Bitcoin is ‘winning;’ currency without government is ‘great,’ says Nassim Taleb 

Nassim Nicholas Taleb, author of the bestsellers "The Black Swan” and “Fooled By Randomness,” is optimistic about cryptocurrencies.

“You cannot ignore the cryptocurrencies, particularly the bitcoin story and blockchain,” Taleb said at Times Networks’ India Economic Conclave on Tuesday. The Lebanese-American author believes that people of some countries, such as Lebanon, have “lost faith” in governments and banking systems.

“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,” said Taleb.

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