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Krugman has spent the past few months qualifying, trivializing and disclaiming his previous asinine and uninformed remarks about bitcoin. Does he have a single

Krugman has spent the past few months qualifying, trivializing and disclaiming his previous asinine and uninformed remarks about bitcoin. Does he have a single shred of dignity left? Insufferable. Moreover, Krugman is blissfully unaware of the hundreds of millions of people that don't have access to stable or reliable banking. How does opening the markets to untold millions, via peer-to-peer transactions, not solve an economic problem?

venomsnake 13y ago
How dare a guy change his opinions when he gets to know the facts better. Travesty I tell you. We want that will think on Wednesday the same they thought on Monday, no matter what happens in the world on Tuesday. (Shamelessly stolen from colbert)
- mercurialshark 13y ago
  Eh, sorta missing the point there, brah. He's not changing his position that Bitcoin is a farcical experiment. He trivializes every argument that favors bitcoin, therefore allowing him to save face. AKA he's justifying his dumb thoughts...
- etherael 13y ago
  No. This is like a religious fanatic retreating from a god of the gaps corner, but never considering the possibility that he might be fundamentally wrong. Of course I can show you irreducible complexity! Look, Eyes! No wait, that doesn't work, I mean blood clotting! No no no hang on, I mean flagella based molecular motors! Ok, look, that's wrong too, but I'm still right, just, look, let me get back to you on this, OK? Alright, good, are you there? Forget irreducible complexity. That's just hokum, but this will just knock you out of the park, are you ready? Ok, here; Bananas are clear proof of intelligent design! Hello? Where did you go? Why is nobody listening to me? Anybody? Bombardier Beetles!
trentmb 13y ago
What's the overlap between people with access to stable or reliable banking and stable or reliable power and stable or reliable internet access?
- nawitus 13y ago
  Majority of Africans own a cell phone, and they already use it for payments.
  - trentmb 13y ago
    Man, you weren't kidding: http://en.wikipedia.org/wiki/Mobile_telephony_in_Africa#Current_situation http://en.wikipedia.org/wiki/Mobile_telephony_in_Africa#Curr... Just need to work on that blockchain size given GSM speed limits. EDIT: Apparently there are clients that don't need the full blockchain now?
    - Jayschwa 13y ago
      More on (existing) thin clients: https://en.bitcoin.it/wiki/Thin_Client_Security#Header-Only_Clients https://en.bitcoin.it/wiki/Thin_Client_Security#Header-Only_...

venomsnake 13y ago

How dare a guy change his opinions when he gets to know the facts better. Travesty I tell you. We want that will think on Wednesday the same they thought on Monday, no matter what happens in the world on Tuesday. (Shamelessly stolen from colbert)

mercurialshark 13y ago
Eh, sorta missing the point there, brah. He's not changing his position that Bitcoin is a farcical experiment. He trivializes every argument that favors bitcoin, therefore allowing him to save face. AKA he's justifying his dumb thoughts...
etherael 13y ago
No. This is like a religious fanatic retreating from a god of the gaps corner, but never considering the possibility that he might be fundamentally wrong. Of course I can show you irreducible complexity! Look, Eyes! No wait, that doesn't work, I mean blood clotting! No no no hang on, I mean flagella based molecular motors! Ok, look, that's wrong too, but I'm still right, just, look, let me get back to you on this, OK? Alright, good, are you there? Forget irreducible complexity. That's just hokum, but this will just knock you out of the park, are you ready? Ok, here; Bananas are clear proof of intelligent design! Hello? Where did you go? Why is nobody listening to me? Anybody? Bombardier Beetles!

trentmb 13y ago

What's the overlap between people with access to stable or reliable banking and stable or reliable power and stable or reliable internet access?

nawitus 13y ago
Majority of Africans own a cell phone, and they already use it for payments.
- trentmb 13y ago
  Man, you weren't kidding: http://en.wikipedia.org/wiki/Mobile_telephony_in_Africa#Current_situation http://en.wikipedia.org/wiki/Mobile_telephony_in_Africa#Curr... Just need to work on that blockchain size given GSM speed limits. EDIT: Apparently there are clients that don't need the full blockchain now?
  - Jayschwa 13y ago
    More on (existing) thin clients: https://en.bitcoin.it/wiki/Thin_Client_Security#Header-Only_Clients https://en.bitcoin.it/wiki/Thin_Client_Security#Header-Only_...