Simple reason Schiff won this debate against this cuck nerd faggot.

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Simple reason Schiff won this debate against this cuck nerd faggot. Anonymous Sat Jul 21 14:08:19 2018 No.10360334 [Reply] [Original]

https://m.youtube.com/watch?v=q8R71WGO3qU&t=2237s

You actually don't even have to listen to the video and the arguments to that Schiff won. You could watch it on mute.

The reason Schiff won is because he knows his shit and didn't need to have notes and cue cards to explain his point like that autistic faggot voohrees had to do.

That's all. Fucking moron comes to a debate and has to read off cue cards to try and make his arguments. That's when you know you are a cuck and lost. Schiff is an alpha male Chad on stage.

>>	Anonymous Sat Jul 21 14:09:25 2018 No.10360345 >>10360334 >>10360334 >>10360334 >>10360334 find OP and turn him inside out find his family and do the same

>>	Anonymous Sat Jul 21 14:10:13 2018 No.10360352 schiff is right, there is nothing behind crypto

>>	Anonymous Sat Jul 21 14:10:51 2018 No.10360363 >>10360352 >>10360352 >>10360352 >>10360352 don't stop at his immediate family, find all relatives

Anonymous Sat Jul 21 14:14:53 2018 No.10360409

>>10360334
>muh USD used to be real money when it was backed by gold!

Stopped watching there. Gold is just as arbitrary a scarcity mechanism as anything else in the universe. Probably worse than most things since didn't we just discover a quadrillion tons of diamonds underneath the earth's crust last week? And goldbugs think gold won't suffer the same fate as we get better mining tech, either terrestrial or asteroid mining? BTC isn't "real" but at least its scarcity model is mathematically provable which makes it infinitely more useful as a long-term stable store of value and, yes, currency than fucking gold.

Admittedly Voorhees is a pantswetting little manchild though, what a terrible crypto ambassador.

>>	Anonymous Sat Jul 21 14:15:27 2018 No.10360417 >bla bla faggot bla bla bla faggot bla cuck bla alpha male Chad You're a closet homosexual aren't you, OP?

Anonymous Sat Jul 21 14:23:34 2018 No.10360531

>>10360334
Not only that, but 90% of Voorhees arguments are just jokes to appeal to the crowd who is obviously comprised of bagholders
also
>Schiff says his son bought Bitcoin
>WOOOHOOOO YEAH
>"well don't be too happy cuz he sold it at 19k"
>BOOOOOOOOOO
fucking kek'd

>>	Anonymous Sat Jul 21 14:28:48 2018 No.10360587 File: 291 KB, 1147x1200, Biggie.jpg [View same] [iqdb] [saucenao] [google] Do you guys think its a good idea to invest in alternative currencies when the dollar goes to shit like Schiff is predicting?

Anonymous Sat Jul 21 14:28:49 2018 No.10360588

>>10360334
>You actually don't even have to listen to the video and the arguments to that Schiff won. You could watch it on mute.
>The reason Schiff won is because he knows his shit and didn't need to have notes and cue cards to explain his point like that autistic faggot voohrees had to do.
god DAMN you're a fucking moron. anyone who listened and understood would realize this "debate" wasn't even close. and that Peter Schiff is a fraud with average intelligence who inherited money and now sells rocks.

>>	Anonymous Sat Jul 21 14:30:39 2018 No.10360605 >>10360588 >"debate" exactly it was completely pointless of Schiff to speak

>>	Anonymous Sat Jul 21 14:31:15 2018 No.10360610 >>10360334 Winning arguments vs cuck nerd faggots ain't that hard in the first place. Voorhees is a corrupt neocon puppet like the rest of the digital cunts group

Anonymous Sat Jul 21 14:31:19 2018 No.10360612

>>10360334
I saw something completely different.

Schiffs whole argument is basically:
Gold has a long trackrecord. Fiat = gold.

Voorhees argues that BTC is a fundamental new technology that carries with it, fundamental benefits.

The reason i would lend weight to Voorhees reasoning would be determined by the fact that there have been forms of money before gold, Originally, money was most likely a form of reciprocity. - this makes it safe to assume that money will take renewed forms after gold.

It surely doesn't help that shiff actually sells Gold. Making it hard for him to argue in good faith, evidenced by the silly jokes cracked on occasion.

I would def not call schiff an alpha, but rather the old order that can't accept whats coming.

>>	Anonymous Sat Jul 21 14:31:29 2018 No.10360613 >>10360334 How is that short working out for you, poor bastard? You know you can't affect prices by bitching here on biz? especially btc? You want us to comfort you in your decision?

>>	Anonymous Sat Jul 21 14:34:34 2018 No.10360636 >>10360612 >Schiffs whole argument is basically it's not, just shows you are a cultist who refused to listen >It surely doesn't help that shiff actually sells Gold and Voorhees is the CEO of ShapeShift

>>	Anonymous Sat Jul 21 14:36:50 2018 No.10360654 >>10360636 you and your kind won't be tolerated in the future realize this fast

>>	Anonymous Sat Jul 21 14:40:36 2018 No.10360689 >>10360654 nice argument zoomer, your internet pokemon bucks are worth nothing and no mental gymnastics will ever change that

>>	Anonymous Sat Jul 21 14:41:47 2018 No.10360702 File: 13 KB, 495x158, uh.png [View same] [iqdb] [saucenao] [google] >>10360689 >worth nothing what did he mean by this?

