"Are you guy ready to trust in computers forever?" We're already doing it with the fiat and credit systems so that's not an argument. The main difference between the two is the governance structure and who gets to create and control the currency.
She talks about Bitcoin like its a company, like Pets.com or myspace.com, when in actual fact its a technical protocol, and is now after several decades leading up to its inception very well established. Bitcoin ain't going nowhere lady, but methinks you'll be eating your words in a few years time!
Hello I'm new to bitcoin trade and i have been making few loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
PUBLIC money vs Ashkenazi JOO PRIVATE banks disguised as FEDERAL "CENTRAL" banks which supply usury money, IS the point of the debate ...not the bitcoin vs fiat money stOOpid food-fight you are sold to waste your brain on.
WHOS GONNA GIVE ME MY CHANGE WHEN I USE 1 BITCOIN TO BUY A CAN OF SODA. Lol, this is why you cant have a debate with ppl who dont understand percentages, decimals, and odds.
If there’s some sort of all hell broke lose situation... the only thing I’d value will be a gun because nothing is stopping most of these crazy people from running up into your pockets. Or socks or whatever fanny pack you think your shit is safe in...
When people compare BTC to bubbles, the examples they use are not representations of genius, transformative technologies. The block chain is the greatest invention since the internet.
Honestly, one of the worst debates I've ever seen on this channel. Neither side really even addressed the topic of whether it was a bubble at all, and instead debated whether or not bitcoin was good. The for side relied primarily on anecdotes and hype which was not compelling in the slightest. The against side at least had quasi coherent arguments, but didn't really seem to understand technology. "Do you really want to trust a computer," well, yeah, actually, technology tends to be far less error prone that humans, so I would prefer trusting a computer, tbh.
I hear ya, Samuel. Also, I'm pretty sure it takes a massive amount of resources to extract gold out of the earth and make it in a usable/pure form. Lets not talk about the ability to travel around with it or the lack there of. Unless I'm living in an alternate reality. I find myself questioning that often after the Financial Crisis. Guess who created that?!?! Gillian declared that the US Constitution was still honored right? With Health Insurance in the US they might as just threw it in a fire. Because It's just a piece of paper now.
Neither side had any amazing arguments but this lady was by far the worst. She's so far off from understanding technology it's painful to hear someone try to debate on the topic let alone bitcoin. Outside of technology she seems to have a very skewed, narrow perception that fiat currency works "pretty" well. The average currency doesn't last more than 27 years and in a majority of countries that isn't the developed world, most people will accept USD than their own national currency. That part of the world is billions of people.... Also that argument about Ethereum was cringe-worthy. No one in the crypto/blockchain sphere considers ethereum's function equivalent to bitcoins... it's so far off from being a relevant argument. Ethereum is a better protocol for many many other functions but not bitcoin's functions
Do you really think countries outside of the developed world will be rushing to adopt Bitcoin though? No, obviously their economies have "structural" issues and need to take out more loans first from the IMF and World Bank in order to import the technology that would enable the usage of cryptocurrencies in those places. Cryptocurrency folks are merely trying to hype up their own investment, day-trading for the lazy, and is just as much incorporated into the global USD system as those Banana Republics. Blindly putting your faith in 'muh technology' or 'muh mathematics' is immensely fucking stupid I can't even... this is why humanities and the classics need to be taught again. Enjoy your American-Israeli run technological dystopia.
@@vapidwords Only people without understanding have blind faith. Rush seems to be going right on pace to me. People don't give a shit about IMF loans nor do they have any consequence for them. That's American-Israeli-SA racket we must move away from. Cryptoes don't need much at all tech but a smartphone and cell tower. That's a piece of cake. Number of people with those things is skyrocketing just fine without some IMF counterproductive debt servitude. 1st we make savings, then we invest. Doing it another way around with other peoples money? Just makes you poorer, suffer inflation and debtors prison. Just the exact problem bitcoin solves.
Few things: Gold cost more than bitcoin to produce. First mover advantage is key for bitcoin because in crypto, network effect = security. Gold = Trust (who stores it? can't send cross borders easily) Fiat also turns to zero over time throughout history.
My first investment with Mrs Anna gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
That is the correct answer. Keep 0.1 to 0.01, or 1% to 10% of your wealth, somewhere in those ranges...because if youre right, you wont need that many bitcoin when it takes over and 1 btc is 10 mil. At least, thats where I see the endgame at. Your 0.01 will have gone from 100 bucks to 100k
@@MatthewHaislip only if it replaces money, worldwide. 100 sats would be 1 dollar or something like that. I think even Hal had mentioned 1 btc being 10M someday, and that agrees with what I calculated, but Im sure theres people better at mathematics than me that could calculate the cap even closer.
The problem is both sides have much to gain and everything to lose from their position...so theyre gonna shill, both ways. You need a debate between someone who has nothing to gain/lose.
