https://www.youtube.com/watch?v=I4xpZm7JlqU (you can skip the first 15 minutes were he talks about gold) I think he raises some good points regarding scalability, has there been any solutions since he spoke regarding issues with scalability while avoiding centralization? I have seen this discussed a lot but there still doesn't seem to be a consensus two years later. The other big issue I've always thought of is the whales in bitcoin. I knew it was bad but the fact that 40% of bitcoin is owned by a 1000 people? That is ridiculous. Beyond the manipulation of price, there is the issue that how rich will these 1000 people be if they continue to keep their bitcoins and bitcoin is worth, lets say, 1mil. These people would become the richest on the planet and would in effect become a central agency of bitcoin, like a bank. They'd be able to control and manipulate the price and basically conquer the monetary system. Thirdly, what about the issue of deflation? Eventually this will become minimal but it is widely agreed that deflation is not good for economic growth. This would stop bitcoin from becoming the worlds leading currency. It may lead to some people storing money into it as a substitute for a savings account though. I'm not super educated on the matter so try not to attack me, just asking questions and trying to avoid this place being turned into an echo chamber by giving some constructive criticism.
Stellar gets a mention on 'investorspodcast' show with Jim Rickards- bitcoin hater.
Jim R is highly negative / critical about bitcoin. You can hear his positive praise of XLM at 33min 20 sec.... although its worth starting from 32min and 30 sec. It sounds like the XLM pilot run by IBM is working well in the islands of Somoa and New Caledonia. This token has a real use case and thus glad to own it. BUY BUY BUY
Jim Rickards – IRS Will Freeze Bitcoin Exchanges. KITCO News recently spoke with James Rickards, esteemed financial market analyst and best selling author of books including Currency Wars and The Death of Money. In the interview, Mr. Rickards expresses his view that, despite its surging price, he does not see Bitcoin becoming a ‘reserve’ currency and believes that the IRS is likely to ... by Jim Rickards via Daily Reckoning. A lot of bitcoin advocates sold the idea that it was invisible to the IRS. Well, not really, I said all along. And now that’s becoming evident, as you’re about to see. I was reminded of a story from about 15 years ago… Has Jim Rickards Changed His Mind on Bitcoin? Dear Reader, My readers know I’m not a bitcoin proponent. I don’t deny that it’s made some people a lot of money, but I believe bitcoin is a ... Rickards shared his bearish outlook on cryptocurrencies, particularly Bitcoin, ahead of the release of his latest book, Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos. Editor Jim Rickards’ goal is to inform everyone of how things might play out, i.e. which stocks are expected to fall and skyrocket. Through a theory he dubs, the “complexity theory,” he will share everything one needs to know regarding positions in stocks, bonds, cash, art, precious metals and other hard assets.
James Rickards: Bitcoin is a Fraud, a Ponzi, and a Bubble
Economist Jim Rickards On Gold Versus Bitcoin - Duration: 8:12. Money Insider 232,446 views. 8:12. ... Jim Rickards The Aftermath: Don't Only Buy Gold, Bitcoin Will Be $200, US Won't Be The Same ... Merablim chief global strategist Jim Rickards on the outlook for stocks, gold and bitcoin. Economist Jim Rickards On Gold Versus Bitcoin - Duration: 8:12. Money Insider 227,825 views. 8:12. JIM ROGERS: The worst crash in our lifetime is coming - Duration: 4:02. ... Economist Jim Rickards On Gold Versus Bitcoin - Duration: 8:12. Money Insider 219,384 views. 8:12. Language: English Location: United States Restricted Mode: Off History Help About ... Bitcoin Expert James Altucher: More Regulations Will Help Legitimize Digital Currencies CNBC - Duration: 5:51. ... Jim Rickards - Duration: 3:42. Fox Business 4,749 views. 3:42 . Peter Hodson ...