<story><title>Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin</title><url>https://medium.com/opacity/bitcoin-1537e616a074</url></story><parent_chain></parent_chain><comment><author>ordinaryradical</author><text>This utopian streak running through the crypto community is what convinces me most that it’s going to be a heartbreaker.&lt;p&gt;&amp;gt; But Hayek used the notion of distributed knowledge. Well, it looks like we do not even need that thing called knowledge for things to work well. Nor do we need individual rationality. All we need is structure.&lt;p&gt;Irrational exuberance is a good thing!&lt;p&gt;And while these ideologues are busy demonizing the central banks a handful of individuals manipulate bitcoin to levels a central bank could never even attempt...</text></comment>
<story><title>Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin</title><url>https://medium.com/opacity/bitcoin-1537e616a074</url></story><parent_chain></parent_chain><comment><author>ABCLAW</author><text>I always feel bad when I read some of Taleb&amp;#x27;s work and come away empty. The guy is clearly smart, but I feel like he skips too many steps in his mental algebra and then misses his own mistakes altogether too often.&lt;p&gt;&amp;gt;This gives us, the crowd, an insurance policy against an Orwellian future.&lt;p&gt;Here&amp;#x27;s a great example. Does it really, Nassim?</text></comment>