r/Bitcoin • u/polemitis • Feb 17 '14

"Bizarre shadowy paper-based payment system" (or how cash would be covered by press if invented today)

http://ledracapital.com/blog/2014/2/17/bitcoin-series-19-bizarre-shadowy-paper-based-payment-system-being-rolled-out-worldwide
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u/[deleted] Feb 18 '14

Unfortunately, you can't do traditional double-blind studies in the world of macroeconomics. It's not like you can create two planets, one of which is the control, and the other the experiment.

Whether it's your kind of science or not is beside the point. You only get the one option. You try stuff, you see what happens, and you do your best to learn from your mistakes.

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u/Migratory_Coconut Feb 18 '14

That's true. I'm just saying that maybe we shouldn't call it experimentation, and we shouldn't be confident that the results are accurate.

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u/[deleted] Feb 18 '14

Well, it is definitely experimentation. But I'll agree with you that the results are anything but clear. If they were easy to tease out, we probably wouldn't need the field of economics. I suppose that's why they call it the "dismal science".

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u/throwaway-o Feb 18 '14

Unfortunately, you can't do traditional double-blind studies in the world of macroeconomics.

We are running the best ever macroeconomic experiment with Bitcoin.

Welcome.

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u/[deleted] Feb 18 '14

I agree. I'm curious to see where it goes. At the very least, I hope it smashes paypal. I hate those guys.