Paul Krugman may be a world-renowned economist, but his acumen on the subject of cryptocurrencies is way off base. After several attempts at bashing digital currencies using rationale that does nothing more than leave people scratching their heads, Krugman has shown to be nothing more than a spreader of FUD (fear, uncertainty and doubt) and completely void of any real understanding on the subject. He has previously tried to argue against crypto using the same boring anecdotes heard over and over\u2014it has no real value, it is only good for illicit activities\u2014but continuously ignores the fact that the same arguments can easily be said for fiat. Krugman is at it again, trying to disprove crypto\u2019s merit as a global currency and, as usual, falls completely flat. In a recent New York Times op-ed piece, Krug said that \u201ctransferring\u2026a cryptocurrency unit requires providing a complete history of past transactions.\u201d Crypto transactions are available for review\u2014there are a number of blockchain explorers available to facilitate examination\u2014but past history has no bearing on new transactions. He also indicated that \u201c\u2026 need the digital equivalent of biting a gold coin to be sure it\u2019s the real deal.\u201d The verification is in the transaction, the same way a credit card verifies account balances when approving a purchase. To date, cryptocurrency transactions are still the most secure, most reliable type of transactions available. Krug then attempted to show how irrelevant crypto would be if crypto enthusiasts suddenly got cold feet, noting, \u201cIf speculators were to have a collective moment of doubt, suddenly fearing that Bitcoins were worthless, well, Bitcoins would become worthless.\u201d In more than one collective moments of doubt, fiat economies have suffered tremendously because of sudden and massive withdrawals of cash from banks. Worse yet, governments have forced economies into the gutter due to a number of reasons, an example of which we can see today in Venezuela. The economist has a history of being wrong on world-changing innovation. In 1998, Krugman said, \u201cBy 2005 or so, it will become clear that the Internet\u2019s impact on the economy has been no greater than the fax machine\u2019s.\u201d Au contraire, mon ami. No one could argue against the important role the Internet plays in propelling economies\u2014both regional and global\u2014today. We get it. Traditional finance stalwarts have a hard time dealing with change, as has been the case with supporters of virtually every major advancement throughout history. In an effort to maintain their level in the food chain, the supporters begin grasping at straws, looking for any reason to knock the competition down. However, all they\u2019re doing, in reality, is furthering the expansion of whatever industry they want to suppress, creating more awareness and more acceptance. No matter how hard some may try to desperately cling to the past, the future is always going to prevail. In this case, the future is cryptocurrency.