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The aircraft carrier builder could probably give a concrete explanation for why the long boat builder's understanding of buoyancy is flawed, and also demonstrate why his model works better for both his boat and the long boat builder's boat.

Similarly, if you're going to assert that current economic theories don't apply to BTC because it's special, then you better be prepared to follow that up with an enumeration of what those special characteristics are and why they matter. And then you better be prepared to follow that up with a new theory of economics that does a better job of explaining the behavior of both BTC and other currencies as well.

Otherwise it's impossible for others to distinguish a credible objection from wishful thinking. Which is a kind of critical distinction to make, because history tells us that whenever the price of something starts going up rapidly and people start talking about how the economic orthodoxy doesn't apply anymore because this time it's different, nearly 100% of the time what happens next is a tragedy.




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