I've called Bitcoin "an integer with a story", and the story part is what differentiates it from purely speculative bubbles like Beanie Babies. But I think that dynamic is more complicated and subtle than Krugman gives it credit for. There are layers!https://twitter.com/paulkrugman/status/1395073993967816705 …
-
-
On an artistic level, a currency that you can't trade, safely store, or buy things with, and a store of value that becomes instantly illiquid in any crisis, is a high achievement. And of course NFTs where you burn actual art after putting it on the blockchain make it next level
Show this thread -
The right way to think of cryptocurrency is not as a bubble, but a blister. It will just keep re-filling every time it pops, until we find a cure for the underlying problem.
Show this thread
End of conversation
New conversation -
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.