Read_855 - The Great Capitulation

"Panic is rising. Bitcoin, the way out of their giant
Ponzi scheme, does not want to die, but the survival of the fiat
system depends on the lack of an alternative. The entire system
is therefore in danger."
— Alexandre Stachtchenko



The ECB is at is again with a new, 20 page "research" paper on
the economic dangers of a possible future in which Bitcoin
survives. Yes it's just another pile of drivel from the same
authors who have decried Bitcoin as a useless, empty bubble
destined for a quick and embarrassing death. Yet the
embarrassment seems to turn the other way when the bubble still
doesn't pop, and Bitcoin still doesn't die.


Despite the obvious intellectual dishonesty permeated throughout
the paper, is there a more fundamental capitulation in their
framing? Have they actually conceded something critical despite
their careful attempt to show no signs of any possible benefit to
Bitcoin whatever? Is there a sense of panic in their words?


Check out the original article at The Great Capitulation by
Alexandre Stachtchenko (Link: https://tinyurl.com/3sczkspe)


 


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