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‘Black Swan’ author calls bitcoin a ‘gimmick’ and a ‘game,’ says it resembles a Ponzi scheme

CNBC2021-04-23

KEY POINTS “Black Swan” author Nassim Taleb ripped bitcoin as a “gimmick” that’s too volatile to be a currency and an unsafe hedge against inflation. “Basically, there’s no connection between ...

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  • Boo2020
    ·2021-04-25
    What about the limited supply of btc?? N the recognition And trust that everyone has on btc.
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  • AhKeong
    ·2021-04-25
    Regardless how you put it....  The world is buying and playing this game...  The only chance we have to be part of it is to rock them down to a much lower price that we can buy in to gain from it.  
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  • Cyou2
    ·2021-04-25
    Ok
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    • Lzoakz
      Ok
      2021-04-25
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  • JaydenSee
    ·2021-04-25
    Pls like and comments 
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    • JaydenSee
      [财迷]
      2021-04-26
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    • EV8
      ??
      2021-04-25
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  • Bronnie
    ·2021-04-25
    Nah
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  • selwyn
    ·2021-04-25
    Not sure about Ponzi but it is highly speculative
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    • selwyn
      [微笑]
      2021-04-25
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    • lfc
      true
      2021-04-25
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  • Tslverde
    ·2021-04-25
    Looks like.
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  • 滚筒
    ·2021-04-25
    When will he change his mind again...?Ok. dont take it negatively. It's good to assess new evidences and rethink our position.As it currently stand, (in my view) btc is pure speculation.
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  • TL1M
    ·2021-04-25
    Ponzu scheme is entirely different in nature. 
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    • 滚筒
      agree
      2021-04-25
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  • HH浩
    ·2021-04-25
    What if the currency master which is the central bank around the world, decides to stopfunding the liquidity, or come out better ideathan printing money to ignite the growth of economy? Will cryto-currency continue to soar? It’s a classic case of demand and supply and nothing else. 
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  • JWZ137
    ·2021-04-25
    Good
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  • TemasekHodl
    ·2021-04-25
    Please like and comment 
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    • T2183coins
      Pls like & comment
      2021-04-25
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    • TL1M
      Done
      2021-04-25
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  • amazinggrace
    ·2021-04-25
    I used to like Bitcoin too. But in principle it’s really a worthless asset. And too volatile, fees too high, not scalable so will never support a bulk of the world’s tranasactions. And it’s polluting and just wasting computing power
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  • KFChen
    ·2021-04-25
    Roller coster 
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  • AxThePro
    ·2021-04-25
    Any thoughts? 
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  • Ola5528
    ·2021-04-25
    People who don’t understand crypto will keep calling it a scam and continue to miss out on this opportunity. DYOR - this is a once in a lifetime investment opportunity with moonshot gains. Still early days! 
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  • Dittosg
    ·2021-04-25
    Isit a fud
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    • AxThePro
      YEs.
      2021-04-25
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  • Huatkor
    ·2021-04-25
    Very wise and insightful thoughts from the ggreat man. A currency whose price pattern is more volatile than a stock cannot qualify as a currency. 
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  • Patek1975
    ·2021-04-25
    Agree like tokens 
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    • Patek1975
      It is like tokens
      2021-04-25
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  • STT1987
    ·2021-04-25
    Go go go
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    • taykaiz
      HODL
      2021-04-25
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    • AxThePro
      To the moon.
      2021-04-25
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    • STT1987
      Up up up
      2021-04-25
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