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there is a wonderful irony to Taleb saying this because his ideas, especially the concept of having 'skin in the game,' have been extremely popular among the mo
by ChainOfFools 6y ago
there is a wonderful irony to Taleb saying this because his ideas, especially the concept of having 'skin in the game,' have been extremely popular among the most ideologically orthodox of the Bitcoin crowd.
This remark smarts only slightly less than if someone like Satoshi or Nick Szabo came out and called Bitcoin a failure, or at least admitted it was fated to become a naturally occurring Ponzi all along.
unfortunately I suspect that Taleb is merely setting up a pivot into some other crypto ponzi wherein he is better positioned to realize gains (and the guru praise he craves) from diverting his followers away from Bitcoin. I wouldn't be surprised if that "not Bitcoin" turns out to be Ethereum.
- toyg 6y agoOr he needs the price of Bitcoin to dip a bit so he can invest more. I’m sold on Bitcoin as “digital gold”, but for highly-visible entities it’s way too easy to game without repercussions. E.g. Musk likely has a bunch of patsies ready to buy and sell before or after one of his outbursts. You do that with actual commodities or companies, you go to jail; you do it with bitcoin, and people just shrug, “oh well, anyone in that market knows it’s wild”.
- inglor_cz 6y agoTaleb is in the business of selling books. He does really well in this sector. I think he prepares his readers for a future book "Why Bitcoin failed", written as soon as the price tanks. Well, it might already be in the process of writing.
- aero-glide2 6y agoBtw, what happened to Nick Szabo? He was very active on Twitter (mostly posting weird stuff) but suddenly stopped About a month ago.