How do you feel about Peter Schiff?

FriendlyPufferfish

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I like him cuz he's intelligent and he keeps it real.

I hate him cuz he shits on crypto like there's no tomorrow.

What about youse guys?
his son is full-on crypto supposedly. cant wait for the day he is worth more than his father, the memes will be great.
 

moonshine7000

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He likes gold, but the government can seize gold at any time I'm not going to carry large amounts of gold.He is wrong on some things about crypto,you can send crypto to anyone in the world without permission if you keep it off the exchange.
 

Scorpion Ghost

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his son is full-on crypto supposedly. cant wait for the day he is worth more than his father, the memes will be great.

Maybe it's conspiracy. If gold blows up the father makes it big, if crypto blows up the son makes it big, they win either way. Hmmm :p

He likes gold, but the government can seize gold at any time I'm not going to carry large amounts of gold.He is wrong on some things about crypto,you can send crypto to anyone in the world without permission if you keep it off the exchange.

Sure he's wrong about some things, but he's also right about some things that can't be denied.

For example, the argument that you can actually use gold for stuff and you can't use crypto for anything. Like making jewelry for example. That's a good argument, but fuck jewelry.

But for example I was watching some documentary on Youtube and they were talking about some badass telescope or something, I think the biggest telescope in the world. Anyway and there is some piece of the telescope made out of gold, and they had to use gold because it has some properties and it was the only thing they could have used for this specific thing.

Of course, technology is always advancing and who's to say someone won't come up with a way to literally create gold in a lab, or anyway to create an alternative to gold for any needs humanity has (telescopes, microchips, whatever).

Still, can't deny that gold has that over on crypto.

I have no gold, I have crypto. So fuck gold, go crypto! But I'm just saying :)
 

FriendlyPufferfish

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you can't use crypto for anything
you can use crypto for stuff, its just a little less tangible. instant permissionless transferences without frontiers is a thing much more useful than jewelry if you ask me. and DEFI is useful too. the world is built over finances; how could defi not be a useful thing?
also, even BTCis useful. in many third-world countries, we use it to combat rampant inflation of our currencies. which one is more useful is subjective, but both have real-world uses.
 
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