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A comment on Tesla buys $1.5B in Bitcoin, may accept it as payment in the future. Parent comment

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by WanderPanda on Monday February 08, 2021 @09:14AM (#26064678)
Can not withstand, sorry: Bitcoin is a store of value nowadays. If you want to compare it in an environmental-impact way then compare it e.g. against gold mining.
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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by igorkraw on Monday February 08, 2021 @11:03AM (#26066281)
Bitcoin smoothly moves between store of value and next level of banking whenever fees rise to high to transact or a new tech which is totally gonna make it scale and be affordable for micropayments respectively.

As a store of value it is utterly unusable due to volatility. Like gold, another perennial favorite of a similar crowd.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by WanderPanda on Monday February 08, 2021 @11:27AM (#26066580)
Beeing a “perennial favorite of a crowd” seems like a good property for a store of value ;)
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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by igorkraw on Monday February 08, 2021 @11:40AM (#26066788)
Depends on the crowd size and philosophy. The only true store of value is a diverse portfolio, anything below that you need to use your own priors and data to decide what kind of risk you take.
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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by criddell on Monday February 08, 2021 @09:40AM (#26065047)
You don't have to mine to make a transaction with gold.
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