tag:blogger.com,1999:blog-3758330678390419129.post5169095055171548381..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Peter Schiff: Bitcoin is Tulipmania 2.0Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-3758330678390419129.post-18360292395828901242013-11-26T07:24:17.065-05:002013-11-26T07:24:17.065-05:00I see it a bit differently. Bitcoin HAS great valu...I see it a bit differently. Bitcoin HAS great value, gold HAS great value. They both have there unique strengths and weaknesses. It could be pointed out they hedge eachother quite nicely, and are both worth collecting and transacting with. Correct me if im wrong but you can buy gold with bitcoin, there are dealers who do it. Ultimately, gold is a better "store of wealth" because once Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3665568659116203332013-11-23T06:48:34.363-05:002013-11-23T06:48:34.363-05:00So are most base metals, so if the "backed by...So are most base metals, so if the "backed by" factor is their intrinsic value, then the face value would surely plunge? If the economy as is exists, has been powering along since the gold standard was removed in 1971, I just cannot see why the so called "precious metals" can remain precious.<br /><br />The national holders would need to reinvent in some way. Perhaps the Anonymoushttps://www.blogger.com/profile/01875496732908058869noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48238209291928331462013-11-22T21:58:02.256-05:002013-11-22T21:58:02.256-05:00gold and silver have intrinsic value. They are use...gold and silver have intrinsic value. They are used in jewelry, electronics, solar panels, health care etc.Both were accepted as having value for thousands of years. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15324604184307939652013-11-22T21:42:28.715-05:002013-11-22T21:42:28.715-05:00Totally agree.
Would not touch this thing with a...Totally agree. <br /><br />Would not touch this thing with a 10 to the power of ten, foot pole. Sinks like shit in the hot summer sun. This obscenity reeks of their handy work. Honestly, a totally secure system that permanently tracks everywhere it goes and everyone who uses it?<br /><br />HELLO!!! <br /><br />"Run Forrest, RUN... "Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15182758253895956262013-11-22T16:58:38.415-05:002013-11-22T16:58:38.415-05:00And yet you provide no credible sources, eh?And yet you provide no credible sources, eh?Tonynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7650085002469758402013-11-22T16:57:35.876-05:002013-11-22T16:57:35.876-05:00Didn't you just do that yourself?
Either way,...Didn't you just do that yourself?<br /><br />Either way, Bitcoin itself has nothing to do with libertarian issues. In a free world people would use the type of money they wish, regardless of how any one individual feels about it. Having nothing to do with core principles but with preferences between one non-fiat money and another, it stands to reason libertarians will argue over it.<br />If Tonynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54060371497563163532013-11-22T16:14:25.332-05:002013-11-22T16:14:25.332-05:00NSA/DARPA created bitcoin under the guidance of th... NSA/DARPA created bitcoin under the guidance of the IMF. The IMF has been openly calling for a digital, one-world, deflationary currency for 2 decades. OPENLY. It has been discussed and promoted OPENLY at G8 and G20 summits.from the early 90s-96 the NSA was OPENLY investigating cryptographic money networks.<br /><br />One of their researchers and investigators is a man named Tatsuaki Okamoto. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-8061913096523907092013-11-22T15:01:51.297-05:002013-11-22T15:01:51.297-05:00Ive been saying the same thing for a while. It bug...Ive been saying the same thing for a while. It bugs me when he says intrinsic value. Glad to read your post. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26292588815554833882013-11-22T14:45:41.702-05:002013-11-22T14:45:41.702-05:00Like ahhhhhhhhhhhhh, tulips actually ahhhhhhhhhhhh...Like ahhhhhhhhhhhhh, tulips actually ahhhhhhhhhhhhh, exist... <br /><br />[But I do have a virtual Lambo that I'll let go really cheap] Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91047889464091363202013-11-22T14:38:07.127-05:002013-11-22T14:38:07.127-05:00I'm w/ Schiff and Wenzel on this one. I'l...I'm w/ Schiff and Wenzel on this one. I'll continue to average into [and hemorrhage money for the time being lol] gold, silver, and mining companies instead of bitcoin. It's funny though that Libertarians will agree on about 95% of issues, but that last 5% will cause people to draw a line in the sand and pick sides and vehemently argue amongst ourselves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88494001706071865012013-11-22T14:31:33.574-05:002013-11-22T14:31:33.574-05:00Best of both worlds: store your wealth in physical...Best of both worlds: store your wealth in physical gold as long as you can, move it in and out of bitcoin when you have to move your wealth across borders (or you think that you'll have to do so in the near future). When you switch between PM and bitcoin, use the bitcoin equivalent of $20 bills: use many bitcoin addresses, each one with up to a fixed, small balance. Never consolidate these Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27020587617701237932013-11-22T14:14:48.275-05:002013-11-22T14:14:48.275-05:00I don't know...
