RE: Can Bitcoin Scale on Today's Computers? Do We Need 2nd Layer Solutions to Compete with VISA? by phamnuwen

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· @phamnuwen ·
I have seen nothing that would lead me to believe that Roger is a Keynesian. If your evidence is Song's recent video, then you just don't have much of an argument. Song might be a great technical guy, but he seems to misunderstand Keynes and/or Roger.

As usual, the BTC supporters seem to be low on economics knowledge. The video is on Youtube if anyone is interested.
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@talltim ·
Oh look, another Cashie spouting off with no references, citations, or any kind of in-depth description.

Its just "wrong". *Suuuuuuure* Cashie, sure.

For the smarter among you, here's the video the Cashie doesn't understand:

https://www.youtube.com/watch?v=5gMlldJ6myA
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@phamnuwen ·
Yes, that's the video. It makes my point (for anyone who has the most basic knowledge of Keynes' theories). I thought this was obvious.

If it wasn't: Mr. Song is conflating currency debasement as a means to spur spending (Keynes) with currency being useful in commerce.

Roger has (to my knowledge) never supported "forcing" people to spend. He just wants people to have that option.

A crypto with only SOV and no MOE is not going to work. People will just move their funds to cryptos that have both qualities.
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@talltim ·
Again, Cashies seem to have trouble isolating important concepts.

In the video, Jimmy immediately defines why he is posting it:

>Roger Ver says that everyone should use Bitcoin as a means of exchange, or else it is worthless

*(In the same point, talking about Roger Ver)*

>You need to use it, even if you don't want to because it helps the economy - just like central governments do

This is precisely what he's talking about - Roger espouses this notion that you NEED to spend, or else it isn't worth anything.

That is a **KEYNESIAN** strategy -- centered around spending to boost economic growth.

But again, I'm arguing with a Cashie that doesn't care what Roger says, as long as it aligns with the view that Bitcoin is "bad" and your alt-fork is somehow the answer.

It isn't, and from every metric I can see -- a majority agree with me.
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