Nassim Taleb, author of books on investments such as The Black Swan and Antifragile, has returned to talk about Bitcoin as the price plummets on exchanges. For the writer, Bitcoin will be a gold mine, at least for lawyers.
Your statement is linked to investment recommendations from third parties. According to Taleb, investors can’t just sue digital influencers who have recommended the purchase of cryptocurrencies.
Going further, he also called Bitcoin an “intelligence test,” criticizing the way MicroStrategy handles its bitcoins, in third-party custody, after discussing digital gold certificates.
Bitcoin is a gold mine for lawyers
Nassim Taleb took advantage of yet another Bitcoin drop, this time from $30,000 to $20,000, to once again criticize both the cryptocurrency and its investors. For the writer, Bitcoin will be a gold mine, at least for lawyers.
“Bitcoin is becoming a gold mine for lawyers. […] If you bought cryptocurrencies based on an EXPLICIT recommendation, make sure you have screenshots.”
His statement, made this Wednesday (15), is a criticism of those who promote Bitcoin and other cryptocurrencies as safe investments. The market can thus enrich lawyers, who both parties need in a lawsuit.
In another tweet, also this Wednesday, Taleb points out that some investors are treating Bitcoin as an escape from the market’s trust system, but eventually become dependent on third parties.
“Bitcoin is an intelligence test.”
“The logic of Bitcoin/blockchain, which makes it attractive to conspirators but stupid and naive people, is to escape the escrow/trust system,” writes Nassim Taleb. “However, the [MicroTravesty] (sic) $MSTR claims it has “at least $410 million worth of Bitcoin in an escrow account.”
Nassim Taleb started attacking Edward Snowden
Before that, on Saturday (11), Edward Snowden tweeted that “gold is just Bitcoin that cannot be sent over the Internet”. Days later, Taleb not only defended the gold, he attacked Snowden.
“More than 95% of the gold volume traded daily is moved electronically over the Internet through certificates,” writes Taleb. “Besides being a traitor and now a Russian agent and Putin’s fifth column operator, Snowden needs to take a basic finance course.”
However, some of his followers noted that such certificates do not mean much as they are just a paper saying that someone owes him so much. Such a comment appears to have offended Taleb, who later, without argument, attacked MicroStrategy, as shown above, pointing to Michael Saylor’s company use of custodians.
Finally, Taleb continues to “block idiots” on his social networks, as he says, locking himself in a bubble where only opinions that fit his truths are heard.
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.