mktahmasbi on Nostr: I really like Peter Schiff and give him a pass for not understanding Bitcoin due to ...
I really like Peter Schiff and give him a pass for not understanding Bitcoin due to his age.
But what he’s saying in this interview doesn’t really make sense and he should know better.
One of the problems with gold is that if productivity advances so much that a car costs a small grain of gold, you would have a difficult time protecting that small piece of gold.
Bitcoin fixes this because it can be divided into smaller units even smaller than one satoshi.
Yet Peter Schiff fails to see this.
But what he’s saying in this interview doesn’t really make sense and he should know better.
One of the problems with gold is that if productivity advances so much that a car costs a small grain of gold, you would have a difficult time protecting that small piece of gold.
Bitcoin fixes this because it can be divided into smaller units even smaller than one satoshi.
Yet Peter Schiff fails to see this.
quoting note1l4l…a80gYes, Peter Schiff actually just made the claim that #Bitcoin isn’t scarce because you can divide them into satoshis 😂
As the old saying goes: “Give a man a fish and he’ll eat for a day. Cut a fish into a 100 million pieces and he’ll eat for 100 million days.”
Honestly kudos to jackmallers (npub1dmc…utjm) for not breaking out in laughter.