basis lol. Simply archaic way of thinking.
@@mothermary3796 click sell on what format/platform that isnt tracking you like a prison inmate?? I put an ounce for sale and convert to cash in my hand and it's done.
@@Michael-qy1jz "An ounce" exactly. Gold is only good if you are pawning family jewels and that is the entirety of your familys wealth. Good luck moving a few million out of a country or selling at a local shop without getting screwed. Meanwhile I could put infinite amount of bitcoin on a brain wallet.
Herb Levin Of course it belongs in the same sentence. Finally we have possibilities freely invest in digital projects all over the globe, by buying coins and tokens you are supporting developers and whole ecosystem.
Thoughts on ripple & ethereum?
save yoself
Wow, this kid is smart.. I like how he thinks!
Bitcoin is a digital currency and transactions are made easy with bitcoin, bitcoin will be more valued over time. On the other hand, gold is a stable investment with some guaranteed return.
Did he literally spend 10+ minutes shilling a random Ethereum based game? I don't care if it's even a good game, this guy problably has super heavy bags he wants to unload.
Indeed salesman
Thats why he's known as *SHILLBERT*. Those who know, know.
Not so random anymore now in Aug 2020
here because of the repost on Digital Asset News... and this is STILL very relevant. Espeically now a couple of days before the halving and the current state of the world.
Great interview and an honor to listen to your thoughts. Thank you
Beep bop. I’m an electron fairy from the planet Zuckerborg and you have been warned, all your currency electrons are belong to us.
please explain to me why Bitcoin will be the global currency of choice instead of Fed coin, BIS coin, IMF coin, Putin coin, Xi coin, etc.
Fascinating stuff....so glad I discovered you through nuggets news.....
Simon Cabral +1 for Alex at Nuggets News!
Great, I'm wealth in Fantasy Land ! Lol
The only problem with investing in gold in a global economy that uses internet and technology is it’s not easy to transfer. So another consideration if fiat money collapses might be blockchain technology backed by a gold standard. Could that be possible? Some say there is not enough gold in the world, but gold can be fractioned just like bitcoin. It will be interesting to see how the next major inevitable recession will play out. I’m torn on what to invest in being a late bloomer to bitcoin and the price is currently 13k. I personally believe the dollar will soon collapse, so I have already decided to cash out my 401 and invest in either Bitcoin, Gold. Or both. I also have a personal portfolio that is in the positive up 14k in tech companies. I’m thinking of selling those as well and going all in with Bitcoin, Gold or both. It’s a tough decision because this is all speculation on our economy collapsing..,Any thoughts?
Michael Murray get a business going with not to big outlay something you enjoy doing and creating something build on and get added value on top profit will start coming in the economy stuffs up your little business can see you through personally I got my self a small truck started doing rubbish removals and recycling metals I like working out doors and most rubbish people throw out and paying me to take it away I make more money by selling items on the internet and there will always be rubbish in this consumer world like food and haircuts and you could still have your gold and bit coins at the same time and minimise your waste! Good luck brother
I am sure you were expecting some info about improving your speculation on coins lol 😂 but all speculations are a dream sometimes it comes true like winning the lottery unless we physically get involved it will not happen!
That's the spirit you can do anything when you wanted
Bitcoin is incredibly important in ways that most people don’t realize. Anything you’ve heard about Bitcoin in the mass media is wrong.
Wow. Useage (per unit) is down 30% (more efficient) but electronics items (units) are up hundreds of % (multiples by volume). This is read as usage is lower?
Excellent point. Too much confrontation and spin between the two camps. One should take aim at the right target. There are two sides to the same coin!!
How many times have people predicted the death of gold over the past 5000+ years that it has been the only dominant form of real money on the planet.
I guess people think it will be different this time but but look what you get if you knock the L out of gold.
Do the Annunaki still need gold for their planet ?
It is a utility challenge for me. Minuscule applications to purchase real estate, boats, autos, food etc. To store the value you must be able to unlock value for a good or service when needed. Fee business or people will accept Bitcoin.
Do businesses accept gold as a medium of exchange? Historically yes. Now? In the future Bitcoin or variants built on top of Bitcoin will be.
VERTICAL Wisdom how often do you buy food with gold?
I agree in about 100 - 200 years for sure
The fault is that Barry's Bitcoin Cash share mortgage expires soon. In order to make the Bitcoin shares rise as soon as possible, he actually did such a thing. I am from another country.