I'm not techy in any way and know very little about cryptography but have realized by listening to this debate how important bitcoin will be, purely by listening to the archaic reasoning of the two debaters against bitcoin. I'm a CONVERT ;)
Biggest point by the loudest mouth was that bitcoin was subject to viruses and computer problems which was only reiterating viruses. This system of trust is now PROVABLY on most cryptocurrencies WAY WAY WAY too difficult. The system is designed by most cryptos to be far more costly per hack than the one hack could ever possibly be worth. Wonder what i am talking about? Check out Andreas Antonopolous take on this subject it is phenomenally well versed for your eventual understanding. And good luck!
Andreas Antonopolis would have ripped them a new one and had the audience at 100% for Bitcoin! This debate means nothing and only shows that people don't research they listen to others who also don't do their research! LOL
I think the biggest thing that will prevent bitcoin from being adopted widely is its volatility. Imagine the price of everyday items like groceries jumping around as much as bitcoin has in the past few months? It just sounds way too infeasible.
Sadly this was one of the worst IQ2 debates I've seen. Both teams failed to thoroughly address the fundamental question of whether or not Bitcoin is a bubble. Where was the comparison of Bitcoin vs. bubbles of the past and the consequences for those involved? It was superficial at best. In addition, neither team made a compelling case for whether or not Bitcoin would stay, again failing to draw on historical examples of comparable fads/bubbles or sustainable new innovation. I went in undecided and I left undecided.
"You should go buy gold because if something goes terribly wrong, you can always wear it, or put it in your teeth"? Wow, she completely undermined her entire argument with that last sentence....
She just admitted you cant do shit with gold and it has little intrinsic value...just like bitcoin. Money is a belief system. Thats all that matters. We are all voting right now with our wallets
The side arguing against Bitcoin completely distorted the truth. So what if Bitcoin uses a bit of electricity, all the branches of the banks, the resources to build those buildings and all the workers having to commute to work in those banks use much more electricity and oil than Bitcoin does. Bitcoin is better for the environment than banks.
"You should go buy gold because if something goes terribly wrong, you can always wear it, or put it in your teeth"? Wow, she completely undermined her entire argument with that last sentence....
It's disturbing that the audience seem to like the scare mongering from the old paradigm panel who have no clue as to what they are talking about.... It's really disturbing,
This debate is almost bewildering to me today. Basically every objection to Bitcoin they raised has been refuted a million times over. It’s amazing how much disinformation has been floating around for so long.
i'm a big fan of intelligence squared, but this debate, and the one before it regarding net neutrality, were difficult to watch. each speaker in each wasn't as intelligent on the subject as i thought they would be. or maybe they're just terrible at public speaking. not exactly sure.
BTC is The Mother Coin so despite slowness the purchase power will be resolved by Defy or Etherum XRP and otger supportive Cryptocurreny smart contracts. It's a system. BTC World Economic System
INteresting and valuable to listen to them as it reflects the OPINION on BTC of the top 10%. However, it is clear that none of the participants had in-depth knowledge about the topic.
They are going to end up making their own cryptocurrency and will try to make it bigger than Bitcoin, but is not going to be possible.... why do you think they are so negative about bitcoin? because is huge and it represents the end to their monopoly, they are scared and don't want to lose control.
As I type, Bitcoin is up 565% in one year, and 5% in one week, but down in the last day. Talk to me about bubble in 2020, or 2019, and explain the history of fiat currencies. Best to all, hold on.
Cryptocurrency is here to stay lady, fiat be at the back in years to come, do some due diligence, and do your homework about bitcoin or any other cryptocurrency out there (HELLO)
Last year I learnt a very important lesson and I don't want it to be repeated again this year. I was not ready for Bitcoin or any of its story but my friend decided to talk me into it and so I became interested and decided to give it a shot and then I bought exactly 5 BTC when Bitcoin was still around $13,000+ and all.my expectations was it will continue to rise and before the year end it will get to $100,000 to one Bitcoin not knowing that market affect it. When I saw that it keep declining I became confused and decided to try out trading but I lost more and so I decided to do an intensive research on how I can really increase my Bitcoin value. During my research I found a beginners trading post talking about a strategy on how to trade and make profit massively. I was afraid at first but I decided to give it a try and I contacted the person in charge, Mr. Dominic Connor, he took time to explain to me the different ways I can make more profit in this market decline season. I invested 2 BTC of my coin, and he handle the trading for me and my profit quickly rose to 7 BTC towards the end of December 2018, and I was convinced that this is the best way to make a good profit from Bitcoin trading. If you're still confused and don't know what to do or the steps to take this year I will advice you to contact dominicconnor33@gmailcom for all your cryptocurrency questions, strategy and beginners coaching.
