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Joseph Jones
Peter Schiff
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Comments by "Joseph Jones" (@drip369) on "Gold Pumps as Bitcoin Dumps" video.
Well they aren't allowed to because it has no value. It's a program that has been copied over 10,000 times making it worthless. Those programs are just as temporary as the electricity and internet they depend on yet gold is forever
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@milhouse7145 which is basically still using US dollars with a different name on it. Like they say, only people in the East understand gold enough to never trust anything else but gold
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See this is where the education system fails people. That guy is completely wrong to say that anything can be money because anything can be currency, but to fit the definition of money, cryptos and paper Fiat currency does not fit the definition of money. Neither do bricks of tea and neither do sea shells or stones. Gold and silver are the perfect money as they are two of five precious metals that do not vaporize, they do not dissolve in water, they do not rust they do not spontaneously combust and they are not radioactive. They are extremely portable, they are divisible, they are fungible they are durable they are units of account and they are stores of value over a long period of time. This guy does not know the difference between currency and money which is why he lied to himself in the world claiming that anything can be money. You are completely wrong my guy
1
@BullsEye3333 you mean currency has been digital for a long time, and that's how they created into existence instead of printing it, because it's not money. You can't print money but you can certainly print currency. Also, that has been the definition for centuries but it takes some more-on to call it delusional because he doesn't want to accept the fact that he's part of a pyramid scheme by Trading cryptos
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@BullsEye3333 speaking of delusional who lied to you about mines dumping gold? It is the most valuable of commodities and Bitcoin has been copied well over 10,000 times making the idea of it and the program useless. You can't copy gold because it's an element
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@BullsEye3333 that definition has existed for centuries, but currency existing digitally has only existed for decades and again that's currency, not money. There is no value with crypto, there was when it was first created but it was copied over 10,000 times making it worthless. It is more of a delusion to think that a digital currency that doesn't exist in your hand is valuable when it drastically depends on electricity and internet, as well as other people to accept it. Gold is valuable all over the world and it is accepted all over the world and people melt it down into coins every single day
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@BullsEye3333 also, gold has never failed, and it never will fail but your digital currency backed by the same paper dollars that are worthless as the program you are defending will get you nowhere when they shut off your electricity and limit your internet access because you will be controlled by the same system you are defending because they will take it over. You are on the losing side and a lot of it has to do with you not knowing the difference between currency and money because you keep misusing the word money, because you are uneducated, especially when you don't realize that electricity in the internet are Privileges and they can be easily taken away. Gold is forever
1