Nassim Nicholas Taleb explains why Bitcoin is not good for much except enriching early adopters and intermediaries.
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Saturday, October 18, 2025
Nassim Nicholas Taleb Shellacks Bitcoin and Cryptocurrencies
Topics: Banking industry, Currencies, Free markets and their discontents, Global warming, Payment system, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 5:08 am | 80 Comments »
How Energy Transition Models Go Wrong
Gail Tvergberg explains why oil prices are likely to remain be lower than full costs, and how that undermines the move to cleaner energy.
Topics: China, Commodities, Doomsday scenarios, Dubious statistics, ECONNED, Energy markets, Environment, Global warming, Guest Post, Technology and innovation
Posted by Yves Smith at 2:21 am | 48 Comments »
The Politics of ‘Follow the Science’
How the ralllying cry of “Follow the science” is looking more and more like sloganeernig as opposed to best practice.
Topics: Dubious statistics, Guest Post, Health care, Media watch, Pandemic, Politics, Science and the scientific method
Posted by Yves Smith at 12:18 am | 36 Comments »
2:00PM Water Cooler 6/22/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 119 Comments »
‘Managed Retreat’ from Climate Disasters Can Reinvent Cities So They’re Better for Everyone – and Avoid More Flooding, Heat and Fires
Managed retreat is a promising way to deal with rising seas…except it requires things we’re bad at, like planning and cooperation.
Topics: Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Global warming, Guest Post, Politics, Social policy, Social values
Posted by Yves Smith at 9:55 am | 33 Comments »
Links 6/22/2021
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 137 Comments »
Is Another Military Coup Brewing in Peru, After Historic Electoral Victory for Leftist Candidate?
The threat should not be taken lightly, especially given Peru’s long history of coups d’états.
Topics: Guest Post
Posted by Nick Corbishley at 6:47 am | 24 Comments »
The Bullshit Economy: How Amazon Sidewalk Steals Your Bandwidth
How Amazon’s Sidewalk feature enhances their products at customers’ expense.
Topics: Guest Post
Posted by Yves Smith at 4:34 am | 32 Comments »
Decade Of Chaos Could Send Oil To $130 Per Barrel
Oil mavens are stymied at guessing what the commodity’s price trajectory might be.
Topics: Commodities, Dubious statistics, Energy markets, Global warming, Guest Post, Investment outlook
Posted by Yves Smith at 4:13 am | 27 Comments »
Mindat: The Wikipedia for Minerologists, Miners, and “Rock Hounds” (Except Not)
Citizen science goes unreward by giant monopolists Wikipedia and Google.
Topics: Free markets and their discontents, Guest Post, The dismal science
Posted by Lambert Strether at 5:55 pm | 11 Comments »
2:00PM Water Cooler 6/21/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 115 Comments »
Links 6/21/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 215 Comments »
How the Covid Pandemic Could Save Us
The Covid pandemic has created a hinge moment of change, in which governments and citizens have demonstrated their ability to undertake reforms which would have been impossible before the pandemic.
Topics: Guest Post, Pandemic
Posted by Lambert Strether at 5:25 am | 38 Comments »
Summer Rerun: The Victory of Privilege
Privilege went from an idea discussed by a few activists to a mainstream concept. How does the idea work in practice? What is its history?
Topics: Guest Post, Income disparity, Politics, Social policy, Social values
Posted by Yves Smith at 5:04 am | 14 Comments »
The Pandemic Is Us (But Now Mostly Them)
The pandemic is largely to be over in the Global North, at least among the vaccinated…or so it seems.
Topics: Africa, Banana republic, Doomsday scenarios, Dubious statistics, Globalization, Guest Post, Hedge funds, Income disparity, Pandemic, Politics, Science and the scientific method
Posted by Yves Smith at 4:30 am | 56 Comments »