Converted Bitcoin hater Nassim Taleb has found new approach to criticizing BTC
Taleb has been going on about this since yesterday, when he stated that Bitcoin's major advantage — its limited supply of 21 million coins — does not make this asset valuable in any way.
He tweeted:"There is an infinite number of things in finite supply." On Sept. 13, Taleb published a more detailed post to show what he meant, again mentioning"bitdiots"; this is how he prefers to refer to supporters of flagship cryptocurrency Bitcoin.September 14, 2023 His earlier tweet says that the idea that something must be a good investment only because of a limited supply of this asset"is confused" since"necessary" does not mean the same as"sufficient," per Taleb.
The scholar insists that there are a lot of things that are strictly limited in supply, similarly to Bitcoin, and they include"pebbles from Skorpios, underwear worn by Churchill, books owned by Cary Grant."that something Convex must be a good investment BECAUSE of limited supply is confused: NECESSARY ≠ SUFFICIENT.
Near Infinite # of things in limited supply: pebbles from Skorpios, underwear worn by Churchill, books owned by Cary Grant...
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