Bitcoin Forum

https://www.ccn.com/bitcoin-mining-threatens-our-existence-academic-says-calls-for-intervention/

economists from qatar publicly speak out against bitcoin and its destructive nature,

as i told you in threads before the conflict will come

https://bitcointalk.org/index.php?topic=4776316.msg43124804#msg43124804

Nothing we haven't heard 100 times before already.  As usual, it completely disregards the environmental impact of fiat as if that wasn't worth considering.  Where's the "conflict" for all the electricity consumed by banks, card providers, automated clearing houses, ATMs, etc?  Where's the condemnation of the fossil fuels burned when physical supplies of national currencies are transported by armoured van/truck?  What about the metals that have to be mined out of the earth in order to produce physical coins?  Stop pretending that everything else is fine and that only Bitcoin has environmental concerns.

you will have a huge portion of the market opposing the bitcoin pow cult as it has a damaging nature

Very good, unlike the article it makes for a perfect argument.

We have seen these articles before, a lot particularly last year
when Bitcoin was gaining good support.

There are still those who want to supress the use of Bitcoin
so we will continue to see these nonsense articles.

For the average Joe who doesnt know anything about Bitcoin
other than its name and what they are fed in the media these
sort of lectures by banks etc. will make sense,
Thats the annoying thing.

This is just some low-quality content. Nothing new here. Articles from that point of view are being distributed since 2017.
I agree with DooMAD on this point, there hasn't been any comparison between multiple financial systems. Nothing scientific relevant.


Particularly this made me laugh:

Now the developer aren't just responsible for writing the code and developing the software, but they have to either (1) choose a fast algorithm or (2) build ASICS for their algorithms  ::)
The whole article is full of rash statements without any substance.

The opinions of these economists are purely subjective. In fact, they do not talk about the destructive power of the fiat currencies and their impact on the majority of the world's population. Most likely, they are defending the interests of other more influential people. Pure manipulation of opinion.

Do you still rely on the opinion of economists and analysts? They always change their opinion depending on the mood of the market.

When bitcoin begins to grow, they will sharply praise the cryptocurrency

no thats not true, actually the established economists will always be against bitcoin, they supported blockchain but opposed bitcoin

This is not actually the first time an expert voiced out his/her opinion regarding bitcoin and its adverse effects on the economy and society. However, these experts also fail to weigh in the positive impact of bitcoin in the society if ever it becomes mainstream. All eyes are focused on the negatives while completely ignoring the positives. Mining does not threaten our very existence; petty trash talks from different political leaders do. Over-harvesting of natural resources does more harm than bitcoin mining.

Someone hasn't done their homework clearly.

Can't miners shift to a more economical way of doing it than tapping on our electricity grid? Japan has this running water generator to power mining, will it also create this effect?

The harder they push, the harder we push back.  ;)  These power drunk people with their arrogant statements will soon

backfire, and I will celebrate the day when that happens. Every time the price hits a low point, the little trolls come out of their

caves to scare the noobies. This thread will become a shill magnet for these idiots. I am think of creating a forum where shills

will be eliminated, just to piss them off, like they are trying to do to us here.  ;D

Economist or even experts I don't really care what they have to say when it comes to bitcoin's value. No one can predict its movement in the market and those FUD will always come if the market is bearish. When bitcoin reached almost $20k where are those negative news about bitcoin? I guess most of those skeptics regretted that they weren't able to join the ride last year December. We have lots of emotional investors coming in everyday hoping that their investments in bitcoin will make them rich. They just invested their money without understanding the real nature of the technology and its performance in the market.

for me everything is defined bitcoin is a blessing for people, and as long as it gives new opportunities for new technologies, it will make a move towards justice and envy

yeah the list of those who spoke some nonsense against bitcoin grew by 1 and the total count is still in 1000+ while bitcoin still grows and is being adopted all around the world by real economists and people alike.

yeah keep telling yourself  that while the altcoin pumpers who promised you profit are dumping on you and getting the hell out ;)

nope the market will vastly change. and bitcoin has stopped growing

i dont really care about profit i want a working financial market that doesnt impoverish the collective like bitcoin does it.

or continously enriches the established rich like neofeudal lords which the banksters do

This is their profession they need to do something to keep their red hot form and their name to the media so they will just speak controversial.They are against the decentralization maybe because they are making money through the fiat economy if the crypto economy grows then their profession will get affected so they are against the bitcoin to keep their income. :D

Everyone can talk whatever they want about it and really we don't hear something new. I think if it is talked about that's always good.

