‘It’s not even good for money laundering’: Nassim Taleb lashes out at Bitcoin

Re:‘It’s not even good for money laundering’: Nassim Taleb l... by bko on Monday June 12, 2023 @08:11AM (#36292191)

If money is supposed to be a rough tool for measuring aggregate wealth in society, i would expect a shutdown to cause valuations and GDP to go down.

If it's meant to be a tool for control and manipule society, then yes it's a marvel that an entire shutdown resulted in asset valuations to grow by around 30% in 2021.

Trying to control the economy by manipulating money supply is like trying to control climate change by manipulating thermometers

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Re:‘It’s not even good for money laundering’: Nassim Taleb l... by marcus0x62 on Monday June 12, 2023 @08:23AM (#36292310)

I think it is supposed to be a tool to allow people to exchange goods and services without resorting to barter.

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Re:‘It’s not even good for money laundering’: Nassim Taleb l... by ethanbond on Monday June 12, 2023 @09:08AM (#36292833)

Money is not supposed to be a rough tool for measuring aggregate wealth in society. Hope that helps clear things up.

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