저자: PeterSchiff · 외국인
요약 보기
Peter Schiff은 비트코인에 실사용 가치가 없고 투기 목적뿐이며, 금은 산업적 가치와 물리적 보존성 덕분에 저장 가치가 있다고 주장한다. Breedlove는 디지털·전력·인터넷 중심의 미래에서는 비트코인이 돈의 역할을 할 것이라 보며, 비트코인이 화폐의 5가지 속성을 사실상 완벽히 갖췄다고 주장한다. 두 사람은 가치 저장(store of value) 개념과 기술 생존 가능성(Lindy effect)을 두고 대립한다. 광고(Tuttle Twins, Mind Lab Pro)가 중간에 포함되어 있다.
다듬은 글
Mr Schiff please address please address strictly I'm just going to address the points that he just made then you can you can ask me what you're going to ask me but look Bitcoin isn't isn't isn't pure anything and it's not the only anything but to correct what you you know the the the flaw in your argument so 100% of Gold's use is its industrial value now the people who are storing gold today are not using the gold for those reasons but they're storing it so that somebody else can use it for those reasons in the future maybe it's a thousand years in the future right but if it wasn't for Gold's use as a metal as a precious metal and all the things that we need gold to do nobody would want it the reason it's a store of value is because in a thousand years somebody can take that gold and actually do something valuable with it right and so all of the demand for gold rests on its industrial uses none of bitcoin's value rests on that because it doesn't have any and you're saying that 100% of bitcoin's use is for money I would say that that's a negligible percentage the number one use case for Bitcoin is speculation people are buying Bitcoin because they believe it will be a million dollars of Bitcoin $10 million of Bitcoin they believe that they're going to be broke if they don't have Bitcoin right that everybody is going to be you know broke except the people who have Bitcoin because all the world's purchasing power is somehow going to shift to the Bitcoin holders at the expense of everybody who was too dumb like me to buying so people are just hoarding their Bitcoin that's why they want it they don't want to use it as a med of exchange as a unit of account nothing's priced in Bitcoin people aren't really using Bitcoin yeah there there's a tiny fraction of people who actually might send some Bitcoin to somebody else to pay for something but all the transactions with Bitcoin is speculators buying and selling it day trading it right that's what people do with it they they trade it so it's not it's not being used at all for its monetary purposes it's almost maybe 1% 2% is being used potentially for that uh and the almost all of it is used by speculators who are either hoarding it or trading it so if I understand you correctly the future of gold is to be consumed then I mean I would assume that's basically okay well that's obviously a speculation by you we don't know what people are going to do with gold in the future well but we know what they've done with it in the past they've used it when you use gold it doesn't go away though right that's the beauty of gold even if I use the gold it's still here right it can be repurpose like all the gold jewelry I showed you can be melted down and used you know in in a computer used in a rocket ship you know it it just because I've worn it as jewelry doesn't change the fact that it's still gold so so you disagree with the austrians that money is the asset that is held with the intention of trading in the future you're saying that that doesn't exist for gold no no no people are doing that but the reason that gold can be money is because it is a valuable metal that that will have use cases in the future otherwise there'd be no point in holding it okay and then if okay I'm just going to let I'm just going to let that one go um I would I'll throw back to Keith I do have another point a rabbit hole I'd like to go down at some point though so what was question that you had for me because I never got to let you answer ask it you did uh I was asking you to address something uh specific so okay do you want to give your kids a foundation of Freedom an understanding of Bitcoin and a healthy skepticism of government then you should try Tuttle twins it's a cartoon about a grandma with a time traveling wheelchair who takes her grandkids on hilarious Adventures to learn about economics and freedom think the education of Magic School Bus meets The Comedy of The Simpsons with Tuttle twins your kids can learn about Bitcoin from Satoshi Nakamoto Civil Disobedience from Harriet Tubman natural rights from John Lock and how to destroy the economy from Carl Marx today Hollywood greenlights a lot of woke content or mindless garbage each episode of Tuttle twins is parent funded parent vetted and only released when its parent approved because Tuttle twins is fan fun fed it was the world's first kids show to teach about Bitcoin that episode alone has been seen over 40 million times and was tweeted about by Michael sailor you can watch episodes of Tuttle twins for free right now and if you like what you see you can use code breed love for 10% off a subscription to the angel Studios app and watch all of the episodes so go to angel.com / Breedlove to discover Tuttle twins today and remember to use code breed love for 10% off one of my highest health priorities is keeping my brain in top shape to take care of my brain power I do many things such as striving to read write exercise and meditate daily one of the latest Tools in my brain power toolkit is mind lab Pro mind lab Pro is a neut Tropic supplement