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Topic: Alex jones calls Bitcoin a "Bubble" & "Globalist NWO" Creation - page 2. (Read 10590 times)

newbie
Activity: 20
Merit: 0
Alex should really be educated about what Open Source means and that because of that fact it is completely irrelevant who created Bitcoin - the creator has now no impact or relevance to the functioning of the system.
hero member
Activity: 518
Merit: 521
We already refuted that semantic shell game obfuscation delusion. See the thread that I quoted from. Numerous prominent Libetarians and Austrian economists have weighed in on this in agreement with me, such as Peter Schiff and Gary North who is a key advisor and long-time close confidant of Ron Paul, Lew Rockwell and the Mises Institute.

Ron Paul disagree with Gary North and you.

http://money.cnn.com/2013/12/04/technology/bitcoin-libertarian/

That was from April.

"There will be alternatives to the dollar, and this might be one of them,"

He wasn't sure. I am confident he has been so advised by his long-time confident Gary North hence. Gary's article on Bitcoin being a Ponzi was just published a few days ago.

Get Ron Paul on record with a long detailed article, not just a sound bite quip.

Ron Paul said yesterday exactly what I expected him to say:

Ron Paul says he was misquoted in the past on Bitcoin and he downplays the hype around Bitcoin:

http://video.foxbusiness.com/v/2916084919001?cmpid=cmty_twitter_fb
sr. member
Activity: 322
Merit: 252
Alex Jones "Drinks Paint thinner" & "Is a stupid asshole".
member
Activity: 87
Merit: 10
In a new Video Alex jones stated that he believes crypto currency is the way of the future, however Bitcoin specifically is a creation of the NWO global elites due to its shadowy origins and is just a bubble that will ultimately fail. He also advises against investing in it.

It's unfortunate in my opinion that he decided to take this stance on Bitcoins, as he's one of the most popular Libertarians out there with 10's of Millions worldwide followers which could've helped Bitcoin in terms of promotion.

http://www.youtube.com/watch?v=WCgkCBvODl8

Alex Jones is a nutjob, nobody takes him seriously. The least what Bitcoin needs right now, is people like him representing it.

And it needs nutjobs like the people on this forum to represent it?

Now it needs respectable academics, not radio show hosts and conspiracy theorists.
sr. member
Activity: 280
Merit: 250
V for Victory or Rather JustV8
In a new Video Alex jones stated that he believes crypto currency is the way of the future, however Bitcoin specifically is a creation of the NWO global elites due to its shadowy origins and is just a bubble that will ultimately fail. He also advises against investing in it.

It's unfortunate in my opinion that he decided to take this stance on Bitcoins, as he's one of the most popular Libertarians out there with 10's of Millions worldwide followers which could've helped Bitcoin in terms of promotion.

http://www.youtube.com/watch?v=WCgkCBvODl8

Alex Jones is a nutjob, nobody takes him seriously. The least what Bitcoin needs right now, is people like him representing it.

And it needs nutjobs like the people on this forum to represent it?
member
Activity: 87
Merit: 10
In a new Video Alex jones stated that he believes crypto currency is the way of the future, however Bitcoin specifically is a creation of the NWO global elites due to its shadowy origins and is just a bubble that will ultimately fail. He also advises against investing in it.

It's unfortunate in my opinion that he decided to take this stance on Bitcoins, as he's one of the most popular Libertarians out there with 10's of Millions worldwide followers which could've helped Bitcoin in terms of promotion.

http://www.youtube.com/watch?v=WCgkCBvODl8

Alex Jones is a nutjob, nobody takes him seriously. The least what Bitcoin needs right now, is people like him representing it.
member
Activity: 70
Merit: 10
That was from April.

"There will be alternatives to the dollar, and this might be one of them,"

He wasn't sure. I am confident he has been so advised by his long-time confident Gary North hence. Gary's article on Bitcoin being a Ponzi was just published a few days ago.

Why April? Article says

"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added."

and article date is December. Nothing about April. Nothing about him thinking it is ponzi, either. So is Ron Paul disagree with Gary North, because article is more recent than Gary's that was published more days ago?

I do not know Ron Paul, and he does not live near me, so I can not ask.
hero member
Activity: 518
Merit: 521
We already refuted that semantic shell game obfuscation delusion. See the thread that I quoted from. Numerous prominent Libetarians and Austrian economists have weighed in on this in agreement with me, such as Peter Schiff and Gary North who is a key advisor and long-time close confidant of Ron Paul, Lew Rockwell and the Mises Institute.

Ron Paul disagree with Gary North and you.

http://money.cnn.com/2013/12/04/technology/bitcoin-libertarian/

That was from April.

