Bibliolater 📚 📜 🖋<p>:bitcoin: **Bitcoin, Currencies, and Fragility**</p><p>_“In its current version, in spite of the hype, bitcoin failed to satisfy the notion of “currency without government” (it proved to not even be a currency at all), can be neither a short nor long term store of value (its expected value is no higher than), cannot operate as a reliable inflation hedge, and, worst of all, does not constitute, not even remotely, a safe haven for one's investments, a shield against government tyranny, or a tail protection vehicle for catastrophic episodes.”_</p><p>Taleb, N.N. (2021) 'Bitcoin, currencies, and fragility,' arXiv (Cornell University) [Preprint]. <a href="https://doi.org/10.48550/arxiv.2106.14204" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://</span><span class="ellipsis">doi.org/10.48550/arxiv.2106.14</span><span class="invisible">204</span></a>.</p><p><a href="https://qoto.org/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bitcoin</span></a> <a href="https://qoto.org/tags/Currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Currency</span></a> <a href="https://qoto.org/tags/Money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Money</span></a> <a href="https://qoto.org/tags/Wealth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Wealth</span></a> <a href="https://qoto.org/tags/Economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Economics</span></a> <a href="https://qoto.org/tags/Finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Finance</span></a> <a href="https://qoto.org/tags/Academia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Academia</span></a> <a href="https://qoto.org/tags/Academic" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Academic</span></a> <a href="https://qoto.org/tags/Preprint" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Preprint</span></a> <a href="https://qoto.org/tags/arXiv" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>arXiv</span></a> <span class="h-card"><a href="https://a.gup.pe/u/economics" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>economics</span></a></span></p>