Why did Nobel Peace prize winning economist Paul Krugman call the Bitcoin Evil?

Question

For those of you who don't know of what the bitcoin is, it's internet money that can't be taxed and will put the central bank out of business.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Krugman sezzzz BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions.

Go read the whole thing.

Stross doesn’t like that agenda, and neither do I; but I am trying not to let that tilt my positive analysis of BitCoin one way or the other. One suspects, however, that many BitCoin enthusiasts are, in fact, enthusiastic because, as Stross says, “it pushes the same buttons as their gold fetish.”

Answer 1

Sorry, Bitcoin was blessed by Bernanke before he left office. Trust me, it will be the currency of the central banks if necessary. International currency plays into the hands of the NWO and Bitcoin could easily be regulated when it got big enough to be useful to the international globalist cabal. The cabal controls everything. I even wrote an ebook about it. Examples of Globalization which discusses digital currency and forced bank accounts, etc.

Answer 2

Krugman's rant is off base from the real problem which is security. With the P2P network it is a hackers haven. - Your bitcoins are saved in a virtual wallet that you can store either on your computer or in a cloud. If you store your bitcoins in a cloud, they’re susceptible to online hackers who may access the server that’s holding your virtual money. If you store the bitcoins on your computer, you can lose them to a virus or to your own actions if you mistakenly delete them.



The bitcoin system has become very popular for criminals due to the fact that these virtual coins are not linked to any personal information. Users can exchange bitcoins with one another without ever trading names, email addresses, or other information. It’s very difficult to trace bitcoins back to someone. Both buyers and sellers who are engaged in illicit activities are sure to see the lure in this type of system.

Answer 3

Bitcoin is just as bad as the fed.

The whole credit card boom of the 90s was to get us on digital currency, but people go in debt thus the credit card agenda failed we still use paper. If we move to bitcoin it would be a success and what they tried to do we do to ourselves helping them create a paperless society their goal.

" If its one a screen you don't own it"

gold and other metals is the only true currency of the world.

Answer 4

I am still having dificulty wrapping my mind around the fact that Paul Krugman won a nobel prize in Economics. They should have just dug up John Maynard Keynes and gave it to him!





Krugman is a leftist BIG TIME and as such, he is looking forward to the day that the whole world uses one currency. So naturally he is for seeing currencies disappear, net emerge.



That is all,

Answer 5

Before you hang too much creedence on getting a Nobel prize, let's recall 0bozo got one for doing zippidy do dah. They heavily favor far left nutjobs, like Krugman. There's no way it will put the central bank out of business.

Answer 6

Bitcoins are amazing! You can get them for free too. Here's the link, hope it helps. Good luck!

Answer 7

krugman is an uber liberal that loves taxes so it only makes sense that he would hate the bitcoin because it can't be taxed.

Answer 8

bitcoin is bullsh*t backed by no real value, it's basically giving real money for nothing, it's a scam

Answer 9

Krugman is a globalist stooge .

Answer 10

It's probably demonic and could even be the anti-Christ. Does it have "the mark of the beast?"

Answer 11

you will lose all your money( if you have any) like the idiots that thought the world was going to end.

Answer 12

Satan insists that YOU are evil.



So just dismiss Krugman.

Answer 13

The freedom of speech is really annoying when you don't agree with the opinion expressed, isn't it?

Answer 14

OMG !!! He won that award too?