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Nassim Nicholas Taleb has the most direct analysis of this. In his paper he explains that crypto coins are inherently unstable securities which over time conver
by m0llusk 4y ago
Nassim Nicholas Taleb has the most direct analysis of this. In his paper he explains that crypto coins are inherently unstable securities which over time converge to zero value.
- lawn 4y agoThat's not really what he says. He says that Bitcoin, as a store of value but not a medium of exchange, converge to zero.
- jrm4 4y agoTrue to form, he's only talking about Bitcoin and not other cryptocurrencies (he makes it a point to not discuss things he's not familiar with or hasn't traded himself) I don't know what he's mentioned publicly in writing, but he did like a tweet I made suggesting that what analysis applies to BTC may not apply to other cryptos, and yes I did fanboy out quite a bit after that happened ;)