Nassim Nicholas Taleb: on MSNBC with his unsophisticated calling bitcoin a bubble. Showing a real lack of understanding about bitcoin and crypto.
His @1 mistake Bitcoin is not a cult!
Enormous Tumor Attacks Bitcoin (So Tragic)
Nassim Nicholas Taleb
https://www.youtube.com/watch?v=KnQo5oU3ugw
In this video, I discuss Nassim Taleb’s recent attacks on Bitcoin in the context of the Lebanon liquidity crisis and Taleb’s Wall Street background.
I conclude that Taleb has allowed his own personal animus against Bitcoiners to cloud his understanding of Bitcoin as a real tool and life raft for those trapped in countries with high inflation.
Taleb says that Bitcoin is a useless technology that is fit only for gambling and speculation. But that’s just not true. Bitcoin is a useful technology for those who don’t want their savings to be confiscated or devalued by their government or central bank.
The Lebanese liquidity crisis is a perfect example of a tragic series of events that Taleb’s Lebanese friends and family could have protected themselves from by using Bitcoin.
To claim that Bitcoin has no use case, as Taleb does, is to betray one’s own first-world “fiat privilege.”
In his CNBC interview, Taleb says that he prefers the Fed over Bitcoin, because at least the Fed can be influenced. Bitcoin will help to fix this corrupt system.