I fall for Bill's trick every time, thinking he's asking a question that we're all interested in ... just to find out he had no intention of getting an answer. It was just a set up for him to give his own opinion.
@@MatthewSeanMcDermott I think its really on the podcast that he can be especially bad about not knowing when to shut up but that’s also what I like about him tbh because I always know Bill is just going to say it how he sees it period. His ‘old school liberal’ perspective is hard to come by these days it seems.
Cuban owns A LOT of crypto. Those guys have to sell the idea to stop losing money. Ponzi stuff. The internet can be shut down. The electrical grid can crash. Any nation can nullify crypto as a tradable currency or commodity, sending it crashing worldwide. Good luck with crypto!
Bill is not very good at letting people answer questions. He needs to work on this because if he did this would be a great podcast. He's funny and smart but not a good listener.
I like Bill Maher but I can’t stomach these club random videos.. He acts so obnoxious and laughs continuously.. i want to like it but it’s much too annoying
I love Bill but he's extremely hypocritical when it comes to interrupting. Always gets furious when people interrupt him and says let me finish, but when others speak he always feels the need to get his words in. This discussion barely gets anywhere because he can't let Mark finish a complete thought. I really wanted to hear an actual in-depth debate on this.
@@d8l835 freedom, ownership, uncensorable, decentralised, deflationary, supply limit, peer to peer, the lìst goes on all highly valuable. Study the fundamentals of what bitcoin is and if you have an average IQ you can work it out. It's not to difficult it just takes a bit of effort as you are programmed by government from.a young age Tobe afraid of freedom.
Great analogy by Mark! Bill’s points are all valid. Buts Mark’s last comment about the stock w/ no dividend is the most important part! Forget P/Es. Cost is simply related to supply and demand.
Yes, I’m no Cuban fan but his last point about comparing stocks that don’t pay dividends to Bitcoin was crucial to his argument vs Buffett. Why not play out the whole interview so we can hear it.
@@joeano You do know that even companies that dont own anything, own things? You know that you own part of that as a shareholder? Vs .. well I dont know I digital blockhain that literally has no other value than what people give it. It only works because we are stupid monkeys wearing suits and pretending we know what the shit is going on.
The TRUE difference between GOLD and BITCOIN is that gold has a strong utility value in that it doesn't corrode, conducts electrical current well, and is used in MANY different aspects of technology because of these properties. It is these properties and others that bring gold its value. Bitcoin, as Cuban said, is simply a store of value and NOTHING more!! Gold has uses, Bitcoin is nothing but numbers somewhere!
Bitcoin is sh*t as a store of value. It went from $62,000 to like $16,000. If you put your life savings into bitcoin, you might be able to drive a Lamborghini in two months or you might be living in a 1997 minivan in a Wal-Mart parking lot. That's no store of value. It's a form of crazy gambling.
Correct but I feel like you're overestimating the utility value of gold. Most of its value is the monetary premium. Bitcoin is pure monetary premium. If you believe in gold just for it's 5% utility value in case it tanks then you don't understand monetary goods.
1:53 the problem with Gold is that if everything really did go to hell in a hand basket, you can’t eat your gold. A can of beef stew would be worth way more.
No, but when the bank is unable to give me paper money because they don't have it; I can open up my safe, grab a couple pre 65 quarters and trade those for that can of stew. IF the times are so chaotic that no one wants to trade silver/gold for goods (highly unlikely), I also stack lead.
Of course you can have physical gold. That’s what bullion bars and coins are for. My only problem with it is that people think in end times it will serve as currency and it won’t. Trade and barter system will be king. Also, just because you can buy gold when it’s down doesn’t guarantee you will be able to go to your local coin shop and sell it for what the market value is.
generally u can get close to spot or even above it when selling at shops. problem Is the online gold retailers charge like 10%+ above spot so its buying in where u lose the most
Well there is a lot of concern these days that the banks have been lying about the gold market. Every gold certificate they sell is supposed to represent an actual unit of physical gold but the numbers are troubling as in they've oversold by a significant amount.
LOL, I am holding a gold coin right now. Do you know what tangible means? Real estate is in a huge bubble and if the FED did not lower interest rates to 0% and buy 3 trillion MBSs it would have been 2008 all over again...
Under a gold standard we were supposed to own paper money that was redeemable into ounces of gold. We didn't own the transaction, we owned the gold first and approved the transaction later. We were also able to redeem at any time and for whatever reason whatsoever. The fact that that is no longer the case does not mean gold is inferior or comparable to bitcoin, it merely means that the government f**ed up big time and distorted the natural usage of gold. Gold is simply the perfect medium of exchange because it is divisible, it is tangible, it is scarce, it is desirable, and it is useful even as a final good instead of money. Compare that to Bitcoin, which is not tangible, is not really desirable, and it is not useful by itself-let alone the absolute dependency on technology in order to trade. With gold, you can literally exchange a bar in a pawn shop without any electricity being involved. Now, come and try to convince me that the government or shady big tech won't find a way to control your electronic bitcoin transactions by taxing the living hell out of your ass or restricting your ability to trade. They can't do the same with gold you own and store in a safe in your house. And if they try, you better have your 2nd amendment ready.
Agreed. I own three pm's; gold, silver, and lead. Especially with the way banks have been lately, I prefer to keep a chunk of my savings in a physical form-and in my possession. Lastly, paper/digital money just doesn't give me the warm tinglys like a 100oz bar of silver in my hand does.
