Topic: Prince Philip of Serbia: "only way around inflation is Bitcoin" - page 2. (Read 548 times)

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.

it is a special feature of the people in the Balkans. it's hard to say, I was wrong.
I can also say that I have never heard of any Croat criticizing the ethnic cleansing operation "Oluja", where several hundred thousand people were expelled, some killed, mostly civilians.

you are going too far and you only insert the facts you want to hear.
I never denied ^{neither here nor in real life} the bad things that happened. as I said earlier, a certain group of people were doing terrible things, by such conduct, they have inflicted immeasurable damage on their people as well.

I'm talking about the period in '99, and you keep coming back to '91. there is no particular connection here
the whole discussion was raised because I said that ordinary people in Serbia know very well (based on personal experience) what ordinary people in Ukraine are going through. I did not reveal the reasons why these aggressions were initiated.


Can you find any official statement or a speech where they say something like that? I am thinking of officials and government representatives.
please just not something from the obscure tabloids.
he must not even think about it, because he will lose even such a fragile support of Europe, and that would guarantee his end. (I am talking about our president because only he decides everything)

I will come out of this discussion, you involve me deeper and that really isn’t a topic I want to discuss. I stand for the side that wants to break away from the structures represented by the current own president and everything that happens here is already enough torment.

Thanks for clearing up. And I'm sorry to hear that it's such a wide opinion. I really hoped for better...


Denial is common in human kind history. And I can easily guess that state propaganda encourages that.
In these times the information travels so easy it's sad to see people choose to believe what comforts them instead of what real.
But yeah, if @examplens tells the same, having "insider" information.. I cannot deny that.


I laughed on this, but you're not completely correct/accurate.
He has a small chance to influence the people. It's not the government so it clearly won't do much, but it can be a start, especially as people tend to be more receptive to their own public personalities.

There is nothing complicated about what happened in 1991 and after, everything is publicly available and everyone knows that no country attacked Serbia at that time, and that Serbia committed horrific crimes that you still do not admit - how many children were killed by Croats in Serbia, how many churches and houses were demolished in your country? Then at least 90% of Serbs were for the war, today 90% of Serbs are for Russia - and you have the same people in power who committed crimes in 1991 - which speaks volumes about how much you have changed.


You call your president and prime minister keyboard warriors? Well, they openly support the annexation of Republika Srpska, which was created on the basis of ethnic cleansing - and if it is not the appropriation of someone else's territory, then I don't know what to call it - and let's not forget what is happening with Montenegro.

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I have not yet met a Serb (from Serbia) who will admit that they as a people have done anything wrong - 402 graves of innocent children in my country are a fabrication for them, and the same attitude will be in Russia towards all Ukrainian victims.

I lived at that time and I know very well how we lived. at no point did I state the reason why this happened, the fact is that Serbia was attacked by NATO and in that attack the biggest number of victims were civilians.


Again, I live here, talk with people, there is a possibility that I have a better insight.
no, there is no serious story here about big Serbia or any aspires to any neighbour. these are just empty stories of your politicians and don't believe every word of them, they will say anything to improve their rating.
So, again no one here is interested in other territory or any kind of war with neighbours. Of course, everywhere you can find a couple of drunken nationalists or keyboard warriors who have no life of their own who speak such nonsense.


I am only writing here about the opinion of a good deed of the population.
long to explain, but to try to simplify. the opinion of pro-Russian Serbs - all the states that support Ukrajina at the moment, in the '99s were with NATO, and against Serbia.
About history, Russia's influence in Serbia dates back a long time, unfortunately, it did not bring much good. it is a big burden that pulls the state backwards.


Russia currently has an identical excuse for attacking Ukraine. 

What surprises me here is that Serbia still has a royalty. I don't think that bitcoin is the sole solution to inflation as it's not really a bad thing if it's a controlled and maintained at a really low percentage of 2% or 3%, inflation isn't as bad as it sounds because it's a sign of growth. Maybe finding ways to create a deflation that can bring down the inflation rate to a normal level.

I am going to use something one of my all-time favorites, Del Trotter said for something completely different but parts of his statement can be applied here as well. The Royal family of Serbia is almost as important as a gin salesman in Iran.

