This article was originally published in Bitcoin Magazine, on December 2, 2022. Nassim Taleb: “Earnings-free assets with no residual value are problematic. The implication is that, owing to the absence of any explicit yield benefitting the holder of bitcoin, if we expect that at any point in the future the value will be zero whenContinue reading “Randomness Fools by Definition”
Category Archives: money
Some of Bitcoin’s Civilizational Roles
This article was originally published in Bitcoin Magazine, on December 20, 2022. Charlie Munger: “Of course, I hate the bitcoin success, and I don’t welcome a currency that’s useful to kidnappers and extortionists, and so forth. Nor do I like just shoveling out a few extra billions and billions of dollars to somebody who justContinue reading “Some of Bitcoin’s Civilizational Roles”
The Stillest 