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32 sats \ 4 replies \ @TomK OP 17 Jan \ parent \ on: On the bitcoin debate in Germany bitcoin
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
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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