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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 lordnacho on Wednesday February 10, 2021 @12:45PM (#26092361)
It's not a nitpick, he's referring to Pigovian Taxes.

https://en.wikipedia.org/wiki/Pigovian_tax

It's obvious that you can tax anything by some amount to eat up the value.

He means if you tax it according to the amount of unaccounted-by-the-market negative value, it comes out negative.

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Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by rybosworld on Wednesday February 10, 2021 @01:25PM (#26092919)
Right, that's fair to say.

But the economist in OP is essentially ignoring where bitcoin actually get's it's value from and only focusing on it's electrical consumption.

Bitcoin means different things to different people. But many see it as the single best hedge against modern monetary policy.

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