Mike Maloney is a big blocker : btc - reddit

Mike Maloney and Bitcoin vs The Federal Reserve

Resubmitted because the previous one got tagged "Fiat" for some reason:
Link to thread in question
Here, the user links to a rather amusing and conspiratorial video by Mike Maloney about the evils of FIAT CURRENCY, but I'm not RIing the video, rather the post, which argues that bitcoin should replace fiat currency.
The fact that there is constant debt, inflation and devaluation of the dollar (and other currencies) seems to be completely backwards of how it should be
While debt has certainly increased since the US got off the gold standard, debt by itself isn't really a problem. For instance, this paper finds that debt:GDP doesn't really become a problem until 90-100%. As long as the debt isn't so high that lenders worry that the government won't be able to pay it off, interest rates can remain low (as they have in the US). Furthermore, the user claims that there has been "constant devaluation of the dollar." In fact, with the exceptions of the immediately post-war period where we really needed to reduce the debt that we had incurred fighting a world war, and the 1970s where there was an oil supply shock (and some overprinting) inflation has been low and stable since ~1930 when we got off the gold standard.
It has an unpredictable supply, it's easily counterfeited, not very durable and inflation.
I'll address the inflation/unpredictable supply in a moment, but as for the counterfeiting, the US treasury itself says counterfeiting is pretty rare, saying that "In sum, counterfeiting is not currently a serious problem for the U.S. economy as a whole."
As for durability, I couldn't really find studies on how many dollars are defaced/broken/ripped every year, but I'd say it's pretty low and not a huge issue in the grand scheme of things.
Inflation incentives spending rather than saving. You might argue that spending drives the economy forth, but it also creates bad habits among people, and makes it more profitable to loan, rather than save.
The OP does not here account for the fact that interest rates will adjust to accommodate inflation. For instance, during the 1970s/early 1980s, when inflation was very high, we saw nominal interest rates go up accordingly - thus, in the long run, predicted inflation doesn't really impact the savings rate. Here is a good paper that lays out in theoretical and empirical terms why low, stable inflation is good. There are two primary reasons:
Firstly, some inflation allows the federal reserve more breathing room to lower interest rates when it needs to during recessions. Low interest rates encourage spending, and since the real interest rate is the nominal interest rate minus inflation, having some inflation allows you to get the real interest rate low or negative if need be. Secondly, there are various costs to deflation. One is wage stickiness. Because productivity of workers is affected by their wages (higher wages increase morale), deflation, which requires wage decreases in order to keep real wages the same, will negatively impact productivity (however, inflation will allow employers to lower real wages by keeping wages the same without negatively impacting morale in the same way).
submitted by TheImmortalPassado to badeconomics [link] [comments]

Bitcoin mentioned around Reddit: Mike Maloney and Bitcoin vs The Federal Reserve /r/badeconomics

Bitcoin mentioned around Reddit: Mike Maloney and Bitcoin vs The Federal Reserve /badeconomics submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Mike Maloney and Bitcoin vs The Federal Reserve /r/badeconomics

Bitcoin mentioned around Reddit: Mike Maloney and Bitcoin vs The Federal Reserve /badeconomics submitted by BitcoinAllBot to BitcoinAll [link] [comments]

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early.

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early. submitted by Ostrich-Positive to Bitcoin [link] [comments]

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early.

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early. submitted by GoldenRain99 to CryptoCurrency [link] [comments]

EPIC CLIP - Dan Larimer: "In the future, Bitcoin is going to live on the EOS network." - Dan Larimer describes Bitcoin and Ethereum on the EOS blockchain. Interview with Mike Maloney.

EPIC CLIP - Dan Larimer: submitted by ColinTalksCrypto to eos [link] [comments]

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early.

