First there's this...
There's no stupid like "Supposedly smart people who think they've invented a brilliant new way to do something simple" stupid. https://t.co/nS88xogBSm— Bob Chipman #RehireJamesGunn (@the_moviebob) February 5, 2019
Then there's this.
Final word from Brad Delong.More on Ferguson-blockchain. Somehow I missed the story of John Taylor going into a crypto venture that promptly failed 1/ https://t.co/MXssWLrQvx— Paul Krugman (@paulkrugman) February 8, 2019
The highly-estimable FT Alphaville has long had a series: This is nuts. When's the crash?. That is my reaction to learning that Hoover Institution senior fellows are now crypto...
It is not at all clear to me whether they are grifters or griftees here...
I had known about John Taylor, but had thought that was a strange one-off. And now Niall Ferguson. Is anybody even pretending to have a business model other than pup-and-dump?
One thing I don't understand so well is the connection between cryptocurrency and political ideology. Bitcoin is popular among conservatives, seemingly more so than other money things like stock markets, Cadillacs, etc.
ReplyDeleteMainly seems to be a libertarian thing. Appeals to the same crowd as seasteading
DeleteBlockchain in Wealth Management The Blockchain is the underlying technology that will certainly produce the next-generation net: a change from a web of information exchange to the internet of value exchange. Blockchain Technology is increasingly taken into consideration a disruptor to the status throughout sectors, and the wide range management industry is no different.
ReplyDelete