It would have been great when Mark said you don't own the physical gold, if Bill had some gold bars and he whipped them out from a vault or something and been like now what.
@@asmusndsu Well a pound of gold is worth right this minute about $22.4k, so that means that 30lbs of gold is worth approx. $672k. To ship 30lbs of freight from the US to the UK is less than $500. I'd say that is easily worth it. At the end of the day you would still have $671.5k of gold once received. Once you receive an instant transfer of bitcoin, you just have pixels on a computer screen.
@@willlazenby1050 I’m not trying to say it’s bad to own gold I think gold and BTC both have a place. But to transfer value ide rather use the vehicle that is nearly instant, free and can’t be stolen. Shipping gold still has plenty of risk of being stolen, lost, or confiscated.
@@d8l835 On chain BTC has never been stolen it only has been due to the same sort of traditional tactics that already plague legacy finance like phishing and exchange hacks.
Why would Cuban admit that something he owns for investment is worthless? Investment schemes depend on investors to talk up the worthless investment for it to work. Gold has value because of its properties, and it can be used in electronics manufacturing. It's something. Stocks are pieces of businesses. Bitcoin is just air. It's only value is hype. I personally invest in brass, copper, and lead as a hedge.
the issue is bitcoin isnt used as a currency for the most part… its one big speculative digital asset at the end of the day, its way too volatile to be an actual form of currency. Unlike owning a stock which is piece of an actual company, you own nothing with bitcoin
At 0:53, Cuban says: "If you own gold, you're dumb as fuck." Never thought I'd agree with that statement, but after owning gold for 13 years now, and seeing that it is NOT the future of money and we will NOT be going back to a gold standard, ever....I agree with Mr. Cuban on that bit.
Forget about initial days, if this discussion is happening unconvincingly even after a decade means something. People who own bitcoin want to preach it has lot of value and people who don't own it question its value. Both are wise.
This video should’ve been longer. You cut mark short on the biggest point, about the Warren buffet argument. Hopefully the whole interview is somewhere.
When it comes to investing, I've always followed the motto: "Invest in things you understand." What I understand is that neither gold nor bitcoin ever made anything. Neither has been used directly to create more value in something else. That's why I don't own either. General Motors, Amgen, Dell, Apple, Microsoft, Boston Dynamics, Kroger, Pepsi and companies like them - they either make stuff or they make stuff more valuable; real, tangible stuff that people use and assign value to every day. Investing in Bitcoin or gold is like paying 30 cents today for a quarter in the hopes that today's quarter will be worth more than 30 cents at some point. You might as well be out there buying Euros and Kroners and hoping that at some point their value relative to the value of the currency you exchanged for them improves. Such a pointless exercise.
I don't think buying gold for the purposes of reselling in the future is the reason to own gold. You do trade it later on for more dollars, but not because gold is more valuable by its own, but rather because fiat currency gets blasted with inflationary policies and erodes your savings. Gold is superior to Bitcoin for many reasons: First, scarcity, which keeps the value relatively in check. Second, tangible desirability, because there are always people or companies who would like to craft jewelry or build microprocessors. Third, it escapes government control, so that bureaucrats cannot play with your hard earned money. And fourth, universality, we all speak the same language when we see a shining yellow coin. The reality is, what defines what medium of exchange is superior to the other is which one do people prefer to trade in. And people around the world have preferred to trade in gold, and this consensus developed organically. I have never met anyone willing to trade in Bitcoin. You could convince someone to accept gold as payment much easily than to convince them to accept Bitcoin. That's why crypto bros are so desperately promoting their currencies, because otherwise their currencies are worthless.
@@devilmansanchez First there is a world where both exists. Gold is not a good medium of exchange outside your immediate community. Try sending a bar of gold across seas. Scarcity? No one truly knows how much gold is in the earth you can see any second how much Bitcoin will ever exist at any moment. As far as security ask anyone who has had their gold jewelry stolen let alone confiscated by the government in the 30s. As far as producing something, the largest decentralized computing network and a digital remittance vehicle that blows the pants off existing legacy systems like SWIFT, Visa etc.. seems like something valuable
@@hipsonsogbo Humans organize themselves around the availability of raw materials and resources. This explains why there are no Nation Capitals on the planet that aren't near a water supply (that's just one example).
List of Guest I would like to see on Club Random 2023. #1 Joe Rogan #2 Theo Von #3 Dave Chappelle #4 Cheech and/or Chong #5 Tom from Myspace #6 Philip Defranco (RUclipsr) YOU ARE AWESOME, it has been amazing watching your career on TV and video go from held back on Politically Incorrect to Club Random... from caged to free! O and you should also have Dennis Miller on Club Random too...)
Whatever happened to Dennis Miller? Last I heard of him was the two months or so before he came to town in 2008 and every day when I'd get ready for work the radio would play the ad spot of him telling the joke "here's my take on tank tops: If you're built like a tank, don't wear the top." Dennis Miller, live at the wherever, tickets on sale now! Heard that a million goddamn times, then it seems like I never heard from Dennis again.
People here seem to forget, Bill is more than likely stoned to some degree or high on booze. Or BOTH. THATS why this is so much different from Real Time.
