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RE: Ivan on Tech debates Peter Schiff - Bitcoin vs Gold, US Dollar Crash

in #bitcoin6 years ago (edited)

Thanks for your great work Ivan. You helped me a lot if it comes to learning about crypto from the technical side. I also like the new perspectives, interviews like that bring in.

Peter Schiff is another interesting guest, bringing in arguments and thoughts, I haven't considered before. To my surprise, he also had some reasonable knowledge about the crypto space but at the same time, he seems to lack the view of a bigger picture. The fact, that he seemed to be more interested to stand in for gold, than giving both sides a fair share of attention and interest, did not serve his credibility. Although I have to agree on some points, some arguments are almost hilarious, and how he insisted on pushing his agenda of getting back to the gold standard almost gave it a nostalgic touch.

One of the worst arguments/examples was the comparison of Bitcoin to a modem and the fact that modems were rendered obsolete due to technical progress. Since Bitcoin is a protocol, it should not only be compared to a protocol but also has the property of a protocol to sustain/grow with technical progress over decades, like TCP / IP did.

Although I spoke critical of Peter Schiff, he deserves respect and appreciation for sharing his point of view and taking time for this interview. Also and again, a huge thanks to @ivanli for bringing up not only interesting content in the technical domain but also controversial debates/interviews like this.

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Good comment. It's good to engage with controversial viewpoints to arrive at what is more accurately The Truth.

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