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Not to be flippant, but nobody who I've heard promote crypto has any real, deep training in economics. Computer science yes, totally, but not econ. There are ob
by boc 4y ago
Not to be flippant, but nobody who I've heard promote crypto has any real, deep training in economics. Computer science yes, totally, but not econ. There are obvious problems with the entire concept of decentralized money if you've studied economic/financial history. We already experienced it back in the 19th Century and it's following pretty much the same pattern. Wildcat banks, frontrunning, wash trading, bank runs, and much more.
Some brilliant computer scientists created crypto and Dunning-Kruger'ed themselves into thinking that they were also experts in finance.