Think Free Posted November 27, 2013 Share Posted November 27, 2013 I thought this was a very good discussion, even though I think Peter (Schiff) and Stefan were talking past each other a little bit. It seems clear to me that Peter doesn't have a very good understanding of Bitcoin, but I think he has a very good understanding of economics and is right on the money (no pun intended) when he claims that Bitcoins are currently inflated and will likely see a sort of implosion. However, this does not preclude Bitcoins from becoming a real good functional currency. I think Stefan is right on that point. People just shouldn't get in on the hopes of getting rich quick. In fact, maybe they shouldn't get in right now at all, or for small amounts based on an ideological commitment to Bitcoin. Link to comment Share on other sites More sharing options...
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