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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 OminousWeapons on Monday January 04, 2021 @12:26PM (#25634669)
Couldn't someone achieve the same goals with fractional share investing which also comes with many more legal protections than crypto?
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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by WrtCdEvrydy on Monday January 04, 2021 @12:28PM (#25634720)
1 Bitcoin is worth 1 Bitcoin so a government printing more money can't hurt your Bitcoin, only make it more pricy.

This assumes that you can pay for something in Bitcoin directly (which was a common thing a few years back)

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by OminousWeapons on Monday January 04, 2021 @12:37PM (#25634897)
If I'm understanding correctly, what you are saying is that Bitcoin is fundamentally different than say a share of Amazon because inflationary activity could actually damage Amazon as a company and therefore lower the price of Amazon shares long term whereas Bitcoin cannot be damaged in such a way because it's value is not based on any real economic activity?
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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by WrtCdEvrydy on Monday January 04, 2021 @12:39PM (#25634929)
> whereas Bitcoin cannot be damaged in such a way because it is not based on any real economic activity

No, Bitcoin has economic activity from transactions on the Blockchain (peer-peer) and mining activity (system-miner). This activity cannot often by disrupted by another currency minting a lot of other currency.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by OminousWeapons on Monday January 04, 2021 @12:49PM (#25635088)
Got it, thanks.
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