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by masswerk 1459 days ago
In my opinion, the article totally misses the point, which is really, "this is globally detrimental" versus "I can make personal profits".

Edit: On the other hand, it's a somewhat refreshing alternative to the usual exchanges, like, "Did you hear, X is bust?" – "This is, because you don't know how going bust works." – "???". (In essence, it's actually the same, as the alleged real worth of something going bust is the investment opportunity and anyone pointing at the values destroyed just doesn't understand this, since – allegedly – there isn't anything destroyed, but only opportunities created.)

1 comments

Regarding the latter: This is not how Schumpeter works, this was not about investment strategies, or currencies.