Taleb didn’t get behind it, he merely said that it is difficult to “short”. Cryptofans will jump on anything as positive.

If you were an observer of aviation circa 1910, you could see that the airplane was a tremendously valuable invention and that it was going to change the world. But that didn't mean you wanted to invest in the production of more of Orville and Wilbur Wright's first plane, did it?

https://medium.com/opacity is Taleb's blog. And there are different types of cryptocurrency fans and not all of them are bubble buying morons, particularly the older fans. It's exactly the same as .com bubble in my eyes: sound companies, stupid late investors.


"Finally, Bitcoin will go through hick-ups (hiccups). It may fail; but then it will be easily reinvented as we now know how it works. In its present state, it may not be convenient for transactions, not good enough to buy your decaffeinated expresso macchiato at your local virtue-signaling coffee chain. It may be too volatile to be a currency, for now. But it is the first organic currency." -Nassim Nicholas Taleb

And the dollar has lost 98% of is purchasing power. Sounds familiar.