Gold vs. Bitcoin: A Soho Forum Debate

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Information Gold vs. Bitcoin: A Soho Forum Debate

Title	:	Gold vs. Bitcoin: A Soho Forum Debate
Lasting	:	1.25.30
Date of publication	:
Views	:	21 rb

To Keith: if you think you can trust somebody to keep your Gold, why can't you trust your government not debasing your fiat? Dollar was backed by Gold, why it broke?
Comment from : What Is Money

In one sentence: Keith is incapable to escape fiat mindset He always needs to exchange gold or Bitcoin to fiat to make through his thinking
Comment from : What Is Money

Get monero,BSV blockchain has tokenised Gold already
Comment from : living in Italy 16years

Money is only a measurement tool of value in a quote from Alan WattsbrIf your yardstick is made from an elastic band than you are fooling everybodybrI don't understand bitcoin I think it is nothing Like the tulip mania in the 17th century
Comment from : Anneke Germers

Weiner's first argument against Bitcoin is Buffet-tier hoopla It's an apples to oranges comparisonbrbrHis 2nd argument about BTC's production is outright disingenuousbrbrWhat if 21 million isn't right? If this man understood the technology he'd realize that what he's saying is nonsense because BTC is infinitely divisible It could have been 2 mil, it could have been 200 That has nothing to do with its efficacy as a moneybrbrHis argument against BTC in terms of its supposed instability is also disingenuous We should want a medium of exchange with that kind of sensitivity to shifts in its demand because it makes a truer signal of that demand While gold is moved onto the market at a steady rate, there is still no discerning between shifts in its price to increased/decreased demand for gold or increased/decreased production of it He's inverting an issue with gold and making it out to be an issue with Bitcoin This is often perceived as an admission of guilt in other circumstancesbrbrHe didn't make a single argument in favor of why gold will retain monetary value in the next 100 years He has only appeal to probability
Comment from : Rishi Kyle

"Wiener took the position"
Comment from : Sumptuous

gold never old
Comment from : GAMING ZONE

gold is gold
Comment from : GAMING ZONE

Am glad i grew my portfolio from 17k to 100k last month inside my wallet without sending a dime to anyone through the help of Mr ralf schadewald
Comment from : Domenic Sandri

Right now gold can’t even protect you from inflation lol
Comment from : A Grande Substituição

Gold is only for central banks it’s very bad for retailers
Comment from : A Grande Substituição

I never knew trading could be so challenging I Keep running back to these YouTube videos to learn more 🤔
Comment from : Rudy Gutierrez

I'm impressed with this It's actually really intelligent and mannered
Comment from : dave renick

einfach programmieren mit bruno jennrich

well comparing the bitcoin-software with central planning and leaving out the decentralized nature of the-bitcoin-network misses completely the point of bitcoin i haven't head a more uninformed "speech" about bitcoin as in the first 15minutes of this video
Comment from : einfach programmieren mit bruno jennrich

It's not a tough resolution to defend that gold will remain "important" I would say the chances are it will, even though i think bitcoin is a world changing epic idea the likes of which very few people understand yet And bitcoin will continue to take gold's juice over time because it's clearly a superior way of doing the same thing This debate could barely scratch the surface on the details of bitcoin
Comment from : Travis

None of what Weiner says is True lol He knows nothing about Bitcoin obviously Im not ever selling
Comment from : Joe Schmoe

Heres the thing, we can all obsess over money no matter what form it comes in gold, silver, bitcoin, real estate, ect ectbrOne thing you can never buy back is TIME brUse yours wisely, don't obsess over wealth you may obtain it and wake up one day as an elderly man/woman who has accomplished nothing except obtaining material assets and money brthe rich man is penniless when he enters the abyss and into eternal torment where it is dark, scorching hot, and ones thirst is never quenched brBe content with what you have! brGod bless
Comment from : Peter

Weiner missed Tolkien's argument with LOTR, its not that Denethor is a bad leder and therefore he should not have the ring (in fact in the books he was a good leader), its that NOBODY should have the ring, as Gandalf said "the ring is all together evil" Eventually any person, even the best of people (as we saw with frodo) will succumb to the temptation of the ring, its in men's nature to do so That is the reason why Elrond said that they have but one option, to destroy the ringbrSo LOTR is kind of a better argument for bitcoin over gold Power corrupts, if you have a lot of monetary wealth in one location as you do with gold, people have to be in charge of it and have power over it and eventually someone corruptable will corrupt it, as we have seen happen over and over againbrThe Gold shills have had their chance, we had a gold standard, it did not work They had centuries to educate people on the importance of gold, yet it took the government relatively little effort to deceive people that fiat was better
Comment from : Emperor Picard

