Peter Schiff and Erik Voorhees
http://youtu.be/IaBREg5rzlI
Topic: Peter Schiff on Bitcoin - page 8. (Read 38869 times)
I'm selling little blocks of BTC which I paid under $30 for a few years ago for the likes of $10,000 on my last sale. Needless to say, I'm enjoying it hugely. And I plan on sitting on a fair chunk if/when they collapse.
Wait, are you saying that you bought uncirculated block rewards for $30 each? And that you sold one of these 50 BTC blocks for $10K?
s/blocks/chunks/
I'm selling little blocks of BTC which I paid under $30 for a few years ago for the likes of $10,000 on my last sale. Needless to say, I'm enjoying it hugely. And I plan on sitting on a fair chunk if/when they collapse.
Wait, are you saying that you bought uncirculated block rewards for $30 each? And that you sold one of these 50 BTC blocks for $10K?
The intrinsic value of government fiat is as a very poor grade of toilet paper, also as kindling for when the lights finally go out because government has put a cap on the price of electricity.
In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
Yes, I agree. The liberty and freedom bitcoin provides is part of its value. So the fact that America is damned if they do and damned if they don't, with regard to accepting/outlawing bitcoin, says a lot about it's value.In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
How can it provide liberty and freedom if it is both certain to crash in price as a Ponzi-bubble and is doomed to fail technologically?
Your statement makes no sense to me at all, in light of the revelations I have revealed.
I can only assume you don't believe my revelations. Then go ahead and join the others over the cliff you go.
Of course not. Why are you still here?
Quote
I'm done here. Enjoy.
Oh, thank God!
How can it provide liberty and freedom if it is both certain to crash in price as a Ponzi-bubble and is doomed to fail technologically?
Your statement makes no sense to me at all, in light of the revelations I have revealed.
I can only assume you don't believe my revelations. Then go ahead and join the others over the cliff you go.
I'm done here. Enjoy.
I'm selling little blocks of BTC which I paid under $30 for a few years ago for the likes of $10,000 on my last sale. Needless to say, I'm enjoying it hugely. And I plan on sitting on a fair chunk if/when they collapse.
Sorry you missed the boat. Better luck next time. But if you have a limited ability to recognize potential opportunistic, and that appears to be the case, then I don't really expect that you will have much 'luck' going forward.
The intrinsic value of government fiat is as a very poor grade of toilet paper, also as kindling for when the lights finally go out because government has put a cap on the price of electricity.
In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
Yes, I agree. The liberty and freedom bitcoin provides is part of its value. So the fact that America is damned if they do and damned if they don't, with regard to accepting/outlawing bitcoin, says a lot about it's value.In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
How can it provide liberty and freedom if it is both certain to crash in price as a Ponzi-bubble and is doomed to fail technologically?
Your statement makes no sense to me at all, in light of the revelations I have revealed.
I can only assume you don't believe my revelations. Then go ahead and join the others over the cliff you go.
I'm done here. Enjoy.
The intrinsic value of government fiat is as a very poor grade of toilet paper, also as kindling for when the lights finally go out because government has put a cap on the price of electricity.
In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
Yes, I agree. The liberty and freedom bitcoin provides is part of its value. So the fact that America is damned if they do and damned if they don't, with regard to accepting/outlawing bitcoin, says a lot about it's value. In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
The intrinsic value of government fiat is as a very poor grade of toilet paper, also as kindling for when the lights finally go out because government has put a cap on the price of electricity.
In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
In the absence of government putting a gun to your head it would trade at its intrinsic value.
Bitcoin's intrinsic value: evading government coercion.
Bitcoin is doomed to be a Ponzi-bubble because it can't scale distribution to be a currency:
https://bitcointalksearch.org/topic/is-bitcoin-a-pyramid-or-ponzi-scheme-what-are-the-ramifications-341594
----------------------
Two ways Bitcoin is technologically doomed
I discovered both of these.
"Spiraling Transaction Fees Destruction" of bitcoin:
https://bitcointalksearch.org/topic/m.3681159
Transactions Withholding Attack (takeover by Amazon or cartel):
https://bitcointalksearch.org/topic/transactions-withholding-attack-336350
Now the intrinsic value of Bitcoin on the other hand is a consistent distributed asset ledger that is maintained on a P2P distributed network, and that is something even the gold bugs can use to manage their paper gold.
It is same as recording the ownership of paper rocks if Bitcoin isn't a currency.
Added:
Nov. 22nd, 2013. Peter talks about the news that Virgin Galactic is accepting bitcoin as payment for trips to outer space. He has audio clips of Richard Branson. Also takes calls on bitcoin.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.11.22.13.mp3
Btw, on a side note, I called that Virgin should take bitcoin for trips to space on Oct. 9th on the "Life on Bitcoin" facebook page. I suggested that they ask Sir Richard Branson about it. So maybe my comment sparked it. Wishful thinking, LOL!
