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Topic: Cooked up stories against Bitcoin. (Read 79 times)

full member
Activity: 2576
Merit: 205
I was scrolling through X this evening and i came across about the story of Peter Schiff a Bitcoin influencer on X. Though its an old story i only want to understand how possible for a wallet to forget a user password.

In my understanding i think he forgot his password yet he still insist he never did. That was how he lost his entire Bitcoins.
one word: ridiculous. if someone is going to go against bitcoin at least make it seem like realistic. first of all, i have never heard of an internet platform "forgetting" a password. passwords are encrypted and stored away safely. it is a technological device, how can it forget a password? does your notes app forget about the things you write in there? no.
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This was his last statement - " I knew owning Bitcoin was a bad idea, I just never realized it was this bad!" . And i fully disagree with him him.
if anyone had any ounce of respect for this man this should be the limit because he is blatantly trying to make bitcoin bad but failing pathetically because first of all he obviously doesn't know how wallets and bitcoins work because bitcoin itself has nothing to do with whatever is wrong with his wallet of choice

if someone truly believes this, i will be convinced that there really are still idiots in the world
hero member
Activity: 1484
Merit: 598
I was scrolling through X this evening and i came across about the story of Peter Schiff a Bitcoin influencer on X. Though its an old story i only want to understand how possible for a wallet to forget a user password.

It happens to some people and it can be hard to find an answer to how it is possible for them to happen like that.
I also have a friend who said he had some bitcoins but he forgot the password to the wallet he was storing it in so he currently has no access to it.

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In my understanding i think he forgot his password yet he still insist he never did. That was how he lost his entire Bitcoins.

This was his last statement - " I knew owning Bitcoin was a bad idea, I just never realized it was this bad!" . And i fully disagree with him him.
His language is like a politician because if you look at the meaning of his last word, it shows something that does not admit his mistakes, even though you say he is an economist.
It is almost impossible to understand something like this and there will probably always be no answer that we can give to people like that.
Sometimes people say something based on different facts and it is the same as people who say bitcoin is one of the best investments but they themselves have not started it, or it could be that those who spread negative issues about bitcoin but secretly they are trying to learn about bitcoin.
legendary
Activity: 994
Merit: 1089
Wheel of Whales 🐳
Can we stop making Peter Schiff more popular in a BTC forum, he does not like BTC and he has always said this, we do not care about him, but it will be better if we stop giving him attention here. I don't even want to follow the whole story in the OP, i don't know what he meant by his wallet forgot his password, i don't know the kind of wallet he used, but i am sure he is simply saying rubbish.
member
Activity: 112
Merit: 61
Yes we have people who are still criticizing Bitcoin till date even after knowing that Bitcoin right now is one of the biggest investment in the world, some of all this people criticizing Bitcoin online are secretly investing on it, I know of someone who always talk bad about Bitcoin when ever we gather to discuss as friends but his secretly accumulating Bitcoin and holding, I really don't bother myself with those Bitcoin critic anymore because I know they are just seeking for attention, some of all this Bitcoin critic are part of those people that had the opportunity to invest in Bitcoin when Bitcoin was not valuable and they refuse now they are angry and they decided to criticize Bitcoin while investing secretly.
Bitcoin don't need all this X influencers because Bitcoin is already a global coin, whether Bitcoin is advertised by X influencers or not it won't stop Bitcoin from growing, a lot of people are already aware of Bitcoin, all this Bitcoin critic can't stop it from growing, Bitcoin investment is a good investment and it has removed a lot of people from poverty I know people who has made it in life through Bitcoin investment.
No one can stop Bitcoin not even the government not to talk of a X Bitcoin critic.
hero member
Activity: 3234
Merit: 775
🌀 Cosmic Casino
I was scrolling through X this evening and i came across about the story of Peter Schiff a Bitcoin influencer on X.
...
In the end i noticed he was an economist, a Bitcoin critic and a gold maximalist.
I'll never call this guy a Bitcoin influencer, he's a Bitcoin hater. He's said a lot of bad things about Bitcoin and obviously, he's into gold so there might be some conflict to what he promotes.

