LAYAH HEILPERN VS PETER SCHIFF THE ULTIMATE BITCOIN VS GOLD FULL HEATED DEBATE!
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- čas přidán 4. 05. 2023
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This is a great interview Layah. Could you do an interview with Simon Dixon?!
Unbelievable what your doing for this generation and many others. Absolutely love your videos and your message. Once I reach my financial goals, I’m tryina marry a business drivin woman such as yourself. Never stop striving to be the best! And thank you for all the education you provide!!
Surely if the so called tyrannical powers decided to destroy the Internet or took total control over it by whatever means, and they chose to ban / criminalise Bitcoin, what could you or anyone do to counter it?
Surely gold would then be the better option?
Am I missing something? Perhaps not putting all your eggs into crypto or gold alone is the best advice.
Am I wrong?
You still need gold for operation of computing machinery, gold is actually needed in computer components
@@borikuaurbanopr9125 well at least its got one use case then 🤣🤣🤣🤣🤣🤣🤣🤣
It was hard watching her reject Peters information due to her cognitive dissonance. She did not like his logistical explanations and got loud and defensive quickly. Never seen her squirm like that before lol
She brought out her ego, I have no sympathy. She tried to show dominance in a field she has never played. Then still got triggered infront of her fans.
She looked naive
Women☕️
Exactly. She just put me off Bitcoin that is not even a coin
@@waldek32 lmao forreal
Damm Peter kinda has some strong points
Times
Which ones
Not here in the future
Not really. Pretty disappointing. He keeps saying gold has intrinsic value. It doesn't. Nothing does beyond what someone will pay for it and the value they place on it personally.
BTC has been strong since this interview
schiff is correct, digital food, digital house, digital money, are meaningless.
The delivery from both is very telling … one is erratic, kinetic and desperate and one is calm and delivering the goods.
and that is Peter Schiff
When comparing the value of gold and Bitcoin, it's important to note that they are different types of assets with distinct characteristics. Gold is a physical asset with a long history, while Bitcoin is a digital asset that emerged in the last decade. The value of gold is more established and recognized in traditional economic systems, while Bitcoin's value is still evolving and subject to higher volatility.
Bitcoin is not an asset.
Yeah Peter Schiff outclassed layah here on every level
I have to agree. Gold is tried and tested, whereas Bitcoin is conceptual. No contest.
it doesnt mean he is right
@@coltuppal yeah he's right. Bitcoin only have Speculative value just like a rare trading card or chips at casinos meaning the only value it processes is determined by the guy that's gonna buy your coin. Gold have actually real value because there are real constant demands for gold in not just jewelry, but also industrial applications, so gold will never run out of demand.
For Bitcoins or crypto, any competing crypto currency can cause a depreciation or if the govt ban them like china did, crypto value is gone
@@seanlee3863 you are wrong. we are in a digital age now so just like a book map is not as good as google maps and a bricks and mortar shop cant compete with ebay, same way gold is difficult to verify if its real or fake. its hard to store, its hard to carry its hard to divide there's more being found all the time and it can be confiscated. bitcoin is easy to verify, easy to store ( can store it in you head by memorising seed phrase) easy to carry even $billions, easily divided, has a hard cap of 21 million, cant be confiscated and can be sent anywhere in the world at the speed of light without 3rd party involvement. its like comparing a postage letter to email
@@coltuppal gold ownerships can be transferred via digital transactions just like shares of a company. A gold backed currency means the currency is pegged to the gold, so that would mean gold prices won't fluctuate because 1 dollar will always be able to buy that same weight of gold. Bitcoin ultimately is a Ponzi scheme meaning it's only value is driven up by the people that's willing to buy it at a higher price you paid and on is own, it doesn't produce anything or it doesn't hold anything. This means the moment people aren't down to pay for Bitcoins at an inflated cost or if there's a scandal, the buying power of your Bitcoin holdings will fall. And that kind of fluctuation is scary because indeed there maybe some people that'll get rich off it but a whole lot more is going to lose from it
Peter is 100% clearly correct.
?!
@@stevethea5250 ?! What woody?
on what?
