I heard him speak in Miami this week, but didn't notice a harem with him. He had a good line about path dependence -- "If you wash your clothes then iron them, you get a different outcome from ironing then washing them."
That Taleb article is a big fucking nothing. It literally says nothing. Not just new but nothing. It doesn't predict the future price, it doesn't help to understand historical price, it is not knowledgeable in any way. But it uses the word "might" a lot. Thanks for nothing Nassim... He also probably couldn't name the technically best 3 new cryptos not to mention explain why they are advanced.
From last night's SBUX conference call. ___________________________________________ A trusted digital currency is coming, but it’s not bitcoin, says Starbucks’ Howard Schultz “I personally believe that there is going to be one or a few legitimate, trusted digital currencies off of the blockchain technology,” Schultz said, according to FactSet’s transcript and recording for the conference call. And these cryptocurrencies “will have to be legitimatized by a brand in a brick-and-mortar environment, where the consumer has trust and confidence in the company that is providing the transaction,” he added. That sounds like a pretty big hint Starbucks might test out or even accept a virtual currency in the future. The Seattle company isn’t announcing that it’s launching a new cryptocurrency, and it’s still working on understanding the crypto world as it looks to get involved, Schultz hastened to add. “I don’t want anyone to hang up on this call and assume that we have this all figured out, because we don’t, or that we’re making a significant investment in this, because we’re not,” he said. But “we have something to offer the companies that are chasing this.”
It just kills you that Bitcoin is still on top and that Taleb is not yet another establishment status quo naysayer you agree with. LOL.