Название | : | The Immaculate Conception: Bitcoin vs Fiat Standard | Dr. Saifedean Ammous | EP 203 |
Продолжительность | : | 1.58.46 |
Дата публикации | : | |
Просмотров | : | 1 jt |
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monero has had a lot more ACTUAL use and is far more user friendly than bitcoin with advent of blockchain analytics bitcoin is actually less private than a debit card or credit card, and as a side effect has fungibility issues among many other ills monero is far more likely to replace fiat in e-commerce Comment from : Eli W |
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Would be great if he understood that monero is the hardest money ever created Even bitcoin's creator Adam Back admits to this issue in bitcoin brFungibility makes sure bitcoin will never be used as a currency Comment from : Aviato |
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18:24 "ugly story"? Wtf Inspirational? he didn't mention that satoshi still has millions of btc and has tremendous influence on the market Comment from : Quas |
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listened until Dr Ammous started suggesting that smartcontracts on Ethereum are nothing more than a pump and dump scheme? Comment from : rabbidfly |
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Building wealth involves developing good habits like regularly putting money away in intervals for solid investments Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future… I pray that anyone who is reading this will be successful in his or her life!!! Comment from : Cristian Montano |
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Part 2 soon? This was great Comment from : Assar |
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My 3rd time watching this interview, more Austrians economics ! Comment from : Kieran Moriarty |
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Investing in the crypto market earlier this year regardless of the crypto market conditions has saved my life I made over 80k USD with a start of 25k in the last 7 months I know it's nothing compared to what others make but I'm glad I'm changing my finances with Gustavo Hillard Comment from : Stanley Dubois |
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Best interview ever Comment from : Denver HODL |
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In-depth discussion, with all points reasonably well fleshed outbut I'm still somewhat baffled Perhaps I'm mentally deficient? Comment from : Martin Lee |
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I love Bitcoin but by no means is this guy representing cryptocurrencies accurately First lie is to say that Bitcoin hard forks have lost all value BCH is still worth billions even if that is not a lot compared to Bitcoin it is very far from 0 Ethereum is half of Bitcoin's marketcap so price action alone is not a good argument Comment from : Teleport Labs |
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The best podcast about btc, hands down Comment from : Crypto Crunch |
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"we use to suffer from problems, we now suffer from solutions" - 30:48 Comment from : D G |
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Hey Comment from : iBelieve |
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Instead of arguing the point of why bitcoin is better than fiat currencies etc, instead run a computer model of how everyone in the world would use 21million bitcoins as a currency for goods instead of all current currencies and see how it would work or not And if not show the downfalls and why and if so show the pros to using it in practical terms Comment from : A E |
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saifedeen knows his stuff Comment from : SatGuru |
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Whoever listens to this and still doesn’t see the importance of Bitcoin is either unintelligent, intellectually dishonest, financially conflicted, or morally corrupt Full stop Comment from : K Q |
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What if an exact replica of the bitcoin network is created ? Decentralised nodes, exact hash capacity and exact same algorithm ? Does that increase BTC supply ?? Maybe costs 30-40billion to set up but 10x on investment at current market cap …? Comment from : Dhrumil Shah |
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Like my mother's fruitcake: loads of fruit and little fill This ages so well in so many ways Thanks to both of you Comment from : Mike S |
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Just got the book, it was sitting at a 40 fiat discount 😊 Comment from : PhoenixEdits |
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The only place you can currently spend Bitcoin, that I know of, is Bullion sellers What's happening?brAre gold sellers trying to save Bitcoin dups, or are they shifting out of physical into virtual? You decide edit:typo Comment from : Greg Fridholm |
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s1:32:35 There was a time when I could buy a new Chevrolet in Indiana with Bitcoin There was a day when Microsoft and Tesla accepted Bitcoin for their products But they quit Why? Comment from : Greg Fridholm |
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1:21:31 What happens to the network when the last coin is mined, and the last miner goes offline? Evaporation?brEDIT: Fiat, eh? Comment from : Greg Fridholm |
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Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them Well, at least my advisor does too, jokingly Comment from : Raul Romero |
