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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 whimsicalism on Monday January 04, 2021 @12:41PM (#25634967)
> Bitcoin's price is irrelevant if you're planning on using it as a deflation countering

How does bitcoin function as a "deflation countering method"?

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by WrtCdEvrydy on Monday January 04, 2021 @12:44PM (#25635005)
As long as you can find someone willing to trade something for Bitcoin, your Bitcoins are safe from USD printing.

Whether it's a pizza that later on is worth billions, or a car or something else. Your bitcoin is worth something, and is just another method of payment.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by whimsicalism on Monday January 04, 2021 @12:46PM (#25635053)
> your Bitcoins are safe from USD printing.

Wouldn't that make it a hedge against inflation?

Many people in this thread on the wrong side of the Dunning-Kruger curve.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by WrtCdEvrydy on Monday January 04, 2021 @01:01PM (#25635292)
I believe USD printing would 'deflate' your savings. But English as a third language so maybe I'm wrong...
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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by arcticbull on Monday January 04, 2021 @02:40PM (#25636776)
Literally every asset is safe from USD printing. Each and every one. As soon as you don't hold literal physical dollars in your possession what matters isn't inflation but the performance of the asset. Beanie babies, shoes, bitcoin, bond funds, stocks. All of them.
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