Forget status, anyone can talk trash about Bitcoin

[Aanuoluwatofunmi]

Some people are not even talking the right thing about Bitcoin or conducting any research before making any statement regarding the network performance; all they are after is to gain the attention of the public and be recognized, or even paid to do so, because the thing that creates fake news and utters some statement causes the market to react in the particular direction they want it to.

This is where we should not concentrate only on status of those that are given us an update about Bitcoin, we should also learn to know more so that we cannot be fueled with wrong information about Bitcoin, it is also important that we should be reminded of whom to follow when it comes to crypto news update and taking platform like this more significantly important as a reliable source to discuss Bitcoin.

[Obim34]

Without reading anything on the thread except "Tokenized Gold"

I say - it will be centralized and it wont be capped! so it will go against two main advantages
of Bitcoin.

Yes, It is centralized, from a podcast he did months ago, the idea on the T-Gold project is to enable the purchase of physical gold digitally, and those golds are held and locked in a vault, clearly on a central protection.

I don't see a problem if any digital assets are created, but the comparison and agenda against Bitcoin is where the problem lies. Bitcoin perfects the idea of decentralization, we are trying to escape centralization and not going back to it, I don't see how tokenized gold is convincingly better.

[Popkon6]

Gold is infinite and Bitcoin is limited.
As if that's not enough,  Bitcoin is fully decentralised.

I can remember if your land that you acquired with your money is filled with Gold you are to surrender that land to the government, this is. The law of my country.

Gold lacks self custody and total control, they are not on same level, don't get me wrong, Gold is a good option but based on what this Mr Schiff is saying, Bitcoin beats Gold for me, hands down...

Atleast no one is going to try taking my Bitcoin from me because no one knows that I have Bitcoin.
What could make a full grown man to come out and talk this trash about Bitcoin?  

Peter Schiff, this person sometimes says strange things that are not worth believing at all, because of his strange words, people have called him by different names. I do not believe any of his statements, the person who believes him will be deceived. Bitcoin is the best and its future is better.

Bitcoin also plays a significant role in giving more money to people than a small amount. The simple thing is that its privacy Bitcoin protects the most privacy, if you have crores of Bitcoin in your wallet, no one will know and the possibility of theft is very low if the wallet is strong.

[yudi09]

Peter Schiff can say things like that because he’s a gold advocate, and he has every right to champion it—but that doesn’t mean he should say things he hates just to make his own statements seem correct.
Peter Schiff may have forgotten—perhaps due to his age—that in the public sphere, people don’t easily believe every piece of nonsense, because we no longer live in an era where Bitcoin didn’t exist. Peter Schiff and Saylor may be at odds regarding these two assets. It’s up to him; we only care about what we believe is good.

[macson]

What could make a full grown man to come out and talk this trash about Bitcoin?  

Just trying to get attention, I think.

There are so many people trying to get attention by discrediting Bitcoin, and this guy has been doing this for so long that I’ve lost count of how many times he’s done it. And it’s completely pointless for us to respond to what he says because he’ll just keep saying even more ridiculous things since he’s never been a fan of Bitcoin.

[uchegod-21]

Without reading anything on the thread except "Tokenized Gold"

I say - it will be centralized and it wont be capped! so it will go against two main advantages
of Bitcoin.

Yes, It is centralized, from a podcast he did months ago, the idea on the T-Gold project is to enable the purchase of physical gold digitally, and those golds are held and locked in a vault, clearly on a central protection.

I don't see a problem if any digital assets are created, but the comparison and agenda against Bitcoin is where the problem lies. Bitcoin perfects the idea of decentralization, we are trying to escape centralization and not going back to it, I don't see how tokenized gold is convincingly better.

I am patiently waiting for the day when public personalities like Peter Schiff will promote whatever they believe in without unnecessarily trying to drag Bitcoin through the mud with their irrelevant comparisons all the time.

Gold is a great asset to invest in, and so is Bitcoin. Both of these assets will only be appealing to those who understand them and how each of the assets operates. Peter Schiff is yet to understand Bitcoin.

For me, I will choose Bitcoin over gold, that does not mean that gold isn't a good option. Bitcoin has faced enough criticism already. It is high time people were left to invest in what resonates with their ideologies and personalities.

[m2017]

Gold is infinite and Bitcoin is limited.

Well, gold certainly isn't infinite, at least not within the planet's boundaries. Nor is the profitability of its extraction.

As if that's not enough,  Bitcoin is fully decentralised.

Technically, yes. But if you think about it, some concerns arise, as mining power is concentrated in the hands of a few big companies, and users are concentrated in the hands of a few big exchanges.

I can remember if your land that you acquired with your money is filled with Gold you are to surrender that land to the government, this is. The law of my country.

It's exactly the same in my country. That is, the owner owns only the top layer of soil, while the state owns what's below. I imagine it's the same in all (or most) countries. Although the example that immediately comes to mind is the US, where landowners, if they discovered oil (or gold), could begin extracting it themselves.

Gold lacks self custody and total control, they are not on same level, don't get me wrong, Gold is a good option but based on what this Mr Schiff is saying, Bitcoin beats Gold for me, hands down...

Gold and bitcoin are suitable for different situations. For me, these assets are in completely different leagues.

Atleast no one is going to try taking my Bitcoin from me because no one knows that I have Bitcoin.

And once they find out, they'll try to take it away. Wait, soon the regulator will start collecting data on bitcoin ownership, and later, they'll take it away in taxes.

What could make a full grown man to come out and talk this trash about Bitcoin?  

Because he didn't manage to buy it at a cheaper price earlier.

[suzanne5223]

[snip]

Gold is infinite and Bitcoin is limited.
As if that's not enough,  Bitcoin is fully decentralised.

I can remember if your land that you acquired with your money is filled with Gold you are to surrender that land to the government, this is. The law of my country.

Gold lacks self custody and total control, they are not on same level, don't get me wrong, Gold is a good option but based on what this Mr Schiff is saying, Bitcoin beats Gold for me, hands down...

Atleast no one is going to try taking my Bitcoin from me because no one knows that I have Bitcoin.
What could make a full grown man to come out and talk this trash about Bitcoin? 

People like Peter Schiff are gold enthusiasts, and we shouldn't expect him to say something good about Bitcoin, so we just need to ignore the negative things people like him say about BTC because at the end of the day he will also take back all the naive statements he sid just like Larry Fink, Michael Saylor, etc. However, I won't be surprised if someone like him secretly holds some BTC.

About the land, you're not supposed to surrender the land if you have all the ownership documents and file a lawsuit against the Federal government, but the mineral resource is the federal government's property, so technically you will be compensated for the land.