John is long piss and vinegar, short age old wisdom

you must use bitcoin everyday

You may be right John and you may be wrong. From an investment perspective, diversification usually trumps all other strategies bar knowing the future, so why not hedge your bullish crypto wager just a little by diverting say 5% - 10% into bullion and gold miners?

His comment about 'Coffee purchases with bitcoin' is more because he thinks bitcoin is currently a speculative trade, I believe. Double / triple your money or more. Gold is money, I guess.

Very considered and precise, an excellent public speaker. Top five in the world

Not decentralized. Easily replaceable and has already lost 30 percent market dominance in two years to competing cryptocurrencies and will continue. 58 percent of hashpower is under the control of one person Emperor X. Together with Putin centralized power rises to 80 percent. Either of those two men can at any time deny transactions rewrite history and forevermore determine what is known as Bitcoin. Bitcoin was founded by one person who named one successor Gavin Andresen. 10percent of all bitcoin code was written by one developer. Zero quantum resistance. Pure marketing and storytelling.

All you want is tokenized gold, and there are many legitimate cryptographically secured gold tokens. No need for bitcoin.

Running a full node provides no independence from centralized power. Five companies (all Chinese) control 58 percent. If you disagree with them, no one cares. They are majority. You have to follow their chain. If you disagree, you'll follow your own pointless and worthless 'fork' which will be worth zero. Xi can command singlehandedly whatever he personally wants the 'decentralized consensus' to be with one phone call. Not decentralized.

R S. you strike me as a Alex Jones kind of guy. All that was missing in your statement was how reptilians rule Bitcoin and Ether somehow makes the frogs gay.

Is it possible to get a "mute" function here? I don't feel like reading youtube level comments.

BTC is a store of value my friend. A much better one. Gold had its days. They're finally over. Bitcoin is secured by energy. It's the most secure network in the world. It's energy consumption is not a drawback, it's a feature. The days of Gold are not over, but for the fist time in hundreds of years, there is a true alternative that will take well over half its cap.

Interesting comment. From where comes the energy? Solar panels have 25% time-efficiency, nuclear power stations have been shut down, oil discoveries lowest since World War II, shale oil companies are going broke, wind mill deployment is decreasing as gov'n tax concessions are reduced........

Agree that privacy is important and there are privacy improvements on the way. However, this needs to be balanced against public opinion and the "only criminals use Bitcoin" narrative. If a crypto-currency with perfect privacy did exist it would attract a lot of bad actors and what are the chances it would survive the regulatory scrutiny?

I get that you don't like Bitcoin or it's proponents R S. And that's okay and totally understandable. Many of the evangelists claim to know the future and make ridiculous statements that can't be verified. All of this is counter-productive if the goal is to "convert" more people into believing in Bitcoin (in my opinoin). However, that doesn't make it okay for you to spew lies about the same subject here in the RV comment sections, does it? Your comments under this video is just as bad as the evangelists. Trying to get people to believe that Putin and Xi is in control over Bitcoin, for example, is just terrible. It's a false statement and I bet you know it. I don't mind reading pushbacks or negative comments about Bitcoin. But please stick to facts if you do so. Don't turn the RV comment section into a bad Twitter feed.

Appreciate the counter. I do sincerely believe that Chinese and Russian dominance is currently bitcoin's biggest problem. The community must solve this problem. It's the top objection I hear.

That objection (ie miners are in control over the Bitcoin network) was debunked in late summer 2017 when a group of corporate CEOs and (mostly chinese) miners teamed together and tried to force changes into the Bitcoin protocol (SegWit activation and a 2MB blocksize increase) against the community's will. The attempt failed despite having over 80% of the network hashrate signalling in favor of the proposal. This proved that miners are nothing but service providers while node operators dictate what the network conensus rules are. More info: https://en.bitcoin.it/wiki/SegWit2x https://hackernoon.com/bip-148-uasf-first-year-anniversary-a-new-system-of-governance-223907ec298b https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77

RS posts remain hilarious. Still pushing you gold with all sorts of vapor vague FUD, yet, totally ignoring facts. And facts are: There's 10 years of date for Bitcoin... and in those 10 years, no other asset (including gold) had a better return, risk adjusted. BTC is king, it TOTALLY crushed everything else since 2010. RS is trying to distract you all because he has huge gold bags. Look at the facts. Is gold a flawless store of value? December 2011: $1914 Gold in December 2015: $1045 How much value this store of value kept for you in this period?: -45% Bitcoin had returns surpassing every single investment opportunity you can think of. Find me something better in this past decade. Will the next one be different? Good luck shorting bitcoin. You'll be shorting Apple in 2007.

"Bitcoin doesn't have to be perfect. It's a very cool technology, and it was fun while it lasts. Onward and upward. Buy gold." Total joke given the 10 years of charts. Sounds like Peter Schiff. Peter, is that you? Are you aware no other investment beat the Sharpe ratio of BTC in a whole decade? NONE? Do your own research people. Don't end up like the rest of the sheep. The numbers are all there. Reasarch BTC, ten years - the numbers will blow your mind. Gold. Pff.

You are overlooking one key aspect: they are "exchanged for assets" because those assets cannot fetch a bid in the marketplace (because they are worthless). Hence, CDO's, CDS's and other "assets" were purchased at or near par by the Fed in the GFC. You can finesse it all you want. It's money printing with a twist.

sorry that's "gold" miners...where is that dog gone edit button for the spelling challenged?

https://eprint.iacr.org/2019/1150

Thank you for the link.

Almost everyone interviewed on Real Vision is in the investment advisory business in one way or another. Where else are you going to find expert opinions on complex subjects? The hallowed halls of universities that still promote the widely discredited efficient market hypothesis? Or government economists who told us about the "Great Moderation" in which volatility would be a thing of the past? Or central bankers who claim negative rates and QE are "stimulus" with no side effects? I'd much rather hear from people put forward their thesis behind a investment product than to listen to a bunch of clear lies told to placate the CNBC and Social Security ostriches. At some point there is going to be a repricing of global monetary instruments when societies stop ignoring the trillions of dollars in promises to citizens and the effect of massive amounts of monetary stimulus. Does that mean Rick is going to make money hand over fist? Maybe, maybe not. Even if he does it's not going to be tomorrow, just like he said. Which is a refreshing level of honesty. How many investment salesmen are willing to say "hey so this thesis probably isn't going anywhere soon but it will eventually". That's a fair thing to say on the subject. I'm certainly not buying into his fund today, but the themes he is talking about certainly are on my mind. People deserve the fruits of their labor, if Rick is right and makes a lot of money for his investors then why does it matter that he makes money too? Fees are only a crime when your thesis comes true and the returns still don't outweigh the costs. You are right however about the 2 weeks on the same subjects. I'd like to hear some different topics. Maybe 1 episode a day or 3 per week on non-thematic topics would be a welcome addition to the thematic topics.

I understand your feelings. For example the price of nickel has shot up almost 40% this year and this key commodity has never been discussed! However if Bitcoin hits the $55k target (Plan B) I guess it wasn't excessive after all - I think we need to reserve judgement.

Are you going to post this on every Bitcoin video thread. You must be pretty bored...

precious*