The Bitcoin Standard: The Decentralized Alternative to Central Banking, by bitcoin maximalist Saifedean Ammous, is set for a spring release, having managed to make news ahead by snagging philosopher Nassim Nicholas Taleb to write its foreword. Mr. Taleb is his usual profound self, offering a full-throated defense of its essential idea, in contrast to many contemporary intellectuals who often dismiss bitcoin out of hand.
Nassim Nicholas Taleb Forwards Bitcoin
“Which is why Bitcoin is an excellent idea,” continues a crypto community favorite philosopher, Nassim Nicholas Taleb, 57, in a recent post to his Opacity blog, It May Fail but We Now Know How to Do It. “It fulfills the needs of the complex system, not because it is a cryptocurrency, but precisely because it has no owner, no authority that can decide on its fate. It is owned by the crowd, its users. And it has now a track record of several years, enough for it to be an animal in its own right.”
Mr. Taleb is best known for his work in probability, risk, decision theory, and his books include 2010’s The Black Swan: The Impact of the Highly Improbable, and 2012’s Antifragile: Things That Gain from Disorder, both highly cited by ecosystem enthusiasts. His present meditation on bitcoin came by way of a foreword to an upcoming release.
In his defense of bitcoin, he rifles through “experts” on the economy, familiar names who’ve either outright failed or who merely kept the dying patient alive for a little while longer, arriving Read More Here