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Does anyone respect Schiff for anything other than being a contrary signal? (thenewscrypto.com)

submitted 1 year ago* (last edited 1 year ago) by Nerrad to c/[email protected]

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If so, please explain why. I can only see a boomer idiot clinging to a shiny old gold relic, unable to grasp the nuances of Bitcoin.

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[–] PopularUsername 3 points 1 year ago* (last edited 1 year ago)

Not sure why people hate him so much. I figured it was due to the "Narcissism of small differences". His world view is completely in line with his beliefs. He's not wrong, BTC is no less a fiat currency than US dollars. I happen to think that is irrelevant, and that an open sourced fixed supply fiat currency can be a superior form of money, but it doesn't surprise me that a gold bug would feel differently.

I'm more confused by Bitcoiners hating on Schiff than the other way around. Who cares? Half the world still calls it a scam. I'm happy to let gold bugs in my tent and let them challenge BTC if they also attack central banks and the FED.

Besides, at the end of the day, iron sharpens iron. I actually think well thought out descent helps strengthen the community.