Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
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Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
1–10 of 103 posts
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#2Are all currencies ponzi games?
Seems to me that the deciding factor is: what percentage of Bitcoin's transactions are actual transactions for actual goods and services vs. what percentage are transactions related to speculation on Bitcoin itself. That is very hard to measure, especially since at least a double-digit percentage of transactions belong to the illicit economy.
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#3Pretty much all these objections boil down to "it's new and not many people are using it yet."
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#4TL;DR: Man spends 5 minutes thinking about Bitcoin on a plane and comes to conclusions which may or may not be correct. Shares them with people because he is super duper important.
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#5Are all currencies ponzi games? Seems to me that the deciding factor is: what percentage of Bitcoin's transactions are actual transactions for actual goods and services vs. what percentage are transactions related to speculation on Bitcoin itself. That is very hard to measure, especially since at least a double-digit percentage of transactions belong to the illicit economy.
Isn't 80% of world wide used currency all speculation and only 20% used in services and products ?
I'm talking about the trillions of derivatives market ..
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#6Are all currencies ponzi games? Seems to me that the deciding factor is: what percentage of Bitcoin's transactions are actual transactions for actual goods and services vs. what percentage are transactions related to speculation on Bitcoin itself. That is very hard to measure, especially since at least a double-digit percentage of transactions belong to the illicit economy.
"at least a double-digit percentage of transactions belong to the illicit economy"
Would you mind sharing your source?
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#7I'm just going to make this statement here on Monday, March 10th, 2014, that Bitcoin is going to fail within the next 2.5 years.
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#8Might as well post my comment here as well...
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It would be great if economists started coming up with genuine criticism regarding Bitcoin, rather than obviously false statements, misunderstandings that have been corrected a million times before, and fallacious reasoning.
I mean, virtually everything he said is explicitly listed on https://en.bitcoin.it/wiki/Myths – that’s how often these things have been brought up and disproven.
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#9This compilation of tweets shouldn't be on the front page. Tweets don't belong outside of twitter.
Re: Nouriel Roubini: Bitcoin Is a ‘Ponzi Game’
#10That is why you want to get in early.