Peter Schiff expressed:  Newly elected mayors of NYC and Miami want some of their U.S. dollar salaries paid in Bitcoin. This doesn’t validate Bitcoin as a medium of exchange. Politicians are sucking up to crypto whales to get campaign contributions and have crypto related companies locate in their cities.

Rich Rogers replied, “The most valuable companies on the planet today emerged from the Internet Revolution. The most valuable companies this century will emerge from the Bitcoin revolution. The Internet removed costs from our Information Networks. Bitcoin removes costs from our Financial Networks.”

Peter Schiff reinstated that, the only thing Bitcoin will remove is money from the pockets of people foolish enough to buy it.

Peter McCormack stated, “The only thing Bitcoin will remove is money from the pockets of people foolish enough to buy it.”

Peter Schiff did not agree and stated, “It’s a publicity stunt, nothing more. It’s all form and no substance, just like Bitcoin itself.”

Community Supporters for Peter Schiff were like:  It doesn’t validate Bitcoin at all. If you remove the speculation demand out of the equation, the demand for Bitcoin is ZERO. Therefore, Bitcoin has no value and deserves a price of $0.00.

Bitcoin is only Proof of Concept.  Peter McCormack – Paying, 60,000 for a digital token is absurd.

Community Members Against Peter Schiff were like:  So far, I’ve been following this dinosaur for the entertainment value. But lately, he’s been lacking both entertainment and value.

Enact deflation targeting policy with a -0.1% moderate target for 10 years and a scrapping of the employment and mandate at the Fed, and let’s see if Bitcoin goes to “zero” then.

I’m really beginning to realize that Peter’s account is a troll account.

In 10 years when the crypto asset class is way bigger than it is today, will you admit you were wrong about it’s long term viability? What about 20 years from now? Or will you still be saying the rest of the world is wrong and it’s still going to zero?

I’m starting to think maybe nothing will ever persuade you of the inevitability of Bitcoin.  It’s almost as if you’ve built your entire business and life around not understanding it.

Have you ever heard of anyone taking his salary in Gold? He is right about Bitcoin. But Bitcoin is not crypto and bitcoin is not Blockchain. Peter has been whistling this tune for years. Yet crypto millionaires are being made on a daily basis. As for gold, well it’s good, but it ain’t the best.