Ideas are ideas. They don't have to be original. In fact they never are. I'm saying that the consumer has no insentive to use bitcoin. That's all. It's a fascinating tool that got caught up in a speculative bubble. The dollar doesn't crash on a daily basis
You may say that consumers have no insentive (sic) to use bitcoin.
Consumers may disagree.
We can debate theories as to why this is true, and what incentives consumers may have, but it is never the less true that they are increasingly using bitcoin transactionally.
Economists tend to work for governments, state universities, or depend on grants from government. There are few governments that have figured out how great bitcoin and its openness are for their interests, so we should expect them to be behind the curve.
They will catch up, once they can observe and make theories after the fact. Give them a few years, the game is changing out from under them.
Obviously no one is worried about economic collapses, bank failures and such. Certainly not someone who has worked for the government most of his life, handled foreign relations, counter-terrorism intelligence, best selling author, and consults for and with the 5 eyes regularly.
Or can we?
https://www.youtube.com/watch?v=tQBia1Mw9Vw
Huh, I guess we can. Maybe you'd better go let him know how crazy he is.