>>	Anonymous Sat Jul 21 14:44:08 2018 No.10360728 >>10360702 >what do you mean it's worth nothing? look how much people are willing to pay for my tulips

>>	Anonymous Sat Jul 21 14:45:58 2018 No.10360744 >>10360728 >what did he mean when he was suggesting flowers were the same as math?

>>	Anonymous Sat Jul 21 14:47:10 2018 No.10360754 Erik is a sperg engineer that builds things. = Builder Schiff is a comfy intellectual often in the public space who is much more used to these types of conversations. = Usurer I don't think anyone with a brain would care that he uses notes.

Anonymous Sat Jul 21 14:48:15 2018 No.10360763

>>10360728
>being able to send unlimited amount of money (with a fixed supply) anywhere in the world without the kikes asking me 1000 questions and putting a shitload of fees on top of it (especially crossborder) in seconds/minutes is worth nothing

literal brainlet or kike/cuck

>>	Anonymous Sat Jul 21 14:50:29 2018 No.10360791 >>10360728 >flowers = distributed ledger technology are you even human? are you A.I. just programmed to fill up space/control the narrative?

>>	Anonymous Sat Jul 21 14:51:03 2018 No.10360796 >>10360744 nah uh you can't claim crypto = math. dumb generalization. >>10360763 you are not sending money, you are sending arbitrary strings of 1's and 0's that somebody else is willing to pay for. literally air

Anonymous Sat Jul 21 14:53:20 2018 No.10360824

>>10360796
>you are not sending money, you are sending arbitrary strings of 1's and 0's that somebody else is willing to pay for. literally air
guess what you're sending when you wire a transfer to someone, you think a bunch of banknotes are getting pushed through the pipes across the world and jump out on the receiver's end?
it's all numbers you retard, and I would rather trust numbers that are transparent, methematically secure, with fixed supply and no kike controll

>>	Anonymous Sat Jul 21 14:53:21 2018 No.10360826 >>10360791 lmao why did you delete your comment? >flowers = distributed ledger technology never did I claim that. are you too dumb to understand what I implied? do you want me to spell it out for you?

>>	Anonymous Sat Jul 21 14:53:27 2018 No.10360828 >>10360796 Your post is just 1's and 0's aswell. It's stored in a database right now, as will my reply get stored in one and exist as data in a hierarchical and finely organized structure. Our are posts not real?

>>	Anonymous Sat Jul 21 14:54:11 2018 No.10360835 >>10360796 >that somebody else is willing to pay for and that's the end of the discussion, what more is there to discuss?

>>	Anonymous Sat Jul 21 14:55:14 2018 No.10360846 >>10360826 >never did I claim that >look how much people are willing to pay for my tulips A.I. isn't quite there yet, huh?

Anonymous Sat Jul 21 15:01:05 2018 No.10360906

>>10360824
>transparent
you want everyone to see what you do with your money?
>methematically secure
bank transfers are mathematically secure too. they are even more secure than crypto transfers. say goodbye to your money if you put the wrong address by accident LOL
>with fixed supply
artificial supply
>no kike controll
ahh now I see you are just a nigger

>>10360828
Yes but they are not arbitrary, they actually represent letters that I can read.

>>10360835
right, so it's just a speculative bubble

>>10360846
you are STOOPID holy shit

>>	Anonymous Sat Jul 21 15:04:59 2018 No.10360945 >>10360906 I just think "you've" been badly programmed

>>	Anonymous Sat Jul 21 15:05:30 2018 No.10360951 how do i short gold

>>	Anonymous Sat Jul 21 15:06:02 2018 No.10360957 >>10360906 you're arguing AGAINST math mathematically, that makes no sense you're either retarded, a kike, or beta A.I.

>>	Anonymous Sat Jul 21 15:07:07 2018 No.10360966 >>10360334 voorhees is pretty alpha with a hot wife tho

>>	Anonymous Sat Jul 21 15:07:41 2018 No.10360974 >>10360951 Buy a gold short etf

Anonymous Sat Jul 21 15:08:24 2018 No.10360983

>>10360906
>you want everyone to see what you do with your money?
not neccessarily, but if the government wants to see my transfers I want to see what they do with let's say taxpayers money, when, why and how much money do they print
it's either transparency both ways or no transparency at all, and you can still use monero

>bank transfers are mathematically secure too. they are even more secure than crypto transfers. say goodbye to your money if you put the wrong address by accident LOL
no one said crypto is for brainlets right now, but there will be solutions that are fool-proof in the future with more advanced wallets, say good bye to your bank money when the economy goes belly up "LOL"

>artificial supply
no arguments then, I see

>ahh now I see you are just a nigger
no, I'm just not a cuck who sits happy playing a rigged game in which money gets taken away from him and printed from thin air from the other player

Anonymous Sat Jul 21 15:13:18 2018 No.10361037

>>10360531

Schiff was on the JRE a few days ago. He said that before and after the debate, there was a vote about how positively people felt about crypto becoming a mainstream money or some shit like that.

