Tuesday, 31 August 2021

If those who doubt Bitcoin can't make a good argument for "why Bitcoin", then that shows they truly don't understand Bitcoin. Therefore, their opinions against Bitcoin should be given as much weight as their lack of understanding Bitcoin has

Charlie Munger says something along the lines of: "You got to be able to make the other sides case better than you can make your own case, if you truly want to prove that you understand an asset enough to make a case against it."

When Peter Schiff was asked to make his best argument for Bitcoin while he was debating Kevin O'Leary and Raul Paul about Bitcoin to prove he understood it enough to be able and doubt it, he couldn't bring up any of it's best arguments. Showing he truly didn't understand it enough to know what its best qualities are. Like the fact that it is the strongest computer network in the world making it un-hackable and unstoppable in a sense that its transactions or balances cannot be blocked, stopped, or changed by any other entity or attacking computer network.

Time stamped link to video: https://www.youtube.com/embed/4ITfZz9mTwo?start=1804

Start the video at 30:03 to skip to the part where he show’s his lack of understanding of the case for “Why Bitcoin”, if the time stamped link doesn't already start there when you click it.

Next time you come across an "expert" who hates Bitcoin, give them this challenge. Tell them that anyone who truly understands an asset enough to justify hating it should be able to make a better argument "for it" than their opponents, to show that they truly understand it better than those who believe in the asset they hate, therefor proving they understand it enough to hate it.

If their answers are nothing close to the actual strongest cases for Bitcoin, then they'll show their hand at how little they understand Bitcoin, and how little weight their opinions on it should be given.

If someone who hates Bitcoin can't argue the best cases for Bitcoin better than their opponents, then they don't understand it.

This leads to my favorite fact about today's time with peoples opinions on Bitcoin that strikingly resemble people's opinion on Email in the early days of the internet:

If 99% Of The Opinions You Hear From People On Bitcoin Are Fear, Uncertainty, & Doubt, and Only 1% of People’s Opinions You Hear On It Are Positive. Then You Should Know, You’re Still Very Early

submitted by /u/ThrowAwaydntopnddins
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