Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Thu Nov 25 13:13:13 +0000 2021

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Matthew Yglesias @mattyglesias

A while back, I understood Bitcoin enthusiasts to be making very strong claims about the eventual replacement of fiat currency by intrinsically scarce digital money and I felt strongly that was wrong. Today I don’t know what we’re debating exactly. — PolitiTweet.org

Posted Nov. 25, 2021 Hibernated

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Matthew Yglesias @mattyglesias

As “arguing about the significance of Web3” has gone more mainstream, I’ve found myself more and more confused about what the actual terms of the debate are and which outcomes would prove which parties correct. — PolitiTweet.org

Posted Nov. 25, 2021 Hibernated

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Matthew Yglesias @mattyglesias

@joshgans But here’s a point of confusion — suppose BTC fully displaces gold among cranks and increases in price 10-fold to equal the “market cap” of gold. Is that a success for BTC bulls (because they got rich) or a failure (because gold is actually dumb)? — PolitiTweet.org

Posted Nov. 25, 2021 Hibernated