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Upon facts :)

@@keithwatson1210 Anything specific about the BTC blabbering you disagree with? 🤔

@@bdek68 How can it be worthless, when so many value it? 🤔

@@JCV123still can’t define what the actual value is? Just my opinion but I wouldn’t touch it

@@bdek68 Are you asking me, if I can define what the value of bitcoin is?

@@bdek68 the value is the Bitcoin network. For example, you can send money to anyone in the world. Seems valuable to me, bub

@@msrcoldrooms8754 why?

@@Daniel3535 Yeah 😅 Bitcoin is a threat to gold... Which means it's a threat to his wealth and reputation.

Yeah he got cooked xD I have just uploaded a video "Inflation explained from a Bitcoin perspective", I think you might enjoy it - Would love to get some feedback :)

@@Aaron-fb1pq What was your perspective before? 😁

If you want to have get a new perspective and understanding of inflation, then I have just uploaded a new video where I explain inflation from a bitcoin perspective. I think you might enjoy it :) Marry Christmas!

And Peter himself says he's an Austrian. So, when Peter talks about "intrinsic" value, he doesn't even believe in such a thing!

@@MBarberfan4life Good point! I have just uploaded a video "Inflation explained from a Bitcoin perspective", I think you might enjoy it since it explains it from a Bitcoin/Austrian perspective - Would love to get some feedback :)

@@robynandruski5971 I will not debate you untill you keep your comments/replies in one thread. You've made so many different comments i can't even keep track of it 😂😅

The reply app has failed to deliver several times. Maybe Canada Google is not matching Google USA Royal Bank backtracked on using their credit card for buying it withdrawing for Bitcoin Coinbase has to convert it all to fiat ( now asset backed cash)

I had tried replies to your email from my email but it sent them back. The accountant says bitcoin is not a legal tender in Canada in 2024. It’s taxed as property not money..

I had laid out a nice 4 point explanation for you on Jack Mallers site but someone asked for it to be removed immediately.

Why are you making a new comment every time you want to reply? Please keep the discussion in one thread.

@@robynandruski5971 In order to buy a house with the bitcoins that initially was worth 10$, some other actor in the economy has to value your bitcoins more than the value of the house. If you sell your bitcoin for a house, then you've essentially added value to the economy. Remember value i subjective. Every transaction is a win win situation at the moment it happens. The guy buying the house values the house more than the bitcoins, and the seller values the bitcoins more than the house. Both individuals leaves the trade with more value than they started with. This is how value is created through the free marked, because every voluntary transaction leads to a net-gain in value for both individuals.

You are right! I've uploaded a 6 minute video a couple of days ago, where I explain inflation from a bitcoin perspective. I would love to get some feedback from you 🙏

@@robynandruski5971 What do you mean by "removing trillons of dollars from the working economy"? Take me through it step by step 😅

@@robynandruski5971 Inflation of what? Inflation of prices of goods and services? And measured in BTC or USD? I have a really hard time understanding your argument 🤔 Please walk me through it step by step as if I was a child.

@@robynandruski5971 First of all... Who taught you math 😅 10$ going to 100$ is only 10X (or 900% increase). And no... Bitcoins value is not dependant on the existence of the dollar or any other fiat currency. You could exhange BTC to any good or service, as long as people are willing to be payed in BTC. Yes, fiat currencies are in most cases currently used as a medium of exchange between BTC and goods and services... But so are your labor, your stocks and everything else you own. Are you really saying stuff only have value because it can be converted to USD?

How does bitcoin add to inflation? 🤔

Would you not work more and harder if you were paid in bitcoin? 🤔 If you could get paid in a better form of money, it should make it more atractive to work and earn money. Would you be more motivated to work harder, if you were paid in the Zimbabwean dollar, because it's a worse form of money? I really don't get your argument 🤔😅

Could you please rephrase that argument? I really don't get it 😅😂

Yeah, he is really concise and clear in his arguments 🙏

I've have actually uploaded a 6 minute video a couple of days ago, where I explain inflation from a bitcoin perspective. I think you would find it interesting, would love to get some feedback from you 🙏

How? What argument? 🤔

Are you saying, if you can transfer, devide something easily it makes it worse at being money? And yes the government can take down your door at any time... But how are they going to do that to everyone - This is the power of decentralisation (no single point of failure). And if the government kicked down ones door, they can only get access to the BTC if they manage to open the hardware wallet... and if it's a multisig wallet, they will need to find several other hardware wallets that one could have placed in different geografical areas. Can you phrase any argument against bitcoin, that can't be applied to gold? If not, i guess bitcoin must be better money 😊

@ that is irrelevant because when you have regulations that will make you pass through process to reveal identity and report transactions the government might no be able to take your BC but it will be frizzed until you die. Anyone who dare to put hands on it will be persecuted. Money is not good when is limited to a certain amount thats why it is not right now. Being irresponsible is the real cause of currency not the fiat model itself, having a BC as currency is not less irresponsible that a fiat and you can see that by the volatility dependability of hardware energy consumption and of course few speculative people that is taking advantage of the unknown of others. Even gold is irresponsible, countries needs to realize their losses and start to balancing their sheets that is responsible and not speculative.

