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joae1975 (OP)
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February 17, 2014, 02:45:18 AM |
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Both of those links are to the same audio. Fixed. Thank you. |
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joae1975 (OP)
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February 18, 2014, 04:06:36 PM |
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It's a really good threads you have here, please keep it up.
Thanks! Peter talked a little yesterday (2/17) about it but nothing new. A couple callers on it but they had nothing to add. Pointless for me to post it. |
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joae1975 (OP)
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February 21, 2014, 05:13:14 AM |
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joae1975 (OP)
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May 22, 2014, 07:33:02 PM |
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Peter's gold company is accepting bitcoin now. LOL!!
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unpure
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May 22, 2014, 08:51:43 PM |
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Peter's gold company is accepting bitcoin now. LOL!!
Peter is a salesman. He is pumping gold not much different than many people here pumping new coins. |
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 14, 2014, 11:20:35 PM |
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I think I read somewhere that his company is now actually accepting bitcoin.
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joae1975 (OP)
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July 26, 2014, 09:06:09 PM |
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Can't think of a witty response, Mr. President? Or have you finally decided you have better things to do than attend class?
I'm not following you? |
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Lord F(r)og
Donator
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Merit: 250
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July 26, 2014, 09:59:18 PM |
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Can't think of a witty response, Mr. President? Or have you finally decided you have better things to do than attend class?
Can't think of a witty response, Mr. President? Or have you finally decided you have better things to do than attend class?
This idiot copies other people's statements all over the place. Check his latest posts. |
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shawshankinmate37927
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July 27, 2014, 01:08:43 PM |
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Peter Schiff and the mythological belief in "intrinsic value" that he and others have is discussed with Tuur Demeester on the most recent episode of the Ed and Ethan show: https://www.youtube.com/watch?v=iLxNp44tRSE&list=UUX-pglnBfZBq9r-BxsLQznQ |
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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joae1975 (OP)
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July 27, 2014, 02:52:43 PM |
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Devils advocate. What's backing bitcoin? |
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Erdogan
Legendary
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Merit: 1005
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July 27, 2014, 03:13:50 PM |
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Devils advocate. What's backing bitcoin? Read more. |
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shawshankinmate37927
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July 27, 2014, 04:03:40 PM |
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Devils advocate. What's backing bitcoin?
Bitcoins, like precious metals, don't need backing because they are scarce. It's paper, which is not scarce, that needs to be backed with something like gold or bitcoins that are limited in supply. |
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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leezay
Full Member
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Activity: 363
Merit: 100
SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN
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July 27, 2014, 06:57:15 PM |
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Has he change his view on bitcoin yet?
He was right on real estate, but dead wrong on bitcoin.
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joae1975 (OP)
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July 27, 2014, 09:17:55 PM |
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Has he change his view on bitcoin yet?
He was right on real estate, but dead wrong on bitcoin.
Everybody laughed at him all the way up until the housing crisis occurred. People are laughing at him now regarding the crash of USD. Now all of the people that laughed at him won't even talk to him. The whole bitcoin community laughs at him. I think he's right. Bitcoin is a bubble. Peter says, "If it looks like a bubble, walks like a bubble, and quacks like a bubble, it's probably a bubble. And if there's one thing I know, it's bubbles." When/if bitcoin goes main stream, all of the early adopters holding hundreds or thousands of bitcoins will cash out all at once. Then it will crash. Bitcoin is a means to something greater. Only time and ingenuity will tell what that is. And keep in mind that Peter doesn't really accept bitcoin for gold. He uses bitpay. |
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101111
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July 28, 2014, 01:58:54 AM |
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Has he change his view on bitcoin yet?
He was right on real estate, but dead wrong on bitcoin.
Everybody laughed at him all the way up until the housing crisis occurred. People are laughing at him now regarding the crash of USD. Now all of the people that laughed at him won't even talk to him. The whole bitcoin community laughs at him. I think he's right. Bitcoin is a bubble. Peter says, "If it looks like a bubble, walks like a bubble, and quacks like a bubble, it's probably a bubble. And if there's one thing I know, it's bubbles." When/if bitcoin goes main stream, all of the early adopters holding hundreds or thousands of bitcoins will cash out all at once. Then it will crash. Bitcoin is a means to something greater. Only time and ingenuity will tell what that is. And keep in mind that Peter doesn't really accept bitcoin for gold. He uses bitpay. I don't think the whole community laughs at him, more like they are sad that he can't understand it. To him bitcoin is a ponzi scheme and he has long been an outspoken critic of it. He does not merely say it is in a bubble, which even some bitcoiners may at times agree with, but that it has no value at all. |
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shawshankinmate37927
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July 28, 2014, 03:43:18 AM |
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Everybody laughed at him all the way up until the housing crisis occurred. People are laughing at him now regarding the crash of USD. Now all of the people that laughed at him won't even talk to him. The whole bitcoin community laughs at him. I think he's right. Bitcoin is a bubble. Peter says, "If it looks like a bubble, walks like a bubble, and quacks like a bubble, it's probably a bubble. And if there's one thing I know, it's bubbles." When/if bitcoin goes main stream, all of the early adopters holding hundreds or thousands of bitcoins will cash out all at once. Then it will crash. Bitcoin is a means to something greater. Only time and ingenuity will tell what that is.
And keep in mind that Peter doesn't really accept bitcoin for gold. He uses bitpay.
He still believes in the political process and that the way to fix the system is to reform it from the inside. He thinks the solution is to just get the right people into power. He seems to prefer "top down" solutions over "bottom up" solutions. He even flushed a lot of his own money down the toilet on a run for the Senate a few years ago. |
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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joae1975 (OP)
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July 28, 2014, 04:39:50 AM |
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Everybody laughed at him all the way up until the housing crisis occurred. People are laughing at him now regarding the crash of USD. Now all of the people that laughed at him won't even talk to him. The whole bitcoin community laughs at him. I think he's right. Bitcoin is a bubble. Peter says, "If it looks like a bubble, walks like a bubble, and quacks like a bubble, it's probably a bubble. And if there's one thing I know, it's bubbles." When/if bitcoin goes main stream, all of the early adopters holding hundreds or thousands of bitcoins will cash out all at once. Then it will crash. Bitcoin is a means to something greater. Only time and ingenuity will tell what that is.
And keep in mind that Peter doesn't really accept bitcoin for gold. He uses bitpay.
He still believes in the political process and that the way to fix the system is to reform it from the inside. He thinks the solution is to just get the right people into power. He seems to prefer "top down" solutions over "bottom up" solutions. He even flushed a lot of his own money down the toilet on a run for the Senate a few years ago. He believes in limited government. He believes in a gold standard. He believes the only job of government is to protect life, liberty, and property. No more, no less. There are a lot of problems with our gov, no doubt. But I think the fact that Peter consistently puts his money where his mouth is says a lot about his integrity. He's no hypocrit, far from it. |
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