Karl Denninger -- The Coming Market Crash? 1) Why we are most likely to have a market crash like 2000 and 2008 (2) The European problems, and how they are likely to occur here. (3) Why he thinks there should be a CISPA bill (with many changes to it though), unlike many limited govt guys. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ... He should compare the bitcoin network with the entire banking system. Comparing the usability of a bank-note with bitcoin is like comparing the linux kernel with an iPhone. And bitcoin is still in its infancy. It doesn't have to perfectly apeal to Karl Denninger. But let him try to send money from one remote place in the world (where ... Once you get past the childish title, the recent bitcoin piece from Karl Denninger raises some issues that warrant consideration from bitcoin economists. Denninger is an intelligent student of the capital markets and his essay deserves a serious reply. The economic contribution of his essay is that it represents the thesis advanced by German economist Georg Friedrich Knapp in The State Theory ... Karl Denninger wrote a post back in April called BitCon, which was about why he believe that bitcoin won’t work.Jon Matonis offered a great response, but I wanted to elaborate in more detail on a few places that Jon may not have addressed.. Time preference and money supply. First let discuses time preference and social time preference. As Karl stated in his essay below: Karl Denninger bashes Bitcoin, proves again how annoying he is and his lack of open-mindness.
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