The bitcoin halving wasn't discussed much at all in previous bull runs. But it is definitely priced in for next halving. Everyone now is in the same echo chamber talking about it endlessly.
you obviously know nothing about stock to flow ratios
Is it possible the algorithms can hold a system steady like Yellen said? Any arguments that they won't?
your subtitles lag by several frames, for all your videos. You're doing something wrong. That is, the subtitles at 30:00 don't appear until about 30:12 (3 subtitle frames behind). At 5:00 they appear at 5:06 (1 frame behind).
The full transcript being available is awesome but your best use case is presently worse than youtube's auto-generated captions.
Yeah, take them up on this. It's about getting a fair go.
@@basilbrushbooshieboosh5302 I'm just trying to help, do you know how much transcription costs? they're better off with the free Google captions.
lol Gold will never be replaced with any
thing. Eventually all the currencies will cease to work and gold and silver will be used to buy and sell
Bitcoin has still tiny market cap compared with Gold market.
Totally agree that Gold needs the world to fall apart to be 10x but Bitcoin could 10x without the world falling apart - - and still be smaller than Gold.
@@dutchy5752
Gold does not have a limited supply. It is constantly being mined out of the earth. Do you know how much Gold there is out there? Can you verify how much gold there is in the world? Gold has terrible spreads between buy and sell price. Gold has a large cost to carry in form of security. Bitcoin is, as real as Gold. It may be more real in some ways since it can be used to trade online. You cannot buy anything with Gold. Try buying your shopping with Gold coins. Not possible. I am not even bearish on Gold. My point is that Gold market requires the economy to fall apart to make gains, whereas Bitcoin can still 10x and still be smaller than Gold market.
@@dutchy5752 yes man u are correct I just sold all my BTc and never going to look back at it...buying some gold now...lol
what's your point?
@@terrorbear7
Gold market is mature and unlikely to rise in price any more than inflation, over time. Bitcoin, is still in it's infancy and price has yet to be discovered.
excellent interview!
Pineapples were once scarce in Europe.. food for the royalties... Until massive supply of it came from the new world. And just like that, it's not so special anymore.
BTC once was scarce..until BTC gold BTC private..btc unliminted...ect ect ect....then they all turned out to be scams..which made even made the comedy even worse.
D Moore BTC is BTC none of the others are BTC.
@A Dude I understand that. Yet with every fork of making of a new Crypto. Another programmer isn't working on making BTC better. Another computer isn't making the network stronger. Who cares how many BTC there are out there, if there are a Billion BTC clones? Only thing that makes BTC worth what it is today, is the programming and networking(mining). Delusion of this makes BTC weaker. Let alone, BTC is not money, can't be with its current iteration and the amount of scale it needs. So you telling me i dont know money or crypto is comical. Go take a hit off your vape pen.
D Moore bitcoin is the most secure network, most uses and is decentralised. No other fork or altcoin can say that. By what you are saying, is that if I created 10 facebooks apps the exact same as Facebook and changed the name, they should all be worth the same as facebook ? Of course not, because no one uses them. It’s a stupid argument!
@@mooredann69 r u seriously comparing a fork to btc?
BTC will change the world!
For the better?
I'm for both Bitcoin and Gold, but I gotta say that was a great commercial. Gold has no utility though? There's literally gold in the computers that mine the Bitcoin.
happy holder of BTC but also have XRP which was not mentioned?
At the point of this interview, any mention of XRP was forbidden. XRP is not meant for individuals, it's meant for banks. That's the reason Ripple never made a personal user wallet of any kind. That's also why it has no inflation rate and the reason why Ripple is holding the majority of coins in escrow. They're destine for banks. The price is being suppressed to discourage any ownership of the token. XRP has been one of the worst performing coins, to the point where it's abysmal or unbelievable which it's not. The banks want it all. Most holders will dump it on any reasonable move up and the banks will eventually own it all.
@@michaelyork236 cheers
Gold an Bitcoin both work, i stack both
yes
Gold has had it's day? What if a hacker gets into bitcoin? I know hacker are attacking bitcoin every day and failed so far, but one day it could and then what?
GOLD (held by central banks) is the Old World. Bitcoin is the New World, and it’s freer, fairer, and more transparent. 🙂
very thought throught point of view !!
Very intedresting interview
Uncross your legs ladies...
Uncross you're brain Alpha-bad-bet
@@basilbrushbooshieboosh5302 Not a chance.
