Nassim Nicholas Taleb

@nntaleb ↗

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Last Checked Feb. 5, 2022

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Mon Jan 24 12:33:02 +0000 2022

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Nassim Nicholas Taleb @nntaleb

@davidboxenhorn @jaffer_ali1 @KaMiller1 @Chris_arnade Exactly here. It needs to have some residual use outside of Keyne's beauty contest. But my problem with BTC is the knockout option: art does not die physically, BTC can. This closes the beauty contest argument. Anyway, as we can see time will tell. — PolitiTweet.org

Posted Jan. 24, 2022

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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

Posted Jan. 24, 2022

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Nassim Nicholas Taleb @nntaleb

@jaffer_ali1 @davidboxenhorn @KaMiller1 @Chris_arnade It is still the same standard valuation framework for water in the desert or in the middle of a lake. — PolitiTweet.org

Posted Jan. 24, 2022