Great clip Bill. If this is indicative of the rest of this interview I'll pass. I'd love to interview you about something I know nothing about then proceed to talk over anything you say with my uninformed opinions about it. How have you been a talk show host for over 20 years yet still don't know how to have a conversation?
Bitcoin is limited to only ever have 21 million of them being created. That's literally the only thing that gives it value. If you put gold and bitcoin at 1:1 parity in value: 1 BTC = 319 oz of gold. Above ground gold: 190k metric tons (6,702,100,000 oz) 6,702,100,000 oz Au / 21,000,000 btc : so, 319 oz = 1 btc gold spot price= $1820 $1820 x 319 oz = $580,580 : so, 1 btc = $580,580
What is "a form of investment in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones"?
Lately Bill does a lot of that: Invites a person who knows something about something Bill doesn't and then he just talks over them. One day he will be educated on BTC the same way he was educated on traveling to Mars by Neil de Grasse Tyson.
Hello , I am interested in finding out more about something you have knowledge and experience with...... well , not really I just want to give my opinion. 😆 Bill has some great guests and I enjoy them.
The power companies across the United States actually use Bitcoin to fund subsidarities to lower the price of power for everyone. The power company gives power to miners at a discount to turn on or off the miners based off of the electricity demand in the region and profit share driving electricity costs for everyone down and monetizing excess energy that otherwise would have been wasted. It's actually improving energy consumption and saving energy and creating wealth in the process.
Watching Bill interview people nowadays reminds me of when Christopher Hitchens used to go on Hannity or Scarborough and would eventually interject to say "You should ask me on more often to tell me your opinions". Apart from when Bill has Netanyahu on of course when hel shuts up and lets his buddy do a free party political broadcast. Bill is spent.
What I have realized with the rise of podcasts where you get to hear from so many different intelligent voices is that a lot of talking heads from the legacy media era like Bill Maher sound convincing but do not really know what they are talking about. If Bill were not already famous and went into podcasting with his view points nobody would watch him as he talks out of his butt most of the time.
“The value of a stock that doesn’t pay a dividend is worth whatever someone will pay for it”. Hello buybacks? What? Shark tank lineup gives the worst worst worst investment advice.
They both said exactly what they truly thought about Bitcoin. If it wasn’t the answer you liked, you didn’t hear them talk. Cuban said Bitcoin was better than gold for investing, but also said gold was for stupid people. Also said it’s just for balancing his portfolio. Basically, it’s not as great as people think it truly is. Bill said it doesn’t produce anything and Cuban said neither does gold.
Bitcoin is a pump and dump worthless penny stock that already has blown over and now its the slow drift to zero. Particularly now with high interest rates
Gold is used in electronic, ironically bitcoin wouldn't exist without gold and its intrinsic value in electricity conductivity. Gold has value beyond simple trading.
Cuban- “what are you gonna do, shave off some gold” - maybe you should ask the Venezuelans who are doing just that to trade - food/clothes, etc. can’t shave off bitcoin!
Cuban is absolutely wrong calling bitcoin a store of value. Actual stores of value do not have massive downward swings in their value. Bitcoin is far too price volatile to be considered a store of value. Pretty basic concept that Cuban doesn’t understand.
I disagree with Mark on this. Gold has one thing all these other standards don't, and thats the PHYSICAL beauty of gold. That's what gives it it's value. Bitcoin is digital and doesn't exist..
Most of gold's value, probably 90% or so derives entirely from the chimpanzee part of the human brain that likes shiny things. If we ever got past that, gold would still have a real value because it does have industrial uses, but it's "real" value in that sense would be a few hundred an ounce at most. Bitcoin has zero value unless the next sucker in line is willing to buy it off you for the same or more as you paid because they believe it will only ever go up. In theory it could have some modest value if it were used as a currency, but almost nobody does that. It's a speculators asset, and partly for that reason, it is useless as currency. Even if that weren't the case, it's transaction times and costs, especially energy costs, absolutely suck.
How many people actually own gold bars? Metals people own coin/rounds which can be used on the market and you hold physical metal. What's cuban is talking about is digital gold. It has as much value as Bitcoin.
It's good in certain circumstances. If you live in some bullshit country like Venezuela or Zimbabwe where inflation can run 30,000% a month or something crazy, having gold and silver can be a life saver - if you can secure it somewhere where bandits and the government wont get it. On the other hand just owning dollars or Euros in banks outside the country will work as well.
Have you ever looked at a gold chart? Gold has gone up six fold in the last 20 years. I made a nice chunk of change on gold miners. As an inflation hedge, gold has more or less held it's value. Bitcoin has lost 75% of its value and most owners are now in the red.
BSV is the real Bitcoin. That's the fastest, most efficient unbounded public registry that can meet the needs of governments, businesses and enterprises today with unparalleled scale and stability.
Bill, it does need to be tied to something gold oil something otherwise these guys will print this paper money into oblivion so you do need an anchor. Gold happens to be a good anchor whether you like it or not we need an anchor choose something but you need to choose an anchor, and gold is as good as anything.
Agreed every true fiat system has failed in history, in fact the average lifespan is less than a few decades. Gold isn’t perfect but the closest thing we’ve found before BTC was created. Although the big misconception that most people get wrong about gold is industrial use-cases are actually counter to being a preservation of a value. Industrial use encourages supply inflation which devalues the commodity (why silver is significantly cheaper). The fact that gold is as scarce as it is, is the only reason it’s stood the test of time. But again not perfect
@@asmusndsu those actually have a value product. Even though their valuations are often over exaggerated. The problem with the stock market in general.
