I love how much the HN community is invested in demonizing Bitcoin for its energy consumption.
I wish for you bashing Bitcoin to keep all your wealth allocated in assets associated with fiat currencies.
I also wish that you spend lots of time running political narratives in order to stop a decentralized piece of technology from growing.
Good luck trying to reach out the Bitcoin CEO in order to ask him to shut down his "environmentally damaging operations".
In 5 years time, however, once the US dollar has lost 50% of its purchase power, you'll be begging your employer to pay you in Bitcoin.
By that time you'll conveniently forget the narrative about energy consumption.
You'll even claim that Bitcoin is one of the most important technologies ever invented, and that you always believed in it.
Except that most gold being traded under the "store of value" premise doesn't exist, it's "paper gold".
Also, gold is the one most manipulated market in the world, having both banks, central banks and governments actively interfering in its price discovery.
Following that logic China and India should be a lot more problematic than Brazil. As a matter of fact, both of those countries "mismanage" Covid-19 as well.
Not dismissing her accomplishments or anything, but to keep things in perspective, do understand that NASA is a government organization, and the incentives for vertical growth within government organizations are quite perverse, as they are not meritocratic and mostly related with politics.
Does that mean more energy will be used to mine Bitcoin and more carbon will be emitted in the atmosphere, killing turtles in the oceans and burning the remains of the Amazon forest?
With "low CPI" the government doesn't have to update government workers' salaries to compensate for real inflation.
In the US, 1/6 of the workforce is paid directly by the government, which indirectly generate something in the range of 30-50% of all economic activity in the country.
Hence why it's in the best interest of the government to state there's "low inflation": it doesn't have to spend too much with its payroll, while it can "profit" more from the money it prints.