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Why am I only finding this a year after it was posted Awesome discussion and observations on the corrupting power of Fiat money Thank goodness for Bitcoin Comment from : knoworiginality |
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This is gold Please do an episode with Michael Saylor Comment from : Ni Ke |
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17:20 actually Jordan, the digital cash idea has been thought up since the 80s but every time a similar idea got traction it failed at some point usually with the double spend problem… Satoshi was able too solve the double spend problem by programming bitcoin on blockchain technology Comment from : Ben Hart Art |
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I hate these new bitcoin gurus and definitely this guy they are leeches of the work from the ones before them and are passing it as their own Like seriously you created a book 10 years AFTER bitcoin even got created just repackaged writings and thoughts of Andreas Antonopolous talks and Mike Maloney Hidden Secrets of Money series Comment from : iamdenpuma |
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Bitcoin is overhyped by those who own itbrIt's just a programme aka appbrReplicating IT is easy LTC Comment from : icrypt |
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I love BTC but HEX imo is the "better " bitcoin Its just software, cannot be stopped Comment from : Archie S |
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Do it again, please :) Comment from : Geo Geo |
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Two of my favourite pundits/teachers I never knew that the twain did meet - JOY! Comment from : Ron Atola |
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There's a lack of deep-thinking and an overflow of rosy dreams surrounding the Bitcoin-sagabrbrIt still is only a vehicle for speculation You can't rely on it for buying anything in the real worldbrbrBitcoin will not become the world's new currency, because no sovereign country with a modern economy will ever be ready to give up it's control of the printing of moneybrbrIt's all a smoke-screen, unfortunately Comment from : Pekka Astrom |
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Reading "Fiat Standard" now I need more Bitcoin Comment from : UFO-nut |
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Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $13,000 every single week Comment from : Christina Overman |
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To answer JP question as to why bother mining if it cost the same as purchasing They also will get transaction fees from the block that individuals have paid to have there transactions verified This can be as much as the block reward if not more Im with JP that this concept alone it pretty insane never mind actually implementing it Its like if someone had just come up with the idea of modern electronic fuel injection on there own in the 1950s Comment from : Will Speakman |
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Judge Rules Craig Wright Must Prove He is Satoshi In January Before His Lawsuits Proceed
brIn Tuesday’s ruling, Judge Mellor decided that this question will be resolved for all cases during a January 2024 trial As Judge Mellor wrote in the ruling, the results of the January trial will determine whether the other cases will go forward
brBitcoin SV seeing gains because if Craig proves he is Satoshi in January BTC could be in trouble Comment from : DSFLAT |
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1:36 I knew a friend that would send his Cuban girlfriend $100 and it would cost him $50 to send $100 Comment from : Tracy Watts |
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>>Great video! I really do have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally What’s your take on this approach? Comment from : Sammy Scotty |
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This guest has no clue what he's talking about and is indicating confidence in the functionality of altcoins as if he knows it to be true when he cannot verify these claims You cannot generalize everything but Bitcoin as being a pump-and-dump or having no real use case when there are many projects that are legitimate and have very strong use cases Just not in a field or area that this particular individual can recognize Bitcoin maximalist who doesn't understand the difference between able to do and is doing Comment from : conglomeratehq |
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💖 Comment from : KBS |
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Plenty of insiders Search bitcoin myth of immutability Comment from : Crypto Diaries |
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Saif is doing God's work! Highly recommend reading Part II of his book, The Fiat Standard Comment from : Kris Gaard |
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TRADING CRYPTOS HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIMES AND FAILED, I TRADE ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH Comment from : Amelia Thomas |
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Fantastic, read principles of economics too by Saif Comment from : Abdullah Makki |
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Trading is what you are doing wrong, stack Bitcoin long term dc and stop being short termist Comment from : Abdullah Makki |
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The real questions weren’t asked It doesn’t matter if there is a limited and anticipated inflation! Unexpected inflation is an issue or hyperinflation would be toobrJordan Peterson, whom I like, has little understanding of economics Because of it he never pushes against the axioms of the interviewee Comment from : Félix Foucher-Paquin |
