‘Black Swan’ Creator Calls Bitcoin a Ponzi Scheme By CoinQuora


© Reuters. ‘Black Swan’ Creator Calls Bitcoin a Ponzi Scheme
  • Nassim Taleb doubled down on bitcoin as a Ponzi scheme and a failed foreign money.
  • Some analysts view bitcoin as a hedge in opposition to inflation.
  • Taleb stated there isn’t any connection between inflation and bitcoin.

Black Swan writer Nassim Taleb reaffirmed his stance that bitcoin is an open Ponzi scheme and a failed foreign money, in keeping with a CNBC interview final Friday.

Taleb stated to Squawk Field:

“There’s no connection between inflation and bitcoin. I imply, you possibly can have hyperinflation, and bitcoin turns into zero. There’s no hyperlink between them.”

Taleb added he was fooled into pondering might be a viable different to fiat foreign money. However he surmised {that a} foreign money that has no authorities assist is “simply hypothesis” and a “recreation”. To elaborate, he stated that Bitcoin failed in its supposed position as a alternative for government-backed cash, primarily due to its volatility

Nevertheless, some analysts view Bitcoin, sometimes called digital gold, as a boun…

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