Sead Fadilpašić reported in Cryptonews on August 01, 2018 that Krugman sees:

...cryptocurrency is at least 300 years behind the current, let’s call it traditional monetary system.

... too expensive to create, transactions are frictive, costs of doing business are high. On the other hand, conventional money ‘generally does its job very well’...

Using a bank account means trusting a bank, but by and large banks justify that trust..

OK, hold on, no need to shout “2008”. That last comment was meant to compare trusting a bank vs. the track record of cryptos. Still, he does not seem like much of a tech guy as he underestimated the popularity of the Internet beyond cat videos.

Kathryn Haun, begins to shed some light on why an intelligent mind of the highest order might come to such conclusions. She counters with BCH as currently a better payment solution than BTC. Haun goes on to discuss how blockchains are different.

Krugman stands firm with what establishments have built and to just throw that out is not a smart way to go. It is doubtful that he has given much thought to the investments of IBM, Oracle, Alibaba, Amazon, etc. Now, it could just be that much of his life he followed an administrative lead. Certainly not to take away from his work. Few, if anyone, are capable of his accomplishments. Nevertheless, consider his discussion of government officials where he says:

...trendiness is a very big factor in all of this.

_{- [12:44]}

Granted, trendiness plays a role as was the case during the record markets at the end of 2017, but for officials who have professional tracks the likes of G-men, I doubt very much that trendiness is anything more than a political factor. Paying about $5 for a cup of coffee in D.C. is not something one wants to post on twitter. To give you an even better idea of his mindset, he does not even give much consideration to the differences between centralized and decentralized exchanges.

Vitalik Buterin and Focusing Our Energy

...Vitalik Buterin had to defend himself against allegations that he is leaving Ethereum.

_{- reported by Sead Fadilpašić in Cryptonews on November 05, 2018}

He should not need to expend energy here. In fact, during the last WLS Hangout (#9), the @officialfuzzy touches upon not wasting energy and finding productive solutions. We really need to reinforce this, especially since many of us get excited about the potential for blockchain and related tech.

What is possible with hyper-focus? Hopefully the CryptoWorld will one day know.

Remember, we takeoff into the wind.
_{from pixabay}