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A comment on Nouriel Roubini: Bitcoin is not a hedge against tail risk. Parent comment

Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by rybosworld on Wednesday February 10, 2021 @12:38PM (#26092255)
People have been making some variation of this claim since bitcoin was $0.01.

There haven't yet been any successful attempts at destroying it, which I think is what you're implying. Not to say it can't happen, but then if we prepared for every single possible scenario we'd all be quite exhausted.

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Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by fileeditview on Wednesday February 10, 2021 @01:57PM (#26093257)
I guess the reason it didn't happen is that there is no need for it. Probably they laughing their ass off by profiting from it. Not sure how it works in the US but e.g. in Germany you have to pay taxes on crypto earnings. Sure you can just hold forever but what does it help you then?
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Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by mamon on Wednesday February 10, 2021 @01:03PM (#26092612)
Bitcoin exists for just over a decade now. Give governments and financial regulatory bodies some time to catch up and they will destroy it, maybe creating their own cryptocurrencies in process.
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