The VoB is a dialogue event that brings together skeptics, advocates, entrepreneurs and inquisitive decision makers. It is a platform to discuss the potential benefits and pitfalls of Bitcoin. Nobody knows how this socio-economic experiment will pan out but there are many who have strong differing opinions about it. The goal is to get a comprehensive understanding and enable all attendees to make well-informed decisions about Bitcoin related to their profession.
Get the essence of the current discussions and look deeper than mainstream information.
Roy has has my attention for over a year now … i Take a break them listen read again along with Bit and Roys Arguments make common Sense to me … Hope everyone finds theoretisch way safely and happily
The date this was uploaded: May 17, 2020 Bitcoin price 5/17/20: $9,400 Bitcoin price 3/17/24: $65,000 Bitcoin up 691% Gold price 5/17/20: $1744 Gold price 3/17/24: $2156 Gold up 23.6% You would be 3000% better off with bitcoin than with gold if you took action after this was published.
3 years on, and only 7,522 views? What this tells me is that not only do most people not understand Bitcoin, but most Bitcoiners don't understand Bitcoin. And that's a pity, because this is probably the most profound introduction to Bitcoin that I have ever seen: everybody should study it, and keep on studying it until it really sinks in.
If the public had the opportunity to have an account with the central bank and get a more robust form of their national currency in digital form, who would keep their money in a commercial bank? The minority, I would say. So as a consequence, CBDC would jeopardise today's commercial bank business model of money creation. Is that really what central banks want?
Loved how Roy wanted to look like a grownup by smoking a cigarette, while it’s clear that he smokes once a year. 😂 I found it a bit theatrical. That being said, I think Roy is a wonderful thinker. Thanks for putting this together.
Bitcoin can never provide a completely secure, intimate, untraceable one-on-one exchange. Because of that, coercive governments can and will control its use. Physical money is the only way to have a solid foundation of economic freedom. Bitcoin will have its place though.
huh ?! Alex de Vries is WRONG and useless (excluding hyping on Hirsch indexing tops). Banking is inefficient - Banking and FinTech consumption is close to 15% of world electricity. Only ATM/POS Machines is consuming 25x over all mining including bitcoin. Banking PC/Servers are not efficient by power, there year no optimization, Baking offices is 🙂 during years bitcoin decreasing power consumption & Banking - increasing power consumption, no talk about efficiency at all.
Wow, great presentation! It’s mind-blowing to watch you make the case and scientifically explain why Bitcoin isn’t just magic internet money but element 0 in the periodic table. I mean, imagine you’ve got a money that is a commodity that exists everywhere in our universe because of simple physical principles. Even alien societies would understand and recognize its value.
Alex de Vries should be nominated for an oscar in stupidity. This self-proclaimed expert should focus on Christmas lights to improve his non-existant credibility.
The cryptocurrency’s wild price swings are fertile territory for momentum day trading. the questions investors/traders ask themselves now is what is the *solution* to gain or recover from this market dip. before jumping into conclusion i think one should evaluate things first. for weeks the price of cryptocurrencies have been fluctuating which means the market is currently unstable. while others are being patient and waiting for price to skyrocket, i continue to take advantage of the market by using copy trading system from a US regulated trader, Marcus Chun. My crypto portfolio is currently up at 6.4 BTC, 25% higher than my old balance. it all depends on the pattern with which you trade and also the source of your signals. No one can see the future thats why emphasis should be laid on day trading. trading crypto has made so much impact to many and am proud to be one of this process..
Great idea, exactly what I'm personally planning on doing now the market is down. i know about crypto trading but can't quite wrap my head around it. pls fix me up with marcus..
I'm very glad I stumbled on this info today. i’ll surely reach out to him and start learning the right way, tired of loosing from trades and price drops.... 🤕
This is a fundamental difference in views of what money is and what it means to be money. Saif believes money can be a digital scorecard tally where Roy believes money actually has to be valuable in and of itself to store the value into the future. Saif is hung up on the medium of exchange part of money and fundamentally misunderstands the store of value function money has to have. Roy is correct here. Saif unfortunately doesn’t have the attention span to absorb any of the lessons that got sent his way…..attention deficit disorder + cognitive dissonance.
@@iulianserban10 This is a major sticking point people make against gold. You need to understand that gold's industrial applications have been substituted because of it's history as money. It is significant that any form of money have a stable above ground supply, i.e not consumed. Substitute gold with any of the other noble metals , Rhodium, platinum, palladium , silver all of which are intrinsic stores of value as industrial metals , are resistant to decay and entropy and are precious rare materials. Oil is far closer to a store of value money. Bitcoin is a superior form of currency than fiat but is nothing resembling money.
How did you get to the conclusion that BTC does not represent a store of value ? if we look at the timeslot 3 years ago when this interview took place versus today, BTC is up over 150% in value. Gold is much less. So how come BTC is not a store of value ?
I think people should just be discussing the technology behind bitcoin and whether it actually works. The problem is as more transactions are required more GPU/bitcoin mines are required but the potential to mine a bitcoin goes down as more bitcoins are mined meaning there is no incentive to run a GPU mine unless the price of Bitcoin continues to exponentially rise year after year to infinity. If at any point the price of bitcoin stops rising, mining bitcoin will mean you run your operation at a loss or transaction fees will have to rise astronomically to make up for it since no more bitcoins can be awarded. Either way bitcoin is going to hit a wall when miners no longer profit from running the network, people stop buying it with USD, the transaction fees become too high and people left on the network aren't going to be able to use it. At that point and it will go away.
The "incentive for rogue mining" always royally underestimates the incentive of nations and central banks to undermine the system. It's always viewed upon from a game theory perspective of "you own bitcoin and mining hardware and put a lot of money into it, therefore you are disincentivized to rogue mining" instead of "I can throw as much "money" at mining hardware as I want to destroy the system, because my incentive IS to destroy the system, which is MUCH more valuable than those bitcoin or mining rigs".
Hermsdorf eloquently lifts monetary economics in the sphere of quantum mechanics. Very impressive! This might also be of interest: Faust, Part II - how Mephistopheles invents paper money. (Hans Christoph Binswanger: Money and Magic) Peter Boehringer: Gold and Silver as natural money. ("Silber als natürliches Geld")
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