Gold bug Peter Schiff just went head-to-head with a major exchange founder in what's shaping up to be one of crypto's most talked-about debates. Schiff, known for his relentless skepticism toward digital assets, laid out his case against Bitcoin during the discussion.
The exchange? Classic Schiff. He doubled down on his longstanding position that BTC lacks intrinsic value, while his debate opponent countered with adoption metrics and institutional momentum. The contrast couldn't be sharper - traditional finance veteran versus crypto native, gold versus digital scarcity.
What made this particularly interesting: both sides brought receipts. Schiff hammered on volatility and regulatory uncertainty, while the crypto side pointed to network effects and emerging market adoption. No minds were changed, but the clash highlighted exactly where the fault lines in this industry still run.
The crypto community's already dissecting every argument. Whether you're team digital gold or actual gold, this debate captured the ongoing tension between old-school finance thinking and the new paradigm.
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probably_nothing_anon
· 7h ago
Haha, Schiff is at it again. This guy is honestly a living advertisement for Bitcoin.
He criticizes the crypto community every day, but ends up giving BTC free publicity. Amazing.
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CodeAuditQueen
· 12-05 01:05
Schiff's arguments have already been disproven; logically, they're just like certain reentrancy attack vulnerabilities—seemingly flawless but actually just circular reasoning. Volatility? That's a matter of market maturity, not a flaw in the protocol itself. He just doesn't get it.
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BearMarketNoodler
· 12-05 00:51
This guy Schiff always uses the same set of phrases—intrinsic value, volatility—just looping those lines over and over. Honestly, it's getting tiresome. He just can't grasp the network effect of BTC at all. Gold doesn't have any intrinsic value either; it's just consensus.
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Ser_This_Is_A_Casino
· 12-05 00:43
Schiff is still using the same old argument about intrinsic value... How can he not understand network effects? I really can't hold it in anymore, haha.
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OnchainHolmes
· 12-05 00:40
That old guy Schiff is really a living fossil, still clinging to gold and refusing to let go. He really doesn't understand what network effects mean.
Gold bug Peter Schiff just went head-to-head with a major exchange founder in what's shaping up to be one of crypto's most talked-about debates. Schiff, known for his relentless skepticism toward digital assets, laid out his case against Bitcoin during the discussion.
The exchange? Classic Schiff. He doubled down on his longstanding position that BTC lacks intrinsic value, while his debate opponent countered with adoption metrics and institutional momentum. The contrast couldn't be sharper - traditional finance veteran versus crypto native, gold versus digital scarcity.
What made this particularly interesting: both sides brought receipts. Schiff hammered on volatility and regulatory uncertainty, while the crypto side pointed to network effects and emerging market adoption. No minds were changed, but the clash highlighted exactly where the fault lines in this industry still run.
The crypto community's already dissecting every argument. Whether you're team digital gold or actual gold, this debate captured the ongoing tension between old-school finance thinking and the new paradigm.