Taleb: Bitcoin, Currencies, and Bubbles
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Taleb: Bitcoin, Currencies, and Bubbles
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Re: Taleb: Bitcoin, Currencies, and Bubbles
#2Heartened to see Taleb taking a skeptical stance on Bitcoin and crypto - last time I looked into it he was a proponent due to its decentralization and existence outside the monoculture of mainstream finance.
The sooner we can move past these staggeringly inefficient environment-destroying pump-and-dump schemes the better off we'll all be.
Re: Taleb: Bitcoin, Currencies, and Bubbles
#3Heartened to see Taleb taking a skeptical stance on Bitcoin and crypto - last time I looked into it he was a proponent due to its decentralization and existence outside the monoculture of mainstream finance. The sooner we can move past these staggeringly inefficient environment-destroying pump-and-dump schemes the better off we'll all be.
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Re: Taleb: Bitcoin, Currencies, and Bubbles
#4Taleb has absolutely destroyed his credibility by speaking at the "Coingeek" conference and sharing a stage with "Craig Wright"
https://www.urbandictionary.com/define.php?term=Taleb%27ed%2...
Re: Taleb: Bitcoin, Currencies, and Bubbles
#5Heartened to see Taleb taking a skeptical stance on Bitcoin and crypto - last time I looked into it he was a proponent due to its decentralization and existence outside the monoculture of mainstream finance. The sooner we can move past these staggeringly inefficient environment-destroying pump-and-dump schemes the better off we'll all be.
Something can be overvalued without being worthless. Also, the environment argument is inconclusive. Using a lot of power isn't the problem, it is how the power was generated and whether or not it was excess capacity
Re: Taleb: Bitcoin, Currencies, and Bubbles
#6Taleb has absolutely destroyed his credibility by speaking at the "Coingeek" conference and sharing a stage with "Craig Wright" https://www.urbandictionary.com/define.php?term=Taleb%27ed%2...
And so what? I haven't watched his talk, but by the summary of it it seems like his talk was consistent with his previous statements. Did Snowden destroy his credibility when he "shared the stage" with the scammer in this video?
https://www.youtube.com/watch?v=Hv3UC4lz3oQ
It seems to me that the only thing that matters in most of the "crypto community" is that you are contributing to the price going up. When Musk took away the ability to pay with bitcoins the hate for him in every crypto subreddit went through the roof. No one gave a shit about his reasoning. I have a feeling the hate for Taleb is the same, he is not contributing to the price of bitcoin going up, so he is hated by those who have invested in crypto.
Could you be more specific on how he has "destroyed his credibility", is it simply because he is negative towards crypto?
Re: Taleb: Bitcoin, Currencies, and Bubbles
#7Taleb has absolutely destroyed his credibility by speaking at the "Coingeek" conference and sharing a stage with "Craig Wright" https://www.urbandictionary.com/define.php?term=Taleb%27ed%2...
And so what? I haven't watched his talk, but by the summary of it it seems like his talk was consistent with his previous statements. Did Snowden destroy his credibility when he "shared the stage" with the scammer in this video? https://www.youtube.com/watch?v=Hv3UC4lz3oQ It seems to me that the only thing that matters in most of the "crypto community" is that you are contributing to the price going up. When Musk too…
I could be more specific, but I would risk getting sued by Craig Wright and his friends
I want to leave you with this quote though
> “First ethical rule: If you see fraud and do not say fraud, you are a fraud.”
> ― Nassim Nicholas Taleb, Antifragile: Things That Gain From Disorder
Re: Taleb: Bitcoin, Currencies, and Bubbles
#8Earlier quoted context omitted.
And so what? I haven't watched his talk, but by the summary of it it seems like his talk was consistent with his previous statements. Did Snowden destroy his credibility when he "shared the stage" with the scammer in this video? https://www.youtube.com/watch?v=Hv3UC4lz3oQ It seems to me that the only thing that matters in most of the "crypto community" is that you are contributing to the price going up. When Musk too…
I could be more specific, but I would risk getting sued by Craig Wright and his friends I want to leave you with this quote though > “First ethical rule: If you see fraud and do not say fraud, you are a fraud.” > ― Nassim Nicholas Taleb, Antifragile: Things That Gain From Disorder
So you are actually saying that the reason that Taleb has "destroyed his credibility" is that he shared a stage with Craig Wright, it has nothing to do with anything he has said?
Re: Taleb: Bitcoin, Currencies, and Bubbles
#9Heartened to see Taleb taking a skeptical stance on Bitcoin and crypto - last time I looked into it he was a proponent due to its decentralization and existence outside the monoculture of mainstream finance. The sooner we can move past these staggeringly inefficient environment-destroying pump-and-dump schemes the better off we'll all be.
Something can be overvalued without being worthless. Also, the environment argument is inconclusive. Using a lot of power isn't the problem, it is how the power was generated and whether or not it was excess capacity
> Something can be overvalued without being worthless.
Nothing is worthless[1].
Everything worth something to someone at some time.
But some things will be worth much less to everyone at another time.
--
[1] that includes negative prices also, but that because of the externalities, i.e. deflation, storage costs, or pre-existing contractual obligations
Re: Taleb: Bitcoin, Currencies, and Bubbles
#10You should look into Ethereum 2.0. And probably buy some.