For some people who hates bitcoin, they do like talking about it. Never had any problem with Bill Gates and Warren Buffet talking negatively against bitcoin. Surely not gonna have an issue with some economist from the Middle East.

there are basically 2 legtimate standing points in confrontation

the banksters:

enrich the rich systematically making them neofeudal lords,
and enslave the rest as their money earning cattle

waste a lot of ressources for their luxury.

are gay tribal nationalists that also power racism/ethnicism globally

crypto:

wastes ressources.

dont take responsibilities to the project they propose

we will have a longterm battle between these two points

i am neither one one of those sides completely

Reading the article, I think the issue of existence is a misplaced priority coming from economist. I would be more comfortable if its coming from environmental activists, association of people weather readers or people concerned with global warming but not economist who don't have issue with the creation of more vehicles in other to increase GDP and increase standard of living, they also don't have issues with felling down of trees for the sake of development forgetting the advantage of a green environment, they also don't consider the impact of factories emission, release of toxic into the sea all in the name of reducing unemployment but raising concern about mining activities like they care about the environment.

Their real concern is because all of the theories, consultancies that makes them forever relevant in the scheme of things is going to be relegated to the background if the continued dominance is unabated so they decide to attack from the disadvantages they can lay claim to.

it doesnt matter wether economist or environmental activitst, many economist also think environmental.

bitcoin will get its huge sap of opposition i recently made a picture showing the endresult of a bitcoin centristic world

Well said my friend. Bitcoin poses only a common threat since almost all the things in the world right now is in its smallest capabilities, affects the environment. Also, how about the corruption in the government which leads to a poor economy of a country? That decrease in economic power is the result why the environment is being abused.

reading the article here is my opinion.
the dude wants to introduce a "carbon emmisions per gigahash" (lets call it CEPGH)

well ASICS are the most environmentally friendly method per gigahash. all the CEPGH will achieve is ban altcoins that CPU/GPU mine because their CEPGH ratio is far worse.
its basically a call to rule out CPU/GPU mining which is more Carbon Emmissions per Gigahash
so i dont see it as an article against bitcoin. i see it more as a argument against other coins that are PoW based but dont want asics.

..

what i do find funny though is has anyone calculated the CEPYTKV.. Carbon Emissions Per You Tube Kitten video
what if i told you there were  
under 100million kitten videos of 4-20 minutes long
under 600k bitcoin blocks of 4-20 minutes long

meaning there are atleast 100x more kitten videos than bitcoin blocks

now lets take the bitcoin hashrate
50,000,000terrahash= 3.5million asic miners

lets say an average pc uses 450watts. an average asic uses 1.3kw ... an asic is the power of 3 PC's
screw it lets round up some more. that means that if a 10 minute kitten video has 10mill views or more. it has a more negative ecological impact than mining a bitcoin block

now remember there are 100x more video's than blocks. so just the category "kitten" on just the website youtube is wasting more electric per view than bitcoin does

...
as for my first thought
a 450w PC doing CPU mining.. scrw it lets say 3 PC's to stay on the same power usage ratio. 3 PC's CPU mining do not even do a gigahash/s
a 650w PC doing GPU mining.. screw it lets say 2 PC's to stay on the same power usage ratio. 2 PC's GPU mining do not even do a terrahash/s

an asic does ~14 terrahash/s. which as my first thought concluded makes bitcoin mining more efficient than any other altcoin that PoW's  based on the articles proposed CEPGH

Generally there are some good aspects of it, there are some bad points. I think Bitcoin is also the case. However, the effect of these harmful aspects will be seen. Bitcoin is currently the most popular and profitable. I think it will do something good in the future.

It is not new that someone is talking against bitcoin. Bitcoin is facing such opposition from the very beginning. This doesn't affect bitcoin much as people know how to differentiate between right and wrong and very ew pay heed to such negativity. 

