Famous Writer Reacted to Fake Stocks in the Blockchain

The famous writer reacted to the fake stocks in the blockchain. Nicholas Taleb was critical of the subject.

Nicholas Taleb, author of Black Swan, said that he doesn't like the idea of ​​"fake" shares of the world's leading giant companies being traded on the blockchain. Author Nicholas Taleb, who foresaw the financial crisis of 2008 in his bestselling book Black Swan, does not "buy" the idea of ​​trading fake shares on the blockchain. Taleb said he likened decentralized finance to "gambling by stock prices". Posting on his Twitter account, Taleb said, "Youth learning on Twitter should sit down with 'traders sipping aged brandy', shut up and learn something."

Fake Apple and Tesla Stocks on Blockchain

For many years, Wall Street wondered whether it would be viable to shift exchanges to the cryptocurrency technology blockchain. Now, without waiting any longer, the creators of the rapidly growing and developing decentralized finance (DeFi) have developed copies of the stocks of some of the world's giant companies. With the Mirror Protocol and Synthetix projects, fake twins of some popular ETFs have also been created, along with fake shares of big companies like Tesla, Apple, Amazon.   If you want to read more: Fake Apple and Tesla Shares on Blockchain