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Taleb is also a bit disingenuous about his change of heart. Instead of directly saying he was wrong, he claims something has changed: > I liked the concept unt

Taleb is also a bit disingenuous about his change of heart. Instead of directly saying he was wrong, he claims something has changed: > I liked the concept until I realized the digital currency w/o govt I had in mind did not pan out: it had mutated into an open-Ponzi sch. That's all good but when exactly did it mutate? What mutated? The concept and protocol have been the same since day 1.

cinntaile 5y ago
I believe his assumption was that bitcoin would become less volatile when the value appreciated and that hasn't happened.
dybber 5y ago
People started speculating rather than buying haircuts, coffe and pizzas as was happening in the early days of Bitcoin.