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A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by ivanche on Wednesday February 10, 2021 @07:24AM (#26088250)
Anything claimed to be a hedge against inflation must have positive correlation with inflation. There are 200+ countries in the world and inflation in them is happening at different times and different rates. There's no way that gold knows which country you live at and if there's an inflation there currently.
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Re:Cambridge Bitcoin Electricity Consumption Index by kinghajj on Wednesday February 10, 2021 @07:27PM (#26096724)
Well, sure, no asset will track inflation in any particular country with a perfect correlation, but the markets are pretty good at minimizing arbitrage. I'm sure Venezuelan holders of gold or cryptocurrencies appreciate its use as a hedge.

https://www.goldbroker.com/charts/gold-price/ves

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Re:Cambridge Bitcoin Electricity Consumption Index by monopoledance on Wednesday February 10, 2021 @10:42AM (#26090633)
Isn't that because all thing generally become cheaper with technological/economical progression (ecological debt)?
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