Not really we are at 43k not 9k
@@mattkershino360You will soon be at $0
Damn she got owned. 😂
I'm surprised she posted this video of her being owned 98% of the video
Ummm... nooo... He admits that the market determines the value of lets say... gold.... but waves that possibility when it comes to Bitcoin. He mentions if Bitcoin was backed by gold then it would work.... but.... let's not forget the U.S. Dollar hasn't been backed by gold in a VERY long time and it's ironic that he'd rather fill his vault with USD than virtual currency.
Conduct your own research and apply critical thinking to each aspect. When the internet was first launched, it was said that it was doomed to fail, so was cloud technologies, and yet here we are.
What Bitcoin has to offer is security by way of transparency and the possibility to store/transfer assets quickly/conveniently. Whether you think that is good or bad, is up to you.
I'll admit, she did a rather poor job at trying to defend her position. But so did he.
@JC agreed! I commend her for debating peter but she was not the best person to do so!
Yeah but she was also trying to keep the interview from goin haywire back n forth …tough to do both argue a position and conduct the interview with a skilled interviewee. She not ready for the old school heads who been round teh block! Still love her tho. She’ll be a beast by next bull run! She need to talk more technicals on the chart and increased utility -ordinals/nft/layer 2 (lightning network). But this interview old too bad she didn’t have that in her back pocket
not really. it was a good conversation.
Best interview I've seen in a long time
Peter giving out game like nothing is amazing. Schools the bitcoin bugs in an amazingly simple way.
Floyd mayweather style
Bitcoin improves on Gold in every way, digitally engineered gold, get with the times
Literally, hes the sole reason i took my bitcoin profits out and put those into #Gold…. I still got my #Bitcoin but peter brought me back to real life with the actual real life value gold nd precious metals brings to the table. Idk why a lot of bitcoiners like saylor likes to say gold is useless when every computer chip has gold i ln it lol. So bitcoiners contradicting themselves is what made take my profits and buy gold & silver
@@joshc7865😂
You can't school the scoreboard, Bitcoin continues to outperform Gold.
What she doesnt know is that gold doesnt lose its value overnight
neither does bitcoin. look at the prices for bitcoin at the end (or beginning, or the yearly average) of each year from 2009 until now. Bitcoin has consistently kicked gold's ass! you could argue 14/15 years isnt a long time and i would agree but you cant deny the results so far!
@@blackshade1840 i know that when the hype was so big everyone of my friends bought ethereum and bitcoin for fast profits and lost. heh i myself bought hundred million shiba back in september 2020. guess what, now i dont even have the half of the value when i bought. my gold that i bought like 15 years ago is still with me and i can sell it anyday for huge profits. best thing was it never went down like crypto or any nft i bought but going bigger and bigger although it took more time and lesser but stable value compared to bitcoin. We indians buy a lot of gold. good thing we do. but hey i still got those shiba inu and my friends stillhave their bitcoins too. here's hoping something will change in the next 10 years or something
How is gold valued?
@@DripMaykr i am not talking about meme coins like shiba. Those type of coins are high risk/high reward and not meant for the long term. Your friends made the mistake of buying high and then selling low because they got scared when the market went down. should have just hodl and they would have been fine. you only make a loss by selling! you could make the same mistake with gold. it obviously doesnt have the highs and lowes of bitcoin but you could make a loss there aswell if you make stupid decisions. i have only made profit with bitcoin and ethereum. And i assure you my profits would have been far less if i invested in gold instead.
@@blackshade1840 I still make a lot of profit from my gold and sensex and im sure i will keep making more in the long term because it is something i understand. also my friends didnt sell their crypto they kinda just bought high and hodling. Shiba was my biggest investment in crypto and my biggest regret so far but here's hoping. Bitcoin is still scary to me as i dont see the point of buying more of it since it really doesnt have the future except for the rarity and its lower circulation etc i think. I believe It was supposed to replace gold and it somewhat failed. I still don't know how the future plays for bitcoin. I bought Ethereum back in 2017 just for 100 usd now did i make a profit out of it? yes. was it big compared to gold? No because it was scary to invest in something that you dont understand. And i still don't know much and its still scary to invest. i think ethereum is the only one with much more potential in the future and i invested another 500 usd in eth in 2020. Now bitcoin has been more profitable than gold? yes. But the thing is it was risky as hell at least for me. Gold on the other hand still was a safer option and i can guarantee that it will keep going up but not as fast but there won't be regulations and sabotaging of it by the governments any soon. Because you got no idea how hard it was to evade the crypto bans and to complete a transaction safely plus the ridiculous fees. And hell once the key is gone you are fkd, which happened to many unfortunately. All that good money gone down the toilet with no traces. Both have their ups and downs but I myself prefer gold because i know how it works.
