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Thank you! I checked out this guy's credentials... he's just a run of the mill programmer with no special skills or education. He thinks he can predict the futu
by annepaula 13y ago
Thank you! I checked out this guy's credentials... he's just a run of the mill programmer with no special skills or education. He thinks he can predict the future of the world based on his amateur hour speculation.
I'm only ankle deep in subjects like macroeconomics, political science, and sociology, and even I am groaning at the newbie mistakes he makes in his analysis. This guy just flat out doesn't know what he's talking about. He has an audience because his audience is other people who are equally as uninformed.
There is a place where experts discuss these kinds of questions and it's not on blogs. I don't have enough disrespect for my time to bother refuting him (the supply of worthless bloggers is infinite--impossible to make a dent in the endless ignorance) but if anyone wants to be informed on these questions they should start with macroecon 101 and should be learning from specialists, not hobbyists.
- melloclello 13y agoHave either of you considered that all the people who think bitcoin is wonderful are those who stand to make the most from them?
- minimax 13y agoI assume that most hardcore bitcoin enthusiasts are morons but I guess there's a possibility that some legitimately evil early bitcoin adopters out there pushing bitcoin so that they can sell out of their positions at favorable prices.
- waps 13y agoThat's actually what's making bitcoin successful. Never underestimate what large amounts of morons can do. There's a name for what happens if someone finds a way to use large amounts of people to act in their interest but against the public interest. It's called a "Nash equilibrium", and it's unstoppable. This is the point the article seems to be making.
- promptcritical 13y agoThat's not a Nash equilibrium. What you're describing is called the "Tragedy of the Commons."