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Krugman: Cryptocurrencies, lacking constraints, will collapse

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Post time 6-12-2023 13:03:33 | Show all posts |Read mode
Edited by Yamini003 at 22-12-2023 04:05 PM

Why do you want to do this? What problem does it solve? I still don't see a clear answer to this question.

As for the lack of constraints, Krugman concludes that cryptocurrencies "are likely to collapse entirely" due to this,

If speculators collectively fall into doubt, suddenly concerned that Bitcoin is worthless, then Bitcoin will become worthless.

Krugman finally urges cryptocurrency enthusiasts to prove that their "cryptocurrency skepticism" is wrong,

But if you want to say I'm wrong, please answer the following question: "What problem does cryptocurrency solve?" Don't just shout loudly with "tech terms that ordinary people find hard to understand" and "dumb libertarian arguments," trying to drown out the voices of skeptics.
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Post time 6-12-2023 14:17:01 | Show all posts
Those altcoins are definitely going to collapse.
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Post time 6-12-2023 21:51:56 | Show all posts
Currency without constraints and regulation, where is the safety boundary?
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Post time 6-12-2023 21:55:08 | Show all posts
The constraint of cryptocurrencies is indeed lacking.
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Post time 7-12-2023 10:31:13 | Show all posts
This aspect of currency is not well understood.
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