Enormous Tumor Attacks Bitcoin (So Tragic)

Learn to buy anonymous Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin

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_Nicholas_Taleb

Taleb's preface to the Bitcoin Standard:
https://www.oreilly.com/library/view/the-bitcoin-standard/9781119473862/fbetw02.xhtml

Taleb calls Bitcoin a tumor:
https://decrypt.co/109865/bitcoin-is-a-tumor-nassim-taleb-black-swan

Nassim Taleb: Almost All Bitcoiners Are ‘Total Idiots’:
https://cointelegraph.com/news/nassim-taleb-almost-all-bitcoiners-are-total-idiots

Taleb dumping his BTC:
https://twitter.com/nntaleb/status/1360276917992230919

Ammous on Taleb hurting the people of Lebanon:
https://twitter.com/saifedean/status/1382408580838649858

Taleb says that Bitcoin fails as a hedge:
https://www.cnbc.com/2021/07/13/black-swan-author-nassim-taleb-says-bitcoin-is-worth-zero.html

In Lebanon, armed customers rob banks to get their own money:
https://www.cnn.com/2022/09/14/world/lebanon-bank-heist-access-money-frozen-savings-intl-hnk/index.html

Lebanese banks to close ‘indefinitely’ as hold-ups continue:
https://www.aljazeera.com/news/2022/10/7/lebanese-banks-to-close-indefinetly-reuters

Lebanon devalues official exchange rate by 90%
https://www.ft.com/content/f37617e1-098b-459f-9502-50ffb50c6c0c

Bitcoin priced in Lebanese pounds:
https://www.xe.com/currencycharts/?from=BTC&to=LBP&view=1Y

Taleb's recent appearance on CNBC:
https://twitter.com/alanbwt/status/1673384607440568320

Has Bitcoin Failed As An Inflation Hedge?
https://www.youtube.com/watch?v=LqVGjziEpDk&ab_channel=BitcoinUniversity

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Taleb

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