"There will be alternatives to the dollar, and this might be one of them,"

He wasn't sure. I am confident he has been so advised by his long-time confident Gary North hence. Gary's article on Bitcoin being a Ponzi was just published a few days ago.

Get Ron Paul on record with a long detailed article, not just a sound bite quip.
member
Activity: 70
Merit: 10
We already refuted that semantic shell game obfuscation delusion. See the thread that I quoted from. Numerous prominent Libetarians and Austrian economists have weighed in on this in agreement with me, such as Peter Schiff and Gary North who is a key advisor and long-time close confidant of Ron Paul, Lew Rockwell and the Mises Institute.

Ron Paul disagree with Gary North and you.

http://money.cnn.com/2013/12/04/technology/bitcoin-libertarian/
legendary
Activity: 1680
Merit: 1035
It will still die if the banks decide to go offline, because then there will be no reason (or maybe ability) for governments to keep the Interned alive.

Uh... what Huh Government doesn't run the internet. And I would guess most of the money to support the internet infrastructure comes from Silicon Valey businesses, not banks.


By the way, people who call bitcoin a Ponzi Bubble are morans. Obviously it's a Penny Auction Bubble. Or at least a Nigerian Prince Scam Bubble  Roll Eyes

which makes as much sense as calling it a ponzi bubble, if you missed the sarcasm
sr. member
Activity: 462
Merit: 250
Firing it up
Well, love and hate must co-exist in order to stop brainwashing.

I know there are people disliking us because of grabbing their money away but they don't know the true facts. Only few people know these facts.

There are few stories which are true.


1. US reserves (such as US bonds or relatives) may be disqualified by some governments very soon, which shall be happened 5 years later.
2. If gasoline can be made from air economically, then The dollar (or euro in the E.U) we know, will be drained soon pound will be back to the main due to the gasoline.
3. People who cannot adapt with this monitored-by-everyone project, will be forgotten.
legendary
Activity: 3430
Merit: 3079
Max Keiser brought something interesting to my attention in his most recent interview with Alex Jones (by accident I think, Alex Jones didn't respond to it directly, and him and Max are seemingly buddies).

Jones uses the Darth Vader theme from the Star Wars movies as lead-in music. That music is from one of the most copyright enforced entertainment franchises of all time, you get in huge legal trouble for infringing Star Wars copyright. Which tells you that Jones has permission to use the music, and so the idea that he is some major thorn in the side of the political establishment doesn't seem quite so credible. Not that he does if you've ever seen him cry or rant, he's also a poor actor.
hero member
Activity: 546
Merit: 500
hm
In a new Video Alex jones stated that he believes crypto currency is the way of the future, however Bitcoin specifically is a creation of the NWO global elites due to its shadowy origins and is just a bubble that will ultimately fail. He also advises against investing in it.

It's unfortunate in my opinion that he decided to take this stance on Bitcoins, as he's one of the most popular Libertarians out there with 10's of Millions worldwide followers which could've helped Bitcoin in terms of promotion.

http://www.youtube.com/watch?v=WCgkCBvODl8

Alex Jones is libertarian? I thought he wants to sell books and uses conspiracy theories for that? He is right. The founder of Bitcoin is not known, but he has to be carefully not to lose his credibility among his stupid fans  Tongue
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
did he say something about chemtrails  Grin ?

honestly: these guys have to talk like that because they get their money from their viewers. everything is doomed, except gold and silver .... sure Roll Eyes


@ BADecker

they will try to regulate it. but good luck with that in the long run.
sr. member
Activity: 434
Merit: 250
The reason the government hasn't clamped down on Bitcoin is, they are waiting to see if it will go anywhere for real. If Bitcoin doesn't expand worldwide rapidly enough, somewhere along the line they will try to shut it down. If it expands worldwide rapidly, government will try to exploit it.

The Federal Reserve Bank creates money out of thin air. What if they expanded the Bitcoin bubble by offering double for it, say, $2400 a bitcoin. They could take a lot of ownership that way. People would sell - not everyone of course.

And who can afford ASIC mining computers more than the FED? They could win this thing simply by taking over. Are they smart enough?

The only way Bitcoin will succeed is if it spreads around the world rapidly enough that people can start bypassing the banks in droves. It will still die if the banks decide to go offline, because then there will be no reason (or maybe ability) for governments to keep the Interned alive.

Of course, there are a bunch of viable Bitcoin spin-offs that just might help Bitcoin remain. For example, in this present Bitcoin bubble (if that is what it really is) Litecoin has jumped further, faster, percentage-wise, than Bitcoin. And it looks like PPcoin has done similar.

Smiley


they can't buy all the reserves.. because not all bitcoins are available. it would likely cost them, but at the rate that they spend money, that's just chump change.
legendary
Activity: 3906
Merit: 1373
The reason the government hasn't clamped down on Bitcoin is, they are waiting to see if it will go anywhere for real. If Bitcoin doesn't expand worldwide rapidly enough, somewhere along the line they will try to shut it down. If it expands worldwide rapidly, government will try to exploit it.

