Topic: Bitcoin, Magical Thinking, and Political Ideology (Read 692 times)
Reading articles like this really confuse me. The guy seems really intelligent, but there is a glaring problem with his article. It focuses on Bitcoin! Bitcoin technology...I repeat, the technology, not Bitcoin itself...is a breakthrough capable of massive changes to aspects of our lives that can't even be fathomed yet. He ignores this and instead focuses on the "glaring" flaws of Bitcoin. Any investment in Bitcoin is also an investment in it's technology and the future of it (in exception of buying and selling bitcoins...that is purely an investment for profit). Bitcoin may fail but the technology behind it will never die. If Bitcoin dies...which I don't believe it will...it will be reborn over and over again until it is perfected.
True, which is probably why the whole thing could be summarized by saying "Bitcoin does poorly as an online version of a brick and mortar bank"
don't forget the "according to some randome keynisian who used to work as chief IT of a insignificantly small bank which has no brick and mortar experience" 
Keynsian banker does not like Bitcoin. Criticizes all of the lack of keynsian banking provided by Bitcoin.
He is a banker? I was wondering who that mouthbreather was.
"I was previously CTO at online banking service"
Online banking service... isn't that one of those tiny banks that can't afford an actual brick and mortar branch?
Also apparently he was fired. And if I understand the term CTO correctly from wikipedia, it means he was their chief IT, not an actual banker.
True, which is probably why the whole thing could be summarized by saying "Bitcoin does poorly as an online version of a brick and mortar bank"
Keynsian banker does not like Bitcoin. Criticizes all of the lack of keynsian banking provided by Bitcoin.
He is a banker? I was wondering who that mouthbreather was.
"I was previously CTO at online banking service"
Online banking service... isn't that one of those tiny banks that can't afford an actual brick and mortar branch?
Also apparently he was fired. And if I understand the term CTO correctly from wikipedia, it means he was their chief IT, not an actual banker.
Keynsian banker does not like Bitcoin. Criticizes all of the lack of keynsian banking provided by Bitcoin.
He is a banker? I was wondering who that mouthbreather was.
"I was previously CTO at online banking service"
Keynsian banker does not like Bitcoin. Criticizes all of the lack of keynsian banking provided by Bitcoin.
He is a banker? I was wondering who that mouthbreather was.
Keynsian banker does not like Bitcoin. Criticizes all of the lack of keynsian banking provided by Bitcoin.
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