By fat the most complete debate on bitcoin that I have seen. Greate arguments from both side, must watch for all begginers to make their own conclusions about the bitcoin and crypto in general. Looking forward to see more such kind of content.
great arguments form both sides? xD
Hahah the best line
" Yes I agree with you, a lot of energy and resources are wasted for nothing"
That was a brilliant response by Schiff as usual🤣
The lady is lovely and all but she is not arguing for bitcoin but her faith in bitcoin..like most bitcoin Hodlers
Gotta believe in something
@@ma2i485 I know, belief makes things moving
@@ma2i485 facts, big difference bc we dont have to believe in #Gold we KNOW FOR A FACT its value will always hold better than anything else
Great to see a respectful interesting debate. Well done.
this debate was really awesome, both had good statements that needed to be made
If you don't own something physically then it's not yours.
Even if you hold it physically, it's only yours until the guy with a bigger gun decides it's not anymore.
@@iReturnV1deotapes And if you hold it elsewhere then the other guy doesn't even need a gun to rob you.
Most people who own gold don't physically own it. It's all on paper.
I appreciate the interview, but the levels here are plain to see. Bitcoin maximalists do not seem to understand Bitcoin does not perform any necessary function. Gold however, performs many. For example Apple has to use gold in every iPhone. They don't WANT to use any gold in the phone (as its expensive) but they HAVE to, due to the inherent properties of gold as an element. This is one example of hundreds. Bitcoin performs no function.
Gold is requires for Bitcoin
Whats an ASIC chip? Hmmm.
@@severussinthat something is a usefull commodity doesn’t mean that it’s usefull as money for a world with a lot of long distance global trade in a an era where a lot of things are digital.
Sorry but Peter is absolutely correct when saying that Digital currencies have no value except for what speculators are willing to pay (that could be $1MM or $0) is a simple economic principle that the host seems to not understand
@SKG-xg5bkGold however is a precious metal
Good show
Hi Layah, surprisingly you came to mind. There is a film called Sisu, and the very last line spoken.. was written for you, I'm sure you'll agree. You just swap one B-word for another..
She just doesn’t understand at all! This is what happens when you get fed information and then regurgitate it unconditionally
now that is an actual sane debate
Thanks Layah for explaining the Greater Fool Theory. You should really look it up. You were basically showing passion for something foolhardy
Tell us about what happened in that hotel room Schiff
I don't trust myself storing the seed phrase in my head...
You could store just the final two words in your head?
@@grow-evolve good idea!
All you need to do is have a 25th word / passphrase.
Someone could steal your seedphrase but if they dont know the password in your head your money is still safe.
This is the way to do it. As long as its complicated enough AND you can remember it you’re good.
Takes some planning but it’s fullproof.
You'd be surprised. Once you memorize it it doesn't go away. I've memorized mine and I recite it like once every two weeks now. It's a lot like having a complicated password... once you type it in like a dozen times you never forget it. Similar idea.
No disrespect to Layah, but Pater is right all the way. Believe me, I would like to gain some freedom through Bitcoin but in the medium / long run only gold remains. Thank you both for the interview.
Yeah like in 1933
@@hondacbx1975 no, more like from the beginning of time up until the end of time.
I used to be a gold bug. Love Peter, but Michael Saylor changed my mind. His arguments are incredible. I still own gold but BTC is the real hope for economic justice.
@@ReillyandBurritoYeah, Michael saylor is going under. How can you have solid arguments in favor of a digital nothing whose only value derives from speculative demand. BTC is an early stage warmup and preparation for the rollout of Central bank digital currencies, you think it came about spontaneously? Gold is the only real asset in this equation. Will be here for millions of years, Society as we know it may not even last another 20 years.