Schiff said that the crowd was stocked with crypto enthusiasts who deliberately voted against the idea before the debate, just to vote in favor of it after the debate to make Schiff look bad.

Anonymous Sat Jul 21 15:14:46 2018 No.10361049

>>10360612
OP thinks that body posture and who grunts the right way is more important in a debate than an individual's logical arguments. He's the reason that modern political "debates" are nothing more than a pathetic joke, most can't analyze actual arguments.

>>	Anonymous Sat Jul 21 15:15:32 2018 No.10361056 >>10360612 The fact that Schiff runs a gold business does not invalidate his arguments, just as Voorhees arguments are not invalidated by the fact that he runs a crypto business.

Anonymous Sat Jul 21 15:18:22 2018 No.10361088

>>10360983
> but if the government wants to see my transfers I want to see what they do with let's say taxpayers money
fair point but it has nothing to do with crypto, you don't NEED crypto to do that

>but there will be solutions that are fool-proof in the future
that's a cope out. "dude don't worry about problems there's just gonna be solution in the future"

>no arguments then, I see
crypto has artificial supply. you can fork and create new cryptos out of thin air, and it's literally just code that can be changed. you can't change the amount of gold in the universe, for example.

>rigged game
see that's the thing. you and most zoomers always assume everyone is out to get them without realizing the current system has been developed up to this point through trial and error for thousands of years, and if it was really that bad it wouldn't exist in the first place because people will literally feel it in their everyday life. you just want to throw out thousands of years of progress for your internet money for no fucking reason other than "JOOS". how is that not being a nigger that cries about the whitys? fucking grow up

>>	Anonymous Sat Jul 21 15:20:01 2018 No.10361106 >>10361037 It was obvious, just listen to the crowd. Even the commentator was obviously in favor of crypto. Aside from that one boomer who asked a question in the Q and A everybody else there was biased towards crypto.

Anonymous Sat Jul 21 15:20:32 2018 No.10361113

>>10361037
>Schiff said that the crowd was stocked with crypto enthusiasts who deliberately voted against the idea before the debate, just to vote in favor of it after the debate to make Schiff look bad.
leave it to shiff to come up with a conspiracy
>>10360334
both sides are retarded. FIAT is king, like it or not.

>>	Anonymous Sat Jul 21 15:20:54 2018 No.10361115 >>10361088 the average lifespan of a fiat currency is 27 years Blockchain will never go away

Anonymous Sat Jul 21 15:22:33 2018 No.10361132

>>10361049
Except Voorhees' arguments were full of air, just like the cryptos he defends. But I can't expect crypto cultists to listen carefully when they are biased right from the start. Also, Schiff remained cool and lighthearted for the entire debate whereas Voorhees was visibly being passive aggressive.

>>	Anonymous Sat Jul 21 15:22:37 2018 No.10361134 >>10360409 >Once we have Star Trek level technology, gold will be worthless. >BUY BTC now instead!

>>	Anonymous Sat Jul 21 15:24:12 2018 No.10361147 >>10361134 this /thread

>>	Anonymous Sat Jul 21 15:25:33 2018 No.10361154 >>10361115 >The average life expectancy of humans in the bronze age was 26, Therefore it's always 26

>>	Anonymous Sat Jul 21 15:26:08 2018 No.10361160 Schiff is just a man who has been JUSTED so hard he has become JUST himself

>>	Anonymous Sat Jul 21 15:26:26 2018 No.10361162 >>10360409 Gold is real money stupid. Why the fuck do you think you are in crypto to begin with? Because the dollar is dying because unironically it isn't backed by gold. You could fucking make it 60 years ago as a bus driver on a gold standard.

>>	Anonymous Sat Jul 21 15:26:30 2018 No.10361163 >>10361154 what >>10360957 said

>>	Anonymous Sat Jul 21 15:26:46 2018 No.10361168 >>10360796 >you are not sending money, you are sending arbitrary strings of 1's and 0's that somebody else is willing to pay for. literally air How the fuck are people in this space still using this argument?

Anonymous Sat Jul 21 15:28:02 2018 No.10361180

>>10360588
Those "rocks" are real savings you dumb fuck.

You retard millenials don't even understand gold is SAVINGS. That's how fucking stupid you are. To be fair tho boomers don't understand this either since the Jew infected them.

But 80 years ago every American knew that gold was money and savings.

>>	Anonymous Sat Jul 21 15:28:51 2018 No.10361193 >>10361180 >https://bullion.directory/cern-scientists-create-230m-dollars-gold-in-lab/ gold can't be money anymore

>>	Anonymous Sat Jul 21 15:28:56 2018 No.10361195 >>10361163 I'm not arguing against math, I'm arguing against willingly ignorant greedy fucks >>10361168 Because it's true

>>	Anonymous Sat Jul 21 15:29:23 2018 No.10361201 >>10360334 I hate Vorhees. Crypto would be much better without him.

>>	Anonymous Sat Jul 21 15:29:58 2018 No.10361206 >>10361049 My point is voorhees can't even make arguements without notes and doesn't understand what he's talking about, so he has to make notes

>>	Anonymous Sat Jul 21 15:31:11 2018 No.10361221 >>10361162 >Gold is real money stupid >real money >cant use it as payment of taxes therefore not real money

>>	Anonymous Sat Jul 21 15:31:17 2018 No.10361222 >>10360906 kikes are so afraid of losing their monopolistic power on money that now they hire nobodies to shill their shit on an anime website.

