Bitcoin is an ineffective cult that not even “bad guys” want to join anymore, said the author of The Black Swan, a bestselling book on the extreme impact of outlier events. Cryptocurrency falls short on its claim to streamline payments, and doesn’t even facilitate illegal transactions well, Nassim Taleb told Bloomberg on Thursday.
“It’s not even good for money laundering,” he said. “It is too traceable. Gold you can re-melt [into] bars, you can do something, but Bitcoin has a book entry somewhere that anyone with basic knowledge of statistics can triangularize.”
