The real question for Schiff who shares many common beliefs with bitcoiners is if not Bitcoin then what? Gold? Does he really thing the world is going to go back to gold? There's a reason why the world went off gold. At first it was for technical reasons really. In an Internet age you can't send gold. And unless we can convince governments of the world to go back to a gold standard gold will never replace fiat. And even if the currency was backed by gold we would all be using IOUs not gold.

So far this debate is pretty one sided. I agree that Peter is much better than Gary but he's no where near smart bitcoiners. His arguments are pretty weak IMO. Larry Lepard however. Respect for his patience alone.

Ok, I listened to the whole thing. It did get better toward the end. Larry is a patient man. I wish Peter would let go of the weakest of his arguments so they could have focused on the more interesting ones. The biggest issue I have with all of Peter's arguments is the fact that most people do not have custody of their gold. I am sure Peter has some real gold but I would bet a lot of bitcoin that most of his wealth is in paper gold. He used a LOT of straw men arguments against bitcoin that gold could not stand up against.

That said, glad I listened to it. Here's some sats.

LOL, Schiff? Really. You must be kidding about this being a good debate. Don't get me wrong. It should be but I have a hard time believing it actually is.