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RE: SteemIt Inc funding: open market token sale VS private equity (crowd)funding

in #steemit8 years ago

"blackswan" in my post refers to the event in Bitshares lore where a market pegged asset position isn't sufficiently collateralized anymore to maintain the peg. I agree that this is a rather liberal use of "blackswan" that departs significantly from N. Thaleb's original definition. And as you highlight, it's particularly ironic this time around because its occurrence will have been entirely predictable.