Confidently Misunderstanding Bitcoin Steve Hanke

Economist Steve Hanke of Johns Hopkins College is well-known within the Bitcoin neighborhood for posting innumerable variations of the same tweet — “Bitcoin is just too unstable and has a elementary worth of 0.” (I think he nonetheless hasn’t learn my essay on how to consider Bitcoin’s worth.)

However in a latest opinion piece, “How Innovative Is Crypto?”, Hanke tried his hand at some new arguments. The essay is subtitled, “The case for crypto as a driver of innovation is skinny.” In it, Hanke purports to point out that cryptocurrencies aren’t that progressive. Right here, I’ll present how he fails.

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