Max, Peter Schiff just doesn't get it I wouldn't bother trying. He is a Gold bug and he will only float his own boat. Someone could invent a way to make Gold and it would drop in price overnight. Most of the value in gold is imputed yet he cannot see that this is valid for Bitcoin just as much as with Gold.
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Of course one must take into consideration that it is much more likely that somebody invents an alternative to bitcoin that is better than bitcoin than it is that someone comes up with a way to produce gold. :-)