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486 sats \ 4 replies \ @grayruby 14 Jun \ on: Nobel Prize-winning economist: Bitcoin will be worth nothing in 10 years bitcoin
Haha. He wants Bitcoin to go bust so he doesn't have to face the fact his life's work has been a sham. At least he admits it.
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46 sats \ 0 replies \ @denlillaapan 14 Jun
Yeah, and he's remarkably accurate: if bitcoin is money, a lot (he says "all" but that's pushing it) of monetary economics goes all the window.
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50 sats \ 0 replies \ @SimpleStacker 14 Jun
I don't actually agree, I'm not even sure what monetary theory he thinks needs to be thrown out... there's plenty of neoclassical models that show non zero equilibrium price of a bitcoin-like asset... I've covered some of them in previous posts
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10 sats \ 1 reply \ @siggy47 OP 14 Jun
Yep. That's exactly it. At least he can keep shining that Nobel medal, which is probably made out of aluminum.
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46 sats \ 0 replies \ @grayruby 14 Jun
#988985
It is actually pretty valuable as far as trophies go.
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