The password kicked it off
The other day Peter Schiff tweeted that his mobile phone Bitcoin wallet had corrupted and he couldn’t access his Bitcoin anymore using his password. Schiff said that he was keeping Bitcoin to watch the value go to zero and that because the wallet corrupted was the reason why Bitcoin was irrelevant. A few glaring errors with Schiff’s statements were quickly pointed out by everyone in CT including plebs.
- Schiff constantly berates Bitcoin however he is hodling the cryptocurrency
- Noone keeps money with the intent of it losing value
- What kind of idiot keeps their crypto wallet on a cell phone
- All crypto wallets have you write down your security key and if you have your security key then you would still have access to your crypto
- He, therefore, would have had to have forgotten/lost his password/seed phrase
Schiff lost credibility and it started
Crypto Twitter decided that Peter Schiff is irrelevant and started blocking his account only after he became the punch line of multiple jokes. Here are some of the best ones.
If you locked your gold in an impenetrable safe and forgot the combination, would you blame the gold?
Would you blame the safe?
You’d blame yourself.
This is no different.
You are a shining example of Bitcoin’s greatest strength.
A reliance on personal responsibility.
— Chris Blec (@ChrisBlec) January 19, 2020
Peter Schiff makes mistakes
Bitcoin never makes mistakes https://t.co/DlmKqBQTHB
— Alistair Milne (@alistairmilne) January 23, 2020
Peter Schiff in 2016:
“People say I don’t understand #Bitcoin, trust me I understand it better than them, it can’t work as money.”
Also Peter Schiff:
“I lost my Bitcoin password”.
— The Moon (@themooncarl) January 24, 2020
With all due respect, this whole episode goes to show you should be the last person educating / warning people about Bitcoin. You haven’t taken the time to learn even the most basic things about it!
— Adam Barlow (@adam_barlow) January 23, 2020
After Schiff started losing the attention that he desires from the crypto communities he admitted that he did not have his seed phrase and started blaming Erik Voorhees for his misfortune. Schiff said losing his “Bitcoin” and his “life savings” which started raising red flags. Schiff telling the community that his life savings equated to $8,000 and bad-mouthing Voorhees made it so he started losing in the court of public opinion. The hashtag #BlockPeterSchiff started trending on Twitter and Schiff stated losing hundreds of followers.