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Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/7 - Schiff's case: money must be a reliable store of value. Bitcoin's swings make it useless to price goods or contracts. People hoard it to sell higher. "Fool's gold," he called it: speculation dressed as philosophy.
Governments can ban Bitcoin far more easily than gold.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/7 - The timing gave @PeterSchiff ammunition. Bitcoin fell from $20,000 in late 2017 to $6,500 by July 2018, a 65% drop in six months.
Schiff had been calling Bitcoin a bubble since 2013. The bear market was his argument made flesh. @erikvoorhees walked in as the underdog.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 2/7 - The Soho Forum ran Oxford-style debates: audience votes before and after, and whoever moves the room wins.
Proposition: will Bitcoin replace fiat money as the preferred medium of exchange?
Pre-debate tally: 40% yes, 40% no, 20% undecided. A coin flip.
Today in Bitcoin History / @daily_btc_lore:
July 2, 2018 (8 years ago)
The Gold Bug vs. the Bitcoiner: Voorhees Defeats Schiff at the Soho Forum
Two hard-money voices, one room. One backed gold. The other backed code. Both agreed the dollar was finished. They just disagreed on what comes next. Brief thread... 🧵👇
Thiago Reis - Growth Machine:
Vamos fechar R$ 10 milhões em contratos em um único mês! #estrategiasdevenda
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