The Myspace example is not really comparable. Myspace didn't had such a huge community of people pushing it up. When Bitcoin came out many smart people that were knowledgeable about the financial system immediately recognized Bitcoin's potential. These people teamed up and are pushing to make Bitcoin better. How can you compare this to Myspace ? The whole world is pushing to make Bitcoin succeed. The only other crypto that has this privilege is Ethereum. The probability that some random guy discovers something that takes away Bitcoin's marketcap is almost 0 ... he has to beat the smartest and most knowledgabe guys out there. Good luck waiting for this to happen. Bitcoin can only fail if Bitcoin fails; not by getting overtaken by some other coin.

Gold protects against inflation ? Tell that to those people that put their savings in gold when it was at 2000 $. They are on big losses now. Almost 50 % purchasing power lost. The same holds for the silver stackers. Not a hater though. I invested in both too.

I am not against gold or silver. I just keep thinking Peter Schiff is a retard with his anti-Bitcoin view. He is an economist. He should use his brain and logical reasoning when downtalking Bitcoin, not his feelings of trying to get rich trying to sell people his gold. Mark Maloney sells gold too but he sees Bitcoin's potential. Andy Hoffman used to be anti-Bitcoin too, but he completely flipped his opinion. But Peter Schiff is simply behaving like a little stupid kid. I am not saying people should put all their savings in Bitcoin. That would be insane. But it is very smart to diversify in it. As his guest opponent said: if 5 % of gold's marketcap flows into Bitcoin, Bitcoin will be 22.000 $. Imagine buying now 10.000 euro Bitcoin and this happens ... And if the FED keeps smashing down gold and silver, I am sure even more than 5 % will flow into Bitcoin. This was the exact reason why I started to stop investing in gold and silver and moved to Bitcoin.