Bitcoin will be on the Peter Schiff Show 2011-06-20 at 10AM EDT - page 3.

finnthecelt

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Quote from: pokermon919 on June 20, 2011, 10:02:22 AM

Didn't get a chance to hear it yet, but I had a feeling where Shiff stands on bitcoin. I like Peter he keeps it real honest although sometimes he too much of a doom and gloomer, but if ppl saw the big picture like he does there is no reason not to be a doom and gloomer.

When Schiff first started promoting gold he was promoting all kinds of paper products that were very risky. He has since changed his tune.

Schiff's a respectable enough of a fellow but it doesn't mean he understands completely what he's talking about. There's an interview that he did with Robert Kiyosaki that will prove that point quite clearly.

pokermon919

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Didn't get a chance to hear it yet, but I had a feeling where Shiff stands on bitcoin. I like Peter he keeps it real honest although sometimes he too much of a doom and gloomer, but if ppl saw the big picture like he does there is no reason not to be a doom and gloomer.

finnthecelt

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Quote from: pokermon919 on June 20, 2011, 01:29:55 AM

Shiff bashed bitcoin before, he talked about it and said negative things about it like, no intrinsic value, its a scam, don't get caught holding the bag etc etc. I can already tell what the show will be like, he will repeat his warnings to not touch bitcoin. Especially after the Mt. Gox incident. Guarantee he will bring that up and will be bashing bitcoin. I don't know why but a majority of the precious metals community really don't like bitcoin. They don't understand the revolutionary impact it can have. I think its because they are focused on things intrinsicly and since bitcoin isn't physical they disclaim it right away.

That's probably true for the most part. I for one am a silver guy and initially dismissed BTC. Not long ago a member of the gold community wrote a piece about BTC in a positive manner and I reevaluated my position. I think he pushed a lot of activity into BTC because shortly thereafter the price ran up like nobody's biz but I think the BTC community largely missed this as it's not their world. Just like the silver and gold people largley do not frequent here.

Most silver and gold bugs have been trained to think in terms of tangible assets. Also, most of them are an older generation skeptical of technology. Fortunately for me I am younger and just simply skeptical of security! Moreso now than ever (Mt Gox).

I have a large circle that turn to me for advice and I have been explaining to them the similar concepts of mining gold and mining BTC. It'll be a process but there's some acceptance already and one guy is going to be purchasing BTC from an exchange. Progress.

Dobrodav

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As i am heard (and this can be wrong), that there is very restricted rules on trading metals start to act in US. How this will affect gold\silver guys ?

hazek

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Quote from: libertyzeal on June 20, 2011, 09:39:20 AM

Here we go, Peter is saying that bitcoin doesn't have any intrinsic value.. this is the point where this Norman guy needs to hit a home run and sounds like he's striking out =(

Yea but the guy did an excellent rebuttal to that I thought.

libertyzeal

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Here we go, Peter is saying that bitcoin doesn't have any intrinsic value.. this is the point where this Norman guy needs to hit a home run and sounds like he's striking out =(

zby

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Bitcoin Consultancy are the guys behind britcoin.co.uk - they are members of this forum and I've contacted them, hopefully they'll introduce themselves here.

frozen

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Schiff called it bitcom near the beginning of the show. He corrected himself after the commercial. But he's describing Donald Norman as being the founder of the bitcoin "concept."

hazek

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Coming up now, live! After commercials!

blendergasket

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Quote from: frozen on June 19, 2011, 11:40:40 PM

Quote from: blendergasket on June 19, 2011, 11:37:07 PM

I reckon I'm going to be asleep but I'd love to hear this one. if anyone records it would they mind posting a link to it on this forum?

Many advanced thanks.

If you go to http://www.schiffradio.com you'll see that you can download, for example, Friday's show. Tomorrow's show airs from 10AM to noon, so you should be able to get the MP3 for the download sometime after that, usually within a few hours. You'll have between 24 and 48 hours to download it before falls behind the pay wall. Although it isn't a very strong pay wall, there is a way around it.

Thanks for that! I'll definitely download it.

Valhalla1

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I'd guess he'll be anti-bitcoin. For one, he sells precious metals and would rather his listeners buy the gold and silver he sells than bitcoins. Secondly, he's been on a sort of scam hunt of late, calling out pump-and-dumpers like the National Inflation Association, and might be wanting to add bitcoin to his 'scam list'

Travis

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Quote from: pokermon919 on June 20, 2011, 01:29:55 AM

Shiff bashed bitcoin before, he talked about it and said negative things about it like, no intrinsic value, its a scam, don't get caught holding the bag etc etc. I can already tell what the show will be like, he will repeat his warnings to not touch bitcoin. Especially after the Mt. Gox incident. Guarantee he will bring that up and will be bashing bitcoin. I don't know why but a majority of the precious metals community really don't like bitcoin. They don't understand the revolutionary impact it can have. I think its because they are focused on things intrinsicly and since bitcoin isn't physical they disclaim it right away.

