If traditional economists could be bothered to do more than three seconds of studying about blockchain before passing judgement on it, that would be swell. How about banking the unbanked, Paul? How about cryptos that already exist without BTC's fees, Paul? How about all the hidden fees in traditional currencies that you're pretending don't exist, Paul? How about read a fucking book, Paul?
image from coinsutra
Hey, look! A book that already answers your questions! Already in print for years! That you could read instead of demanding someone be your private tutor for free because you expect people to read YOUR books but can't be bothered to read yourself!
What you're doing is called sealioning, Paul, and either someone paid you to do it or you're desperately trying to sound relevant but really just showing your ass.
#ApparentlyBeingARichOldWhiteGuyMeansYouDontHaveToLearnAnymore
That Red Fish your momma always warned you about
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Yes, the bit where it says about if there was a moment of doubt that would finish bitcoin reminded me of the conversation I had earlier this year with my accountant. He talked about cryptocurrencies being dependent on confidence in them ... but that is also true of money.
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Yep, witness any number of crises prompted by a national currency becoming less valuable than toilet paper.
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Meh... maybe we should all pitch in and send him a bundle of Zimbawean dollars or Venezuelan bolivares to illustrate how much things are worth, just because they are printed on paper by a government.
"Yeah, but those are third world banana republics!"
OK, how about some 1920's German marks, then?
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Exactly. Like, read a textbook with those pictures of people with wheelbarrows full of deutschmarks, Paul!
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