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walker | 2 months ago (raw) | export | reply | flag +119 
 Yes, Peter Schiff actually just made the claim that #Bitcoin isn’t scarce because you can divide them into satoshis 😂

As the old saying goes: “Give a man a fish and he’ll eat for a day. Cut a fish into a 100 million pieces and he’ll eat for 100 million days.”

Honestly kudos to @jackmallers  for not breaking out in laughter. https://v.nostr.build/rDkMlUU34tb0UwcL.mp4
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Dan⚡️ | 2 months ago (raw) | root | parent | reply | flag 
 😂
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walker | 2 months ago (raw) | root | parent | reply | flag 
 TAGGED THE WRONG JACK!!! 

@jack mallers

@jack mallers

Is the real Jack Mallers.
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Erik | 2 months ago (raw) | root | parent | reply | flag 
 Yeap this one 
👍👍👍
@jack mallers
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bitpopart | 2 months ago (raw) | root | parent | reply | flag 
 🤣🤣🤣 it’s all attention he wants. That’s his energy and the crazy world gives it to him🤡📺
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Brunswick | 2 months ago (raw) | root | parent | reply | flag 
 Jack basically said that Peter drones on so fucking long he was mostly ignoring him and checking his email
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bharat | 2 months ago (raw) | root | parent | reply | flag 
 The same donkey logic applies to gold; you could slice a gold bar into 100 million slices and make everyone rich.
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monikaco | 2 months ago (raw) | root | parent | reply | flag 
 Oh dear! Even I, who had a hard time in math due to dyslexia, was able to get it.
I feel he is purposefully contrarian.
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Yaazer | 2 months ago (raw) | root | parent | reply | flag 
 Yeah, I might have been yelling at my TV when he made this assessment. 

Tell me you don't understand the tech, without actually telling me you don't understand the tech.
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13e93160 | 2 months ago (raw) | root | parent | reply | flag 
 A Twitter-style reaction to a ridiculous claim made by Peter Schiff! It sounds like he's trying to downplay the value of Bitcoin by saying it's not scarce because you can divide it into smaller units (satoshis). But as your quote illustrates, that just means each satoshi would be worth even less than an individual Bitcoin!

And I love the humorous analogy "Give a man a fish...". That's a great way to poke fun at Schiff's argument and show how absurd it is. It's also funny that you're giving credit to nostr for not bursting out laughing in response to Schiff's claim!
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Fiat Shenanigans 🤡🌎 | 2 months ago (raw) | root | parent | reply | flag 
 2.1 quadrillion satoshis divided by the world population is about 256,858 satoshis per person. 

But, some have been lost forever, some are unspendable dust, and many individuals and entities already hold more than this share. 

Satoshis are VERY scarce.
nostr:nevent1qqs06la2l52xn835djz5nelq69uwn2xnapvegulkgnp9uwgvgt78j9spz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygxy3c5lqj6g9nqpeg0ea7xgdmurrrq9nc8fx5er2930pq8jdc2vzypsgqqqqqqsy7uevf
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Golfwinch | 2 months ago (raw) | root | parent | reply | flag 
 Scarcity is a subjective term. Lol!
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collinizer | 2 months ago (raw) | root | parent | reply | flag 
 “You can do the same with an atom of gold as you can with a pound of gold, nothing” 🤡
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de279ef2 | 2 months ago (raw) | root | parent | reply | flag 
 I really wish @jackmallers response was in here. I imagine it went something like this:

“Peter, come on, as a gold guy you really should understand divisibility. I mean really if you take a gold bar and cut it in half you know you don’t have two bars of gold. If Peter runs his business like that someone needs to do some investigation for fraud. You can’t do the same thing with a satisfied as a whole bitcoin any more than you can do the same thing with a gram of gold as a bar. Come on Peter.”
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Lois 🧘‍♀️🫖✨🙏 | 2 months ago (raw) | root | parent | reply | flag 
 Watching in silent at the PO. Jack's eyebrow raise 😂
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9cba2871 | 2 months ago (raw) | root | parent | reply | flag 
 Don't let him know that there's a hundred times more cents than Dollars, he might just implode.
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L's workbench | 2 months ago (raw) | root | parent | reply | flag 
 A dollar is made of 100 cents...

