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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by notahacker on Monday January 04, 2021 @12:06PM (#25634242)
> You have to drop the idea that scarce/finite assets can, should or need to be used as "currency".

Sure, but the whole premise that Bitcoin is an asset is that it has theoretical use as currency. There are plenty of other things which are limited in quantity and fungible which nobody is paying $30k for because nobody believes that they are future of money.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by chillacy on Monday January 04, 2021 @02:54PM (#25636934)
From a podcast I listened to, Michael Saylor does not have "future of money" in his investment thesis at all. He doesn't see this as currency. Instead, he sees bitcoin as something more like gold, but much easier to move around (and across borders), easier to audit, easier to liquidate, etc.

That this is not what was in the original bitcoin whitepaper doesn't seem to have stopped him.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by gge on Monday January 04, 2021 @06:54PM (#25639971)
No. BTC is a store of value.
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