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Somewhat off-topic but I like how lowly Nassim Taleb tends to think about Nobel laureates. “[Bitcoin] doesn’t serve any socially useful function.” If that's wh
by dolguldur 9y ago
Somewhat off-topic but I like how lowly Nassim Taleb tends to think about Nobel laureates.
“[Bitcoin] doesn’t serve any socially useful function.”
If that's what Stiglitz said word by word than he clearly lacks the ability to consider non-American perspectives.
In bubble times like this everybody talks about it, that's what's annoying me most. Everybody is eager to predict the bubble bursting. But few people put their money where there mouth is or just be honorable enough to give more precise predictions and later speak up if they predicted badly. They'd just quietly ignore they said something.
(Which is why I'm personally interested in predictions markets where you could challenge anyone to take a bet on a quantifiable outcome. But it seems they're not ready yet and probably won't be next year either...)