Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
Is Bitcoin antifragile?
by
deisik
on 06/04/2020, 12:38:19 UTC
⭐ Merited by vapourminer (1)
If you don't know what antifragility is, as Nassem Taleb defines it, you may want to read his book on the subject matter

Put succinctly, antifragility with respect to Bitcoin refers to its becoming stronger as everything else around it tumbles and falls apart. Well, as Taleb himself points out, there's no absolute antifragility, and it necessarily comes at the expense of something else, the latter being the source of antifragility as such. For example, humanity as a  whole becomes more resistant to Covid-19 specifically because some of its members die from it (natural selection at work)

So the question is, if Bitcoin is antifragile (which seems to be the case in certain or even most life circumstances), what does its antifragility come from? As recent events have shown (e.g. the coronavirus pandemic), Bitcoin gains where regular currencies fail, especially cash payments, or even when it itself takes a hit (e.g. BitMEX's little shenanigans). But that's definitely not the only reason which gives rise to, and more generally facilitates, its antifragile nature

I would like to look into this matter deeper and in greater detail - with your help, of course