The famous Nassim Taleb seems to think so. In his dubbed Bitcoin Blackpaper, he explains why bitcoin’s fundamental value is zero.
Okay, sure, Taleb. You’re a renowned economist. Please let us know what the fundamental value of fiat currency is by that same logic?
Allen Farrington and Saifedean Ammous tore apart his blackpaper in this other paper https://www.uncerto.com/on-lachrymal-pressure
On a more serious note, here’s an actual rebuttal: https://twitter.com/rperezmarco/status/1410765945350627328
I didn’t want to comment on Taleb’s paper because of the friendship I have with him (that I don’t know if it is reciprocal). But I must honor truth and point out a couple of fatal flaws in his argument that the #bitcoin price must be 0. Below his technical supplement.
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