Serbia was bombed for the atrocities they committed in Croatia, Bosnia, and Kosovo. War crimes including systematic rape of women and genocide. If Serbia is a victim of NATO bombardment, what term do we use to define the hundreds of thousands of dead and deported by force from their homes in the 3 above countries? Not to mention death and torture camps. But that's not part of today's discussion.

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I agree with most of the things the Prince said and he didn't say anything new. But good luck trying to convince the government to give up on their control, especially in a territory like the Balkans where crime and nepotism is a normal every day occurrence.   

At one side I agree with this guy that BTC as a major and legit cryptocurrency in a long run may save your long term savings from inflation, which is still risky.
But from the other side, it is very stupid to try making BTC a cure for every economic disease (especially if that was made for sake of using crypto). There are some more things that are pushing the inflation. For example: due to covid in the UK there was not enough truck drivers to deliver fuel to the gas station (and pretty much the same situations with usual retail). In this case deviations of supply and demand caused inflation. How da hell Bitcoin would save us from it?

You've mixed up apples and oranges very badly. I won't be as straight as Lucius, but I tend to agree with him.
Also Ukraine is not part of NATO, so your analogy doesn't stand.
No offense, but I hope that the average Serbian doesn't have this... distorted... view over the history.

What is happening in Ukraine has nothing to do with what happened in Serbia in 1999, and is the result of several bloody wars that Serbia has started in Croatia, Bosnia and Herzegovina and finally Kosovo. If you wanted a comparison, then you should have mentioned how Serbia, as a superior enemy, attacked Croatia, occupied a third of the country and killed over 400 innocent children in its bloody campaign, and the horrors that followed in Bosnia and Herzegovina are the worst crimes against humanity since 1945. People like President Vucic have personally participated in these crimes and are still in power.


I would not agree with that, most Serbs support Russia and the current regime, just as they continued to support the creation of a Big Serbia in 1991, and today they have a project of the Serbian world - in other words, nothing has changed in the past 30 years - Serbia still aspires to the territories of neighboring countries.

There is no specific mention if the one he is working with is into Bitcoin or advising their clients who are interested into Bitcoin or cryptocurrency for that matter. Now, it is good to hear that someone of a royal blood coming from Serbia really understood how fiat money is working and how printing of more money is actually robbing the future generation just to stay afloat in the present. Inflation is now a main issue in many parts of the globe for many reasons and in the USA the administration of Biden is not getting a big success in dealing with it so much so that at the start of the Ukraine invasion they are seeing a golden opportunity of blaming Russia for the continuing rise of prices of even basic commodities. Reading through the quotes above from this prince, I am sure then that we have another Bitcoin supporter...and hopefully he is also a hodler.

a lot of Serbian politicians are themselves involved in Bitcoin and cryptocurrencies. Usually mining & low-cost electricity. They also recognized the opportunity to keep some of the money from corruption anonymously in Bitcoin, so this is one of the initial reasons why they are friendly to cryptocurrencies.


yes, the royal family is essentially only on paper. they don't even enjoy any special benefits based on the title, although they don't even try to do something special. For example, the prince doesn't know his natural ^Serbian language.
it's certainly good to hear when someone with a pedigree says good things about Bitcoin.


it's a really long story and can be very complicated to explain.
Serbia is in a big dilemma here, in 1999 experienced similarly what is happening in Ukraine, bombing and destroying civilian infrastructure. So we certainly sympathize with the people of Ukraine, we know very well what they are going through. On the other hand, the attack on Serbia was by NATO, so it's hard to give support to someone who tore down your bridges, factories etc...

Unfortunately, a right-wing autocrat is currently in power in Serbia, and a good part of those who support him have a friendly attitude towards Russia. The problem for him is that elections are at all levels on April 3, so in case he condemned Russia and sanctioned them, he would pay the price by losing his position. it is to be expected that after the election, ^{in the event of his victory}, he will nevertheless impose sanctions on Russia.

certainly, the majority of the population has a reasonable attitude here, and are clearly against the aggression on Ukraine. They show it by various actions, but unfortunately, that part belongs to the media that have an autocrat against them and any information from that side is very difficult to get public.

