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A comment on Greenspan Says Bitcoin a Bubble Without Intrinsic Currency Value. Parent comment

Re:Greenspan Says Bitcoin a Bubble Without Intrinsic Currenc... by tptacek on Wednesday December 04, 2013 @09:12PM (#6852217)
I might even agree with you that Greenspan's credibility as a shepherd of the entire US economy is nil. But the inadequacy of that conclusion to the actual argument at hand is obvious.

Short answer: because he knows much more about economics than we do.

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Re:Greenspan Says Bitcoin a Bubble Without Intrinsic Currenc... by ugk on Wednesday December 04, 2013 @09:20PM (#6852256)
I wouldn't be so sure. The Fed is the root cause of almost all the bubbles we've seen in US markets. As for Bitcoin he might be right, but I want to hear his opinions on economics about as much as I want to hear Obama's opinions on drone strikes.
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