Enormous Tumor Attacks Bitcoin (So Tragic)

Learn to buy anonymous Bitcoin:

In this video, I discuss Nassim Taleb's recent attacks on Bitcoin in the context of the Lebanon liquidity crisis and Taleb's Wall Street background.

I conclude that Taleb has allowed his own personal animus against Bitcoiners to cloud his understanding of Bitcoin as a real tool and life raft for those trapped in countries with high inflation.

Taleb says that Bitcoin is a useless technology that is fit only for gambling and speculation. But that's just not true. Bitcoin is a useful technology for those who don't want their savings to be confiscated or devalued by their government or central bank.

The Lebanese liquidity crisis is a perfect example of a tragic series of events that Taleb's Lebanese friends and family could have protected themselves from by using Bitcoin.

To claim that Bitcoin has no use case, as Taleb does, is to betray one's own first-world "fiat privilege."

In his CNBC interview, Taleb says that he prefers the Fed over Bitcoin, because at least the Fed can be influenced. Bitcoin will help to fix this corrupt system.

Not investment advice! Consult a financial advisor.

Nassim Nicholas Taleb:

Taleb's preface to the Bitcoin Standard:

Taleb calls Bitcoin a tumor:

Nassim Taleb: Almost All Bitcoiners Are ‘Total Idiots’:

Taleb dumping his BTC:

Ammous on Taleb hurting the people of Lebanon:

Taleb says that Bitcoin fails as a hedge:

In Lebanon, armed customers rob banks to get their own money:

Lebanese banks to close ‘indefinitely’ as hold-ups continue:

Lebanon devalues official exchange rate by 90%

Bitcoin priced in Lebanese pounds:

Taleb's recent appearance on CNBC:

Has Bitcoin Failed As An Inflation Hedge?

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Taleb

Disclaimer

[Bitcoin_University]

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[eightysea]

There will be an endless parade of these Mungers and Talebs, for the first time they aren't behind the scenes pulling all the strings. It's great to see, thanks Matthew for brightening my day again.

[jsmdify]

He is the PERFECT and tragic example of how emotion can overwhelm critical thinking skills. I agree it is difficult to reconcile the fact that this man wrote some of my favorite books, yet sits on TV and says things that the host of the show easily demonstrates are false.😢

[johnnymidas]

GREAT THUMBNAILS MATHEW, ... AWESOME CONTENT. THANKS. ❤

[Coover]

Thank you for selling, Nassim! I feel fortunate to be able to accumulate at a slightly lower price thanks to you. Not sure why you'd prefer fiat currencies which are _declining_ in a volatile fashion to one that is appreciating, but, all the best.

[GangStar_]

They had a sit down with him and made him a offer he couldn’t refuse. 👁️

[swiftshift]

I saw the clip yesterday and I was absolutely baffled. It's incredible that such an established thinker would regress with the reasons he stated.

[DestructorEFX]

Hi Matthew, how are you? I have a question for you:

I was learning the importance of UTXO management, that in the future, bitcoin will be adopted by institutions and nations states, the main chain becomes like FED wire, and the fees are too expensive for the average people. So it’s important to consolidate small UTXO’s into a bigger UTXO to avoid the possibility of the fee being larger than the UTXO itself, so that It’s no longer useable.

But if that happens, bitcoin is losing one of the proprieties of money, that is the ability to easily move value across the world. I don’t think Lightning isn’t the answer, because if a person has a UTXO value that is less than the fee, she basically lost that money. It could have the same defects that gold had, it was hard to move so it became centralized. What are your thoughts about it?

[jasonsellers]

4:00
Well, well, well. How the turntables...

[bujin]

Looking forward to Taleb's next book: "Blinded by Intelligence"
Where he chronicles his decent in into narcissistic absurdity, riding on the back of his own successes, and sped along by a sense of his own intellectual infallibility.

[RichNel]

Great videos, you’re the only one I always check each day. Any updates/thoughts of what’s up with Swan?

[ash-timl]

Hey Matthew what are the downsides to being on a Bitcoin standard. There are trade offs to everything what are bitcoins?

[magicd]

hey Matthew love the channel. What is actually happening in Lebanon/Argentina? Can an economy recover after reaching these high levels of inflation, or what comes next? I am from one of these countries and im honestly scared, could something blow up bad?

[patricknotstar]

please make a video about the prime trust drama, liked and subscribed 👍

[DeRothschild]

It's incredible how different groups who value truth and freedom (whether their conclusions are correct) flock together. Libertarianism led me to Austrian economics, Austrian economics led me to the Weston A. Price Foundation (WAP), and WAP led me to CrossFit. And all of these groups have a strong affinity toward Bitcoin and the Scientific Method. What a blessing it was to go through the long process of becoming a philosophical atheist (a personal reset if you will) to seek out the truth. My conclusions might be different from others but this process led me to Bitcoin (and the other stuff mentioned).

[muaawiyahtucker]

You forgot to mention his support of BSV

[bigboiwaffle]

Another great video, especially for those who don’t know that much about Lebanon and other tragic economies. Thanks Matt!

[blackfeatherstill]

I like that there are no punches pulled on this channel no matter who the opponent is. I'm in agreement with most but not all arguements but they are argued logically and with force. So I always listen and learn.

[nichole]

Learned helplessness is Taleb’s issue. He can’t accept bitcoin because it literally solves the problem his whole persona is situated around. Acknowledging the solution to the problem he’s been harping on, would mean his whole approach would need to change. It’s like when you tell your friend they’re in an abusive relationship and they get mad at you for saying it

[TheSputnikMonkey]

There are three types of people who attack Bitcoin - those who can count, and those who can't.