Mark Cuban has no idea that BSV is the real Bitcoin. He should read the white paper. Bitcoin was never meant to be store of value. Bitcoin SV is Turing complete with unbounded scaling which would allow to improve the plumbing of the internet with payment channels. BTC has 0 value.
Energy is value. Whatever can hold the value of energy has value. Truth is, anything that you get more value out of than put in is better than "Storage". A vending machine that you own has more value than gold or bitcoin because it makes money. "You" have more value than gold or bitcoin. Bitcoin and gold are for people who are trying to park value until they find a better place to put it. Put money in yourself. Learn a trade, get a CDL a pilots license or a degree in business then use your money make more money. Dont park anything.
Not a single reason given why Bitcoin has intrinsic value. Why? Because it doesn’t have any. Like none. It’s not backed by anything other than perceived value.
I fall for Bill's trick every time, thinking he's asking a question that we're all interested in ... just to find out he had no intention of getting an answer. It was just a set up for him to give his own opinion.
If that's how you perceive him, why do you watch his content? Just curious
@Nn he has awesome guests and I like a lot of his takes also. He can just be annoying when he can't shut up
@@MatthewSeanMcDermott I think its really on the podcast that he can be especially bad about not knowing when to shut up but that’s also what I like about him tbh because I always know Bill is just going to say it how he sees it period. His ‘old school liberal’ perspective is hard to come by these days it seems.
You’re watching an opinionated stoned guy who loves to say the same things over and over. You get what you come for.
Cuban owns A LOT of crypto. Those guys have to sell the idea to stop losing money. Ponzi stuff. The internet can be shut down. The electrical grid can crash. Any nation can nullify crypto as a tradable currency or commodity, sending it crashing worldwide. Good luck with crypto!
Bill: I don't understand Bitcoin, please explain it. (Proceeds to talk over and not hear anything...)
Bill is not very good at letting people answer questions. He needs to work on this because if he did this would be a great podcast. He's funny and smart but not a good listener.
Exactly. Ty.
I wonder if he was high? Lol
In Maher's defense, all he said was "I want to ask you about Bitcoin." He didn't say, "I'm going to let you answer."
He is dangerous at night clubs
I would love to hear Cuban's take on Bitcoin, but Bill wouldn't shut up.
He describes it as gold you can actually own and transfer to people directly through the internet
I like Bill Maher but I can’t stomach these club random videos..
He acts so obnoxious and laughs continuously.. i want to like it but it’s much too annoying
He's was trying to say is, buy low sell high.
Don’t worry, you didn’t miss much. He doesn’t really get it.
His conversation style on the pod/RUclips really irked me at first bc I was only familiar with polished, prepared bill. YMMV with his pod.
Bill trying to school a billionaire on finance and not letting Mark speak. Hilarious!
It’s his thing. He debates Tarantino on how to make movies and never let him speak. 😂
This is what he does with every topic that he doesnt agree on, he thinks he is a pro in every field.
@@jxstified7558 Norm MacDonald once said bill Maher would rather be known as smart than funny. It’s a shame he’s neither
Hi bill you crazy and smart guy
He's stoned, bro
Well here we are again… Bill Maher debating out of his depth… 😂
While loaded too.😉
Bill is going to be nuts in ten more years. Going to be funny
Cuban is so correct
For the love of God Bill, let the man speak if you asked him a question! :))
I love Bill but he's extremely hypocritical when it comes to interrupting. Always gets furious when people interrupt him and says let me finish, but when others speak he always feels the need to get his words in. This discussion barely gets anywhere because he can't let Mark finish a complete thought. I really wanted to hear an actual in-depth debate on this.
Can't wait to see how this ages. 🤔
The masses slowly wake up. Generation gap.
Its still not looking good for crypto and its been what, like a decade or more? Every damn week theres a new crypto scam
@@d8l835 140% gains year on year over a 13 year period. Like I said DYOR you don't understand bitcoin yet.
@@hipsonsogbo 140% gain of 0 is what exactly?
@@d8l835 freedom, ownership, uncensorable, decentralised, deflationary, supply limit, peer to peer, the lìst goes on all highly valuable. Study the fundamentals of what bitcoin is and if you have an average IQ you can work it out. It's not to difficult it just takes a bit of effort as you are programmed by government from.a young age Tobe afraid of freedom.
I ended this clip convinced that Mark Cuban doesn't understand bitcoin either. 😅
thank god the world doesn’t rely on Bill understanding anything
Cuban comes across as equally ignorant and I am a fan of his.
Crypto is a SCAM.... Bill being an idiot doesn't make Crypto legitimate.....
Mark is just in on the grift, Bitcoin is BS
I would bet they both have a watch made with some gold
Lmao...this is what it's like trying to explain new technology to your grandparents.
yeah if your "new technology" was a pet rock
Where’s the part bill doesn’t interrupt mark?
Great analogy by Mark! Bill’s points are all valid. Buts Mark’s last comment about the stock w/ no dividend is the most important part! Forget P/Es. Cost is simply related to supply and demand.
