[2020-03-06] Bitcoin is 'digital gold,' says Finder co-founder

[zakoliverz]

Cryptocurrency isn’t going anywhere — in fact it’s set to take a leap forward in coming years, says tech entrepreneur and Finder.com Co-founder Fred Schebesta.

“I'm a big believer in Bitcoin,” he says. “I think it's like digital gold. I think it will last on and on and on.”

In a newly released interview, taped on March 2, Schebesta rejects pessimists who say cryptocurrency is a passing fad, noting that the price of Bitcoin (BTC-USD) has remained stable of late.

“Bitcoin's been called dead for 10 years now,” he says. “Seems to still be going. You know, I think the price is holding up pretty well throughout this as well.”

As of Thursday afternoon, the price of Bitcoin stood at $9,115, marking a 20.7% increase over the past three months, while the S&P 500 has fallen 3.5% over that period. Bitcoin surged at the outset of this year despite coronavirus fears.

“These geopolitical events including coronavirus and geopolitical tensions really improve the use case,” Tom Lee, Fundstrat Global Advisors managing partner, told Yahoo Finance’s YFi PM last month.


https://finance.yahoo.com/news/cryptocurrency-needs-five-years-cook-says-findercom-cofounder-141238770.html

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1714994362

[odolvlobo]

News flash! Someone said that Bitcoin is digital gold today!

In my view, Fred Schebesta and Tom Lee have 0 credibility, and they both pump out these PR pieces in order to drum up business.

[Harlot]

Just like any businessmen out there they won't say anything bad with regards to the services they have. While finder.com does not directly buy and sell Bitcoin in there website what they show you are there partners on their business which means that they can't really talk negatively on Bitcoin or crypto in general since they are promoting their business on their website, simply their promotion and advertisements of these crypto exchanges and wallets are there way of getting paid to continue their operations. Yeah by the looks of us readers is he is just being positive about Bitcoin but if you dig a little deeper you will always see a motive behind their positive opinion towards something.

[bbc.reporter]

Is it supposed to be good "news" or bad "news"? It could be seen that Bitcoin existence is acknowledged, but also deny Bitcoin usage as currency or payment method.

They want you to keep holding as they dump their coins on you and make bagholders out of everyone. In any case, where can we find data on USDT if holders increased?

[hv_]

rather digital oil   goes down 20% today - wow

[bbc.reporter]

@hv_. We should avoid classifiying bitcoin as a safe haven, digital gold, oil or maybe anything I reckon. We may use it as a speculative investment, for payments, for gambling, however, maybe the world does not know what it is yet. It is not a coin even if we call it a coin.

Agreed on this statement from the article.



Gurbacs said, adding the safe haven narrative hasn’t been disproven because “bitcoin is a relatively young asset and it’s not a full-fledged store of value yet.”

Source https://www.coindesk.com/what-the-oil-market-says-about-bitcoins-safe-haven-status

[hv_]

@hv_. We should avoid classifiying bitcoin as a safe haven, digital gold, oil or maybe anything I reckon. We may use it as a speculative investment, for payments, for gambling, however, maybe the world does not know what it is yet. It is not a coin even if we call it a coin.

Agreed on this statement from the article.



Gurbacs said, adding the safe haven narrative hasn’t been disproven because “bitcoin is a relatively young asset and it’s not a full-fledged store of value yet.”

Source https://www.coindesk.com/what-the-oil-market-says-about-bitcoins-safe-haven-status

To declare any crypto as a store of value is utter nonsens > pomp-scam

We need some years to see Bitcoin working as much as possible, such as we ve never seen - starting with micro-pay and as a base layer protocol for any sort of digital value transfers

than - it will get there

atm too many hobby 'experts' running the show - go industrial or die

[bbc.reporter]

@hv_. I have said already that we should stop classifying bitcoin. In any case, what coins do you reckon are ready to go industrial that will not die?

[hv_]

@hv_. I have said already that we should stop classifying bitcoin. In any case, what coins do you reckon are ready to go industrial that will not die?

Clean original BitCoin

[bbc.reporter]

@hv_. Is that a joke? Also, is that a different coin spelled with a capital c hehehe?