They said a dollar is a dollar and will always equal a dollar. This is simply NOT TRUE. Don't believe me? Then please explain to me why my grandparents were able to go to the movies, get popcorn, and a drink all for 25 cents and now today you are lucky to go to the movies spending less than $20. A dollar DOES NOT equal a dollar and the value has decreased significantly over time and continues to decrease.
The problem with the bitcoin debate in general is that it requires knowledge of both economics and technology. This results in two large groups of people who each only understand one of the necessary topics. Both of these groups proceed to talk down to one another for not understanding the field that's *really* important to know for the debate (which conveniently, is always the field they know about, and not the field the other knows about). The problem with this intelligence squared debate in particular is none of the debaters seem to know much about *either* the economics *or* the technology involved.
I can tell most of the comments on this video are from people who have investments in bitcoin ;) Gillian Tett's arguments were extremely persuasive, that's why her side won the debate.
I showed my mum the price of bitcoin at $6,000 very excited having watch my portfolio drop 80% in the prior bubble, my dad asked what are you looking at instantly said when will it burst... it would be another $14,000
When Draper mentioned he had to deal with 15 people at the bank to sort out the problem, describing it as a hassle, he was actually making the case against bitcoin. When something goes wrong at the bank, there is someone you can blame and there are actually people on the other side who can rectify the situation, and if they chose not to, the bank is operating in a country and you can use that country's laws to sue. With bitcoin, all you can do is "blame the computers".
wrong audience to host this debate for. should've done it in Venezuela, Zimbabwe, Argentina, and similar countries, the people of which can't buy gold and leave the country without risking the gold being confiscated and the domestic markets certainly don't work for them, as Andreas Antonopolous said, "Don't sell bitcoin to those who don't need it." LOL
Personally I think the stabilization of crypto currency will come when mining it equals work of value. The amount of energy used is a huge drawback. Though in this particular debate the opposition proved they don't understand much of anything about technology.
Tim makes a great point --- 1 bitcoin is always one bitcoin, a US dollar is not always worth a dollar because central banks print more and more US dollars, you can not make any bitcoin. One bitcoin is one bitcoin, we have trillions and trillions of more dollars now than we had before the 2008 crisis -- the more dollars that are made the less each dollar is worth, think about that.
It must be very hard to be the daughter of Mrs. Tett. Anyways, minute 39 - 40, do you only want to trust computers! Look at the crisis 2008, who took over responsibility? The bank, what kind of backup you Mrs. Tett are talking about! It was the taxpayer, the usual person on the street, who had to bail out the banks, to prevent the entire system not collapse. The end result against the Team “For the Motion” is total understandable if you consider, that humans are always way more attracted and impressionable by fear and doubt. That’s mostly the only thing the Team “Against the Motion” spread over the entire 100 minutes. Can you imagine what our world would look like, if we were led by these two emotions?! Intelligence Square should do better than this.
We all should stand and fight for Bitcoin, because this is the only way to have equal rights... for so many years banks govenments and big company are the one who enjoy the money of a poor. I think it is about time to take separate with this big 3 when it comes to money, and "BITCOIN" is the answer for us all poor people, it is enough for the government and banks to take our even the most little amount of what we have... and that is more than enough proven for many countries that governments and banks are corrupt
Why are all bitcoins valued the same as the last one bought/sold? Shouldn't each be worth the difference between the money put in and taken out divided by number of coins?
I believe the FOR side made some grave tactical mistakes in debating this. They completely ignored the first part of the resolution - whether Bitcoin is a bubble (or in the wording of the resolution "more than a bubble"). It would have been a lot more effective to get the AGAINST to spend a lot of time on this issue and how it is a bubble, just to wrap up in closing remarks that the resolution was so positively worded that they didn't need to disprove it being a bubble nor whether Bitcoin will come out as the pack leader of the blockchain cryptocurrencies, solely whether it'll survive (it's "here to stay"). That would have been a much better debating strategy, in my opinion.
Tim and Patrick do a terrible job of representing bitcoin in this debate. I am so disappointed in their inability to give solid technical reasoning why bitcoins decentralization is precisely why its the ultimate settlement layer and sound form of money.
There exist a number of good points against crypto as well as points for it, however, the team against the motion did not do a good job explaining the possible liabilities.
Just as there is room on the road for differently powered cars to coexist , Gas, Diesel or Electric, I think there is room for different types of currency in the market, Fiat, Credit Cards and Crypto.
I like Bitcoin and have made significant gains the last year and a half, but as Bitcoin becomes too expensive to transfer people will look for an alternative. I am sure Bitcoin will keep rising, but from my assessment the next crypto to dominate the trading pair is Waves. Waves allows you to create your own token easily and uses smart contracts. Wave introduced their Decentralized Exchange (DEX) and Waves naturally made their coin the dominate trading pair. Next they plan to license the DEX to sectors of the financial industry and more.
