I became disabled after a music festival last year. The music was too loud and something broke in my ear.
Now every sound hurts me, my voice is far too painful, going for a walk outside is too painful. Basically I can't do anything but sit in a silent room and browse the internet.
Pain hyperacusis sucks. I wish I'd been more careful with my hearing.
> The question should be, does Bitcoin help the real world economy?
That's a fine question too and I would argue that it doesn't help the real world economy. It just consumes energy for 0 utility except to facilitate ponzi schemes and money laundering
I believe Taleb's timeline is not as long term as the heat death of the universe or end of civilisation.
He's saying that a rational market should value bitcoin at 0 because it has 0 utility. If I buy shares in Walmart I receive a dividend, if I buy shares in Amazon I know they will do share buy backs with their profits and hence increase the value of my investment.
Bitcoin has zero value or utility for me, unless I can sell it to someone else before it eventually goes to 0.
There's a difference between value today and expected value in the future. A loaf of bread has value today but I wouldn't stockpile fresh bread because I know it quickly loses value