Hmmm. Well I'll be tuning in to this show, interested to see what he has to say even if its negative. But I don't understand why this "intrinsic value" concept seems so prevalent, I thought it had no basis in the Austrian school at all. Maybe its just because gold and silver are obviously so much safer. Yeah, Bitcoin is a lot more speculative than gold and silver, so what, that isn't reason enough to bash it. I'm more interested to hear his thoughts as an Austrian thinker than I am his thoughts as an investment broker.

libertyzeal

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I've been a Peter Schiff fan for years, so I'll definitely be looking forward to this. I just hope Peter gives bitcoin a fair shake, it's a non-trivial thing to explain, especially to non-technical people, but what won me over (I was extremely skeptical of bitcoin early on) was that it exhibits most of the properties that have made gold the best medium of exchange historically.

If you truly understand what bitcoin is, it's hard to like gold and not like bitcoin, because they are essentially valuable for all the same reasons.

noedaRDH

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Finding Satoshi

Quote from: pokermon919 on June 20, 2011, 01:29:55 AM

Shiff bashed bitcoin before, he talked about it and said negative things about it like, no intrinsic value, its a scam, don't get caught holding the bag etc etc. I can already tell what the show will be like, he will repeat his warnings to not touch bitcoin. Especially after the Mt. Gox incident. Guarantee he will bring that up and will be bashing bitcoin. I don't know why but a majority of the precious metals community really don't like bitcoin. They don't understand the revolutionary impact it can have. I think its because they are focused on things intrinsicly and since bitcoin isn't physical they disclaim it right away.

Dinosaurs still roam the Earth, despite what they teach you in school.

pokermon919

member

Activity: 84

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Shiff bashed bitcoin before, he talked about it and said negative things about it like, no intrinsic value, its a scam, don't get caught holding the bag etc etc. I can already tell what the show will be like, he will repeat his warnings to not touch bitcoin. Especially after the Mt. Gox incident. Guarantee he will bring that up and will be bashing bitcoin. I don't know why but a majority of the precious metals community really don't like bitcoin. They don't understand the revolutionary impact it can have. I think its because they are focused on things intrinsicly and since bitcoin isn't physical they disclaim it right away.

frozen

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Activity: 196

Merit: 100

I remember the first time bitcoin was mentioned on Schiff's show. It came from a caller sometime in February. The caller had more than one question, and he asked them all of them up front, one of them being about bitcoin. Schiff didn't address the bitcoin question at all, and the caller seemed to not realize this.

goldbit

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Schiff talked about bitcoin before. I did not hear the clip, but someone from one of the gold message board said he was NOT pro-bitcoin.

done

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this will be a can't miss discussion

frozen

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Quote from: blendergasket on June 19, 2011, 11:37:07 PM

I reckon I'm going to be asleep but I'd love to hear this one. if anyone records it would they mind posting a link to it on this forum?

Many advanced thanks.

If you go to http://www.schiffradio.com you'll see that you can download, for example, Friday's show. Tomorrow's show airs from 10AM to noon, so you should be able to get the MP3 for the download sometime after that, usually within a few hours. You'll have between 24 and 48 hours to download it before falls behind the pay wall. Although it isn't a very strong pay wall, there is a way around it.

frozen

full member

Activity: 196

Merit: 100

Quote from: MoonShadow on June 19, 2011, 11:31:55 PM

Peter Schiff is a well known Austrian economist with a damn good track record of predictions. He's ran for Congress in the past. If Peter Schiff even hints at having put any significant amount of his own funds into Bitcoin, there is going to be a major rally regardless of the issues at MtGox. He also knows this about himself, so odds are good that he will not make any obvious moves towards Bitcoin. If he thinks poorly of Bitcoin, he will say so, and then the trade value is going to drop for some time.

Oops! In my original post, I said that I had never heard of this person or site before.. but I forgot that I had mentioned two people and two sites! I am well aware of Peter Schiff and his radio show! I am a big fan, and up until recently I had been listening to every show. When I said that I had never heard of this person or site before, I was referring to "Donald Norman" and this Bitcoin Consultancy.

I am concerned about whether this person is the best person for Peter to conduct an interview with, because I've never heard of him!

Oh, and, Peter actually ran for Senate.

Topic: Bitcoin will be on the Peter Schiff Show 2011-06-20 at 10AM EDT - page 3. (Read 7371 times)