Prince Philip is very bold in expressing his opinion on bitcoin. because after all the superpowers that rule with fiat money will surely glance at his words.
and what I underline is that bitcoin is freedom. these are good words. can make people interested in this saying. and indeed everyone when they know it will be so free to hold bitcoin because it is not controlled by any country because bitcoin does not belong to the state. but belongs to every individual who owns it. then surely many people will like it. different from ordinary money whose printing limits can be controlled by any country.
hopefully this makes bitcoin's heyday and begins to be accepted by countries too.
Topic: Prince Philip of Serbia: "only way around inflation is Bitcoin" (Read 519 times)
I think that the decision of that prince is very intelligent, because since BTC is totally deflationary in nature, it is the only way to combat inflation, which has been the biggest problem and vulnerability of any traditional economy.
If that was his intention, then it would have been better to recommend gold, as this is currently a much better hedge against inflation. Bitcoin has not really proven this in the long run yet. What I'm saying is that the prince has certain interests in recommending Bitcoin and not because he wants to help anyone hedge.I am not that great at explaining things so you may have to listen it from someone else and but even in the last 2 years we went up like x6 during one of the worst periods financially for the past decades. I am sure that you must be feeling a bit richer if you had bitcoin instead of having stocks, or even gold.
Prince Phillip, particularly stressed on Bitcoin. According to him, switching to hard currency is the best option for dealing with inflation and fiat currency owned by the state.
total fucking bullshit. The very real and recent inflationary period is absolute proof that bitcoin failed to hedge inflation. Are you a criminal trying to rope people into bitcoin so they lose even more to the jewish organized financial crime spree?
bitcoin lost 20,000 per coin during the biggest dollar inflationary period in history. You are either stupid and dont know that bitcoin has been crashing during the whole last year, or a jewish criminal making war and hurting humans by deception
bitcoin lost 20,000 per coin during the biggest dollar inflationary period in history. You are either stupid and dont know that bitcoin has been crashing during the whole last year, or a jewish criminal making war and hurting humans by deception
I wonder what the Serbians themselves think about this idea. In my experience, Eastern Europe in general can be a little conservative - those countries that are members of the European Union aren't even too keen on accepting the Euro as a fiat currency, I have a hard time imagining Serbia or any other East European country accepting Bitcoin anytime soon.
That said, perhaps with time and education those attitudes can change, like they are in other parts of the world. The people of El Salvador appear more accepting these days after the initial pushback against Bitcoin, I believe?
That said, perhaps with time and education those attitudes can change, like they are in other parts of the world. The people of El Salvador appear more accepting these days after the initial pushback against Bitcoin, I believe?
It's great that he already recognized what bitcoin can do to inflation, but it will be better if he can use his influence (though little) to make people be aware of the positives of bitcoin. He came from a financial background, and sure enough he knows what he's talking about. All he needs now is the drive to let other people know of bitcoin, and educate them enough for them to make the switch, or at least consider bitcoin as a part of the future monetary system.
I think that the decision of that prince is very intelligent, because since BTC is totally deflationary in nature, it is the only way to combat inflation, which has been the biggest problem and vulnerability of any traditional economy.
If that was his intention, then it would have been better to recommend gold, as this is currently a much better hedge against inflation. Bitcoin has not really proven this in the long run yet. What I'm saying is that the prince has certain interests in recommending Bitcoin and not because he wants to help anyone hedge.
It's great that he already recognized what bitcoin can do to inflation, but it will be better if he can use his influence (though little) to make people be aware of the positives of bitcoin. He came from a financial background, and sure enough he knows what he's talking about. All he needs now is the drive to let other people know of bitcoin, and educate them enough for them to make the switch, or at least consider bitcoin as a part of the future monetary system.
I think that the decision of that prince is very intelligent, because since BTC is totally deflationary in nature, it is the only way to combat inflation, which has been the biggest problem and vulnerability of any traditional economy. Some countries with very high inflation rates such as Venezuela, Argentina, the few people who know BTC can assure that their particular economies have improved remarkably compared to the average where they live, if the price of BTC drops in price it does not matter, it is still higher because making the change to local currency or dollar or hard currency is still something very attractive and improve your life.
But, you cannot force people to make use of Bitcoin, it’s a choice. You just have to teach them about it and they will do whatever they want or think is best for them. Right now, I don’t think that there is anyone who don’t know about Bitcoin.
A lot of people already knows about Bitcoin, it is always on the news every time and you’re likely to meet someone once in a while who would talk about it, either in real life or social media. So, it is nothing new at all, people are aware of it. Anyhow it still remains that it is like their choice if they would want to make use of it. That’s just what I think.
