In this episode with Bitstein, we break down Paul Krugman’s errors in his NYT “Transaction Costs and Tethers: Why I’m a Crypto Skeptic” column, as well as other topics:

  • Mischaracterisation of what money’s purpose is
  • Krugman’s ‘nirvana fallacies’ in money
  • Why fiat money is an aberration and more akin to a ‘fad diet’ than bitcoin
  • Why Everyone Is a Scammer and the Scammer heuristic
  • Bitcoin Maximalism – is it descriptive or prescriptive?
  • UNIX philosophy

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