Can you point out what is low quality about it? Right now it seems that you are just making that claim because you disagree with the thesis of the article.
e.g. https://www.txstate.edu/philosophy/resources/fallacy-definit...
e.g. https://www.txstate.edu/philosophy/resources/fallacy-definit...
If he were to talk about decentralization/distribution vs centralization along with who controls the fiat money supply & who benefits & who does not benefit from the fiat central bank policies, then he would at least begin to broach the subject of why crypto currencies are being adopted.
Is that why crypto is being adopted? Are you serious?
I bet nearly no one who buys crypto even knows what fiat money is nor have they have a clue as to the ideas of the Austrian school of economists. We live in an age of memes and discords.
Crypto and NFTs are primarily being adopted because they are speculative vehicles that generally go up and to the right. It is quite simple.
You're uninformed.
GS, BofA, Barclays, Citi, CS, DB, JPM, MS, UBS, WF and countless funds.
The current hype cycle would be nothing without the institutional support.
But even before institutional investors started jumping in, traders and other employees of the above institutions have long been a key part of crypto markets.
Again, they do not care about fiat or the Austrian school of economics. Of course they know what those things are but they do not care about them at all.
This is the repeated refrain of crypto believers. "You just don't get it." And yet when I ask someone to explain it to me (not the technology, the economics) I get hand-waving, self-contradicting promises (e.g. universal identity + resistance to censorship), and appeals to greed ("you must like being poor").
When faced with this, I'm often reminded of Richard Feynman's oft-cited belief that "if you can't explain it to an undergrad student, you don't really understand it". So my conclusion is that either nobody understands cryptocurrency economics and thus no one has been able to sufficiently explain it or the explanations I've heard are complete and accurate - i.e. I do understand it, and it's an emperor with no clothes.
https://open.spotify.com/episode/1SI7tFrzOXyeQ8NLVFgIRU?si=o...