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Rahim Taghizadegan (scholarium.at) Profile picture
Rahim Taghizadegan (scholarium.at)
@scholarium_at
The last Austrian Austrian Economist in the direct tradition, the first one to grasp #Bitcoin. Best-selling book author, professor, investor, engineer.
Oct 20 • 13 tweets • 3 min read
As one of the few economists who was also early in Bitcoin, I can dispute some of the opinions presented as facts in this report and thread. I have experienced a continuous "redistribution" of early Bitcoiners to later Bitcoiners. Almost all who went in early for the money have sold soon after. The others lost most due to errors, experiments, failed ventures, listening to "experts", social pressure …
Jan 15, 2023 • 12 tweets • 3 min read
A quite common straw man: praxeology as anti-empirical "armchair" dogmatism that claims immunity to criticism. This could not be further from the truth. A thread to set the record straight ... Menger called his method "causal-empirical". Praxeology is founded in realism and is meant as a tool for understanding ("verstehen") empirical and relevant phenomena, not utopian concepts or ideals.
Nov 15, 2022 • 4 tweets • 2 min read
A sad irony that peak fiat would be #FTX - a "crypto" exchange. Fiat shills at #NYT say "it is just like #JPMorgan" in showing the need for a central bank. Close miss: It is just like JPM a moral hazard of centralized money production, regulation, lobbying, and other collusion. FTX's event "Crypto Bahamas" in April gave it all away when speaker Bill Clinton concluded that "crypto is obviously serious." I'd rather be the jester calling out the naked king than courting the "serious" people in finance and politics.
Aug 4, 2022 • 8 tweets • 2 min read
I have seen criticism of #BTC22 and other Bitcoin conferences for high ticket prices, which are deemed antithetical to the open ethos of Bitcoin. A thread with some thoughts on the issue: That entrepreneurs (in this case, conference organizers) are attacked for high prices is a typical and pernicious effect of inflation. Don't blame the victim and spare your anger for fiat driving up costs.
Jul 24, 2022 • 7 tweets • 2 min read
Thanks, @danheld. I agree that gambling is a significant use case. I just doubt the following implication: People want fun ways to gamble BTC, but it does not deliver, so it loses one onboarding opportunity after another to alts. First, the main argument was that BTC sucked at micropayments. But the main cost of payments is psychological aversion. This is why casino tokens and in-game currencies paid for in bulk up-front are better models for such businesses (no blockchain needed).