Sell it to me I am crazy for coffee coke and pizza and McDonald's
But how do you determine the likelihood of demand increasing enough to increase the price of the stock? P/E among other valuations
Yes, I’m no Cuban fan but his last point about comparing stocks that don’t pay dividends to Bitcoin was crucial to his argument vs Buffett. Why not play out the whole interview so we can hear it.
@@joeano You do know that even companies that dont own anything, own things? You know that you own part of that as a shareholder? Vs .. well I dont know
I digital blockhain that literally has no other value than what people give it. It only works because we are stupid monkeys wearing suits and pretending we know
what the shit is going on.
The TRUE difference between GOLD and BITCOIN is that gold has a strong utility value in that it doesn't corrode, conducts electrical current well, and is used in MANY different aspects of technology because of these properties. It is these properties and others that bring gold its value. Bitcoin, as Cuban said, is simply a store of value and NOTHING more!! Gold has uses, Bitcoin is nothing but numbers somewhere!
I’m not a crypto guy but crypto has many uses , thousands of diff businesses and shit use it daily and diff coins have diff abilites
Bitcoin is sh*t as a store of value. It went from $62,000 to like $16,000. If you put your life savings into bitcoin, you might be able to drive a Lamborghini in two months or you might be living in a 1997 minivan in a Wal-Mart parking lot. That's no store of value. It's a form of crazy gambling.
@@Voo504Doo LOL, great I can do the same with dollars so who cares.
@@GrandChessboard some shit you cant and crypto is much more efficient for, but i agree man overall fuck it, its a ponzi scheme imo.
Correct but I feel like you're overestimating the utility value of gold. Most of its value is the monetary premium. Bitcoin is pure monetary premium. If you believe in gold just for it's 5% utility value in case it tanks then you don't understand monetary goods.
Bill didn't allow Mark to make his point.
1:53 the problem with Gold is that if everything really did go to hell in a hand basket, you can’t eat your gold. A can of beef stew would be worth way more.
And if humans went extinct we wouldn't value anything!
You cant eat your bitcoin either...
@@d8l835 no doubt.
No, but when the bank is unable to give me paper money because they don't have it; I can open up my safe, grab a couple pre 65 quarters and trade those for that can of stew. IF the times are so chaotic that no one wants to trade silver/gold for goods (highly unlikely), I also stack lead.
@@Cdubp01 you can’t eat those quarters, or lead either.
I mean…. I own the physical gold. It’s not that hard.
LOL, for real. Mark is a scammer.
Of course you can have physical gold. That’s what bullion bars and coins are for. My only problem with it is that people think in end times it will serve as currency and it won’t. Trade and barter system will be king. Also, just because you can buy gold when it’s down doesn’t guarantee you will be able to go to your local coin shop and sell it for what the market value is.
generally u can get close to spot or even above it when selling at shops. problem Is the online gold retailers charge like 10%+ above spot so its buying in where u lose the most
@@joshn3384 Maybe sell at spot yea but good luck buying near spot with the shortages everywhere
Well there is a lot of concern these days that the banks have been lying about the gold market. Every gold certificate they sell is supposed to represent an actual unit of physical gold but the numbers are troubling as in they've oversold by a significant amount.
Donald trump owns over 1 million buildings he is number 1 in USA bigly
Bill Maher knows everything and is never wrong in his mind. hard to believe he's had a show for 20 plus years who wants to talk him
The truth is, both gold AND bitcoin are non tangible assets, you don’t actually own either. If you come into money, invest in real estate.
LOL, I am holding a gold coin right now. Do you know what tangible means? Real estate is in a huge bubble and if the FED did not lower interest rates to 0% and buy 3 trillion MBSs it would have been 2008 all over again...
Love your show's Bill. 💜🇺🇲
Bill Maher podcasts are a blessing.
Under a gold standard we were supposed to own paper money that was redeemable into ounces of gold. We didn't own the transaction, we owned the gold first and approved the transaction later. We were also able to redeem at any time and for whatever reason whatsoever. The fact that that is no longer the case does not mean gold is inferior or comparable to bitcoin, it merely means that the government f**ed up big time and distorted the natural usage of gold.
Gold is simply the perfect medium of exchange because it is divisible, it is tangible, it is scarce, it is desirable, and it is useful even as a final good instead of money. Compare that to Bitcoin, which is not tangible, is not really desirable, and it is not useful by itself-let alone the absolute dependency on technology in order to trade. With gold, you can literally exchange a bar in a pawn shop without any electricity being involved. Now, come and try to convince me that the government or shady big tech won't find a way to control your electronic bitcoin transactions by taxing the living hell out of your ass or restricting your ability to trade. They can't do the same with gold you own and store in a safe in your house. And if they try, you better have your 2nd amendment ready.
Hoorah!
I almost should
Agreed. I own three pm's; gold, silver, and lead. Especially with the way banks have been lately, I prefer to keep a chunk of my savings in a physical form-and in my possession. Lastly, paper/digital money just doesn't give me the warm tinglys like a 100oz bar of silver in my hand does.
i feel like i've missed out on so much valuable information just because bill couldn't stfu for a minute...
Check out mark Cuban on bankless channel on RUclips 👍🏼
I own bitcoin, I am a billionaire you should buy bitcoin so you can be one too. Now you got all the info
Bill's acting like you could go buy a cheeseburger with apple stock.
