저자: MarkYegge · 외국인
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Jamie Dimon의 비트코인 비판(펫록 비유, 불법 용도 언급, 금과 비교한 희소성 부정)을 반박하며 비트코인이 금·법정화폐보다 화폐 특성(희소성, 이동성, 검열저항, 분산성)에서 우월하다고 주장. 2140년 채굴 완료, 21백만 개 공급 한도, 반감기 축소 등을 근거로 제시. 시장 가격 방향에 대한 단기 예측은 없고 장기 우위만 강조.
다듬은 글
hey you yeah you you're probably smarter than the guy that runs one of the biggest banks in the world Jamie Diamond trust me I think you're smarter and if you're not by the end of this video you will be check it out hey everybody it's Mark Yi wealth architect here and I just I was listening to this guy Jamie Diamond run off the mouth when he was at Davos last week and just it drives me crazy that these people get put on television because this guy does hasn't even done like an hour of research and he just you could tell when he talks and you know he might be a great banker and he can write mortgages and you know do commercial real estate and all those things but when it comes to talking about another financial asset like Bitcoin which by the way is a competitor of his and he he has no interest in embracing it except he owns Morgan Stanley and Morgan Stanley's got customers that are going to want to buy some of these ETFs but this guy is trying to badmouth Bitcoin and over time I don't know if he's going to be right I'm pretty sure he's not but to sound like such an idiot and get on TV and say these stupid things educate yourself a little bit check out the first thing that he says and I I'm going to give you some commentarial on the way listen to this and then there's a one which does nothing I call the pet rock the Bitcoin or something like that all right so he's already calling Bitcoin a pet rock like first of all dude you can't even touch it a pet rock at least you could touch it and put it on your desk not that that means anything but it has nothing to do with being a pet rock it's just a stupid thing to say and he's trying to find some kind of analogy that it's useless worthless and if it were worthless it wouldn't have a value in dollar terms of $40,000 a coin like there wouldn't be all these people that are buying it and have been buying and selling it for 15 years trillions of of dollars of transactions back and forth over the last 15 years the guy sound so stupid calling it a pet rock but okay the Bitcoin is something like that and so on the Bitcoin you know there's First of and I'm I'm not trying to make a joke here there are use cases there are use cases AML fraud anti-money laundering tax avoidance sex trafficking those are real use cases and you see it being used for hundreds maybe 50 hundred billion dollars a year for that that is the end use case everything else is people train among themselves okay so he's trying to make a case here not very good he calls it anti-money laundering it's not AML it's moneya laundering dude like get your terminology right this is your terminology by the way first he says it's AML and then it's anti-money laundering that's the same thing you say it twice it sounds stupid it's money laundering not anti-money laundering they put in rules to prevent people from money laundering that's called AML anyway uh just sounds stupid so he goes oh it's uh you know it's being used for drug trafficking and sex trafficking and uh money laundering and all these illegal things like the dollar is it used for any of that like the dollar is used way more than that the euro is used way more than that every other currency in the world is used for those kinds of things that's what does that's what currencies do he sounds so stupid saying that well Bitcoin is bad because it's used for all these nefarious things yeah he he's he's in the business of poo pooing Bitcoin so of course he's going to say it he just sounds so stupid when he does poor guy gold really didn't do anything either yeah but Gold's Limited in Supply so it's Bitcoin and it's been used uh so you think so huh okay let's stop right there Gold's Limited in Supply he sounds stupid right there if go okay it is limited it's not like unlimited like like currency is unlimited it just means you make as much as you want which is what the US does and what the Euro does and China does and all the countries that have fiat currency they make as as much as they want so related to that yeah okay it's got some scarcity but Bitcoin has the ultimate scarcity there's only going to be 21 million Bitcoin ever made the last one will be made in 2140 Joe kernin will say here in 2150 doesn't matter what it is but this guy sounds like there's limited Supply if there were complete scarcity there wouldn't be gold miners right there's a huge industry of gold mining why because they go into a mountain they extract gold and they make money on it which means it's it's it's not infinite right but it's not completely scarce you could always find and pull more gold out of the earth they're pulling about 2% of the gold Supply out of the Earth every single year 2 to 3% and so it's not limited it's you know and the higher gold goes by the way the more incentive there will be to go into deeper into the mountain and get more gold it's not scarce right and so gold is they they'll always be able to make a little bit more he sounds stupid stupid saying that he shouldn't even be talking about gold he's he's not a gold guy he doesn't even own it he says it later on in the interview I do I think there's a good chance that when Bitcoin when we get to that 20 million Bitcoin go 42 no that satachi is going to come on there laugh hysterically go quiet all Bitcoin is going to be erased I think how the hell do you know it's going to stop at 21 I've never met one person who told me they know for a fact they take that mathematically it's it that's not it can't happen because by the last one will be mined in 2150 and it it it gets harder and harder every time there's another having but but Jamie back you guys do what you want I'll do what I want as for gold you can the six characteristics that make gold valuable for 4,000 years they're all present in bin okay so he's talking about Satoshi Nakamoto not satachi and he's saying that satachi is going to come out of the blue well people don't even know