Nobel Prize Laureate Paul Krugman (man who in contrast the web to a fax machine) Warns of an Everlasting Winter for Blockchain
Nobel Prize Laureate Paul Krugman (man who in contrast the web to a fax machine) Warns of an Everlasting Winter for Blockchain
Why make one legendarily bad assertion when you can make two legendarily bad assertions?
I’d like to see him operate an iPhone before I listen to his technological advice.
The kind of attention this gets is amazing for those who want attention. They see how many times such an article is repeated on various news outlets and that just fuels more people to regurgitate more shit
They may be smarter than the majority of us but also Nobel prize holders don’t know shit about fuck in Crypto.
He was wrong before and he is gonna be wrong again
Grandpa got out again
He’s a columnist for the NY Times so I guess it’s a case of ‘who pays the Piper calls the tune’
there is only one thing in this world that is eternal and it’s not the crypto winter.
Inverse Krugman..when?
Leave the things you don’t understand alone old man
Just goes to show that having a Nobel doesn’t mean you are correct all the time
Even Nobel prize winners make a boo boo
Fax machine go beep boop. Sounds like an inverse waiting to happen.
ok lads, this right here is the biggest buy signal of the whole season.
How about those interwebs, Mr. Krugman?
Another classic example of boomers getting mad at things they don’t understand
Alright Paul let’s get you to bed now..
Next up he’s gonna say “bitcoin is a fax machine”
He’s a really smart guy. I do think he’s wrong about this one
The typical guy that is always looking for a fight.
Eternal winter = more eloquent way of predicting Bitcoin’s death for the 500th time?
If anyone aged 50 years or more talks about crypto, you better get ready for some BS, even if it’s nobel laureate or a billions of dollars hedge fund manager.
When people talk to Krugman they are always either trying to explain how the technology works or argue with him about libertarian goals. I wish someone capable would sit down with him and explain the ways in which blockchains enable general new modes of interaction among parties and how that could expand the realm of economics. Cryptography gave us a way to represent identity and now blockchains built on top of them give us a way to achieve a consensus of shared state. It’s a fundamental building block that isn’t just about money or even things like money. Krugman is a smart guy who is just (as much of the world is) seeing the worst applications of the technology first: ponzi schemes and nonsense.
So much street cred
tldr; Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. He compared it to the Fimbulwinter, a winter that precedes the end of the world according to nordic mythology. Krugman also criticized Bitcoin’s raison d’être, stating that “banks rarely steal their customers’ assets”
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Can somone fax me a Bitcoin?
Noble prize has no prestige anymore