Schiff flips the premise and argues the real contest isn't Bitcoin vs gold, but Bitcoin vs tokenized gold (Tether Gold): "tokenized something" versus "tokenized nothing." Saifedean counters with stock-to-flow, halvings, and the claim that Bitcoin's engineered scarcity and censorship resistance make it superior monetary technology, while gold remains vulnerable to government constraint and custodian risk. They clash over subjective value, what "money" actually is, whether speculation equals adoption, and what it would take for either side to concede. If you want the cleanest steelman of both positions, this is it.