Quote from: The Pharmacist on January 24, 2020, 03:05:21 PM

I'm not sure why Schiff even bought any bitcoin to begin with, but whatever. What I'm more surprised about is that he obviously didn't take the time to learn the basics about it before doing so--if he didn't write down his seed phrase, that betrays a level of ignorance about bitcoin that I find puzzling, as I don't think Schiff is a stupid man by any means. A huckster, yes. Stupid, no.

In fact, he didn't buy anything - I've written it many times before, even on this thread :

Quote from: Lucius on January 23, 2020, 03:19:18 PM

He got that amount from his friend Erik Voorhees, but afterward, some other people continued to send him donations (gifts), and today that address is holding 0.21 BTC.

This whole stupid story actually came about because someone gave something to someone, and that person has no idea what they got for a gift. Gifting $50 worth of BTC to Peter or some 10-year-old child is actually the same thing, they both won't know what to do with it. Although much more justification can be found in the case of a child, than in an adult who earns millions.