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BLOCKCON 2018: Full Fireside Chat with Naval Ravikant and Nassim Nicholas Taleb (Watch Video)

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BLOCKCON 2018: Full Fireside Chat with Naval Ravikant and Nassim Nicholas Taleb (Watch Video)

Day 2 of BLOCKCON 2018 featured a fireside chat with author Nassim Nicholas Taleb and AngelList Co-Founder Naval Ravikant. They spoke on a wide range of topics and explained key concepts from Taleb’s writings. You can see our full coverage from Day 1, Day 2, or Day 3 of BLOCKCON using these links.

The first topic was around people’s incentives for the actions they take. Taleb shared a lesson from a senior trader when he was a young banker:

Taleb believes that this is a major problem with journalists:

Ravikant added that he stopped looking at problems through the lens of Macroeconomics for similar reasons:

And they both felt that economists, like Paul Krugman, should put their money where their mouth is when it comes to their opinions on Bitcoin:

The next major topic was that of risk. Taleb said that over the past few decades there has been a shift in that those taking the biggest risks are not held accountable:

This is true when it comes to listening to those talking the most about risk:

Ravikant then started a dialogue on one of Taleb’s key concepts, Anti-Fragility. He believes that Bitcoin has become more and more Anti-Fragile:

The longer Bitcoin exists, the longer it probably will exist:

If you want to look at these questions from a game theory perspective, you might not find it in a textbook:

The pair ended their discussion with the concept of the “minority rule” using the US beverage market as an example:

And expect to see it in the Blockchain industry:

They closed with a good framework for decision making:

You can see our full coverage from Day 1, Day 2, and Day 3 of BLOCKCON using these links.

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Co-Founder, Blockchain Beach -- Twitter: @EvanGreenberg

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