Topic: [2014-03-10] Economist Nouriel Roubini Declares Bitcoin a Ponzi Scheme (Read 1056 times)
March 11, 2014, 07:17:48 AM
I really wish one of these economists would point out investments that have a better store of value. He says bitcoin has a "lousy" store of value, but what about the dollar? Sure, on a short time frame of weeks or months, the dollar holds it's value relatively well. But on the scale of years, dollars are guaranteed to lose value. Plus, there's a risk that the Fed could screw up and tank the dollar even more rapidly. I don't know why anyone would keep fiat cash in their bank account greater than what they need for the next six months, or a year tops. So I'd gladly take a higher risk investment that has potentially huge gains instead of one that is guaranteed to lose slowly.
March 11, 2014, 04:13:55 AM
don't believe bearish economists! 
March 11, 2014, 04:04:12 AM
"Keynesianism is the cult of a government sanctioned Ponzi scheme."
Sour grapes seems to be the favourite dish of the cult when Bitcoin was passed over.
This is a case of 'sour grapes'. That is, since he didn't plant the grapes and he can't have any of the grapes, they simply must be sour.
His lack of vision firmly implants him in the past. Nouriel, welcome to the has-beens-club. You ranted and raved and pounded on the table and absolutely NONE of your proposed reforms has been given anything more than a nod.
Bitcoin comes along and realizes that if the old rules are as corrupt as Nouriel Roubini says they are, why even bother playing by the old rules at all?
This is a new game Nouriel and you get to warm the bench.
His lack of vision firmly implants him in the past. Nouriel, welcome to the has-beens-club. You ranted and raved and pounded on the table and absolutely NONE of your proposed reforms has been given anything more than a nod.
Bitcoin comes along and realizes that if the old rules are as corrupt as Nouriel Roubini says they are, why even bother playing by the old rules at all?
This is a new game Nouriel and you get to warm the bench.
couldn't have said it better myself
Just add this:
"LOL, Keynesianism is nothing else than the religion of a government sanctioned Ponzi scheme."
and it's even better.
March 11, 2014, 12:30:31 AM
Quote
It is difficult to get a man to understand something, when his salary depends upon his not understanding it.
We could/should use that quote frequently to reply to lame, uninformed BTC articles.
March 10, 2014, 11:01:46 PM
Quote
It is difficult to get a man to understand something, when his salary depends upon his not understanding it.
March 10, 2014, 10:52:30 PM
This is a case of 'sour grapes'. That is, since he didn't plant the grapes and he can't have any of the grapes, they simply must be sour.
His lack of vision firmly implants him in the past. Nouriel, welcome to the has-beens-club. You ranted and raved and pounded on the table and absolutely NONE of your proposed reforms has been given anything more than a nod.
Bitcoin comes along and realizes that if the old rules are as corrupt as Nouriel Roubini says they are, why even bother playing by the old rules at all?
This is a new game Nouriel and you get to warm the bench.
His lack of vision firmly implants him in the past. Nouriel, welcome to the has-beens-club. You ranted and raved and pounded on the table and absolutely NONE of your proposed reforms has been given anything more than a nod.
Bitcoin comes along and realizes that if the old rules are as corrupt as Nouriel Roubini says they are, why even bother playing by the old rules at all?
This is a new game Nouriel and you get to warm the bench.
couldn't have said it better myself
Just add this:
"LOL, Keynesianism is nothing else than the religion of a government sanctioned Ponzi scheme."
and it's even better.
March 10, 2014, 09:33:37 PM
LOL, Keynesianism is nothing else than the religion of a government sanctioned Ponzi scheme.
March 10, 2014, 05:02:04 PM
I wonder if he genuinely believes his story or he's been paid to say it. Guess we'll never find out.
March 10, 2014, 04:55:47 PM
This is a case of 'sour grapes'. That is, since he didn't plant the grapes and he can't have any of the grapes, they simply must be sour.
His lack of vision firmly implants him in the past. Nouriel, welcome to the has-beens-club. You ranted and raved and pounded on the table and absolutely NONE of your proposed reforms has been given anything more than a nod.
Bitcoin comes along and realizes that if the old rules are as corrupt as Nouriel Roubini says they are, why even bother playing by the old rules at all?
This is a new game Nouriel and you get to warm the bench.
His lack of vision firmly implants him in the past. Nouriel, welcome to the has-beens-club. You ranted and raved and pounded on the table and absolutely NONE of your proposed reforms has been given anything more than a nod.
Bitcoin comes along and realizes that if the old rules are as corrupt as Nouriel Roubini says they are, why even bother playing by the old rules at all?
This is a new game Nouriel and you get to warm the bench.
couldn't have said it better myself
March 10, 2014, 04:24:03 PM
This is a case of 'sour grapes'. That is, since he didn't plant the grapes and he can't have any of the grapes, they simply must be sour.
His lack of vision firmly implants him in the past. Nouriel, welcome to the has-beens-club. You ranted and raved and pounded on the table and absolutely NONE of your proposed reforms has been given anything more than a nod.
Bitcoin comes along and realizes that if the old rules are as corrupt as Nouriel Roubini says they are, why even bother playing by the old rules at all?
This is a new game Nouriel and you get to warm the bench.
His lack of vision firmly implants him in the past. Nouriel, welcome to the has-beens-club. You ranted and raved and pounded on the table and absolutely NONE of your proposed reforms has been given anything more than a nod.
Bitcoin comes along and realizes that if the old rules are as corrupt as Nouriel Roubini says they are, why even bother playing by the old rules at all?
This is a new game Nouriel and you get to warm the bench.
March 10, 2014, 04:11:12 PM
Ladies and Gentlemen... here's another as*hole who doesn't understand what ponzi scheme is 
https://coinreport.net/nouriel-roubini-ponzi-scheme-bitcoin/
https://coinreport.net/nouriel-roubini-ponzi-scheme-bitcoin/
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