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Author Topic: 2013-03-20 Reddit: IAMA Nassim Taleb - Bitcoin is the beginning of...  (Read 2804 times)
elux
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March 20, 2013, 09:29:48 PM
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Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

But I am not familiar with the specific product to assert whether it is the best potential setup.
And we need a long time to establish confidence. I only talk from skin-in-the-game.
If I had money in bitcoin, I would have reported it. But I don't yet.
I am waiting to understand it better, not with my brain, but with my experience...

http://www.reddit.com/r/IAmA/comments/1aoi0s/iam_nassim_taleb_author_of_antifragile_ama/c8zb3d8/

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ShadowOfHarbringer
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March 20, 2013, 09:38:59 PM
 #2

Invalid link, badly formatted date.

Good link:
http://www.reddit.com/r/IAmA/comments/1aoi0s/iam_nassim_taleb_author_of_antifragile_ama/c8zb3d8/

Good date:
2013-03-20

Could anybody correct these at any time ? Because nobody ever does.

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March 20, 2013, 09:44:38 PM
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Ouch. Smiley Fixed, sorry, ty.
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March 21, 2013, 01:21:36 AM
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I hope NNT will be in our corner after he finishes researching "The Coin".

Free money, buy bitcoins!
David M
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March 21, 2013, 07:00:29 AM
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From the wiki:

http://en.wikipedia.org/wiki/Nassim_taleb

Quote
The final book of his Incerto series - Antifragile: Things That Gain from Disorder - was published in November 2012 by Random House in the United States and Penguin[45] in the United Kingdom. In the introduction of the book, Taleb describes it as follows: "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better." [46]
Quote

If anyone has read this book, could they comment on the possibility that Bitcoin is "antifragile"?

The ability for the code to adapt to major shocks (e.g bugs & external forces) may qualify it for this definition. ?
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May 19, 2013, 12:10:42 PM
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Bump. I can find nothing recent from NNT about BTC. His opinions should be very valuable as events unfold.
alxs
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May 19, 2013, 01:23:48 PM
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Bump. I can find nothing recent from NNT about BTC. His opinions should be very valuable as events unfold.

Here is tweet from Taleb on May 14th about btc

"For bitcoin to make it it needs to be banned by a few governments and critiqued by policy makers. Otherwise it will fade. #Antifragile."

https://twitter.com/nntaleb/status/334463146490204160

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May 19, 2013, 02:58:20 PM
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Bump. I can find nothing recent from NNT about BTC. His opinions should be very valuable as events unfold.

Here is tweet from Taleb on May 14th about btc

"For bitcoin to make it it needs to be banned by a few governments and critiqued by policy makers. Otherwise it will fade. #Antifragile."

https://twitter.com/nntaleb/status/334463146490204160



Thanks! He can be so oracular, but I get the impression that he means this one literally.
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May 19, 2013, 05:51:23 PM
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From the wiki:

http://en.wikipedia.org/wiki/Nassim_taleb

Quote
The final book of his Incerto series - Antifragile: Things That Gain from Disorder - was published in November 2012 by Random House in the United States and Penguin[45] in the United Kingdom. In the introduction of the book, Taleb describes it as follows: "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better." [46]

Just as the TCP/IP based internet architecture was designed to route-around and circumvent any "disruptions" (i.e. an unrestrained US/Soviet nuclear exchange). Bitcoin, as a system, cannot be constrained, every attempt to bring it down or disrupt it, intentional or accidental, will simply act to prove its resilience. Bitcoin is to the transfer of value what TCP/IP is to the transfer of information. It is rapidly becoming a fundamental protocol upon which many new things can be built.

We've already seen significant disruptions with the blockchain fork (unintentional) and the DHS action (intentional) and many smaller events.

Bitcoin is clearly antifragile, at least in the sense that "whatever doesn't kill you makes you stronger".

Brilliant word, antifragile is. Smiley

                         
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