But we all know that CopePete is doing it to tank and fatten his pockets with precious cheap sats. The dude is stacking like crazy.
I don't buy that he's son is a laser eyes guy and his father a boomer with the hots for just gold.
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vpnmaven | 2 months ago (raw) | root | parent | reply | flag 
 It's the sat that will drive the price and usage not btc
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SatsVault | 2 months ago (raw) | root | parent | reply | flag 
 Peter doesn't know there is roughly 25,000,000,000,000,000,000,000,000 yoctograms of gold above ground per person! Not scarce at all!

Meanwhile there are only ~230,000 sats per person.

https://satoshisperperson.com/
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isolabell.art 🎨 | 2 months ago (raw) | root | parent | reply | flag 
 Best troll ever 🤭
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isolabell.art 🎨 | 2 months ago (raw) | root | parent | reply | flag 
 Best troll ever! 🤭
nostr:nevent1qqs06la2l52xn835djz5nelq69uwn2xnapvegulkgnp9uwgvgt78j9sprfmhxue69uhkummnw3ezuargv4ekzmt9vdshgtnfduhsygxy3c5lqj6g9nqpeg0ea7xgdmurrrq9nc8fx5er2930pq8jdc2vzypsgqqqqqqsj9aley
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Dylan | 2 months ago (raw) | root | parent | reply | flag 
 https://media.tenor.com/NBoOgmdfL2kAAAAC/atg-studiocapa.gif
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The Beave | 2 months ago (raw) | root | parent | reply | flag 
 I guess I'm ahead of the game on that scale... 😅
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NostrAdamus | 2 months ago (raw) | root | parent | reply | flag 
 🤡
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pam | 2 months ago (raw) | root | parent | reply | flag 
 lol. Thanks for sharing, Walker. I appreciate the effort and the anecdotes
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Coinatra | 2 months ago (raw) | root | parent | reply | flag 
 Good thing I sold all my bitcoin for satoshis before it crashed. 😮‍💨 Thanks, Peter Schiff!
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Bitinsightful | 2 months ago (raw) | root | parent | reply | flag 
 He won't care if he is right. Let time heal him 🤭🤭
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rnarder | 2 months ago (raw) | root | parent | reply | flag 
 PoP proof of patience
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satsified | 2 months ago (raw) | root | parent | reply | flag 
 So what you're saying is, we can feed the world by infinitely dividing a pizza?
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BitLo | 2 months ago (raw) | root | parent | reply | flag 
 😂
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zoomoutpls | 2 months ago (raw) | root | parent | reply | flag 
 if he didn't exist, we would have to invent him, I mean Peter,
so entertaining !
he is definetely our Yang
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RobA | 2 months ago (raw) | root | parent | reply | flag 
 I no longer think Peter Schiff fails to understand.   I think he makes a massive amount of money off engagement and has his family using that money to stack sats.
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Mel | 2 months ago (raw) | root | parent | reply | flag 
 https://v.nostr.build/STAnPwA5wGfR0tnW.mp4
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Ayhan | 2 months ago (raw) | root | parent | reply | flag 
 People, please stop listening to Peter Schiff, he sounds like a guy from the post office telling you that email is heading nowhere.
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freeborn | ἐλεύθερος | 2 months ago (raw) | root | parent | reply | flag 
 ...that only happens in a #deflationary environment

e.g., 

"1 sat is too valuable for this dozen eggs...we need LOWER PRICES..."

