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Great, Nassim Taleb and Tyler Cowen and much of the rest of the world has caught on that neither Bitcoin or Ether or Dogecoin will function as currencies. Here
by chrispeel 5y ago
Great, Nassim Taleb and Tyler Cowen and much of the rest of the world has caught on that neither Bitcoin or Ether or Dogecoin will function as currencies. Here are a couple other questions that I hope they and other smart people will move on to:
* Is Bitcoin good at being digital gold? I suggest that Bitcoin and other cryptocurrencies have succeeded as digital commodities, yet have been co-opted by the commodity money crowd, rather than fundamentally changing it.
* What is the right metric by which to measure the success of more versatile crypto platforms like Ethereum on which token sales, NFTs, and DeFi have all had success? Will Ethereum or similar platforms be ignored in part because it's not obvious how to characterize it using normal economic tools?
[1] https://www.bloomberg.com/opinion/articles/2021-06-21/what-the-crypto-crowd-doesn-t-understand-about-economics https://www.bloomberg.com/opinion/articles/2021-06-21/what-t...