Bitcoin is Anti-Fragile: 20 Reasons

By Stephen Perrenod on The Capital

“Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.” — Nassim Nicholas Taleb

Bitcoin Improves as it Faces Uncertainty

This article is inspired by Nassim Nicholas Taleb’s Antifragile: Things that Gain from Disorder. The term that he created, Antifragile, means beyond resiliency, beyond robustness. It conveys something that improves in response to shocks and errors, as happens in the evolution of living organisms with errors and mutations. The most adaptable survive and prosper. This also happens for humans individually when they exercise; moderate stresses on the body confer benefits overall. Whole industries benefit from failures as weaker firms and less useful business ideas are weeded out (‘creative destruction’) and resources flow to superior technology and its implementation.

Bitcoin has survived many errors, shocks, and even splits from the main branch of its evolutionary tree. Bitcoin has falsely been declared dead by journalists and old fiat economy-wise men and women (or fiat economy dependent people) some 380 times: https://99bitcoins.com/bitcoin-obituaries/. All these events, or concerns, or self-interested attacks (Jamie Dimon, I am thinking of you) have not stopped Bitcoin. It gets stronger with every…