Article link – The Blockchain Pipe Dream
In short: Nouriel and Preston are tarring the entire space with one brush. They’re correct that there’s a lot of overhyped products in the “blockchain technology space”. However, also not correctly distinguishing why bitcoin exists as sound money to replace central banking and government control over money.
If you don't first understand what's wrong with fiat money credit expansion, you won't see why bitcoin is so valuable. You'll be doomed to nocoiner ideology
— Stephan Livera (@stephanlivera) March 6, 2018