Amazing interview. Very insightful
People seem to get this the wrong way. Gold and Crypto are not mutually exclusive. Common people do not see money and wealth the same way as rich people, corporate and financial institutions. While it may be true common people may be swayed towards crypto in the coming years, if facing a true collapse of the fiat currencies, traditional money will STILL lean towards their usual hedges. Gold has always been, and will always be, important in that portfolio. In an apocalyptic scenario both assets would benefit in their own ways. It's wasted time debating one over the other.
You are right
No, it will not. Will replace nothing.
you hope
@@terrorbear7 Fiat will stay here too, so won`t be fully replaced. Not allowed.
@@bregjejabra25 But you said it "will replace nothing"
@@terrorbear7 I guess I said it wrong. I mean Fiat and Phisical gold. Fiat is here to stay as part of this Prison Planet where people owe dues (inflation and taxes). But I`m not saying Bitcoin could not reach 10 Million $ or so....
. Its very interesting to listen to crypto lovers , but i don't understand how the ones now won't go the way of the gramophone or VHS recorder .
.As a member of peasant class all the people in their 20's I know are only in it for the government currency .
bitcoins conception was immaculate. others can only imitate. the network effect now run far too deep to be disrupted.
Ty
Thisn is excellent. 32 mins in.
Bitcoin is the Internet
7:23 I understand from a marketing perspective how BTC could "replace" gold but isn't it like comparing a horse drawn carriage to the first automobile?
The real breakout of cryptos will be in liquidity provided shaddow banking of them from an easy to use platform
Silbert is this generation's Buffet.
As a gold bug, it looks like once again another Bitcoin pumper has failed to deliver on his predictions, and gold once again is rising while bitcoin is falling.
In all these BItcoin discussions, I have yet to see anyone mention Article 8 of the Constitution:
The Congress shall have Power:
5: To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
6: To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
So it appears that Congress can regulate the value of Bitcoin (a foreign coin) to zero whenever they see fit. Thanks, I'll stick with gold.
lol
fazdoll you’ve displayed a very clear lack of knowledge regarding how bitcoin attains value.
There is no other Bitcoin broker in the world that performs at the 99.4% level of accuracy that Reed Peeters is able to hit. That’s why people from around the world trust him to double, triple and quadruple their hard-earned money.
You can reach him on his official mail *Reedpeeters@gmail. com* You're one click away!
The best part of this is that you will never miss a trading opportunity, plus you do not need to sit in front of your computer for hours, watching for a trading option.
Reed Peters just got out of prison, he was locked up for fraud. haha, you fools
Your ringhole sees a fair amount of action by the looks.
Gotto love a string of bots advertising a paid for con service eh?
Sorry, gold is pretty. Do me a favor, slice off $50 of gold, and send it to me. Problematic? Buy Bitcoin
Gold is already using the blockchain ledger and can be sent instantly with verification. The bitcoin itself is worth nothing - the blockchain is the utility
Hedera Hashgraph won't fork. Those who are jealous don't like that... but everyone with an asset listed on the network might appreciate that they know there can only be one official instance.
@Nur Azhar ?
@Nur Azhar It doesn't sound like you understood my point. If someone registered a house on a blockchain network and that network forks, which fork is the true house registration? If you have a dapp on a network and it forks, on which fork does the dapp communicate?
I didn't hear any adoption plan in there for Decentraland....all it would take was another company to create a far more popular place to hang out and all those land plots people bought are worthless. In the world of VR, if you are betting Decentraland (horrible name too) will be the next Facebook, I think that's really long odds. The internet has seen so many social networks that failed and only a very few that succeeded. Decentraland is more likely to be Friendster than Facebook.
Great summary of how insane this guy is. If I'm going to speculate in land, it's going to be actual land.
Then please tell me why is that central banks and country's buying gold and putting it in a vault for safety and not Bitcoin. So I guess that they well sell all there gold and buy Bitcoin not going to happen.
How would we know if they were? We wouldn’t.
- The use of gold in electronics is down 30%!
Bullshit. Besides, electronics are only about 9.5% of all gold. Get your numbers right, Barry.
Barry apparently does not know the difference between money (store of value) and currency (medium of exchange). Bitcoin may prove to be an efficient medium of exchange but only time will tell. As a a currency it may be profitable at times to employ it for currency speculation or for arbitrage. However, it has no intrinsic value and never will. Ultimately, it will succeed long term only if it is backed by gold, just as the dollar's success was the result of gold backing, and the dollar's demise is assured because it is no backed only by empty promises.
Also look into Cardano and Elrond
DigiByte
@@dgbmemes RadixDLT
Cryptos are in fact fiat.......without electricity how will you use it as a store of value?????
