Taleb's argument is indisputable. When bitcoin failed as a payment system and became an income-free speculative asset then its terminal value is contingent on expectation of infinite greater fools and thus its present value cannot be anything but zero.https://arxiv.org/abs/2106.14204
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Yeah I just picked up this book by Robert Shiller and it has given me the fear that crypto will just keep going forever, wasting electricity so people can gamble.https://www.amazon.com/Narrative-Economics-audiobook/dp/B07VZWLRM8/ref=sr_1_1?dchild=1&keywords=narrative+economics&qid=1627158847&sr=8-1 …
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Why government has to come in and stop it. Burning a nation state worth of energy for a casino is absurd.
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