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A comment on The antidote to civilisational collapse – An interview with Adam Curtis (2018). Parent comment

Re:The antidote to civilisational collapse – An interview wi... by pjc50 on Wednesday April 07, 2021 @04:26AM (#26721845)
Musk takes away with the other hand: by backing Bitcoin and the large-scale waste of not-yet-zero-carbon electricity. https://www.ft.com/content/a9bd5b42-272e-465c-9284-9fe2a7906...
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Re:The antidote to civilisational collapse – An interview wi... by optimiz3 on Wednesday April 07, 2021 @04:31AM (#26721886)
Tesla isn't mining it. Bitcoin costs nothing to hold. It's a hedge against inflation given TSLA's massive cash reserves.
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Re:The antidote to civilisational collapse – An interview wi... by ben_w on Wednesday April 07, 2021 @05:37AM (#26722392)
Governments try to keep inflation in a narrow range; they avoid high inflation for obvious reasons, they avoid low inflation precisely so people don’t sit on massive cash reserves, because it is bad for everyone when that happens.
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Re:The antidote to civilisational collapse – An interview wi... by simonh on Wednesday April 07, 2021 @05:43AM (#26722464)
It so ludicrously volatile that it’s not a rational hedge against anything.
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Re:The antidote to civilisational collapse – An interview wi... by dragonelite on Wednesday April 07, 2021 @05:40AM (#26722423)
Is that the new angle to attack bitcoin with?
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