If you're stressed out by Bitcoin 20% price drop , Watch this video by Mike Maloney on how the government, Federal reserve and the treasury and the big banks has robbed our freedom and wealth using Fiat currencies. Bitcoin can be used to fight and wipe out those scammers. We are early. submitted by scgco to GGCrypto [link] [comments]

Mike Maloney is pro Bitcoin (Cash) and calls core a speculative vehicle

From Bitcoin To Hashgraph: The Crypto Revolution - Hidden Secrets Of Money Ep 8
The whole thing is really worth watching..
Taken from one of the comments in the comment section:
Yesterday:
12:46 - "Bitcoin is both a currency and a payment system"
26:30 - "There's a small transaction fee"
30:40 "The answer to mankinds problems, a simple medium of exchange"
Today:
38:58 - "was once fast and cheap is now slow and expensive"
39:05 - "bitcoin forking into multiple versions and alternative cryptocurrencies gaining market shares"
50:05 - "it's no longer a currency only a speculative vehicle for people to make gains from and not something which you could use in starbucks to buy a cup of coffee"
50:20 - "a friend of mine just did a transaction that took 4 hours for a confirmation"
51:20 - "some cryptocurrencies offer the ability to pay extra to have your transaction mined first and that really is not fair; a distributed ledger should record every transaction at the absolute time of event"
1:10:40 - "what has happend to bitcoin is that it is no longer the promise of a currency"
1:10:55 - "nobody is using it for transactions they're using it as a speculation now. So it's not living up to the original promise what bitcoin was supposed to be."
Bitcoin (Cash) lives up to all of the original Bitcoins promises.
Well said..
submitted by dementperson to btc [link] [comments]

Powerful words from Mike Maloney: "I would like to encourage all of your viewers to start using the free market cryptos [like Bitcoin Cash] in transactions...There's a very small window here...Its about how its going to change the world..Its the difference between freedom and enslavement." @14m21s

Powerful words from Mike Maloney: submitted by cryptorebel to btc [link] [comments]

Mike Maloney on Bitcoin Cash (BCH), Roger Ver, gold and silver

Mike Maloney on Bitcoin Cash (BCH), Roger Ver, gold and silver submitted by scotty321 to btc [link] [comments]

From Bitcoin to Hashgraph - Hidden Secrets of Money with Mike Maloney looks at the crypto revolution and the potential of distributed technology to change the world.

From Bitcoin to Hashgraph - Hidden Secrets of Money with Mike Maloney looks at the crypto revolution and the potential of distributed technology to change the world. submitted by hashgraph to hashgraph [link] [comments]

Mike Maloney, producer of the Hidden Secrets of Money, states that bitcoin, like gold and silver, may solve the problems associated with national fiat currencies.

Mike Maloney, producer of the Hidden Secrets of Money, states that bitcoin, like gold and silver, may solve the problems associated with national fiat currencies. submitted by Auchen to Bitcoin [link] [comments]

Mike Maloney, creator of the excellent "Hidden Secrets of Money" video series, is now accepting Bitcoin on his goldsilver.com site. And, in good form, Bitcoin is the cheapest & fastest payment option! :)

submitted by scotty321 to Bitcoin [link] [comments]

Powerful words from Mike Maloney: "I would like to encourage all of your viewers to start using the free market cryptos [like Bitcoin Cash] in transactions...There's a very small window here...Its about how its going to change the world..Its the difference between freedom and enslavement." @14m21s

Powerful words from Mike Maloney: submitted by cryptoallbot to cryptoall [link] [comments]

Powerful words from Mike Maloney: "I would like to encourage all of your viewers to start using the free market cryptos [like Bitcoin Cash] in transactions...There's a very small window here...Its about how its going to change the world..Its the difference between freedom and enslavement." @14m21s

Powerful words from Mike Maloney: submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Some rather nice words here from Mike Maloney regarding Bitcoin and crossing the gold parity line.

Some rather nice words here from Mike Maloney regarding Bitcoin and crossing the gold parity line. submitted by NvrIdle to Bitcoin [link] [comments]

Mike Maloney on Bitcoin Cash (BCH), Roger Ver, gold and silver

Mike Maloney on Bitcoin Cash (BCH), Roger Ver, gold and silver submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Exclusive interview with Mike Maloney on The Cryptoverse podcast with Chris Coney which looks at Bitcoin's energy consumption, hashgraph, and the future of distributed technology.

