Peter Schiff Calls Strategy a Fraud, Challenges Saylor to Debate

[EarnOnVictor]

Gold is decentralized too, but it is shitty and risky. Therefore your counterargument to Bitcoin fails. It is you who is living in a delusion of knowledge and writing empty points. There is already 1 central bank that is buying Bitcoin as a test. I guess that is something that I made up in my mind.  

In your mind, you would have thought you'd said something reasonable? Hahaha...what a thoughtless post you have there. Sometimes, it's better not to say anything at all than to ridicule oneself. Go back to your learning table and return to tell me if the decentralisation of Bitcoin is the same as that of Gold.

[nelson4lov]

Anytime market and Bitcoin is super bullish, we don't see Peter Schiff coming out to criticize bitcoin or Microstrategy. It's only when bitcoin goes down, you see him coming out of his cave with enough criticism. Atp, I don't even rate whatever he says anymore because most of his recent criticism are bo different from the earlier fuss that Bitcoin had in its early days. It's also very shocking that people still rate his POV about Bitcoin very highly.

[macson]

This guy always causes a stir when the Bitcoin market is bearish. Perhaps he's trying to gain attention by exploiting the current market uncertainty. He comes in and starts a debate, claiming that the gold he's been holding is far superior to Bitcoin.

I don't really care what this guy does, but sometimes I feel like punching him in the face for his nonsense. But that's beside the point. He's just an attention seeker who relies on Bitcoin to increase his exposure. If Bitcoin weren't around, he'd probably just be a regular businessman running his digital gold scam from his home.

[tread93]

Peter Schiff doesn't need gangs behind him to say this stuff, man. His whole business model for the last decade has been "gold good, Bitcoin bad" on repeat. He sells gold products, runs a gold brokerage, and farms engagement by being The Villain every time Bitcoin wobbles a bit. A 20% pullback, MicroStrategy down 50%, gold near ATH - that's basically Christmas for his marketing team.

If you read past the headline, he's not actually uncovering some secret fraud, he's just re-packaging a pretty standard criticism of MicroStrategy's leverage: they issue preferreds and debt, buy more BTC, and depend on the market staying willing to fund that machine.

Shift is a seasoned bitcoin hater at this point and strategy doesn't care they will keep on keeping on even through this recent drop in price and buying more and schiff will say its going back to zero as usual lol

[MainIbem]

This guy always causes a stir when the Bitcoin market is bearish. Perhaps he's trying to gain attention by exploiting the current market uncertainty. He comes in and starts a debate, claiming that the gold he's been holding is far superior to Bitcoin.

I don't really care what this guy does, but sometimes I feel like punching him in the face for his nonsense. But that's beside the point. He's just an attention seeker who relies on Bitcoin to increase his exposure. If Bitcoin weren't around, he'd probably just be a regular businessman running his digital gold scam from his home.

I won't be suprised if he's secretly buying and try to cause a stir when the market is bearish so more chicken hands would panic sale and cause the market to keep dumping so he'll buy more, cause you'll barely see him say thrash when the market is bullish. Well whether People like him likes it or not Bitcoin is the future and has the potential of superseding gold, maybe when that happens he might look for a way to sugar coat his words and begin to support Bitcoin. Just like you've said he's an "attention seeker" and nothing more moreover Bitcoin would thrive regardless of his thrash talks.

[suzanne5223]

They just print random currency to benefit their selfish reason and cause inflation. This is why they adopted the monetary policy that will weaken fiat currency. Don't tell me that in this 21st century, you actually trust the central bank model of monetary operation?

Again, you didn't read the context and tried to respond. Your response therefore makes no sense at all. Don't worry though even if you didn't understand what I was talking about with him, he's very retarded and it would not surprise me that he believes his local priest or imam on any kind of shit that they are told.  

Wait. Are you both the same person, because I wasn't talking to you, but here you're talking for the user when I didn't speak to you? Therefore, your response makes no sense at all.
How do you know i didn't read the context?

lmao peter schiff at it again dude been screaming fraud since btc was like 10 bucks and look where we at now 90k+ and still climbing

his whole gig is goldbug central sells precious metals runs that brokerage so of course he gotta bash anything that steals the spotlight from his shiny rocks its free marketing every time btc dips he pops out like clockwork stirring shit for clicks and follows

saylor gonna wipe the floor if he even bothers debating this clown mstr strategy aint fraud its just leveraged btc play everyone knows what they signing up for issuing debt to stack sats while price moons worked like a charm so far shareholders eating good long term

schiff missed the boat years ago now he just salty af trying to fud his way back relevant but btc dont care it just keeps winning

classic schiff energy whos even listening to him anymore lol

Honestly, it is better to ignore people like Peter Schiff and let him bark like a dog rather than giving him a response that will give him the chance for more FUD statements since we all know people like him are saying negative things about BTC for selfish reason.
I hope Saylr never have the debate with him and let the market be the judge.

