Nassim Taleb’s Bitcoin Black Paper with Lyn Alden - WBD378

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 28 July 2021

⏱️ 99 minutes

🔗️ Recording | iTunes | RSS

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Summary

Location: Remotely
Date: Tuesday 27th July
Project: lynalden.com
Role: Macroeconomist

Nassim Taleb is a well-regarded author and statistician and one-time bitcoin bull who has since turned critic, claiming that it "can be neither a long or short term store of value" and that "its expected value is no higher than 0."

Taleb recently wrote a black paper criticising bitcoin's ability to function as a store of value, questioning its ability to protect against oppressive governments and claiming bitcoins distribution is unfair.

Several key points in the paper were without merit, and it led to bitcoiners questioning whether the article is Taleb being intellectually dishonest or ignorant.

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We break down Nassim Taleb's "Bitcoin Black Paper" and discuss his misconceptions and whether it offers any valid criticisms.

Transcript

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0:00.0	You know, we're seeing Bitcoin monetize in real time. What gold went through over
0:07.1	thousands of years, you know, Bitcoin's going through in like, you know, so far like 12 years
0:12.2	and so it went from zero to a trillion
0:14.4	market cap it's trying to find this total adjustable market.
0:18.4	Hello there from Bedford in the United Kingdom how are you all doing?
0:23.3	Bitcoin is flirting with $40,000 again.
0:25.6	Interesting times.
0:27.2	It does feel like the ball market is warming up again.
0:30.5	I think it looks good.
0:32.0	You feeling good about it all? I think it's going to be interesting a few months.
0:34.8	Anyway, big end of the year would be very, very cool. Anyway, welcome to the What
0:39.9	Bitcoin did podcast, which is brought to you by by Gemini the only place I am using for
0:43.7	buying Bitcoin I'm your host Peter McCormack and today I have an interview with
0:47.4	Lynn Alden where we are critiquing my good friend Nacinthalib's Bitcoin
0:51.6	black paper but before that I do have a message from my show sponsors.
0:55.6	And first up today we have Exodus Wallet who I am using is my mobile and desktop wallet for
1:00.5	Bitcoin. Now long-term listeners know. I'm always
1:03.6	winching about UX. So when Ex just reached out to me and said Pete we want to
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	...

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