Will Bitcoin Make Gold Great Again?

in #bitcoin7 years ago

A fantastic episode of Keiser Report (if I don't say so myself!)

In the first half, we discuss Ned Naylor-Leyland (a frequent guest on Keiser Report over the years) coming around (at long last) to seeing bitcoin's value for gold bugs.

In the second half, Max talks to Jameson Lopp of BitGo.com about 'hyper-bitcoinization.'


Watch it and learn a little, laugh a lot! Enjoy the ride.

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[Signed, Stacy]

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Cool and interesting video!

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I heard this on whalepool....

You guys are my fav. Thanks for all your content. Max always reminds me how stupid this all really is. I love it.

I’m just watching it now, cheers

BTFDYFI - Buy the fucking dip you fucking idiots :)

Awesome report, so much energy and enthusiasm. You guys crushed it.

Well at least with gold you can carry it from one place to another without the IRS finding out about it.

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Yes I'm link bombing, but I think this is information that needs to be shared.

Coinbase considers transfers of crypto off the platform as a sale for later reporting to the IRS.

Please Resteem..

https://steemit.com/bitcoin/@pawsdog/coinbase-reporting-coin-transfers-off-platform-as-a-taxable-event

@pawsdog

Bitcoin is there to stay if they can not win join them

In one form or another I agree with you. I see Block Chain as here to stay, BTC will have to improve it's technology and the POF concept if it wants to stay on top forever

@pawsdog

Hope everybody was reasoning like you bitcoin price could be worth $1000,000

I'm not in love with the BTC business model. I love the hype and the price surges but the business model kinda sucks.

bitcoin will be a store value, people dont like to spend something that increases in value, on the other end sellers want to be paid in bitcoin even if it takes time because they also know it's going to increase...

Not everything increases all the time, if everyone is on one side of the table who is making money? Why do people buy BTC? To sell at some point of course, but when is the right time? At a point everyone will think the same thing at the same time and begin to sell.. Also the business model of bitcoin sucks...

Look in the comments for the math on miners fees..

https://steemit.com/bitcoin/@pawsdog/is-bitcoin-really-decentralized-or-are-we-being-led-like-lambs-to-the-slaughter

https://steemit.com/bitcoin/@pawsdog/need-mathematical-help-mining-costs

The hell with us, I need to know if the business model is a good one from the point of the people that actually control the network..

and he will grow

Bitcoin is the new gold, gold is a thing of the past :D

Does this mean that the era of bitcoin will someday collapse in the air?

We never know, in my opinion btc will be like gold on the economy, a store of value, getting rare each day

Hi Stacy, Nice one... resteemed! If you can regularly post your RT videos here you will build a huge following on Steemit and fill your coffers with Steem! Steem is gonna blow up in 2018 and it will dwarf all your YouTube earnings. So why not double dip and post them here too! Nonetheless, I know you guys are very busy so we appreciate every post that you contribute to our platform.

I will try to post more; at least those that I think the Steem community will like. Yes, we've been quite busy with a few things, namely filming the Great American Pilgrimage which took across the USA . . . I had no idea whatsoever before the journey that there was NO 4g or even 3g reception in vast swathes of the country. LOL. We were without internet for basically two weeks. That set in motion a long catch up period when I made it back online. :D

Good to hear that you'll be posting again on Steemit!

Understood... sounds like quite an experience. Can't wait to check it out. I enjoyed your little teaser posts! By the way, all things Max and Stacy are viable on Steemit!

People are so brainwashed by the financial system...fiat paper garbage is based on debt and drops in value everyday killing the middle class that can’t even realize, since gold is no longer the world’s currency central banks have committed all sorts of fraud.
A huge Ponzi scheme that may finally collapse thanks to bitcoin and other cryptocurrencies, excluding the fraudulent middlemen cartels that enslave 99,9% of people for the benefit of the 0,1%.