Jack seems to back cryptocurrency—and Bitcoin specifically—as day-to-day cash transaction instruments…
…Though I would still personally weigh Jack’s position on BTC against the positions of career economists such as Paul Krugman and Nassim Taleb etc.
Yes yes both fiat currency (currency backed by governments/nation-states) and cryptocurrency (currency backed by cryptography & blockchain records), all only have value because *we think* they have value.
Fact remains though, it’s easier to buy groceries using fiat currency.
The transaction costs of purchasing groceries using Bitcoin, Ethereum, or any other cryptocurrency is still way too prohibitively expensive compared to conventional currency.
No matter how many pizzas have been bought by BTC in the past.
Dan Lyons, ex-Forbes, former pseudonymous blogger of the Fake Steve Jobs blog? Remember the Fake Steve Jobs blog? I remember. It was fun, I’d even dare say I was a fan.
In this RSA talk I see why he left Hubspot after only about nine months. He just wasn’t a cultural fit. He tells his story in an enjoyable & engaging way though. And I still say that’s Dan’s superpower. He’s an engaging, effective, and funny storyteller. I’m still a fan.
Even though I don’t have any idea where Dan writes nowadays. Maybe he’s retired? I dunno, gonna search maybe…