that is scientifically proven to enhance your brain power when I take mind lab Pro my mind feels like it has a better grip on the world my thinking is more lucid and the Artic culation of my speech is radically improved mind lab pro has been tested in rigorous double blind Placebo controlled human trials and has been proven to enhance brain power for users in every age group mind lab Pro is an advanced formulation of 11 neut Tropic ingredients and is backed by research from over 1,400 human trials conducted over the past 32 years so if you're looking to enhance your brain power mindlab pro is an excellent solution go to mindlabpro com/ Breedlove to start enhancing your brain power today again that's mindlabpro Doom Breedlove Mr Breedlove when it comes to Peter's previous claim that we have every reason to believe that in 100 years people will value gold for the reasons he previously said why should we have the same level of confidence in 100 years that people are more likely to Value Bitcoin and it will hold its value well I really don't like the word should and I'm not here to be prescriptive to anyone again I think it's just for me a matter of saying a future of that is digital that has electricity internet and AI what percentage probability do I assign to that world to the future of the world going that direction and what probability do I assign to the future of the world going the direction of no electricity no internet no AI that's how I look at Cash balances because ultimately Bitcoin is the dominant money in that world where you need to move money trustless without promises through telecommunication networks like the internet and gold is the medium for moving purchasing power trustless Le in a physical environment so that's how I frame it up I can't tell you why people should believe Bitcoin will be here in 100 years why people I mean gold I give gold this one it's much more like that gold is here in 100 years than Bitcoin because bitcoin's only been around for 15 years so if the Lindy effect is true right and that the life expectancy of a technology is proportional to its lifespan thus far which is like inverse to what an organism is right the older I get the shorter my life expectancy becomes but the older an idea gets the longer its life expectancy becomes well Gold's been around for 5,000 years as money I don't expect it to be gone in 100 bitcoin's been around for 15 all I can tell you is that when I look at what is money and I get down to those five properties of money that we went through Bitcoin effectively perfects all of them and that is very interesting right so the rabbit hole I want to jump into at some point is I heard Peter say on one of the podcasts that can you think of one example in human history were something of something that man had made that man did not later make better that's a rabbit hole i' would like to jump into it some point let's go through the uh three characteristics that Mr Schiff brought up and then I will ask you if you have any questions for him or statements you'd like him to respond to I'll do that for each of you Mr Schiff you mentioned money needs to be a store of value what are the problems with Bitcoin why is gold a better store of value yeah I I mention that because Bitcoin doesn't have value that can be stored gold gold when you own gold you're storing the metal that will not Decay over time it will not tarnish you know when they find a shipwreck some Spanish ship went down 500 years ago and they they've managed to salvage it and generally all that's left is the the gold that they were carrying and it and it looks exactly the way it looked the day it sunk everything else is destroyed by the Sea and the elements and the gold is pristine as the day that they they made the coins and so you know gold Gold's value doesn't go away Bitcoin doesn't have value it doesn't start with value so there's nothing to store what Bitcoin has is a price and I would concede that Bitcoin has for now a high price but you can't store a price I mean a price represents a glimpse of a moment in time based on Supply demand how much Bitcoin is there that people want to sell and how much Bitcoin do other people want to buy and where they intersect at any moment in time is going to give you a price and so Bitcoin has a price and theice has gone up a lot since it was first created uh but you can't store that you know that that you know no one knows what the price of Bitcoin is going to be in the future no one knows if Bitcoin will have a price at all it may not even be here Mr bre yeah Mr Breedlove when it comes to store of value what do people need to know about bitcoin's store of value benefits yeah if I can semantically disentangle this thing again if value is subjective you might be asking yourself how can you store value at all and the answer is well actually you can't store value value cannot be stored right what are you doing you're basically holding an asset and speculating that other people will value it in the future and will be willing to trade you something for it so store of value is actually preserving purchasing power across time and you have to speculate in order to do that because you never know what other people are going to want this is the nature of markets right so when Misa said that all Human Action is speculation I think he was pretty right about that so
Comments 0