Would love to see a debate on the topic with Curtis and Michael Saylor. Although Saylor doesn't really debate people. He just has his view and puts it out there.
He seems to be assuming that people won’t continue to develop work around. A dude just 3d printed an entire gun with bullets-I believe that so long as people have computers networked together the bitcoin network will be immensely valuable.
@@todmann67 Yes, the back-bone of it, but I, the stupid end consumer, don't need to do any workarounds. Especially no workarounds that carry a risk of legal punishment if I mess something up, or leave a trace.
actually the price of gold is manipulated in exactly this way by the Wall St big boys. There was even a recent trial for a few JPM traders where the tip of this iceberg was scratched.
Most people who understand Bitcoin know to buy bitcoin and put it on a hardware wallet and to not just invest in it for profit on an exchange where you don't have access to your private keys. For this reason the Fed won't be able to just print up Bitcoin and bleed it. People are all to aware of these things and that's why Bitcoin is valuable and not just play money like fiat. Coming from a purely investor perspective you'd be buying bitcoin purely for profit but those people overlook that Bitcoin has a purpose beyond just that.
"People are all to aware of these things and that's why Bitcoin is valuable and not just play money like fiat." Maybe people like you and me might understand that... But what makes 'money' money is what people value that 'money' at/as. $100 might only take $0.02 to print; but it's 'valued' by people at $100 because it's universally recognized that you can take that $100 bill, and buy $100 worth of stuff with it. Regular people don't have that same conception with BTC. Go offer to give someone a tip in BTC instead of cash; 9/10 of the time, they won't be interested, they will say NO; even though your trying to give them free BTC. And 80% of that 1/10 that says yes, dose not really know what BTC is, or have a wallet/account set up to accept it.... Go try and buy a car with BTC.... They won't be interested in taking it. The dealer won't be interested in taking it, they don't have the means of taking it set up. And they don't have confidence that it would be worth the same amount in USD that the cars price was aggreged on. Normal people in this world are far removed from the BTC bubble verse. I've learned that already as a BTC OG.
@@tv321123 I understand what you mean but the reason for that is because Bitcoin is still new and people don't fully understand blockchain technology. At the last Bitcoin convention they announced that they're partnering with a major pos company so that many more places will be accepting btc as a medium of exchange. That's the thing though, at this point in time Btc is more of a store of value like gold. If I walk into the dealership with a block of gold they probably won't take that for a car either. Gold is more of a store of value than a medium of exchange though it used to be. It's just too heavy and hard to move around. Btc is super easy to transfer and move around an you don't need permission from a bank to do it. So I think that btc as a medium of exchange will become more popular as time goes on and people begin to understand how it works better and stop keeping their btc on exchanges and only thinking of it as a way to make profit.
Urbit is based off the same model. This dude is controlled op. He was pushing it for so long even tho JP Morgan was involved from the start. Henry Bearcroft is analyzing all the bullsht
This has to be click bait, got me I guess. First, his example at 5 minutes in just shows how low informed he is on this subject. Second, he’s severely underestimating all the Bitcoin billionaires. The government are people and can be bought people. There’s a reason Sam Bankman Fried said he’s going to invest up to a BILLION dollars in the next election(FYI the most ever was $200 mil). We already see the influence on politicians since crypto people recently started focusing on policy makers and deploying capital.
First, your response to his example at 5 minutes doesn't explain why he's wrong. Second, it's hilarious you think that a few bitcoin billionaires are going to politically outmaneuver the actual billionaires.