Bill Maher doesn’t know what the hell he’s talking about
Maher is the anti-Rogan: non-curious, obnoxious, condescending, never listens to guests. Just rambles high on whatever his opinion on a topic is.
It would have been great when Mark said you don't own the physical gold, if Bill had some gold bars and he whipped them out from a vault or something and been like now what.
And then Mark can say alright how easy is it and how much does it cost to send that 30LB bar from Cali to UK?
@@asmusndsu Well a pound of gold is worth right this minute about $22.4k, so that means that 30lbs of gold is worth approx. $672k. To ship 30lbs of freight from the US to the UK is less than $500. I'd say that is easily worth it. At the end of the day you would still have $671.5k of gold once received. Once you receive an instant transfer of bitcoin, you just have pixels on a computer screen.
@@willlazenby1050 I’m not trying to say it’s bad to own gold I think gold and BTC both have a place. But to transfer value ide rather use the vehicle that is nearly instant, free and can’t be stolen. Shipping gold still has plenty of risk of being stolen, lost, or confiscated.
@@asmusndsu its not free, and can be stolen. Every week you hear about more crypto scams. Literally all the time
@@d8l835 On chain BTC has never been stolen it only has been due to the same sort of traditional tactics that already plague legacy finance like phishing and exchange hacks.
Why would Cuban admit that something he owns for investment is worthless? Investment schemes depend on investors to talk up the worthless investment for it to work. Gold has value because of its properties, and it can be used in electronics manufacturing. It's something. Stocks are pieces of businesses. Bitcoin is just air. It's only value is hype. I personally invest in brass, copper, and lead as a hedge.
But gold doesn't fluctuate 20% a day.
Also gold doesn't fall from 60k to 16k.
Gold gives more return than inflation.
the issue is bitcoin isnt used as a currency for the most part… its one big speculative digital asset at the end of the day, its way too volatile to be an actual form of currency. Unlike owning a stock which is piece of an actual company, you own nothing with bitcoin
At 0:53, Cuban says: "If you own gold, you're dumb as fuck."
Never thought I'd agree with that statement, but after owning gold for 13 years now, and seeing that it is NOT the future of money and we will NOT be going back to a gold standard, ever....I agree with Mr. Cuban on that bit.
Forget about initial days, if this discussion is happening unconvincingly even after a decade means something. People who own bitcoin want to preach it has lot of value and people who don't own it question its value. Both are wise.
There's not a lot to "question" about the "value" of Bitcoin.... It's a con, a SCAM ...
And yet, the Cyrpto question was never discussed 😯
Best Club Random! Man they click.
I would love to hear Warren Buffett debate Mark on this topic
This video should’ve been longer. You cut mark short on the biggest point, about the Warren buffet argument. Hopefully the whole interview is somewhere.
I invite people on my podcast. But I won't let them talk. I want them to listen to me. While I'm stoned. So much fun.
Instead of asking Cuban about Bitcoin, You should ask him about XRP
No corrélation.
When it comes to investing, I've always followed the motto: "Invest in things you understand." What I understand is that neither gold nor bitcoin ever made anything. Neither has been used directly to create more value in something else. That's why I don't own either. General Motors, Amgen, Dell, Apple, Microsoft, Boston Dynamics, Kroger, Pepsi and companies like them - they either make stuff or they make stuff more valuable; real, tangible stuff that people use and assign value to every day.
Investing in Bitcoin or gold is like paying 30 cents today for a quarter in the hopes that today's quarter will be worth more than 30 cents at some point. You might as well be out there buying Euros and Kroners and hoping that at some point their value relative to the value of the currency you exchanged for them improves. Such a pointless exercise.
I don't think buying gold for the purposes of reselling in the future is the reason to own gold. You do trade it later on for more dollars, but not because gold is more valuable by its own, but rather because fiat currency gets blasted with inflationary policies and erodes your savings.
Gold is superior to Bitcoin for many reasons: First, scarcity, which keeps the value relatively in check. Second, tangible desirability, because there are always people or companies who would like to craft jewelry or build microprocessors. Third, it escapes government control, so that bureaucrats cannot play with your hard earned money. And fourth, universality, we all speak the same language when we see a shining yellow coin.
The reality is, what defines what medium of exchange is superior to the other is which one do people prefer to trade in. And people around the world have preferred to trade in gold, and this consensus developed organically. I have never met anyone willing to trade in Bitcoin. You could convince someone to accept gold as payment much easily than to convince them to accept Bitcoin. That's why crypto bros are so desperately promoting their currencies, because otherwise their currencies are worthless.
@@devilmansanchez First there is a world where both exists. Gold is not a good medium of exchange outside your immediate community. Try sending a bar of gold across seas. Scarcity? No one truly knows how much gold is in the earth you can see any second how much Bitcoin will ever exist at any moment. As far as security ask anyone who has had their gold jewelry stolen let alone confiscated by the government in the 30s. As far as producing something, the largest decentralized computing network and a digital remittance vehicle that blows the pants off existing legacy systems like SWIFT, Visa etc.. seems like something valuable
Punch then all our
Humans organise themselves around ideas. Don’t forget this.
@@hipsonsogbo Humans organize themselves around the availability of raw materials and resources. This explains why there are no Nation Capitals on the planet that aren't near a water supply (that's just one example).
