Post
Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
JaredR26
on 27/03/2017, 20:23:32 UTC
He could possibly be a disinformation agent but you are incorrect to state that he is not responding to your arguments with sound logic.

He is an academic who is pointing out some economic theory.

Dude, I read his posts in this thread from the start.  For every 5 times he claims to be citing theories(and that no one else is / no one but his position does science properly), he actually cites his own comments twice and maybe links to something else once or name drops once.  When he does link elsewhere or name drop, he doesn't explain how their writing relates to his, what conclusion he is pushing or what specific point he is referencing.  It is a garbage throw-shit-at-everything debating strategy.  His strategy works really well for young earth creationists and 9-11 truthers.

He has some valid points, but his mistake is he thinks unregulated fractional reserve banking is not a massive bankster fraud. He doesn't seem to understand how the banksters were able to manipulate the USA economy in the 1800s under the very laissez faire system he is advocating. He thinks competition would somehow violate the power-law distribution of banker power and control.  Roll Eyes

That's only one of the points he has thrown out, and I don't think either of you could provide conclusive evidence to convince the other, nor could either of you convince me.  From what I have read, macroeconomics is heavily laden with bullshit (on all sides) and effectively boils down to a Rorschach test whenever it deviates from game theory questions or microeconomic evaluations.  And yes, that statement is based upon research findings comparing the popularity of macroeconomic theories versus time periods and politics at that time.  Your statements about unregulated fractional reserve banker fraud make me wonder if you either have a mostly-inapplicable definition of "unregulated" (compared to the modern day), or else are a conspiracy theorist.

It doesn't matter, I'm not saying you're wrong either.  Almost none of that dispute substantially relates to the discussions of Bitcoin at hand, as far as I can tell.  And I don't care for either argument, though I do appreciate that you are far more rational and polite than he is, so thank you. Smiley