Friday, March 5, 2021

Old Man Yells at NFTs after abandoning his yelling efforts at Bitcoin and crypto in general.

A well-known US economist Nouriel Roubini has had his fair share of criticizing BTC in the past. He successfully predicted the 2008 bubble but we all know that want so hard to do if you were even mildly informed about the economy and the events surrounding it.

In 2018 he constantly claimed that Bitcoin is a bubble while also telling the congress that Bitcoin is the "mother of all scams". The validity of his points was questionable, to say the least because he obviously didn't even have the information required to debate an abstract and completely new concept. The shortest "debunking" I found is this.

Now, our celebrated economist seems to be having trouble wrapping his head around NFTs and the tokenized economy in general. Again, he is making claims while also being half-informed on the subject. It is a reoccurring theme with old people that think they know shit even though they are out of the loop for more than a decade.

The point of this post isn't to criticize economists or old people, it's just a reminder that you should make up your mind based on your own decisions. The people that should be on top of things aren't spending enough time on research and most of the time they are yelling SCAM, it ends up being complete bull shit.


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