Why Chamath Is Wrong About Inflation
Recent comments from Chamath Palihapitiya indicate that he doesn’t understand how inflation or monetary sovereignty really work.While billionaire Chamath Palihapitiya has been an early, vocal proponent of Bitcoin for nearly a decade now, his grasp of Bitcoin's ethos seems to be fraying. Setting aside his recent snafu with Bitcoin veteran and advocate Surfer Jim, Chamath doesn't seem to understand principles of inflation, wealth inequality or their historical context.When Lyndon B. Johnson enacted the Great Society programs of the ’60s to alleviate poverty and elevate the general well being....
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Notorious billionaire Chamath Palihapitiya’s tweet about BitClout raised a few red flags. Since we at Bitcoinist checked the project’s documentation and explored the possibility of it being a scam, we had to investigate. Is Social Capital’s CEO more involved in BitClout than he’s letting it out to be? Let’s find out. The tweet in question […]
Solana (SOL) was put in the spotlight after a clip from a big tech investors’ podcast, such as Chamath Palihapitiya, showed them joking about buying SOL with discounts and their intentions for its future. Many saw this as an open example of venture capitalists manipulating prices on the market and further damaging projects. The podcast […]
Former Facebook and AOL executive Chamath Palihapitiya has updated his projection on wallet downloads in 2014. In January, Palihapitiya, who is one of the largest individual owners of bitcoin, had predicted 11.5 million wallet downloads, but after the bitcoin price stabilised below $500 in the first quarter of the year, he has readjusted his forecast to 7.3 million. He shared this information via a tweet last night: If you are wondering why USD/BTC is depressed, here is our internal projection of wallets thru EOY 2014... pic.twitter.com/Fh23kFBolw. - Chamath Palihapitiya (@chamath) April....
Virgin Galactic’s chairman and CEO of Social Capital, Chamath Palihapitiya, says bitcoin has effectively replaced gold. Having predicted that the price of the cryptocurrency would hit $200,000, the executive said bitcoin’s “market cap is just going to grow.”
Palihapitiya: ‘I Can Pretty Confidently Say That Bitcoin Has Effectively Replaced Gold’
Virgin Galactic Chairman Chamath Palihapitiya talked about bitcoin in an interview with CNBC at the Delivering Alpha Conference last week. The billionaire executive is also the founder and CEO of....
In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18 months now, and media reports are beginning to note he was wrong about transitory inflation and his administration has made “dubious claims about inflation’s peak.” Meanwhile, the Biden administration and a few reports suggest there are “signs inflation may have peaked”....