A short contribution to the state of the bitcoin debate in Germany: a well-known investor and financial analyst, Dr. Andreas Beck, is of the opinion that bitcoin is exclusively a ponzi scheme that only idiots (quote) would even take note of. It is difficult to understand what has happened to the Germans in recent years, who are neither aware of the Islamic invasion nor the destruction of their core industries. But it's always like that in life: Ignorance is always punished just like boundless stupidity! Anyone in this country, and it is the majority, who still listens to pseudo-intellectuals and the mainstream media and follows their advice has only themselves to blame. They should know better now!
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People like this really make me want to vomit. Dunning-Kruger effect personified.
Overconfidence: The individual assumes their success in one domain equates to broader intellectual capability.
Blind Spots: They may underestimate the depth or difficulty of other fields.
Illusion of Superiority: They might believe they’re more capable than they actually are when stepping into areas outside their expertise.
Many of them like him simply keep spouting off in the media without having sat down for more than an hour to study bitcoin and how it's being used in the world. and the normies lap it up!
The level of arrogance is unchallanged. Typical fiat mind
quite common in classic economists. i was listening to a Russian one the other day and when someone asked if they should be keeping money in bitcoin instead of rubles (YES 100% THEY SHOULD) he was like , no bitcoin is a failed payment system because it can only process X transactions per second, but Visa can process X, thus bitcoin is a failure.
i was like, this is a leading media economist and he's not even mentioned final settlement and plucked this arbitrary metric. feel sorry for anyone who listened
I once had a penal debate with the president of the german Bundesbank and mentioned 2nd layer solutions and how real monetary systems are layered settlement systems. I can still hear the arrogant laughter of this stupid fuck. Next day I went to an ATM, payed the commission but bought kyc free and felt sooooo good
his income depends on him not getting it, the usual fiat hubris! kyc free all the way
Dr. NGMI
Dr. Andreas Beck holds his phd in staying poor.
Lol. Good one. He's a great bond guy too...
He sounds like the Charlie Munger of Germany.