Who here thinks quantitative easing 2, 3 and 4 were effective after the housing bubble ?? THat is -- who who didn't receive QE 2,3 and 4... liked it????
1) Miners tend to gravitate towards places with clean, cheap electricity (from hidro) 2) What will happen to the price of this amazing thing called gold, when people start mining asteroids? Space is FULL of rare metals and minerals, and there are already plans to mine them.
The house of cards is collapsing , hodl your fiat and sink with it , all fiat currencies died through history and that is fact . Gold is good alternative but its not practical for storing like BTC .
bitcoin is more resilient than the internet, once the private keys are created, they will be usable against any node that was up to date as of that transaction. And there are solutions to the conectivity that don't require the internet such as broadcasting the current blockchain over radio.
When he talks about "criminals" he must be talking about the government because they do everything he talks about. And, it may be hard for him to understand, but for most people it is not a big deal. Mr Posner should not be in this debate. He is clueless, but like people in his position he must express his view.
Big mistake not bringing Andreas on here
HEAR... HEAR... !!!
Andreas is a lot more well-spoken on this subject than Draper
This was really bad, they did not seem to have any actual knowledge at all...
Seconded!
wouldn't be fair for the naysayers.
"Are you guy ready to trust in computers forever?"
We're already doing it with the fiat and credit systems so that's not an argument. The main difference between the two is the governance structure and who gets to create and control the currency.
YES... YES... THOUSAND YES !!!
Just maintain the next Skynet away from the cryptocurrencies and all will be ok
Who created Bitcoin?
a man of the future who traveled back in time to save the world from self-destruction. (Satoshi N)
Skynet
That girl just spits out words without any backing. Its incredibly ignorant.
She talks about Bitcoin like its a company, like Pets.com or myspace.com, when in actual fact its a technical protocol, and is now after several decades leading up to its inception very well established. Bitcoin ain't going nowhere lady, but methinks you'll be eating your words in a few years time!
33:39 she says Gold is completely "portable", this cougar is really reaching.
Until the metal detectors get it. Can you imagine passing through an airport with a hunk of gold on you? Good luck on that one!
It was pretty hard to watch
Geo Mark “you can put it in your teeth” ........but how do you get it out to pay for stuff?? 😆😂
Worst debate ever. Neither side is educated enough to debate these topics.
Totally agree Tim’s opening statement was fucking rediculous
where do they find these people. probably stand out side Iceland with a net
Notra Name' No shit 👍👍👍 I wanna see Richard Heart in this stage. All panties would drop.
Hi ClaireP . Does the breakout hunter works or is it just another magic formula that makes only who sells it rich?
TRUE!
Hello I'm new to bitcoin trade and i have been making few loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I've been making some few loses, can you please introduce me to your broker?
That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
I trade with expert Jessica Robert her strategies are out of this world.
You know about her?
I did invest with her and I made huge profits
Why do none of these “experts” seem to know more then the most superficial information about how bitcoin works?
PUBLIC money vs Ashkenazi JOO PRIVATE banks disguised as FEDERAL "CENTRAL" banks which supply usury money, IS the point of the debate
...not the bitcoin vs fiat money stOOpid food-fight you are sold to waste your brain on.
WHOS GONNA GIVE ME MY CHANGE WHEN I USE 1 BITCOIN TO BUY A CAN OF SODA.
Lol, this is why you cant have a debate with ppl who dont understand percentages, decimals, and odds.
This lady is so lost. How well does gold work in china when you want to leave? Duh
I think the Chinese have pockets.
Gold is heavy as fuck though
No.
shes fukin stupid... she wished she had bitcoin
If there’s some sort of all hell broke lose situation... the only thing I’d value will be a gun because nothing is stopping most of these crazy people from running up into your pockets. Or socks or whatever fanny pack you think your shit is safe in...
When people compare BTC to bubbles, the examples they use are not representations of genius, transformative technologies. The block chain is the greatest invention since the internet.
How could you not have Andreas on??? R u crazy?
Tim Draper vision of future is 10 years ahead of all of us. Let's learn from him and be positive about the future.
it’s totally off . :(
Honestly, one of the worst debates I've ever seen on this channel. Neither side really even addressed the topic of whether it was a bubble at all, and instead debated whether or not bitcoin was good. The for side relied primarily on anecdotes and hype which was not compelling in the slightest. The against side at least had quasi coherent arguments, but didn't really seem to understand technology. "Do you really want to trust a computer," well, yeah, actually, technology tends to be far less error prone that humans, so I would prefer trusting a computer, tbh.
I agree. None of these people really understand crypto system, and what the attraction is.