In any case, if there was any cryptocoin that was ready to be industrial why has it not become used industrially? I reckon that I can say similar with my coin, Aeon. I reckon I can also say Aeon is more ready for industrial use than your BitCoin.

[hv_]

@hv_. Is that a joke? Also, is that a different coin spelled with a capital c hehehe?

In any case, if there was any cryptocoin that was ready to be industrial why has it not become used industrially? I reckon that I can say similar with my coin, Aeon. I reckon I can also say Aeon is more ready for industrial use than your BitCoin.

Just pure BitCoin - spelled by Satoshi - no segshit, no ctor ...

[bbc.reporter]

@hv_. In all honesty and sincerity, I fail to see how Satoshi's pure BitCoin can be more industrial than smooth's Aeon.

[hv_]

@hv_. In all honesty and sincerity, I fail to see how Satoshi's pure BitCoin can be more industrial than smooth's Aeon.

It's just pure bitcoin - the DNA that did start everything

better u get that - but I admit - its not easy what caused all the 2000 shitcoins incl segshit

[bbc.reporter]

@hv_. Is that the higher form of the bitcoin maximalist purity test hehehe? In any case, you are welcome to hold on to your coin religious beliefs while the rest of us will continue supporting development and progress on the cryptospace.

[NeuroticFish]

bitcoin - the DNA that did start everything

I don't want by any mean to minimize Bitcoin's place in all this phenomenon, but if you start talking about starting DNA I have to come in.
Bitcoin was not the start. Bitcoin inherited knowledge "and DNA" from its predecessors, like "b-money" and "bit gold".

[hv_]

bitcoin - the DNA that did start everything

I don't want by any mean to minimize Bitcoin's place in all this phenomenon, but if you start talking about starting DNA I have to come in.
Bitcoin was not the start. Bitcoin inherited knowledge "and DNA" from its predecessors, like "b-money" and "bit gold".

Shure, but it fixed all the issues of trust into better money by having full traceability and by not working anonymously but peer to peer.

It changed all to declare money as a chain of SIGNATURES mined by honest miners following the rules set in stone ( as DNA is)

Good ya asked

[hv_]

@hv_. Is that the higher form of the bitcoin maximalist purity test hehehe? In any case, you are welcome to hold on to your coin religious beliefs while the rest of us will continue supporting development and progress on the cryptospace.

If you mean the 'religion' of honest money and stable financial protocol- you are welcome.

I wish just more had the real hands on experience on coding against (financial) global protocols.

Not really a religion

[NeuroticFish]

It changed all to declare money as a chain of SIGNATURES mined by honest miners following the rules set in stone ( as DNA is)

Quite nice that "rules set in stone" part. But you tried to shift the meaning from birth/inheritance to something else and made it work against you. Most coins have nowadays PoW, even many shitcoins, and it's PoW that makes all this possible. So you are not on the right track.

And the "hones miners" part, allow me have a good laugh. Luckily Satoshi was brilliant and made the system in a way the miners are forced to act in a honest manner (to avoid the risk to lose funds), else Bitcoin would have been doomed.

[bbc.reporter]

@hv_. Is that the higher form of the bitcoin maximalist purity test hehehe? In any case, you are welcome to hold on to your coin religious beliefs while the rest of us will continue supporting development and progress on the cryptospace.

If you mean the 'religion' of honest money and stable financial protocol- you are welcome.

I wish just more had the real hands on experience on coding against (financial) global protocols.

Not really a religion

You tell everyone that it is not a religion, however, you subject all people under a purity test. Also, none of what you have told us answered the argument.

[hv_]

@hv_. Is that the higher form of the bitcoin maximalist purity test hehehe? In any case, you are welcome to hold on to your coin religious beliefs while the rest of us will continue supporting development and progress on the cryptospace.

If you mean the 'religion' of honest money and stable financial protocol- you are welcome.

I wish just more had the real hands on experience on coding against (financial) global protocols.

Not really a religion

You tell everyone that it is not a religion, however, you subject all people under a purity test. Also, none of what you have told us answered the argument.

If I only could tell you start own critical thinking and research- all fine .

Finding out what Bitcoin really is, recommends lot of own PoW, time to be spend, maybe things to build hands on, ...

Keep on doing and building, but stay healthy and compliant