Economists are against the bitcoin! It’s obvious that some will not support it but for that reason bitcoin is not going to be demolished. It became controversial when the economists supported the blockchain. Established economists are still earning through fiat currency so it’s difficult for them to accept the new digital currency. Hope that they will accept it soon!

And what shoudl we expect about this? This is nothing, i do not even understand why there are so many people in here trying to spread this kind of fud at the moment

What an idiot. If you don't like greenhouse gasses so much maybe you should invest in solar, wind and geothermal plants. Even nuclear energy doesn't generate any gasses so I don't see a connection between consuming energy and the greenhouse effect unless you have a small coal or diesel powered generator in your yard that powers the farm

I think this is completely ok because people are always having a different sometimes opposite sides of opinions, so some of them are telling the Bitcoin would be great and some of them are telling the Bitcoin will be dead.

Nothing to be wondered here. There are lots of people who always complain about bitcoin. And the number of these people is huge. I think we can avoid what they are saying about Bitcoin.

He is know totally wrong at all. But i think those who are against bitcoin, most of them don't know about the proper utilization of bitcoin or cryptocurrency. So i think there is nothing unusual here.

I think he is not aware of the advantages of cryptocurrency. There might be some disadvantages but the positive sides are brighter. So, i hope it will take time but more people will talk in favor of bitcoin.

That is just a biased point of view. If you compare Bitcoin with other assets that we use in our daily life, all of them deal the same amount of damage to environment while we obtain them but nobody will talk about those assets as they are already holding themselves. I stopped reading the articles or news that are written on the hazardous effect of BTC on nature.

well newbies are always like this. they see some news article posted by one of these big sites that throw in names to increase their legitimacy of the article and then these newbies start thinking this is a valid thing and they thing it is new.
but if you check out the list of articles on the same site for the past 9 years you can see they have been basically posting the same thing with different words every couple of months at least :)
in other words what you see as "conflict" is nothing new. and it is more like market manipulation and desperation.

However, these experts also fail to weight in the positive impact of bitcoin in the society if ever it becomes mainstream. All eyes are focused on the negatives while completely ignoring the positives. Mining does not threaten our very existence, petty trash talks from different political leaders do. Over-harvesting of natural resources does more harm than bitcoin mining. Economist or even experts I don't really care what they have to say when it comes to bitcoin's value. No one can predict its movement in the market and those FUD will always come if the market is bearish. We have lots of emotional investors coming in everyday hoping that their investments in bitcoin will make them rich.

Think about every average joe who's mind changes to "I can't trust them" though over the long run with Bitcoin...

People will only believe for so long, then they will never trust "experts" when they can verify transactions on the blockchain.

i personally rely on  economist cause they have good intel on the market, yes sometimes they are off but 9/10 their analysis of the market is really great and helps a lot.

I don't get the point why other people tends to hate bitcoin but in fact it's really helpful. Indeed bitcoin is a system for all especially for the unemployed but many people are hating it. They speak against it even if bitcoin is doing its best to help our community. I hope that bitcoin will speak for itself with its benefits and let bitcoin prove economists wrong.

Sometimes I don't really understand the thinking that economists have. I don't really get why they tend to hate a system which brings a lot of opportunities for the community. We can't deny the fact that bitcoin is a great system and helping the society but they still find a way to hate it. I hope bitcoin will speak for itself and prove the economists wrong for being against it.

I did not try to read the link that you displayed.
because I think with your post I can judge that this post will worsen about bitcoin. Yes, right, I'm not surprised and surprised. in my opinion there will always be those who create FUDs to pressure bitcoin down deeper.

Economist always speaks in opposite to crypto . But people have faith in it and buy for good return.

I have read at least 500+ articles regarding the hazardous impact Bitcoin can have because of the amount of electricity needed to mine it. But, I am surprised to see that they don't talk about other assets like gold, diamond or even fiat currencies which also deal almost same amount of hazardous impact on the environment while obtaining them. These articles look like nothing but an agenda to me, against bitcoin.

A lot of the people, or economists are against this market because it puts harm to the nature. But now there are a lot of projects in the market which are directed towards the betterment of the environment and they need to see that.

