Economists and finance guys decrying the market virtues of a centrally planned resource? Surely not!
Many tinfoil hatters and doomsday economists visit zerohedge. Half of them believe the grid is going to go down and the only thing that will have value then is gold and ammo. It's a heavily biased "news" site that writes stories that are overly sensational. They have been yelling financial meltdown, crash, collapse of the dollar, etc every since they launched.
I am one of those tinfoil hatters then apparently.
This is symptomatic of the Information Age IMO, there are no authoritative information sources anymore. And when you discover that any previously authoritative sources were actually just very well placed to elude detection of the lies they were telling, you realise it was simply well developed psychological tactics all along.
The Zerohedge editorial is clearly doomsday stuff. But you will not get the truths that are difficult to handle from other sources, they will tell you something soothing that is easy to cope with. Both positions are paradoxical; they are simultaneously true and false, depending on the timeframe you evaluate them over, and your emotional disposition. Zerohedge sum up the former brilliantly with their tagline: "On a long enough timeline, the survival rate for everyone drops to zero". It's incredibly nihilistic, but it's also the truth.
It is beyond question that Zero Hedge has its place as a great financial news site busting through the
Financial Happy Talk Paradigm.
Yes, there are many preppers there. But, preparation is a spectrum of actions. I too prepare some. Not much for TEOTWAWKI, but because it is prudent to have some backup in case things turn bad.
But, yeah, there are so many ZH-ers that assume "Lights Out" re their BTC comments that it makes me think they either hate BTC way too much, or
that they have little understanding of the probability of such a disaster as the grid going down.
