@way-truth-light, I actually enjoyed the discussion. I am pro-crypto, but I feel that Ken's points on (or against) Bitcoin were better than the average arguments which would usually state, "Bitcoin can't be money because it doesn't have a 5000 year history!" blah, blah blah... Sometimes it's good to hear points from the opposite side. Might've been a drive by shooting, but no kill shots were produced.
RE: RMR: Special Guest - Kenneth Schortgen Jr (09/08/2017)
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RMR: Special Guest - Kenneth Schortgen Jr (09/08/2017)
Problem is, he's flat out wrong because he is not reasoning from first principles, he operates on an agenda. His paycheck comment ignores the fact that Bitcoin goes down 8 decimal points, the lowest being a Satoshi. Our paychecks will say 250,000 Satoshis a week, not 0.025 Bitcoin. It's just so disingenuous and his credibility is shot. There are plenty of economists who have given Bitcoin a fair chance, ken has failed. The fact that he spends so much effort on it without ever having used it exposes him....
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