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Comment by traeregan | Hacker News Reader

The article is from mid 2019, and is also paywalled.

It's also by Nouriel Roubini, a well known crypto critic. Keep those biases in mind as you read his work.

So he's not financially incentivized to talk positively about Bitcoin et al - which everyone reading anything positive about Bitcoin et al should keep in mind?

Frankly, I have yet to find a site/person that writes positive about any cryptocurrency and not have some stake in it.

To me, it feels like a multi level marketing scheme, where all these sites and sources and people just try to drive up the price.

You should view the Cryptocurrency lecture at MIT, which was given by Gary Gensler, who will be the new leader of the SEC. There are references and readings for both sides and good discussions.

Very good overview of cryptocurrencies, even some students have created cryptocurrencies.

Downvotes for you but no one providing evidence to the contrary..

There's no evidence you can provide to someone like this. You show them some statements from the incoming SEC chairman and you'll be met with either "well here probably owns crypto" or "what he's saying isn't true".

Why should the incoming SEC chairman saying positive things about Bitcoin be received as credible though? You do understand that regulatory capture is a problem in all industries, and the structure of Bitcoin overlays perfectly with Pyramid/MLM schemes, right? Those are simply truths, just because someone reaches a certain position in society doesn't make what they say automatically valid or void of bias and indoctrination.

It'd be very unlikely for someone to see merit in cryptocurrency and not subsequently acquire a stake in it.

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