Nassim Nicholas Taleb
Bitcoin, Currencies, and Fragility
Bitcoin and other cryptocurrencies are not a panacea, as proponents claim.
In 2007, shortly before the Great Recession, trader, author and philosopher Nassim Nicholas Taleb published his acclaimed book The Black Swan. The title was a metaphor for the rare and unforeseen event capable of producing extraordinary damage. Now Taleb brings his thought leadership to the sphere of cryptocurrencies. He makes a persuasive case that bitcoin, with its risk and volatility, is neither reliable nor viable as a store of value or an investment instrument. Investors, technologists and cryptoenthusiasts will find compelling food for thought in this insightful report.
About the Author
Nassim Nicholas Taleb is a professor of risk engineering at New York University, an adviser at Universa Investments and a best-selling author.
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