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Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme

Lebanese-American financial markets guru Nassim Taleb returned to attack Bitcoin on Twitter on late Wednesday (14) by writing the following: “Bitcoin has failed to be a currency,open-Ponzi speculative game.”

Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi

Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi (Image: Atlas Geographica)

The tweet follows his February speech this year, when he also used the social network to claim that Bitcoin failed as a store of value. The publication generated revolt in an ‘old friend’ who countered him, the author of the book ‘The Bitcoin Standard’, Saifedean Ammous.

In yesterday’s publication, Taleb starts with the premise “WHAT WE WANT CRYPTO & CURRENCY FOR”, describing what would be ideal for him:

“1) Currency w/o a government
2) Stable/reliable for contracts
3) Inflation indexed store of value — basket of items representative for me.
4) Rapid transactions”. He concluded with the question, “Can we do this?”

Questioned by the user ‘Ultra_Mega_BTC’, who said that “the market is saying the opposite”, Nassim Taleb called him an “imbecile”.

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