@@tomasleitao1775 How can you say BTC is digital nothing when you pay your bill through credit card with full confidence? And before you tell me you can withdraw your money from the ATM and hold it giving it tangible worth, look no furthur than the current banking run crises. In a real SHTF scenario, canned food, bullets, candy, vodka, salt, sugar, honey, ALL will be worth more than gold.
loved it!!
52:02 Peter, we will concede that we can’t guarantee the price of Bitcoin tomorrow if you can agree that you don’t know the supply of gold. We’ve mined 2 x Olympic sized swimming pools of gold to date. What would happen to the price of gold if we suddenly found a massive vein of gold that tripled the supply of gold?
The supply of gold is unknown. The supply if Bitcoin is known.
👍GOLD👍
The third guy who should be there talking with them is Warren Buffett to defends stocks
Can btc and gold join forces? 🤷🏻
I think Peter is mad bitcoin is not only decentralized but deflationary.
Great job Layah 😀👍.. really great interview !
It's not a debate, it's a total loss for bitcoin. He is 100% right. No future here.
Not really mate, all money is nowadays is a number on a screen. Even using fiat banking system we still transact digitally, so he is spouting nonsense when he talks about everything needs to have a value in the physical realm, the digital realm is already being used by the old monetary system, visa card payments etc.. A digital photograph of your family has no value to you because it isnt printed on paper by kodak? rubbish
@@tristankerr3655gold in my hand isnt numbers on a screen, goofball dumass
are u challanged?
This is ageing well 🤦♂🤣 - Yep no future here as BTC smashed through 50K
@@rchstokes9064 LOL. i bought more back then. was just to have it for my own :)
Laylahhhhh ❤
Interesting how the words “quantum computers” didn’t come up.
Lols much more civilized than the last time 😂😂 Really great discussion
Send a direct text 💬 🌹👆🏻
Nice video!! Great content. The best advice right now with banks failing and recession loomin, is investing in cryptocurrencies. It is the best way to diversify your income and leverage the potential to make a substantial return on your investment.
I invested in Dogecoin 2 months ago. I have already made a $50,000 profit on my dogecoin investment and am buying more for a long-term investment.
I tried to invest in the digital asset market, but got confused. I don't know how to get started.
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Layah never heard of Cardano obviously; capped, secure, scalable, scientificly backed, functional programming, eUTXO, decentralised and so on. A better Bitcoin if she's open for it. Other than that, she fought with what she had here, the maxi narratives, but her knowledge was not enough to battle Peter on this.
miss layah what do you have to say about bitcoin cash? whats the difference between that and bitcoin?
Ngl I think Peter won that debate.
This interview/debate was fantastic, Layah did a phenomenal job at expressing her believes while also letting Peter express his. Master class on how to interview effectively for an audience
You mean Laya did a great job expressing her belief, while Peter was able to express truth on how it all works . .
Carry a saw around 😂😂😂, ha ha ha ha !
This was like a debate between a child and a , full blown mature, High IQ adult . .
Both are saying Exchange Value in currency u trust. Most people trust printed currency. Both agreed on centralize and decentralize digital currency. Peter using Gold backed, and Layah using Bitcoin. Ty
crazy reverb in this room
I'm guessing the lav mics failed
"My bitcoin is in my head mate!" no we don't look crazy at all lol
Both have very valid points. It's all about weighing the pros and cons and then increasing or decreasing your exposure to each of them. Great debate!
Both are right. That's what I've done
What is the base layer of the Amazon business model? Is it the physical infrastructure or the digital one? What does give value to Amazon?
Well, that was fun 😅
Great debate. I sit more with Peters view and have never had any confidence in Bitcoin.
But I love this woman and I love what she stands for. I think she is a great advocate for freedom.
I liked some point of views that layah has, but usually when it comes to bitcoin I tend to disagree with most of what she is saying and she doesn't seem mature enough honestly in these conversations.
This debate proved me right even more, and her **Cutting a lot of parts from the video** is really suspecious to me.
What is she hiding by editing the video like that ? how many times more had this man destroyed her arguments ?
goood vlog
If Bitcoin relies on computation power and math problems then it indirectly requires gold and other precious metals to exist.
Has anyone manufactured an ASIC chip with no raw materials?
Didn’t think so.
Great interview. There is one thing I never see people use against Peter. Peter always talks about "blockchain token backed by gold". But then once again we need to trust whoever issues the token, that the equivalent of gold is actually there. You then just reintroduce the ability to corrupt the money supply. He must understand that?