I don't own bitcoins, and...I don't know...<br /><br />I don't own bitcoins, and don't plan to in the near term, as much a function of unease as financial position. I have been watching its evolution and have some observations.<br /><br />It has been my impression that two attributes of bitcoins that have attracted people to it are its perceived anonymity (read: inability to track and asset security) and the Anonymoushttps://www.blogger.com/profile/12128461992644570675noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47309357331742009522013-11-22T14:01:03.160-05:002013-11-22T14:01:03.160-05:00Or vice versa...Or vice versa...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-20033382323054499112013-11-22T13:42:19.218-05:002013-11-22T13:42:19.218-05:00I can't believe Peter actually used the phrase...I can't believe Peter actually used the phrase "intrinsic value." I thought he was an Austrian. The correct term is "use value." Saying "instrinsic value" implies there is some objective value inherent in gold. No such thing. There is only the subjective value that people put on gold, whether for exchange or for use.Ed Ucationhttps://www.blogger.com/profile/15375062362847706272noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14783591064792183002013-11-22T13:36:08.437-05:002013-11-22T13:36:08.437-05:00Backing bitcoin by gold best of both worlds.Backing bitcoin by gold best of both worlds.Awakenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30658499089488480462013-11-22T13:16:27.485-05:002013-11-22T13:16:27.485-05:00Buy gold, not bitcoin, he says, logo of EuroPacifi...Buy gold, not bitcoin, he says, logo of EuroPacific Precious Metals prominently displayed. Maybe he really believes in gold, but maybe he stands to gain from an increase in gold prices.<br /><br />Also, isn't Schiff an Austrian? He doesn't seem to get subjective value. Nothing has "intrinsic value." Not gold. Not bitcoin. Not dollars.<br /><br />Who knows what will happen with Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1940556425903085932013-11-22T11:32:59.022-05:002013-11-22T11:32:59.022-05:00The famous "Peter Schiff Was Right" vide...The famous "Peter Schiff Was Right" video will soon be replaced with a "Peter Schiff Was Wrong" video. What a shame I kinda liked him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57283053525991522432013-11-22T11:25:38.289-05:002013-11-22T11:25:38.289-05:00Alex Daley of Casey Research just wrote about Bitc...Alex Daley of Casey Research just wrote about Bitcoin as well. Worth reading.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-89585366998243068582013-11-22T11:20:32.718-05:002013-11-22T11:20:32.718-05:00A mildly interesting bitcoin story. http://www.ibt...A mildly interesting bitcoin story. http://www.ibtimes.co.uk/articles/524137/20131121/cryptolocker-ransomware-police-department-pays-bitcoin-ransom.htmJosiahnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29024609293562252702013-11-22T11:02:57.750-05:002013-11-22T11:02:57.750-05:00I am still trying to figure out who they are warni...I am still trying to figure out who they are warning...D. Lawless Hardwarehttps://www.blogger.com/profile/10416599643576620796noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12583248184344781172013-11-22T10:59:15.141-05:002013-11-22T10:59:15.141-05:00Interesting, the two libertarians with te stronges...Interesting, the two libertarians with te strongest financial backgrounds, Wenzel and Schiff, are warning about Bitcoin.Jack Weilnoreply@blogger.com