I didn’t anticipate the political twists and turns of the past few weeks, but then, who did? One thing I do blame myself for not seeing coming, however, is the extent to which this has become a crypto election.
Six years ago I argued that Bitcoin and other cryptocurrencies served no useful purpose, that their market value rested on nothing but “technobabble and libertarian derp.” I stand by that judgment, which has actually been reinforced by the passage of time.
But I didn’t foresee how big a deal crypto would nonetheless become — not because it would fulfill its promise of replacing conventional money, which it hasn’t and never will, but because it has become a powerful force that is, among other things, warping our politics.
The eternal conflation of crypto and Bitcoin...
Hmmm
No need to "hmmm", let's just say it: Krugman is writing about things of which he has no knowledge. Disgraceful, for someone purporting to be an academic
Lots of academics suffer from that syndrome. As soon as they get out of their comfort zone of year-long expertise, they still think of themselves as experts, yet don't realize their ignorance.
This. He would have been better off asking ChatGPT to write the article for him.
Ha!
This gentleman has proved more than enough that he doesn't understand technology. He's like a comedy show.