Are there people like this still existing?
Yes, a ton of them. Not admitting their mistakes but likes to critic a lot and not looking at their own faults when things did go wrong on them.
sr. member
Activity: 728
Merit: 415
‘His wallet forgot his password’ Now that’s something truly hilarious. How do machines or programs forget? How did he come to terms with this resolution! I imagine that people who come to invest in Bitcoin should at least be learned with the least about technology and how it works. For something as simple as passwords and with Bitcoin/Bitcoin wallets, seed phrases.
I have been trying to access the full story on X, but my network seems not to allow me.

This is not a case of a Bitcoin investor not knowing his way around Bitcoin or not understanding the technology; it’s a case of Bitcoin critics trying so hard to condemn the technology and trying to find a fault and imperfection from what they don’t understand. If not, I don’t understand how Bitcoin will forget a password, or how the user is the one that forgot his password to a wallet or forgot his seed phrase combination.
legendary
Activity: 2282
Merit: 3014
Of course there's plenty of people that exist like this still and this is your classic case of FUD.  Peter is an absolute buffoons of a fool who's been hating on bitcoin for god knows how long.  As long as I've known about bitcoin I would probably say.

There are always going to be people whom don't like change.  They don't like bitcoin not because it's not a great breakthrough technology, but because it goes against what THEY have believed in for so long and are unwilling to ever change.
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Activity: -
Merit: -
He may not know what private key or seed phrase is. He may think everything needed to access bitcoin is the wallet password but which is not true.

He may even argue that his wallet forget the private key or the seed phrase but which is still ignorance.

This is what comes to my mind after seeing his tweet, he looks like a boomer who is stuck with centralized systems which require a username & password to open an account. From here we know that he criticized Bitcoin without knowing everything about Bitcoin. It could be that right now he also thinks that fish live in the air & birds live in the sea because of his logical flaw in assessing things.
sr. member
Activity: 588
Merit: 273
I was scrolling through X this evening and i came across about the story of Peter Schiff a Bitcoin influencer on X.
This is the first time I have heard someone referred to Peter Schiff as a Bitcoin influencer. This is mislabeling. Mr Peter Schiff is a renowned Bitcoin critic. Anything he writes or says about Bitcoin is to discredit it.

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This was his last statement - " I knew owning Bitcoin was a bad idea, I just never realized it was this bad!" . And i fully disagree with him him.
You see what I mean. Bitcoin is what has kept him relevant since he stopped talking about economics to now focus on talking against Bitcoin.

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In the end i noticed he was an economist, a Bitcoin critic and a gold maximalist.
Yes, a damn Bitcoin critic who cannot write about anything else without condemning bitcoin. I know he has Bitcoin but he needs to stay relevant.

full member
Activity: 203
Merit: 106
🌀 Cosmic Casino
‘His wallet forgot his password’ Now that’s something truly hilarious. How do machines or programs forget? How did he come to terms with this resolution! I imagine that people who come to invest in Bitcoin should at least be learned with the least about technology and how it works. For something as simple as passwords and with Bitcoin/Bitcoin wallets, seed phrases.

This is a person that has way too many passwords and possibly have altered one to keep it discrete from the rest but tends to forget what it was and as security would have it, all incorrect attempts would always remain incorrect. Funny he blames that on Bitcoin and machines.
legendary
Activity: 1106
Merit: 1337
Lightning network is good with small amount of BTC
He may not know what private key or seed phrase is. He may think everything needed to access bitcoin is the wallet password but which is not true.

He may even argue that his wallet forget the private key or the seed phrase but which is still ignorance.

Peter Schiff has been a bitcoin critic but he has and he has always failed about everything he says about bitcoin to people. This is another man people should learn from that not everything these well known people are saying should we believe.
full member
Activity: 350
Merit: 160
I was scrolling through X this evening and i came across about the story of Peter Schiff a Bitcoin influencer on X. Though its an old story i only want to understand how possible for a wallet to forget a user password.

In my understanding i think he forgot his password yet he still insist he never did. That was how he lost his entire Bitcoins.

This was his last statement - " I knew owning Bitcoin was a bad idea, I just never realized it was this bad!" . And i fully disagree with him him.

In the end i noticed he was an economist, a Bitcoin critic and a gold maximalist.

Are there people like this still existing?



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