[Hamza2424]

I think some people may be afraid of bitcoin not to take gold place. They could have seen something like that early but they just want to avoid it as they know people may follow their advice.

But at the end, bitcoin always remain a store of value for patient people.

I think this man is beyond a bitcoin critic.

He will not change and if they really fear the gold market's demand than they are dumb or very naive can't say what they are, but recently I watched a show that made me realize how they manipulate the gold market and most of all how they keep it running, anyway that's not necessary here to discuss but it did help me realize these people might be fearing BTC.

But this is not bad for their business, they can easily turn this to their own favor like the way you said and if that's actually what they are doing, then I don't really find this way a good one.

Or maybe an effective one too, but bro, this dude is not on my following list haha I don't care for him too.

[passwordnow]

I think some people may be afraid of bitcoin not to take gold place.

He's that guy, and that's not going to change his mind and it won't be a big thing for him that he keeps on telling bad things about Bitcoin and to anything that's associated to it even it includes the companies that are enthusiastic about it and, proves that they hold it.

I think this man is beyond a bitcoin critic.

Peter is simply himself, a bitcoin critic remains to be like that. But many might be surprised if he starts to change his belief about bitcoin and is no longer a critic, maybe just a couple of years needed for that to happen.

[Agbe]

It's clear the position of peter scichiff is concerning Bitcoin. So there is no need for Michael saylor to do a open debate with him. Because from experience it's really difficult to convince someone who has already made up his mind about a particular issue. Bitcoin doesn't needs the approval of anyone. There is no reason to be debating about Bitcoin jus to make anyone convince about Bitcoin because Bitcoin is already a force that has proven itself to as many that is ready to learn.

[NewRanger]

It's clear the position of peter scichiff is concerning Bitcoin. So there is no need for Michael saylor to do a open debate with him. Because from experience it's really difficult to convince someone who has already made up his mind about a particular issue. Bitcoin doesn't needs the approval of anyone. There is no reason to be debating about Bitcoin jus to make anyone convince about Bitcoin because Bitcoin is already a force that has proven itself to as many that is ready to learn.

If Peter Scichiff reiterates something related to current issues, just ignore it and let him continue speaking. That's his own assumption, and we don't need to respond to it because we also have our own assumptions. Responding would only waste energy trying to formulate relevant words to counter Peter Scichiff's.

Yes. That's right, Bitcoin is already a proven force, and there's no need to discuss it daily or post about it to convince people that BTC is still a very potential investment option for the future and now.

[X-ray]

Good ol' Peter Schiff.  

Since Bitcoin is too big and mainstream for him to criticize anymore, he's now going after the treasury companies.

It will be interesting to see what comes out of this.

True and his fud has shown to be super inefficient to bring down BTC and now he's targeting a more vulnerable entity which is MSTR, not to mention the stock has fallen for a while.

But serious people will just ignore the fud because it means nothing, because at the end of the day MSTR is different than BTC.

[Taskford]

Good ol' Peter Schiff.  

Since Bitcoin is too big and mainstream for him to criticize anymore, he's now going after the treasury companies.

It will be interesting to see what comes out of this.

True and his fud has shown to be super inefficient to bring down BTC and now he's targeting a more vulnerable entity which is MSTR, not to mention the stock has fallen for a while.

But serious people will just ignore the fud because it means nothing, because at the end of the day MSTR is different than BTC.

For sure he's not blind with those developments happening on Bitcoin, but unfortunately he choose to be a troll and it seems that no serious information can change his mind. Since it seems he really like the attention he's getting.

If he stop criticizing Bitcoin for sure people will forget about his existence. But we really don't need to discuss deeply on what he have said. Since we all know his intention.

Its hard to convince a close minded person so I believe whatever things people do he won't listen. So better ignore his crazy rant since its proven that he's a huge troll.

[Ishicryptic]

I don't expect anything less from Peter Schiff, where it concerns Bitcoin so it's his way of getting appraisals from fellow Bitcoin haters, I will be shocked if I hear him say anything good about Bitcoin. I expect Michael Saylor, to completely ignore him, that would be the best reply to his debate chalange, answering him will amount to giving him more relevance.Bitcoin has survived a lot ot of skepticism since it was created yet it's adoption is still growing and many critics are seeing it's value, that is what is important. Bitcoin gives privacy to it's holders and who knows if Schiff, is holding some large chunk of Bitcoin in a cold wallet cooling off somewhere while he comes out in the open to distract weak minds from getting in.

[Hazink]

Schiff can’t be taken seriously by literally anyone except himself and his delusional silverbug fans lol, he’s gonna call anyone who supports Bitcoin publicly a fraud and he’s gonna say BTC is a scam even if BTC becomes world reserve.. why do you guys still give him attention? It’s exactly what he wants

He's indeed getting exactly what he wants and those who give him attention and, indirectly, one of his supporters. If he's criticising and nobody gives a fuck about his statement, then he will reduce the amount of hate content and attack he creates about Bitcoin and those who are actively involved in it.

