Yesterday on January 11 the American economist and professor of economics, Paul Krugman, seemed pretty excited about The North American Bitcoin Conference not being able to accept bitcoin for tickets. Krugman tweeted our recent article to his 4 million followers gloating that bitcoin is “too clunky and expensive.”
Does Bitcoin’s Fee and Congestion Issues Give Paul Krugman the Upper Hand?
On January 10 news.Bitcoin.com reported on the unfortunate predicament organizers of The North American Bitcoin Conference (TNABC) had to deal with — due to fees and network congestion, TNABC stopped processing bitcoin payments for tickets. The news spread like wildfire throughout the cryptocurrency community, with people clamoring about how depressing it was one of the largest bitcoin conferences couldn’t accept the cryptocurrency for entry into the event. The economist and New York Times contributor Paul Krugman thought the subject was interesting as well when he tweeted our story yesterday. Krugman states to his Twitter followers:
Krugman’s Odd Technological Predictions
Krugman has always been a ‘hater’ towards bitcoin and cryptocurrencies in general, unless they are produced by a centralized entity. The renowned economist has always had an interesting way of describing the currency’s demise. However, most people don’t take his commentary seriously, as his theories and predictions have always been odd. Read More Here