Watched a discussion the other day between Peter Schiff and Max Keiser. It was basically about gold VS bitcoin. The arguments that Peter used against bitcoin were so poor, that it made me more confident than ever that cryptocurrencies are sure to take over the world.
The Crypto Haters Make Me Even More Sure | Vlog #81
7 years ago by louisthomas (75)
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I don't mind Peter Schiff but he has been consistently wrong about bitcoin. Probably b/c it is a contender to gold, which he loves.
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Wonderful post @louisthomas
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There will be many haters and that happens with every paradigm shift. This is just the beginning and the possibility of bitcoin and crypto currencies being the future, is no longer a possibility...it is just a matter of when and user acceptance.
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Great work as always Louis! You asked about arguments against crypto-currency we've heard & I 've heard a number of them: it's "fake" or a "scam". "It isn't backed by anything", "it's only good for criminals", " It's too complicated for everyday people to use"...I'm sure there's plenty. Just like you I respect Shiff in general but I think he's wrong about crypto-cuurency. I'm convinced it is the future of money & commerce. 7-3's!
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I'm still superised by people doubting this concept when it's been proven for nearly a decade. I realize it's still in it's infancy, but why not invest a small amount now and forget about it?
They'll learn eventually I guess...
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