[john_egbert]

Good ol' Peter Schiff.  

Since Bitcoin is too big and mainstream for him to criticize anymore, he's now going after the treasury companies.

It will be interesting to see what comes out of this.

True and his fud has shown to be super inefficient to bring down BTC and now he's targeting a more vulnerable entity which is MSTR, not to mention the stock has fallen for a while.

But serious people will just ignore the fud because it means nothing, because at the end of the day MSTR is different than BTC.

No FUD can break true ideals and principles if they are coming from the right place and are not just a fake-up.

It goes out not only for BTC, but for anything, really.

[LogitechMouse]

https://coinpaper.com/12391/peter-schiff-calls-strategy-a-fraud-challenges-saylor-to-debate
---
But at the end, bitcoin always remain a store of value for patient people.

I think this man is beyond a bitcoin critic.

I will not blame him if he has the balls to say things like that. I mean looking at the price of MSTR right now, it's also dropping just like Bitcoin. From $452 to around $170 in just a span of 4 months.

He's a long-time critic of Bitcoin, and he only has the balls to debate somebody or pointing out some companies if he sees the market is going down. I wonder though if Saylor will take the bait and will debate the top Anti-Bitcoin currently. Well, it seems like the price of MSTR stock is coupling with the price of Bitcoin, but the problem is that, the stock is falling way harder than Bitcoin, and we saw it just by how much it dropped in just a span of 4 months.

Bitcoin will always be Bitcoin at the end of the day, but Peter Schiff will still remain as the most anti-Bitcoin in the whole world. Expect challenges like this from him towards other companies, or expect more critics from him now that Bitcoin is starting to enter the bear market phase already... or is it?

[goldkingcoiner]

https://coinpaper.com/12391/peter-schiff-calls-strategy-a-fraud-challenges-saylor-to-debate

Are you sure Peter Schiff is not just only saying this but some gangs behind him telling him to tell people this rubbish? He is a critic, he does not want anything good with bitcoin.

I think some people may be afraid of bitcoin not to take gold place. They could have seen something like that early but they just want to avoid it as they know people may follow their advice.

But at the end, bitcoin always remain a store of value for patient people.

I think this man is beyond a bitcoin critic.

He seems to be a person who goes against the crowd with the 1 in a zillion chance hope of being right
and to bask in the glory on top of their I-told-you-so podium.

He has a bad reputation with the crypto community not only with the Bitcoin community.

I would not listen to anything he has to say. He is basically another CSW.

[Satofan44]

Wait. Are you both the same person, because I wasn't talking to you, but here you're talking for the user when I didn't speak to you? Therefore, your response makes no sense at all.
How do you know i didn't read the context?

You are responding to our discussion, whether you respond to him or me does not matter. Your response does not make sense, therefore you have not read the context or understood it. Try reading it again instead of trying to do a retarded "gotcha" thing with someone who is much smarter than yourself.

No FUD can break true ideals and principles if they are coming from the right place and are not just a fake-up.

It goes out not only for BTC, but for anything, really.

FUD only impacts the lowest common denominator of Bitcoin holders and the lowest common denominator of intelligence. As someone one who has been in Bitcoin 5, 10, 15 years how could you possibly be shaken by ANY kind of FUD? It does not matter whether it is Schiff, some central bank, quantum computers or whatever else someone makes up. If it impacts you, it shows a low intelligence or exposes a fake belief. A diamond holder will rather hold to $0 no matter what happens. 

I would not listen to anything he has to say. He is basically another CSW.

The problem is that people here are not listening and continue to open threads about him. He would go away eventually if he isn't given enough attention, all scammers do.

[BlackHatCoiner]

Can we stop talking about Peter Schiff? I mean, it's crystal clear at this point that he's living off trolling bitcoiners and getting attention. He's a gold bug who probably got rich after starting his no-coiner career. The dude keeps claiming it "has no value" since the time you could buy a bitcoin for an iced coffee. The fact that he attends bitcoin conferences and still keeps playing stupid just shows that he's an actor getting paid to shill his brokerage.

He's definitely part of bitcoin's history, but can we move on?

[pooya87]

I would not listen to anything he has to say. He is basically another CSW.

The problem is that people here are not listening and continue to open threads about him. He would go away eventually if he isn't given enough attention, all scammers do.

The problem is the mainstream (or semi-mainstream!) media that doesn't want to let it go. When they keep bringing him up and the nonsense he (and people like him) say, it doesn't matter whether people open new threads about him or not, their nonsense is being spread nonetheless.
So I'd argue that we have no choice but to discuss and debunk these types of things ourselves.