Bitcoin Forum

https://bitcointalk.org/index.php?topic=764584.0

remember this economics professor "bitcoin will crash to about $10"

https://i.imgur.com/uBEilHyl.png

if we start sharing all these "predictions" about bitcoin price we will be here all year. speculation board is full of them :)

If someone s got Twitter account of this professor, pls do share, I d like to hear his opinion ATM.  ;D ;D

There are extreme ideas and prediction about how bitcoin will end and will suffer a bubble or will encounter a price meltdown. But those predictions have been posted in this forum many times but it did not occur. The price of bitcoin will inevitably increase in value and many people are buying bitcoins today causing the mempool to have a hundreds of thousands of pending transactions due to the high demand.

This doesn't surprise me at all because most of the current academic scholars have lost touch with the reality on the ground with regards to Bitcoin. It's only in their classrooms that they seek to explain but most are at variance with what goes on outside the class room. I will let my miners do the laughing...wheeeeeeeeeewwewee!

This guy was always an idiot. Let's also not forget about Mike Hearn, Gavin's Andressen favorite bitcoin beneavolent dictator, and all the big block "doom is coming" FUDsters like Roger Ver which where claiming bitcoin would collapse ages ago if we didn't raise the blocksize immediately etc.

But Mike Hearn was specially notable since he went to work with the backs and R3 has collapsed already. What a doofus.

With him being an economics professor, I really wonder how much he understood about the underlying technology of Bitcoin.
And I would also really like to hear his opinion about Bitcoin today, must've changed his opinion I think.

Btw, there were certainly more people who said similar stuff about Bitcoin. Has anyone notable ever changed their opinion?

the mike hearne, gavin drama are and were distraction techniques.
if you care to check, R3 dispersed because it was easier for them to work directly with hyperledger rather then have all the subsidiaries of subsidiaries of subsidiaries.

as for the other dev's, they too are slowly tip toeing in the direction of hyperledger too. to them bitcoin is just an 'alpha test' project to show off idea's and skills before moving onto big money projects like hyperledger (the big bank network).

this is why i am skepical and critical of blockstream, because if you follow the money an look at the origins of the projects and idea's and look at all their partners you start to see who has what fingers in what pies.. and you start to see they are not really 'bitcoin hungry'. they just see it as something to poke at with thier fingers at until they get bored and move on

This world is full of so called experts for every area you can think of so this doesn't surprise me. They pick some pieces they hear or read around and make some theories without solid ground. In the meantime he has probably changed his opinion, that wouldn't be strange

someone who calls himself "professor bitcoin" and uses the words "bitcoin shares"! isn't really worth paying attention to.

and i usually have the theory that people like this are now laughing at those who listened to them back then because they themselves were doing the exact opposite.

nah, this guy was way ahead of the curve. that $10 figure is in bits, not bitcoins so in a few years he's gonna be right.

Franky, all your pointing out the DCG connections has sunk in... at this point, i dont think Blockstream's mission is AXA driven "kill bitcoin"... its more like DCG driven "slow bitcoin down so we can accumulate it while making sure alts prosper". 

The only thing I see is core devs continue focusing on allowing people to rull their own full validating nodes, and the likes of grex maxwell continue delivering privacy friendly solutions and technologies (which would be activated with segwit). Notice how both segwit and conservative block size are privacy friendly and are getting threatened by the anti conservative block size, anti segwit agendas. It's obvious what's going on. Facts. You are just pointing at some conspiracy theory where Adam Back and everyone else go work with the banks, which is stupid because they would get killed in no time by uber rich bitcoin cryptopunks that have billions invested in bitcoin, if they try to betray bitcoin as a decentralized gold which is the top feature.

I remember that guy, holy moly those were some of the first threads I ever read about Bitcoin's reputation outside of the community and I remember laughing along with everyone else when I saw these threads. I could have sworn I posted in one but I didn't see my posts in that thread so maybe he made quite a few of them.

Definitely an interesting fellow, I hope he's rolling in his predictive grave right now.

These Fiat professors have not seen something like Bitcoin before and they want to define Bitcoin within the parameters of Fiat based systems

and networks. They still have to write new books to educate these highly  ::) educated professors on Crypto currencies. Other people like

Warren Buffet will also swallow their opinions on Bitcoin in the future.... Watch this space.  ;)

We should expect a wrong answer when you consider...

Here is a new form of money, unlike anything before!  :o
Who should we ask about it? Hmmm. How about an expert in the kind of money that bitcoin is not.  :D
Or maybe Warren Buffett? He is no only an expert in the wrong money, but he is a senior citizen. They are always a good choice when asking about new technology.