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Topic: CZ, and Charles Hoskinson takedown Peter Schiff with brilliant responses!!! (Read 313 times)

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Hey I have some services online and 30% of the customers want to pay by paypal, I only work with BTC.

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full member
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How is this a "takedown" and how are these answers "brilliant"? If you take a look at any of his posts, you'd see +80% of the comments roasting him and <20% supporting him.
I disagree. The answer by CZ in particular was brilliant since it makes complete sense. Schiff is obsessed with BTC and crypto in a negative manner which is easy to observe. Even if he is an old man, he is still a top notch stock brocker.

Especially, when it's CZ, that's not a trustworthy guy anyway
I don't see why you think CZ is not trustworthy. Binance is easily the most trustworthy exchange on the market currently for a multitude of reasons and CZ is one of the primary reasons for that.

He is one of the few crypto individuals I would trust.

I have to agree with your point. If CZ is not trustworthy among crypto users, why is Binance among the top exchanges? Because if there's no trust from its users, I don't think they will patronize this exchange. I think he is one of the few individuals that doesn't believe on CZ. But look at BNB, they now own CMC. If people has no respect on CZ, I don't think he will be earning multi-million dollars in crypto and purchase CMC very easily.
hero member
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How is this a "takedown" and how are these answers "brilliant"? If you take a look at any of his posts, you'd see +80% of the comments roasting him and <20% supporting him.
I disagree. The answer by CZ in particular was brilliant since it makes complete sense. Schiff is obsessed with BTC and crypto in a negative manner which is easy to observe. Even if he is an old man, he is still a top notch stock brocker.

Especially, when it's CZ, that's not a trustworthy guy anyway
I don't see why you think CZ is not trustworthy. Binance is easily the most trustworthy exchange on the market currently for a multitude of reasons and CZ is one of the primary reasons for that.

He is one of the few crypto individuals I would trust.
newbie
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How is this a "takedown" and how are these answers "brilliant"? If you take a look at any of his posts, you'd see +80% of the comments roasting him and <20% supporting him. He's an old man, he doesn't even understand how Bitcoin works. The last time he tried to show how crappy Bitcoin is turned 180 degrees straight against his own forehead. With that tweet about "blockchain forgetting his password" he showed how much he really knows about BTC. Boomer.

That's exactly right, this man will take himself down without any external help. Especially, when it's CZ, that's not a trustworthy guy anyway
legendary
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How is this a "takedown" and how are these answers "brilliant"? If you take a look at any of his posts, you'd see +80% of the comments roasting him and <20% supporting him. He's an old man, he doesn't even understand how Bitcoin works. The last time he tried to show how crappy Bitcoin is turned 180 degrees straight against his own forehead. With that tweet about "blockchain forgetting his password" he showed how much he really knows about BTC. Boomer.
legendary
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Schiff is becoming a parody of himself for a long time, he’s been proven wrong about bitcoin over & over again. He should shut up because he’s just making himself look like an idiot & his reputation will be even worse in the next year or two as bitcoin becomes worth even more. Sometimes people need to know when to say nothing.
legendary
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I don't think Peter Schiff really cares what we all say. I'm pretty sure on his side of the table, there are hundreds of normie investors who also have a thread like this posting Schiff's brilliant takedown of CZ and Charles and all them.

At least Schiff gives us entertainment, I'm not a big fan of CZ anyway. Why be riled up when it's obvious Schiff is just a troll?
member
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Crypto is full of criticism, irrelevant ones for that matter, now the response of cz and Hoskinson are seen as self advertisement, I don't think this guys really need to tweet to be known anymore, back in 2013/14, this would have been the case, but now they are big players, they saw an inappropriate post about btc, they respond as crypto pioneers, I don't get why some people have problem with that, everyone is entitled to their opinion and the way they run their business, who don't like it can always look elsewhere for a better alternative.