@@JCV123 you know, people always think that they can get away from government regulations and thats so wrong, government is there to set up rules for society, if you don’t get along you will be accountable thats it. Bitcoin it not the exception, government will track you and all your bitcoin assets and will make you pay your part on your will or not so it makes me sad how you can say the opposite. Money is better not to be finite because it makes the economy to be in a constant deflationary cycle, that will make people with capital not likely to spend it on any project because just having money will pay you back on appreciation, if you know about economics you will know that. What is the diference between bitcoin and the infinite blockchain digital coin anyone can create? Why is bitcoin the winner and not others? How can others make bitcoin dethroned? You can make a video explaining all these points

@@JCV123 people really think they can get away from government when government is there to set up rules for everyone and if you dont comply you will get arrested. There is no way an economy come out of an non regulated system. BC will have to become as regulated as fiat to be currency, meanwhile it is just a speculative coin not even asset because it has no intrinsic value. Having a fixed amount of anything as currency is not good for a currency because you need the capability to expand and contract your money supply depending of the economic cycle you are in. In addition is also really bad because it will only reduce the amount on circulation making it more valuable with time which is completely a disadvantage because big capital will never put it to work in investments due to its nature of self appreciation. Not having investment is the equal as constant recession. Thats why it will never be main currency for any educated nation. In contrast with gold, gold have value and it properties don’t get lost with time. Gold is not the solution for currency either but is much capable of storing actual value due to its use, its scarcity, its historic appealing for humans and its physical aspects, you dont need a platform to support gold because is real and not human supported. Anyways gold is more a store of value not a fiat model replacement in the other hand BC is just speculation and a bubble

@@JCV123 BC is not scarce. As long as you have computing power you can make as many exacts copies of bitcoin blockchain models. In contrast with any element in real life you cant make infinite of it unless you can manage to control the energy output of a star. That is real limited and scarce of a usable something. I have never understood why it is called scarce, because a name was assigned to a product of a replicable technology? A jordan Nike shoe is also scarce you cant called again another shoe the same after is patented does that makes it unique? Maybe for its fans because it can be replicated anytime the patent gets expired, so? Not scarce but more like just output constraint. Try to replicate gold traits or properties to see if you can get even closer.

If gold isn’t legitimate then btc sure as fuck isn’t lol

@@AC-wl7ve Depends on what you mean by "legitimate." All I'm saying is Gold failed as money because it wasn't portable and divisible enough. Paper replaced Gold. Paper is now failing as money due to it not being scarce enough. And now Bitcoin is replacing paper.

​@VotePaineJefferson bitcoin accounts for less than 0.01% of all transactions...

@ gold worked perfectly as money. It’s the governments that failed gold, not the other way around. Gold has still held a steady value even after detaching from the dollar. Bitcoin will be just as difficult for a society to use as gold coins, it will basically have to back a government currency just like gold did.

​​@@AC-wl7ve If gold is dependant on centralisation in order to transact through space, it has a higher risk of getting hijacked by a government. You are basically saying "well, gold is a good form of money, if governments just behave nice". Well if your monetary technology is dependant on the government to behave nice in order for it to work... thats a flaw in one of it's properties. Don't get me wrong here! Gold has done a really good job at being money for a very long time... it just does not work in a modern world with global transactions, without centralisation... and yeah, we all know how that went 😊

th-cam.com/video/MSlEQA1BoOE/w-d-xo.htmlsi=62ByhL9NUNPXXiYC

On TDLR on youtube 😊

Thank you!​@@LoveForTheTruthTV

BTW, I have just uploaded a video "Inflation explained from a Bitcoin perspective", I think you might enjoy it.

​@@brazilstreets7955 Everytime you transfer any amount of BTC to a wallet you create a UTXO (Unspent transaction output). Lets say you have a wallet you've made 50 transfers to over a given period, and each transfer containing 10.000 sats. Now you have a wallet with 50 UTXO each containing 10.000 sats, and your total balance is 500.000 sats. If you then want to move all of your 500.000 sats, you need to pay a fee for each of the 50 UTXO's. And if the fee is 9.800 sats, you will loose 98% to fees. This is why UTXO management is important. Make sure they are not to small. If the 500.000 sats had been distrubuted on only 2 UTXO's you would only pay a total of 9,800×2 = 19,600 sats if you wanted to move all of the 500.000 sats - And thereby only paying 3-4% of your total balance in fees. I hope this makes sense 😅

Thanks for the explanation. For my understanding, in your example is the fee is a flat 9,800 sats regardless of the your transfer sats amount? For example the 9,800 sats fee is the same for your 10,000 sats as it would be if a whale transferred 10,000 Bitcoins? Is that right (the fee is the same regardless of how many sats/Bitcoins you move)? How is the fee determined and how can we/I find out when it’s expensive/cheap fee time? Thanks!

​@mtelke Yes, the fee is the same regardless of the amount of bitcoin. It's only dependant on the amount of UTXO's... So it's (fee × number of UTXO'S). If you want to know when the fees are low, you can find a live chart on google where you can see the fee level in real time. How is the fee decided in the network... Well think of supply and demand. There is only a given amount of blockspace for transactions every 10 minutes (supply) - And if many people want to transact at the same time (demand), the fee price will be bet upwards. If you choose to pay a higher fee, your transaction will be included in a block faster than people who chose a lower fee. If you pick a fee that is to low, it might only be added to the blockchain when the network's fee level matches your low fee bet. Hope this makes sense 😊

@@JCV123 thanks for the reply and excellent explanation! I’ll make sure to google the UTXO fees when the time comes. As of now I’ve only made purchases on Coinbase and transferred to my cold storage wallet. Know about UTXO’s is really good to know so that I can make an informed decision when transfer to my cold storage wallet. Thanks again!

I've uploaded a 6 minute video a couple of days ago, where I explain inflation from a bitcoin perspective. I think you would enjoy it, cause you'll get to understand inflation from a whole new perspective 🙏

@@coojw777 Almost painful to watch 😅

I've uploaded a 6 minute video a couple of days ago, where I explain inflation from a bitcoin perspective. I would love to get some feedback from you 🙏