Comments by "Austin Kole Carlisle" (@AustinKoleCarlisle) on "A Brief History of Legal Tender" video.

  1. Nonsense. There is an infinite supply of cryptocurrencies that can be created. There is only a finite amount of precious metals in the Earth's crust.
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  2.  @bloodline1488  No, I'm not talking about competing altcoins that have an infinite supply, I'm simply talking about the supply of all cryptos (including bitcoin) combined is essentially infinite. Yes, the comparison to fiat currencies is similar. But look at what you're doing: you're trying to justify which fiat/crypto is better than another. The fact remains is that any crypto was created from nothing and nothing is inherently backing it (aside from speculation). Once the hysteria over speculative potential goes away, so will the popularity of cryptos and they will all eventually go to zero once the majority of people realize that something cannot be a good investment and also affordable. therefore, cryptos can never be currency. they are simply the latest form of "get rich quick" schemes, and i'm not surprised cryptos are popular these days in our climate of entitlement and expecting something for nothing.
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  3. Do you really expect it to go up everyday or something?
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  4. when you realize that gold IS money and retains purchasing power over time, then you no longer care about the USD price.
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  5.  @peterschiff  Thanks for all your hard work. Keep up the good fight!
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  6. Anytime.
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  7.  @bloodline1488  Well did I change your mind?
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  8.  @bloodline1488  sure, bitcoin is backed by speculation whereas the USD is not. but speculation does not make a currency. and the tech behind bitcoin is not unique to it. yes, the tech is valuable, but the tech aint scarce.
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  9.  @bloodline1488  The US government also recognizes the USD as money, too, but that's not saying much. The tech behind bitcoin isn't limited to bitcoin. The tech itself can be recreated endlessly.
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  10. get a life
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