![]() ![]() Taleb is distinguished professor of risk engineering at New York University's Tandon School of Engineering and a scientific advisor for Universa Investments. ![]() To be a currency would require it to have some stability and usability, Taleb said. People also conflate the success of bitcoin as a digital currency with the success of bitcoin as a speculative investment. "But the new currency just needs to be more appealing as a store of value by tracking a weighted basket of goods and services with minimum error." ![]() "It is indeed desirable to have at least one real currency without a government," he wrote in his paper. Taleb noted bitcoin "has maintained extremely high volatility" of between 60% and 100% "throughout its life," though that doesn't mean a cryptocurrency can't "displace fiat" - that is, money backed by the government that issues it but not backed by a physical commodity such as gold. He said bitcoin tends to respond to liquidity and that it's unclear what would happen if the internet experienced even a regional outage, particularly if it took place during a financial collapse. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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