저자: PeterSchiff · 외국인
요약 보기
Schiff은 비트코인이 실수요 없이 더 큰 바보에게 넘기는 투기(greater fool)이며 본질적 가치가 없다고 주장한다. 금은 수천 년간 가치 저장 수단이었고 헌법상 법정화폐 근거를 가진다고 강조한다. 비트코인의 결제 수단 효율성은 Visa·Venmo 등 기존 결제망보다 느리고 비싸며 변동성 때문에 가격 표시도 어렵다고 본다. 엘살바도르 사례도 실제 사용은 과장된 수준이라 평가한다. 금은 토큰화로 결제 효율을 높일 수 있다고 주장한다.
다듬은 글
Would you be able to steelman the value of uh Bitcoin or or crypto or just maybe just Bitcoin or if you had to steal that? How would you steal man it? Steelman being like like drawing out the point of like a Michael Sailor or someone that's that's that's pro crypto. Yeah. Well, Michael Sailor is pro crypto because he owns a lot of crypto and he's borrowed a lot of money to buy a lot of crypto.
So, he's levered to the hilt and he's going to borrow billions more to buy more crypto. But but like the technology of crypto because I think that that's and then also the scarcity of there's only a certain amount of Bitcoin that will be created. So it's kind of it's just a game. It's a madeup game, but it's also a medium of trade that may or may not be more efficient than what we're presently utilizing.
The problem is nobody actually needs Bitcoin. And there's there's thousands of other crypto tokens that nobody needs either that you could buy. Um I don't doesn't matter that there's 21 million Bitcoin. There's, you know, so many other things that you could buy that are, you know, that are just like Bitcoin.
I mean, it's just it's just a brand. It's just a name. But what people buy when they buy Bitcoin is the hope that it goes up and somebody else will pay more. I mean, it's not you don't buy Bitcoin because you want to use it as a mean of exchange. It's it's a very inefficient medium of exchange. It's very slow and expensive.
Why do people buy gold if you're not if you don't work for NASA or you're not if you're not electrician? Okay, you buy gold because you need it. You're, you know, you're a jeweler, right? Here I'm here's a gold ring that I got that's made out of gold. There's, you know, gold in this watch, right? So the the Rolex had to buy some of this gold.
But the value of that's based on a story. If that story shifted, it wouldn't be valued anymore. No, because well gold I mean you know I mean gold if you take a gold watch in the water it's you know it's not going to tarnish. It's fine, you know. I mean, it's like gold. It's pretty. It shines up. I mean, even, you know, even if you have like a silver, you got it's tarnishes.
You got to polish up your silver. You don't have to polish gold. Uh, but you know, I mean, gold is real metal. It does all kinds of, you know, there was recently we sent a spaceship, not a spaceship, a big telescope into space and it had these gigantic uh mirrors to work this telescope and they had to coat them in gold because it was the only only way I guess that they could they could get through the atmosphere or not.
They needed to be coated in gold. Uh and so because gold could do things that you can't do with other metals. And even if somebody buys gold because and and has no intent of using it for anything, they're storing it for somebody who's going to use it in the future. That's why it's a store of value. If I have gold, I don't have to use it.
I can store it so somebody else can use it. But nobody uses Bitcoin. You just hold it and and and then you try to give it sell it to somebody else and they and they try to sell it to somebody else at a higher price. It's just a, you know, greater fool. That's all it is. You know, there's nothing special about it.
What I mean, I and I and I'm I'm I'm I don't have like a particular opinion on this either way. I'm just I'm really genuinely curious and I'm only kind of playing devil's devil's advocate because you're you're so pro gold, so my mind's going in that direction. Well, I've been pro gold before Bitcoin existed.
I mean, gold is real money. I mean, gold's in the constitution, right? So, gold's been around for for a long time as uh as money. It's the only legal tender constitutionally we're supposed to have. But things can change like like if you go to Roman times or West African times at one point like I already know you know the meaning of salary means to to give salt.
It's like salt something. So what happened to salt? Now you can buy it in a minute stop. Yeah. I could salt actually has real world value. I mean it's not a great form of money. I mean what happens if the wind blows and there goes your your money? You know it's a windy day and you've lost your savings.
But but yeah but I mean at le I mean salt's better than Bitcoin. I mean, I can put salt on my food, make it taste better, right? Or bit but you know um but you know big Bitcoin look cigarettes are way better money than than Bitcoin. You know even though I don't smoke, right? I I you know somebody smokes or somebody's going to want my cigarettes because there's an ultimate end user uh for for cigarettes.
What about the just the technology as a medium a decentralized medium of exchange? Like you you think all of that that everything like removing the middleman like every time you spend a credit card it's going through all these different middlemen and all these people are taking a little bit off of that just people having something where they can exchange currency you know energy nobody can do that without Bitcoin I mean there's all kinds of payment platforms you know that you have Venmo PayPal zel you got Alipay you know all these other you know where you just can easily pay money quickly cheaply uh and then you people can use Visa, Mastercard, American Express.
I mean, all these things are more efficient than trying to pay for something, you know, with Bitcoin. Uh, and you can't really price things in Bitcoin because it's it's, you know, it's too volatile for you to fix a price in Satoshi's. Uh, but even to just use it to pay for something and nobody does.
I mean, it's just, you know, people just hold it. The country of El Salvador does. Not really. They're all using dollars. They're not No, they do. That's that's I was just I was just there uh like a month ago and that was one of the things I actually didn't have current I don't remember I didn't have a all I have was a credit card and they're like oh we don't do credit cards we either do cash or uh crypto and they're like you oh yeah everybody uses crypto you gota you get download the there's a bunch of different types of apps so it actually is working very seamlessly in El Salvador right now at least in the in the place that I was I don't know about like the entirety of all of El Salvador I think most merchants you know are are not are not utilizing it It's a lot more hype than it is uh is reality.
Uh but you know, El Salvador, I mean, what that's one little teeny country. I mean, Bitcoin's been around for 15 16 years, right? It's not like, you know, it's around a lot of countries where people just small pockets where, you know, they're trying to hype it up. You know, they're trying to get the crypto industry to come down there.
that's really what they're interested in having money come in and rent office space and hire people and you know you know stuff like that but I said at the end of the day it doesn't matter about the technology of blockchain but as with with gold and you don't even need a blockchain for gold but I could tokenize my gold and now we can you know I can use gold to pay for stuff a lot easier that I can do use gold or bitcoin and you don't even need a token the custodian could just create a an app uh where ownership of gold is evidenced on the app and you know I can instantly pay somebody by sending my gold anywhere in the world you know instantly inexpensively uh so we have a lot of technology today that enables us to make gold a much better medium of exchange than it's ever been much faster much easier in fact you don't even need be you know when we were on a gold standard you couldn't use gold really for small transactions so That's why we had silver.
That's why we had copper, nickel, you know, we used, you know, other other metals. And um but now, you know, we wouldn't need that. I mean, you could buy, you know, penny candy. Not that you could buy candy for a penny anymore anyway, but at one point you could buy a lot of candy with a penny, but you could buy it with a gold.
I mean, you could you could you could spend a fraction of a gram of gold with the technology that we have now that didn't exist 100 years ago.
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