I hear ya, Samuel. Also, I'm pretty sure it takes a massive amount of resources to extract gold out of the earth and make it in a usable/pure form. Lets not talk about the ability to travel around with it or the lack there of. Unless I'm living in an alternate reality. I find myself questioning that often after the Financial Crisis. Guess who created that?!?! Gillian declared that the US Constitution was still honored right? With Health Insurance in the US they might as just threw it in a fire. Because It's just a piece of paper now.
Exactly. I thought there would be a lot more emphasis on comparing bubbles of the past to Bitcoin.
Can u suggest some good debates
Neither side had any amazing arguments but this lady was by far the worst. She's so far off from understanding technology it's painful to hear someone try to debate on the topic let alone bitcoin. Outside of technology she seems to have a very skewed, narrow perception that fiat currency works "pretty" well. The average currency doesn't last more than 27 years and in a majority of countries that isn't the developed world, most people will accept USD than their own national currency. That part of the world is billions of people....
Also that argument about Ethereum was cringe-worthy. No one in the crypto/blockchain sphere considers ethereum's function equivalent to bitcoins... it's so far off from being a relevant argument. Ethereum is a better protocol for many many other functions but not bitcoin's functions
Do you really think countries outside of the developed world will be rushing to adopt Bitcoin though? No, obviously their economies have "structural" issues and need to take out more loans first from the IMF and World Bank in order to import the technology that would enable the usage of cryptocurrencies in those places. Cryptocurrency folks are merely trying to hype up their own investment, day-trading for the lazy, and is just as much incorporated into the global USD system as those Banana Republics. Blindly putting your faith in 'muh technology' or 'muh mathematics' is immensely fucking stupid I can't even... this is why humanities and the classics need to be taught again. Enjoy your American-Israeli run technological dystopia.
@@vapidwords Only people without understanding have blind faith. Rush seems to be going right on pace to me. People don't give a shit about IMF loans nor do they have any consequence for them. That's American-Israeli-SA racket we must move away from. Cryptoes don't need much at all tech but a smartphone and cell tower. That's a piece of cake. Number of people with those things is skyrocketing just fine without some IMF counterproductive debt servitude. 1st we make savings, then we invest. Doing it another way around with other peoples money? Just makes you poorer, suffer inflation and debtors prison. Just the exact problem bitcoin solves.
Byrne and Draper are not the best spokesmen for the motion. There are much better arguments out there,
Byrne is fine but Draper sounds a little crazy
Ego Equus Byrne is onw of the best ones around. These two nay Sayers had no chance.
way more better !! this was a grade school debate
My thoughts exactly.
PEOPLE THAT MAKE COMMENTS WHY WOULD THEY BRING ANDREAS HE KNOWS
TO MUCH IT WON'T BE A DEBATE.
Lol right????
Few things:
Gold cost more than bitcoin to produce.
First mover advantage is key for bitcoin because in crypto, network effect = security.
Gold = Trust (who stores it? can't send cross borders easily)
Fiat also turns to zero over time throughout history.
Mrs Anna is legit and her method works like magic I keep on earning every single week with her new strategy
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Anna
I think she is the best broker I ever seen
My first investment with Mrs Anna gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Yes I' m also a living testimony of expert Mrs Anna
Mrs Anna is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days
So, I’ll just keep my 0.01 bitcoin and see what happens. 😅
Pretty much. If it really takes off, all you will need is a small fraction to have a decent amount of wealth
That is the correct answer. Keep 0.1 to 0.01, or 1% to 10% of your wealth, somewhere in those ranges...because if youre right, you wont need that many bitcoin when it takes over and 1 btc is 10 mil. At least, thats where I see the endgame at. Your 0.01 will have gone from 100 bucks to 100k
@@Scorch428 Do you really think it could get there?
@@MatthewHaislip only if it replaces money, worldwide. 100 sats would be 1 dollar or something like that. I think even Hal had mentioned 1 btc being 10M someday, and that agrees with what I calculated, but Im sure theres people better at mathematics than me that could calculate the cap even closer.
Scorch428 Hmm Seems unlikely, though. Interesting.
All this proved to me was that there are more stupid people than smart people. And I knew that already.
xD
Maffmatix lmfao same
The problem is both sides have much to gain and everything to lose from their position...so theyre gonna shill, both ways.
You need a debate between someone who has nothing to gain/lose.
I'm not techy in any way and know very little about cryptography but have realized by listening to this debate how important bitcoin will be, purely by listening to the archaic reasoning of the two debaters against bitcoin. I'm a CONVERT ;)
Tanner Gray actually after listening to whole discussion I can't disagree with you Tanner :)
IVE BEEN LISTEN FOR 5 YEARS AND INVEST BUT ITS ENORMOUS SPACE AND PEOPLE REALY NEED TO JUST STUDY AND THEY WILL BE AHEAD.