I actually never take their statement seriously because they always change their speech depending on the market. If the market is going well everything is well but if it’s down they have many suggestions.

Haters will always say negative things so do not pay attention to them. If bitcoin is bad then the whole market are good for nothing. Bitcoin has proved itself and now it is the market leaders so do not get confused at this.

The fud gets worst day by day, and after I woke up from the all day work I had, I wish I couldn't see my blockfolio, because it stressed me out looking on fluctuating market. Yeah we're on the pressure right now and it kepts on roaming around the community of our cryptocurrency. Most of the time it needs more patience rather than rushing over our decisions, which could cause everyone to panic over.

They keep on repeating themselves but it doesn't change anything besides some fud reactions and decrease in pirces. We will still move on and blockchain will thrive.

the words of a country that does not know how to work and produce are not even in sight. all they do is to live a rich life with money because of naturel gas. let them say what they want.

You are lucky because you have a job and you take your time on your work than others that always keep an eye on the market. For sure they really feel stressed now specially those investors who bought at the high price.

A lot of things that economists can't predict, if you're an economist, can you predict that BTC can go from a few cents up to $20,000?

Its true so many economist are against bitcoin but i can't understand why they against bitcoin. Because peoples are changing their financial position by doing bitcoin trade. Hope in near future they will also support bitcoin.

It is obvious that there will a lot of criticism whether it is from economists or others people. But we the bitcoin users know the true function about it. So whatever they said it doesn't make any effect among us.

they are stupid, at bitcoin there are no problems except for shaftiness, he is kind of in his way

There will always be some persons who will look into the negative part of everything. That's the nature of the critics. We can look into their points and try to improve any factor which might be good for the nature and environment.

That is all they actually do, speaking about various issues. Everyone actually said many things about BTC. But it is growing on its own way and will be growing more in future.

I'm not discouraged by that speech because we're having as well many economists and experts who would speak positively about cryptocurrency and they are an opposite opinion from that guy.

If mining even was a negative side of BTC, but it's not. His whole theory is full of holes.
For instance, the greenhouse effect is caused by CO2. Does mining equipment generate it? No. What does? No, not that nuclear power plant that you're taking power from. All it generates is radioactive waste that needs to be stored somewhere. CO2 is mostly generated by that car or that bus that our economist takes every day, it's also generated by him breathing. So, mining actually has a smaller impact on the atmosphere than him, his family, friends and pets.

No matter what economists say about bitcoin. I have full faith on it. Time will change. Many times I saw that economists change their opinion. I think they write depending on their mood. So, I decide to be chill. Let’s see what will happen.

Bitcoin are more secure and profitable. it is well known in the world but it has little bad side. we should careful about this. in my opinion it will make more profit for investor. its future are good.

Economists speaks against bitcoin they easily can said anything againgst any cryptocurrecny. Many economists have saying many things before they think that bitcoin is causing a crisis. There are both bad and good things are in bitcoin we need to concern about the bad ones and solve them.

Or perhaps, they will continue to speak negatively because they utterly are against cryptocurrency. With that being said, these analysts are nothing but a burden to crypto. They think they are changing people's point of view about it. But in fact, they are strengthen it. And the proof is that the bitcoin price is still around $6k. Let them keep fighting a war they cannot win. And eventually, bitcoin will show them the unexpected. Just watch it.

It is true that in these days there are still some academics or economists who see bitcoin with reticence, but fortunately they are less and less every day because, on the contrary, there seems to be a greater acceptance of its great potential to solve some of the problems of the current economy, and many economists have openly opted for its adoption globally.

Haters will always say negative things so do not pay attention to them. Bitcoin has proven itself and now it is the market leader, so do not get confused here.

They have to speak negatively about Bitcoin because it destroys their plan of robbing people by printing endless amounts of fiat.  But those talks won't change anything fortunately.

Let them continue to be afraid or try to ban, with or without them, but bitcoin will exist

https://volair.bjammerboy.io/6746/5038882

They are saying the same over and over again but we should not expect any different, they are being paid to give those opinions, they are completely dependent on the current system surviving this obviously they are not going to like something like bitcoin that is going to let them without any kind of job so it makes sense that they oppose bitcoin and cryptocurrencies in general.

