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If an economist wrong an article that's title was "the usd is stable", he would either need to show that, or it would be a rather pointless article wouldn't it?
by LatteLazy 4y ago
If an economist wrong an article that's title was "the usd is stable", he would either need to show that, or it would be a rather pointless article wouldn't it? Similarly, an article whose title and whole content is just "Crypto Is All a Scam" should probably actually contain something more than "because we all agree, don't ask questions"...
And if such an economist were challenged on whether the USD is stable, he would presumably be able to cite decades of data of inflation rates, FX etc.
It would be a bit crazy to write a whole article about one thing, but say nothing because the thing is obvious and widely accepted (so why write it)...
Plus, "Crypto Is All a Scam" is the claim here. So if people making claims are the ones obliged to support them then...
As I say elsewhere, I am not some crypto evangelist. I am just tired of both sides being so vacuous and relying on prejudice and publishing such poor materials...
- acdha 4y agoAn economist wouldn’t publish an article saying the USD is stable because that’s the accepted baseline. The same is true of saying cryptocurrency has failed to deliver value after 15 years and billions of dollars in real money have been consumed with almost no real world impact other than renaming a stadium.
- LatteLazy 4y agoAnd yet that is the article you are commenting under and defending?!