Send a direct text 💬 🌹👆🏻
Really good point, also if bitcoin was backed by gold it will lose the largest advantage it has over over assets because goverments can just confisqate the gold that backs it.
Exactly, he forgets that the Gold Standard was actually abused by governments because it usually wasn't one to one, and other nations can fiddle it to say they have 'x' reserves. This happened, and couldn't with BTC. Gold is important though, Pete is just wrong in so many of his statements.
@@nickvandijk5460 technically, if any token was backed by gold and the gold would be confiscated, you could still pay with the token, who owns the gold doesn't really matter. But again, how can I verify the token is backed 1:1 with gold? You can't. You have to trust a 3th party once again, it makes no sense.
And to his stupid argument of the gold scarcity: if X amount of people dig up 2% of gold per year, and the price of gold goes up 2x, that means that is 2X the people start digging, now inflation hits 4%. Of inflation hits 6%, if 3X amount of people start digging if gold because 10.000 dollars. What a nonsensical argument that is from him.
And then the fact he doesn't even understand why bitcoin is different from crypto. He has a LOT of really valid arguments for the current economy, but the above 3 things he totally misunderstand and therefore I'm 100% sure he's wrong on thinking bitcoin can go to zero. There is too many people that keep converting fiat into bitcoin every day, with a fixed supply it's only a matter of time before it goes up to ATH.
You can still solve the trust issue with physical gold
A gold token like PAXG can onboard a huge network of vaults
All bar data in those vaults could be automatically fed to Chainlink's proof of reserves, where decentralized oracles validate that data before it's recorded on chain
There's a company called GramChain in Singapore that created that tech that vaults install
So basically you have a global gold backed cryptocurrency, which is audited and verifiable by the public in real time via Chainlink's proof of reserves
That's coming soon
BTC still has a trust issue, which is centralized mining
But you don't need to remove trust completely, most people are OK with a little custody
The computational capital spent mining the network gives pristine property value guarrintied to be free from bad actor’s or government inflation/printing/de-basement. Thats why its value thats the output is the guarantied contract that cant be changed. Golds purity can be diluted to 14k 18k.
Fuark, what a good soundbyte. "There is no such thing as underpriced Bitcoin. Because no matter how low it is, it's still overpriced."
Only an id10t can fall for this id10tic soundbite! 😂😂😂
Now should be the best time to buy and trade on Bitcoin because currently the profits are good and going up to a standard rate in less than no time
Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people's lives.
I'm thinking of investing in the crypto market but taking my time to figure out how the whole thing works.
Investing in crypto is very volatile and risky which is why most successful investors trade with professional brokers
The real risk in the Crypto market is the risk of not investing, not the risk of short term price volatility.
Bitcoin investment (fx) can be profitable and lucrative when it is approached as a business, but achieving a level of success is extremely difficult and can take a long time. It's a good idea to fine an expert of this form of investment prior to getting started with. As you can see, the market is open and operates 24 hours a day and almost seven days a week
Many of the things Peter said about bitcoin isn't true and I'm now convinced he doesn't even believe most of the crap he says. He's just dug such a big hole that he feels he has to stay in it and get comfortable
Text me now 👆🏽👆🏽👆🏽
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He's knocked down the shifting ground Bitcoin stands on time and again in his podcasts. I don't know a single person who uses it just hoards it for the moon run but if you think it's going to get you the Lambo knock yourself out and buy it.
If he believes what he says, then why his son invest in crypto.
@@NaNa-wj8tw holding bitcoin over long term is much better than holding dollars. This is very clear by now, but if you like watching your savings melt away then knock yourself out and save in dollars
he is right
Awesome Debate well done 👍🏼
Send a direct text 💬 🌹👆🏻
Is this even a question, of course Peter will win the debate.
Peter gave good example on cross border transaction of gold, it doesnt have to necessarily transfer the physical ownership to get the real ownership 👍
Also most of the countries/financial institutions are applying this technique since the inception
That wasn't a good example. He defended gold by deferring to an IOU. The gold that you personally own, is stored in a bank vault somewhere in Switzerland, and I'm just supposed to magically trust that I own it? How could he not see that this is exactly the same problem with fiat? The point of bitcoin is that there is no third party middle man holding your store of value.