Nov. 22nd, 2013. Peter talks about the news that Virgin Galactic is accepting bitcoin as payment for trips to outer space. He has audio clips of Richard Branson. Also takes calls on bitcoin.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.11.22.13.mp3
Btw, on a side note, I called that Virgin should take bitcoin for trips to space on Oct. 9th on the "Life on Bitcoin" facebook page. I suggested that they ask Sir Richard Branson about it. So maybe my comment sparked it. Wishful thinking, LOL!
Added:
11/19/13 Sort of a run up to his lastest youtube video. Same 'ol stuff. I had to post to be consistant. Nothing on 11/21's show.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.11.19.13.mp3
11/19/13 Sort of a run up to his lastest youtube video. Same 'ol stuff. I had to post to be consistant. Nothing on 11/21's show.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.11.19.13.mp3
True. 
Sweet irony that your B&W fallacy link describes your misunderstanding of my non-B&W logic on this matter.
I already provided the link to the butt hurt report form, which you can submit to air your emotional grievances.
I already provided the link to the butt hurt report form, which you can submit to air your emotional grievances.
https://yourlogicalfallacyis.com/tu-quoque
I can do this all night,
Sweet irony that your B&W fallacy link describes your misunderstanding of my non-B&W logic on this matter.
I already provided the link to the butt hurt report form, which you can submit to air your emotional grievances.
I already provided the link to the butt hurt report form, which you can submit to air your emotional grievances.
I freaking hate the term "instrinsic value". No such thing.
Your penis has an intrinsic value, i.e. it can generate offspring.
Tangible things always have some intrinsic value, even if just as landfill.
This is incorrect. All value is subjective, even nominally 'intrinsic' value. Whatever value his penis has is only for him to decide, based upon how much he values offspring (or other uses for said penis). His offspring have zero value to me, however.
See what I did just there? The term 'intrinsic value' gets English speaking economics professors in trouble, simply because it conveys the wrong idea. It's not that anything can have a value that is intrinsic, but that any given item can have intrinsic characteristics that we, both individually and as a society, value. Said another way, we value the object because of it's intrinsic characteristics, but how much we value it depends upon our subjective preferences. Value is never an intrinsic characteristic itself.
I guess he missed the word "shared". Selective comprehension is not comprehension.
Intrinsic means nominal in the shared context, mofo.
https://yourlogicalfallacyis.com/black-or-white
I freaking hate the term "instrinsic value". No such thing.
Your penis has an intrinsic value, i.e. it can generate offspring.
Tangible things always have some intrinsic value, even if just as landfill.
This is incorrect. All value is subjective, even nominally 'intrinsic' value. Whatever value his penis has is only for him to decide, based upon how much he values offspring (or other uses for said penis). His offspring have zero value to me, however.
See what I did just there? The term 'intrinsic value' gets English speaking economics professors in trouble, simply because it conveys the wrong idea. It's not that anything can have a value that is intrinsic, but that any given item can have intrinsic characteristics that we, both individually and as a society, value. Said another way, we value the object because of it's intrinsic characteristics, but how much we value it depends upon our subjective preferences. Value is never an intrinsic characteristic itself.
I guess he missed the word "shared". Selective comprehension is not comprehension.
Intrinsic means nominal in the shared context, mofo.
I freaking hate the term "instrinsic value". No such thing.
Your penis has an intrinsic value, i.e. it can generate offspring.
Tangible things always have some intrinsic value, even if just as landfill.
This is incorrect. All value is subjective, even nominally 'intrinsic' value. Whatever value his penis has is only for him to decide, based upon how much he values offspring (or other uses for said penis). His offspring have zero value to me, however.
See what I did just there? The term 'intrinsic value' gets English speaking economics professors in trouble, simply because it conveys the wrong idea. It's not that anything can have a value that is intrinsic, but that any given item can have intrinsic characteristics that we, both individually and as a society, value. Said another way, we value the object because of it's intrinsic characteristics, but how much we value it depends upon our subjective preferences. Value is never an intrinsic characteristic itself.
I freaking hate the term "instrinsic value". No such thing.
Your penis has an intrinsic value, i.e. it can generate offspring.
Tangible things always have some intrinsic value, even if just as landfill.
Intangible things only have intrinsic value if the shared idea is factually true (e.g. whether Bitcoin is a currency) or if (e.g. religion) the shared idea can never be falsified.
He did make some good points, but I wonder if he thinks that anyone (himself?) actually knows what gold will be worth next year.
And he still seems completely ignorant of blockchain enforcable contracts.
And he still seems completely ignorant of blockchain enforcable contracts.
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