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asourcefamiliarwiththematter | 2 months ago (raw) | root | parent | reply | flag 
 There's a huge selection bias there.

If I take 10 hours to study Bitcoin and conclude that it is impressive from a cryptographic point of view but economically illiterate, why would I then spend thousands of further hours studying it?
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Jeff Swann | 2 months ago (raw) | root | parent | reply | flag 
 I am talking about studying money & its effect on society
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asourcefamiliarwiththematter | 2 months ago (raw) | root | parent | reply | flag 
 Well we've reached N of 1, at least

I have a graduate degree in economics & (more importantly) have spent thousands of hours studying (mostly Austrian) economics since then

I am of the opinion that Bitcoin is economically illiterate and it will be to the great shame of Austrian economists to have ever supported it

I regard Bitcoin as a better form of fiat - a "nothing" but with better rules than the dominant "nothing"

Also, do you imagine that Peter Schiff hasn't spent thousands of hours studying money?
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Jeff Swann | 2 months ago (raw) | root | parent | reply | flag 
 I was referring to his opposition to "fix the money, fix the world." Given that Peter is infinitely critical of central banking & has made selling gold the center of his life I would wager that (despite not believing that bitcoin fixes the money) he does basically believe that fixing the money will fix many of the major problems in society.