Thumbnail looks like Cuban is waiving a tiny little finger in Bill’s face
List of Guest I would like to see on Club Random 2023. #1 Joe Rogan #2 Theo Von #3 Dave Chappelle #4 Cheech and/or Chong #5 Tom from Myspace #6 Philip Defranco (RUclipsr) YOU ARE AWESOME, it has been amazing watching your career on TV and video go from held back on Politically Incorrect to Club Random... from caged to free! O and you should also have Dennis Miller on Club Random too...)
Bald and bankrupt from you tube
Whatever happened to Dennis Miller? Last I heard of him was the two months or so before he came to town in 2008 and every day when I'd get ready for work the radio would play the ad spot of him telling the joke "here's my take on tank tops: If you're built like a tank, don't wear the top." Dennis Miller, live at the wherever, tickets on sale now! Heard that a million goddamn times, then it seems like I never heard from Dennis again.
00:53 was not expecting that lol Mark came in swift
People here seem to forget, Bill is more than likely stoned to some degree or high on booze. Or BOTH. THATS why this is so much different from Real Time.
Great clip Bill. If this is indicative of the rest of this interview I'll pass. I'd love to interview you about something I know nothing about then proceed to talk over anything you say with my uninformed opinions about it. How have you been a talk show host for over 20 years yet still don't know how to have a conversation?
Bitcoin is limited to only ever have 21 million of them being created. That's literally the only thing that gives it value. If you put gold and bitcoin at 1:1 parity in value:
1 BTC = 319 oz of gold.
Above ground gold: 190k metric tons (6,702,100,000 oz)
6,702,100,000 oz Au / 21,000,000 btc :
so, 319 oz = 1 btc
gold spot price= $1820
$1820 x 319 oz = $580,580 :
so, 1 btc = $580,580
What is "a form of investment in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones"?
Water and clean are the two most valuable commodities.
Lately Bill does a lot of that: Invites a person who knows something about something Bill doesn't and then he just talks over them. One day he will be educated on BTC the same way he was educated on traveling to Mars by Neil de Grasse Tyson.
Hello , I am interested in finding out more about something you have knowledge and experience with...... well , not really I just want to give my opinion. 😆 Bill has some great guests and I enjoy them.
Was excited to start watching some of these, but the guests aren't allowed to speak.
Gold you can still trade when the power goes out. No internet, no power, no bitcoin
The power companies across the United States actually use Bitcoin to fund subsidarities to lower the price of power for everyone. The power company gives power to miners at a discount to turn on or off the miners based off of the electricity demand in the region and profit share driving electricity costs for everyone down and monetizing excess energy that otherwise would have been wasted. It's actually improving energy consumption and saving energy and creating wealth in the process.
Watching Bill interview people nowadays reminds me of when Christopher Hitchens used to go on Hannity or Scarborough and would eventually interject to say "You should ask me on more often to tell me your opinions". Apart from when Bill has Netanyahu on of course when hel shuts up and lets his buddy do a free party political broadcast. Bill is spent.
Bill invites guests so that he can hear himself talk.
I don't realy know Bill but I feel like I wont be exploring his other content any time soon
move any sort of money via wire and it's easy to see how corn has a use
Good god, Bill...let your guests speak!!!!!!!!!!
What I have realized with the rise of podcasts where you get to hear from so many different intelligent voices is that a lot of talking heads from the legacy media era like Bill Maher sound convincing but do not really know what they are talking about. If Bill were not already famous and went into podcasting with his view points nobody would watch him as he talks out of his butt most of the time.
Look at me, i don't understand a tech.. so im going to hate it
Okay replace “gold”, with our trust that the federal reserve will promise to pay that 20.00 bill you have in your pocket. Alright, continue arguing.
The only regular people who made money off Bitcoin were people who forgot that they had Bitcoin
You can say the same about gold or stocks.
@@synewparadigm
People don't make money off gold...because gold IS the money. Gold is what you buy when your investments turn a profit
Cuban makes a good point
People “for” Bitcoin never talk about Blockchain, which is a damn shame.
"Storer of value" LOL, sure does not look like it now. Better pray the FED drops interest rates to 0% again and the government mails out more check.
Major countries are buying gold at record rates, not bitcoin
All large financial institutions are buying Bitcoins.
If I was going to invest in gold I'd buy up a ton of gold wrapped Salt Bae steaks.
At least you could trade it as food when the $hit hits the fan.
Mark Cuban won this debate hands down.
"As long as I keep interrupting, I am right." ?
“The value of a stock that doesn’t pay a dividend is worth whatever someone will pay for it”. Hello buybacks? What? Shark tank lineup gives the worst worst worst investment advice.
They both said exactly what they truly thought about Bitcoin. If it wasn’t the answer you liked, you didn’t hear them talk. Cuban said Bitcoin was better than gold for investing, but also said gold was for stupid people. Also said it’s just for balancing his portfolio. Basically, it’s not as great as people think it truly is.
Bill said it doesn’t produce anything and Cuban said neither does gold.
The difference is if BC takes a hit Mark is still a billionaire while many not as fortunate may move into their mommy's basement.
Gold produces many things, the most interesting of said things is the electronics and tech that is necessary for crypto to even "exist"
Bitcoin is a pump and dump worthless penny stock that already has blown over and now its the slow drift to zero. Particularly now with high interest rates
Gold is used in electronic, ironically bitcoin wouldn't exist without gold and its intrinsic value in electricity conductivity. Gold has value beyond simple trading.