Biggest point by the loudest mouth was that bitcoin was subject to viruses and computer problems which was only reiterating viruses. This system of trust is now PROVABLY on most cryptocurrencies WAY WAY WAY too difficult. The system is designed by most cryptos to be far more costly per hack than the one hack could ever possibly be worth. Wonder what i am talking about? Check out Andreas Antonopolous take on this subject it is phenomenally well versed for your eventual understanding. And good luck!
@@tannergray1362 its a difficult subject. But please listen to Antanopolous on youtube. He is the best debator and teacher.
Out of the 20+ debates I've seen this channel they need to redo this one the most.
He's still spot on about that prediction. We're looking $100k BTC and $20 Cardano on the way. $USD is losing to "magic space money" indeed.
42:58 Satoshi Nakatoma.. right...
Tony Molina that was the says it all moment of this weak ass debate...
And such a person teaches....what a fake proffesion.
I would have said the fact you don't know the guys name makes any argument you give against bitcoin, invalid.
Andreas Antonopolis would have ripped them a new one and had the audience at 100% for Bitcoin! This debate means nothing and only shows that people don't research they listen to others who also don't do their research! LOL
exactly what I was thinking
feels like this was not a real debate, but an organised attack against crypto,
I think the biggest thing that will prevent bitcoin from being adopted widely is its volatility. Imagine the price of everyday items like groceries jumping around as much as bitcoin has in the past few months? It just sounds way too infeasible.
This hasn't aged well for the people against bitcoin. In 2021 this seems ignorant and stupid.
infuriating to hear the lady. she is horrible with her points. she'd make a great politician because she slithers her way out.
I wish politicians could be so respectful of each other and discuss policies.
Sadly this was one of the worst IQ2 debates I've seen. Both teams failed to thoroughly address the fundamental question of whether or not Bitcoin is a bubble. Where was the comparison of Bitcoin vs. bubbles of the past and the consequences for those involved? It was superficial at best. In addition, neither team made a compelling case for whether or not Bitcoin would stay, again failing to draw on historical examples of comparable fads/bubbles or sustainable new innovation. I went in undecided and I left undecided.
The lady is irritating
"You should go buy gold because if something goes terribly wrong, you can always wear it, or put it in your teeth"?
Wow, she completely undermined her entire argument with that last sentence....
She just admitted you cant do shit with gold and it has little intrinsic value...just like bitcoin.
Money is a belief system. Thats all that matters. We are all voting right now with our wallets
Andreas Antonopolos here - total victory!!! =)
These type of videos are interesting to watch every 2 years and reflect.
And now with large financial institutions moving into crypto it now looks like it's actually here to stay.
Trace Mayer can easily destroy these two clowns.
The side arguing against Bitcoin completely distorted the truth. So what if Bitcoin uses a bit of electricity, all the branches of the banks, the resources to build those buildings and all the workers having to commute to work in those banks use much more electricity and oil than Bitcoin does. Bitcoin is better for the environment than banks.
You could clearly see Pro feds on one side of the debate
"You should go buy gold because if something goes terribly wrong, you can always wear it, or put it in your teeth"?
Wow, she completely undermined her entire argument with that last sentence....
It's disturbing that the audience seem to like the scare mongering from the old paradigm panel who have no clue as to what they are talking about.... It's really disturbing,
This debate is almost bewildering to me today. Basically every objection to Bitcoin they raised has been refuted a million times over. It’s amazing how much disinformation has been floating around for so long.
I could have argued better on either side.. and i'm not that smart.
Digibyte ... far and away the best UTXO coin in existence.
i'm a big fan of intelligence squared, but this debate, and the one before it regarding net neutrality, were difficult to watch. each speaker in each wasn't as intelligent on the subject as i thought they would be. or maybe they're just terrible at public speaking. not exactly sure.
A Reporter and a Professor arguing against Bitcoin. Of course. Academic Keynesians.
BTC is The Mother Coin so despite slowness the purchase power will be resolved by Defy or Etherum XRP and otger supportive Cryptocurreny smart contracts. It's a system. BTC World Economic System
haha that hi5 attempt
50:15 it helps to point out where to watch in a 1hr 39 min video :)
INteresting and valuable to listen to them as it reflects the OPINION on BTC of the top 10%. However, it is clear that none of the participants had in-depth knowledge about the topic.
Neither side seems like they really know the technicals of bitcoin. They should have had Andreas Antonopoulos or Tone Vays up there.
Hahahahaha! Tone would have destroyed these clowns without even needing a partner. It’d be a bloody mess for sure.
There was no 23 million things in USSR, there were only basic things not more than couple hundred items, and everything else were in deficit.
VERY NICE !!! BITCOIN AND THE BLOCKCHAIN WILL CHANGE THE WORLD !!!!!
