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

0
16



© 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…

This text was first revealed on coinquora.com

Proceed studying on CoinQuora

Disclaimer: Fusion Media want to remind you that the information contained on this web site shouldn’t be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not offered by exchanges however somewhat by market makers, and so costs will not be correct and should differ from the precise market worth, which means costs are indicative and never applicable for buying and selling functions. Subsequently Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm because of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding types potential.





Supply hyperlink

Leave a reply