You’ll be shocked to learn that another ivory-tower economist doesn’t understand Bitcoin.
“The core of Crenshaw’s critique is that these bitcoin exchange-traded funds are based on bitcoin assets, which themselves are largely unregulated and traded on dark platforms in many parts of the world. There is little transparency as to what determines the prices of bitcoins and there is a lot of evidence that they are manipulated and subject to fraudulent practices, often without recourse.”
Long may the dark platforms reign.
https://truthout.org/articles/secs-approval-of-bitcoin-markets-may-set-the-stage-for-financial-disaster/
Oh man, that's sad. Is this the level of gossip and bullshit that's going around? I did not know it had reached this level.
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Friend, this is the least of it.
I find it surprising because the initial bitcoin paper is not that complicated. It makes things pretty clear.
I doubt most critics have even bothered to read it. Economists, like all academics, are now in the business of intellectual derivatives.