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It's really simple, the more you systematically mess with the value of the currency, the more it is devaluedIf you hear me out, it should work like this Leave the bloody thing alone Printing money should match only with what is created or to replace existing circulation Printing money for any other reason is essentially theft A person who has $100 in the bank and if the government prints 20 new dollars to give for "X reason" is essentially taking money $20 from those who saved it and giving it to "X" Comment from : Adrian Sanchez |
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Thank you, it was very interesting Comment from : Andes |
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bGreat video! I really do have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally What’s your take on this approach?/b Comment from : Grayson James |
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A brilliant discussion to say the least Thank you both Comment from : Alejandro |
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Thanks! Comment from : Tony Scott |
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The relationship between external factors such as inflation data and the Federal Reserve’s and their impact on the cryptocurrency market, particularly bitcoin is truly intriguing As the financial landscape undergoes rapid transformation, it becomes crucial to recognize the increasing significance of alternative assets like Bitcoin, ethereum embracing adaptive, innovative approaches In the midst of these market shifts, it’s commendable that individuals like John Desmond Heppolette, are thriving by utilizing effective trading strategies My success in amassing 42 BTC within eight weeks highlights his profound market knowledge, expertise, and well deserved reputation as a visionary in the world of cryptocurrency investment/trading Comment from : Christiana Emilio |
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Bitcoin and the US dollar are both fiat currency, which are not backed by gold brThe US dollar has the man built in both because of the petrodollar and taxing authority of the US government, and it has a strong military, which it could use to bully people who do not do what it wants The code for bitcoin was created by the NSA and it’s trademarked You can look it up You’re a huge, bitcoin, wallet that it dumped would crash the price of bitcoin and act as a pretty good vehicle to rob a massive amount of people and take all of their liquidity away from them I just thought you should be aware of this bitcoin is also said to be digital gold, but it is not backed by gold and cannot be redeemed and gold so it is not digital gold, but rather just uses that as a marketing slogan, since it has failed and its original purpose of being a peer to peer non-government based currency, or a medium of exchange It failed because it is slow and expensive to use as opposed to something like XRP, which is fast and cheap to use Thus the banking system at some point will jump on the XRPL and the price of XRP will likely skyrocket That does not mean that XRP is any less rigged by the elite than bitcoin just that the protocols are better technology and functional and it’s business plan case is better Comment from : Sean Eustace |
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When Bitcoin first came out there were only 20 million possibilities by a factor of 1 to purchase it Now they have added 8 or 10 or 12 more decimal points so there is actually trillion or zillions of them That's the truth It can be changed Comment from : blindman |
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A fascinating conversation Good job! Comment from : Greg Diprinzio |
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This guy is a bitcoin shill Don’t go near it Comment from : greenlanternNT |
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Carbs in the air BAAADbrCarbs in the food, keep eating it peasant Comment from : Mikisoq |
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Satoshi equals Satan Comment from : Narrow is the way |
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Very very insightful Thank you for this valuable discussion Comment from : Alihan Streaming |
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Money and currency same thing Comment from : Valerie I Vanorden |
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Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $28K every single week Comment from : Jack Morris |
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It’s trash 🤣 they haven’t done it yet is no reason they can’t later Comment from : Danny Wilkins |
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Real physical Gold in combination with blockchain technology would be the hardest asset and a game changerbrDon't get fooled with Bitcoins virtual Ponzi scheme by promoters as this not-so Austrian economist and others like Michael Saylor and Max Keiser Comment from : redtroika |
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Only physical gold and silver are moneybrUS Constitution confirms this fact Comment from : redtroika |
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Please interview dr Craig wright Comment from : Samm |
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"Governments are going to bring out their tanks before they give up their control of the money supply" - Brad Garlinghouse, CEO brbrWe are still so very early in this digital fintech world The utility of crypto assets has yet to be implemented on a global scale brbrUtility is a key word, Bitcoin has no utility And will never be adopted by global central banks Remember they have guns and tanksbrbrWhen governments start to implement their CBDC you can bet they are going to do something about Bitcoin…Bitcoin just doesn’t work Comment from : Dennis Galloway |
