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RE: Nobel Economist Paul Krugman Hates Crypto, Saying 'Bitcoin is Evil', 'Set the Monetary System Back 300 Years' and is Headed for 'Collapse'
@krnel Always a joy to read your perspective on things. The fact of the matter is crypto is a fiat currency and absolutely gets it's value in exactly the same faith as any fiat does. Thus making Krugman's statements an exposure of the emperors not having any clothes.
Nice post!
If bitcoin has a limit supply, it's not entirely like fiat to just create it forever. Precious metals would be the ideal limited supply that requires work to go mine, yes? Thanks ;)