Re: Very interesting points on Bitcoin by a great Economist
A lot of what he says about Bitcoin is 100% true ..., most people enter bitcoin to make a profit, more and more bitcoiners are at a loss now so it is bad press, miners need to sell, regulation can be a problem for Bitcoin, a lot of bitcoiners are naive/romantic/unrealistic...
He's pushing for gold, but a lot of his arguments against bitcoin can easily be used against gold.
I've seen a couple of his videos/interviews and his major problem with BTC was that it is immaterial and have 'no intrinsic value', which is so dumb that not worth commenting.
Edit:
Also this:
...
now for the reverse psychology.
if he sells you HIS GOLD then its not because he loves gold and wants you to join his love for it. its because he wants to dump his hoard. also to note by accepting bitcoins, shows that HE WANTS bitcoins. why else swap gold for bitcoins unless he secretly prefers it.
now for the reverse psychology.
if he sells you HIS GOLD then its not because he loves gold and wants you to join his love for it. its because he wants to dump his hoard. also to note by accepting bitcoins, shows that HE WANTS bitcoins. why else swap gold for bitcoins unless he secretly prefers it.