this post was submitted on 16 Nov 2025
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He has won the nobel prize in economics.
That's a shame
“What problem does this technology solve? What does it do that other, much cheaper and easier-to-use technologies can’t do just as well or better? I still haven’t heard a clear answer."
Bitcoin (not crypto) solves the problem of centralization and control of money. It is a harder form of money than gold. You can send a billion dollars for pennies across the world in 10 minutes. It is completely transparent. It can provide access to finance to people who are traditionally excluded. It cannot be censored.
If he hasn't heard a clear answer, it's because he's willfully ignorant at this point. And again, crypto is 99.9% BS. Bitcoin was not the first crypto, and it won't be the last crypto, but it is the only one of its kind and if north of a trillion dollars doesn't convince you of that, including institutional money, then nothing will and I invite you to invest in the stock market instead and hope inflation doesn't steal your retirement away.
No it doesnt, 51% attack, please do hush. It's the same reason TOR is probably compromised - we can't actually detect if one has happened.
🤣🤣🤣🤣🤣🤣
I do applaud you choosing not to make any more comically unfounded claims. The form leaves a little to be desired, but overall I'm glad to see improvement...