Paul Krugman Is Having a Bitcoin Moment \ stacker news ~bitcoin

Paul Krugman Is Having a Bitcoin Moment www.coindesk.com/consensus-magazine/2023/03/08/paul-krugman-is-having-a-bitcoin-moment/

407 sats \ 8 comments \ @shadowymartian 9 Mar 2023 bitcoin

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13 sats \ 0 replies \ @ek 9 Mar 2023

And Venmo isn’t just any centralized payments tool: It’s one of the worst out there from a privacy perspective. Venmo sets new users’ transactions and notes to display publicly, by default, as part of its broader, deeply misguided goal of being a kind of social network for payments.

“We make it [public by] default because it’s fun to share [information] with friends in the social world,” a Venmo representative told CNET in 2021. “People open up Venmo to see what their family and friends are up to.”

lmao, can't make this shit up

0 sats \ 0 replies \ @kepford 10 Mar 2023

lol, gonna take a lot more than getting locked out of an app for Krugman to admit he was wrong. That dude has some pride.

0 sats \ 0 replies \ @faithandcredit 9 Mar 2023

If i woke up tomorrow and Krugman was openly a bitcoin supporter or whatever i wouldnt even be mad

0 sats \ 3 replies \ @039e7a238d 9 Mar 2023

Krugram is a pre-coiner. He'll be HODLing for sure after buing some cocaine online.

21 sats \ 2 replies \ @SqNr65 9 Mar 2023

I don't think so. Krugman is 70 years old. This means 2 things; 1: his beliefs are basically set in stone. Old people are less likely to change their minds about anything, let alone the thing they've practiced their entire career. If decades of being wrong about things already haven't made a dent in his way of thinking, Bitcoin, which flies in the face of the most fundamental and deeply held axioms of his entire understanding of economics, has 0 chance of getting thru. 2: even if it did, it would take years, decades more. His lifespan will run out before he catches up.

Krugman is the most stubborn of all Keynesians, and the most Keynesian of them all. Bitcoin is Austrian economics incarnate. I don't see him ever owning a single Satoshi.