Comment on Paul Krugman. Former Professor of Economics at the Massachusetts Institute of Technology

HumanOnEarth@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

• Warl0k3@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  He has won a nobel prize for his work in economics.

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  • cannedtuna@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Prime “don’t you know who I am?” material right there

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  • HumanOnEarth@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    That’s a shame

    “What problem does this technology solve? What does it do that other, much cheaper and easier-to-use technologies can’t do just as well or better? I still haven’t heard a clear answer."

    Bitcoin (not crypto) solves the problem of centralization and control of money. It is a harder form of money than gold. You can send a billion dollars for pennies across the world in 10 minutes. It is completely transparent. It can provide access to finance to people who are traditionally excluded. It cannot be censored.

    If he hasn’t heard a clear answer, it’s because he’s willfully ignorant at this point. And again, crypto is 99.9% BS. Bitcoin was not the first crypto, and it won’t be the last crypto, but it is the only one of its kind and if north of a trillion dollars doesn’t convince you of that, including institutional money, then nothing will and I invite you to invest in the stock market instead and hope inflation doesn’t steal your retirement away.

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    • Warl0k3@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Bitcoin (not crypto) solves the problem of centralization and control of money.

      No it doesnt, 51% attack, please do hush. It’s the same reason TOR is probably compromised - we can’t actually detect if one has happened.

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      • khannie@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        I can’t even fathom what the cost of trying to implement a 51% attack on bitcoin would be.

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      • HumanOnEarth@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

        🤣🤣🤣🤣🤣🤣

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  • deafboy@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    In such case, the Nobel commitee shoud probably set higher standards.

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    • Warl0k3@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Image

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• just_another_person@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Lolz dafuq. Gotta be kidding me with this comment, and I hope it’s a joke.

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  • HumanOnEarth@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    Not at all.

    Predictions for the price of Bitcoin in 2030? Give me a number. And then don’t forget it.

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    • just_another_person@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Again…people don’t actually use it to buy anything. It has no tangible value aside from people buying.

      Hasn’t it lost like 15% of its value this week?

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      • HumanOnEarth@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

        forbes.com/…/bitcoin-is-a-step-closer-to-being-mo…

        Isn’t it worth 95,000?

        I’ve been having conversations with doubters since it was 2,000 dollars. I wouldn’t waste your breath on me. I’ll be alright.

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    • explodicle@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

      It’ll be worth exactly one bitcoin

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• lol_idk@piefed.social ⁨3⁩ ⁨weeks⁩ ago

  I’m downvoting you just to reinforce the idea that no one here gets sarcasm

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  • Warl0k3@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    They’re not being sarcastic, unfortunately they have gone on to double down. Rare hivemind W on this one.

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• explodicle@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

  Krugman is firmly Keynesian school. Where are they teaching whichever school of economics is Bitcoin maximalism?

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  • Warl0k3@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Youtube.

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