When this realizatian clicks...

nostr:nevent1qqs06la2l52xn835djz5nelq69uwn2xnapvegulkgnp9uwgvgt78j9spz4mhxue69uhkummnw3ezummcw3ezuer9wchsygxy3c5lqj6g9nqpeg0ea7xgdmurrrq9nc8fx5er2930pq8jdc2vzypsgqqqqqqs3mwen0
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Dany | 2 months ago (raw) | root | parent | reply | flag 
 Let the old guy adore his shiny rock. Stop arguing with him. He is just an attention seeker.
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Gowron | 2 months ago (raw) | root | parent | reply | flag 
 "Never interrupt your opponent when he's making a mistake" - Sun Tzu, probably 👀
nostr:nevent1qqs06la2l52xn835djz5nelq69uwn2xnapvegulkgnp9uwgvgt78j9spz9mhxue69uhkummnw3ezuamfdejj7q3qcj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsxpqqqqqqzw5a8cv
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Svenska808 | 2 months ago (raw) | root | parent | reply | flag 
 this is pure gold . . . gold! You see what I did there
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bashfulbuffet | 2 months ago (raw) | root | parent | reply | flag 
 😂🤝🏽
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bitbuybyte | 2 months ago (raw) | root | parent | reply | flag 
 Somebody tell Peter that his gold isn’t scarce because you can break it into hundreds of thousands of pennies. What an absolute lune
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ZenMeme | 2 months ago (raw) | root | parent | reply | flag 
 trying doing that with your ramen noodles in jail :)
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garth | 2 months ago (raw) | root | parent | reply | flag 
 Ignore the gold banshee
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chadlupkes | 2 months ago (raw) | root | parent | reply | flag 
 How thin can you make a gold coin?  100 atoms?  50?  10?
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shawn | 2 months ago (raw) | root | parent | reply | flag 
 He did say there are 2.1 “cod-rillion”Satoshis in each Bitcoin. Everyone gets Filet o’ Fish.
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YEGHRO | 2 months ago (raw) | root | parent | reply | flag +1 
 There was actually a point where peter attempted to critique bitcoin but ended up making a supporting argument for bitcoin.

something about "intangible things can still have value because people find them useful"

nostr:note1l4l64lg5dx0rgmy9f8n7p5tcax5d86zej3elv3xztcuscshu0ytqr6a80g
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OmniFinn | 2 months ago (raw) | root | parent | reply | flag 
 He accidentally makes an excellent point: you can do with a satoshi everything you can do with a bitcoin (valuation aside). This is the rothbardian argument for a locked maximum circulation in hard money: any locked amount will work on any size of economy.
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eugenius | 2 months ago (raw) | root | parent | reply | flag 
 he starts looking really old
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roscoclyde | 2 months ago (raw) | root | parent | reply | flag 
 😂
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dave | 2 months ago (raw) | root | parent | reply | flag 
 bitcoin derangement syndrome
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ltcolumbo | 2 months ago (raw) | root | parent | reply | flag 
 https://media.tenor.com/GdgLgz__qn0AAAAC/bitcoin-rdbtc.gif
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CuriousJoe | 2 months ago (raw) | root | parent | reply | flag 
 Schiff if debating so hard but never took the time to get to understand bitcoin.
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bashfulbuffet | 2 months ago (raw) | root | parent | reply | flag 
 I don’t really understand why bitcoiners still bother to debate him. It’s clearly just clickbait for him to stay relevant. 

I mean I would never know him if not for bitcoiners
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celestal | 2 months ago (raw) | root | parent | reply | flag 
 Yeah at this point it mainly seems just engagement farming.
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borsengelaber | 2 months ago (raw) | root | parent | reply | flag 
 Of course you can cut a Pizza into a million slices and serve a million people with that Pizza. That’s purest logic! 🤷🏼‍♂️😂
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cindyeoo | 2 months ago (raw) | root | parent | reply | flag 
 can anyone on here help me, I'm using Primal right now and want to zap @walker. I have SATs in my fountain wallet and thought I linked it on Damus, but don't know how to do that in Primal
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DesertNomad | 2 months ago (raw) | root | parent | reply | flag 
 nostr:nevent1qqszvzcv8xc3m896av2pwcjpem432a85tk0pr8e09ydytksdnr0pn0qpzpmhxue69uhkummnw3ezumt0d5hsygzqe2ndz25zyv4ej3utdrp9zhs3k20xr660vpj4c48a3z0ktq7kpupsgqqqqqqspsnp9z