Wait, isn't this the guy with the whole shpeel about having skin in the game? And, didn't he also sell most of his BTC in February? If so, then I guess he would want us to just ignore him.
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Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
41–50 of 449 posts
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#42What I want is an inflationary cryptocurrency, not a deflationary one. Make an actual currency, not something to speculate on.
If you want something inflationary, why not a basket of currencies via the traditional finance system? One reason I like Bitcoin is because it's a deflationary asset which makes it unique among most other assets.
This site is overwhelmingly negative towards Bitcoin, but I feel like the negativity would only make sense if you had to make a binary decision to put most of your wealth in Bitcoin or none of it.
Having just some Bitcoin say 5%, is a reasonable way to preserve your wealth against what I find to be a very opaque system of finance where a lot of trust is being placed in a handful of people to keep things running smoothly.
If the U.S. government, the Federal Reserve, some crazy trade-conflict or other global unforeseen event takes place that results in unusual currency fluctuations, it's nice to have some of my wealth contained in a digitally secure global financial system.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#43That "article" doesn't add anything beyond the fact that "this guy wrote a tweet and here's what it said". Why is such low quality filler getting traction on HN? Is it because anti-crypto posts push people's buttons? Every day there is something like this posted, and like clockwork the comments are full of the same arguments both on the pro and anti crypto sides. Am I an idiot for expecting better from HN?
HN got very popular in the last few years, so I guess it became much harder to moderate.
I wish the rules got stricter over time (stay strictly within the hacker/startup/tech mindset), but also as software is now a multi-trillion dollar market, politics has to be involved.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#44That "article" doesn't add anything beyond the fact that "this guy wrote a tweet and here's what it said". Why is such low quality filler getting traction on HN? Is it because anti-crypto posts push people's buttons? Every day there is something like this posted, and like clockwork the comments are full of the same arguments both on the pro and anti crypto sides. Am I an idiot for expecting better from HN?
HN got very popular in the last few years, so I guess it became much harder to moderate. I wish the rules got stricter over time (stay strictly within the hacker/startup/tech mindset), but also as software is now a multi-trillion dollar market, politics has to be involved.
>I wish the rules got stricter over time (stay strictly within the hacker/startup/tech mindset)
That was never a rule to begin with.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#45Earlier quoted context omitted.
HN got very popular in the last few years, so I guess it became much harder to moderate. I wish the rules got stricter over time (stay strictly within the hacker/startup/tech mindset), but also as software is now a multi-trillion dollar market, politics has to be involved.
>I wish the rules got stricter over time (stay strictly within the hacker/startup/tech mindset) That was never a rule to begin with.
There's a rule about not making jokes, which already distinguishes HN from almost all other forums in the world.
Also there are some topic based bans, which is really hard to do well, as there are new things happening in Bitcoin (i.e. a new soft fork, or ETF being approved or not approved) that should be able to go through the filter.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#46Also, Ethereum failed at everything that smart contracts originally promised and became a Ponzi Construction Kit.
You obviously haven't checked in on the Ethereum ecosystem recently and looked at all the innovation there...
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#47Earlier quoted context omitted.
>I wish the rules got stricter over time (stay strictly within the hacker/startup/tech mindset) That was never a rule to begin with.
There's a rule about not making jokes, which already distinguishes HN from almost all other forums in the world. Also there are some topic based bans, which is really hard to do well, as there are new things happening in Bitcoin (i.e. a new soft fork, or ETF being approved or not approved) that should be able to go through the filter.
>There's a rule about not making jokes, which already distinguishes HN from almost all other forums in the world.
There isn't actually a rule against making jokes, humor tends to get downvoted because few people are as funny as they think they are, and HN has a thin skin.
And as far as other forums go, you can find plenty of niche subreddits which moderate humor and off-topic conversation far more strictly than HN does, such as /r/askhistorians.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#48An honest question, understanding crypto and its true viability as a non-fiat currency or an anti-inflationary digital gold is simply above my pay-grade. I'm wondering if there are any smart plays out there to take advantage of the volatility and/or the inefficiencies in the blockchain that has zero directional delta exposure to the underlying crypto-market. I'm talking about the exploiting the inefficiency of some c…
I wish I understood half of your words :)
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#49Dogecoin has an actual use case though, it is called wealth transfer, and it is doing a damn good job at it. Just make sure you aren't at the bottom of the barrel but someone else is. Life is hard, we need to eat other people to survive. Deal with it. Long live Dogecoin!
So all ponzi schemes are OK because uh -> "wealth transfer?"
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#50What I want is an inflationary cryptocurrency, not a deflationary one. Make an actual currency, not something to speculate on.
Dogecoin promises just that, and could become a nice medium of exchange.