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Bitcoiners and Goldbugs agree that sound money is required to inhibit the unlimited money printing of nation states.

#Bitcoin works on the internet as a bearer instrument.

Gold would require digital IOUs guaranteed by governments.

See the problem?

It is amazing to me that Peter Schiff, the moral sellout, is going to rug his fans by launching a cryptocurrency "backed" by physical gold.

It's 2025 and boomers are still willing to trade their life savings, their time and wealth, for IOUs printed out of thin air.

Couldn't be me.

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It’d be funny if rich bitcoiners ran an op to get everyone to claim gold all at once and force the rug

Yep, they just don’t get it. IOUs on a centralised server or on a ‘blockchain’ 🤷

5:00 minute mark is where Peter steps in!