Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme


by digest in Finance

Lebanese-American monetary markets guru Nassim Taleb returned to attack Bitcoin on Twitter on unimaginative Wednesday (14) by writing the following: “Bitcoin has failed to be a foreign money,open-Ponzi speculative game.”

Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi

Nassim Taleb: Bitcoin failed as a foreign money and became a speculative ponzi (Image: Atlas Geographica)

WHAT WE WANT CRYPTO & CURRENCY FOR:

1) Foreign money w/o a authorities
2) Exact/pleasant for contracts
3) Inflation indexed retailer of worth — basket of items representative for me.
4) Fleet transactions

Can we enact it?

#BTC failed to be foreign money, open-Ponzi speculative game.

1/n

— Nassim Nicholas Taleb (@nntaleb) April 14, 2021

The tweet follows his February speech this one year, when he moreover aged the social network to pronounce that Bitcoin failed as a retailer of worth. The e-newsletter generated insurrection in an ‘previous friend’ who countered him, the author of the e book ‘The Bitcoin Celebrated’, Saifedean Ammous.

Within the day earlier than as of late’s e-newsletter, Taleb starts with the premise “WHAT WE WANT CRYPTO & CURRENCY FOR”, describing what might perchance be very supreme for him:

“1) Foreign money w/o a authorities
2) Exact/pleasant for contracts
3) Inflation indexed retailer of worth — basket of items representative for me.
4) Fleet transactions”. He concluded with the request, “Can we enact this?”

Wondered by the person ‘Ultra_Mega_BTC’, who stated that “the market is announcing the reverse”, Nassim Taleb called him an “imbecile”.

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