Bitcoin: Why Is Cryptocurrency Criticized?

July 29, 2020
In the first video in the series, we talked about money from tree branches, notched and then split down the middle and we talked about three kinds of fake gold;
1. gold bars with tungsten centers,
2. gold plated coins and
3. 'paper gold' which are promises of gold for future delivery, but the promises are never kept
We ended on the question, 'Can money be digital?' and so I want to pick up the conversation there
We see that digital money is already upon us, even before bitcoin, but those who argue against bitcoin will tell you that digital money has no value
They do this without considering that various forms of money have their own particular applications
If the form of money has value in one situation, it could be worthless in another situation
If you want to send money to someone far away, it is gold that has no value, bitcoin has value
If the USD is sent far away by a bank, it could take several days, bitcoin is faster and has the right properties and so it is more valuable
When that money needs to get there today, it is the paper USD that has no value and bitcoin can travel over the internet and be approved, long before the USD can and so bitcoin has superiority to the USD
When people argue about what is the most valuable type of money, they seldom consider that each form of money has its own properties and this should be considered
Isn't it good that we have various forms of money, each with its own attributes?
The TSA agent who wants to steal your money prefers gold or cash, USD and if you have expensive body lotion, they'll steal that from you
We don't need this Gestapo
We certainly don't need to spend $5 billion annually on this Nazi type of checkpoint
When you consider what kinds of money to hold, you should consider traveling with checkpoints where 'crooks in government uniforms' steal what belongs to you
I read that 1/3 of TSA employees have a criminal record
I guess people with clean records don't want to be part of a Gestapo
When government is running scams like the TSA, wasting tax dollars on Gestapos that we, the people don't want, it's time to get rid of the government
Meanwhile, bitcoin has 'value' in keeping money away from thieves, at Gestapo checkpoints
It's not as easy for a small time crook to take your bitcoins
Police departments are organized crime syndicates
You drive down the street and with the equipment to read the chips in your money, the police know exactly how much cash you have
They often stop people and take it, even without any crime committed
The chip in the money is incentive for all of us to avoid their form of money, like it has a disease
Debit cards aren't safe
If the police chief wants to steal your money, he'll take your debit card and your bank will cooperate, since they both work for the same crime syndicate
Government is organized crime
The central banks are the real government, the permanent government and the unelected government
The banks are all part of the banking system
The central bank has bribed Congress so they own them
They control the police and the military
We have a problem
Banks are not safe
The police are corrupt and are confiscating cash and they can take money on a debit card
Bitcoin is relatively safe, but the NSA has all your passwords, even for bitcoin
Still bitcoin has more value, than money in the bank or on a debit card
You've heard the horror stories of police taking driver's money and you know it's nearly impossible to get it back
Carrying money on your person is one thing to consider when you look at the ways to store value
Traveling with money is another
Sending money is yet another
The digital form of USD often takes days to arrive, so you will have to find another way
Your bank's digital dollar is useless, if you want to send money to someone in Europe or Asia, if you reside in the USA
The digital crypto USD for sending money far away, isn't here yet, as of July 29, 2020
It is now obvious that bitcoin has a role in the world of money
Do you agree?
Have I made it clear that there are some situations where bitcoin is superior?
Would you then tell Peter Schiff and see if you can get him up to speed?
He looks bright
He seems bright, but is Peter Schiff an idiot savant?
He's either not thinking or he's retarded when it comes to cryptocurrency
He just can't grasp the concept
Does Peter Schiff have GBS, 'Gold Block Syndrome' ... can't see the use and value of cryptocurrency?
Bitcoin has a high value in many situations, in spite of what Peter Schiff says
Hey Peter, why don't you tell us about 'paper gold'?
We're all dying to hear you talk about this 'elephant in the room'
There Peter Schiff has the 'Can't See The Elephant In The Room, Syndrome'
He's a sick man, it seems
The reason that bitcoin is being criticized by so many is:
1. Those who control money do