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> when we see that's its scam after scam all the way down, excuse us for having a dim view of those who are all about the fundamentals. I hate to be 'that guy'
by Melting_Harps 3y ago
> when we see that's its scam after scam all the way down, excuse us for having a dim view of those who are all about the fundamentals.
I hate to be 'that guy' but usename checks out:
Philistine (adjective) - Lacking in appreciation for art or culture.
The same was said about the Internet in the 90s, its a fad underscored with seediness and scams abound, I have no use for it and no one will use it. That was essentially Krugman's position on the internet and lo and behold it was the same about Bitcoin [0].
Again, I don't deny 99% of alts are scams, they are. But what you fail to see in erroneously painting these broad strokes is the same thing that boomers and 'economists' like Krugman did and lose the scrip entirely in the process--or was a mouth-piece for vested interests in the fiat monetary system that helped him become a Nobel Laureate and professor of economics at Columbia.
0: https://www.bloomberg.com/news/articles/2021-05-24/paul-krugman-got-something-very-right-about-the-internet-the-fax-machine-and-the-economy#xj4y7vzkg https://www.bloomberg.com/news/articles/2021-05-24/paul-krug...