what happened to him he disappeared in 2011 that's the guy that wrote the white paper the original white paper about Bitcoin talking about all the great things about it he wrote the original algorithm he was working on it for a long time with the with a guy named halny and some other people and then all of a sudden he disappeared and you know he may come out of the blue but he's not going to be able to wipe it away because now there's thousands and thousands and thousands of nodes that all have to agree on all the transactions that happen in The Ledger to be able to verify Bitcoin and so you have to get the majority of thousands and thousands of transactions to agree to be able to change anything about Bitcoin and they're not going to do it cuz it's not Central there's no one person like Jamie Diamond he's the one person that runs that company the US you know the FED Jerome Powell runs the fiat currency system uh you know President Biden or whoever the president is runs the United States there's nothing like that for Bitcoin it's a conglomeration of computers and an algorithm that is always cross verified by all the other nodes on the system so there won't be an ability for somebody else to come in and change the algorithm and run everybody's thing down to zero if there is some back door then all these thousands and thousands for the last 15 years of computer programmers that have looked through the code can't find it and it's open source code so it's there's nothing hidden on the code I can run and I do run a node at my house that has all the code right on it there's no hidden code it's right there it's like on a piece of paper and so he sounds stupid like and he doesn't even he doesn't even understand that this can't happen and so you know why are we asking him like he's the EXP so Jill cin is trying to make a case he's a little cold so he's not able to talk as quickly as he usually does but he's trying to make a case that look gold and Bitcoin are really similar they're a lot more similar than Fiat and gold right because Fiat there's an unlimited Supply as long as we're running deficits we just print more money and it becomes worth less and less the more the more fiat currency that you hold and so it's it's not a very good medium to store your wealth in so I'm going to put this chart up in front of of view it's called the traits of money and it Compares Bitcoin gold and Fiat and it's a really good chart so I'm not going to spend a huge amount of time on it but I want to educate you this you can take this chart and talk about it with your friends and you can understand Bitcoin a little bit just by going through this chart so first of all Bitcoin is it verifiable yes you can see it on a ledger gold is it verifiable sure here's my gold or here's my account statement that shows the gold in it that's a little bit more sketchy that's why it's moderate Fiat how much money do I have I go to my bank account it shows it in my bank account does the bank let me pull it out when I want I don't know lately when I go to the bank and I'm like I want $10,000 they're like oh you got to make an appointment and we don't have that money and what are you using it for so that's why they put moderate here on on that okay fungible is it easy to spend well Bitcoin I went to El Salvador a couple years ago and I bought a beer and a papusa you know which was dinner and I used my QR code on my thing and it took less time than a credit card actually so yes it was very fungible gold somebody if somebody's willing to take gold I can spend it if somebody's willing to take Fiat I can spend it portable sure bitcoin's portable you can put it on your phone or put it in your head and you can carry it across the border can't do that with gold right try taking a million dollar worth of gold across the border try taking $20,000 worth of gold first of all it's really heavy and second of all like they're not going to let you do it and they'll just take it from you like what are you going to do they got the gun and then Fiat like if you try to take $10,000 across the border you're not allowed to so it's not that portable now you can wire it as long as it's not a weekend and before 5:00 in the afternoon on Eastern time you know it's portable sure um okay so uh gold is less less portable all right durable is it durable well Bitcoin we don't know that's probably why they put moderate but so far for 15 years it's been incredibly durable and it's stood up and it's the best performing asset of all time so um it's durable gold yeah gold gold doesn't go away you can remelt it and make back make it back into gold out of jewelry and out of teeth and all that kind of stuff Fiat is it durable I don't know if you buried Fiat in your mattress 50 years ago it's you've lost 80% of the value or something like that it's a little bit more actually uh of the value of it just look at the price of a house 50 years ago versus the price of a house now it's gone from you know 25,000 to 433,000 or something like that so it's not very durable divisible bit coin is divisible a lot of people think you can't you have to buy one Bitcoin and I can't afford one Bitcoin it's $40,000 us well you can divide it into something called Satoshi which is one 100,000th of a Bitcoin so it's divisible you can divide it all the way down to less than a penny uh is gold divisible I don't know it's pretty hard to shave off you know eight cents of gold or eight doll worth of gold to be accurate about it so it's not really divisible is the dollar divisible yeah pretty I think I think this is actually where they got it wrong wrong it's it's divisible it's highly divisible it's not moderate uh you know you cut dollars down into pennies and pennies aren't worth that much anymore so yeah dollars divisible is it scarce well it's the ultimate scarce asset it when you when you're talking about Bitcoin they're only going to make 21 million they've already made just over 19 million they're they're mined every 10 minutes so every 10 minutes 6.125 Bitcoin are made or 6.25 actually and coming up in May there's something called a haling which h h a LV i n g having which Joe kernin just mentioned that