Topic: joining Niguel Roubini (intelligence challenge) (Read 291 times)

we have to just create an answer paper, it will nevertheless be though to defend bitcoin

we would have to create a telegram group for this

regards

His twitter page is very depressing to be honest. A lettered man like him being spiteful all the time in his regular communication. Surely he must have some benefit from the constant FUD. Otherwise, how can someone learned keep spewing malice like "crypto barking dog", "stinking cesspool", "brainless dwarf" etc.?

1. "bubble" sorry Nouriel but a bubble is not the fault of bitcoin. you even proved it yourself by mentioning other bubbles that happen in anything. bitcoin is not the fault or the cause. but infact the lack of financial knowledge taught at school or in life to prepare people to understand markets and how things work is the problem.

2. glorified spreadsheet.. sorry but fiat is a glorified spreadsheet with so many lack of rules to control how the numbers formulate. blockchain is code, rules and the data is just the background stuff. EG fiat is just the .xls file while blockchain is the .exe file.. yea there are many pieces of software that are not interesting or developed and people dont need to use it. but then there are revolutionary pieces of software, where what the software does is more important then the information within it.

3. crypto is not money.   actually you are correct. crypto is an asset. money is just digits that can be added or taken away by banks and institutions.
trying to make it sound like blockchain currencies not bing exactly like fiat is to miss the point, that point being is that fiat is not that great in the first place and something better is needed.
as for scaling. for 20 years fiat was not stable. each state had their own bank note the value was volatile. people in different states valued it at different values. heck even today a $10 bank note is work 1 hours minimum labour and another state valued at 1 hour 20 minutes minimum labour..
fiat is so volatile even in one state alone they cant agree..
"As of December 31, 2018: NYC large employers: $15.00; NYC small employers: $13.50; Downstate employers: $12.00; Upstate employers: $11.10."

3b. not scalable
blockchains are scalable. its not the fault of code or limitation of technology, the restrictions are caused by the politics of developers who have taken over and wanted to make a FIAT system pegged to some blockchains and then cripple blockchains to make the fiat-esq(LN channels: bank accounts) system more appealing by having those restrictions..

3c no barter
ill quote "Since the invention of money thousands of years ago, there has never been a monetary system with hundreds of
different currencies operating alongside one another. The entire point of money is that it allows parties to transact without having to barter. But for money to have value, and to generate economies of scale, only so many
currencies can operate at the same time."

you literally counter argued yourself. to have no barter the different currencies would need to operate alongside one another.
you literally counter argued yourself. for money to have value and generate economies of scale. only so many can operate.
i guess you dont realise the point i addressed above where a $10 has many values in just the NY state area. it can buy 10 loaves of bread in one town but only 7 loaves in another town... yep, one currency one state and needing to buy one product has so many inconsistencies of value

you move onto subjects of not allowing euro or yen in america as a main currency.. well thats politics. you then say how having no barter is good.. again politics.
having no barter is actually bad. for instance pricing people labour based on where they live does not allow the employe to barter the true value(skill) that worker can give. EG anyone can employ a person to fry burgers for $10 for 40 minutes(NYLE$15) but if one person can be lazy and only flip 1 burger a minute. and another can flip 4 burgers a minute. then barter should be good to reward the efficient burger flipper. instead of treating everyone at a lazy minimum salary

also alot of retail food goes to waste because shoppers see imperfect food and just ignore it and grab the perfect stuff because there is no barter to make a deal on the imperfect stuff.. even car showrooms are becoming anal by not really doing barter no more to throw in a few extra's into a car sales deal. i remember days where paying cash got you better deals, but now people paying with debt(credit/loan) has been the thing that can only excite a sales person into doing a lil extra. barter is a good thing

again fiat has shown to be unfair to people. valuation of value based on location. even when one currency is used. treating people the same without barter doesnt incentivise efficiency. barter has shown positives. EG promotions. but if the fiat system had no barter at all everyone would work at any level of authority for the same amount

What's the point of debating with someone who will flatly refuse to acknowledge anything other than their own point of view? He's clearly going to cling to it no matter what is screaming in his face. Someone like that should be wished well and left to squander their valuable life force in peace.

I'm reminded of that weirdo Jorge Stolfi who must've devoted 5-10 hours per day for several years to Bitcoin hate. What did it achieve? Fuck all. He's not getting that time and effort back either.

Apparently decentralisation = fascism now


He's losing it badly

This guy is like a real life alt-account of Peter Schiff. Both got famous for predicting 2008 crash. Both are anti-bitcoin with almost identical arguments, both are vocal when Bitcoin goes down more than 20% but are awfully quiet during up-trends.

I think that his name is Nuriel Roubini,not Niguel Roubini.
Debating against leftists/communists is pointless.They don't respect arguments and logic.
The ultimate weapon to beat the bitcoin haters like Roubini is one.Ignore them....

Yup. He has always been a crypto detractor no matter what the market does. Just putting this out there, this is Roubini in 2013: https://twitter.com/nouriel/status/324105305464131584 

What arguments do you have? What are you ready to take on and what kind of help do you need?

I scanned through his paper and see nothing that hasn't been discussed here ad nauseam: not a real money, no intrinsic value, a bubble. Beating a dead horse.

If he came up with something new then please post it here, otherwise I don't see why anyone would care spending time and posting an extensive rebuttal.

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Edit: related:
https://news.bitcoin.com/bitcoiners-shoot-down-roubinis-us-senate-testimony/

come on is this forum still just full of stupid "when moon" zombies or are here some, people around that can argue somthing and knows something about the world

Who joins the Intelligence Challenge against Niguel Roubini and his arguments against crypto to continue crypto-success in the future?

https://www.banking.senate.gov/imo/media/doc/Roubini%20Testimony%2010-11-18.pdf

https://twitter.com/Nouriel/status/1050371457384108032

there is also another tweet of him

where he claimed to have prepared a 30 page against crypto

https://twitter.com/Nouriel/status/1050367835321569280

someone strong enough to challenge him?

i would join/lead that argumentative battle, as i have good arguments for crypto against his point of view, but could use some support to write that papers, from others as its quite time consuming and i have not inifinite times, argueing with roubini

roubini is clearly an advocate of the risk averse communists in the global governments, and dealing with him publicly and without insults and attacks could help crypto a lot

so who joins?

regards