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Maybe these publications are hesitant to comment because they realize they're not economists. They write and think about products. If we concede for the momen
by jordanpg 12y ago
Maybe these publications are hesitant to comment because they realize they're not economists. They write and think about products. If we concede for the moment that, as product, Bitcoin is sound then we are left with what Bitcoin's role in the economy is. This is uncharted territory and lots of people have already been burnt being overly optimistic or pessimistic about them. But no one knows.
Because of this uncertainty, Bitcoin has had a major PR problem since the moment it went mainstream. And since the perceived value of a (quasi-)fiat currency means a lot, it has been a net negative for the future of Bitcoin. It has suffered under the weight of tremendous doubt, however slight.