Exclusive interview with Mike Maloney on The Cryptoverse podcast with Chris Coney which looks at Bitcoin's energy consumption, hashgraph, and the future of distributed technology. submitted by Hashgraph-Alec to hashgraph [link] [comments]

Mike Maloney is pro Bitcoin (Cash) and calls core a speculative vehicle /r/btc

Mike Maloney is pro Bitcoin (Cash) and calls core a speculative vehicle /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Mike Maloney: Bitcoin and Cryptocurrencies on the Coming World War 'E'.

Mike Maloney: Bitcoin and Cryptocurrencies on the Coming World War 'E'. submitted by readish to Bitcoin [link] [comments]

Mike Maloney, producer of the Hidden Secrets of Money, states that bitcoin, like gold and silver, may solve the problems associated with national fiat currencies.

Mike Maloney, producer of the Hidden Secrets of Money, states that bitcoin, like gold and silver, may solve the problems associated with national fiat currencies. submitted by acoindr to bitcoinxt [link] [comments]

Gold and silver is the best money now Bitcoin is being tired and may prove to be better says Mike Maloney

Gold and silver is the best money now Bitcoin is being tired and may prove to be better says Mike Maloney submitted by PoliticalDissidents to Bitcoin [link] [comments]

Mike Maloney - QE Infinity Will Ignite Bitcoin, Gold ... World War 3 Meets Gold & Bitcoin - Mike Maloney - YouTube How To Buy Gold With Bitcoin - Mike Maloney - YouTube What I LOVE About Bitcoin - Mike Maloney - YouTube Bitcoin & Gold Are On The Same Team - Mike Maloney - YouTube

bitcoin is dumping to this price as the stock markets are crashing!!!!! 48284 15:54 Blockchain for Social Impact – Accelerating the SDGs AID:Tech COO Niall Dennehy at TEDx TCD 2018 Mike Maloney has actually been really careful not to divulge exactly which coins he is into, stating that he knows how volatile they are and does not want to paint himself a shill or mislead people, which is admirable. Bitcoin will live on EOS, Dan Larimer & Mike Maloney "In the future, Bitcoin is going to live on the EOS Network", said Dan Larimer, CTO of Block.One, in an interview with Mike Maloney, the "Freedom Persuader", in which other interesting topics were also discussed. @Mike Maloney … have you ever considered the possiblitiy that Bitcoin was invented by the fed (everybody assumes they are stupid.. but they are way too mighty) and right now it is just a beta Phase until they got profit enough out of the pollar. Mike Maloney was born in Willamette, Oregon, and spent most of his youth in the Los Angeles area. He is a life-long inventor and entrepreneur. At age 17 he traveled all over the U.S. selling mini-bikes and go-karts. By age 23, Mike founded the sales firm of Michael Maloney & Associates, growing it to five employees and two branch offices. He became a designer and manufacturer of high-end ...

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Mike Maloney - QE Infinity Will Ignite Bitcoin, Gold ...

More: http://www.goldsilver.com Can you buy gold with Bitcoin? What about other cryptocurrencies? The answer to both questions is a resounding “Yes!” Since B... Welcome to YouTube's most compelling investing channel. Author of the world's #1 best selling book 'Guide To Investing In Gold & Silver', Mike Maloney, is yo... What effect could US military action have on gold, silver and cryptocurrency values? Max Keiser & Stacy Herbert recently interviewed Mike Maloney for their p... Mike Maloney - QE Infinity Will Ignite Bitcoin, Gold & Silver Today we sit down with Gold & Silver investing guru Mike Maloney. Mike & his team also created ... More: http://www.hiddensecretsofmoney.com Mike took questions from attendees at the latest Cambridge House conference in Vancouver. One of the most common th...

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