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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 guenthert on Wednesday February 10, 2021 @12:52PM (#26092464)
> 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.

Inflation serves a purpose. The cash is devalued not on a whim, but to prevent collapse. Bitcoin indeed prevents that. Fortunately it's just a fringe market. Lets hope it stays that way.

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Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by hanniabu on Wednesday February 10, 2021 @12:55PM (#26092508)
> The cash is devalued not on a whim, but to prevent collapse.

Tell that to Venezuela.

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Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk by Nasrudith on Wednesday February 10, 2021 @01:13PM (#26092758)
Under that logic we should not drink because people have died of drowning and water intoxication.
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