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Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by elhudy on Wednesday February 10, 2021 @12:42PM (#26092319)
>while that is true, you could also argue they deserve it because of the risk they took.

they didn't take any risk though, they just "mined bitcoins", which were more abundant then.

Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by rawtxapp on Wednesday February 10, 2021 @12:45PM (#26092355)
Well if the price increased at 1$, and you didn't sell any, you risked it going back to 0$. From that perspective, there's a risk holding on to it.
Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by PragmaticPulp on Wednesday February 10, 2021 @12:54PM (#26092499)
Investments are made to fund value creation.

What value did they create?

If the underpinnings of an economy accrue value purely to speculators while devaluing (in BTC-relative terms) actual assets and value creation, it has a major incentive problem.

What’s the one and only thing Bitcoiners want you to do with Bitcoin? Buy. That’s it. Any other use, including spending, is actively discouraged.

Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by rawtxapp on Wednesday February 10, 2021 @12:58PM (#26092538)
The value they created is a currency that's not controlled by a select few people.
Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by SideburnsOfDoom on Wednesday February 10, 2021 @01:09PM (#26092708)
1) Not a currency, 2) Debateable that it's value at all, and 3) "controlled by a select few people" is a remarkably paranoid/conspiracy way to frame that central banking is a necessary function of government.
Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by rawtxapp on Wednesday February 10, 2021 @01:20PM (#26092850)
1) I can use it to transfer monetary value, which is good enough for me, 2) the market puts it's current value at 45k$, 3) doesn't change the fact that central planning has created a very fragile economy.
Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by SideburnsOfDoom on Wednesday February 10, 2021 @01:23PM (#26092889)
Transferring monetary value at only 7 tps, while burning resources like a forest fire.

Visa is not worried.

Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by rawtxapp on Wednesday February 10, 2021 @01:30PM (#26092971)
@sideburns, Visa is not worried because they are going to start offering crypto payments.
Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by elhudy on Thursday February 11, 2021 @09:27AM (#26101783)
That is not a "risk" in the sense of adverse outcomes. Anyone can throw bitcoins in a wallet and forget about them for 10 years. There is no risk of adverse outcome involved in doing so, and people should not be rewarded it.