>>	Anonymous Sat Jul 21 15:32:03 2018 No.10361237 File: 47 KB, 633x640, 0cc.jpg [View same] [iqdb] [saucenao] [google] >>10361134 >he doesnt know we have star trek level technology in unacknowledged special access programs what a sad world you live in gramps

>>	Anonymous Sat Jul 21 15:32:14 2018 No.10361239 File: 107 KB, 552x800, 1527442427622.jpg [View same] [iqdb] [saucenao] [google] >>10361222 >wanting volatile monetary policy

>>	Anonymous Sat Jul 21 15:32:25 2018 No.10361241 >>10361206 it's called professionalism it's why Schiff sounded like an idiot (I could only stomach a few minutes of his word vomit)

Anonymous Sat Jul 21 15:32:46 2018 No.10361243

>>10360612
So what is Schiff sells gold? That's a stupid argument.

What? I'm not going to buy BBQ from some nigger BBQ joint because he's trying to sell me it? So instead I'll just starve myself?

Everyone everywhere is selling something.

And it's not like Schiff needs to shill gold since gold has been money for THOUSANDS of years already. And it least he's selling you real money.

>>	Anonymous Sat Jul 21 15:32:49 2018 No.10361244 >>10361222 not an argument.

>>	Anonymous Sat Jul 21 15:33:56 2018 No.10361260 >>10360334 hey i watched these two guys debate a very long time ago fun they had a new debate gonna watch

Anonymous Sat Jul 21 15:34:31 2018 No.10361270

>>10360409
>didn't we just discover a quadrillion tons of diamonds underneath the earth's crust last week?
the difference is that to make diamonds you just need to take coal and crush it under lots of pressure
to make gold you have to explode a fucking star
that's why it's considered rare and valuable

>asteroid mining
by the time we get to asteroid mining, BTC will be placed in the "stupid shit that people did 500 years ago" article in the popular science magazine

>>	Anonymous Sat Jul 21 15:35:15 2018 No.10361279 >>10361243 >gold since gold has been money for THOUSANDS of years already ironically the past before central banking has horrible history of monetary policy

Anonymous Sat Jul 21 15:37:08 2018 No.10361299

>>10361088
>fair point but it has nothing to do with crypto, you don't NEED crypto to do that
and how are you gonna do that? kindly ask your government to stop wasting your money on gibs and funding israel? a blockchain is needed and there is no decentralized blockchains without cryptocurrencis (monetary incentive)

>that's a cope out. "dude don't worry about problems there's just gonna be solution in the future"
how is that a cope out. This tech is still largely in development but let's say it will never be fool-proof for the sake of the argument. The difference between crypto and FIAT is that NO ONE is forcinganybody to use crypto, if you're too scared to copy and paste or scan and check an address then it's not my fault. Free market will decide.

>crypto has artificial supply. you can fork and create new cryptos out of thin air, and it's literally just code that can be changed. you can't change the amount of gold in the universe, for example.
go and fork bitcoin then, let's see how many people will care.
It's like saying that Facebook's stocks should be 0 right now because you can create an identical platform right now. Have fun with your gold when the governments already hold most of the supply, or enjoy when they discover some sunk ship with a shitload of gold in it.

Anonymous Sat Jul 21 15:37:12 2018 No.10361301

>>10361221
Do you realize when you buy gold.... your not really buying anything? You are actually just transferring your Jew fiat debt notes to real savings, you know that right?

Your acting as your own bank.

Doesn't matter if the stupid kike govt doesn't officially recognize gold as money anymore. It's still fucking real money because it's REAL SAVINGS! YOU CANT LOSE!

Your literally in crypto because inflation is destroying the currency because it isn't backed by gold anymore.

And then you blame the Jews for fucking the economy up and you don't even realize it's because they took us off a a gold standard.

You guys laugh at 10% boomer stock market returns decades ago. Well guess what? On a gold standard 10% returns a year was like 100% returns in crypto today because prices were low back then because we were on a gold standard.

Anonymous Sat Jul 21 15:38:11 2018 No.10361317

>see that's the thing. you and most zoomers always assume everyone is out to get them without realizing the current system has been developed up to this point through trial and error for thousands of years, and if it was really that bad it wouldn't exist in the first place because people will literally feel it in their everyday life. you just want to throw out thousands of years of progress for your internet money for no fucking reason other than "JOOS". how is that not being a nigger that cries about the whitys? fucking grow up

>trial and error
basicly boild a frog gradually so that it doesn't realize what's going on.
>muh progress
>muh advanced societies
while people wageslave more than at any point in history with work productivity being at ATH.
Keep drinking the koolaid hoping that mr Noseberg will have an interest to not keep you wageslaving as long as he can

>>	Anonymous Sat Jul 21 15:38:51 2018 No.10361324 File: 189 KB, 1440x1080, 57299766-C002-4840-90A9-49405DB597D5.jpg [View same] [iqdb] [saucenao] [google] >>10360796

>>	Anonymous Sat Jul 21 15:39:33 2018 No.10361333 You NEETS aren't even able to identify the actual problem.... which is RISING prices and SKYROCKETING living costs. And that's happening because gold doesn't back the currency. How the fuck does crypto stop prices from going up you morons?

