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29 sats \ 1 reply \ @SimpleStacker 4 Feb \ on: Fama: Bitcoin is Dead (Promarket/Capitalisn't) econ
Unfortunately, I think Fama is just becoming a bit ridiculous in his old age.
Plenty of academic articles using traditional monetary models have demonstrated that something like Bitcoin can exist and trade at a non-zero exchange rate, i.e. this one: #734528, or this one: #745057
Saying it poses a threat to economic principles is undermining his own profession (and mine), and I won't tolerate it!
Mainstream economics has many problems, but the existence of bitcoin is not one of them.
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30 sats \ 0 replies \ @denlillaapan OP 4 Feb
precisely.
He's just done for. We appreciate his work, and the articles he wrote in the 1970s-1990s were excellent. What he says today is emphatically not what we measure his contribution to humanity for :)
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