The author of renowned “Skin in the Game,” named ‘Nassim Taleb,’ got into a little Twitter feud within which he explained that the majority investors can’t understand the nuances of a cryptocurrency like Bitcoin [BTC].
Taleb was exchanging posts with self-described “Bitcoin maximalist” Giacomo Zucco. He expressed Taleb’s views on imposing central planning by bureaucrats and politicians with “no skin in the game” because the best risk management strategy.
The former Wall Street trader turned risk engineering professor has labeled himself a localist, a “libertarian for higher levels of central government.”
Bitcoin Faraway From Traditional Financial System
However, despite the push for several countries to form central bank crypto currencies, there are many within the crypto community who see Bitcoin as faraway from the existing traditional financial establishments.
Some early Bitcoin [BTC] adopters like Roger Ver are staunch proponents of libertarian economics. As reported earlier in April that a libertarian think tank criticized the Unites States SEC [Securities and Exchange Commission] for stretching regulations in a clear plan to regulate cryptocurrency.