Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
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Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#2No post body was provided.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#3Without (any) skin in this game, isn’t this proclamation a bit mature? The nature of Bitcoin right now seems speculative, but will that be true also when the mining phase is over?
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#4True. But so what? The market can stay irrational for a long time and there is money to be made by taking advantage of this ponzi.
Arguing about this is not useful.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#5This year may be the year that cryptocurrency acquires a purpose.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#6It's a store of value, which is not too far from a currency. It is also an inefficient currency that is related to some that aren't so inefficient.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#7Without (any) skin in this game, isn’t this proclamation a bit mature? The nature of Bitcoin right now seems speculative, but will that be true also when the mining phase is over?
when is the mining phase over?
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#8Dogecoin 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!
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#9As many have argued before me. Bitcoin will probably not be useful as a every day currency, but more useful as a store of value and long term investment. There are other cryptocurrencies that are faster, have lower transaction fees, provide anonymity and are just as easy to use.
Re: Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
#10This year may be the year that cryptocurrency acquires a purpose.
what kind of purpose