Nassim Taleb on Bitcoin Essayist and former Trader

I am realizing Lebanon is in a situation where there is an implied currency control but the government cannot control bitcoin which is a good thing because people have no trust and the ability of the central bank which really causes the ponzi style collapse and the bitcoin does not have that....

I am very glad that we have cryptocurrencies and diversity on cryptocurrencies. Let them compete and see who is going to win. Bitcoin is winning and the block chain is quite an essential aspect that facilitates transaction. Of course, you are going to have frauds and ponzi schemes and all that with bitcoin and cryptos but when you see governments like in Lebanon, doing the ponzis you [ask] yourself what is better.

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