Home » Nassim Taleb: Most Investors Don’t Understand Bitcoin

Nassim Taleb: Most Investors Don’t Understand Bitcoin

Nassim Taleb, an author of Black Swan, claims that most investors don't understand nuances of bitcoin. In his tweet posted on Sunday, Taleb said that Bitcoin is a good idea, but “almost all bitcoiners are total idiots.”
news - Nassim Taleb: Most Investors Don’t Understand Bitcoin

Nassim Taleb, an author of Black Swan, claims that most investors don’t understand nuances of bitcoin. In his tweet posted on Sunday, Taleb said that Bitcoin is a good idea, but “almost all bitcoiners are total idiots.” 

Nassim Taleb was changing posts with Bitcoin enthusiast Giacomo Zucco, who challenged Taleb’s views on imposing central planning by bureaucrats and politicians with “no skin in the game” as the best risk management strategy.

“Bitcoin is a good idea but almost all bitcoiners are total idiots, can’t get nuances beyond fortune cookies. My idea is (fractal) State is needed ONLY for systemic tail risks, not messing w/daily life. Same as medicines,” Taleb wrote.

Despite the push for many countries to create central bank digital currencies, there are many in the crypto community who see Bitcoin as a way to break away from traditional financial establishments. Some early BTC adopters such as Roger Ver have been staunch proponents of libertarian economics. 

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