Layah Heilpern, host of The Layah Heilpern Show and author of “Undressing Bitcoin: A Revealing Guide To The World’s Most Revolutionary Asset” discusses the utility of Bitcoin with David Lin, Anchor for Kitco News.
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0:00 – Bitcoin vs money “confiscation”
6:38 – Government intervention with BTC
9:44 – Bitcoin as a medium of exchange
14:00 – Is Bitcoin a Ponzi scheme?
19:30 – Bitcoin vs. physical assets
21:20 – Bitcoin’s utility
25:00 – Helping the underbanked
28:15 – Bitcoin in illegal activities
30:30 – CBDCs
#BTC #crypto #investing
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19 Comments
She drank the Kool aid.
Technology takes physical objects and turns them into code. Your phone replaces dozens of physical devices and we're just at the very beginning of technological evolution. Btc is exactly that. Technology has taken physical money and turned it into code. Btc literally has innate, intrinsic value just like gold. It's the currency of the new free world
BITCOIN IS BIGGEST SCAM WE EVER KNOW SINCE HUMAN CIVILIZATION
14:14 "trustless system" Definition of trustless
1 : not deserving of trust : faithless. 2 : distrustful.
She is a sophist – cleverly using and misusing words.
My Voyager account is going to $0, apparently there aren’t many major platforms to hold Bitcoin which means if everyones scrambling to hide them on USB flash drives, whats the point ?
Also a USB fits easily in your butt! Lol!
She should stick to dancing on speakers in clubs.
She's pretty…..stupid when it comes to bitcoin.
First off, it IS centrally controlled.
BLOCKSTREAM.
Heard of it?
Next, it IS a ponzi. If people pull their money and price drops too low…miners WILL shut off their machines.
There's waaaay more btw, just too long to type.
Inflation costs on bitcoin mining?
Yes.
I love BTC it is digital Air.= BTC=0. Just because it is rare does NOT make it valuable. BTC has NO economy supporting it, no Military supporting it…Digital air or Digital Nothing is BTC. BTC crash confiscated over 60% of people's BTC.
At least we know for sure that the USD eventually will go to zero due to inflation 🙂
The US is not China.
This little girl was probably 13 or 14 working at McDonslds the last financial crisis.
We live in a country that has a national currency (the real world). If I cannot change it to dollars ect. then I'm screwed. If Trudeau ect stops ramp on and ramp off, btc is done. No legit business or institutions will fly in the face of a "no use, no take" policy on btc.
this is the dumbest argument ever, that bitcoin or anything like that can save you. How freakin stupid you have to be to think that? If the government is bad try and fix it, you cant run from it and live unlawfully with bitcoin. FFS
Right now BTC is a hard sell, most are too biased and stupid to learn, and feel scared of the concept.
That's OK, if you bought years ago it's hilarious to watch the mental gymnastics used to justify being a rabbit in headlights. That's just the mentality of the average person.
One point often overlooked is that the name 'crypto currencies' seems to make newbies think BTC is a currency, or ever will be. It's a misnomer, BTC is a store of value only. It's inherently deflationary and so can never work as a currency.
It's the same for gold and silver, over the long term both are excellent stores of value, but neither are usable as a currency.
I doubt Governments are going to confiscate money anytime soon. But different bitcoin exchanges are already confiscating people's bitcoins and money..
Great interview!!!!
Can't bear this girl's voice. Who is she to give advice?! She is saying nothing original. Nothing.
some metals companies accept Bitcoin for payment for precious metals…which can be converted to fiat if need be..so Bitcoin does have a a real value….if you know where to look