We can not forget that what scares the most in this new market is called lack of knowledge and trust.

Hello,

Like for most of things, you have the "for" and the "against". This one is surely old school one, probably have benefits and investments in standard economy and want to protect them. There are also lots of consumption in order market and aspect of the economy without nobody ot fight against.

Future will prove that crypto are benefits.

I think, bitcoin is not destructive, but bitcoin creates benefits and profits for every user. until today spreading of bitcoin continues to increase better, we see the volume of bitcoin trading always creates an uptrend.

the destructive is fiat market capitalization, conventional, they do not create profits, but they are selfish, do not care about the people.

with today's world bank financial system, I think that they only create losses for society. some community assets were confiscated by the bank.

Not all economists actually understands how crypto currencies work so it is expected that some might speak ill about it and this debaate is likely to linger but the good thing is that there are some economists thaat appreciate the fact that bitcoin is here to stay

People will always speak against something they don't either have knowledge about or they don't really understand. Well, i don't blame these people because everyone is entitle to say what they feel to say. This is not the first time people are speaking against bitcoin. I will advice that these people should first try to understand the principle behind the development of bitcoin and the intended purpose of this crypto coin.

That's all they really do, talking about a lot of different things. But it is developing in its own way and will grow more in the future. No matter what economists say about bitcoin. Time will change. I think they write depending on their mood. Bitcoin is safer and more lucrative. We should be careful about this. Its future is good. Many economists have said many things before they think bitcoins are causing a crisis.

We all know that as each coin has two sides, bitcoin too has two sides, being so advantageous and beneficial to the public because somewhere has dark sides and I think this is the only reason why conflict is going against of bitcoin, as we all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and specifically the illegal one thus leading to its illegal use like in selling drugs, explosives, money laundering etc and this is the only reason for conflict against bitcoin.

Of course they do not understand it, they are being paid to not understand it, they know very well that if cryptocurrencies becomes widely adopted around the world their jobs are going to be in jeopardy, so they are trying to spread all the false information that they can so the average person gets scared of investing in cryptocurrencies, but when the economy crumbles that is not going to work anymore.

A typical passenger vehicle emits about 4.6 metric tons of carbon dioxide per year. This assumes the average gasoline vehicle on the road today has a fuel economy of about 22.0 miles per gallon and drives around 11,500 miles per year. Source : https://www.epa.gov/greenvehicles/greenhouse-gas-emissions-typical-passenger-vehicle

Ok, so based on the above information, let's just think about all the armoured cars that are transporting cash to and from ATMs per day and they are not using typical passenger vehicles, but rather much bigger trucks with more pollution.

The Banking system has a much bigger carbon footprint than what most people would imagine, but people see their little Bank branch and forget about all the other things that contribute to their huge footprint.  ::)

always as there is only something new and tries to change a habitual situation then economists who begin to fill up all this process get out.

Economists will stop criticizing and oppose the bitcoin as it becomes a global currency.

Even a popular economists doesn't affect bitcoin's popularity. Btc still standout straight and going strong no matter how many and how big criticism are spreading. As long as their are patronizers and their are people who loves cryptocurrency, economists who are against btc is just a normal scenario here.

I agree with you. I don't bother about what the critics say about Bitcoin and the cryptocurrency market usually since majority of them antagonize crypto in the wrong way without proper examples due to their biased views.

It is best to simply ignore such people and focus on improving your crypto portfolio in the short term as well as the long term since that is all that matters at the end of the day. Don't waste your time arguing with stupid critics.

Qatar is probably worried because they have a good economy already and bitcoin has the potential to disrupt it. You don't hear experts from iran complaining about bitcoin, the world is a big place so let the qataris complain

information and all the news we have often listened to all about everything that is worst and negative is not the crypto currency created for good and progress in the economic field and in my opinion the good results of bad investments with crypto currencies depend on the intentions and objectives of the investor

Bitcoin halvings every 210.000 blocks prevents serious enviromental footprint. Every 4 years Bitcoin value can double without needing to spend more electricity on mining - note this is exponentional function meaning over course of long time, Bitcoin value can not double every 4 years - nothing can grow exponentionally forever. After Bitcoin value wont double every 4 years anymore, electricity usage for mining starts to decrease.

