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Author Topic: Forget status, anyone can talk trash about Bitcoin  (Read 393 times)
Freeveto
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July 24, 2026, 09:30:57 PM
 #41

On the other hand, you mention that gold is infinite, and that's not true. Gold is scarce, so scarce that many factors are needed to obtain it.
Since Bitcoin have limited supply, and gold is being mined as natural resources, shouldn’t that be enough reason to say that it is infinite?
I want to learn more because I also see gold as something unlimited because every here and there people mine gold even though government do take control of everything once they noticed that there is a gold to mine a particular place.

In terms of privacy, Bitcoin is more secure because gold seems to be centralized in my opinion since it usually involve a third party and it is something physical that will be challenging to keep safe, while Bitcoin is digital, you only need to keep your seed phrase safe. Therefore, Peter Schiff might say as he wish about Bitcoin if he prefer gold, because it has been an old treasure and an investment that also stores value.

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noorman0
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July 24, 2026, 09:54:26 PM
 #42

Whatever the critic is talking about isn't the truth. The bottom line is that his comments are all "anything but Bitcoin." And this time, he clearly has an unsubstantiated opinion.

I feel like he has an ulterior motive, like, "I'll get you to sell the Bitcoin to me through someone else." I don't know where he's from; perhaps his country's taxes are too high to make him a known holder?

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July 24, 2026, 10:16:26 PM
 #43

Many people supposed not to know the man today if not because of his criticism on bitcoin and I think that is one of his goals for criticizing bitcoin.
I just have some feelings like Peter Schiff is just an old smart money maker, and he is making everyone close to him see he is at war with Bitcoin…I don't want to sound direct about this man, well I am just so curious about him and I still want to understand why he made gold his number one choice but also admitted that Bitcoin would not appreciate…? Or is he only criticizing bitcoin only to drive attention to his gold business?

Well on second thought maybe he is only just stuck in the mindset of gold investment because we never can tell how a businessman like this kind of person thinks it might be possible that he still has a large amount of bitcoin sitting in his wallet and then still come out to give hateful speech about Bitcoin…let it not be a shock that such a kind of business tycoon like him comes to the public and say alot of things and them in hidden he has Bitcoin…and i have noticed alot of mindset about the gold guys the ones who respect Bitcoin properly do take their time to study, and one funny mindset is that they see it as a 1000-year of trusted investment, and see Bitcoin as 10 years of trusted investment..so they would not be on the losing end in the future

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July 24, 2026, 11:53:57 PM
 #44

Peter Schiff is the kind of guy who would take anything and present it as a better alternative than using Bitcoin out of spite because he hates Bitcoin, not because the alternative is better.

Every bitcoiners know that anything tokenized, is a disaster waiting to happen. Custodial risk, Issuer insolvency risk, Trust dependency, Unsecured creditor?

He literally offered a centralized token against Bitcoin completely ignoring the fact that the most important thing Bitcoin have is decentralization, deflationary, and borderless remittance.

Simply put, an old man yelling at the cloud.

Talking about price, even the silver that he shilled constantly is going down 50% from all time high, what happened?

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