A Rebuttal To Paul Krugman’s Tone-Deaf And Out-Of-The-Loop Opinion Piece
Nobel Prize winner Paul Krugman doesn’t know when to stop. After more than a decade of being wrong about Bitcoin, he keeps adding bad takes to his resume. In his latest piece, “How Crypto Became the New Subprime” he willfully shows his ignorance about the matter at hand, confuses very basic concepts, and colors it […]
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Over the weekend, I ran across a link to a Sputnik International opinion piece about Bitcoin called "Five Reasons the Bitcoin Revolution is over." Never heard of Sputnik International before (it's a multinational media corp that was just created last November). And this article doesn't seem well-received, with eighty-nine "thumbs down" to just nine "thumbs up". Maybe the author or the company, is jumping on Bitcoin to get the ball rolling on their fledgling media enterprise. Maybe they have an agenda against Bitcoin, or they have knuckled under to a centralized third-party or government....
While crypto critics and supporters may argue about Bitcoin, they both agree on one thing: It is here to stay. Many years ago, I ran hedge funds on Wall Street. With a long pause for philanthropic and government work, I eventually found my way to blockchain, and now, I spend my days writing about decentralized finance versus centralized finance. Some of my old Wall Street friends still run a lot of money in hedge funds, and back in 2018, they would tease me and ask if I was still “doing my crypto thing.” Even today, some of them still think that Bitcoin (BTC) is a Ponzi scheme. One of my....
Former member of the US House of Representatives Ron Paul does not believe bitcoin is 'true money,' but he is still a big fan of the concept. Ron Paul is one of the most prominent libertarians on the US political scene. Much of the libertarian movement is in favour of digital currencies, either through active support and endorsement, or by advocating no government interference and regulation. Ron Paul even got the distinction of having an altcoin named after him. He never shied away from controversial issues and he never kept his love of bitcoin a secret. Paul's views on the state of our....
Sheng Songcheng of the People's Bank of China's PBOC financial survey and statistics division has had an opinion piece published this week on the topic of virtual currency titled "Virtual currency is essentially not money" (translated). "It is hard for the likes of Bitcoin to become a currency," Sheng writes in the piece. "Bitcoin is merely a Utopia for technology supremacists and absolute liberalists." It's a verbal blow, but the opinion has had little effect on anything bitcoin-related at the moment. The damage has already been done in China as of when the PBOC banned third-party payment....
Logica Chief Strategist Michael Green recently made comments about Bitcoin's value proposition that deserve closer consideration. The post Bitcoin, Debt And Elasticity: A Rebuttal To Michael Green appeared first on Bitcoin Magazine.