hero member
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The guy is basically saying empty nonsense on and on for about ermm let's see, FOREVER. Even CZ and Hoskinson doesn't have that much reputation to back them though they do support cryptocurrency, at least in what we see that is anw. Though their contribution and support didn't necessarily give the crypto community the reputation just like what BTC did. Sides, you can actually see this as the more news they make of themselves, the more their comments are seen by the world. Sadly enough, being investors and cryptocurrency-related stuff developers doesn't really give them the reputation of actually being a god in the crypto scene, which they act like they are. Most of the time.
legendary
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CZ: is the same person who suggested we roll back bitcoin blocks and even contacted a lot of big mining pools begging them to 51% attack bitcoin because his shitty platform was hacked.
Hoskinson: is co-founder of the worst altcoin that has ever existed with its centralization and lack of immutability and lots and lots of bugs.
That's harsh. Binance doesn't seem like a bad crypto exchange to me. It lost 40 million dollars a year ago but promised (and, I guess, kept the promise) to give 100% compensation of the losses. I know keeping money on an exchange is a bad choice, but at least on this exchange you have good chances of getting the money back if a hack occurs. As for Ethereum, it's clearly not worse than tons of shitty tokens that were created over the years. Actually, I think it might be the only altcoin that turned out quite successful and offered things Bitcoin couldn't do (like smart contracts).

it was harsh when that idiot started advertising that we must remove one of the main principles of bitcoin called "immutability" just because his business was hacked. and he said it in a way as if it were to happen right away just because he asked for it and contacted miners!!! i also don't see any difference between Binance and dozens of other exchanges that came before it. Mt Gox, Cryptsy, Bittrex, ... and dozens of others were also secure at the time and people were assured of it, then some day they scammed their users.

as for Ethereum, it is the worst because it lied about a lot of things and delivered the exact opposite. those tokens you mention are obvious garbage and nobody has any delusions about them. being decentralized, cheap, fast, immutable, bitcoin 2.0, flippening, .... were all lies to get it pumped more and make profit from the 72 million premine.
for example every time someone who runs an ethereum client is told they are running a "full node" they are being lied to, a full node takes up nearly 3 TB of space. everyone is running SPV clients except a handful of block explorers, the foundation and maybe a mining pool.
legendary
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CZ: is the same person who suggested we roll back bitcoin blocks and even contacted a lot of big mining pools begging them to 51% attack bitcoin because his shitty platform was hacked.
Hoskinson: is co-founder of the worst altcoin that has ever existed with its centralization and lack of immutability and lots and lots of bugs.
That's harsh. Binance doesn't seem like a bad crypto exchange to me. It lost 40 million dollars a year ago but promised (and, I guess, kept the promise) to give 100% compensation of the losses. I know keeping money on an exchange is a bad choice, but at least on this exchange you have good chances of getting the money back if a hack occurs. As for Ethereum, it's clearly not worse than tons of shitty tokens that were created over the years. Actually, I think it might be the only altcoin that turned out quite successful and offered things Bitcoin couldn't do (like smart contracts).
legendary
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I've seen Peter Schiff debate bitcoin several times at this point.  Here's the thing, just because you're a famous investor, even a famous and extremely good investor, it doesn't mean you're any good at knowing how cryptocurrency works.  One prime example of this is Warren Buffett. The man is an investing legend.  Maybe the greatest we've yet to have seen.  He hates bitcoin however, and is always stating "it has no value".  He's also stated "I don't understand it and don't want to".  That's pathetic.  That's an old man who's a dinosaur and refused to learn about it.  Warren has also stated countless times he doesn't understand tech, so he doesn't invest in it.  So moral of the story, great investor does not mean great cryptocurrency expert.
legendary
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Furthermore how long do you’ll think that he’ll keep quiet due to these responses, or he’ll continue bashing bitcoins like he usually does and ignore these responses?.

I will focus on this question Wink

A lot of people are making a lot of money by being a influencer of the markets. They use their followers to spread their agenda on Social media and the impact of that has a positive affect on their profits.

So, if you can scare investors in the commodity that you are invested in with FUD about the competition, then you will profit if they are too scared to invest in the competitive commodity.

It has been said that Bitcoin is the digital Gold and that makes Gold investors very worried, because if a lot of Goldbugs start shifting investments into Bitcoin, then the price of Gold will drop.

