Re:Nassim Taleb: Bitcoin failed as a currency and became a s...
by ummonk on Saturday April 17, 2021 @03:40AM
(#26842374)
"And, didn't he also sell most of his BTC in February?" - that sounds like he put skin in the game by selling off most of his BTC when he concluded that it hadn't become a functional cryptocurrency?
Though I would note that these tweets make no statement about whether speculating on crypto is a good idea - they merely state that it failed as a currency.
Re:Nassim Taleb: Bitcoin failed as a currency and became a s...
by ummonk on Saturday April 17, 2021 @02:51PM
(#26846493)
That's not true. The risks from shorting BTC are far higher precisely because it has failed as a currency and is instead a vehicle for speculative investment.
Though I would note that these tweets make no statement about whether speculating on crypto is a good idea - they merely state that it failed as a currency.