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RE: Peter Schiff vs Erik Voorhees
At first, hearing Peter’s comments about greed and not buying bitcoin I thought he was losing my respect. However, I also had the thought that I may be doing the same thing with a project like Ripple that I don’t like but is still likely to appreciate considerably. I suppose we all have the ability to put ourselves in a corner - that still doesn’t mean I plan on buying Ripple, lol.
Interesting. I've thought about buying Ripple so many times, lol.
It doesn't bother me to speculate on something I don't ultimately support. BUT, ultimately supporting it should generally guide your decisions to be better ones.
So that's mostly why I've stayed away, I just feel more prone to error when it's things I don't have a fundamental belief in.
So I guess I can see why Peter would avoid Bitcoin. But not why he can suggest buying it would necessarily be greedy.
Rather than "I'm not going to succumb to the greed" I'd rather he say "I still don't consider any real chance that Bitcoin is big long term or replaces fiat".
That'd be a cleaner way to describe his stance, without the suggestion that greed and quick riches would be the only reason to buy it.
Great comment, got me thinking.