>>	Anonymous Sat Jul 21 15:41:19 2018 No.10361350 >>10361301 >real savings gold is a commodity, its not money anymore. quit dreaming.

>>	Anonymous Sat Jul 21 15:42:21 2018 No.10361368 >>10361333 >he doesnt know money is neutral in the long run you are just exposing your lack of knowledge at this point, goldbug

Anonymous Sat Jul 21 15:45:02 2018 No.10361405

>>10361270
>by the time we get to asteroid mining, BTC will be placed

we are decades away from full fledged asteroid mining, not centuries. if you thought the last century had an insane surge on technological progress, you aint seen nothing yet. 2100 will be completely inconceivable to people alive today

Anonymous Sat Jul 21 15:46:03 2018 No.10361417

>>10361299
That guy is a retard. He says you can create crypto from thin air. I can create any website clone as well, and people sell clones. Doesn't mean someone is going to use mine over the big brand one. What a dumbfuck. His arguments are absolute shit.

>>	Anonymous Sat Jul 21 15:46:37 2018 No.10361423 what voorhees is saying at 11:00 is very interesting, because right here he is talking about the only hope gold had, and the only way gold can beat bitcoin

Anonymous Sat Jul 21 15:48:28 2018 No.10361448

>>10361299
>kindly ask your government to stop wasting your money on gibs and funding israel?
that's not a /biz/ issue anymore, you're getting into politics

>The difference between crypto and FIAT is that NO ONE is forcinganybody to use crypto
and if crypto replaces fiat then you will be forced to use crypto, so what's your point?

>if you're too scared to copy and paste or scan and check an address then it's not my fault. Free market will decide
You can't just dismiss people's fault. Not everyone is a perfect 140 IQ autist. When people will keep losing money on stupid shit like that things will have to change. At some point you will have to use centralized software to fix these issues, which means you'll have to trust a third party again so what's the point of crypto? if you think there's a different solution then tell me. saying people will just solve it in the future is a cope out of facing the problem.

>go and fork bitcoin then, let's see how many people will care.
as if BTC vs BCH is not a huge thing already

>It's like saying that Facebook's stocks should be 0 right now because you can create an identical platform right now
not necessarily but you will destabilize the market like that. Imagine you could "fork" the dollar legitimately. It would be a fucking disaster for the stability of the economy.

Anonymous Sat Jul 21 15:50:36 2018 No.10361475

>>10361405
>we are decades away from full fledged asteroid mining, not centuries. if you thought the last century had an insane surge on technological progress, you aint seen nothing yet. 2100 will be completely inconceivable to people alive today
what a grand childlike naivety

Anonymous Sat Jul 21 15:51:21 2018 No.10361485

you listen to peter schiff in 2011, you would be a poorfag. you listen to peter schiff in 2018, you will be a poorfag. don't listen to this guy. bitcoin might not necessarily be the future, but blockchain will most definitely be the future of transactions and contracts.

>>	Anonymous Sat Jul 21 15:54:43 2018 No.10361524 >>10361333 consumer commodities have gone down in price adjusted for inflation. what has skyrocketed is real estate prices, which would have happened even if gold backed the currency.

>>	Anonymous Sat Jul 21 15:55:11 2018 No.10361531 File: 71 KB, 987x808, gold just.png [View same] [iqdb] [saucenao] [google] >gold lol Schiff, get ready to be justed like never before.

Anonymous Sat Jul 21 15:55:34 2018 No.10361536

>>10361180
don't get so angry, most people would agree that gold-backed FIAT is 10x better than FIAT printed out of thin air but it's still not good enough because you have to trust the government that they are honest with the issuance of IOUs, how can you verify yourself the total amount of gold, how can you verify whether they don't actually print more banknotes than they hold gold? People bitch about Tether but the Governments are exactly like Tether, you have to TRUST them.
Not to mention that gold as an investment is useless because the governments hold most of the supply and will dump the price whenever people get to happy about beating inflation.

Anonymous Sat Jul 21 15:56:03 2018 No.10361542

>>10361317
>while people wageslave more than at any point in history with work productivity being at ATH.
that's the price you pay for living in a first world country where services and products are available almost 24/7
take an economy course

>>10361324
>heh that'll show him

>>10361417
you are oversimplifying things. if you create a facebook clone you will be sued and your website removed due to copyright/patent laws. You can clone cryptos without consequences and none of them are "unique" because you can just copy the functionality of every other crypto if you want to since they are all open source. Why should I use one crypto over another other than being emotionally attached to it? what if capital flies into a different crypto over night and I lose all my money because some dumb shit happened which made people switch cryptos? It's a stupid system that will NEVER work, screenshot that and keep it for the next generations to see.
>His arguments are absolute shit
then counter my arguments faggot.