They are going to end up making their own cryptocurrency and will try to make it bigger than Bitcoin, but is not going to be possible.... why do you think they are so negative about bitcoin? because is huge and it represents the end to their monopoly, they are scared and don't want to lose control.
As I type, Bitcoin is up 565% in one year, and 5% in one week, but down in the last day. Talk to me about bubble in 2020, or 2019, and explain the history of fiat currencies. Best to all, hold on.
This is really a great format.
Cryptocurrency is here to stay lady, fiat be at the back in years to come, do some due
diligence, and do your homework about bitcoin or any other cryptocurrency out there (HELLO)
She said..a dollar is always worth a dollar. Seriously!
The dollar is worth less every year, and a bitcoin is worth more every year.
Yes she lied
BTC just hit 3500, i'll be right back... going to buy some bitcoin.
Last year I learnt a very important lesson and I don't want it to be repeated again this year. I was not ready for Bitcoin or any of its story but my friend decided to talk me into it and so I became interested and decided to give it a shot and then I bought exactly 5 BTC when Bitcoin was still around $13,000+ and all.my expectations was it will continue to rise and before the year end it will get to $100,000 to one Bitcoin not knowing that market affect it. When I saw that it keep declining I became confused and decided to try out trading but I lost more and so I decided to do an intensive research on how I can really increase my Bitcoin value. During my research I found a beginners trading post talking about a strategy on how to trade and make profit massively. I was afraid at first but I decided to give it a try and I contacted the person in charge, Mr. Dominic Connor, he took time to explain to me the different ways I can make more profit in this market decline season. I invested 2 BTC of my coin, and he handle the trading for me and my profit quickly rose to 7 BTC towards the end of December 2018, and I was convinced that this is the best way to make a good profit from Bitcoin trading. If you're still confused and don't know what to do or the steps to take this year I will advice you to contact dominicconnor33@gmailcom for all your cryptocurrency questions, strategy and beginners coaching.
It’s two ridiculously rich people versus two not ridiculously rich people. Who would you rather listen to about money? 🤔
She uses the term 'Computer' lol
Good
Satoshi Naki...toma....
Haha. Wow we're early.
When you buy a bit coin, who do you send the money to? who holds the money?
What a classy debate 👏 Eric seriously earned his position as academic 👏
They said a dollar is a dollar and will always equal a dollar. This is simply NOT TRUE. Don't believe me? Then please explain to me why my grandparents were able to go to the movies, get popcorn, and a drink all for 25 cents and now today you are lucky to go to the movies spending less than $20.
A dollar DOES NOT equal a dollar and the value has decreased significantly over time and continues to decrease.
The problem with the bitcoin debate in general is that it requires knowledge of both economics and technology. This results in two large groups of people who each only understand one of the necessary topics. Both of these groups proceed to talk down to one another for not understanding the field that's *really* important to know for the debate (which conveniently, is always the field they know about, and not the field the other knows about).
The problem with this intelligence squared debate in particular is none of the debaters seem to know much about *either* the economics *or* the technology involved.
very hard to watch :(
David cringing right now
Love Tim’s enthusiasm and I agree but that opening statement was painful to hear.
Watching this talk made me want to buy more bitcoin
I can tell most of the comments on this video are from people who have investments in bitcoin ;)
Gillian Tett's arguments were extremely persuasive, that's why her side won the debate.
No Andreas, no value. In the Crypto God father we trust.
She also says use gold, well gold is finite. Just like bitcoin you can travel better with bitcoin vs gold
The worth of bitcoin is not comparable to so much i cant explain, itr baffles me how people start thinking of taking it as a minor.
I showed my mum the price of bitcoin at $6,000 very excited having watch my portfolio drop 80% in the prior bubble, my dad asked what are you looking at instantly said when will it burst... it would be another $14,000
The confidence needed to debate publicly with a lisp is insane.
This debate missed the central arguement. The real debate is should we use debt based or prepaid currency.
“Satoshi Nakatoma” loool
When Draper mentioned he had to deal with 15 people at the bank to sort out the problem, describing it as a hassle, he was actually making the case against bitcoin. When something goes wrong at the bank, there is someone you can blame and there are actually people on the other side who can rectify the situation, and if they chose not to, the bank is operating in a country and you can use that country's laws to sue. With bitcoin, all you can do is "blame the computers".
wrong audience to host this debate for. should've done it in Venezuela, Zimbabwe, Argentina, and similar countries, the people of which can't buy gold and leave the country without risking the gold being confiscated and the domestic markets certainly don't work for them, as Andreas Antonopolous said, "Don't sell bitcoin to those who don't need it." LOL
Personally I think the stabilization of crypto currency will come when mining it equals work of value. The amount of energy used is a huge drawback.
Though in this particular debate the opposition proved they don't understand much of anything about technology.
Block chain technology is here to stay, but cannot replace macroeconomic policy by central bank which was very helpful during the pandemic.
