> In fact, it is the most overhyped – and least useful – technology in human history. Oooh that's a big claim. There were a LOT of overhyped technologies in human history
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Hillel, you know we're now all waiting for the mighty twitter thread listing a lot of overhyped technologies in human history.
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ugggggggh are we talking valid technologies that were super overhyped or also hoaxes like etheric motors
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There's probably six tweetstorms possible on just the history of perpetual motion alone
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He's been Taleb-level apoplectic about it on Twitter lately.
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Remember Paul Krugman argument about the net slowing down in 2005 or that total sales of the net won't be greater than fax machines?
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Maybe cuz of social media but it feels like there are a lot more bitcoin zealots than internet zealots.
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Not sure what your point is
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I don’t recall that many pro-internet zealots. It feels like it was organic. With bitcoin/crypto, many sound like it’s the second coming of Christ. So we have the haters here and there, and the zealots pounce on them.
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May be if we have a time machine we can take a trip to 1995. I guarantee you there were as many Internet zealots but they were harder to find due lack of social media. But forums, chat rooms, even good old BBS were full of them
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Efficiency criteria critique! Transaction cost in crypto are grandeur and yuuge.
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Does anyone think this guy is trying to stay relevant?
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> Apparently, blockchain fanatics would have us put our faith in an anonymous cartel subject to no rule of law, rather than trust central banks and regulated financial intermediaries. Roubini fundamentally misunderstands how distributed ledgers work.
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Where is the lie tho
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