this post was submitted on 09 Jul 2024
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Except the IMF, World Bank, Moody, Standard and Poor, etc.
lol
They don't trust it, they just have no other figures to work off. China has a long history of faking numbers or suddenly stopping the publishing of numbers when it can make the party look bad. https://www.bloomberg.com/news/articles/2023-08-16/china-is-hiding-more-and-more-data-from-the-rest-of-the-world
Ok, be mad. A 15 year trend of growth on average no matter how you measure it: market cap, number of nodes, transaction volume, transaction capacity, etc. If you have thought Bitcoin was a scam or a bubble about to burst or whatever, you've been wrong 15 years in a row, maybe it's worth reconsidering. Because it's not just crypto bros using or investing in it now, it's national treasures, it's big banks and finance. But you know, on year 16 you'll finally be proven correct, right?
That's why they publish it. Not like there are (western adaptations of) the Li Keqiang Index
Obtuse way to say that the category 16-24 olds are studying and not part of the labour force
Based.
If you think that's the critique of bitcoin then you have been blinded by techbros optimizim on the tech. Also it's funny how you wave away bitcoin using up 1% of global electricity usage lol