The Bitcoin vs Gold Debate (CZ vs Schiff)

[avp2306]

Schiff better be enjoying his moment in the limelight.  It'll be another 15 years before he has a moment like this again with precious metals outperforming everything.  He needs to make the most of it for his brand.  I'm sure his management team is working overtime trying to get his name out there as much as possible before the crash inevitably occurs.

Imagine how huge the boost of his popularity since Schiff has been notice by CZ, also I don't think there's in need of debate since whatever answer that can point out how good Bitcoin is for sure he won't listen since Schiff is close minded dude.

He provably loves the attention he gotten especially that he became well known Bitcoin critic.

But better not to get bothered with everything what he says and best for people to start forgetting about that dude then proceed to other more valuable things also person that can give more better contribution on Bitcoins existence.

[catnine1]

Bitcoin and Gold are very valuable assets and doing pretty good in the assets class but soon the world would realise that Bitcoin has the potential of being a better asset, infact Bitcoin is digital Gold since it's scarce and can also be used as a store of value, and i think it's prepared for security challenges including the potential quantum hacks in the future.
 With that being said, who else has seen the debate between CZ (Binance founder) and Peter Schiff  who's a Gold marketer and Bitcoin critics? I came across a short clip of their debate, where CZ gave Schiff a Gold bar he got from a prominent person from Turkistan and asked if he could tell if it's a real Gold or not but all Schiff could do was laugh and say " I don't know" while stammering. That says it all and what i learnt from that debate is that you can be sold fake Gold but you can't fake Bitcoin or sell fake Bitcoin to someone.

ol that clip was legendary. schiff talkin' gold all day but cant even verify a bar in his hand? says it all.
u can fake gold, u can inflate dollars, but u cant fake a bitcoin on the blockchain the trustlessness is the whole point goldbugs are stuck in the past

[Antona]

Schiff better be enjoying his moment in the limelight.  It'll be another 15 years before he has a moment like this again with precious metals outperforming everything.  He needs to make the most of it for his brand.  I'm sure his management team is working overtime trying to get his name out there as much as possible before the crash inevitably occurs.

Imagine how huge the boost of his popularity since Schiff has been notice by CZ, also I don't think there's in need of debate since whatever answer that can point out how good Bitcoin is for sure he won't listen since Schiff is close minded dude.

He provably loves the attention he gotten especially that he became well known Bitcoin critic.

But better not to get bothered with everything what he says and best for people to start forgetting about that dude then proceed to other more valuable things also person that can give more better contribution on Bitcoins existence.

Exactly the debate was entertainment not education. Schiff's whole brand is being the gold guy, he won't change the attention just fuels him. We're better off ignoring the noise and focusing on builders educators and actual protocol development that's where real contribution happens

[shinratensei_]

Fairly speaking someone like peter schiff would be buying gold ETF which is guaranteed to be authentic and verifiable based on the gold in custody with some counter party risk so he doesn't even need to verify it by himself.
But I get CZ's point about bitcoin's advantage of being easily verifiable and authenticity by just looking at the blockchain.

[Rustam Meraj]

I also agree that Bitcoin and gold are both valuable, but Bitcoin has special advantage since it is much easier to check. Whereas gold needs experts and equipment to prove that it is not fake, anybody with phone can prove ownership of Bitcoin and its overall supply within seconds without trusting another individual. This is weakness of gold that is well shown in debate you have mentioned because even experts cannot always tell whether gold bar is real by just looking at it. I believe that this is what makes Bitcoin highly attractive tool to modern world since it is built on basis of clear math and openness. Other than seeing it as battle between Bitcoin and gold, I would suggest viewing Bitcoin as new method of sending money that is more easy to prove and transfer around world, and that is why more individuals are beginning to use it despite opinions of critics.

[Die_empty]

Bitcoin and Gold are very valuable assets and doing pretty good in the assets class but soon the world would realise that Bitcoin has the potential of being a better asset, infact Bitcoin is digital Gold since it's scarce and can also be used as a store of value, and i think it's prepared for security challenges including the potential quantum hacks in the future.
 With that being said, who else has seen the debate between CZ (Binance founder) and Peter Schiff  who's a Gold marketer and Bitcoin critics? I came across a short clip of their debate, where CZ gave Schiff a Gold bar he got from a prominent person from Turkistan and asked if he could tell if it's a real Gold or not but all Schiff could do was laugh and say " I don't know" while stammering. That says it all and what i learnt from that debate is that you can be sold fake Gold but you can't fake Bitcoin or sell fake Bitcoin to someone.

I have had this long desire to diversify my assets by adding gold. There are many gold traders in my state that are offering services. The problem now is how to identify real gold. Some people have been scammed because of their lack of knowledge. Bitcoin remains the real deal because you don't need any special skill to deal with it.

I watched the whole video a while ago. Surprisingly, cz did way worse than I expected from him. Peter was the same Peter… repeating the same stuff but cz… he was underwhelming. The only time where he shined was the moment when he gave Peter a gold bar and asked him if it is real. Other than that cz was a weak sauce. I hate to admit it but Peter was the dominant figure in that debate. I somehow wish that never happened because people who watch this video might actually believe Peter’s bullcrap.

Peter say bitcoin nutthin and backed by nutthin and cz couldn’t counter this bullcrap with “btc is backed by hashpowa”

Shame

Maybe Michael Saylor would have done better than CZ. The former Binance head is not an authority on decentralization. His advocacy for Bitcoin was driven by the business interests of his exchange.