Coinbase – “Charlater’s Paradise”?

Nassim Taleb is the author of Black Swan, Antifragile, Skin in the Game and others on dealing with risk and uncertainty Author of non-fiction books. Most recently, he reiterated his anti-encryption stance and criticized those he considered “quacks” in the crypto space.

COIN Nassim Taleb

Author Nassim Taleb

In addition to cryptocurrencies and blockchain, he criticized startups with the prefix “neuro,” calling them scammers.

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Posted by Taleb tweetSaid that “nervous” has always been “the great refuge of quack doctors”.

Although Taleb was pro-Bitcoin, he changed his mind a few years ago. Since then, he has been critical of BTC and all cryptocurrencies, calling Bitcoin in particular a “tumor” and other similar names, repeatedly signaling skepticism about the asset class.

About a month ago, Taleb appeared on a Bloomberg podcast with Joe Weisenthal and criticized bitcoin as a “very fragile commodity,” the report said.

He believes that the leading digital currency is actually controlled by a few people and is just an accounting system that needs to be maintained at all times.

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in a tweet Most recently, the academic commented on a tweet by analyst Ed Elson on May 2, which shared a list of people selling COIN shares shortly after the IPO on a major U.S. exchange, during April 2021. moon.

The list of people who sold COIN 1 month after the IPO included some Coinbase and Brian Armstrong executives. In particular, he made $291.8 million in that sale, second only to American venture capitalist and early Coinbase investor Fred Wilson. He made $1 billion selling his coins. Taleb stresses that they got rich as a result.

Taleb calls this “skin inversion in games,” contrary to the title of his book. He claimed that Coinbase “sold a story” to investors and then “passed the losses on to inexperienced people.”

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