The captions quit at the 5:10 mark A screamer frustrating event They were perfect up to that point Reason has jerked me around like this for years now Getting so I won't even watch Reason videos anymore
Comment from : Catherine Mellor

Good debate Gold wins
Comment from : ScottLL

I like both BTC has obvious advantages due to ease of transaction, 18 decimals Gold being harder to part ways with actually makes you Hodl easier/less trader mentality Gold also more fun to own and has physical utility BTC a bit more dependent on fiat and def dependent on network Gold measured in weight and not network dependent BTC has more room to run higher on current fiat scam than gold BTC can be copied or surpassed Gold cannot be copied Pros and Cons to both Both going higher I like both $BTC as well as #GOLD and i also like $LINK and $HEX as 2 other cryptos that have niche application and their own advantages (Oracles and Mining via Time instead of energy consumption)
Comment from : D G

More of this Felix! Loved it!
Comment from : LỢI ĐỖ

I won’t buy any currency invented by humans Godless immoral humans go corrupt and manipulate the system Who knows the bitcoin protocols will change once majority of the people invest in it and trust it
Comment from : Fundamental Islam

Gold has real value while bitcoin is something that someone created in order to try and get rich
Comment from : 🐲 My Kitten Is A Grand Master 🐉

They aren't in competition
Comment from : Collin Buckley

Bitcoin is "an order of magnitude less uncertain than gold" I guess - now with hindsight - that debunks Pierre's entire premise
Comment from : Greyson Geiler

OK, two things: First, I don't believe Keith's hair is real Second, the argument between gold and bitcoin is moot They are both unique in their own properties brbrCan't trust a toupee
Comment from : Eric

Pierre Rochard did not do a great job here Michael Saylor absolutely crushed Frank Giustra though Would like to see a Michael Saylor vs Keith Weiner rubber match!
Comment from : Victor Weis

Gold Is and will always be money
Comment from : Brandon

It was clear Keith's understanding of Crypto / BTC is very limited But I do agree with the proposition that Gold will remain important
Comment from : Spencer Morgan

I'm not sure I understand how on the one hand Keith can reject the notion that money supply changes affect prices while on the other hand he argues that new supplies of gold provided through mining help to stabilize the price of gold Can someone confirm or correct my understanding?
Comment from : DA Sherman

BTC vs Gold, a nonsense debate, created by the crypto capitalists to lure fools into the fool-trap
Comment from : Val

You can certainly have both The more one learns about BTC the more one can see it as a very useful freedom money
Comment from : Watchman Privacy

Gold is going to zero eventually Bitcoin is superior to gold in every way except it has no history Within 50 years there is nobody who wants gold anymore Gold mining uses so much dirty energy that it should be forbidden
Comment from : Ton Coppens

BTC and crypto is a Ponzi-scheme? If that were the case crypto shills would flood videos such as this one with MLM style comments By the way for anyone reading this, I must tell you that ATM69 has reached it's all-time best buy-in price Seriously, don't miss out before it launches to the moon!
Comment from : Richard Cameron

Monero
Comment from :

It doesn't matter how many monetary units there are The stock to flow ratio is what matters
Comment from : Austin Byrd

As a computer engineer, and part of a broader STEM community Gold’s utility is Universal Gold (Au) and Platinum (Pt) are metals vital to the manufacture of compound semiconductor devices These precious metals are chosen because they offer high electrical conductivity and resistance to corrosion necessary for superior performance
Comment from : Elijah Bey

The problem with gold is that I don't have it
Comment from : Clayton de Carvalho

My greatest happiness is the $64,000 bi-weekly profit I get consistently from my $15,000 investment despite the economic fluctuation
Comment from : Hilary Scott

Crypto is the new gold
Comment from : Hilary Scott

Also Jeffery Epstein and John McAfee didn't kill themselves
Comment from : Luke Salazar

Central banks and rich people hold gold I do what the banks do
Comment from : The Traveler

In response to the "collapse of society" argument, "I worry about New Yorkers" -the late great Dr Walter E WilliamsbrAnd if you don't know what I'm referring to, I highly recommend checking out his speech on greedy Idaho Potato farmers and New Yorkers eating steak and potatoes that kindness would never supply them
Comment from : LovingPrinceTamayuki

Bitcoin and crypto in general is extraordinarily complex Shouldn't money be a simple concept?
Comment from : Peter Judd

34:07 - No one would counterfeit gold with platinum? Let's check today's spot prices gold: $1695/oz, platinum: $828/oz
Comment from : holycrapchris

The point that btc is much more volatile misses out, that gold at his start was as well very volatile
Comment from : Wurmminister

