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I’ve met Peter Schiff in person a few times. He is super chill, friendly, usually sun-tanned on vacation with chad vibes, etc. He’s trolling us. He might be our industry’s most prolific troll, but ultimately he is just that: consciously trolling us. His only argument is that bitcoin has no “intrinsic value” while meanwhile I’m active in two continents and am thankful that my multi-signature money isn’t attached to either one of them like gold would be. He has no answer for this. Bitcoin is the best at what gold can’t do: be globally accessible. He’s famous from two decades ago, is rich and happy, and wants to sell gold. He is closed to Bitcoin intellectually but is happy to engage with bitcoiners that give him marketing. He’s a Puerto Rico chad. That’s who bitcoiners debate against; someone who is going for marketing and is happy for the engagement. image

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@jack mallers consider approaching Peter like he is a gold chad, fresh off the beach, who doesn’t give a fuck and who is just there for marketing, happy to win or lose the debate. He’s part of the joke, trying to benefit from the engagement happily. Probably the best argument is that Bitcoin is globally portable while gold is stale and domestic, and dunk on that. Peter is always worried about American collapse but be like, “if America collapses wouldn’t you want portable capital rather than domestic metal?”
↩ replying to Lyn Alden
Exactly this. Peter is engagement farming bitcoiner as a group for a while now and it’s fun to watch but it is not serious. He’s not an idealist like @jack mallers and many other Bitcoiners but has become cynical. Cynicism is his weak spot but idealism is ours tbh. Aside from this the case is clear. There are things gold can’t do, that only Bitcoin can. Who watches his gold while he is traveling the world to get that tan?
↩ replying to Lyn Alden
Gold in a global collapse: 1) Silver has a large advantage over gold 2) The police is not on its way to protect your property (gold) 3) You cannot store gold in your brain with 12 words, or distribute access to the vault across family members 4) Protected mines and vaults can be opened and the inflationary pressure can ruin the value of gold 5) Communications and power is always the first priority to restore in a collapse, this is the domain of bitcoin. Protecting your bank vault is always the last priority. 6) Governments will knock on your door and tie you up to collect physical assets they can see, and will need to torture you to steal your bitcoin. 7) Nobody is going to front-run gold unless they have help from banks and the government
Peter Schiff's podcast introduced me to libertariniam and the concept of hard money around 2012. As he'd often be on vacation, his stand in host was Stefan Molyneux who introduced me to philosophy and anarcho-capitalism. Not to mention Schiff would regularly guest on Max Keiser's show. Thanks to Schiff, I was skeptically buying my first Bitcoin in 2014 (even despite being a gold bug back then!)
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People sometimes say they’re ‘trolling’ you when in fact they’re just lying to you, but they prefer to use vocabulary as a way to make their intentions less obviously immoral. In order for it to be trolling in the morally acceptable way they want you to believe they’re doing, they have to disclose it as trolling before you take action on it