Nouriel Roubini: Bitcoin is not a hedge against tail risk
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Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#2The value of everything is negative when you measure by these standards. We should stop laughing to emit less CO2.
Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#3Value of Humanity is negative given environmental impact
Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#4Bitcoin is a way of converting externalities into cash with no byproduct.
Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#5How does someone measure the potential value of "being a pain in the ass to those who seek to control the supply of money"
Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#6Bitcoin is a way of converting externalities into cash with no byproduct.
I don’t think that’s fair, cash is easy to spend unlike bitcoin.
Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#7Bitcoin is a way of converting externalities into cash with no byproduct.
Really? I think bitcoin is a way of accelerating externalities and the byproduct is an arbitrary transfer of wealth obfuscated with the cover of decentralization and value. Mining does not accelerate the development of renewable energy but rather an exploitation of idle resources.
P.S. I own crypto including Bitcoin.
Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#8How does someone measure the potential value of "being a pain in the ass to those who seek to control the supply of money"
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Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#9>The economics professor believes bitcoin is "not a unit of account," is "not a scalable means of payment," and is "not a stable store of value." Instead, he argues, it is a pump and dump scheme, where fear of missing out leads retail investors to speculate on an ever-increasing bubble.
In literally no way is this guy wrong.
Re: Nouriel Roubini: Bitcoin is not a hedge against tail risk
#10"The value of Bitcoin is negative if we applied a carbon tax to it" (paraphrased).
Can't this be said about literally anything?
Bitcoin and cryptos in general are actually worth more than $0 because people are tired of seeing their cash devalued on the whim of politicians and bankers.