Comments by "SAL" (@SAL-fs1mr) on "David Pakman Show" channel.

  1. That won't stop Bitcoin.
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  2. Exchanges are regulated, bitcoin isn't.
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  3. Bitcoin is the digital equivalent of gold.
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  4.  @dannywalker5129  you can though. You can hold bitcoin by holding the private key. This string of numbers can be kept on paper or a metal plate. Now you can hold bitcoin in your hand and store it long term.
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  5. 1. For instant transactions, we have the bitcoin lightning network.2. bitcoin can always upgrade to have a quantum resistant algorithm (they already exist).
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  6.  @tosh40638  OR, the market just needs time to mature.
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  7. Actually, you would want an unconfiscatable asset like Bitcoin and Gold during these times.
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  8. Nikko - no, 80% don't lose money. Only short term speculators lose money.
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  9.  @MannenFromNorth  the key problem is that you are lumping bitcoin in with pyramid schemes. Just because you think it is a pyramid doesn't make it so.
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  10.  @MannenFromNorth  I guess by your understanding, you would also characterize gold as a pyramid scheme too.
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  11.  @MannenFromNorth  Bitcoin's economic characteristics are designed to mirror gold. Imagine trying to design a digital version of gold - how exactly would it look different than bitcoin?
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  12.  @MannenFromNorth  ah-ha! I now see the misconception you have about bitcoin! There is no bitcoin company! Bitcoin is a peer to peer internet protocol! It's decentralized! It's "flat", not a pyramid at all. And just like how gold has multiple mining companies that compete to produce it, so does bitcoin! There is actually no need to get more people to "buy" bitcoin, there are already enough users to keep it working especially given the finite amount of bitcoins that can exist. I highly recommend you search for some beginner videos on bitcoin to educate yourself.
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  13.  @MannenFromNorth  not quite 😉 a blockchain is just a data structure.
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  14.  @MannenFromNorth  lol no, that is just plainly not true. your fundamental misunderstandings continue to show. There is not a single company that is at the center of how bitcoin works. All of bitcoin is open source!
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  15. Actually, it is also loved by my Austrian economists. You should give the "bitcoin standard" a read.
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  16.  @halneufmille  I agree, price needs another few decades to grow and stabilize as bitcoin first establishes itself as a new store of value asset (like gold), then it will be much better suited for roles as a global medium of exchange and unit of account, though, that is not to say there isn't usage as a medium of exchange already in niche circumstances (where traditional banking fails).
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  17.  @halneufmille  you definitely seem like a person who should read "the bitcoin standard".
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  18. Bitcoin is digital gold. Most cryptocurrencies are centrally run scams.
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  19. You speak too soon. It seems you have difficulty distinguishing a bear market from a bull market. Give it another 2 years, you'll see how is is only just beginning.
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