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Topic: Former CEO of Paypal on CNCB: "Bitcoin is going to 0" - page 2. (Read 286 times)

hero member
Activity: 1106
Merit: 501
As always people like this one only saying bad rumors about bitcoin without having any proof of statement or any information of how they say so, I doubt that it will happen since bitcoin is widely spreading across the world and at some point there is always a person who'll believe at this, the only way I see bitcoin going to 0 is if everyone who uses it and anyone who wanted to use it or have used it will reject it and stop the worldwide trade of bitcoin and if conduct it there is a super low chance of this happening, not now not ever.
legendary
Activity: 2170
Merit: 1427
The problem with these guys is that they cannot get their heads around the concept of having value outside of the approval of governments, which is the main point of Bitcoin.

Oh, they surely can. It's just people here thinking they can't, which is a completely different story. It goes up for Warren Buffett and Bill Gates as well. Do people seriously believe these entities don't know how things work? Come on. People here really need to grow up.

The whole point here is that they don't want people to store value outside centralized prisons where governments or corporations can't seize/freeze your funds. If people get to know what Bitcoin really stands for and makes everything around it pretty much obsolete, it's a massive blow to every business in the same field potentially. Banks and PayPal & co have never thought to face something like Bitcoin that you can't stop.

LN is the difference that will potentially be the fatal blow to them. Bitcoin as digital Gold is something they can somewhat handle since it's not a good form of money right now. If Bitcoin gets its currency aspect together, oh boy, brace yourself for the shit that Bitcoin will have to eat through.
legendary
Activity: 2156
Merit: 1622
LOL, that guy is a joke, I would not hire him to mop the floor in my firm. Unbelievable how some people are shortsighted and are not embaressed to make fools of them on tv. How that guy can be a ceo of anything is what bothers me.
He is not a joke. Imagine if you are making bilions $ on your payment system. And now BTC, decentralized and safer method that allows evey user to store his money on his hardware and trafer them without any permission on platworm that cannot be stopped by any goverment and his founds cannot be tauched by anyone without his permission and his key to his wallet can be stored in his brain by chosen sentance. He knows that if BTC will collect more and more users than he will loose more and more. The only possibility for him is to boycott BTC before it wil hit mass adoption. He cannot corrupt goverments because even they cannot stop BTC.
legendary
Activity: 1372
Merit: 1252
Unbelievable how some people are shortsighted and are not embaressed to make fools of them on tv. How that guy can be a ceo of anything is what bothers me.

He's not shortsighted at all, just a hypocrite because of his by external parties (likely banks and whatnot) sponsored bias.

This dude knows exactly what makes a great payment tool or service, and the way he tries to talk Bitcoin down shows exactly that. If Bitcoin was really not worth anything and had no potential, no one even remotely connected to the fintech sector would even bother to speak out against it because they know it would vanish anyway. Them trash talking Bitcoin means it's a competitor with an insane amount of potential, especially with LN fully deployed.

That dude didn't even said one single word about LN. He knows there is not much to trash talk there. What beats near instant and near free transactions? Can't think of anything. Smiley

Also, we need these skeptics to be around. I'm in the mood for some bearish trash talk after how we have been flooded for months with $100,000 before this or that time nonsense.


The problem with these guys is that they cannot get their heads around the concept of having value outside of the approval of governments, which is the main point of Bitcoin. So for as long as they think anything that isn't approved by a strong government "doesn't exist" and in the sense that it still has value, is a temporary one and will go to zero, there is no way to argue with them because that is their worldview.

LN being a success or not isn't even the point, it's just what I said. They cannot fathom the concept of value outside of government approval. CNBC hasn't invited a single guy on their show that states this point as far as im concerned. They should get someone with some knowledge on the concept of hard money like Saifedean Ammous.

legendary
Activity: 2170
Merit: 1427
Unbelievable how some people are shortsighted and are not embaressed to make fools of them on tv. How that guy can be a ceo of anything is what bothers me.

He's not shortsighted at all, just a hypocrite because of his by external parties (likely banks and whatnot) sponsored bias.

This dude knows exactly what makes a great payment tool or service, and the way he tries to talk Bitcoin down shows exactly that. If Bitcoin was really not worth anything and had no potential, no one even remotely connected to the fintech sector would even bother to speak out against it because they know it would vanish anyway. Them trash talking Bitcoin means it's a competitor with an insane amount of potential, especially with LN fully deployed.

That dude didn't even said one single word about LN. He knows there is not much to trash talk there. What beats near instant and near free transactions? Can't think of anything. Smiley

Also, we need these skeptics to be around. I'm in the mood for some bearish trash talk after how we have been flooded for months with $100,000 before this or that time nonsense.
hero member
Activity: 1582
Merit: 670
If Bitcoin succeeds in the future, many banks will have a hard time. But surely, there will be no need for payment companies like Paypal. Because the smart contracts that do the job can do much better. That's why it's normal for Paypal investors not to like Bitcoin.
legendary
Activity: 3234
Merit: 5637
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He is back:

https://www.youtube.com/watch?v=IKPLH7n5DWw

I remember watching Bill Harris being very bearish about Bitcoin, always questioning the fundamentals and saying it's worthless, just a ponzi scheme that will go out of fashion, just a trend, very much in the style of Jamie Dimon.

Another video here:

Former PayPal CEO Bill Harris Reveals Why He Thinks Bitcoin Is The Biggest Scam In History | CNBC

Is this an actual bullish indicator? Let's look at the Jamie Dimon indicator:



We'll have to wait and find out.


Frankly this interview is just his free promotion, his opinion is known from before and fact that he is saying again same things does not mean anything. If he is convinced of what he is talking about let it be so, we certainly should not pay attention to people like him or Warren Buffett. I cant see how this interview can be bullish indicator, why should price go up if he say BTC is going to zero?

I watch video from first to last second, and that other person who talked with Billy is literally blew it off from the studio. BTC will go to 0 and it is used only by criminals, that is all Billy can say, ridiculous...
sr. member
Activity: 714
Merit: 257
LOL, that guy is a joke, I would not hire him to mop the floor in my firm. Unbelievable how some people are shortsighted and are not embaressed to make fools of them on tv. How that guy can be a ceo of anything is what bothers me.
legendary
Activity: 3038
Merit: 1169
They always say the same things that bitcoin is fraud, scam, will go to zero, Etc.... And much more to come But this is all just FUD and when the price of bitcoin rises quickly they will be gone in an instant without a trace and I never have been a fan of paypal at all, There are a lot of issues regarding their services and Paypal never supported bitcoin from the start you will sure need a third party exchange in putting your money from your bitcoin wallet to your paypal, That is why I already stop using my paypal a long time ago.
legendary
Activity: 1372
Merit: 1252
He is back:

https://www.youtube.com/watch?v=IKPLH7n5DWw

I remember watching Bill Harris being very bearish about Bitcoin, always questioning the fundamentals and saying it's worthless, just a ponzi scheme that will go out of fashion, just a trend, very much in the style of Jamie Dimon.

Another video here:

Former PayPal CEO Bill Harris Reveals Why He Thinks Bitcoin Is The Biggest Scam In History | CNBC

Is this an actual bullish indicator? Let's look at the Jamie Dimon indicator:



We'll have to wait and find out.
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