If< you have been closely watching the crypto or even invested in it, chances are that you are wondering whether the latest bear cycle is over The truth is that the market remains unpredictable especially in the long-term Despite the heavy outflows, Bitcoin still managed to promptly recover, this recovery demonstrated Bitcoin’s strength despite being stress tested against highly volatile and unfavorable market conditions Could this outcome be a sign that the market is ready for a bigger recovery? The obvious answers is yes despite how long it might take, it is very important to stay ahead of the market by trading with the right strategy I have been trading with Ryan Donald strategy for up to year now I have been able to accumulate 257 btc with his signals
Comment from : James Matt

Very refreshing to listen to a respectful debate between two smart people here on YouTube Thanks!!!
Comment from : bigdreams

Gold has outlasted any all pansies who have all gone by the wayside
Comment from : Kenneth Snyder

people should own both
Comment from : Josh Binder

In my opinion Gold and Bitcoin can’t even compete with eachotherbrbrGold can’t be exchanged digitally unless you use a reservebrBitcoin can’t be traded physically unless you use reserve notesbrThey don’t interact at all, they have completely different usesbrbrIt depends how you currently prefer to use fiat Gold can replace fiat coins and bills but if you use a debit or credit, gold could not supply this use To me the utopian result would be if banks existed to trade gold to bitcoin and vice versa and have fiat go away completely
Comment from : LavaCanyon

1:11:10 same question from my point of you The better answer would be to fund work on quantum protection
Comment from : ikust007

1:09:11 very good question But does show no reading of the BTC white paper Sadly
Comment from : ikust007

1:03:37 a very good question
Comment from : ikust007

50:40 from the security point of view Ultimately both assets can be confiscated or stopped I am in both assets Love the protocol
Comment from : ikust007

42:53 absolutely agree It is indeed an extreme inconvenience if one really wants to be sovereign with silver or gold or platinum
Comment from : ikust007

37:43 that gentleman would not last long against Saylor or Safaidean And I am a stacker …
Comment from : ikust007

33:24 scientifically bad approach Only relevant with a control environment and wave analyser
Comment from : ikust007

15:16 do not see any good scientific arguments against the protocol here
Comment from : ikust007

Always impressed by the tradition imposed by old assets Gold will logically not be the next standard Energy , yes BTC: possible Even if I am a Bitcoiner , some aspects of the technology will be confronted
Comment from : ikust007

Bitcoin being unstable as a selling point only works if it's secondary to another currency
Comment from : threemar

11:30 "Hello yes I'd like to buy a hamburger"br"No problem that will be 00001662872 Bitcoins"
Comment from : threemar

Worst rebuttal for gold Really the quickest method how you can differentiate gold is based on sound and weight? People can come up with clever ways to mix materials that would sound and weigh as good as gold and not everyone can guess the right answer of what's real and fake 100 of the time What if you're deaf or overall have impaired senses? You spend a minute or more checking and double checking until you eliminate doubt This doesn't even take into account checking a 1 ton of gold in one sitting Digital payments are near instant regardless of the amount
Comment from : Hanel

Bitcoin is better than gold
Comment from : Derrick Wade

rothbard dating
Comment from : Alex Gibson

It is funny how all these people saying gold is better don't actually own that much gold :D
Comment from : Dr Evil

BITCOIN FTW
Comment from : Dennis

GOLD ❤ btc
Comment from : Kev Keary

I don't see what prevents bitcoin from being governmentally controlled like any other form of currency I don't think gold is better, i just don't think bitcoin will ever be competitive for any logical reason
Comment from : Robot Overlord

Holding precious metals in hand has no equal; period!!! Especially if we lose the internet or the grid either from the SUN ,solar flares, an EMP attack or all out war or Government intervention Shrug your shoulders but even now California is all ready at the margin And these Green idiot's are pushing us towards a scarcity of enough mega-watts to power this country!!! Go figure
Comment from : Edward Koller

I really enjoy watching very smart people who don't understand bitcoin It reminds me that we are still so earlybrbrStack accordingly
Comment from : Shaun Recommends

Piere's to nice Saifaden should debate this guy rip him apart
Comment from : Chris Male

you fucking murdered it Pierre
Comment from : Jerma

Through that argument horses are EVEN BETTER! :) Humans have been using horses for 25,000 years! You heard it here folks, turn off your cars, they burn "dirty energy", throw away your helicopter and jet if you're a billionaire, just get a fancy buggy & horses :) you only have to feed it hay and itbrRides pretty much as long as a car, c'mon folks! The longer humanity uses something the better! What is innovation? Ohh btw, you have to throw away your cell phones, computers, tvs, tablets, and much much more!! Let's go live w/ the amish and use gold forever What a clown 🤡
Comment from : Gus Galvanini-Boldrini