means they're going to be cutting the amount of Bitcoin that are made every 10 minutes down to 3.125 bitcoin so it's getting more scarce right so Bitcoin they're not going to make any more of it by the way they think they've lost probably four to five million Bitcoin so there's really not going to be 21 million they're probably only going to be about 15 16 million in existence by the time Bitcoin is all printed out so right now there's about 14 15 million in existence let's say so yes it's the ultimate scarcity asset gold like I said before you can make more gold as long as the price is enough to justify going into a mountain firing up all that equipment and extracting gold sure it's not that scarce it's got more scarcity than the next one which is Fiat which is just basically it's not even printing money anymore they even print money I don't use cash at all most of the time you just they just go to the bank and put a bunch of zeros in the bank and then they go loan it out that's how they make money in the in the economy and so it's the ultimate nons scarce asset like you you guarantee that you're going to lose value if you hold it in fiat currency okay established history well compared to Gold it's got very little history but it's 15 years old and it's never been breached and so Bitcoin is is the ultimate you know scarce asset that's never been breached but it doesn't have 4,000 years of History like gold does okay and then the fiat currency we know that the history of fiat currency is horrible and the dollar is relatively new it's only you know a couple hundred years old and this dollar that we're using now is really it's not backed by gold since 1971 so it's it's only about 52 years old so Gold's not that you know that uh that historical either all right or sorry dollar is not that historical censorship resistant well yeah it's first of all it's on a public Ledger second of all you can't like as you can't prevent me from spending my Bitcoin as long as I have a phone with an app that has my Bitcoin on it I can spend it so you know it doesn't matter if I go against the government the government government can't shut down my Bitcoin wallet right they might be able to throw me in jail and do all those other things but as far as doing what they did to the truckers and taking their Bitcoin or taking their money they can't do that gold censorship resistance yeah they can come and take it they've already done it 1933 they took everybody's gold they said you have to turn it in otherwise you're a felon you're a criminal so we've already taken people's gold and we've didn't make it legal till 1974 I think when people could own gold again and so Fiat money is it censorship persistant I don't know I get asked a lot of questions when I go into the bank now what are you spending the money for why do you need the money where'd you get the money all these kinds of things and if they want to say well this money was established from drug transactions I can't get my money that's a big risk all right unforgeable costliness well you can't forge Bitcoin it's there's only a certain number of of Bitcoin it's all on a public Ledger uh you can't forge um gold you can't create it out of nothing it's you know there's there's none of that and then Fiat yeah you can you know we know there's there's people that print money and the government's the biggest counter fitter so it's got low uh you know unforgeable costliness openly programmable well this is a little weird this is it was openly programmable but now it's it's very hard to reprogram or deprogram gold it's not really programmable at all um and uh and the dollar is is I I disagree with this one it's not low because you just go add money to the bank Banks and they they program programmatically create money and then is it decentralized Bitcoin is decentralized there's no one person it's completely decentralized it's the ultimate decentralized there's no group there's no person it's it's it's the people's money literally gold has been you know accepted by a lot of central banks there's actually cases right now where they're saying China is hoarding gold Russia is hoarding gold the US is hoarding gold they're saying if we even have it we used to have it in Fort Knox and there's always been political pulls on gold over the history of time in Fiat is it decentralized oh my God it is totally centralized it's run by some guy named Jerome Powell who is not even a money guy he's a lawyer not there's anything wrong with lawyers but they shouldn't be running the money in fact there shouldn't even be a Fed running the money because it distorts capitalism so there's all kinds of problems but this chart right here does a pretty good job of laying out the characteristics of money in Bitcoin gold and Fiat so um so you know use this but don't listen to a guy named Jamie Diamond who hates Bitcoin who knows it's a threat to his business and the sooner that Bitcoin comes in and starts to take over his business because it will it's going to take a while um the sooner he starts to starts to lose money and you know he's he's got a few good years left he doesn't want to start losing money yet he wants to be one of the richest men in the world and he's continuing to do that so be careful who you listen to and educate yourself about this I always say if you don't learn about Bitcoin now you're going to learn about it later because we're all going to be using it at some point so you might as well spend a 100 hours to learn about it now and you'll be like me you'll be like yeah this is this is the thing this is going to be the thing that works not the other cryptocurrencies by the way there's Bitcoin and there's all the other ones all the other ones don't have the characteristics all the other ones are centralized they're run by a group of people or a dude and there's deprogramming of the money so you know you got to be really careful what you do but anyway I just I just I figured I'd make a video just so you could get educated about this guy Jamie Diamond who drives me crazy when he talks about Bitcoin uh see you on the next video take care
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