Replies to Msg. #1223963
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 Msg. #  Subject Posted by    Board    Date   
42786 Re: Zoltan Pozsar: Fed Is "Foaming The Runway" For Big Bank Problems Ahead At Bitcoing 2023
   Today is Bitcoin Pizza Day. I wish I understood bitcoin. Then and now...
ctj1950   6TH POPE   23 May 2023
12:26 AM
42784 Re: Zoltan Pozsar: Fed Is "Foaming The Runway" For Big Bank Problems Ahead At Bitcoing 2023
   

Pozsar was interviewed on stage by BitMEX co-founder Arthur Hayes, who pressed him on whether he owns any bitcoin.

“I don't own any,” Pozsar responded. “I'm observing it. I don't like to dabble in things that I don't understand well.”

Pozsar outlined his pessimism that bitcoin could ever really serve as money, as his historical research has shown him that money has to have a direct link to a government to endure. As a fundamentally decentralized, peer-to-peer network, Bitcoin could not support money that fits his definition.

“The one thing I will say about bitcoin is that money, if you will, is something that is purely public or a public-private partnership,” Pozsar explained.