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What the Crypto Crowd Doesn’t Understand About Economics

bloomberg.com

21–30 of 88 posts

Re: What the Crypto Crowd Doesn’t Understand About Economics

#22
post #2

Is there a workaround for this paywall?

I just spent a couple of minutes in dev tools deleting about 50 script, iframe and div tags that didn't contain the actual text. Then remove the "overflow:hidden" css style on the top div. Utterly miserable waste of everyone's bandwidth. But that's media for you...

Right?! They seem desperate for income, I can't figure out why.

Oh here's a link to skip paying them for a subscription btw.

Re: What the Crypto Crowd Doesn’t Understand About Economics

#23

This is about cryptocurrency, NOT crypto. The article name, at least, should have "sic" to indicate that it's a copy of something which is incorrect.

It's standard usage at this point, adding a [sic] would not be correct. You should climb down from this hill.

Re: What the Crypto Crowd Doesn’t Understand About Economics

#24
post #2

Is there a workaround for this paywall?

Use a browser with a "stop loading" button and press it before overlay obscures the page. Esc works too. I guess it helps if your internet isn't blazing fast, it depends on the site and needs a bit of practice, but on this one it works just fine.

Re: What the Crypto Crowd Doesn’t Understand About Economics

#25
post #9
post #6

Earlier quoted context omitted.

Paywalls with workarounds are the only type of paywalls allowed on HN. Asking for a workaround is an acceptable practice. https://hn.algolia.com/?query=paywalls%20by:dang&dateRange=a...

Cool-doesn't mean it's right.

You realize Tyler Cowen posted three quarters of this piece on his website: https://marginalrevolution.com/marginalrevolution/2021/06/wh...

I will happily pay for quality content - Bloomberg is not one of those sources. You're defending a company that will happily use it's monopolistic edge to charge 24,000 a year for an API. Get off your high horse.

Re: What the Crypto Crowd Doesn’t Understand About Economics

#26
post #10

Most people in crypto do not understand anything about economics. They understand ponzi/ greater fool theory and how to obfuscate to the public and regulators to pull the wool over someone's eyes.

Most people do not understand anything about economics-in fact most economics is a work in progress.

I'd go farther and take the Taleb route that NOBODY understands economics due to its random nature.

Re: What the Crypto Crowd Doesn’t Understand About Economics

#27

This is about cryptocurrency, NOT crypto. The article name, at least, should have "sic" to indicate that it's a copy of something which is incorrect.

Crypto has become a shorthand for cryptocurrency. Google "crypto" and see what comes up.

Yeah sadly, it bugs me too. Also when somebody says "turn on the air" they probably are referring to air conditioning.

Re: What the Crypto Crowd Doesn’t Understand About Economics

#29
The fact that having a deflationary money supply is bad, is even debated in cryptocurrency forums is the clearest indication that they have no idea how economics works.

...also, the point of a currency is to act as a STABLE unit of exchange, not some speculative moon-shot.

Once these money supply and stability issues are ironed out, and once the scalability problem is solved, I think we might really have something.

Re: What the Crypto Crowd Doesn’t Understand About Economics

#30

Most people in crypto do not understand anything about economics. They understand ponzi/ greater fool theory and how to obfuscate to the public and regulators to pull the wool over someone's eyes.

they do have figured out the pump and dump part
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