4 ms·

Being wrong once doesn't make you wrong forever.

• cle 14y ago
  Of course not, but it does affect your credibility, and rightly so. I don't know what his track record is on technology in general, but dismissing something as important and revolutionary as the Internet makes me seriously wonder about his ability to understand the impact of new technologies.
  • Jtsummers 14y ago
    Being wrong on technology as an economist isn't an indicator in this case. Bitcoin is intended as a currency, his skepticism is directed towards that. His background as an economist and success/failure there should give weight to his views.
  • kosei 14y ago
    It doesn't for me. A lot of people were wrong about the Internet. It was a revolutionary technology, but for every revolutionary technology that has succeeded, there are plenty that fail. If we look back 10 years from now, BitCoin could either be hugely successful or a mere afterthought. I'm not going to hold anyone accountable for being "right" or "wrong" about predicting its future. But I suppose this is why sensationalist journalism works.
    • deleted 14y ago
      [deleted]
  • danielweber 14y ago
    Bitcoin is about economics and technology. Technologically, it's pretty amazing. People who try to attack it on technological grounds are probably wrong. Economically, it's a different story, and it's about the economics that economists are most concerned and most informed.