The Federal Reserve Bank creates money out of thin air. What if they expanded the Bitcoin bubble by offering double for it, say, $2400 a bitcoin. They could take a lot of ownership that way. People would sell - not everyone of course.

And who can afford ASIC mining computers more than the FED? They could win this thing simply by taking over. Are they smart enough?

The only way Bitcoin will succeed is if it spreads around the world rapidly enough that people can start bypassing the banks in droves. It will still die if the banks decide to go offline, because then there will be no reason (or maybe ability) for governments to keep the Interned alive.

Of course, there are a bunch of viable Bitcoin spin-offs that just might help Bitcoin remain. For example, in this present Bitcoin bubble (if that is what it really is) Litecoin has jumped further, faster, percentage-wise, than Bitcoin. And it looks like PPcoin has done similar.

Smiley
sr. member
Activity: 434
Merit: 250
Alex Jones is a gibbering idiot and it is no surprise he would say something this stupid.  I don't think that clown has seen an event that isn't some bogus conspiracy.  Whoever said it upthread was right.  He doesn't like Bitcoin because he hasn't found a way to swindle people with it or sell it to the mouth-breathers who hang on his every word.

he's just trolling you. he makes millions by playing this character, just like rush limbaugh and practically every other tv personality. if they didn't say incendiary shit, eyes would not be on them.. i really do think they plan these outbursts just to get people talking about them (whether lovers or haters).
hero member
Activity: 518
Merit: 521
About the only good thing about reckless misuse of the word "Ponzi" is that it advertises the speaker as an idiot whose opinion can safely be ignored.

A Ponzi is a scheme that pays new "investors" out of funds from older investors, generally with some implausible cover story portraying it as a legitimate investment.  That's all it is.  It isn't just a word that means any financial anything that the speaker finds shady for some reason.  Used that way, what it means is "I am an idiot."

We already refuted that semantic shell game obfuscation delusion. See the thread that I quoted from. Numerous prominent Libetarians and Austrian economists have weighed in on this in agreement with me, such as Peter Schiff and Gary North who is a key advisor and long-time close confidant of Ron Paul, Lew Rockwell and the Mises Institute.

Let's play spot the bubble...

https://bitcointalksearch.org/topic/is-this-a-bubble-355406

Which one is not a bubble?

I know but no hints...

I hope you realize they are both Ponzi bubbles, but the fiat one will be the last one to crash, because both require a collapse of confidence and a supply of greater fools. The QE is ending up as dollar bond issues in the developing world, and they have a lot more undeveloped areas to soak up more debt than Bitcoin will have greater fools willing to pay $10000, $100000, or $1 million per 1 BTC (depending on which price the crash occurs).
legendary
Activity: 1176
Merit: 1005
About the only good thing about reckless misuse of the word "Ponzi" is that it advertises the speaker as an idiot whose opinion can safely be ignored.

A Ponzi is a scheme that pays new "investors" out of funds from older investors, generally with some implausible cover story portraying it as a legitimate investment.  That's all it is.  It isn't just a word that means any financial anything that the speaker finds shady for some reason.  Used that way, what it means is "I am an idiot."
member
Activity: 182
Merit: 10
Logic 101 remedial course is now in session...

Bitcoin is an open source project; the whole point is that no government can control it...

What does point #1 have to do with point #2? (Hint: nothing)

And what does either point have to do with what Alex Jones said in the video about Bitcoin being a ponzi bubble? (Hint: nothing)

To clarify for dolts who don't pass Logic 101, open source and the ability to fork does not guarantee the government can't control it.

And Alex Jones' thesis was not about the government controlling it or not. It was about the Bitards' emotional speculation and the Ponzi bubble. Whether the alleged Ponzi bubble is true or not, is irrelevant to the fact that Alex's thesis in the video linked in the OP was not about government control.

Tangentially, the proof it is a ponzi bubble is at the following quoted post:

Gonzalo Lira explains why anonymity is so important but Bitcoin doesn't have it.



Data taken from http://blockchain.info/charts

In the past 60 days bitcoin market price has increased by 8000%. If the cause of increase was widespread adoption of bitcoin as a currency, people would be making transactions. The number of transactions would increase by a similar percentage taking it to around 300000 transactions per day. The current number of transactions is around 75000 per day.

My take from the data is that bitcoin is in a massive speculative bubble. People are hoarding and not using bitcoin as a currency.


Let's play spot the bubble...

https://bitcointalksearch.org/topic/is-this-a-bubble-355406

Which one is not a bubble?

I know but no hints...
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