that bitcoin is not gold?
It's because he is a boomer?
en.wikipedia.org
Why does Peater shiff says
Nicholas Morris
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Adam Flores
He is invested in a declining narrative that nobody buys that tries to compete with growing narratives. So yeah, he is a Boomer that will most probably die alone in poverty because he missed the boat
Wyatt Parker
He’s already in the top 1% so I don’t think he will die in poverty but he deeply entrenched in an asset class that is inferior to crypto/btc.
William Foster
Peter Schiff does not seem to understand the value that is inherent to an immutable public distributed ledger.
James Cox
>It's because he is a boomer?
almost. you know what he is.
Connor Cook
Who’s ta is this?
What does it mean
Carson Morgan
dont listen to such people, do your own research and invest, like check @telecoin at Telecoin.info and you will be amazed
Jace Adams
You are implying that the keynesian ponzi that will collapse with declining productivity and consumer base will not tank every asset and commodity. Gold bugs are deluded Boomers. Crypto junky are not better, but they have growth potential because the narrative has more growth potential
>ib4 Gold was always a store of value
Doesn't matter, the gold story is a s stale and boring as the holocaust
Joseph Scott
He says that commodities like gold will not go down tru recession but I don't understand why he doesn't think at bitcoin liek gold 2.0.,,,, maybe because if internet ''flushes'' in the waters you will have no bitcoin but gold yes, fuck you'll have it
Luis Gomez
Schiff's real problem with BTC is that it doesn't exist in the real world, and doesn't have any intrinsic value, he's correct. I mean, if you listen to any if the debates or talks hes done about crypto, hes right, but people do weird shit, and we're all gonna make it off Link.
Aaron Harris
His real problem is he didn't buy any and now he's salty.
Anthony Rogers
it's not gold because gold sucks
Gavin Bennett
he doesn't understand a simple principle:
"why is evidence of past expenditure of computer power valuable?"
twitter.com
Gavin Smith
private keys are mathematical proofs of ownership
of course they exist in the real world
they have the intrinsic value of proving your wealth
can stupid can you get if you don't see how that's categorically part of our reality?
do you store your 'linkies' on exchanges? if so, then you're a mule nigger because your token can't even be used for what it has value: staking on an oracle pool and providing collateral
Jacob Smith
They are different in an important way.
Physical gold can not be destroyed, whereas bitcoins have been/can be. That's good for value, bad for a fort knox like structure which countries (STILL TO THIS DAY) need to have some physical to borrow against, though much less than before obviously.
I honestly see both going up.
Nothing beats land though.
Jaxson Flores
Nothing has intrinsic value. You expect people to give a fuck gold if the world comes crashing down? All you're doing is lugging around a pile of shiny heavy ass rocks for all anyone cares.
Levi Lopez
That body language ghost lady says that Schiff is a liar and has already started investing in crypto while continuing to spread fud
Bentley Kelly
Brother you own a remington for the apocalypse, gold for the crisis, and stocks for the party.
Logan Watson
Bitcoin is valuable for several reasons. First and foremost, it gains value from the speculative industry behind it. Second, the nature of its scarcity give it value, since you need computer power (which can roughly be translated into energy) to mine it. When you think about it, cryptocurrencies do to energy what bank notes did to gold, except of course, BTC can't be created of thin air like fiat can nowadays. Third, it has value a new asset class, and useful as a hedge against other asset classes. Fourth, BTC is the first mover and gatekeeper of the blockchain technology and whatever uses it might find. Any successful altcoin project indirectly gives value to BTC.
Jonathan Howard
His "intrinsic value" argument is just an arbitrary category of things he likes and sells, it's a dubious concept. He's just a meme at this point, not an intellectually substantive foil.
Camden Murphy
>nothing has intrinsic value
Holy fuck you're retarded.
Tyler Jones
He's said many, many times that he wishes he'd have bought them super cheap. He's not chasing hype and bubbles and he invests in things that will perform long term. I agree that for now people can make money on crypto, but in the end, gold is real fucking money, and anyone who disagrees is a subhuman nigger.
Julian Torres
>inferior to crypto/btc.
Comparing a metal, to a shit coin
How cute
Andrew Hernandez
HOLY FUCK YOU RETARDS THIS SCHIFF IS A CLASSIC Jow ForumsRAELI
HE FUDS HIS OWN BAGS
HE DEFINITELY HOLDS HUNDREDS OF BTC, AT THE VERY LEAST