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efhmc

(14,721 posts)

38. There is a movie about it. Pretty good.

Reply to hedda_foil (Reply #36)

Fri Apr 23, 2021, 09:33 PM

Apr 2021

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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

That's why I'm holding Flooz bucks. Celebrity endorsed! n/t PoliticAverse Apr 2021 #2

Is it "As Seen on TV"? Hugh_Lebowski Apr 2021 #3

I've got my Bert Bucks under lock and key... Hugin Apr 2021 #9

You can never go wrong with S&H Greenstamps. ret5hd Apr 2021 #26

Perfect! (nt) NoRethugFriends Apr 2021 #29

I've always figured it is just Bettie Apr 2021 #4

I agree with Taleb obamanut2012 Apr 2021 #5

"The best strategy for investors is to own things that produce yields in the future." cf GOLD speak easy Apr 2021 #6

More like the Tulip Bulb Bubble zipplewrath Apr 2021 #7

Massive and fatal flaws in that analogy- tulips are not fungible assets, bitcoins are. Celerity Apr 2021 #44

Tulips. It's just tulips all the way down. hedda_foil Apr 2021 #8

You were probably joking but please do not eat tulip bulbs. efhmc Apr 2021 #14

Tulip Mania was the bitcoin of its day in 1630s Holland. hedda_foil Apr 2021 #36

There is a movie about it. Pretty good. efhmc Apr 2021 #38

but what about - OhZone Apr 2021 #10

Nassim Taleb states the obvious PufPuf23 Apr 2021 #11

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

lol Bitcoin is almost dead!!!1 RandiFan1290 Apr 2021 #13

Probably the all-time cringe AF thread winner, but hardly surprising, as if my life would be forfeit Celerity Apr 2021 #28

Right? FrankChurchDem Apr 2021 #34

Exactly, lost cause here... JCMach1 Apr 2021 #41

I've never even attempted to either Pluvious Apr 2021 #58

and the US has a horrific digital gap, hopefully we can help bridge that, I know its a priority for Celerity Apr 2021 #61

It's such a relief to no longer have a "transactional" leader at the helm Pluvious Apr 2021 #62

I agree. The question is whether Bitcoin will take the entire economy with it when it fails . . . StatWoman Apr 2021 #15

Don't forget the S&L scam fest of the '80s. Hugin Apr 2021 #49

I'm no economist NQAS Apr 2021 #16

I was at a conference with a bunch of execs from Enron back then. GumboYaYa Apr 2021 #19

Meanwhile, its envronmental impact is shamefully staggering: Emrys Apr 2021 #17

Wow! empedocles Apr 2021 #24

Yeah, between this aspect... OneGrassRoot Apr 2021 #31

It's a pretty simple fork to make BTC, Proof of Stake JCMach1 Apr 2021 #42

I'm unsure what your argument is NickB79 Apr 2021 #51

That can be shifted at any time with a software fork... JCMach1 Apr 2021 #60

The best thing Bitcoin has done is creating industry experience HariSeldon Apr 2021 #18

At a consumer level Sgent Apr 2021 #35

HODL GANG for the 2-1!!! Moostache Apr 2021 #20

No one knows for sure how crypto currency will play out. Yavin4 Apr 2021 #21

I think of them as virtual Beanie Babies. hunter Apr 2021 #22

discussion of the enormous energy costs on the radio the other day nuxvomica Apr 2021 #23

There's a huge energy cost per transaction as well, even after the coins are "mined." hunter Apr 2021 #33

Might as well buy shares in private utility companies Metaphorical Apr 2021 #25

As a marker of greed, of history shattering proportions - crypto currencies have no peer. empedocles Apr 2021 #27

Currencies are backed Tomconroy Apr 2021 #30

One major solar flare like the carrington event and bit coin's value vanishes... Binkie The Clown Apr 2021 #32

Tbh that's the least of our problems if that happens Calculating Apr 2021 #37

If a Carrington event occurred, currency would be bullets and bottled water NickB79 Apr 2021 #52

Especially since almost all transformers are made in China these days. Binkie The Clown Apr 2021 #53

I am thinking Bottlecaps. cinematicdiversions Apr 2021 #59

Bitcoin Explained... lame54 Apr 2021 #39

This? hunter Apr 2021 #46

The ease of their creation Johonny Apr 2021 #40

It is tremendously hard and expensive now to make a new block. Celerity Apr 2021 #43

Might be hard to make a Bitcoin, but there are a lot of options. rgbecker Apr 2021 #47

I only have BTC, and I do not trade it at all, I do not invest in other crypto atm Celerity Apr 2021 #48

Do you believe the value of a Bitcoin will increase forever? rgbecker Apr 2021 #50

of course it will not increase forever, and there are a finite amount of bitcoins Celerity Apr 2021 #55

Can you really call it an "investment", not a gamble? muriel_volestrangler Apr 2021 #54

I do not trade crypto, and BTC is divisible (massively so) Celerity Apr 2021 #56

It's the 21st century equivalent of fool's gold. Initech Apr 2021 #57