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"content": "<p>:bitcoin: **Bitcoin, Currencies, and Fragility**</p><p>_“In its current version, in spite of the hype, bitcoin failed to satisfy the notion of “currency without government” (it proved to not even be a currency at all), can be neither a short nor long term store of value (its expected value is no higher than), cannot operate as a reliable inflation hedge, and, worst of all, does not constitute, not even remotely, a safe haven for one's investments, a shield against government tyranny, or a tail protection vehicle for catastrophic episodes.”_</p><p>Taleb, N.N. (2021) 'Bitcoin, currencies, and fragility,' arXiv (Cornell University) [Preprint]. <a href=\"https://doi.org/10.48550/arxiv.2106.14204\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">https://</span><span class=\"ellipsis\">doi.org/10.48550/arxiv.2106.14</span><span class=\"invisible\">204</span></a>.</p><p><a href=\"https://qoto.org/tags/Bitcoin\" class=\"mention hashtag\" rel=\"tag\">#<span>Bitcoin</span></a> <a href=\"https://qoto.org/tags/Currency\" class=\"mention hashtag\" rel=\"tag\">#<span>Currency</span></a> <a href=\"https://qoto.org/tags/Money\" class=\"mention hashtag\" rel=\"tag\">#<span>Money</span></a> <a href=\"https://qoto.org/tags/Wealth\" class=\"mention hashtag\" rel=\"tag\">#<span>Wealth</span></a> <a href=\"https://qoto.org/tags/Economics\" class=\"mention hashtag\" rel=\"tag\">#<span>Economics</span></a> <a href=\"https://qoto.org/tags/Finance\" class=\"mention hashtag\" rel=\"tag\">#<span>Finance</span></a> <a href=\"https://qoto.org/tags/Academia\" class=\"mention hashtag\" rel=\"tag\">#<span>Academia</span></a> <a href=\"https://qoto.org/tags/Academic\" class=\"mention hashtag\" rel=\"tag\">#<span>Academic</span></a> <a href=\"https://qoto.org/tags/Preprint\" class=\"mention hashtag\" rel=\"tag\">#<span>Preprint</span></a> <a href=\"https://qoto.org/tags/arXiv\" class=\"mention hashtag\" rel=\"tag\">#<span>arXiv</span></a> <span class=\"h-card\"><a href=\"https://a.gup.pe/u/economics\" class=\"u-url mention\">@<span>economics</span></a></span></p>",
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