Nassim Nicholas Taleb

Nassim Nicholas Taleb @nntaleb

@jaffer_ali1 @davidboxenhorn @KaMiller1 @Chris_arnade "Intrinsic" value varies based on people and perception. The fact that something like #BTC is an "asset" 1) with value solely determined recursively (i.e., via informational cascade), 2) has an absorbing barrier, does not depend on perception. — PolitiTweet.org

Nassim Nicholas Taleb @nntaleb

@jaffer_ali1 @davidboxenhorn @KaMiller1 @Chris_arnade Not at all. All value is determined subjectively in a discounted cash flow model where people have different views of the future. Doesn't affect rationality. Irrationality is when something is PURELY subjective, a greater-fool asset. — PolitiTweet.org