Good morning.
The Mooch and Schiff had a debate.
Schiff's claim: “Bitcoin is no more digital gold than an image of a hamburger is digital food." He emphasized gold's tangible utility in industries like electronics.
The reality: 11% of all gold produced is used in industry every year.
Thoughts?
Good morning! ☕️🥖☕️🥐☕️🔥☕️⚡️⚡️⚡️💕💕💕💕
GM nostr:npub1vwymuey3u7mf860ndrkw3r7dz30s0srg6tqmhtjzg7umtm6rn5eq2qzugd
How are the anti Bitcoin anons still missing the signal⚡️?🫣🤔
I’m starting to think Schiff might actually be retarded. 
He accepts bitcoin as payment on his website 🤷
The most electrically conductive element is silver, followed by copper and gold. Silver also has the highest thermal conductivity of any element and the highest light reflectance
If we are going to price metals based on their utility, silver would be worth more than gold.
Also gold and shit are both tangible
We also discount carbon in the form of highly structured formats like nanotubes. Highly conductive for electricity at room temperature but hardly anyone realizes it.
He's right. Bitcoin is definitely not digital gold.
Good morning, if he is bragging about golds use in industry, I wonder what percentage of btc mining has enabled other industries to even start up
Schiff high on copium
Bitcoin isn't digital gold, it's better. Digital gold is retarded.
Schiff is a clown don't listen to him. He is having the same debates since 10 years. His views were acceptable if he was confronted with bitcoin the first time. He is just trying to convince fools to buy gold instead if bitcoin.
peter shift rest in peace.
Arguing against bitcoin is the only way the dude stays relevant. He tweets about bitcoin more than bitcoiners do. He's a lost cause.
#onward 🫡
Rubini : "Bitcoin is worse than North Korea"
Having utility outside of being money adds noise to pure price signal.
If you take a person's body and reduce it to its constituent parts - water (70%), minerals (copper, potassium, iron, etc) and sell those on the open market, I think the value of a human is about $15 these days.
However, I think most people see the value of a human not for their physical value but their metaphysical value.
Schiff talking about gold's physical utility value is like a wife taking about her husband's physical utility value.
Call me naive, but I'd like to think that most (not all) women would not value their husbands on those terms.
Truth,
except on arrakis.
