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In reply to the discussion: 'Black Swan' author Nassim Taleb says bitcoin is an open Ponzi scheme and a failed currency [View all]efhmc
(14,721 posts)38. There is a movie about it. Pretty good.
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'Black Swan' author Nassim Taleb says bitcoin is an open Ponzi scheme and a failed currency [View all]
Yo_Mama_Been_Loggin
Apr 2021
OP
I worked briefly a few years ago for some guys that were into the Blockchain Bitcoin stuff
kimbutgar
Apr 2021
#1
"The best strategy for investors is to own things that produce yields in the future." cf GOLD
speak easy
Apr 2021
#6
Massive and fatal flaws in that analogy- tulips are not fungible assets, bitcoins are.
Celerity
Apr 2021
#44
Taleb is also a defender of homeopathy, a rabid, paranoid anti-GMO CT purveyor, came close in the
Celerity
Apr 2021
#45
Watching people who I would charitably characterize as "not that smart" pumping Doge last
greenjar_01
Apr 2021
#12
Probably the all-time cringe AF thread winner, but hardly surprising, as if my life would be forfeit
Celerity
Apr 2021
#28
and the US has a horrific digital gap, hopefully we can help bridge that, I know its a priority for
Celerity
Apr 2021
#61
I agree. The question is whether Bitcoin will take the entire economy with it when it fails . . .
StatWoman
Apr 2021
#15
There's a huge energy cost per transaction as well, even after the coins are "mined."
hunter
Apr 2021
#33
As a marker of greed, of history shattering proportions - crypto currencies have no peer.
empedocles
Apr 2021
#27
One major solar flare like the carrington event and bit coin's value vanishes...
Binkie The Clown
Apr 2021
#32
Especially since almost all transformers are made in China these days.
Binkie The Clown
Apr 2021
#53
I only have BTC, and I do not trade it at all, I do not invest in other crypto atm
Celerity
Apr 2021
#48
of course it will not increase forever, and there are a finite amount of bitcoins
Celerity
Apr 2021
#55