Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk
by FlownScepter on Wednesday February 10, 2021 @01:06PM
(#26092669)
> Why is there no value than in people being able to chose a money/investment vehicle they believe to be to their benefit?
Because the only thing generated is fake money on a spreadsheet. There is no product, there is only consumption of resources to generate nothing.
For all of what's involved here, you could just pull the same amount of money out of thin air, deposit it in their IRA, and nothing changes, apart from way, WAY less energy consumption.
Because the only thing generated is fake money on a spreadsheet. There is no product, there is only consumption of resources to generate nothing.
For all of what's involved here, you could just pull the same amount of money out of thin air, deposit it in their IRA, and nothing changes, apart from way, WAY less energy consumption.