Peter Schiff is a gold bug.
How should his critique that Bitcoin is a Ponzi scheme make any sense?
What he fears is competition from a better form of money.
Hal Finney realized this as well.
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Hal Finney wrote on 17th January 2009(!), that he "is looking to add anonymity to Bitcoin".
He understood after 10 days what some Bitcoin maxis barely grasp after 10 years. Without fungibility becoming money is out of scope.