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A comment on Bitcoin Is Time. Parent comment

Re:Bitcoin Is Time by hfsp on Tuesday March 02, 2021 @01:41PM (#26318751)
>Or maybe it comes from people who have read an Econo101 textbook and who have spent a lot of time trying to explain a crowd of Bitcoin enthusiasts why their reasoning is wrong

The market decides. Not an economics "expert", nor fitting btc to an arbitrary theoretical definition of money.

>It seems that tech has enabled a grand new theory about money to be implemented.

Are you aware of the Austrian school of economics?

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Re:Bitcoin Is Time by Aunche on Tuesday March 02, 2021 @01:50PM (#26318865)
The market is currently deciding that Bitcoin is almost entirely a vehicle of speculation, which is exactly what economists had predicted.

The Austrian school of economics is completely adverse to empirical data, which makes it functionally useless.

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Re:Bitcoin Is Time by lottin on Tuesday March 02, 2021 @02:23PM (#26319254)
> Austrian school of economics

The only school of economic thought that is built upon the rejection of the scientific method.

https://en.wikipedia.org/wiki/Praxeology

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Re:Bitcoin Is Time by zepto on Tuesday March 02, 2021 @01:45PM (#26318808)
The market decided about Tulips at one point. It later changed its mind.
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