@@iReturnV1deotapes you own it that's why you have command over it i.e you can order the bank where and whom to transfer the gold.
@@arkhamknight4343 theres plenty of banks freezing bank accounts for the wrong political opinion in recent years, so the blind trust of a bank not to size my gold is gone.
At 49:50.
He says BTC terminology is used to deceive.
Federal reserve. No more federal than federal express.🤷♂️.
Exactly
I believe we will arrive back to gold and silver after the digital phase...
And living in caves, right?
After the digital phase 😂😂
Tangem Wallet is perfect
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I'm keeping an eye on both Cardano and $WNP.
If I hired a bunch of people to dig a hole in the ground and it turns out there’s some water at the bottom which we can pump to sustain life, then there’s value in the digging activity. Bitcoin miners don’t expend their energy and computing power for no reason.
I'm so excited I started cryptocurrencies back then because it was a game changer for me and was my best decision so far all thanks to the cryptocurrency world
Even with the current crypto dip, I'm still happy I can smile back at my portfolio of $82,700 made from my weekly trade within a short period.
@@memphisginger2751 Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?
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Excellent debate. Thank you!
Text me now
42:00 I love Peter's Answer here. "Money needs to be real too"
Great vid.
Peter Schiff makes some great points, I think he is right BTC is just a speculation bubble.
The iPhone example was good. It is worth what someone wants to pay for it and once purchased the buyer won’t want to sell for much less. Mainly though, it has utility value as a communication device, but that is only as useful as the adoption of the network. If no one uses phones to communicate then it isn’t worth much, if everyone does its use increases dramatically.
I think this debate really comes down to how much more adopted the bitcoin network becomes. The more people accepting bitcoin for real goods and services due to the utility of it, the more intrinsically valuable it becomes. She is right that this adoption is increasing in certain places, with younger generations and certain countries.
I think Peter is right in his confidence in gold and concerns in bitcoin long term. What if another crypto takes over from bitcoin, but that won’t happen suddenly and people would transfer from bitcoin to the new dominant crypto gradually.
Your entry price doesn't matter, it's possible for someone to purchase BTC at $69,000 and capitulate at $43,000
This guy is living in the past… lots of arguments against digital currencies, but this argument that Bitcoin isn’t money is just wrong. He could’ve called out the potential for legal regulation, national digital currency taking over, delisting or blacklisting of crypto exchanges or once Bitcoin hits the limit (what happens?). But ranting about the Gold Standard is living in the past. This is like having an argument with your 76 year old dad stuck in his old ways
You do you buddy. Let us know how it goes.
Peter is actually pro blockchain, he even likes DOGE because it's used as money
Bitcoin doesn't scale as money, so it's been turned into a pump and dump vehicle
Hahaha.. tell me how you manage to access all your bitcoin (digital currency) in a black out?
For privacy transactions should be done in Crypto and a store of value should be Gold.
Or even head injury can erase memory
Doctors are going to the moon.
Bitcoins primary value is cheap wire transfers so there IS slight value there. If you had all the bitcoin in the world nobody would care. If you had all the gold, you'd rule the world
And so satoshi did a great work to spreaded the coins early
THISSS, gold is a commodity that will always be worth more than anything
If you had all the gold, no one would care
@@BullishBitcoinBanter_Bullshit if there was a nuclear catastrophe, and power plants weren’t functioning anymore, we will immediately go back to Earth’s natural commodities
if you had all cheese in the world, you'd rule the world. let's use cheese as a currency!
peter wants gold back tokens which are centralised in nature. US dollars were essentially gold backed tokens at one point, do we need to remind peter what happened after? decentralisation is PARAMOUNT.
She sure does like bitcoin 😅 another thing is how would you price things in bitcoin such as a coffee as it changes so much, you have to have a digital boards everywhere constantly updating the price of your goods
I say all the TIME! GOLD AND BITCOIN SHOULD GO HAND IN HAND!
Great interview! It is normal to have disagreements but at least he did not take to another level like many others that can’t have a single conversation well done on this loved it 🔥👏🏼
Text me now 👆🏽👆🏽👆🏽
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Im sorry peter is right here for me
Thats fine, but whats ‘right for you’ isn’t that impactfull on the world. Its about whats right for most people in the world and unfortunately for gold, that thing is Bitcoin.