To answer your question... No he will never stop spreading fear and fud about Bitcoin.

there is a fundamental problem with this strategy that we have seen many times. it creates a jump in demand in near future. the reason is simple when the FUDsters are scaring a large number of investors for a very long time then the very same investor see that the exact opposite of what they have been hearing happens they try to jump on board.
every 2 or 3 years we see this on a very large scale which contributes a lot to the bitcoin bubbles.
hero member
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I immediately search on google about who exactly "Peter Schiff" and its relation to Bitcoin currently. And, this is one of the results, so wow:   Grin Grin

Well, if we find someone with that kind of belief, let it be. He will always say so, difficult to understand the other things clearly and wisely or change to accept the others. Peter Schiff is an economist, author, and also financial broker/dealer, so, will he think differently when the price or value of Bitcoin is rising up again after halving? For, he said:
Quote
“Bitcoin is still in a bear market. It's still down 35% from its 2020 high, and 3% YTD. In contrast, gold is in a bull market. It's only 2% below its 2020 high, and up 7% YTD.”
I wonder that he probably change his mind after realizing the market is bullish again, who knows?
hero member
Activity: 3178
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I liked CZ's response the most since it makes complete sense. Some people forcefully bash BTC and other cryptocurrencies for their own hidden reasons(Dropping the price so that they can scoop them up etc).

Peter Schiff seems like one of those people clearly based on his incessant rants against BTC. He reminds me of McAfee and Wright who are way more notorious in this bashing aspect. Just a pack of idiots.
hero member
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^ It is like an advertisement where they are promoting themselves including Peter for they are trying to make as the talk of the town which I believe should not be. It is nonsense giving responses to whom we all know will never stop since he gets attention from it especially if now he can even get the attention of the CEO and a co-founder he will just feel special now more than ever. Nevertheless, the responses somehow for me are not too brilliant it is like an ordinary response from an ordinary subject it will just make them funny in the end.
hero member
Activity: 2562
Merit: 577
I think the more they respond to his bullshit, the more he feels relevant and the need to keep shit posting, what is the best answer to a fool again!  Ha yes, it is called 'Silence' they should try it, am sure it will work like magic, you don't give people like this the opportunity to talk more,
If gold is saviour of humanity then let's see how it will happen although nothing has happen from years before.
legendary
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Furthermore how long do you’ll think that he’ll keep quiet due to these responses, or he’ll continue bashing bitcoins like he usually does and ignore these responses?.

I will focus on this question Wink

A lot of people are making a lot of money by being a influencer of the markets. They use their followers to spread their agenda on Social media and the impact of that has a positive affect on their profits.

So, if you can scare investors in the commodity that you are invested in with FUD about the competition, then you will profit if they are too scared to invest in the competitive commodity.

It has been said that Bitcoin is the digital Gold and that makes Gold investors very worried, because if a lot of Goldbugs start shifting investments into Bitcoin, then the price of Gold will drop.

To answer your question... No he will never stop spreading fear and fud about Bitcoin.
hero member
Activity: 3178
Merit: 937
This is some pointless social media drama.I'm not a big fan of both Binance CEO and the Ethereum co-founder.
FUDsters like Peter Schiff should be ignored.Period.If we give them more attention that's like free advertising.We are only making people like Schiff more popular.It's clear that Peter Schiff desperately wants the gold prices to skyrocket,but this isn't happening and BTC outperforms gold.That's why he is pissed off and continues with his FUD and trolling.
By the way,I don't think that the responses of the Binance CEO and the Ethreum co-founder can be considered "brilliant". Grin
legendary
Activity: 2576
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The end to this squabble is not in sight. Do you think this is the first time Peter Schiff got a brilliant reply? He has been like this since forever and will continue to be so regardless of the responses he will receive. So there will never be shutting up for this man. He's having so much fun attacking everything except gold. But what the man has been doing does not seem personal at all. Yes, he hates Bitcoin but he's not singling it out. As a matter of fact, he must be sharing some common grounds with a lot of Bitcoin supporters. No big deal!  
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