Comment on Peter Schiff's views on Bitcoin during the debate with CZ has a logical error
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Peter Schiff sparked controversy in the debate with CZ after arguing that Bitcoin does not create real wealth and merely transfers value between buyers and sellers. However, a deeper analysis challenges the foundations of the statement…
- Peter Schiff argues that Bitcoin does not create real wealth, it only redistributes it.
- Analysis shows that Bitcoin provides real utility — borderless payments, scarcity, and verifiable ownership.
- His argument is based on the assumption that Bitcoin will fail in the long run, a notion that current acceptance trends do not support.
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