Re:Nassim Taleb: Bitcoin failed as a currency and became a s...
by cblconfederate on Saturday April 17, 2021 @07:15AM
(#26843372)
points 1 & 2 are contradictory. 3 is easily gamed. 4 can be worked on.
The idea of a permanently-inflationary cryptocurrency with a stable inflation rate doesn't sound bad
However, bitcoin as digital gold will still survive.
I 'm pretty sure what he describes it the current banking system as well: banks loan the plebs who pay back interest, who then the capitalists convert to gold,art,real estate, permanently enriching themselves. Even the data from piketty etc shows it's true. Bitcoin ecosystem is just the digital version of this.
The idea of a permanently-inflationary cryptocurrency with a stable inflation rate doesn't sound bad
However, bitcoin as digital gold will still survive.
I 'm pretty sure what he describes it the current banking system as well: banks loan the plebs who pay back interest, who then the capitalists convert to gold,art,real estate, permanently enriching themselves. Even the data from piketty etc shows it's true. Bitcoin ecosystem is just the digital version of this.