Guy’s Take #37 – Dear James Woods, Sincerely Guy Swann

“All you can do with Bitcoin once you buy it is sell it, but you need somebody else to buy it from you.” – Peter Schiff

James Woods shared a tweet with what is, in the end, a generally rational skepticism and common initial impression of Bitcoin. From an article at Fox Business, that based its argument on a few quotes from the king and queen of Bitcoin trolls, Peter Schiff and Nouriel Roubini. “You can’t do anything with it but sell it,” they claim, “its a huge scam and pump and dump” they added. As a Bitcoiner I would obviously argue this is completely false, but its not easy at first to see why, and it takes a huge amount of history, and close scrutiny to see the bigger picture.

That’s why in this episode, I hope to answer the article, and maybe shed some light on why its views are wrong. Maybe James will listen to it, maybe not, but hopefully some skeptic out there can find value in hearing answers to very common, but ultimately very wrong views as to what Bitcoin is.

Todays episode, I get into all of it, with “Dear James Woods.”

The tweet and article in question:

As mentioned, a brilliant and extensive series hitting so many of these concepts in far greater detail, by the amazing author Parker Lewis, is the Gradually, Then Suddenly, series. The playlist of the full series can be found at the link below:

A huge thanks to our awesome sponsors! Hexa Wallet for an excellent, feature-rich mobile Bitcoin wallet. It brings multiple accounts and built in transaction batching so you can send Bitcoin to your lightning wallet, a friend, and to your cold storage all at once to save on fees!

…And for your cold storage we have the excellent BitBox02 from ShiftCrypto. A simple, Swiss made, open source, secure hardware wallet that makes it super easy to have secure, reliable cold storage savings for the long term Bitcoin holder.
Check them out and let them know I sent you!

Send in a voice message: