He's pot committed at this point. Reputation is on the line. Being a gold bug has served him well personally...would never expect for him to change his tune, even if privately he is accumulating bitcoin because he has grown to understand it.

from this note. I get that Peter doesn't hang around young people.

Schiff is like a glass of port, one small glass is quite enjoyable

yes. And I think he secretly stacks sats 🤣

Peter is right to stack gold because gold is a superb asset and he is able to liquidate his gold being a head honcho of his gold fund The plebs who buy paper gold from him may struggle to liquidate their stack when there is a run on sell orders

There was a debate about bitcoin long time ago of him against Jeffrey Tucker. At the end, out if stage he was asking Tucker "which one do you think is the best wallet?"

He understands the problem, not the solution

That last sentence is old news to me. Maybe others are unfamiliar?

Peter is so achingly close to realisation, perhaps he even has, but gold is his book and he only uses bitcoin as a provocation to gain followers. It's sad, he's of the Austrian school and yet he ignores currency theory, though, though, he knows the difference between currency (for spending) and mon...

He should be on Nostr btw!

He believes in central banks

He gets way too much respect when on Bitcoin podcasts. They never challenge him enough.

Change is difficult … Far more difficult than implementing change is figuring out what works, understanding why it works, grasping when to change, and knowing when not to. Jim Collins - Great by Choice

idk, i think he's secretly stacking and just likes to troll bitcoiners

Yeah, sound money geeks are brothers-in-arms, no doubt. Those who see the grift can’t unsee it and become tribe. Schiff is just annoying because he’s embraced gold > bitcoin as his own personal grift.

He’s so close to being awesome….

Bitcoiners and Gold bugs agree on the problem. We just diverge on the solution.

A Chinese gold trading platform has just frozen 19 BILLION $ in assets. Thousands of investors can no longer withdraw their funds. The platform is offering 20% compensation of the initial capital. The platform (Jiewurui / JWR in Shenzhen) is facing a classic run/redemption crisis after gold's ral...

This is exactly the perspective we need on people like him. Unify along shared values and perspectives

He is intellectually dishonest and refuses to approach bitcoin objectively or in good faith. It's personal for him because it threatens what he's based his entire identity on.

Just listened and was a great job Jimmy. Very deflective/obtuse of Peter to ignore incentives and game theory with regards to money printing and custodians. He is a fiat/usury maxi, despite his gold spiel.