pull down to refresh
47 sats \ 5 replies \ @stack_harder 17 Jan \ on: On the bitcoin debate in Germany bitcoin
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!
reply
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
reply
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