>>	Anonymous Sat Jul 21 15:57:18 2018 No.10361555 >>10361485 sensible opinion

Anonymous Sat Jul 21 15:57:27 2018 No.10361558

>>10360824
But the digital bank money is backed in a 1 to 1 ratio with notes and coins which can be received on demand from a bank. The notes and coins are backed by the assets and productivity of the nation, and trust in the government.

Bitcoin is not backed by anything real apart from a bunch of computers running some bitcoin software trying to solve arbitrary cryptographical puzzles in a wasteful way. Most people don't accept it for payment, so it must be sold in a volatile marketplace for wildly varying prices.
One month 1 bitcoin can buy a car, the next month 1 bitcoin will only buy you a bicycle. Cash generally buys the same amount of goods from time to time, losing a few percent of buying power year to year due to inflation, but it is very slow and predictable which makes people actually want to transact with it since it is relatively stable in value.
Bitcoin is not backed by anything stable so market participants are reluctant to use it for transactions due to instability which creates tremendous financial risk for holding and effectively screws up an orderly functioning market by sending confusing market signals.

Anonymous Sat Jul 21 16:02:16 2018 No.10361596
File: 1.90 MB, 316x213, 1531875643208.gif [View same] [iqdb] [saucenao] [google]

>>10361558
>But the digital bank money is backed in a 1 to 1 ratio with notes and coins which can be received on demand from a bank.

Sweetie...

https://en.wikipedia.org/wiki/Fractional-reserve_banking

>>	Anonymous Sat Jul 21 16:02:38 2018 No.10361601 Utility tokens will make pure currencies obsolete. If we could use oil for commerce as easily as we use money, money wouldn't exist. When utility tokens become mainstream they'll make money obsolete.

>>	Anonymous Sat Jul 21 16:08:56 2018 No.10361659 File: 251 KB, 1500x966, this is your money on drugs.jpg [View same] [iqdb] [saucenao] [google] >>10361558 kys

>>	Anonymous Sat Jul 21 16:09:41 2018 No.10361663 Schiff: "buy gold plz"

Anonymous Sat Jul 21 16:13:42 2018 No.10361705

>>10361448
>that's not a /biz/ issue anymore, you're getting into politics
an issue that putting government money spending on a blockchain would solve instantly because if Stacy and Chad found out that their wagecucked money is flying into a palestinian village in form of a rocket they would get pissed off real quick and demand change.

>and if crypto replaces fiat then you will be forced to use crypto, so what's your point?
not really, FIAT won't stop existing overnight but it will be so shitty and inflationary that even the biggest brainlets will learn to stay away from it when there is an alternative with fixed supply. Ask anyone around if they like the fact that their savings lose 2% of value a year. Just ask anyone, but I won't even get too deep into that because you probably think inflation is great.

>When people will keep losing money on stupid shit like that things will have to change. At some point you will have to use centralized software to fix these issues, which means you'll have to trust a third party again so what's the point of crypto?
Simply supply and demand/free market, you can CHOOSE to be in charge of your own money or leave it to third a party
Just like you can choose to buy and store btc yourself or (maybe soon) buy an btc ETF at a premium for cucks that don't know what they're doing.

>as if BTC vs BCH is not a huge thing already
like I said, free market, let people decide. Absolutely nothing wrong with that. You think gold in its early stages was so stable and respected everywhere? Adoption hasn't even started and you complain that things aren't super stable and obvious yet.

>not necessarily but you will destabilize the market like that. Imagine you could "fork" the dollar legitimately. It would be a fucking disaster for the stability of the economy.
No. The free market will stabilize everything. Stop being an oppressive socialist and let people decide what to do with their money/time/lives.

>>	Anonymous Sat Jul 21 16:16:23 2018 No.10361724 >>10361475 you literally thought asteroid mining was 500 years away when its more like 20 years away. and you actually think you have any idea whats going to be going on in 2100 talk about naive

Anonymous Sat Jul 21 16:17:51 2018 No.10361735

>>10361542
>that's the price you pay for living in a first world country where services and products are available almost 24/7
>take an economy course
It's the same shit all around the world, despite maybe some places where a few niggas can lay on the beach and eat coconuts due to a friendly climate and natural resources.

>>10361558
>and trust in the government.
yea, we've seen how that has worked out over the years. Stick to your cuck FIAT if you want.
>muh volatility
if you expect a completely new asset class/currency to be super stable when the supply is fixed then I guess you're too much of a cuck for it and should stick to Nanny State's tit.

Anonymous Sat Jul 21 16:20:23 2018 No.10361760

>>10361596
The central bank can create an unlimited amount of physical notes and coins to satisfy depositors demands for physical cash. That's why central banks exist in the first place, to provide reserves for the commercial banks in times of crisis, hence the name 'federal reserve', or 'reserve bank of Australia'. Its very rare that everyone will want to withdraw cash at the same time anyway.

Also fractional reserve is necessary for economic growth, otherwise economic growth would be limited by how much new gold or bitcoin s are mined. Pathetic.
Bitcoin and gold will never be accepted as the defacto currency in an economy. Bitcoiners will be waiting forever for that to happen, just like the goldbugs have been for the past 50 years of ending the gold standard.

PS I've know about fractional reserve banking for over a decade now.

