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lol this this thisssss! bitcoin culture in a nutshell. the major economists & finance analysts say stuff like "explain how this is not a speculative bubble", fo
by fat0wl 13y ago
lol this this thisssss! bitcoin culture in a nutshell. the major economists & finance analysts say stuff like "explain how this is not a speculative bubble", for example, because they outright see it as one & the bitcoiners dismiss them as hacks because they didn't use a bunch of crypto buzzwords
- jadeddrag 13y agoWhich is more likely, that economists don't understand cryptography, or cryptologists don't understand economics?
- dragonwriter 13y agoMore likely than either being particularly more likely than the other is that neither economists nor cryptographers are particularly likely to understand the other field.
- fat0wl 13y agoyea but my view here is that you don't need to understand cryptography to derive the value of a Bitcoin. It is akin to other currency systems that have come before it. the crypto aspects are new, sure, & provide a good infrastructure that may give it staying power but the cryptography shouldn't actually be where the value comes from. I think a sound economic analysis of the market can be done regardless of the transactional method. sure, it's clever but its a feature of a value store, not actual value