Bitcoin Antifragility
Is Bitcoin Antifragile? Posts on Bitcoin antifragility, lindy effect, asymmetry, optionality and related concepts.
What's the Definition of Antifragile? Nassim N. Taleb's Definition:
"Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better." - Taleb in his brilliant book "Antifragile".
Investing in Bitcoin and The Antifragility Edge
It is better to be dumb and antifragile, than smart and fragile.
Bitcoin allows you to be dumb (ie not know what is going on). A thesis I put forward is: By holding bitcoin, you have the optionality from endless tinkering in layer 2 (lightning, side-chains..) and the application layer, but very little risk from the same thing. Asymmetry.
An exploration on Bitcoin Optionality and the Antifragility Edge can be found here.
Bitcoin Lindy Effect
The Lindy Effect heuristic is; if an ideas survives for 10 years, the expected future life time is also 10 years. Bitcoin has been around for 10 years with many enemies. The Lindy Effect indicates that Bitcoin has an ability to survive, even in a hostile environment.
Something that have survived a long time with high exposure (a lot of enemies), have a certain degree of survivability.
"The more an idea has been around without being falsified, the longer its future life expectancy." - Taleb
Learn more about Bitcoin and Antifragility below!
Paul Tudor Jones on Lindy Effect and Bitcoin
The Black Swan by Nassim Taleb: Summary and Key Takeaways
Nassim Nicholas Taleb’s treasure chest of a book and New York Times bestseller, “The Black Swan”, explores the nature of unpredictable events of huge consequence.
[Read more…] about The Black Swan by Nassim Taleb: Summary and Key TakeawaysBitcoin – A Call Option
Is Bitcoin the greatest option ever created? Think about it. You buy a piece of the scarce infrastructure that thousands of businesses and developers are building on.
[Read more…] about Bitcoin – A Call OptionThe Antifragility of Bitcoin & Cryptocurrencies
Discover the Antifragile nature of Bitcoin and Cryptocurrencies. On Bitcoin Antifragility, Black Swan logic, Lindy Effect and more.
[Read more…] about The Antifragility of Bitcoin & CryptocurrenciesAntifragility and Optionality in Bitcoin and Fat-Protocols
Antifragility and Optionality in Bitcoin, Cryptocurrencies and Fat-Protocols
Cryptocurrencies, native to blockchain based protocols can be seen as options. They represent fundamental internet infrastructure. These protocols are like railways on the 8th continent, the internet. Some of these railways have huge potential for innovation and applications to be built on top of them. The right to use future applications based on the protocol is obtained by purchase of the native cryptoasset. To use the apps built on the Bitcoin network you’ll have to own bitcoins.
[Read more…] about Antifragility and Optionality in Bitcoin and Fat-Protocols