Re:Crypto, the Left and Technofeudalism
by chalst on Sunday April 24, 2022 @08:47AM
(#31143454)
Since you cite N N Taleb, you might be interested in his assessment of Bitcoin:
> its current version, in spite of the hype, bitcoin
failed to satisfy the notion of "currency without govern-
ment" (it proved to not even be a currency at all), can be
neither a short nor long term store of value (its expected
value is no higher than 0), cannot operate as a reliable
inflation hedge, and, worst of all, does not constitute,
not even remotely, a safe haven for one’s investments,
a shield against government tyranny, or a tail protection
vehicle for catastrophic episodes.
> its current version, in spite of the hype, bitcoin failed to satisfy the notion of "currency without govern- ment" (it proved to not even be a currency at all), can be neither a short nor long term store of value (its expected value is no higher than 0), cannot operate as a reliable inflation hedge, and, worst of all, does not constitute, not even remotely, a safe haven for one’s investments, a shield against government tyranny, or a tail protection vehicle for catastrophic episodes.
https://www.fooledbyrandomness.com/BTC-QF.pdf