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Topic: [2013-12-28] New York Times (Paul Krugman's blog) : Bitcoin is Evil - page 2. (Read 6306 times)

legendary
Activity: 1988
Merit: 1012
Beyond Imagination
I'm more and more convinced that this guy was bought by the central bankers, especially the swedish riksbank who gave him 1 million dollar price money Wink
legendary
Activity: 3430
Merit: 3074
When I read that article, I could not believe that words and quotes like that would ever be written by a Nobel laureate. 

"I'm really good at killing people" Barack Obama, Nobel Peace Prize Winner 2009
legendary
Activity: 1162
Merit: 1007
I am extremely pleased to read such articles by Krugman, being a Nobel laureate, he deigned to come up with so many posts about Bitcoin only shows how panic he is with it. I know you are shaking in your boots Paul, you sense that something inevitable is coming and you are desperate.

When I read that article, I could not believe that words and quotes like that would ever be written by a Nobel laureate.  It almost seems that he is feeling genuinely threatened, which actually blows my mind.  We have two other threads analyzing his post in more detail:

https://bitcointalksearch.org/topic/bitcoin-will-not-attackfightetc-central-banking-and-fiat-currency-389565

https://bitcointalksearch.org/topic/why-i-dont-listen-to-paul-krugman-or-anyone-that-says-the-internet-is-a-bubble-389545
sr. member
Activity: 868
Merit: 250
Essentially Krugman says, any kind of money, which is not government money, is evil.
hero member
Activity: 784
Merit: 1000
I am extremely pleased to read such articles by Krugman, being a Nobel laureate, he deigned to come up with so many posts about Bitcoin only shows how panic he is with it. I know you are shaking in your boots Paul, you sense that something inevitable is coming and you are desperate.
hero member
Activity: 658
Merit: 500
Small Red and Bad
Now after reading it, I am disappointed because he didn't really explain why he thought it was "evil."  He just made one reference to bitcoin being a tool to escape central banking and limit the government's ability to monitor its citizens' financial transactions and collect taxes.  He then said he "doesn’t like that agenda" but didn't really explain how such an agenda was "evil."
That's exactly why BTC is important, good and supported by the people. If there's anything evil in this world it's the banking system. Govermental control is good? How can he even look in the mirror after talking such bullshit.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Hit piece by the paid mouthpiece ... the tools of his tyranny are becoming ever so transparent.

noble prize, not.

Krugman is Evil

"Do no Evil" - Google
newbie
Activity: 42
Merit: 0
I mean, what's the point on writing a meaningless (yes it's meaningless, no explanations given on most part) title Bitcoin is Evil?
He probably doesn't even know that a blockchain exists and that's what "backs" bitcoin.
legendary
Activity: 4060
Merit: 1303
Bitcoin is a tool for freedom. The ones who oppose it have their motivations clearly displayed. 
hero member
Activity: 503
Merit: 501
SWEET! The N.Y.TIMES allows one to actually TWEET comments INSTEAD of the article!!!

Skip the article, tl/dr, go to comments, locate Jim H from Waco, read it, and Tweet the comment NOT the article.  Cool
legendary
Activity: 1078
Merit: 1003
Isn't this the fellow who praises the welfare state?  It should come as no surprise that a villain would paint a vehicle of good as evil; of course bitcoin would be harmful to men such as he.
sr. member
Activity: 896
Merit: 272
Undeadbitcoiner Will not DIE until 1BTC=50K
BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions.

I think its his Lack of Education and Information about Bitcoin you need to start from the point in time or space at which something starts.
hero member
Activity: 574
Merit: 501
Please bear with me
Now, "Conscientious Liberal" Paul Krugman is really pissed off...  Roll Eyes
legendary
Activity: 1400
Merit: 1009
A glorious antidote to the bile from Krug-I-am-an-idiot-Man.

http://www.krugmaniswrong.com/

Hopefully there will be a rebuttal of the latest idiocy.
I have it on good authority that Stefan Molyneux will be taking on Krugman and Stross in a combined rebuttal.
legendary
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
A glorious antidote to the bile from Krug-I-am-an-idiot-Man.

http://www.krugmaniswrong.com/

Hopefully there will be a rebuttal of the latest idiocy.
member
Activity: 64
Merit: 10
Well...

I propose that the writer is in bed with the fed right now.  Wink
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Kk thx for the info bai.
legendary
Activity: 1400
Merit: 1009
The "agenda" which Krugman and Stross don't like is the hoi polloi are tired of having their purchasing power stolen by central planners and are starting to realize they don't have to put up with it any more.
legendary
Activity: 4060
Merit: 1303
Regarding why he thought it was evil, I think this part was what the title referred to:

Quote
BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions.

Krugman is an authoritarian statist at heart who wants to "monitor" citizens financial transactions and thinks that is a good thing!  When the state has the power to monitor, it means control and that is their goal.

I find it very telling that the article quotes that part saying that Bitcoin is "intended to damage central banking and money issuing banks".  If he and his masters were not worried about the potential, he would not be obsessing about Bitcoin (or BitCoin as he says - he probably calls the Federal Reserve the "FED" too) repeatedly over the last year.

Krugman et al know that their games that they play with paper money are being exposed by technology and don't like it because it ruins their plans to monitor and control the rest of us.

legendary
Activity: 4060
Merit: 1303
Doubt the NYT will show this comment:
Someone who can't even get "BitCoin" correct as "Bitcoin" or "bitcoin" (see the wiki) wants to be believed about all the other stuff?  Paul, you don't just miss the little stuff, you are missing the big picture.  The bitcoin blockchain answers a large theoretical question in Computer Science, provides nearly instant, nearly frictionless transfer around the world.  Hint: Bitcoin could have much more impact on commerce than the fax machine (and internet, lol) did.

Since Krugman thinks the second to last paragraph in his column is a good way to encourage polite discussion, I suspect that Krugman likes Keynesian economics because it pushes his big government, central bank, inflation loving, control-freak fetish which pleases his masters in government.  
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