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I agree with Taleb but what will convince potential buyers that Bitcoin doesn't have some sort of property that makes it a valuable asset: it's abstract nature
by klelatti 6y ago
I agree with Taleb but what will convince potential buyers that Bitcoin doesn't have some sort of property that makes it a valuable asset: it's abstract nature and mystique seems to me to be tailor made for the hype to continue for a long time.
- stewbrew 6y agoMoney is abstract and mystique. You see value in it because of your expectations that build on past experiences. With bitcoins, people have yet to make experiences.
- klelatti 6y agoIndeed. I wonder if buying Bitcoin is the purest form of technological optimism too: faith that the human species is clever enough to find a use for it.
- dragonwriter 6y ago> I wonder if buying Bitcoin is the purest form of technological optimism too: faith that the human species is clever enough to find a use for it. It can be. Can also be the purest form of cynicism, too: the enduring faith that there is a sufficient perennial reserve of tech optimism that the absence of broad practical application won’t prevent their from being a market of activists willing to purchase at higher and higher prices. I suspect a lot is between those extremes, though.
- klelatti 6y agoAgree 100%. It sort of has something for a lot of different groups which I guess is part of the reason for its success.