Peter Schiff on Bitcoin - page 18. | Bitcointalksearch.org

joae1975

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Quote from: Doraemon2013 on October 11, 2013, 04:02:00 AM

In the year -400 (more or less) Aristoteles defined the characteristics that should have money, durable, portable, divisible, intrinsically value, scarce, difficult to falsify. Fiat currency does not meet them and it is a very bad money. Gold meet those criteria but its obsolete and not practical. Bitcoin meet Aristoteles criteria much better. Franklin Roosevelt stole the gold but he could not have stolen bitcoins.

Gold has been used during thousands of years that is why some people like Peter Schiff or Mike Maloney are very stubborn and do not accept new technologies, bitcoin is a big threat to them and do not want to accept this change.
At the end of world war I british invented the tank and it was a threat to the cavalry because it would replace it. The members of cavalry said that tanks were a shit, not practical and could not replace the cavalry which existed for thousands of year. When world war II started the german tanks won very very easily the polish cavalry. Bitcoin will do the same that did the tank.

I believe you and I understand what your saying. But bitcoin is only good for one thing. Au/Ag have industrial purposes. I think that's the difference. They have a very long history. So until bitcoin can prove itself through history, people will remain skeptical.

tweet Tom Woods today

Talking to @ErikVoorhees later this week about the future of Bitcoin after Silk Road. Got any good questions? #tlot

https://twitter.com/thomasewoods/status/387944160944087040

Doraemon2013

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In the year -400 (more or less) Aristoteles defined the characteristics that should have money, durable, portable, divisible, intrinsically value, scarce, difficult to falsify. Fiat currency does not meet them and it is a very bad money. Gold meet those criteria but its obsolete and not practical. Bitcoin meet Aristoteles criteria much better. Franklin Roosevelt stole the gold but he could not have stolen bitcoins.

Gold has been used during thousands of years that is why some people like Peter Schiff or Mike Maloney are very stubborn and do not accept new technologies, bitcoin is a big threat to them and do not want to accept this change.
At the end of world war I british invented the tank and it was a threat to the cavalry because it would replace it. The members of cavalry said that tanks were a shit, not practical and could not replace the cavalry which existed for thousands of year. When world war II started the german tanks won very very easily the polish cavalry. Bitcoin will do the same that did the tank.

painlord2k

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@ joae1975
Thanks for the clip(s).
Interesting.

joae1975

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Okay, it's been a while, but last Friday, Oct. 4th (the 100th anniversary of the US income tax) Peter talked about the Silk Road seizure and bitcoin.

https://dl.dropboxusercontent.com/u/21580995/pa_20131004jghf_low.mp3

Also, later this week (thurs/fri) on The Tom Woods Show (new.) He's going to be interviewing Erik Voorhees.
Check here: http://www.schiffradio.com/f/Tom-Woods
I'll also try and post audio too.

NewLiberty

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Gresham's Lawyer

Quote from: joae1975 on August 28, 2013, 09:11:59 AM

Quote from: joae1975 on August 27, 2013, 08:52:34 PM

Bitcoin mentioned on today's show. Will post more later.

Okay, I listened to it. It's an interview with Scott Cleland. It's a pretty interesting interview if you'd like to listen. They talk about how google controls everything, they mention Snowden a little, and net neutrality. They talk about bitcoin in the last 2 minutes. It's pretty pathetic. He calls it an "app." So retarded. Peter didn't really challenge it. I think Peter needs to have a real bitcoin expert on his show. Who could be on his show that really knows about it and can speak in terms of Austrian economics?

Link here: Is 20:30 long, skip to 19:00 for bitcoin discussion. Warning: Really lame!
ScottCleland_082713.mp3

Truly horrible lies and misleading.
"Currency is legal tender" - wrong
"Its a scam" - wrong
"Its a ponzi scheme" - wrong

That said, it is an art to "dumb it down" for mainstream without introducing inaccuracies or making their eyes glaze over by using unfamiliar terms of art, or explaining things that they don't need to know.

There are wallet apps, but to say Bitcoin is an app is wrong.... BUT... For the general population, it may be ok for them to think of it that way if that is the main way they use it daily. All this behind-the-scenes stuff is not going to help them, all they really care about is that it is better money. They need the benefits, not the features, and not the specifications.
For them...
It is money that can let them buy things less expensively and more privately, carry more on hand safely without fear of theft, inflation-proof, etc.

The average person is not prone to bring their world philosophy into their shopping trip and we don't have to expect that of them. So long as they get what they want, which may be "an app that works like a coupon for discounts on everything".

The philosophy just happens as a result of making it that easy, making it better than the alternatives. We each have a role to play in that.

joae1975

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Quote from: joae1975 on August 27, 2013, 08:52:34 PM

Bitcoin mentioned on today's show. Will post more later.

Okay, I listened to it. It's an interview with Scott Cleland. It's a pretty interesting interview if you'd like to listen. They talk about how google controls everything, they mention Snowden a little, and net neutrality. They talk about bitcoin in the last 2 minutes. It's pretty pathetic. He calls it an "app." So retarded. Peter didn't really challenge it. I think Peter needs to have a real bitcoin expert on his show. Who could be on his show that really knows about it and can speak in terms of Austrian economics?

