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?
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.
Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by OminousWeapons on Monday January 04, 2021 @12:49PM
(#25635088)
Got it, thanks.
This assumes that you can pay for something in Bitcoin directly (which was a common thing a few years back)