Winp Token and Cosmos are two projects with serious potential. I'm excited to see where they go
Great interview. Peter is a clever man. A tough one to debate with.
hahah this is funny
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What Peter do not say is that GOLD can not be exactly measured, no one knows the whole gold amount actually.
Only having a seed phrase in your head would be tough if you suffered a concussion or some form of brain injury and suffered memory loss.
Very entertaining. You held your own very well Layah! The main appeal for Bitcoin for me is 'trust', or rather because for all other traditional forms of money and markets, the lack of trust. Niall Ferguson talks a lot about this in his book 'The Ascent of Money'. Whether using seashells, clay tablets, precious metals or fiat money, all of these things had or have a certain amount of trust.
However, all of these mediums of exchange have been manipulated in some form. People, organisations and governments cannot be trusted and because Bitcoin cannot be tampered with, this is why it can be trusted.
Also, there is an abundance of gold. A major underground mine in Australia allegedly has a wall of gold so thick, that if it was mined and brought to surface, it would decimate the spot gold price. So it's been covered up with concrete instead.
it doesnt matter how much you trust bitcoin, exchanges (whales) will always dump it on you, and you'll be losing money
You must be stupid to think someone who found that amount of gold would just go ”nah lets not extract it”
@@trolli101 Actually idiot. I worked at that mine, and I've heard this from multiple people. You obviously have no concept of the nature of an underground mine and the level of security that is there. So pull your head in.
42:10 when Peter finished that analogy, he ripped her heart out!!!
Not really. Peter is a man who has thoroughly backed himself into a corner he can't get out of. His son disregarded him though and bought BTC. Mark Dice shows the value most Americans will put on a one ounce gold coin and it's less than a chocolate bar.
Lol this a concept of monetary asset! Not all decisions as eating is monetary decision! This analogy is id10tic and only works for id10ts! 😂😂😂
If you can get access to lost bitcoin without the seed phrase the security is out the window
I hope you are right about Winp Token? Thanks for the highly educational video. Keep up the good work -
I wish you nailed the hammer on him when he says gold in a vault backed by a token on the blockchain is better then BTC. You still have to trust a third party to redeem that gold for your token, or it can get seized, and frozen. Counterparty risk. Something Bitcoin does not have if you self custody.
He is far gone
You needed to say to him that the value is in the network, the value is in the fact that the network is a virtual public ledger (the same infrastructure that banks use but privately) that is created by an anonymous person on behalf of the people, that is not beholden to any third party or government.
❤ spot on!!
You have to complete the thought. "And the value of such a network is that it can ____________" Play a movie. Well, no, it can't.
Winp Token and Cardano are my go-to coins. Love the potential of these projects
Nice. Now debate Stefan Molyneux, Jared Taylor and Devon Tracey next.
Layah interviewing great guests 👍 love the interviews so far!!
Text me now 👆🏽👆🏽👆🏽👆🏽
Text me now
Peter red pilled me back in 2013. Crash 2.0 changed my life. Spent years overly indexed in gold waiting for the next crash- found BTC in 2017. Saylor, Breedlove, Saifedean and the like have since throughly convinced me that BTC is the true game changer. I’m now all in on BTC. The Market pumps, I stack BTC. Market falls, I stack more BTC. The value of BTC transcends financial investment- it represents the best hope for a future that maximizes human freedom and dignity. Always appreciate Peter’s views on diagnosing the problem, he just always misses the mark when it comes to antidote. He can’t break away from the traditional role gold should have always played in our system. The next generation gets it- rumor has it that his son has laser eyes.
it is like a married couple argueing😂
The hard truth is the fact that gold has been losing purchasing power for more that a decade... and this will NOT change in a digital world, deal with it.
It is amazing how some people who are supposedly educated and smart can't seem to understand the concept and value of Bitcoin.
He'll be proved right.
@@user-zv4qx2qw1x NO WAY. He has been wrong about gold for so long. Just look at the numbers
Go to 42:17 "Did you had digital food or real food",,😂😂Peter Got ya on that one layah
Gold & silver is the way,its proven for centuries
No he didn’t.