@Nouriel Fiats for ever were used in traditional finance and life as the media to commit fraud. So what's your point? Please remind us what happened to the financial firm you had opened after 2008.
@saylor Interestingly, the latest problems in crypto space are caused by centralized exchanges and organizations, not by decentralized ones. Perhaps the lesson should be, contrary to regulatory, decentralized currency should be run on decentralized systems.
@Nouriel As a broken clock β°οΈ
Shows correct time twice a day. Eventually he will be correct in his predictions. While risks are high, I don't think this prediction is correct this time. I'm just watching for a black swan event.
@roshanpateI Guy runs after the bus,
Other guy asks him, why?
Guy replies, I am saving one dollar of the bus fair.
So why won't you run after the taxi cab, you would be saving about 20 bucks?
@PeterSchiff This is a very valid consideration. But as it happened during .com bust, market flushed out thousands of worthless companies. It would be reasonable to expect the same. And afterwards GOOGLs and AMAZONs of this world will emerge.