TL;DR: CoinSpice scours the Twittersphere to shine light upon the top crypto tweets of the week. BTC maximalist Saifedean Ammous was shamed by mentor Nassim Nicholas Taleb. Bitcoin is being reintroduced as a form of protest. Governments’ unprecedented financial intervention continues to wow crypto enthusiasts, and so much more in this week’s installment.
#8 Nassim Nicholas Taleb Slams Saif
Nassim Nicholas Taleb is a noted philosopher, famous for his trading acumen and contrarian outlook on how to approach thinking. Seminal books such The Black Swan, Antifragile, and Skin in the Game have all become mandatory reading for Bitcoiners especially, who prize Taleb’s insights.
I block anyone who promotes conspiracy or crankish theories.
— Nassim Nicholas Taleb (@nntaleb) March 26, 2020
And so it was quite the get when BTC maximalist Saifedean Ammous scored Taleb to write a Forward for Ammous’ book, The Bitcoin Standard. “Bitcoin has no owner, no authority that can decide on its fate. It is owned by the crowd, its users,” goes one of the quotable Taleb passages in the Forward. “And it now has a track record of several years, enough for it to be an animal in its own right. Its mere existence is an insurance policy that will remind governments that the last object the establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future.”
Apparently, the Taleb appreciation for Ammous has runs its course. Recently, Taleb blocked Ammous on Twitter, citing Ammous’ skepticism at the seriousness of coronavirus, calling him a crank and conspiracy theorist. Taleb is not the first, probably not the last, to note Saif’s unhinged ability to miss large points.
#7 He is Not Alone, No
Right now I am definitely a statist, I think we need draconian centralised planning to reduce the spread of Coronavirus and the overwhelming of health systems.
I am though thinking about post-Coronavirus and how we ensure governments retract from their new powers.
Am I alone?
— Peter McCormack (@PeterMcCormack) March 22, 2020
It's embarrassing how few Bitcoin holders grasp the significance of the disinflationary, parallel, decentralized, world's first, nigh-unstoppable, digital currency they own.
They think it's only about buying low and selling high 🤣
Bitcoin is a protest and a movement.
— Omar Bham (Crypt0) (@crypt0snews) March 23, 2020
#5 How Much Poorer You’ve Become
According this website, total M2 money supply for USD is $15.x trillion as of Feb 2020. It was $7.x trillion in 2008.
Can you work out how much poorer you become over that peroid just because of that?
— CZ Binance 🔶🔶🔶 (@cz_binance) March 23, 2020
#4 Lesson Not Learned
The lesson of the '08 global financial crisis was: If you bail out companies that were reckless, expect 100x as many companies to ask for a bailout next time things get tough. Within 15 years, America went from "maybe this one time" to "we need trillions immediately for all"
— Erik Voorhees (@ErikVoorhees) March 25, 2020
#3 Reputation Damage
@Blockstream – Don't hijack the bitcoin brand. Make a distinctive logo for your liquid tokens.
I can only assume that you are acting in good faith for so long. Liquid IOUs are not bitcoin and this MUST be made clear.
You risk severe reputation damage if you continue. https://t.co/mjiFJAgqt5
— 6102 (@6102bitcoin) March 25, 2020
#2 Hopium Knows No Chill
Wall Street and the media covering Wall Street have NO IDEA what’s happening right now.
We just entered a “bull market”… pic.twitter.com/cbAKqauS2b
— Yano (@JasonYanowitz) March 26, 2020
Cops shut the last of the straggler restaurants in Da Nang down this morning by going door to door. Found a black market Bahn Mi dealer to keep me fed. To make matters worse, my flight tonight to Tokyo and all subsequent international flights are grounded until end of April. pic.twitter.com/jd6pOdzsB8
— maplesyrupsucker (@maplesyrupsuckr) March 28, 2020
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DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.