Link here: Is 20:30 long, skip to 19:00 for bitcoin discussion. Warning: Really lame!
ScottCleland_082713.mp3

joae1975

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Bitcoin mentioned on today's show. Will post more later.

MoonShadow

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Quote from: ?? on ??

Quote from: joae1975 on July 20, 2013, 05:54:48 PM

Mish is on the latest Gold Money podcast and he talks about bitcoin towards the end. He's just like Peter.

Mish is a complete fraud.

Go search the siliconinvestor archives. You will find posts where he talks about how hard he has to work as an engineer and what a scam it is to be an investment advisor. That rapidly develops to him creating his own investment company. You do the math.

He's a fraud because he's honest about it? Rich Mayberry is pretty darn honest about it also, investing (and advising same) is a crapload easier than teaching middle schoolers economics. Why the hell do you think that Schiff does it? Moral obligations?

101111

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Schiff is part of the problem he espouses. He talks (quite entertainingly) about productive capitalism etc yet he himself operates in the finance sector skimming margins from financial products.

joae1975

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Mish is on the latest Gold Money podcast and he talks about bitcoin towards the end. He's just like Peter.

MoonShadow

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Quote from: Lethn on July 20, 2013, 03:45:14 AM

Quote

I'm surprised Peter Schiff still has so many followers, considering there was no hyperinflation in 2012 or 2013, no 5000 or 10000$ gold that he predicted, .. Actually gold and silver both lost a lot of value compared to FIAT, so I don't see him as anything else but a paid p&d troll for hyping up gold price.

It's true, I think he did get a bit ahead of himself on this one, the problem is that he was trying to predict an exact price movement and that's extremely difficult to do, he's been entirely right about what has been happening in general though, but I think even he underestimated just how far the central banks are willing to go to keep their system running.

Well, Schiff is predominately an Austrian economist, but they don't always see things the same way either. I've been following the predictions and blogs of both him & Mish for many years, approaching a decade now. While Schiff has had some misses, Mish has been a freaking oracle. I know for a fact that Mish has been aware of bitcoin for a number of years, because I pointed it out to him myself, but his first impression was just like mine, very skeptical. I don't believe that he has ever commented on bitcoin.

Lethn

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Quote

I'm surprised Peter Schiff still has so many followers, considering there was no hyperinflation in 2012 or 2013, no 5000 or 10000$ gold that he predicted, .. Actually gold and silver both lost a lot of value compared to FIAT, so I don't see him as anything else but a paid p&d troll for hyping up gold price.

It's true, I think he did get a bit ahead of himself on this one, the problem is that he was trying to predict an exact price movement and that's extremely difficult to do, he's been entirely right about what has been happening in general though, but I think even he underestimated just how far the central banks are willing to go to keep their system running.

joae1975

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I heard a listener's question today, "Do you think "crypto-currencies" (like BitCoin) will be generally accepted as a method of payment in the future?"

I'm not going to post the audio. He basically says, "I don't know," then promotes his gold credit card company.

joae1975

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Quote from: usahero on July 04, 2013, 04:01:32 PM

I'm surprised Peter Schiff still has so many followers, considering there was no hyperinflation in 2012 or 2013, no 5000 or 10000$ gold that he predicted, .. Actually gold and silver both lost a lot of value compared to FIAT, so I don't see him as anything else but a paid p&d troll for hyping up gold price.

I can see that he has many devoted followers, and guys, I don't want to argue. I expressed my opinion and I think people should not listen to him, at least not believe him on his words. He is just another cult leader type of guy. ...

And his father is in prison for tax evasion strategies that do not work in reality :pp

Just to clarify... I have not listened to him in more than 1 year now. Maybe I should listen to him about bitcoin..

Remember how people were persecuted for saying the earth is round? Well it's kind of like that.

cryptoanarchist

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Nice to hear Peter pointing out how galactically stupid a BTC ETF is.

My guess is these Winklevoss freaks are part of some inbred bloodline and have been so pampered their whole lives they have no idea just how stupid they really are.

usahero

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I'm surprised Peter Schiff still has so many followers, considering there was no hyperinflation in 2012 or 2013, no 5000 or 10000$ gold that he predicted, .. Actually gold and silver both lost a lot of value compared to FIAT, so I don't see him as anything else but a paid p&d troll for hyping up gold price.

I can see that he has many devoted followers, and guys, I don't want to argue. I expressed my opinion and I think people should not listen to him, at least not believe him on his words. He is just another cult leader type of guy. ...

And his father is in prison for tax evasion strategies that do not work in reality :pp

Just to clarify... I have not listened to him in more than 1 year now. Maybe I should listen to him about bitcoin..

Lethn

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Ahhh, Peter Schiff Cheesy

Always gives people a slap in the face with reality.

joae1975

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new audio link posted

joae1975

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Peter is talking about the Winklevoss twins and Bitcoins right now. Will post audio later.

Edit:
https://dl.dropboxusercontent.com/u/21580995/BTC%20Winkle%20and%20Peter.mp3

NewLiberty

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Gresham's Lawyer

Hyperinflation is dire tragedy on a massive scale.
High inflation is bad enough without raising the boogeyman of hyperinflation.

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