I believe Taleb's timeline is not as long term as the heat death of the universe or end of civilisation.
He's saying that a rational market should value bitcoin at 0 because it has 0 utility. If I buy shares in Walmart I receive a dividend, if I buy shares in Amazon I know they will do share buy backs with their profits and hence increase the value of my investment.
Bitcoin has zero value or utility for me, unless I can sell it to someone else before it eventually goes to 0.
He's saying that a rational market should value bitcoin at 0 because it has 0 utility. If I buy shares in Walmart I receive a dividend, if I buy shares in Amazon I know they will do share buy backs with their profits and hence increase the value of my investment.
Bitcoin has zero value or utility for me, unless I can sell it to someone else before it eventually goes to 0.