Post
Topic
Board Economics
Re: Nobel economist Krugman on bitcoin and crypto-currencies.
by
kiba
on 27/05/2011, 22:56:22 UTC
So somehow a group of 13000 or so forum users are effectively indulging in hivemind thinking when they reason that the economic model adopted by the entire world, with several documented records of horrible failure, is flawed?

At this point I'd rather be on the hivemind side...

It is a self-selecting effect because people adopt bitcoin if they think it will works. If you think the bitcoin deflationary model is bad, than that doubt might be enough to persuade you from using bitcoin.

Just like bitcoin wasn't invented until a cryptographer/programmer with no sense of mathematical of beauty wrote it. Maybe he does, but he was far more pragmatic than most cryptographers.