kazlife on Nostr: In this episode saifedean had an interesting rip with cory about Eugene Fama’s ...
In this episode saifedean (npub1gdu…6nak) had an interesting rip with cory (npub18p6…0k8k) about Eugene Fama’s recent BTC comments. Saif mentioned that none of the prominent economists have paid attention to his book, The Bitcoin Standard, even after Bitcoin has ripped 10x since he published it.
My immediate thought about the reason why they don’t pay any attention is because Saif’s book and actionable advice (just buy Bitcoin and hodl) makes all of those professors and fiat economists completely obsolete. Their models, theories and classroom rhetoric is idiotic when compared to just buying bitcoin. None of them want to realize that their life’s work has led to nothing, but that’s the sad reality.
If I can outperform every hedge fund in the world, all of them are going away, whether they realize it or not.
https://fountain.fm/episode/WcY17DBUxKtRSh3y6b7B
My immediate thought about the reason why they don’t pay any attention is because Saif’s book and actionable advice (just buy Bitcoin and hodl) makes all of those professors and fiat economists completely obsolete. Their models, theories and classroom rhetoric is idiotic when compared to just buying bitcoin. None of them want to realize that their life’s work has led to nothing, but that’s the sad reality.
If I can outperform every hedge fund in the world, all of them are going away, whether they realize it or not.
https://fountain.fm/episode/WcY17DBUxKtRSh3y6b7B