Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
Lebanese-American financial markets guru Nassim Taleb returned to attack Bitcoin on Twitter on late Wednesday (14) by writing the following: “Bitcoin has failed to be a currency,open-Ponzi speculative game.”
Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi (Image: Atlas Geographica)
WHAT WE WANT CRYPTO & CURRENCY FOR:
1) Currency w/o a government
2) Stable/reliable for contracts
3) Inflation indexed store of value — basket of items representative for me.
4) Rapid transactions
Can we do it?
#BTC failed to be currency, open-Ponzi speculative game.
1/n
Read the latest Twitter threads from @nntaleb on Thread Reader App! Thread Reader Share this page! Nassim Nicholas Taleb. Follow @nntaleb. Comments on “Klueless Massimo”s Account (Massimo Pigliucci) of the Mary Beard (Twitter) debate. A Philosophical Notebook by Nassim Nicholas Taleb. Nassim Nicholas Taleb. — Nassim Nicholas Taleb (@nntaleb) March 29, 2021 Most of the tension resides between 1) Embedded, complexity-minded, multiscale/fractal localism (politics as an ecology/complex adaptive system), and 2) Abstract one-dimensional universalists and monoculturalism (politics as a top-down engineering project).
— Nassim Nicholas Taleb (@nntaleb) April 14, 2021
Nassim Taleb Wisdom
Nassim Taleb Twitter Bitcoin
- Read the latest Twitter threads from @nntaleb on Thread Reader App! Nassim Nicholas Taleb. Follow @nntaleb. Flaneur: probability (philosophy, mathematics), probability (real life), Phoenician wine, deadlifts & dead languages Greco-Levantine #RWRI Uber rating 4.9 423 added to My Authors. Add to My Authors.
- Nassim Taleb Is Not Convinced by Rebuttals, Says ‘Bitcoin Misfits Share the Monocellular Brain’ Following Taleb’s initial tweet on February 12, the author tweeted some more on the 14th,.
The tweet follows his February speech this year, when he also used the social network to claim that Bitcoin failed as a store of value. The publication generated revolt in an ‘old friend’ who countered him, the author of the book ‘The Bitcoin Standard’, Saifedean Ammous.
Nassim Taleb Books Twitter
In yesterday’s publication, Taleb starts with the premise “WHAT WE WANT CRYPTO & CURRENCY FOR”, describing what would be ideal for him:
“1) Currency w/o a government
2) Stable/reliable for contracts
3) Inflation indexed store of value — basket of items representative for me.
4) Rapid transactions”. He concluded with the question, “Can we do this?”
Nassim Taleb Website
Questioned by the user ‘Ultra_Mega_BTC’, who said that “the market is saying the opposite”, Nassim Taleb called him an “imbecile”.
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Most of the tension resides between 1) Embedded, complexity-minded, multiscale/fractal localism (politics as an ecology/complex adaptive system), and 2) Abstract one-dimensional universalists and monoculturalism (politics as a top-down engineering project). We go beyond the verbalism; we rely on information theory, complexity theory, uncertainty approaches (say fragility), and probabilistic rigor to look at politics with the same eyes as we examine highly dimensional interactive elements such as nature, biological systems, internet networks, and medical issues.
Link to Paper – academia.edu/38433249/Scala_Politica