/biz/ - Business & Finance

>>29004925
Basing it off of a Nassim Taleb tweet I saw a few minutes ago.
>https://twitter.com/nntaleb/status/1360480666509533185

Dear imbeciles,

I've been getting rid of my BTC. Why? A currency is never supposed to be more volatile than what you buy & sell with it.
You can't price goods in BTC

In that respect, it's a failure (at least for now). It was taken over by Covid denying sociopaths w/the sophistication of amoebas

2) The other problem BTC Protozoa don't get: the appeal of a cryptocurrency depends on some opacity, its ability to facilitate tax fraud and money laundering.

You can anonymize a gold coin by remelting it. You can rework a spoon.

BTC is more tractable than cash.
#Lindy

BTC Volatility is not dropping with time/at higher price, exactly what you don't don't need.