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Topic: Peter Schiff understands a shit (sadly) and gets schooled on Bitcoin Trace Mayer (Read 1665 times)

member
Activity: 98
Merit: 10
lmao

He understands a shit? You gotta take out the "a" in that sentence my friend.  Cheesy
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
yeah right, ron paul get it and he is probably 200 years old!  Cheesy
legendary
Activity: 1540
Merit: 1000
And I got trapped by the date again >_> lol
full member
Activity: 145
Merit: 100
This is a clip from 2 (ish) years old interview.
legendary
Activity: 1540
Merit: 1000
So far I think Ron Paul has yet again been the only one to prove himself in the Libertarian circle to really be open minded and rational when it comes to anything he comes into contact with, it's a shame really because Peter Schiff is normally pretty good at what he does, I don't know why he acts like this because in his debate with Stefan Molyneux he was actually really good, I think he's got a case of the old man syndrome.
legendary
Activity: 1031
Merit: 1000
He will always find an excuse not doing so, e.g. telling himself it is not worth his time. While in reality, he is just too dumb to understand it.

Just take a close look at the video. First he is clearly not interested in the subject at all, checking his mobile while "listening" to Trace Mayer.
Then he fakes some interest for 5 seconds. Then his face goes blank instantly when he is forced to actually think about what Trace says.

That particular part of the clip was after the 15 minute discussion and near the end of the second discussion in the afternoon. Before that clip I asked if Mr. Schiff would like to ask me questions and be recorded for the benefit of many listeners and readers but he responded, "I do not want you to make me look like a fool." Unfortunately, someone surreptitiously recorded our exchange and then posted it without my consent.

In total, I spent about 30 minutes teaching Peter Schiff about Bitcoin at that investment conference in February 2013. He got to ask as many questions and get as thorough and in-depth explanations as he wanted.

As we are seeing, wealth is flowing to the people who deserve it according to the decisions of the market.
hero member
Activity: 926
Merit: 1001
weaving spiders come not here
Sad to see this dinosaur thrashing around the tar pit in his death throes. Time to retire, Mr.Schiff. I mean really, after all this time he has not take the time to research Bitcoin basics?
sr. member
Activity: 868
Merit: 250
While in reality, he is just too dumb to understand it.

I don't think so. Most gold bugs are simply trapped in their own simplistic ideology, it does not allow them to look beyond.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Schiff just has to read Satoshi's paper if he really wants to "get" bitcoin.

A man as ignorant as Peter Schiff will never read the original Satoshi paper.
He will always find an excuse not doing so, e.g. telling himself it is not worth his time. While in reality, he is just too dumb to understand it.

Just take a close look at the video. First he is clearly not interested in the subject at all, checking his mobile while "listening" to Trace Mayer.
Then he fakes some interest for 5 seconds. Then his face goes blank instantly when he is forced to actually think about what Trace says.

Schiff does not have the faintest clue how unbelievable stupid he looks when debating Bitcoin.
Thanks god, Bitcoin does not need people like Peter Schiff the same way as Peter Schiff does not need Bitcoin.





yep, he had enough opportunities to educate himself. when he doesnt like it (but understands it) iam fine but he talks alot of shit about BTC
newbie
Activity: 54
Merit: 0
Schiff just has to read Satoshi's paper if he really wants to "get" bitcoin.

A man as ignorant as Peter Schiff will never read the original Satoshi paper.
He will always find an excuse not doing so, e.g. telling himself it is not worth his time. While in reality, he is just too dumb to understand it.

Just take a close look at the video. First he is clearly not interested in the subject at all, checking his mobile while "listening" to Trace Mayer.
Then he fakes some interest for 5 seconds. Then his face goes blank instantly when he is forced to actually think about what Trace says.

Schiff does not have the faintest clue how unbelievable stupid he looks when debating Bitcoin.
Thanks god, Bitcoin does not need people like Peter Schiff the same way as Peter Schiff does not need Bitcoin.



legendary
Activity: 1288
Merit: 1080
You just can't explain bitcoin like that.  Not seriously I mean.

Schiff just has to read Satoshi's paper if he really wants to "get" bitcoin.  There's no real way around it.   All other methods of explaining bitcoin are basically wave-handing.
member
Activity: 97
Merit: 10
Didn't think Trace's explanation was any good.  For people like Schiff (and me to a lesser extent), the basics need to be described in a clearer manner - telling schiff that there are so many blocks means zero.  The very basics are not that complicated, but it can sound complicated if not explained properly.  Bottom line is that people will not put money into something that they cannot understand. 
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
I generally really enjoy hearing Trace speaking, but that was a very fuzzy explanation.  I would not have understood it either.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Peter Schiff understands a shit (sadly) and gets schooled on Bitcoin Trace Mayer

https://www.youtube.com/watch?v=JfC_9ZMOWPw&feature=c4-overview-vl&list=PLO6u0uXQLM_7YZjbFOZUz2O1bkAoSFC6v



if you have a lazy mind you would probably end up like Peter Schiff  Undecided
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