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Fantastic conversation spanning BTC to Energy and Economics to the education system Well done Comment from : Roky Miller |
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Central planning is believed possible by people who have an ideological view of the world but the problem with ideologies in general is that they presume to be able to fully understand an infinitely complex and changing world with a childishly simplistic bunch of rules of thumb which can be counted on one hand Ideologies are suited only to infants and central planners are overgrown terrible infants Comment from : Ray Rivas |
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Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $13,000 every single week Comment from : Daruin Caicedo |
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Very impressed with all of the good information being passed on through Dr JBP’s podcasts This discussion is no exception, lots of great information However, I would argue that his guest is myopic in his dismissive attitude toward altcoins and the multi-various use cases and real world solutions that altcoins offer that Bitcoin cannot do He essentially says that altcoins don’t do anything useful that bitcoin cannot already do He’s way off base with that assessment, as well as his assertion that things like NFTs and smart contracts are just “fads” I’ll never understand why some crypto experts are so gung-ho on Bitcoin and Bitcoin only that they can’t see the value in other cryptocurrencies It’s almost (in fact, not almost- it is the same thing) like sports fans who can’t root for any team but their hometown In other words, it’s based in some kind of emotional attachment rather than logic Bitcoin is the first and therefore oldest and most basic blockchain technology The fact that there are several newer more sophisticated block chains that have been built since Bitcoin that accomplish things Bitcoin wasn’t designed to accomplish seems to really bother some bitcoin fans Comment from : Jeff Hatch |
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Your controllers spend all this energy convincing people not to buy gold The dim witted fall for it Comment from : Steve Hall |
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I am very pro-biofuel Comment from : Cosmic Oracle |
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The reason money supply must increase in accordance with a controlled algorithmic percentage is that each person adds to the total economy at the level of their labor and creative efforts The total supply of "money" is designed to be aligned with the total value of the commodities under the monetary system If the value of the collective contribution to the economy grows, the currency should grow with it If a currency's value grows at an equal rate of the economic growth, it would discourage investment as the value of the currency would have a return without application to labor or creative application If the currency's value shrinks at a slight percentage above that of the growth of the economy, people are encouraged to move their wealth out of currency and into business, labor, or ideas If the value of the currency grows faster than (as if there were a limited supply, like Bitcoin) the economy, people with money will see growth at a greater rate than they would get in return for hiring a worker Why would they spend the money to hire if the money they have to pay will be more valuable than the return of labor the individual worker? Comment from : Dane Kappler |
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I'm celebrating a $30k stock portfolio today I started this journey with 4k have invested on time and also with the right team now I have time for my family and the life ahead of me Comment from : Mr Jonathan |
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What do you think of xrp? Comment from : Daisy |
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Awesome, thanks Comment from : Michael Davis |
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7 billion people 21 million bitcoin sounds suspicious Comment from : saint patrick |
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Your amazing educatorty Bitcoin is not about the creator of itit is about the art and decentralized system that cant be bought by anyone SECURITY Comment from : Action Jackson |
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No to Bitcoin, it doesn't exist as a true form, beware Comment from : Andrea Donovan |
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Excellent topic Comment from : CONTENT MEDIA DESIGN |
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Bitcoin has no utility, it's digital Fiat, dependent on the Internet and electricity, who controls the Internet, and electricity, the government, the government has a monopoly on counterfeiting paper "money" , the gov can and has siezed Bitcoin, that means they can track Bitcoin, they have put ppl in prison for not paying taxes on Bitcoin Gold and silver are finite resources, and they have utility, they are sound money, ppl keep saying there can never be more than blah blah Bitcoin, well an algorithm, makes it so, changing some code would make more Bitcoin, and it's digital, not real, Bitcoin is not a finite resource Darpa and the fed reserve and world banks prob made Bitcoin Comment from : John James |
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