Is Bitcoin the Future of Money? Peter Schiff vs. Erik Voorhees | Chris Bell

in #bitcoin7 years ago

The proposition:

"Bitcoin, or a similar form of cryptocurrency, will eventually replace governments' fiat money as the preferred medium of exchange."

AMAZING debate!!! Eric, ShapeShift.io CEO, bought Bitcoin at $3 is so well spoke about cryptocurrency, and also appears so humble.

Erik's arguments:

  1. Why bitcoin is good money
  2. Why fiat is bad money
  3. Why gold is insufficient
  4. Why bitcoin will win

Peter Schiff arguments:

  1. It's a bubble
  2. It's worse than Tulips
  3. It's a bubble
  4. I'm pretty good at spotting bubbles
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