Bitcoin – 'the value must be zero now'

Bitcoin – 'the value must be zero now'
Is blockchain ever going to be useful technology? (Image: Deposit Photos)
Brian Gaynor
Nassim Taleb, the highly regarded US academic and writer, was in the spotlight this week after his paper Bitcoin, currencies, and bubbles was published.It included the headline-grabbing statement that bitcoin’s “value must be zero now”.He made the following comments: “The customary standard argument is ‘bitcoin has its flaws but we are getting a great technology, we will do wonders with the blockchain’. No, there is no evidence that we are getting a great technology – unless ‘great technology...

More Finance

KPMG to lay off 4% of its US audit workforce
Finance

KPMG to lay off 4% of its US audit workforce

About 330 people in the US audit business to lose their jobs.

Carbon Catchup: Who's up, who's down?
Finance

Carbon Catchup: Who's up, who's down?

12 companies from the NZX50 increased their direct emissions compared to last year.

MHM Automation revenue jumped in year before acquisition
Finance

MHM Automation revenue jumped in year before acquisition

Expenses increased in kind leading to a slight dip in profit.

Ben Moore 04 Nov 2024
Westpac NZ posts profit of more than $1 billion
Finance

Westpac NZ posts profit of more than $1 billion

Fewer homeowners are struggling to repay their debts. 

Staff reporters 04 Nov 2024