Post
Topic
Board Economics
Re: Transactions Withholding Attack
by
AnonyMint
on 03/12/2013, 10:15:49 UTC
Why do you think they are bullshit? I read them multiple times and I came to the opposite conclusion.

I can't speak for MoonShadow, but for me they seemed like a combination of "difficult to digest" with "mediocre conclusions." Once I managed to process what his words were trying to say, the thing he was actually saying wasn't all that impressive, which only made it all that much more disappointing. Plus he still made some claims I find questionable. This is about his economic writings though.

Economics is inherently difficult to falsify thus contention can reign.

His economic writings are bullshit.

Economists can say what ever they want, because it is very difficult to prove them wrong in a way that shuts them up. They will always find believers for their snake oil.

Yet Bitcoin is different...

Quote
Seems to me that he is not out of his league at all in fact I think he is holding his own rather well.

He may not be out of his league in economics, but you can't become and expert in economics, and then just claim that you are an expert in Bitcoin. The technology, and the way bitcoin actually works, is clearly out of his league. But instead of recognizing that, taking other's information into consideration, and actually learning about it, he seems convinced that, because he is so smart and is an expert in one field, that he is an expert in Bitcoin and understands it better after two weeks than the people who have discussed it for over two years. Note, this is the same mistake that a lot of economists have been making when they were writing news articles bashing Bitcoin.

Two weeks? Six months at least.

And it doesn't matter what you think. The proof will be clear soon.