Bitcoin Forum

Hey all,

Perhaps you have seen this already.  Yanis Varoufakis; Bitcoin And The Dangerous Fantasy of Apolitical Money. 

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

There are many points that are understandable to me and I have heard some of them before.  I am not clinging to some mad fantasy that the future will be crypto-currency based but it seems that these economists are missing some points. 

I don't know....  Just thought I would share. 

Statist tripe. He makes some genuinely true observations but immediately dumps a bunch of radical conclusions without explaining this evolution of events as if they are a foregone conclusion. You know what they call people who study something with a previously drawn conclusion? Bias... Additionally he shows his ignorance of the crypto economy by ignoring such buffers as alternate chains, as well as other continuing evolutions of the Bitcoin based monetary systems.

You know what they call people who study something with a previously drawn conclusion? Bias...
[/quote]

You are right, there is a bias.  I understand where these folks come from and their ideas are great to hear or read.  Compelling, at times.  The concepts and ideas of a digital currency are outside of their comprehension.  The earth is not the center of the universe.  The earth is not flat.  (People had to have those concepts explained as well).

They have shot the arrow into the side of the barn and then painted the target around it and shouted, "bulls-eye"!

http://en.wikipedia.org/wiki/Texas_sharpshooter_fallacy ;)

Just like church and state got separated so should politics and money.

HA, I certainly didn't feel like he was trying to be smarter or bully me.  I just felt like he probably goggled a chunk of my post and found the ol' Texas Sharpshooter thingy.  I suppose I could then have posted all of the logical fallacy stuff but that'd seem like one-ups-man-ship.  Or I could have said that the Texas Sharpshooter fallacy is actually known as "The Clustering Illusion Fallacy" though I might look a bit egotistical myself then.  But my thing was more narrow than just throwing out a ton of data or predictions in order to get one to hit so I think that he was off the mark anyway and therefore inferior to me.  Or I could have shown other examples of my example...but that would have seemed defensive.  Ya, yer right.  That Myrkul guy was probably tryin' to look smarter.  Not hard to do, really. 

Pro tip: Avoid Viceroy.  Eventually, it will go away.