"Bitcoin, or a similar form of cryptocurrency, will eventually replace governments' fiat money as the preferred medium of exchange" was the resolution for a rollicking debate between Shapeshift CEO Erik Voorhees (affirmative) and Euro Pacific Capital Inc CEO Peter Schiff, prominent cryptocurrency skeptic (negative). In a victory for the crypto community at large, Mr. Voorhees was judged the winner by audience vote, moving 15% of the assembled crowd to support the resolution; Mr. Schiff managed to actually lose his base support by the end of the night, having been thoroughly beaten. The winner earned bragging rights and the traditional Tootsie Roll.
Erik Voorhees Vanquishes Peter Schiff at Sold Out New York Bitcoin Debate
New York City's gritty, famed Bowery district is home to the recently reconfigured Soho Forum. Functioning as a debate society, it is hosted by the affable and nebbish Gene Epstein, economics editor of Barron's. The Soho Forum featured Bitcoin pioneer Erik Voorhees and well known conservative/libertarian-ish economic media personality Peter Schiff.
The sold out, standing-room only audience at the Subculture Theater was treated to a good old donnybrook, a philosophical fisticuffs, lasting a full hour and a half (including audience questions). Sans necktie, wearing a light-colored suit, Mr. Voorhees argued in favor of the resolution, defending the idea of crypto finally usurping fiat hegemony. Mr. Schiff, in a muted royal blue suit with yellow tie, met his challenger to express intense incredulity that magic internet money beans could be anything more than a faddish bubble.
After brief introductions by Mr. Epstein, Lincoln-Douglas format demands the affirmative position make its case. Mr. Voorhees appealed the crowd's natural bias immediately by reminding them of his infamous tangles regarding the state's odious Bitlicense affair. He cheekily asked a future Forum debate be held on which is now more socialist, China or New York. He also paid homage to his night's sparring partner, Mr. Schiff, in that the bearded gold bug's podcast, as far back as 2008, was an influential factor in Mr. Voorhees' embracing of free markets.