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135 sats \ 1 reply \ @Undisciplined 6 Jun \ on: Pleb Economist #7: Talking Bitcoin with academic economists econ
I don't think this has been sufficiently grappled with. It's not something I worry about, but it is something that still needs to be worked out. I would have responded with something about how the principle-agent literature is pretty robust and bitcoin doesn't present any problems that haven't been considered already.
Really? You can transfer a million dollars with only one dollar of fees in ten minutes through VISA? I do not believe that to be true.
It's tough to have these conversations with people who have such varied expertise and concerns. The responses they need probably require some actual technical work and research, which is tough to do in a conversation. Still, it's always good to find the edges of our own understanding.
Really? You can transfer a million dollars with only one dollar of fees in ten minutes through VISA? I do not believe that to be true.
I guess academic economists don't care about that because they don't have a million dollars to transfer :D
It's tough to have these conversations with people who have such varied expertise and concerns. The responses they need probably require some actual technical work and research, which is tough to do in a conversation. Still, it's always good to find the edges of our own understanding.
Yeah. I wasn't able to satisfactorily answer all their questions, but they weren't able to deny some of the advantages of Bitcoin that I brought up either.
All in all, I think they were pleasantly surprised by their interaction with a genuine bitcoiner. One of them, who used to work at the SEC, said it would've been useful for them to hear someone like me defend it. I asked him "Were there no Bitcoin defenders at the SEC?", and he said there were none in his group.
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