For Nassim Taleb, author of books like Antifragile and Black Swan, Do Kwon’s freedom brought more blows. In other words, this Monday (30) the investor called Luna 2.0 a Ponzi scheme, just like the original Terra (LUNA).
He went on to state that these transparent financial pyramids are far more dangerous than others in the “Madoff style”, referring to the Bernard Madoff scam, which left victims with $65 billion in losses.
Then, Taleb took the opportunity to also criticize Bitcoin in a mixed post, pointing out that BTC’s price will rise before falling again. Before that, over the weekend, he also mentioned the largest cryptocurrency in the market on his social media.
Luna 2.0 is pyramid, says Nassim Taleb
Although Terra (LUNA) has attracted a large number of new investors after the crash who believe in a price rebound, other people cannot imagine such a happy ending. One such person is Nassim Taleb, author of famous books like Black Swan and Antifragile.
For Taleb, Do Kwon must be arrested so that he does not continue to scam the community. Going further, he stated that Luna 2.0 is a financial pyramid, just like the primordial Earth (LUNA).
“You [esquemas] Open Ponzi are much more dangerous than the dark style. [Bernard] Madoff. The problem of not putting [Do] Kwon behind bars is that he repeated his maneuver, with Luna 2.0, [é] exactly the same transparent Ponzi scheme.”
Open Ponzis are much more dangerous than opaque Madoff styles. The ppm of not putting kwon @stablekwon behind bars is that he repeated his trick, with Luna2, the exact same transparent Ponzi scheme.
So there is hope for a bitcoin rally so that one can short it at a great height.
— Nassim Nicholas Taleb (@nntaleb) May 30, 2022
Running out of characters in his tweet, Taleb took the opportunity to poke Bitcoin investors, also classifying it as a pyramid, as he has done on previous occasions.
“So there is hope for a bitcoin rally, so it will be possible to go short” [quando atingir] great levels.”
Taleb talked more about Bitcoin this weekend
This Saturday (28) Nassim Taleb retweeted a page tracking the price of Bitcoin since he sold his coins. With BTC 38% below the sale price, the famous investor took the opportunity to joke and asked if there is a website that tracks the price of olive oil.
As early as Sunday (30), Taleb continued to talk about Bitcoin, stating that it offers no protection against inflation and other events related to fiat currencies.
“At this point, any presentation of bitcoin as an inflation hedge, crisis hedge, transaction currency, or store of value is purely hallucinatory and the author deserves to be arrested to prevent further self-harm.”
Right now, any presentation of bitcoin as an inflation hedge, crisis protection, transaction currency, or repository of value is purely hallucinatory and deserves to be imprisoned to prevent further self-harm.
— Nassim Nicholas Taleb (@nntaleb) May 29, 2022
Inflation by definition means an increase in the money supply, resulting in an increase in the prices of products and services (called IPCA – Broad Consumer Price Index). Therefore, Bitcoin is undoubtedly a hedge against inflation, even with the recent drop in price.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
