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Nassim Taleb: Almost All Bitcoiners Are “Total Idiots”

Courtesy of ZeroHedge View original post here.

Authored by Turner Wright via CoinTelegraph.com,

Nassim Taleb, author of “Skin in the Game,” got into a small Twitter feud in which he explained that most investors can’t understand the nuances of a cryptocurrency like Bitcoin.

image courtesy of CoinTelegraph

According to a tweet posted by Nassim Taleb on June 21, Bitcoin (BTC) is a good idea but “almost all bitcoiners are total idiots.” 

Taleb was exchanging posts with self-described “Bitcoin maximalist” Giacomo Zucco. He challenged Taleb’s views on imposing central planning by bureaucrats and politicians with “no skin in the game” as the best risk management strategy.

The former Wall Street trader turned risk engineering professor has labeled himself a localist, a “libertarian for higher levels of central government.”

Libertarian views on Bitcoin

Despite the push for many countries to create central bank digital currencies, there are many in the crypto community who see Bitcoin as a way to break away from traditional financial establishments. 

Some early BTC adopters like Roger Ver have been staunch proponents of libertarian economics. Cointelelegraph also reported in April that a libertarian think tank criticized the U.S. Securities and Exchange Commission for stretching regulations in an apparent attempt to regulate cryptocurrency.


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