Tim makes a great point --- 1 bitcoin is always one bitcoin, a US dollar is not always worth a dollar because central banks print more and more US dollars, you can not make any bitcoin. One bitcoin is one bitcoin, we have trillions and trillions of more dollars now than we had before the 2008 crisis -- the more dollars that are made the less each dollar is worth, think about that.
We went from cowboys on Silk Road to suits and ties that have no idea what crypto is really about
It must be very hard to be the daughter of Mrs. Tett.
Anyways, minute 39 - 40, do you only want to trust computers! Look at the crisis 2008, who took over responsibility? The bank, what kind of backup you Mrs. Tett are talking about!
It was the taxpayer, the usual person on the street, who had to bail out the banks, to prevent the entire system not collapse.
The end result against the Team “For the Motion” is total understandable if you consider, that humans are always way more attracted and impressionable by fear and doubt. That’s mostly the only thing the Team “Against the Motion” spread over the entire 100 minutes.
Can you imagine what our world would look like, if we were led by these two emotions?!
Intelligence Square should do better than this.
Hmm I really like Tim and Patrick, but they aren't the right people to debate this. Andreas should be here.
This debate is horribly unsatisfying to watch. One side has polished speakers and the other side does not. The other side is not adequately presented.
This debate drives me nuts, not just because her listhp but because these arguments are so out of touch.
Again Blockchain. Cannot be hacked. Exchanges may get hacked but the investor should externally store hard drive n spread out wallets
We all should stand and fight for Bitcoin, because this is the only way to have equal rights... for so many years banks govenments and big company are the one who enjoy the money of a poor. I think it is about time to take separate with this big 3 when it comes to money, and "BITCOIN" is the answer for us all poor people, it is enough for the government and banks to take our even the most little amount of what we have... and that is more than enough proven for many countries that governments and banks are corrupt
Bitcoin will rules and Satoshi Nakamoto is right!
that bubble popped so hard I can still hear it
Why are all bitcoins valued the same as the last one bought/sold?
Shouldn't each be worth the difference between the money put in and taken out divided by number of coins?
I believe the FOR side made some grave tactical mistakes in debating this. They completely ignored the first part of the resolution - whether Bitcoin is a bubble (or in the wording of the resolution "more than a bubble"). It would have been a lot more effective to get the AGAINST to spend a lot of time on this issue and how it is a bubble, just to wrap up in closing remarks that the resolution was so positively worded that they didn't need to disprove it being a bubble nor whether Bitcoin will come out as the pack leader of the blockchain cryptocurrencies, solely whether it'll survive (it's "here to stay"). That would have been a much better debating strategy, in my opinion.
Tim and Patrick do a terrible job of representing bitcoin in this debate. I am so disappointed in their inability to give solid technical reasoning why bitcoins decentralization is precisely why its the ultimate settlement layer and sound form of money.
Whats backing it up is if an exchange gets hacked that means they most likely have insurance and will refund you.
There exist a number of good points against crypto as well as points for it, however, the team against the motion did not do a good job explaining the possible liabilities.
Just as there is room on the road for differently powered cars to coexist , Gas, Diesel or Electric, I think there is room for different types of currency in the market, Fiat, Credit Cards and Crypto.
There's a half hour ad before this video!
I like Bitcoin and have made significant gains the last year and a half, but as Bitcoin becomes too expensive to transfer people will look for an alternative. I am sure Bitcoin will keep rising, but from my assessment the next crypto to dominate the trading pair is Waves. Waves allows you to create your own token easily and uses smart contracts. Wave introduced their Decentralized Exchange (DEX) and Waves naturally made their coin the dominate trading pair. Next they plan to license the DEX to sectors of the financial industry and more.
Who here thinks quantitative easing 2, 3 and 4 were effective after the housing bubble ?? THat is -- who who didn't receive QE 2,3 and 4... liked it????
1) Miners tend to gravitate towards places with clean, cheap electricity (from hidro)
2) What will happen to the price of this amazing thing called gold, when people start mining asteroids? Space is FULL of rare metals and minerals, and there are already plans to mine them.
The house of cards is collapsing , hodl your fiat and sink with it , all fiat currencies died through history and that is fact . Gold is good alternative but its not practical for storing like BTC .
Check this one company www.therealmoney.online/hag
bitcoin is more resilient than the internet, once the private keys are created, they will be usable against any node that was up to date as of that transaction. And there are solutions to the conectivity that don't require the internet such as broadcasting the current blockchain over radio.
When he talks about "criminals" he must be talking about the government because they do everything he talks about. And, it may be hard for him to understand, but for most people it is not a big deal. Mr Posner should not be in this debate. He is clueless, but like people in his position he must express his view.
Painful to watch!!!..😩
Bitcoin is strong enough to resist on market