Oddbean new post about | logout
 Agree with this. Seven years ago some guys I know were buying bitcoin like crazy, yet couldn’t explain really *why* they were doing it except it seemed like a good gamble, not that it could become some sort of actually currency that wasn’t inflatable. I asked many times, and never got an economic or coherent rational reason back then. Has there been one, I would have learned earlier, but instead I didn’t even hear of Austrian economics until just a few years ago. May have something do with my job of being a sailor for almost twenty years now; at sea you kinda have a single mindset. 
 And then you have people like Marc Friedrich, who is a macro-economist and was introduced to Bitcoin over the whitepaper and immediately started writing articles and books about it because he was like OMG this is so awesome. 🤣