Taleb is the man who inspired a phrase I often repeat now. "There is no amount of intelligence that can't be overcome by arrogance."

Taleb is no dummy. He's a very intelligent man. I have many friends that think so at least... Some of them even dropped bitcoin because of his shift on it a few years ago. Obviously they are appealing to authority and not THINKING and reasoning for themselves. Taleb's arguments fall flat. He's so weak on this subject as compared to many topics he discusses. Its instructive to see this because people that rise to a level of notoriety often fall prey to arrogance and pride. Pride is a destructive force and you don't need to be famous or even smart to be affected by. I struggle with it. It holds me back.

Stay humble, stack sats is something I say and write because I need to work on it every day. You could also say, kill pride and focus on creating value. Taleb is not doing this when he talks about Bitcoin. He's literally not seeking to learn or understand. He doesn't like it. That's fine. But he insists on ranting about it with weak arguments and has no interest in listening to the pro-bitcoin side. Once can make better arguments if you actually learn how bitcoin works. I'm convinced Taleb hasn't even spend 100 hours studying bitcoin.

Oh man, Taleb was about to get destroyed completely and tried to completely avoid the conversation. Fortunately for him, it was not the topic and it ended shortly after it started!

Wtf is a newspaper?

Here's an amazing takedown of Taleb. https://allenfarrington.medium.com/a-tale-of-two-talebs-1775dff3302b

Your post has more detail. Thanks. I wonder if CNBC will make the video available later.

Taleb's change on Bitcoin in 2021 was much harder to bear than any of the crashes. I remember reading his Bitcoin "black paper" trying to figure out what I'd missed, but instead made me realise how poor his arguments were.

Seeing him repeat the same nonsense years later with that smug look of his reminds me of the loss of him as an important intellect. I can no longer engage with his other views since I now know how dishonest (probably even with himself) he can be when he simply doesn't like the people associated with an idea.

It was a real "kill your heroes" moment.

Everyone like Taleb who says bitcoin is going to zero should short it.

Not only put your money where your mouth is but profit from your knowledge and prescience

Ouch! I just missed it! Can you guys tell me where to just watch it?

It seems that ya all just had a lot of fun!

Just watched it, Talebs insincerity is pretty palpable. https://primal.net/e/note127y0xlanvznlr98nss0yhezwxm8ac5qe0tp44extv5sc9kmgqt8sswpenj

The whole unplug the servers thing is funny to me.

What would happen to the dollar if you were able to destroy all the banking and credit systems. And all the backups. Its insanely unlikely to happen just as it is with bitcoin. But lets say it did.

The impact to the economy and individuals would be catastrophic. The status quo would crumble. I would love to have this discussion with someone. Bitcoin is a digital asset. If you are gonna start using these types of arguments you need to apply them to the current system.

Then when he starts comparing it to gold, they make the mistake of not considering that bitcoin has only existed for a blink compared to gold. If there were a substance that was discovered today like gold but better... it would behave very much like bitcoin does at least on the market. It would take a long time for everyone to be convinced that it was better. The whole idea of a digital world itself is new compared to something like gold.

Gold is a shiny rock. Yet, its properties are why it has been used as a medium of exchange and store of value for thousands of years. When you look at the digital world and why gold isn't used as a medium of exchange you start to see the need for a digitally native money like bitcoin. We already have digital money but when you look at how the digital dollar works there are many problems with it. Bitcoin fixes those problems.

Then you start looking at the problems with the status quo. Centralized control. Weaponization of money. Ability to inflate. Technical issues around fraud. KYC and AML. All these things are solved by bitcoin. The digital fiat system is slow and has many issues that these men are not even addressing in their arguments. They don't care about these issues. The status quo has worked for them.

What this segment shows is a lack of interest in actually forming arguments that have a logical bases. Not comparing tradeoffs. Its all about being right. Winning.

The idea that because bitcoin blocks are found every 10 minutes and this means it is to slow to be used as a medium of exchange is absurd on its face. We use fiat just fine. But we have to use trust and expose our private info to do so. There are many layers to the fiat system. Bank to bank transfers take days to validate. Yet that rarely is mentioned in these discussions. These people never talk about lightning. Even if you think lightning won't work at scale it shows it can be done. If lightning does not scale something else will be developed that will scale.

Bitcoin has solved the hardest problems of scarcity, game theory, and double spend. Those things are rarely even talked about. All these clowns do is talk about "investors" who are very emotional. We have an information problem that leads to market volatility. As humans truly understand what we have here all these arguments against bitcoin die.

In a sense, Taleb is right, but only in the sense that all money is useless if you cannot do anything with it.

When was the last time you bought a newspaper with gold.

Not sure if anyone saw that a lady came on to talk about Treasuries right before Sorkin/Kornen's segment ended and she was asked about crypto and she was super caught off guard. Her comment was that it is behaving like the Nasdaq right now

Buy his newspaper with gold? ha Gold and bitcoin share so many similarities, they shouldnt be arguing against each other.