Enormous Tumor Attacks Bitcoin (So Tragic)

Learn to buy anonymous Bitcoin:
https://www.bitcoinuniversity.com/cou...

In this video, I discuss Nassim Taleb's recent attacks on Bitcoin in the context of the Lebanon liquidity crisis and Taleb's Wall Street background.

I conclude that Taleb has allowed his own personal animus against Bitcoiners to cloud his understanding of Bitcoin as a real tool and life raft for those trapped in countries with high inflation.

Taleb says that Bitcoin is a useless technology that is fit only for gambling and speculation. But that's just not true. Bitcoin is a useful technology for those who don't want their savings to be confiscated or devalued by their government or central bank.

The Lebanese liquidity crisis is a perfect example of a tragic series of events that Taleb's Lebanese friends and family could have protected themselves from by using Bitcoin.

To claim that Bitcoin has no use case, as Taleb does, is to betray one's own first-world "fiat privilege."

In his CNBC interview, Taleb says that he prefers the Fed over Bitcoin, because at least the Fed can be influenced. Bitcoin will help to fix this corrupt system.

Not investment advice! Consult a financial advisor.

Nassim Nicholas Taleb:
https://en.wikipedia.org/wiki/Nassim_...

Taleb's preface to the Bitcoin Standard:
https://www.oreilly.com/library/view/...

Taleb calls Bitcoin a tumor:
https://decrypt.co/109865/bitcoin-is-...

Nassim Taleb: Almost All Bitcoiners Are ‘Total Idiots’:
https://cointelegraph.com/news/nassim...

Taleb dumping his BTC:
https://twitter.com/nntaleb/status/13...

Ammous on Taleb hurting the people of Lebanon:
https://twitter.com/saifedean/status/...

Taleb says that Bitcoin fails as a hedge:
https://www.cnbc.com/2021/07/13/black...

In Lebanon, armed customers rob banks to get their own money:
https://www.cnn.com/2022/09/14/world/...

Lebanese banks to close ‘indefinitely’ as hold-ups continue:
https://www.aljazeera.com/news/2022/1...

Lebanon devalues official exchange rate by 90%
https://www.ft.com/content/f37617e1-0...

Bitcoin priced in Lebanese pounds:
https://www.xe.com/currencycharts/?fr...

Taleb's recent appearance on CNBC:
https://twitter.com/alanbwt/status/16...

Has Bitcoin Failed As An Inflation Hedge?

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