A Black Swan is a unpredictable event with seismic consequences.
911 was a Black Swan in the Geo-Politics.
COVID19 was a Black Swan for the world economy.
What will Crypto’s Black Swan event be?
That was my question as I saw prices plummet this past week over the news of China’s crackdown on Miners.
As dramatic these developments were, it wasn’t exactly what we would call a Black Swan.
We knew the Chinese controlling party has very little tolerance to any challenge to its domestic monopoly of power. One only need ask Alibaba’s Jack Ma.
Regulation was predictable.
By its very definition, a Black Swan would be impossible to anticipate.
But it is an interesting thought experiment, nonetheless.
What if a Quantum Computer managed to break the impregnable Bitcoin Blockchain, and started duplicating coins of it’s own accord.
What if the US Dollar suffered from hyperinflation and the economies of the were forced to search for another neutral reserve currency?
What if the central banks of the world were attacked by a rogue and malicious general artificial intelligence of our own making?
It wouldn’t be the first time something we created in a lab got out of control.