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.