Gold will be a distant memory in a few decades The state will be a distant memory in a few decades The so called monopoly on violence will be a distant memory in a few decades People have already started to choose their legal orders It will remain this way until the next technological disruption occurs, a century or two from now
Comment from : Andre Modesto

But don't lenders know that inflation will eat into their profits, and thus make the interest rate higher than it would be if the currency were stable in value
Comment from : Home Wall

Pierre claimed that someone using bitcoin as money can simply hedge their bitcoin exchange rate risk In that case, bitcoin wouldn't be the unit of account; the good they are hedging against would be the unit of account
Comment from : youngKOkid1

7:16 This is maybe the most ignorant statement about Bitcoin that I have ever heard
Comment from : T Scott S

They Should’ve let Saylor have a shot at this debate
Comment from : El Gringuito Ojos Claros

Who the hell is cutting this gold guy's hair?
Comment from : Leo Perez

Of course an epstein is the host
Comment from : Republicshallriseagain

Is that Austin Powers hairstyle intentional?
Comment from : JMG

You can't teach an old dog new tricks There is a reason why this saying is true/ Let the people miss out on Bitcoin They will be left behind
Comment from : Paintball4life

No one addressed the effect of untimely death of holders of Bitcoin - there is no certainty that the fixed amount of Bitcoin won’t slowly be diminished to a point of irrelevancy People can’t remember their bank password, but we’re to believe the magic 12 words will be indelibly etched upon these same minds Also, failure of hardware wallets How many know that two hardware wallets should be purchased in case one fails? The magic 12 words can be associated with the second walletbrbrPeople who believe Bitcoin will replace gold simply believe No argument can sway their belief No calamity can be conceived to threaten the alter of the miners - no solar flares, no war, no threat of government The faithful believe they can wrest away the power of money away from politicians They are blind to the fact that Bitcoin is not private It is your digital leash to which the tyrants will always hold
Comment from : tortoise62

Gold doesn't rely on electricity and is impervious ot EMP
Comment from : Kevin Rasmussen

Keith is the man! Knowledgeable and an expert in his field! When the lowest and highest bidders lose faith, does that mean #BTC has lost its trust? Be honest
Comment from : Ed Jobkar Jr

Gold has a practical use so no BUT Bitcoin will be valuable, especially for countries without stable currencies The other key piece people miss out on Organized crime is heavy in crypto because it is easy to move, hide and more importantly transport You could carry millions on one USB key The days of laundering or shipping a large suitcase of raw cash are over with crypto
Comment from : Kiss My_Butt

I like Pierre and mostly agree with what he says and writes but I'm less a fan of what he brings to a debate stage he was not the right guy for this event
Comment from : Brian L

It’s amazing how everybody in these comments are simultaneously so correct and incorrect about both Gold and Bitcoin
Comment from : T Scott S

Can we perhaps agree on one thing?brbrI think it is good to have some of bothbrbrEven if you are the most hardcore goldbug there is In that case, just buy 5 dollars for every 1000 you put in metals Just having some exposes you to the asset, and it's huge upside potential and what do you lose if you're wrong? A cup of coffee?brbrAnd to the Bitcoiners The tangibility of gold can be both a blessing and a curse Just get some of it, so you have someting as a backup
Comment from : Tamme Sikkema

Pierre missed some opportunities in this debatebrbrMost importantly, he did not focus on why GOLD is outdated He brought up the danger of centralization of gold, but that really should have been almost the primary themebrbrWhen Keith brought up that people just dug holes and hid their gold, Pierre should have said, "OK, but now all you have is metal in the ground You no longer have the ability to transact with it Loading gold into the banking system is what allows you to use it as money" Without centralization, gold is a heavy metal that is slow and expensive to send, and therefore cannot function as a currency He kind of touched on it tangentially when he brought up escaping totalitarian states, but that is only a single application of Bitcoin's immateriality
Comment from : Vince Perry

I would prefer to be payed in something tangible than in a math problem
Comment from : Chimera Bear

Why would you even debate this? Bitcoin and crypto are nothing more than a scam
Comment from : Larry Heitkamp

Both are true -_- First speaking doesn't know much about crypto
Comment from : Brevet Howe

There are better arguments for both btc and gold
Comment from : Pt Build Love Design

It’s clear Keith put as much time into educating himself on Bitcoin as he does on his diet and fitness levels Just look at him Is this someone you want to take seriously? He’s lazy and doesn’t want to put in the work in either understanding Bitcoin or is health Such a shame
Comment from : John Scavone