Peter Schiff debate with Erik Voorhees on digital currency (schiffradio.com 2Dec) by lordsonkit published on 2013-12-02T17:12:39Z Genre bitcoin Comment by ForAllyZeether Good upload 2013-12-26T07:39:13Z Comment by Vaultoro.com Back from the Ads 2013-12-03T20:59:35Z Comment by Nathan Scott 26 What? No one in the world makes dollars converted to other currencies? Are you high son? 2013-12-03T08:05:59Z Comment by Micah Cuevas Amen to his point at 23:40. I started mining in 2012, my friends thought I was crazy for spending $6k on AMD 7970's. Rolling those mining profits forward has continued to give me free income every month. I took the risk on bitcoin when it was worth well under $20. 2013-12-03T06:15:54Z Comment by Johnny Bunning Not sure why everyone is crapping on Peter. Peter is a LONG term specialist. He's not saying Bitcoin wont be around in 10 years, he's just saying no one knows what the digital currency market is going to look like in 5-10 years, and he's right. 2013-12-03T05:48:15Z Comment by Ergzay This! People don't get this. No government has the ability to kill bitcoin, at least in the sense the government can't destroy the entire internet. 2013-12-03T03:09:15Z Comment by Leo Zwetsloot GOLD GOLD GOLD Always preach DOOM and Sell your gold peter schiff only understands GOLD 2013-12-03T01:47:15Z Comment by Derrick J. Freeman 29:56 "Let's change the topic a little bit. ... The Bitcoin payment network is one of the most important technologies ever invented." - ERIC I LOVE YOU!!! 2013-12-02T23:41:53Z Comment by drewcbarnard Peter, this guy just owned you. Ouch. 2013-12-02T23:07:02Z Comment by Daryl Banter What physical properties give gold value? What such property does Bitcoin not have, excepting tangibility? What payment network exists to transfer gold instantly between parties without counterparty risk? 2013-12-02T22:45:57Z Comment by Harryman Peter is getting trounced 2013-12-02T22:08:42Z Comment by Christine There is no precedent for money existing without being tied to a commodity? It is just theory? What about bitcoin for a precedent? 2013-12-02T21:48:54Z Comment by Christine There is not a private money backed by gold or silver because the states of the world will not allow it. That is why bitcoin exists, because bitcoin is decentralized and is resistant to being shutdown. 2013-12-02T21:40:28Z Comment by Josh Hatch Lost my respect for Peter. 2013-12-02T21:39:20Z Comment by steffenfrost It's painful to listen to Peter's considerable intelligence applied to making fallacious arguments. 2013-12-02T20:43:54Z Comment by Jean-Francois Nadeau 4 Peter said it was less risky to invest in Bitcoin 2-3 years away. I'm asking this question. If that's the case why didn't he or is firm not invest in it 2-3 years ago? 2013-12-02T20:43:02Z Comment by Ali Ayoub 10 What is this nonsense. Peter you and your callers have your heads so far up your own asses, evolution will just roll you out of the way. So thank you for that. 2013-12-02T20:38:29Z Comment by Scoops22 What an absolute idiot Peter Schiff is. He doesn't even understand volatility. 50$ could become a million before because it was more VOLATILE ie. More RISKY. 50$ can't become a million today because it is less VOLATILE and less RISKY. What a pillock. Volatility is explicitly required for massive rewards. therefore if people made more money before as a percentage is WAS more risky no argument. 2013-12-02T19:27:15Z