News for hackers. Stuff that matters.

A comment on PayPal to allow cryptocurrency buying, selling and shopping on its network. Parent comment

Re:PayPal to allow cryptocurrency buying, selling and shoppi... by tharne on Wednesday October 21, 2020 @10:29AM (#24848207)
Here's a use case:

Store your wealth digitally in an asset with a fixed supply that is not controlled by a government entity without the use of a third-party intermediary.

Obviously this applies to only to Bitcoin and not inflationary cryptocurrencies.

[ Parent | on HN ]
Re:PayPal to allow cryptocurrency buying, selling and shoppi... by tromp on Wednesday October 21, 2020 @12:13PM (#24849213)
Yes, obviously you cannot store wealth in a cryptocurrency whose inflation will at some point forever remain under 0.1% [sarcasm] Never mind that the yearly coin loss is probably closer to 1%.
[ Parent | on HN ]
Re:PayPal to allow cryptocurrency buying, selling and shoppi... by tharne on Wednesday October 21, 2020 @05:14PM (#24852256)
You can store your wealth in anything you like, even highly inflationary assets like cash, if that floats your boat. I was clarifying the use case I offered, which was an asset with a fixed supply.
[ Parent | on HN ]