The "What is Money?" Show

Bitcoin vs Gold DEBATE 2024: Peter Schiff vs Robert Breedlove (WiM532)

Nov 20, 2024

In this engaging discussion, Peter Schiff, a prolific financial commentator known for his expertise in gold and traditional finance, debates with Robert Breedlove, a visionary entrepreneur and advocate for Bitcoin. They tackle the merits of gold versus Bitcoin as money in a digital economy. Key topics include inflation's impact on currency, the properties that define sound money, and the practical challenges of using gold today. The two explore the future of finance, trust in government policies, and what this means for the value of both assets.

01:54:10

Creator website

Episode guests

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Money should possess key characteristics like divisibility and durability, with gold historically serving as a tangible store of value.

Bitcoin represents sound money in a digital future, despite its lack of industrial utility, relying more on speculation than inherent value.

Inflation results from increased money supply driven by government policies, misleading the public about the real economic conditions behind rising prices.

Bitcoin and gold each have unique advantages, but Bitcoin's volatility poses challenges for everyday transactions compared to the stability of gold.

Deep dives

Characteristics of Sound Money

Money must possess essential characteristics such as divisibility, durability, recognizability, portability, and scarcity. Before considering digital options, it is necessary to start with a tangible store of value, which has historically been gold for a non-digital environment. In contrast, Bitcoin serves as sound money in a digital future, although it lacks practical industrial use. This absence of inherent utility allows Bitcoin to be seen as pure money, primarily subject to speculation.

1.

Intro

4min

2.

Monetary versus Price Inflation and the Future of Money

3min

3.

Fiat vs. Commodity Money: A Deep Dive

27min

4.

Exploring Portability: Gold vs. Bitcoin

5min

5.

Gold vs. Bitcoin: A Value Debate

24min

6.

The Future of Gold vs. Bitcoin: Value and Use Cases

4min

7.

Bitcoin vs. Gold: A Monetary Debate

19min

8.

Exploring Bitcoin Value and Personal Growth Opportunities

4min

9.

The Status of Money: Bitcoin vs. Gold

24min

// SOCIAL //

Breedlove X: https://x.com/Breedlove22

WiM X: https://x.com/WhatisMoneyShow

Substack: https://breedlove22.substack.com/

Instagram: https://www.instagram.com/breedlove_22/

TikTok: https://www.tiktok.com/@breedlove22

Linkedin: https://www.linkedin.com/in/breedlove22/

All My Current Work: https://linktr.ee/robertbreedlove

// SPONSORS //

The Farm at Okefenokee: https://okefarm.com/

Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/

In Wolf's Clothing: https://wolfnyc.com/

Tuttle Twins: http://angel.com/breedlove

Mindlab Pro: https://www.mindlabpro.com/breedlove

Emerge Dynamics: https://emergedynamics.com/breedlove

Art of Alpha Retreat: https://www.breedloveevents.com/

// PRODUCTS I ENDORSE //

Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedlove

Noble Protein (discount code BREEDLOVE for 15% off): https://nobleorigins.com/

The Bitcoin Advisor: https://content.thebitcoinadviser.com/breedlove

Lineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22

Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/

// SUBSCRIBE TO THE CLIPS CHANNEL //

https://www.youtube.com/@robertbreedloveclips2996/videos

// OUTLINE //

0:00 - WiM Intro

1:06 - What is Inflation?

6:42 - What is Fiat Currency?

16:46 - What Properties do you want in Money?

18:56 - Divisibility: Bitcoin vs Gold

27:23 - Durability and Recognizability: Bitcoin vs Gold

32:59 - The Farm at Okefenokee

34:26 - Heart and Soil Supplements

35:26 - Helping Lightning Startups with In Wolf's Clothing

36:18 - Portability: Bitcoin vs Gold

46:40 - Scarcity: Bitcoin vs Gold

56:41 - 100 Years from Now: Bitcoin vs Gold

1:04:16 - Tuttle Twins: Teaching Kids Critical Thinking

1:05:33 - Mind Lab Pro

1:06:43 - 100 years from now: Bitcoin vs Gold

1:08:55 - Store of Value: Bitcoin vs Gold

1:19:56 - Unit of Account: Bitcoin vs Gold

1:27:17 - Emerge Dynamics

1:28:20 - Art of Alpha Retreat

1:29:34 - Medium of Exchange: Bitcoin vs Gold

1:34:42 - Can We Make a Better Bitcoin?

1:43:56 - Would Anything Change Peter’s Mind about Bitcoin?

1:47:46 - Closing Thoughts on Gold vs Bitcoin

// PODCAST //

Podcast Website: https://whatismoneypodcast.com/

Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400

Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE

RSS Feed: https://feeds.simplecast.com/MLdpYXYI

// SUPPORT THIS CHANNEL //

Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7

Sats via Strike: https://strike.me/breedlove22

Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove

Dollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.

App store banner

Play store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode