If Bitcoin fans think it's easy for workers to "adjust to a world in which their paychecks shrink, so long as their money grows in value even faster," they need to explain why that didn't happen in 2008-9, or 1930-33! https://reason.com/archives/2018/07/22/bitcoin-standard-ammous-blockchain-gold#comment … @DavidBeckworth @NickSzabo4
-
-
As Director of Cato's Center for Monetary and Financial Alternatives, given your skepticism of Bitcoin, and presumably other cryptocurrencies, which monetary alternatives are you excited about?
3 replies 3 retweets 36 likes -
Although I have doubts about Bitcoin (or anything else) displacing fiat, and so often write about possible fiat reforms, I also oppose any government policies that interfere w/ the greatest potential flourishing of Bitcoin and other private-market alternatives to govt currencies.
3 replies 1 retweet 17 likes -
That doesn't answer my question. Which monetary alternatives are you most bullish on, if not Bitcoin? Which has the best chance of displacing fiat?
2 replies 0 retweets 24 likes -
I honestly don't know. It could be that right now Bitcoin has the best chance, though not (IMHO) a very good one.
4 replies 1 retweet 8 likes -
Replying to @GeorgeSelgin @bitstein and
What does it take to be wrong, George?
2 replies 0 retweets 0 likes -
Replying to @Kediri_020 @bitstein and
Now, ask the HODLers what will prove them wrong!
4 replies 0 retweets 2 likes
Ask the central bankers what will prove them wrong.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.