If you think 2020 couldn't get any weirder - page 2.

Casdinyard

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Quote from: mk4 on November 08, 2020, 10:27:21 PM

Quote from: jackg on November 08, 2020, 10:16:34 PM

Maybe "random economist recognises bitcoin as a partial store of value".

You're technically correct, but what makes this news special is that(you probably already know this, but for those who doesn't know Roubini..) this "economist" has been pretty much shitting on Bitcoin for years now. Hence why this slight "compliment" is really really unexpected.

https://www.cnbc.com/2018/10/11/roubini-bitcoin-is-mother-of-all-scams.html

I appreciate the information. Well, if that's the case, things might have changed in his perceptions regarding Bitcoin. But this might be due to what is happening recently in its price. More likely, other people are also looking forward with Bitcoin at this moment. Those who were hesitant to invest before might be considering to engage right now. And to some, slight regrets of doubting its capabilities to have a higher market price, because their profit would be bigger by now if they have invested when the price was still below $10k. Going back with him, his negative claims might again come up once downfall in its price occur. These people might not be that aware of this technology's nature.

NeuroticFish

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Quote from: davis196 on November 09, 2020, 01:31:01 AM

What the hell is a "partial store of value"?A financial asset IS a store of value,or it isn't.There's no "partial".

This is the way of telling "I was wrong until now, but I will not say it loudly yet" Cheesy

Wasn't this ... economist... also calling Bitcoin a shitcoin too?

All it took was to have other companies' economists have faith in Bitcoin so this guy can follow them? Wink

Well, I guess that although some thought that he's a trend setter, he's just part of the institutional herd. Just smart enough to be part of the first wave(s).

davis196

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What the hell is a "partial store of value"?A financial asset IS a store of value,or it isn't(if it can't serve as a store of value,then it can't be called a financial asset).There is no "partial" in the equation.
Bitcoin has proven over the years that it can successfully serve as a great store of value,even though it's still very volatile and risky.I like how he shits over shitcoins.We don't need shitcoins anymore. Grin

Roubini hasn't yet jumped in the crypto lover's wagon,but even he admits that Bitcoin can be useful.
All the FUDsters might turn into BTC believers one day. Grin

mk4

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Quote from: jackg on November 08, 2020, 10:16:34 PM

Maybe "random economist recognises bitcoin as a partial store of value".

You're technically correct, but what makes this news special is that(you probably already know this, but for those who doesn't know Roubini..) this "economist" has been pretty much shitting on Bitcoin for years now. Hence why this slight "compliment" is really really unexpected.

https://www.cnbc.com/2018/10/11/roubini-bitcoin-is-mother-of-all-scams.html

jackg

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https://bit.ly/387FXHi lightning theory

Maybe "random economist recognises bitcoin as a partial store of value".

Anyway, i imagine a lot more might start turning in this direction of thinking it might be usable as a store of value. All some economists had was "if you have to keep pricing it against the dollar it's not a real currency" which invalidates every currency as a currency that isn't the dollar...

mk4

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“It may be a partial store of value because unlike thousands others (what I call s***coins) it cannot be so easily debased because there is at least an algorithm that decides how much the supply of Bitcoin raises over time.”

Yeap. Though this dude's still calling Bitcoin "not centralized" and such, quite weird seeing dudes like him actually giving bitcoin at least a bit of recognition.

P.S. Sorry for the bad title. I'm just too baffled.

https://u.today/nouriel-roubini-recognizes-bitcoin-as-store-of-value

Topic: If you think 2020 couldn't get any weirder - page 2. (Read 327 times)