Professors & Economists (Noriel, Weaver,...) shooting agains BTC!

[oathprotocol]

Past days have been shaky - not only the prices started another rollercoaster-ride - but also do we see more and more professors like Nicholas Weaver and economists such a Noriel Roubini shooting negative and pessimistic opinions on Blockchain & Cryptocurrencies, especially Altcoins. Statements against Blockchain Gurus  Kevin Pham, Vitalik Buterin or Anthony Pompliano have led to an ongoing debate that went viral, especially on Twitter.
Whether or not we actually see some form of Output, a public TV/Podcast/Youtube debate or some form of result - the online debate attracts more and more people and brings more attention on Bitcoin & Co. --> Noriel alone has a Follower range on Twitter of 450.000+ (!!)
What do you think? Is the Twitter-Fight rather positive or negative for Crypto?

[1714967481]

1714967481

[Pursuer]

unfortunately these days a new form of attack against bitcoin is shaping up.

ever since they overused the same old FUDs and ran out of ideas to attack bitcoin, they started coming in from another direction and that direction is altcoins. they use their general shitty-ness and while talking about that they hint at  bitcoin too. and this is turning into a new method of FUD.

[ss890]

unfortunately these days a new form of attack against bitcoin is shaping up.

ever since they overused the same old FUDs and ran out of ideas to attack bitcoin, they started coming in from another direction and that direction is altcoins. they use their general shitty-ness and while talking about that they hint at  bitcoin too. and this is turning into a new method of FUD.

There is great possibility of this but also I liked the statement made by OP at the end. Whether this is positive news or negative news about the bitcoin, both of them are having one common function, attracting more and more people in the crypto sphere. Now, lets not talk about the people coming from the positive motivation but from the negative one. They may come in here because they saw some bad news about the bitcoin, but there is great chance that they will turn positive once they see huge ways of earning bitcoin, investing opportunities and using it. May be its even better for us. 

[Herbert2020]

"First they ignore you, then they laugh at you, then they fight you, then you win."

we are now somewhere between then stages of being "laughed at" and "some fights". the more they fight it, the closer we get to the win.
the interesting part is that no matter how much they fight it, the bitcoin adoption is continuing to happen every day and the growth will come with it.

[crwth]

Probably the people who are listening to them would be discouraged with what they hear  I have listened to a different podcasts about bitcoin and different educational speaking, TED for example, who supports big time on the blockchain technology and mentions Bitcoin, which is not bad for the exposure of it.

I hope they give the benefit of the doubt that soon it would be a More disruptive technology. First of all, I want the economists to check out bitcointalk; it's mainly for cryptocurrencies and let them find out how innovative it can be. Making people close together through this forum.

I want to read that Twitter thread, but I can't seem to find it.

[Pursuer]

unfortunately these days a new form of attack against bitcoin is shaping up.

ever since they overused the same old FUDs and ran out of ideas to attack bitcoin, they started coming in from another direction and that direction is altcoins. they use their general shitty-ness and while talking about that they hint at  bitcoin too. and this is turning into a new method of FUD.

There is great possibility of this but also I liked the statement made by OP at the end. Whether this is positive news or negative news about the bitcoin, both of them are having one common function, attracting more and more people in the crypto sphere. Now, lets not talk about the people coming from the positive motivation but from the negative one. They may come in here because they saw some bad news about the bitcoin, but there is great chance that they will turn positive once they see huge ways of earning bitcoin, investing opportunities and using it. May be its even better for us. 

the last part is a big problem though and we don't want that.
we don't want people who don't understand bitcoin to come in and start buying it just because they think they can make a lot of money from their "investment" in a short time. in other words we don't want people who think bitcoin is a get rich quick scheme. that is why price is so volatile sometimes. they keep telling people bitcoin is shit and will fail that they believe it. then they see the rise from $1000 to $2000 and start thinking "what if it was bullshit" then eventually when it is too late and price is $10000 they start jumping on board and create a bubble by doing so which ends up with a crash.
and that is damaging to bitcoin in short term.

[killat]

You can not stop bitcoin,as you cannot stop the development of technology.This news are the manupilation.These bad news about bitcoin are the manupilation techniques of large financial firms.They dont want us ''decentralized'' and ''virtualized'' in economic way.
Bitcoin and known alcoins will rise, you can not stop them.

Note : This is not investment advice.

[ahmad21]

Everybody has got their own point of view regarding the crypto space, all have different perspectives of analyzing things. In fact let us all not get subjective here at this point and share our views on the topic. Economists and scholars are influential people, whatever opinion they give has a bearing on the mindsets of people. And it is right, negative or positive whatever they say, will become a buzzing topic for the media. And it then becomes a media FUD affecting the market in so many ways!!

[coinwizard_]

No one care about academic professors who have probably spent their entire lives with their heads buried in books. Listen to real traders and crypto experts instead

[BitcoinHodler]

if you look at the pr ice of bitcoin that will tell you everything you need to know about why they are doing this.
the price has risen so much and that creates panic among a lot of economists that see their position in the financial system threatened and some others  are doing it to try and create some panic to push the price a little lower so that they can buy bitcoin at cheaper prices and solidify their position in bitcoin while keeping others from coming in yet.

[oathprotocol]

I watched the entire Debate between Richard Heart and Prof. Nicholas Weaver. It is very interesting to see that Prof Weaver always comes up with theoretic approaches and economical explanations while Richard keeps mentioning "Reality teaches us different". I believe that is actually a huge problem within the whole educational system throughout schools and Universities - teachers & professors or even Economists who come up with their own theories.
Reality is different. It goes where emotions go, not where rationality goes. That's also a major part why people invest in crypto on the long run. If the Technology in fact would make the world a better place, fairness, transparency etc,... PLUS you personally can make money by investing, why should you be against it?

That is my theory

[Wind_FURY]

OP, Nocoiners like Roubini, Krugman, and Rickards don't manage money and are paid for their "opinions" to talk in conferences. They might be making some "noise" because they have a new book that's releasing soon. Hahaha.

[oathprotocol]

OP, Nocoiners like Roubini, Krugman, and Rickards don't manage money and are paid for their "opinions" to talk in conferences. They might be making some "noise" because they have a new book that's releasing soon. Hahaha.

Agree. Especially now with tumbling stock markets and the rise of Blockchain & Cryptocurrencies. #watchoutfornewjobs :S