>>	Anonymous Sat Jul 21 16:22:47 2018 No.10361783 >>10361760 >Bitcoin and gold will never be accepted as the defacto currency in an economy. >economy >(((economy))) PLEASE kys

>>	Anonymous Sat Jul 21 16:23:16 2018 No.10361788 >>10361724 Going to other space still costs a lot of money, so there's no way it's going be 20 years away unless we discover some new form of cheap, energy-dense fuel or create a space elevator.

>>	Anonymous Sat Jul 21 16:27:41 2018 No.10361820 >>10360409 This is probably the most retarded post I've seen today, except the part about Voorhees because I don't really give a shit about him.

>>	Anonymous Sat Jul 21 16:29:38 2018 No.10361844 File: 232 KB, 619x406, 1449126528252.png [View same] [iqdb] [saucenao] [google] >>10361760 holy shit, I've never seen a more jewish post than this. We have a winner

Anonymous Sat Jul 21 16:30:12 2018 No.10361852

>>10361735
Is that the same cuck fiat that you are desperate to acquire for your precious cryptocurrency, hoping that it will 'moon' so you can sell for real money. Face it, you lust after cuck fiat but you lash out at it because you don't have any, just like you lash out at roasties because they won't fuck you.

Just a reminder,

>>	Anonymous Sat Jul 21 16:33:33 2018 No.10361895 >>10361844 >he thinks Jews haven't infiltrated and now control cryptocurrencies.

>>	Anonymous Sat Jul 21 16:34:22 2018 No.10361901 >>10361852 holy fuck the irony LMAO >Face it, you lust after cuck fiat but you lash out at it because you don't have any >Face it, you lust after crypto but you lash out at it because you don't have any

>>	Anonymous Sat Jul 21 16:35:30 2018 No.10361917 >>10361783 >everybody around the world lives in jewmerica.

Anonymous Sat Jul 21 16:35:54 2018 No.10361924

>>10361705
>tacy and Chad found out that their wagecucked money is flying into a palestinian village in form of a rocket they would get pissed off real quick and demand change.
they already know that. crypto will not magically change foreign policies.

>not really, FIAT won't stop existing overnight
sure, whatever, there's nothing to argue over here

>you can CHOOSE to be in charge of your own money or leave it to third a party
you can keep fiat in your own hands too if you want

>The free market will stabilize everything
sure but at what cost? it's not going to stabilize overnight. It's easy to think things will "just work out" but the world is more complicated than that. people in the states are more divided than ever and you expect them to use the same currency when they can just make their own? imagine we have democrat coin and republican coin. the system you are proposing will lead to so much uncertainty.

Anonymous Sat Jul 21 16:38:36 2018 No.10361955

>>10361852
>Is that the same cuck fiat that you are desperate to acquire for your precious cryptocurrency,
Absolutely not

>hoping that it will 'moon' so you can sell for real money.
The only thing I would sell my coins for is land or real estate, and trust me I would do it without jumping into FIAT for that quick second if it was possible because I have 0 interest in holding trash that loses its value year after year. Only retards hold FIAT and the governments are lucky the world is full of retards, otherwise they could print all they want but no one would give a fuck and not hold any FIAT for longer than minutes between transactions like a hot potatoe.

>Face it, you lust after cuck fiat but you lash out at it because you don't have any, just like you lash out at roasties because they won't fuck you.
I'm actually doing fine with both of those but like I said I don't hold my wealth in FIAT I'll leave this privilege for gov lovers like you

>>	Anonymous Sat Jul 21 16:39:47 2018 No.10361974 >>10361901 I own crpto, I'm just a realist and not a delusional cryptotard. You guys are exactly the same as goldbugtards like peter Schiff, yet you guys critisize him. Muh real money gold/bitcoin. Meanwhile everyone want that cold hard cash.

>>	Anonymous Sat Jul 21 16:40:45 2018 No.10361989 >>10361974 you are so fucking dumb

>>	Anonymous Sat Jul 21 16:42:23 2018 No.10362011 >>10361955 I wasn't referring to you specifically regarding roasties, just using a metaphor to rustle jimmies.

Anonymous Sat Jul 21 16:49:12 2018 No.10362082

>>10361924
>they already know that. crypto will not magically change foreign policies.
Wrong. They are absolutely clueless about most of the things discussed in this thread. They know something is wrong because they wageslave and wageslave and still don't have shit but still can't put their finger on it as to why is that. Crypto would be a good thing to help them open their eyes.

>you can keep fiat in your own hands too if you want
but I don't want FIAT I want something that will have a stable value so I don't have to look for things to shove my shitty FIAT into to prevent inflation. I want to have the comfort to wait and see what I really want to buy.

>sure but at what cost? it's not going to stabilize overnight. It's easy to think things will "just work out" but the world is more complicated than that. people in the states are more divided than ever and you expect them to use the same currency when they can just make their own? imagine we have democrat coin and republican coin. the system you are proposing will lead to so much uncertainty.

if a little, temporary discomfort isn't worth financial freedom/independence for you then I guess the discussion ends here. Even a released slave has to make the effort to get out of his shakles and start a normal life. You are clearly a Nanny State fan.

