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The guy is obviously clueless. Obviously. He claims that bitcoin’s value is derived from expectation of “future growth” implying that it’s not the case with lit
by keymone 9y ago
The guy is obviously clueless. Obviously. He claims that bitcoin’s value is derived from expectation of “future growth” implying that it’s not the case with literally any other investment in any other instrument be it a currency, a common stock, a commodity or a bond.
An “economist” that didn’t grasp the trivial notion that “inherent value” is a myth? Nobel prize my ass.
- andrewguenther 9y agohttps://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
- keymone 9y agoWell isn’t that convenient
- andrewguenther 9y agoThat link was directed at you...