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David Frum

@davidfrum ↗

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Last Checked Sept. 24, 2021

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Sun Feb 21 13:54:22 +0000 2021

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David Frum @davidfrum

Of all the pro-bitcoin arguments, surely the worst is: "Store against inflation." Bitcoin speculative surge is driven by world historically low interest rates. How fast and deep does Bitcoin price crash when interest rates rise and opportunity cost of holding Bitcoin surges? — PolitiTweet.org

Posted Feb. 21, 2021 Hibernated

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David Frum @davidfrum

Of all the pro-bitcoin arguments, surely the worst is: "Store against inflation." Bitcoin speculative surge is driven by world historically low interest rates. How fast and deep does Bitcoin price crash when interest rates rise and opportunity cost of holding Bitcoin falls? — PolitiTweet.org

Posted Feb. 21, 2021 Hibernated Just a Typo

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David Frum @davidfrum

@joshtpm Real world problem: How do we invent new technologies that maintain standards of living while reducing greenhouse gas emissions? Bitcoin solution: Hey, how about a massively polluting new method of financial speculation in aid of money laundering? — PolitiTweet.org

Posted Feb. 21, 2021 Hibernated Just a Typo