Bitcoin’s “Flintstones Money” Attack Gains Traction

The problem for Classic Finance is that their Mainstream Media defenders are of a certain age group which doesn’t really appeal to younger investors like millennials as they flock to the cryptosphere.

Therefore in order to get their message across that Bitcoin is evil, a bubble and used by criminals, they need to come up with different stories that have a further reach. One of those, namely the Flinstone shells story by Nouriel Roubini, has apparently appealed to other Bitcoin bashers.

So much so that another defender of Classic Finance is now copying it in her own version. Roubini could probably win some copyright money if he tried to sue Gillian Tett.

Flintstones shells

Nouriel Roubini, who this week in the Guardian threw WallStreetBets, GameStop and Bitcoin all in the same bucket as people who’ll lose out in the coming depression, has been making the rounds on mass media for weeks now. He is mostly a shill for classic finance these days, trying to defend the banks’ monopoly just as crypto gains worldwide traction

One of his more entertaining quotes as of late (he seems to have stopped complaining about Tether ever since they settled their court case) about Bitcoin is that the best-known cryptocurrency has less value than the preferred medium of the Flintstones, namely shells.

According to Roubini, these shells, which were hard to find in the time of cavemen and therefore are comparable to Bitcoin which is hard to mine, also proved futile in the end as shells were replaced by actual copper and metal coins when agriculture made its way into human history.

Gillian Tett, one of the prominent authors of the Financial Times who’s been commenting on behalf of classic finance for years, seems to have copied that viewpoint now as she compared Bitcoin to the ancient stones of Micronesia.

Apparently Scott Fitzpatrick, an archaeologist at the University of Oregon, and Oregon business school professor Stephen McKeon have written extensively about the stone money system which once existed on the Micronesian island of Yap.

The stones were known as Raid and, according to both professors keen on luring some of the younger generation to their newly published book, they represented “an exemplary ancient analogue to blockchain” (the technology that powers Bitcoin).

Younger generation

I’ve made this point before in order to help classic finance in their endeavor to successfully attack the cryptosphere as we would welcome some adversaries: if you’re going to hire Janet Yellen (US Treasury Secretary), Christine Lagarde (ECB President), Nouriel Roubini (NYU Professor of Economics) and Gillian Tett (Financial Times columnist) to defend your interests and attack crypto, please make sure they use references that crypto enthusiasts can understand.

The Flintstones is fun, but I doubt any millennial has ever seen it on TV as it ran from 1960 until 1966. Those investing in crypto were born in the 1980s or later. I mean perhaps a Simpsons reference would have made more sense…. just trying to help of course.

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