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> Keep in mind that all the major source on crypto, including the top dozen popular textbooks I could find on amazon -- and many "academic" looking papers -- ar

> Keep in mind that all the major source on crypto, including the top dozen popular textbooks I could find on amazon -- and many "academic" looking papers -- are written by people profoundly invested in selling crypto > All crypto news is press releases from crypto companies Again, you could say the same thing about people trying to prop up the capitalist system as they are heavily invested in it and own property, etc.. I could argue that people arguing against crypto are mainly people who are upset that they missed the boat on the biggest price gains. But you could also make that argument about the stock market/capitalism. So it's not a valid point.

mjburgess 3y ago
> So it's not a valid point. Economics textbooks are not written by people trying to hype an asset. > you could say the same thing about people trying to prop up the capitalist system Sure, and the heavily manipulated housing market, propped up by QE which dramatically inflated asset prices, is a major issue facing several large economies (eg., AU, UK esp.). However homes, at the end of the day, are homes. If you're conned into overpaying 100,000 on a home whose value will drop 150k at some point because of obvious on-coming market corrections -- well, you still have a home. Crypto's market correction is "to about zero". And there's no home left. Crypto is a scam. These ideas are part of the scam. These whatabouts and fasle equivocations. It's as much a homeopath saying, "what about big pharma?"
- pazimzadeh 3y ago
  > Economics textbooks are not written by people trying to hype an asset Even if economics textbooks are not written by the doomsayers for whatever reason, do you think banks and private companies are not doing PR blitzes for assets right before dumping them on us? > If you're conned into overpaying 100,000 on a home whose value will drop 150k at some point because of obvious on-coming market corrections -- well, you still have a home Well, at the end of the day you still have your ETH whether the price is $2k, 30 cents or $24k and you can use it to do public decentralized work across the L1 network. On which things like You can also trade it or buy the VitaDAO token and vote on funding for translational research proposals https://www.researchhub.com/paper/1266843/vitadao-whitepaper https://www.researchhub.com/paper/1266843/vitadao-whitepaper

mjburgess 3y ago

> So it's not a valid point. Economics textbooks are not written by people trying to hype an asset. > you could say the same thing about people trying to prop up the capitalist system Sure, and the heavily manipulated housing market, propped up by QE which dramatically inflated asset prices, is a major issue facing several large economies (eg., AU, UK esp.). However homes, at the end of the day, are homes. If you're conned into overpaying 100,000 on a home whose value will drop 150k at some point because of obvious on-coming market corrections -- well, you still have a home. Crypto's market correction is "to about zero". And there's no home left. Crypto is a scam. These ideas are part of the scam. These whatabouts and fasle equivocations. It's as much a homeopath saying, "what about big pharma?"

pazimzadeh 3y ago
> Economics textbooks are not written by people trying to hype an asset Even if economics textbooks are not written by the doomsayers for whatever reason, do you think banks and private companies are not doing PR blitzes for assets right before dumping them on us? > If you're conned into overpaying 100,000 on a home whose value will drop 150k at some point because of obvious on-coming market corrections -- well, you still have a home Well, at the end of the day you still have your ETH whether the price is $2k, 30 cents or $24k and you can use it to do public decentralized work across the L1 network. On which things like You can also trade it or buy the VitaDAO token and vote on funding for translational research proposals https://www.researchhub.com/paper/1266843/vitadao-whitepaper https://www.researchhub.com/paper/1266843/vitadao-whitepaper