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Bitswan Events: the random emergence of stable higher-order complexity (rebuttal to Taleb’s Black Paper).

Bitswan Events: the random emergence of stable higher-order complexity (rebuttal to Taleb’s Black Paper).



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  1. tldr; Author Nassim Taleb’s recent “Black Paper” incorrectly postulates that bitcoin has an absorption barrier because it ignores its sustained non-speculative utility. Bitcoin is a free-market bridge between weak and strong national currencies, especially useful for moving capital in and out of harsh currency regimes. Bitcoin’s network effects and failure of other cryptocurrencies to displace it as preferred global capital on/off ramp of last resort

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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