It is understandable that those economists and academics who have been trained under the paradigms of the current economic system, and who have never been brave enough to denounce it, should submit to the interests of that same system in order to insult their greatest threat: the King Bitcoin.

Therefore we should already be accustomed to this type of infundium that so frequently appears from all latitudes, although to their misfortune they seem to be having little effect in a world increasingly interested in adopting this revolutionary technology.

Economist speaking against Bitcoin is one statement, telling us the ground which they find Bitcoin unworthy of the attention it gets is another debate entirely. Is this based on a simple economic analysis or some biased made up points to retrogress the movement of Bitcoin? I have followed the news a couple of times now only to find out that some bodies and individuals speaking against this coin are only prejudice in their claims and this is hugely affecting the truth and genuine analysis we all deserve.

everything has two side: both positive and negative. the bitcoin is so good that many people take advantage of it to do for bad goal such as scam or crime. There many people include some scientist have thought that bitcoin is bad . We can not inhibit saying that

Economists, Scholars, Philosophers, Entrepreneurs, Businessmen have their opinions for the crypto currency market. Not only the influential personalities, everybody have different perspectives for the crypto currency market. It is their own personal viewpoint, whatever they think about the crypto market, whether in favor or against the system!! So much scene should not be created for this sort of issue. It hardly matters!!

There is absolutely nothing new here and I am sure that not a single person who already knows the beauty of bitcoin will buy into it. They care so much to speak negatively about bitcoin but never care to mention any of the enormous damaged that fiat currency has done and it is still doing.

I agree with your opinion, that the outcome of an investment depends on the intention of the investor. Because if an investor has good intentions in an investment, the results will be good and profitable.

Not really I think they are going to oppose bitcoin until the end, they are never going to admit that they were wrong about bitcoin because if they do then they are basically giving up and admitting that all of what they believed was wrong and it is very difficult to get people to accept that, it is more likely that they will prefer to live in denial than to accept the truth.

It's time for the government to replace their gold hoard with bitcoins.

I talked with economist once and i asked him what can he say about bitcoin, is he against bitcoin or not. and he said that bitcoin will help the economy of the country even though the trading doesnt affect the stock exchange but this will help the individuals on their daily lives and might help others for them to become successful too.

If you are going to speak against $Bitcoin as an economist, then I think you aren't an economist afterall! $Bitcoin has followed every law of Economics to the letter and has achieved a much greater feat. What else would an economist say about a commodity that obeys supply and demand and its anti-inflationary! Isn't it what we all want to have stable economies as we explore tools/theories that make this possible? $Bitcoin has shown it can be that tool. So why fight it?

In recent years, Bitcoin's motion has attracted a lot of attention from the global public. Economists have different opinions about the market, most economists have negative thoughts about it. They share the same concerns over the abuse of electronic money. But the technology that this market brings is really smart.

It's funny when "experts" say that bitcoin will destroy the environment. Plants, exhaust gases and all of this have been destroying our environment for a long time. And do they really think bitcoin is more evil? Just another skeptics and bitcoin haters.

There will always be those people who love bitcoin, and those who hate it and each time composes more and more new facts that would create a negative image of it. I have long preferred just not to pay attention to this news and continue to use bitcoin, because I like it.

Nevertheless, despite the huge number of haters, bitcoin continues to develop, because it is really working and necessary for humanity technology. And while it will be relevant, no skeptics will not be able to destroy it.

This is not the first nor the last time that someone is speaking against Bitcoin. But not every crticism should be taken serious. Even if those people are economists that still doesn't mean they are experts, especialy not for Bitcoin and other cryptocurrencies.
It's always good to see both sides of the story, good and bad, but information should be taken with analitical approach and the source they are coming from is very important.

Bitcoin is a cryptocurrency-it is mined. Yes, Yes - it is produced by material devices, that is, that can be touched. Such devices cost money, a lot of money, which means.

The fact that bitcoin spoils the environment-it's just ridiculous. There are a huge number of factors in the world that affect the environment even worse, but all these plants continue to operate. Therefore, you should not concentrate on the fact that bitcoin mining can seriously negatively affect the environment. It's stupid.