A lot of people already knows about Bitcoin, it is always on the news every time and you’re likely to meet someone once in a while who would talk about it, either in real life or social media. So, it is nothing new at all, people are aware of it. Anyhow it still remains that it is like their choice if they would want to make use of it. That’s just what I think.
by the help of social media for sure they can really convinced people to buy bitcoin because of his good views when it comes bitcoin as prince. Because indeed if we will talk about inflation it's definitely a big problem especially on whats happening right now wherein the prices is getting higher again such Oil, Gas due to the conflict between Russia and Ukraine.. For me IMO as a prince we should find freedom and ways to bypass the inflation in paper money and spread the good news so that everyone knows.. Not just setting down and watching people suffering from the inflation..
The government always pumps money, thinking that it is going to help the but in turn it becomes a really bad move for them to make because it makes everything to be worse. The situation is bad and the government pumps more money and create inflation. The currency loses its value and things continues to get more and more costly because of the printers printing more money.Sometimes it makes me wonder if the government is really aware of the consequences of the action that they are taking or they are just being stupid on purpose? Can’t tell me that they are not aware of the consequences, they know for sure, but still continues with it
.
I agree with what he said in the interview. He's a smart guy who did some trading and knows how things are being run. I wish him the best and hope we'll have more people like him in high places.
I'm starting to like this guy.
A true maxi
A libertarian as well. The best type.
It's not buying that matters but holding. When someone hypes it and then starts talking shit about it like Musk did last year it brings nothing good to the space.
Quote
When the topic of crypto came up, he started commenting on the value of cryptocurrencies, but after a few sentences, he corrected himself by saying, “Not crypto but bitcoin. It’s only about bitcoin.”
I'm starting to like this guy.
A true maxi
A libertarian as well. The best type.
Well, he literally works giving financial advice to people in London. So, his opinion clearly will influence some people to buy Bitcoin.
It's not buying that matters but holding. When someone hypes it and then starts talking shit about it like Musk did last year it brings nothing good to the space.
There will always be hardcore nationalists in every nation, you should not consider that as a threat, even at the top there will always be some, but that doesn't mean anything until there is an action. Hell some people do not even believe it themselves but do it for power or votes or money (bribes). Do not worry, I believe that nothing will happen.
Plus, getting bitcoins name out there as "best weapon against inflation" is a great deal, I really hope that more and more people realizes this. It was one of the main reasons why I got into it as well, I hated fiat and how it worked, so I got into crypto and it has worked wonders so far, there is room for everyone too!
Plus, getting bitcoins name out there as "best weapon against inflation" is a great deal, I really hope that more and more people realizes this. It was one of the main reasons why I got into it as well, I hated fiat and how it worked, so I got into crypto and it has worked wonders so far, there is room for everyone too!
It's great that he already recognized what bitcoin can do to inflation, but it will be better if he can use his influence (though little) to make people be aware of the positives of bitcoin. He came from a financial background, and sure enough he knows what he's talking about. All he needs now is the drive to let other people know of bitcoin, and educate them enough for them to make the switch, or at least consider bitcoin as a part of the future monetary system.
His background tells that he is into financial markets so he probably build some interest in bitcoin. Now what? Well he figured out that bitcoin is much better in fiat as it can fight inflation. Have you check the link provided by the OP?
The guy was a royal and I think royals are more wealthier than a regular millionaire or billionaire. They might not be as popular as a celebrity because they are not seen on the TVs or in the media very much often but any celebrity is nothing compare to a royal. More countries now adopts bitcoin and soon btc will be adopted globally but I think fiats are still be the priority so no inflation aren't going to disappear permanently.
The thing about Royal families in the world is that except a few of them, the income is a huge amount and paid by taxes most of the time. I am not very well versed about Serbian prince, but I can talk about UK queen, and she is paid by the taxes most of the time, or at least owns enough places given to her by title rights that make her good income (and the whole royal family of course). All that "oh the prince left the family" drama? He is still making over 2+ million dollars from the tax payers.The guy was a royal and I think royals are more wealthier than a regular millionaire or billionaire. They might not be as popular as a celebrity because they are not seen on the TVs or in the media very much often but any celebrity is nothing compare to a royal. More countries now adopts bitcoin and soon btc will be adopted globally but I think fiats are still be the priority so no inflation aren't going to disappear permanently.
All in all, they are rich enough to make these type of financial decisions because they have a lot of money, but they could also make mistakes since it will not matter for their future.
It seems like this guy is a diehard Bitcoin supporter,but so what?
He isn't some multimillionaire,billionaire or a celebrity.His opinions won't influence millions of people to join the Bitcoin world.He is a member of the aristocracy,but that doesn't hive him any authority whatsoever.
Maybe inflation will disappear,if Bitcoin gets globally accepted as the one and only global currency,but I can't see this happening.The central banks and the governments will try to do whatever they can to preserve their monetary power and control.
His background tells that he is into financial markets so he probably build some interest in bitcoin. Now what? Well he figured out that bitcoin is much better in fiat as it can fight inflation. Have you check the link provided by the OP?He isn't some multimillionaire,billionaire or a celebrity.His opinions won't influence millions of people to join the Bitcoin world.He is a member of the aristocracy,but that doesn't hive him any authority whatsoever.
