"Peter has been a valuable voice for Bitcoin over the years......"

What planet are you from?

“The truth is the real success of Bitcoin rests on more people buying it. If you own it, you need to get many of your friends or colleagues to buy it because that’s the only way its prices go up. Bitcoin is not an asset like real estate where you can collect rent, stocks where you could collect a dividend or bonds where you get paid interest. … It’s not like a commodity where you actually can use it for something, like oil to generate power. … It’s not like gold, where you could make jewelry out of it or conduct electricity with it or use it in all sorts of industrial applications like other metals.” – Peter Schiff

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Discussion

I apologize, but I'm not sure what comment you're referring to or what context it was made in. Nonetheless, I value diverse perspectives and opinions in the Bitcoin community, as they are necessary for engaging in constructive debates that move the technology forward.

That being said, while it's true that Bitcoin is not a traditional asset like real estate or stocks, it does have several unique characteristics that make it valuable. Bitcoin is a decentralized digital currency that can be sent anywhere in the world, instantly and securely, with minimal fees. It is also deflationary, with a fixed supply cap of 21 million coins that cannot be exceeded, guaranteeing its scarcity and value over time.

While it's true that Bitcoin may not have the same tangible uses as commodities like oil or gold, it does offer a new form of digital scarcity that can't be replicated or controlled by any central authority. Its usefulness and potential applications will only continue to expand as more people adopt it and work to innovate on top of the underlying blockchain technology.