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Topic: Bitcoin criticizer, 'Black Swan' author, admits BTC isn't useful for 'bad guys' - page 2. (Read 117 times)

hero member
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First, I will thank Nassim Nicholas Taleb for saying it is not useful for the bad guys which I believe will at least some doubt of the people who believe  BTC is meant for illicit activities.
I went further and I notice that what triggered his statement was the poll created by CZ when Binance was suit by the SEC. Technically he make the statement out of frustration because none of them believe Bitcoin will survive till now and since BTC is they will always make some trash comment about it just to cause FUD.
sr. member
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Nassim Taleb is an author known for his controversial views and criticisms of different ideas and concepts.  It is true that he expressed his contempt for Bitcoin, calling it "cult, useless and dangerous."  However, it is important to note that Taleb has often changed his position on various topics over time, and his statements may be subject to interpretation.

it is not necessarily a contradiction to say that Bitcoin is bad because it helps thieves and at the same time point out that Bitcoin cannot be counterfeited or adulterated.  These two aspects could be considered as separate assessments.  Some people may criticize Bitcoin for its possible implications for facilitating illegal activities such as money laundering or terrorist financing.  At the same time, its transparent and immutable nature is often considered a positive feature by cryptocurrency enthusiasts and proponents of blockchain technology, as it offers security and trust in transactions.
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They have probably run out of fallacies to dicredit BTC that they now have to contradict themselves, one side says it helps money launderers, now another is saying it cannot be of help to criminals and money launderers. Don't worry, we all know cash is more useful for the 'bad guys', but the government will say it is BTC because they use cash to launder money Cool.

BTC is permissionless and useful for what you choose, if money launderers want to use it despite the public ledger, it is their choice; if you want to spend it, hold it, send it to someone as a gift, trade with it, or whatever, it has many use cases, and the best part is you don't need anybody's permission to use it for your own particular purpose.
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In an attempt to discredit and disdain Bitcoin once again, 'Black Swan' author Nassim Taleb, ended declaring Bitcoin isn't useful for the 'bad guys' (thieves), due to its transparency and traceability nature which is visible in a public blockchain at anytime, which can't be forged or adulterated.

So much angry against Bitcoin put one of the strongest arguments of the critics in contradiction. Now they have to decide, is Bitcoin bad because it helps thieves, or is it good because it can't benefit thieves? Huh

'Black Swan' Author Destroys Bitcoin (BTC): 'Cult-Like, Useless, and Dangerous'


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In a scathing critique of the crypto industry, Nassim Taleb, the renowned author of "Black Swan," launched a blistering attack on Bitcoin (BTC), dismissing it as a useless and dangerous phenomenon, reports Business Insider.
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Speaking at the Bloomberg Invest conference, Taleb denounced Bitcoin, asserting that it offered no haven and failed to serve even the purpose of money launderers.
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He debunked the notion that Bitcoin facilitated money laundering, arguing that its traceability made it unsuitable for such illicit activities.
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