@Billy Ray Valentine Horse shit....you could lose power locally and your cryptos would be useless...
u dont understand how bitcoin works. the whole world without electricity all at once??? because thats what it would take and at that point money would be the least of our concern
@@MonteHoopla no it wouldnt because the bitcoin network is run on computers all around the world!
My ledger is not connected to power or online right now but when I turn it on it still has my crypto on it
The value is different sometimes tho lol
Barry "The Shill" Silbert
That was absolutely brilliant
This is the new version of CRYPTO!!
good to see bitcoin getting the next level recognition it deserves, as team George recently said "its a once in a species opportunity" and i keep making my earnings with them despite the fluctuations.
hello can i get some tips whose team George?
@@siegelmc9061 this guys are expert traders in btc mining and crypto, due to my experience in tradings i so much believed in them and ever since i started trading with them have been making cool profits from them.
@@siegelmc9061bitcoin is the future and watch it grow it's value, i think team George are expert traders and are dominating the trading zones, their strategies are best profitable and recommended i just received 1 btc from them last week.
@Robert Leonard am not bragging i can attest to it, they are the real deal feel free to reach them at then see how happy you will be with your self.
@Douglas Barnes
Me thinks there is foul play afoot in the state of Denmark
27:04 no they're not crossing the worlds, they're just online lol
all we have to do is incorporate Blockchain into a VRU based software and then we can essentially create the beginnings to the Matrix!
The future of Bitcoin doesn’t include Tesla
What game did Barry say? "Decentralized ....?" Anybody?
Decentraland
Cool 😎 cheers from Portugal 🇵🇹
Google Silbert and SegWit2x agreement.
Yea
Its even Biblical:
Ezek.7:19
“‘They will throw their silver into the streets, and their gold will become abhorrent to them. Neither their silver nor their gold will be able to save them in the day of God's fury.+
20:00 wow he's basically saying that Millenials have no chance at making wealth in any of the traditional categories so all they can go is gamble on crypto? That's true, but we should stop and listen to what we're saying. That's not a good position at all and that sort of desperation could further cement the inability to grow wealth if bitcoin flops. I mean, every portfolio needs diversification...I hope my peers in my generation don't all get screwed by crypto cause then theyll have nothing left. Unfortunately the speaker is probably right that kids will inherit gold and buy crypto with it. Sounds like a trap to get gold off Main st to me
To play devils advocate there. I mean I am a fan of Bitcoin, but also stocks. Do you seriously think that when older generation dies, that there will be no stock market? Just crypto? Mate they serve entirely different functions. Bitcoin, as with Gold, is basically useless to the economy, which is why it's value is 100% speculative. What I mean is that they make no money by themselves, and do not create anything. They just sit there. The price of stocks is carefully valued compared with many metrics related to how well the company can make profits and how much it contributes value to society. Imagine a world where we all just owned Bitcoin? Pretty dystopian I would say.
Are we drifting towards the Talosian Memory Alpha with the proliferation of virtual living????
Are there gentleman’s clubs and drug dealers in decentralland? Asking for a friend
Tell he could be the ist.
I will be playing and selling music in decentraland, see you there!
link? i'm also launching a club there!
Can I still be an arborist there?
@@quantumevolution4502 I thought it hadnt launched yet? I presumed only LAND was for sale at this time.
@@basilbrushbooshieboosh5302 sure, you can abort the scammers.
@@Tapepusher
An arborist trims, prunes and fells trees
What happens to Bitcoin if the internet goes down?
If the internet goes down you can't access your own bank account let alone Bitcoin.
I get bitcoin, fortnite is fun, Decentraland sounds boring AF
It didn’t convince me seems like he hates why there’s 8 trillion vs 125 billion
YOU WISH NEVER BITCOIN WILL REPLACE GOLD O SILVER............DESPERATE.........
26:50 ye man lmk when i can get 30 fucking people to play fort with
Putting virtual ingame items on a blockchain is the most stupid thing ive heard along with investing in 'mana'
I'm a millenial, i'm a gamer. Why use this terribly inefficient database for all kind of completely illogical applications.
Does my toilet paper need to be decentralized to?
We cant trust any company to be in control of this stuff as soon as there are a few cents on the line? you know a company that will survive or die by it's reputation and will do whatever to uphold it?
Award for most ignorant comment Ive seen all day. You obviously arent a gamer or a millenial or you would understand the value of in game currency that is loose and outside the hands of developers, plus the potential for TRUE living mmorpgs. Read a couple articles on how a blockchain works before getting so offended out of pure ignorance.