Nassim Nicholas Taleb Proves Himself to be an Imbecile
Some say don’t give these fools print as it only emboldens them but Nassim Nicholas Taleb needs to be further exposed and outed for the tool he is – he obviously does not understand Bitcoin or is simply a troll shilling for likes and book sales
Can Bitcoin ‘Detect’ Imbeciles?
“Fast forward to 2023, Taleb revealed his opinions on Bitcoin once more, and he now has a new moniker for the cryptocurrency: Detector of imbeciles.
Taleb claimed in a recent interview with L’Express that the cryptocurrency industry and a portion of the technology will soon become extinct when the era of ‘low-interest rate ‘Disneyland” comes to an end.
Taleb argues that the crypto has failed to achieve its purpose of becoming a decentralized currency and store of value, and he suggests that ‘we need to return to a regular economic life with interest rates between 4% and 5%.’
He said the past 15 years have been akin to Disneyland, with near-zero and often negative interest rates and, as a result, no actual market functioning.
Further, he asserts that reducing interest rates promotes “asset bubbles” without necessarily benefiting the economy.
‘We no longer understand what a long-term investment entails. The end of real finance has arrived.’”
https://bitcoinist.com/can-bitcoin-detect-stupid-people/