The "What is Money?" Show Bitcoin is Antifragile: Nassim Taleb's "Antifragile" Part 2 w/ Mike Kelly
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Jun 27, 2025 In this engaging discussion, Bitcoin expert Mike Kelly dives into the idea of antifragility and how Bitcoin thrives in uncertain environments. He discusses the evolution of self-custody in Bitcoin and its practical economics, contrasting it with traditional economic theories. The conversation touches on the societal impacts of Universal Basic Income and the importance of individual liberty in fostering innovation. Mike also shares insights on the challenges of transitioning to Bitcoin and the critical role it plays in rebuilding financial systems.
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Translational Gap in Innovation
- There is often a translational gap between invention and its practical implementation.
- Innovations may exist for years before adoption due to inertia and relevance to users.
Bitcoin's Elegant Simplicity
- Bitcoin's simplicity defies complex economic critiques.
- Its practical success contrasts with Keynesian economists' skeptical models.
Bitcoin's Translational Gap
- Bitcoin is currently in its translational gap phase post inception in 2009.
- New Bitcoin use cases are gradually emerging through decentralized discovery.