It’s a manipulative opinion that could work with those people who don’t know anything about Bitcoin except its name. All their attention is paid to Bitcoin mining, while the production of fiats does more way harm to the environment. If we have a closer look at this issue, we will find that the problem is not in the high energy consumption but in the resources of energy

The economists also have bad ideas about bitcoin, which is quite logical, because the excessive development of bitcoin can threaten the survival of the bank, the government lost. control with financial background. However, the other worries can be solved with adjustments and improvements in bitcoin

These economists should leave bitcoin alone. They should take time to talk more about the downside of fiat currencies. I won't need to bother myself with this kind of negatively because it can never change my belief regarding what bitcoin is capable of achieving.

I am in bitcoin field since a year and if personally speaking then I never feel like bitcoin to be destructive in nature as I also feel bitcoin to be very potentiating one as I also saw the people getting benefited by it and earning a lot through the bitcoin though there are some defect with the bitcoin and the foremost and the important one is its illegal use but it is no longer a defect as it could easily be resolved once it will get legalised all over the world and then from all the aspects bitcoin is only useful, there is nothing destructive in this.

Are the governments still sitting in huge amounts of gold? I was under the impression they were selling all the gold they had so they could keep the price of gold down and keep the farce that is the economy for a longer amount of time, and if they began buying bitcoin this will help us since the price will skyrocket, so I do not see how they can do something and not help bitcoin in the process.

Most of these economists are politicians who speak mostly from a government point of view. They are only interested in painting btc black to the people to decline their interest in btc investment but you see, some of similar articles couldn't bring down btc so we aint bothered

The first time I see this man, I don't think I'm going to listen to the upstart who's trying to hypothesize that he's very smart, but he looks stupid.

It's kinda stupid to be trying to run against the progress, classic economists and banksters would be better themselves if they were focusing on their own job rather then criticize Bitcoin
It appeared because there was a need for it, or in other words, Bitcoin is simply a product of demand. Deal with it.
Just to note, I'm not pro-crypto, I just don't like the idea of fighting over meaningless matters

Everything has two sides of it, so in the bitcoin there are people who support it, there will be people who oppose it, those who hate will continue to hate, and those who like it will continue to like.

These economists say most of these things without paying attention to details of how Bitcoin functions. Most of them do not even know much about Bitcoin but rather following the false news and articles some people write about Bitcoin and crypto.
From the fundamental principles of economy, we all know that any good way of establishing more jobs and offering financial freedom helps the economy of that country and this is what Blockchain and Bitcoin do.

It's great that these economists have their own view on bitcoin. But I would not call their opinion convincing. I will still continue to use bitcoin and develop, as well as invest my money in it and advise others to do it.

It is a pity that such people have a negative opinion about bitcoin, since they have the opportunity to spread this skeptical opinion widely enough, and many people believe that. In fact, there is nothing wrong with bitcoin. If it is good to study it, it is possible to verify this.

Now quite a lot of people talk about bitcoin skeptical things and promote this skepticism. But there are also many significant figures in the economy who speak positively about it. So you are free to decide whether you believe in cryptocurrency or not.

I don't really think his comments are important, we can see that JP Morgan has said the same thing and in secret they also want to accumulate bitcoin in any way. But there is one point indeed if everyone has the same rights without interference and capitalist policy, then greed and monopoly will dominate, bitcoin must continue to be progressive to prevent this from happening.

Economists always observe and comment on bitcoin from the negative side, that is, bitcoin is anonymous. Always associated with money laundering, terrorist funding and even drug businesses. While the positive side of bitcoin is rarely discussed. Observers forget that the digital age has arrived, and bitcoin places itself as a digital currency, where transactions are easier and more convenient.

The conflicts and critics has always existed it part of development. Even people that doesn't have an idea of what cryptocurrency is all about would still contribute in the critics.

I think economists can not be against crypto currency. Yes, some economists can be against Bitcoin. Because Bitcoin is an independent platform. It can not be controlled by any country or government. Because of which some countries are also against Bitcoin.

well we bitcoin investors have heard these things over and over again but then we know bitcoin has great potentials which are far beyond what they analyze, we will buy more and hodl. bitcoin will sure grow stronger in time coming