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

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

On July 2, 2018, Reason and The Soho Forum hosted a debate between Erik Voorhees, the CEO of ShapeShift, and Peter Schiff, CEO and chief global strategist of Euro Pacific Capital.

The proposition: “Bitcoin, or a similar form of cryptocurrency, will eventually replace governments’ fiat money as the preferred medium of exchange.”
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It was an Oxford-style debate in which the audience votes on the resolution at the beginning and end of the event, and the side that gains the most ground is victorious. Voorhees won by changing the minds of 15 percent of attendees.

The Soho Forum is held every month at the SubCulture Theater in Manhattan’s East Village. At the next debate, which will be held on August 27, William Easterly, professor of economics at NYU, and Joseph Stiglitz, a Nobel Prize Winner in economics and professor at Columbia, will discuss whether free markets or government action is the best way to eliminate global poverty. You can buy tickets here.

Produced by Todd Krainin.

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QUEENS_RACES says:

Peter look like he wants to scare people so he can buy more

Kyros Nox says:

He said bitcoin can never be used as money because one of the most important functions of money is that it has to be a reliable store of value. I'm ignorant of any fiat currency that is a reliable store of value? We only fool ourselves into thinking it is, because we ignore the fact that it constantly drops in value, plus they give us an inflation rate to make the the whole process of governments and bankers robbing us more tolerable. Every currency I know is constantly decreasing in value, even more so when greedy stinking politicians and bankers feel to print more.
Who can print more Bitcoin. All bitcoin needs is a proper reference value to gold and to remain "decentralized".

Liji Le says:

buy bitcoin, be rich 10 years later

Incomeking says:

It is crazy. Us grown up using all these power plant to mine this bitcoin imaginary money.

Brandy Wasay says:

Now (Oct 2018) is the best time to buy BITCOIN and altcoins. The price of Bitcoin will no longer go "significantly" lower than it is today.

paid2009 says:

and by the way fuck the government

paid2009 says:

Bitcoin is not regulated by gold oil or anything else is regulates itself, you wad

paid2009 says:

hey idiot platinum is more expensive than gold how come you don't mention platinum

paid2009 says:

hey dumbass ,get with it . Your old school thinking is a joke ,crypto is the future

wil hallman says:

Peter Schiff has been wrong so many times, how does he have any credibility?

Eduardo Rodriguez says:

https://youtu.be/q8R71WGO3qU?t=3160 actually you can just give a pendrive to someone.

licklake says:

Peter has some reasonable arguments. However, some of them are false or at least not fully thought-out. If Erik had the rhetorical skills and presence of peter, he could easily win this debate. Mainly because he's aware of the flaws in bitcoin and is not trying to cover them up by bashing on gold as peter does this with bitcoin.

IntoTheHeartOfMusic says:

The intrinsic value of Bitcoin lies in the efficiency of its ecosystem to store and transfer agreed upon symbols of value, without the need to rely on a third party, thus facilitating commerce and making people’s lives more independent and free

O Falk says:

As a person working with Blockchain where I collaborate with several influencers and spokepersons of Crypto, I must unfortunately disagree with Erik's statement that people have invested and owns crypto because they have actually used the crypto or even believes they will some day use crypto. Peter is totally right that, the moment Bitcoin or cryptos stops increasing in price, they all will sell their coins. No one actually cares about the usage of crypto or its importance for decentralization. Most people do not even know the very basics of the technology of Blockchain so they cannot even determine what projects are good beyond how the price is increasing.

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