Maybe inflation will disappear,if Bitcoin gets globally accepted as the one and only global currency,but I can't see this happening.The central banks and the governments will try to do whatever they can to preserve their monetary power and control.
The guy was a royal and I think royals are more wealthier than a regular millionaire or billionaire. They might not be as popular as a celebrity because they are not seen on the TVs or in the media very much often but any celebrity is nothing compare to a royal. More countries now adopts bitcoin and soon btc will be adopted globally but I think fiats are still be the priority so no inflation aren't going to disappear permanently.
Well, he literally works giving financial advice to people in London. So, his opinion clearly will influence some people to buy Bitcoin.
no doubts, and by the help of social media for sure they can really convinced people to buy bitcoin because of his good views when it comes bitcoin as prince. Because indeed if we will talk about inflation it's definitely a big problem especially on whats happening right now wherein the prices is getting higher again such Oil, Gas due to the conflict between Russia and Ukraine.. For me IMO as a prince we should find freedom and ways to bypass the inflation in paper money and spread the good news so that everyone knows.. Not just setting down and watching people suffering from the inflation.. 
It seems like this guy is a diehard Bitcoin supporter,but so what?
He isn't some multimillionaire,billionaire or a celebrity.His opinions won't influence millions of people to join the Bitcoin world.He is a member of the aristocracy,but that doesn't hive him any authority whatsoever.
Maybe inflation will disappear,if Bitcoin gets globally accepted as the one and only global currency,but I can't see this happening.The central banks and the governments will try to do whatever they can to preserve their monetary power and control.
He isn't some multimillionaire,billionaire or a celebrity.His opinions won't influence millions of people to join the Bitcoin world.He is a member of the aristocracy,but that doesn't hive him any authority whatsoever.
Maybe inflation will disappear,if Bitcoin gets globally accepted as the one and only global currency,but I can't see this happening.The central banks and the governments will try to do whatever they can to preserve their monetary power and control.
Well, he literally works giving financial advice to people in London. So, his opinion clearly will influence some people to buy Bitcoin.
It seems like this guy is a diehard Bitcoin supporter,but so what?
He isn't some multimillionaire,billionaire or a celebrity.His opinions won't influence millions of people to join the Bitcoin world.He is a member of the aristocracy,but that doesn't hive him any authority whatsoever.
Maybe inflation will disappear,if Bitcoin gets globally accepted as the one and only global currency,but I can't see this happening.The central banks and the governments will try to do whatever they can to preserve their monetary power and control.
He isn't some multimillionaire,billionaire or a celebrity.His opinions won't influence millions of people to join the Bitcoin world.He is a member of the aristocracy,but that doesn't hive him any authority whatsoever.
Maybe inflation will disappear,if Bitcoin gets globally accepted as the one and only global currency,but I can't see this happening.The central banks and the governments will try to do whatever they can to preserve their monetary power and control.
The Royal family of Serbia is almost as important as a gin salesman in Iran.
This was funny but it is not accurate. At the very least you could see him as an influencer or a celebrity and you should never underestimate the power "celebrities" have on the brainless masses. The double standards Russia-Ukraine situation revealed and the fact that media dictates what most people should think is an excellent proof that majority of people only concern themselves with what they are told to be concerned about and ignore everything else that is going on in the world even if they are more important.
With Bitcoin, you don’t have the freedom to keep printing. You have a cap of only 21 million bitcoins that are going to be produced. Therefore it’s never going to be an inflationary asset and this helps to protect people.
Yeah, you have freedom to keep printing. We have a cap of only 21 million bitcoin but this doesn't mean that it can't be increased. The rules of bitcoin can be changed with Hard Fork.To be honest, I can't imagine economic giants like China, the USA, Japan, Germany using the currency that can be mined by a random guy at home. The governments can just turn off the money printing machine but they don't want it, no one cares about the society, the problem is our mentality. Politicians build their happiness on someone else's pain.
Bitcoin will always have a maximum of 21 million coins. Changing this amount in a hard fork as you mention is one example of a prohibited change:
Quote from: https://en.bitcoin.it/wiki/Prohibited_changes
These changes are considered to be against the spirit of Bitcoin. Even if all Bitcoin users decide to adopt any of these changes, the resulting cryptocurrency can no longer be considered "Bitcoin" because it has diverged too much from the original design.
We have a cap of only 21 million bitcoin but this doesn't mean that it can't be increased. The rules of bitcoin can be changed with Hard Fork.
You also need consensus for this kind of move, else the hard fork will end up in just another useless shitcoin like you BCH, BSV and all their lesser known cousins.
And you won't ever get consensus for that since it would make all the existing coins less valuable (so the voters are already bribed to keep the current situation).
Jump to: