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/biz/ - Business & Finance


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2287098 No.2287098 [Reply] [Original]

>Yanis Varoufakis talk at google
https://www.youtube.com/watch?v=P2Zpkz7lK-s
>Technological tricks such as bitcoin can never replace fiat money

Is he right?

>> No.2287136

>technological tricks like commodities trading can never replace owning cattle

>> No.2287142

>>2287098

Hahahahahahaha

"Technological tricks". Yeah sure he is right.

Hahahahaha

>> No.2287147

>cash
ok
>"fiat money"
kek

>> No.2287194

>>2287136
so much this

>> No.2287217

>>2287098
didn't he bankrupt his shithole?
they should be lynching him, not asking him to take the pontium

>> No.2287283

something which has the prime function of speculative gains isn't going to replace fiat
fiat is able to facilitate large amounts of commerce not hoarding paper for it to appreciate

>> No.2287284

>>2287217
No, to be fair, he was made minister of finance like 11 days before greece would run out of money and go insolvent. And then his own people fucked him over because he couldnt magically solve the problems.

>> No.2287301

>>2287284

This

>> No.2287365

is that literally all he said or can you provide a timestamp to here he discusses it? hes quite interesting desu

>> No.2287400

>>2287365
22:00 he talks about Bitcoin
He briefly talks about it because he argues that money has to be something tied to a political process.

>> No.2287533 [DELETED] 
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2287533

>>2287400

removing currency from the hands of the state is as political as it gets

he's rationalizing the eventual irrelevance of his expertise.

>> No.2287605

>>2287098
>the internet will never replace the News paper/Television/Radio etc

yeah welcome to the future old man, you have no place here

>> No.2287691

>>2287098
>taking financial advice from a greek

LOVING EVERY LEL

>> No.2287771

>>2287098
>remember I'm a left winger
And into the trash it goes...
What a fucking joke of a man

>> No.2287804

>>2287691

>tfw Greek
>tfw 43 BTC Blockfolio
>tfw Germans ask money
>tfw fuck you