Analysing Nassim Taleb’s Bitcoin Black Paper with Lyn Alden

In this interview, Peter McCormack, host of What Bitcoin Did and Defiance podcasts, talks to Lyn Alden, a macroeconomist and investment strategist.

They break down Nassim Taleb's "Bitcoin Black Paper" and discuss his misconceptions and whether it offers any valid criticisms.

Episode timestamps:

00:00:00 Introduction
00:07:50 Proof of Work
00:14:00 Bitcoin isn't worth zero
00:19:53 Cost of Security
00:24:00 'Intrinsic' value & utility
00:39:52 Volatility & network effects
00:45:20 Medium of exchange (Lightning)
00:56:40 Unit of account
01:06:57 Store of Value
01:12:30 Privacy & human rights

The episode premiered on July 28, 2021.