I wanted to say that your knowledge of geography sux, but then I had a second thought:
with so much cheering in Serbia about Putin's war, you may not be that wrong actually...
(Yeah, I know, I know, most Serbians are OK and what the media shows may hurt them as well...)


Well, he's just a public figure with good views about Bitcoin. While I clearly don't mind more of those, unfortunately he cannot make much of a change. He may convince a few more give Bitcoin a chance, but that's all.

Well. First things first.. Is Serbia a country?? Isn't it like a part of Russia??

Ohh ohh..Thats Siberiaaaa! LOL

Anyways, I am happy to know that HRH Prince Philip is actually working. I do wonder how he has ended up with asset management after studying what sounded to me like "Hotel Management". Well i guess, industry is no bound when you are royal blood.

All well as the Prince seems to be pretty sincere and open with his thoughts about Bitcoin having the ability to free people and take us to hard money. The quote about "We need to take money back from the state" is quite revolutionary. We need more of you Prince.

Okay, I did some research and, despite the noble title, this is just someone who is a consultant. But he has no decision-making power at all, because Serbia is no longer a monarchy. It's all well and good that someone with a princely title has this opinion, but it's also not worth more than many economists who are positive about Bitcoin. Or did I miss something in the intention of your thread?

It's amazing what people are building a story about, a prince on paper who is still imagining a kingdom in which Bitcoin is likely to be the main currency. We had a little discussion a few days ago in the WO, and I was hoping we wouldn't have a topic like this in the BD - now I'm just waiting for someone to find out the price went up because of the prince

Given his (political) views, care should be taken that the current government does not attack him more than is currently the case (verbally). Their absolute leader (the Balkan version of Putin) killed people for fun 30 years ago, and if the prince gets involved in politics, it will not go well.

It shows that bitcoin is getting more and more popular now that people in government are starting to talk about it positively. All this hype certainly started during the last bull run, and now many politicians are claiming that bitcoin is a good hedge against inflation. Could this mean a price collapse is on the way? It seems strange to see positive comments about bitcoin coming from everywhere.

I don't see anything spectacular in it, but I don't see anything completely bad in it either.
There are countries where it works, there are some where it doesn't, as for the leftist thing, the leftist part has come to a lot of time after the monarchy itself if we look at Norway or Sweden or Denmark.
I was pointing out the fact that the east is less inclined to restore them than the west, not that it's a good idea.

As for the poeple thing, I just checked, I added it to my autocorrect as a real-world by mistake, just between mempool and hodl, so I just have about 300 of them to correct. Gives a new meaning to learning from people's mistakes, doesn't it?  

Bitcoin is indeed a good way around inflation and it is a working way too. But lets be honest, saying bitcoin is the "only" way is just a lazy statement specially from someone in power (I'm assuming the Royal family has at least some power).

The real way around inflation is to fight inflation. It starts by putting a leash on government and banks to prevent them from printing unreasonable amount of money just because it is the "easy" way of solving a financial problem they face like during the pandemic.

Take the 2008 example that was used here, we can't say the solution to that is bitcoin (although bitcoin offers the exit). The real solution to disasters such as 2008 is to first find the root problem and then weeding it out. The problem in this case was sever corruption of banking system. But of course in a democracy modern dictatorship of a carrot country the millions of jobs that were lost because of that corruption doesn't matter, the same corrupt banksters aka the minority received a ton of money while regular people aka the majority continued to suffer the financial crisis.
Obviously bitcoin offers an exit to the "majority" but I still believe the corruption should be fought before we look for an exit.

Ahh, finally someone understand the importance of "limited" supply in the economic system. Always love it when someone actually comment on the limited supply and ever increasing demand can cause the price hikes and that is also without inflation. In bitcoin, there is no inflated rates because it behaves based on "decentralised" investments which are either being put into the crypto or may be they are getting sold off for the fiat. So yes, some bearish and bullish trends will surely come up. But that is completely fine as long as you are thinking about the bitcoin usage for very long time.

Unless and until you dont trade bitcoin into fiat you are actually loosing nothing. You are just trading bitcoin to bitcoin with whatever value it is currently getting recognised with.

Remember, whether fiat is loosing value due to economic crisis or some other unprecedented events then also bitcoin is going to be bitcoin.