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Bitcoin Will Not Submit To Black Swans – Bitcoin Magazine

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Bitcoin Will Not Submit To Black Swans - Bitcoin Magazine

This is an opinion editorial by Bernardo Filipe, a life-long thinker, philosopher and author of “The Straight Science.”

“Earnings-free assets with no residual value are problematic.

The implication is that, owing to the absence of any explicit yield benefitting the holder of bitcoin, if we expect that at any point in the future the value will be zero when miners are extinct, the technology becomes obsolete, or future generations get into other such ‘assets’ and bitcoin loses its appeal for them, then the value must be zero now.” — Nassim Taleb



First published here

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