We actually do need crypto.
The advances that this technological marvel does will bring the world into a new era of prosperity and financial inclusion.
I've dedicated the last 12 years of my life to this because it's more important than anything else.
What Peter Schiff says sounds like either ignorance or fear. Not sure which is the case here.
Ignorance, I think. He makes valid criticisms of Bitcoin and scams, but doesn't go beyond that.
Yeah I mean its good to be critical and dont just believe anything you hear. But this seems like he has an closed mind or benefit from the current system.
Yes, he definitely has closed his mind off.
Despite being a big advocate for #bitcoin, I am kind of scared about the deflationary component of $BTC.
Technically, the best play is to put all your money in $BTC and spend the least amount of it. Not good for the economy/growth...
The deflationary thing isn't a problem, except that fee revenue hasn't picked up to pay for decreasing block rewards to miners.
If everyone was a Bitcoiner, people would spend less $.
Possibly.