>>10361974
>Meanwhile everyone want that cold hard cash.
Absolutely wrong. No one wants your paper bills and shiny coins, people are only interested in things they can get for them (and they are ARTIFICIALLY preassured to get those things ASAP because otherwise an invisible hand will take a 2% haircut of their savings after the year ends), so most of them end up having a bunch of deflationary crap and no house/land at the age of 35. It's sad and pathetic but you advocate that in the name of consumerism and full blown kikery

>>	Anonymous Sat Jul 21 16:59:12 2018 No.10362174 Il est chaud cette vieux batard.

>>	Anonymous Sat Jul 21 17:01:52 2018 No.10362198 >>10362082 >but I don't want FIAT I want something that will have a stable value cryptos are NOT stable >I want to have the comfort to wait and see what I really want to buy fair point >You are clearly a Nanny State fan yikes

Anonymous Sat Jul 21 17:07:52 2018 No.10362258

>>10362198
>cryptos are NOT stable
but I was talking abour FIAT and why it's bad. Fiat it's not stable, you're 100% sure it will lose value. It's so fucked up that people actually believe it's a good thing.

Crypto/btc aren't stable because they are still relatively new but they will satbilize at some point and in the meantime I see them going up a lot. That's why I would rather take volatility and upside potential than government issued shitcoins and shitbanknotes that are guaranteed to lose value.

Anonymous Sat Jul 21 17:12:06 2018 No.10362305

>>10362198
>>10362258
>Fiat it's not stable, you're 100% sure it will lose value.
THIS
RIGHT
FUCKING
HERE

100%

I am ONE-HUNDRED PERCENT sure it will lose value

while I am NINETY-NINE POINT NINE REPEATING PERCENT sure crypto will gain value

do you understand, now?

>>	Anonymous Sat Jul 21 17:18:15 2018 No.10362376 >>10362198 it's as simple as not being a pussy and choosing the lesser evil

Anonymous Sat Jul 21 17:21:49 2018 No.10362419

I'm a big fan of Schiff even though he's a jew but I guess he's our jew in a way. Anyways one thing that I was really annoyed about was Voorhees didn't go as far as he could on the idea that crypto is a type of money native to technology and specifically native to the internet, he only mentioned this when he talked about how fiat is censored and you can only use it between 9-5 on weekdays and so on and he briefly mentioned that crypto is programmable and contracts, but he I thought he could have taken it much farther going into a lot more depth and placing more emphasis on these things when he was making rebuttals to Schiff after his turn when they got into basically autistic debate about intrinsic value and the long history of gold as money.

>>	Anonymous Sat Jul 21 17:22:07 2018 No.10362423 >>10362258 >Fiat it's not stable name a ''currency'' more stable than current fiat

>>	Anonymous Sat Jul 21 17:23:09 2018 No.10362436 >>10362305 can you not understand that stable inflation is already priced in?

Anonymous Sat Jul 21 17:28:21 2018 No.10362506

>>10362423
stable or deflationary*
I don't see a pure "currency" that would meet this criteria but I would say land, depending where you live, I'm interested in longterm-stable or something that will go up.
Gold would be like that if the governments didn't hold most of the supply and weren't able to manipulate the price making sure you won't get too far holding it.

>>10362436
>inflation
>priced in
LMAO, there is no way to price inflation in other than getting rid of FIAT like in a hot potatoe game

Anonymous Sat Jul 21 17:32:49 2018 No.10362561

>>10362506
>LMAO, there is no way to price inflation in other than getting rid of FIAT like in a hot potatoe game
the state of '''austrian'' economics. fisher's equation. all predicted inflation is already priced in the value of commodities.

>deflationary
deflationary is just a meme since money is neitral in the long run. a country does not grow rich because it has negative inflation rate.

>>	Anonymous Sat Jul 21 17:36:21 2018 No.10362595 >>10361162 How is the dollar dying? All you retards say it, but you have no idea. Youre saying because some other faggot told you, who ALSO has no fucking idea why

>>	Anonymous Sat Jul 21 17:39:05 2018 No.10362618 >>10362595 >bb-b--b-b-b-b--b-but muh inflation

Anonymous Sat Jul 21 17:47:07 2018 No.10362723

>>10360334

I didn't bother to watch the debate, so I do not know if the main power of bitcoin is mentioned.
The main advantage of bitcoin over everything els is ofcourse that if you do it correctly BITCOIN CANNOT BE STOLEN. The government can seal you backaccount, take all your material possessions, but if you just remembered your private key they will never ever be able to take that away from you. (well maybe with the use of torture they might get you to speak out if your are weakminded.)

This fact makes bitcoin very useful for, for example, dictators who want to secure the wealth they took from others. This way they might be able to pass there wealth to their relatives even when they get caught, disowned and executed.

>>	Anonymous Sat Jul 21 18:07:11 2018 No.10362991 >>10362723 >The government can seal you backaccount, take all your material possessions, but if you just remembered your private key they will never ever be able to take that away from you. so a feature irrlevant to 99.999999995 of the population?

>>	Anonymous Sat Jul 21 18:09:26 2018 No.10363024 >>10362595 QE, other economies threatening the petro dollar

>>	Anonymous Sat Jul 21 18:18:16 2018 No.10363136 >>10363024 QE is over in US, dollar index still above 90. Petrodollar is a joke of conspiracy, you honestly think that the saudis control the economy?

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