Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by mrb on Monday February 08, 2021 @09:44AM
(#26065111)
«they buy it and what you holding increases in value, then tell them to do the same.»
Literally the same happens to any investment: tell people to buy stock X, time share Y, precious metal Z, that it's awesome, so it gains value, etc
The fact is Bitcoin/crypto is revolutionary. For example it allows merchants to cut down on fraud, since a payment received in BTC is irreversible, so chargeback fraud is impossible. It enables instantaneous B2B international payments. It allows escaping your country inflationary currency. It's censorship-resistant. It empowers the unbanked & underbanked.
Literally the same happens to any investment: tell people to buy stock X, time share Y, precious metal Z, that it's awesome, so it gains value, etc
The fact is Bitcoin/crypto is revolutionary. For example it allows merchants to cut down on fraud, since a payment received in BTC is irreversible, so chargeback fraud is impossible. It enables instantaneous B2B international payments. It allows escaping your country inflationary currency. It's censorship-resistant. It empowers the unbanked & underbanked.