Topic: Peter Schiff about the Winklevoss twins interview about the future of Bitcoin - page 2. (Read 5503 times)

Gold is used in various industries and in jewellery, it is the best metal and is trust by many everywhere in the world. It is not in the chart. I like the chart otherwise.

Bitcoin has value but it doesn't mean Gold doesn't.

Gold is deprecated compared to bitcoin.
In fact everything is.

I agree with you, he has expertise in bubbles and he says Bitcoin is one but he said Facebook had no or very little value..

Peter Schiff is a great commentator on topics he has background and expertise in, and unfortunately this isn't one of those areas.

He doesn't like or fully understand Bitcoin but Gold and Bitcoin can co-exist and increase in value.

He is a metal salesmen! just ignore him

Peter Schiff is a gold only dinosaur, just like the rest of the gold only old people they dont fully get Bitcoin and miss on the boat, they'll get in way too late.

Bump

You are right it is pretty off topic 

I have my ref link in the signature for hopes of getting someone who will register&play via my link

Off topic but how come you have a Primedice signature? isnt the ad campaing over and not paying except staff members?

Of course Bitcoin is great and easier to move, store and trade than Gold but Gold is great too. It is the father of Bitcoin.

I agree, and I would love to have gold at that time. But Bitcoin is much easier to use in such a situation.

Sure thing Bitcoin was inflated, but they dont say that, they basically say Bitcoin is doomed in the long run.

You give them too much credit. There is a big difference between those predicting a drop of 75% from the top and those saying that Bitcoin is worthless. The former may have been correct (and I challenge you to find anyone with that prediction), but the latter could not be more wrong.

A lot of the mainstream economists were derided when they were warning about BTC last year. Turns out they were correct and anyone who ignored them lost a lot of their wealth. Schiff may be wrong but there is a tendency to deride anyone who has a negative view.

From the show:
"Even the people in Bitcoin aren't going to say it's better than gold"

I travel a lot, move a lot and consider myself more of a global citizen where I do not plan on living in one place for too long. So I live in a temporary apartment, I can fit everything I own in a carry on and backpack.

If I had as much gold as I do in Bitcoin I would have so much difficulty doing anything. This past summer I traveled with all of my belongings from Afghanistan to Dubai to the US then Turkey and finally settling in Germany. I carried everything I own to each location. I could not imagine going through so many airports with over 100 oz of gold. The weight alone would have been difficult, going through security would be crazy and the customs would be tedious. I would worry about someone at every border taking my gold, staying in hotels I would be paranoid about leaving the room (they could steal my laptop with my private keys but they would need 5 different difficult passwords to get to my bitcoins so that getting stolen would only inconvenience me).
I'm in an apartment where the landlord comes in and cleans once a week. I can't imagine hiding a bunch of gold in here. Or going into the woods and burying it. I have no idea how to get a German safety deposit box if I wanted to go that route.

I like gold but there is no way I can buy any. Sure, it is useful in computers until they figure out something cheaper.

I spend my bitcoins. I get paid in dollars but spend euros so being able to use bitwage.co to get paid in bitcoins and spend it for anything online and sell it for euros locally is much better than somehow getting paid in dollars then buying gold then looking for a way to sell gold locally or somehow spend it online.

I can pool my bitcoins with other people and vote anonymously, securely and transparently using the blockchain. To do that with gold would require some sort of gathering in a room, maybe some blindfolds and secret marks on each coin...I don't know how it could be done with gold.

I never thought gold was very fashionably pretty, I just think of a 70s pimp or Mr. T when I think of it as jewelry. I much prefer the look of silver.

So...

tl;dr "Bitcoin is better than gold." -Elwar

He's all about gold.

When gold shot up, he was the man and predicted everything.

Not so much now.

He started accepting Bitcoin on his website by the way.

True, he's had some good predictions but he's just too short sighted when it comes to a thing like crypto. He's feeling like a god now that Bitcoin is crashing but when it comes back he'll have nowhere to hide and will be forced to henceforth admit he was wrong.