Confirmed that a billionaire can also be a moron
Cuban- “what are you gonna do, shave off some gold” - maybe you should ask the Venezuelans who are doing just that to trade - food/clothes, etc. can’t shave off bitcoin!
Tbh I don’t think much of crypto but bill Maher is such an old man sometimes 😂
Maher went from being a Catholic boy to an atheist man to an old Jewish guy.
He is number one in USA only trump had bigger d
Cuban is absolutely wrong calling bitcoin a store of value. Actual stores of value do not have massive downward swings in their value. Bitcoin is far too price volatile to be considered a store of value. Pretty basic concept that Cuban doesn’t understand.
I disagree with Mark on this. Gold has one thing all these other standards don't, and thats the PHYSICAL beauty of gold. That's what gives it it's value. Bitcoin is digital and doesn't exist..
Most of gold's value, probably 90% or so derives entirely from the chimpanzee part of the human brain that likes shiny things. If we ever got past that, gold would still have a real value because it does have industrial uses, but it's "real" value in that sense would be a few hundred an ounce at most.
Bitcoin has zero value unless the next sucker in line is willing to buy it off you for the same or more as you paid because they believe it will only ever go up. In theory it could have some modest value if it were used as a currency, but almost nobody does that. It's a speculators asset, and partly for that reason, it is useless as currency. Even if that weren't the case, it's transaction times and costs, especially energy costs, absolutely suck.
Every time i watch a video of how earth looks like from outer space...
I say to myself: WTF are we doing as society. What a mess!!!!
People that do not understand Bitcoin are people that do not have put enough time to understand.
How many people actually own gold bars? Metals people own coin/rounds which can be used on the market and you hold physical metal. What's cuban is talking about is digital gold. It has as much value as Bitcoin.
I physically own my metals and have them extremely secured and only 2 others know where they are and how to access them,
If someone offered you an ounce of Weed or an ounce of Gold and said you couldn't sell either. Which one would you pick?
I think the Bitcoin bubble is a financial crisis waiting to happen, but nothing screams "I am a moron" like smoking a cigarette.
Bill quit talking so the guest can actually answer the question
gold has hardly moved in the last 30 years. not a good investment or hedge against anything. not easy to move or sell.
It's good in certain circumstances. If you live in some bullshit country like Venezuela or Zimbabwe where inflation can run 30,000% a month or something crazy, having gold and silver can be a life saver - if you can secure it somewhere where bandits and the government wont get it. On the other hand just owning dollars or Euros in banks outside the country will work as well.
I suspect property will have the same issue over the next 30 years
Have you ever looked at a gold chart? Gold has gone up six fold in the last 20 years. I made a nice chunk of change on gold miners. As an inflation hedge, gold has more or less held it's value. Bitcoin has lost 75% of its value and most owners are now in the red.
BSV is the real Bitcoin. That's the fastest, most efficient unbounded public registry that can meet the needs of governments, businesses and enterprises today with unparalleled scale and stability.
We should base currency on Maher's ability to interrupt people.
Bill, it does need to be tied to something gold oil something otherwise these guys will print this paper money into oblivion so you do need an anchor. Gold happens to be a good anchor whether you like it or not we need an anchor choose something but you need to choose an anchor, and gold is as good as anything.
Agreed every true fiat system has failed in history, in fact the average lifespan is less than a few decades. Gold isn’t perfect but the closest thing we’ve found before BTC was created. Although the big misconception that most people get wrong about gold is industrial use-cases are actually counter to being a preservation of a value. Industrial use encourages supply inflation which devalues the commodity (why silver is significantly cheaper). The fact that gold is as scarce as it is, is the only reason it’s stood the test of time. But again not perfect
Bitcoin is a scam, unless you had it when it was worth a dollar, and sold it to some fool when it was worth 40k
With that logic then Apple, Amazon, Netflix, Tesla etc… stock is also a scam
@@asmusndsu those actually have a value product. Even though their valuations are often over exaggerated. The problem with the stock market in general.
@@kevinbossick8374 So why does that problem exist then?
@@asmusndsu why? To get peoples money.
Every business is a scam. I smash iphones in new York city daily
Mark Cuban has no idea that BSV is the real Bitcoin. He should read the white paper. Bitcoin was never meant to be store of value. Bitcoin SV is Turing complete with unbounded scaling which would allow to improve the plumbing of the internet with payment channels. BTC has 0 value.
lol he said don’t buy gold buy crypto, what an looser, he is just protecting to know what he is saying or has a narrative for crypto.
Trump even knows this and he is really low IQ. Only buys real estate from losers
Mark made zero points about Bitcoin lmao
Bill "Free Speech" Maher not letting someone else getting a word in edgewise as usual.
Energy is value. Whatever can hold the value of energy has value. Truth is, anything that you get more value out of than put in is better than "Storage". A vending machine that you own has more value than gold or bitcoin because it makes money. "You" have more value than gold or bitcoin. Bitcoin and gold are for people who are trying to park value until they find a better place to put it. Put money in yourself. Learn a trade, get a CDL a pilots license or a degree in business then use your money make more money. Dont park anything.
Crypto explained in 2 words. Ponzi Scheme.
Not a single reason given why Bitcoin has intrinsic value. Why? Because it doesn’t have any. Like none. It’s not backed by anything other than perceived value.