Is there an upper bound on how many times one man can be wrong? Schiff intends to find out. nostr:note1ta39dzgm374hxf4d8k0js608ggw8e4vcjgn2vxw998cz8ctlk8zqfhh8ew
Discussion
Peter is talking to a specific audience, his captured audience and they hang on his every word
He’s part of the Bitcoin marketing department 😂
Damn.
I guess I was wrong to believe that bitcoin is a better store of value than fiat money.
It was fun while it lasted.
Every currency is a confidence game. The difference here is that by design #bitcoin allows for much higher confidence over a much longer time period. Fiat was a dead man walking from the get go reinforced by the simple mechanism of not incorporating financial literacy into state controlled education systems.
However….
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If people can be dumb enough to think elections make a big difference then they can be smart enough to get some Bitcoin just in case it catches on.
One man’s greater fool theory is another’s self-fulfilling prophecy.
If the dollar wins, gold is fine (gold is still a scarce commodity whose price will have something to do with how much it costs to find, extract, refine and fabricate gold objects)
If Bitcoin wins, gold is fine (gold is still a scarce commodity whose price will have something to do with how much it costs to find, extract, refine and fabricate gold objects)
If gold wins, gold is fine (gold is still a scarce commodity...)
But if gold wins, bitcoin will not be fine and the US dollar will not be fine. This is an asymmetric game.
