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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 lm28469 on Monday February 08, 2021 @10:22AM (#26065682)
> While away on vacation, I once sent $1000 in cold hard cash, on a Sunday, to an unbanked person in Los Angeles, in less than 1 hour, thanks to bitcoin and the recipient withdrawing it for cash at a Bitcoin ATM. There is not a single alternative service in the world that would have made this possible.

And this is reason enough to replace all other currencies with btc ? Because it's fast ?

If people thought a little beyond their personal use cases, they would understand the NON utility of Bitcoin/crypto for most

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by mrb on Monday February 08, 2021 @12:43PM (#26067645)
«replace all other currencies with btc»

What's up with this mindset that Bitcoin must REPLACE the existing system? As a Bitcoin user for 10+ years I always envisioned Bitcoin would simply co-exist with the rest. Your mind is too binary, my friend.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by lm28469 on Tuesday February 09, 2021 @07:13AM (#26076596)
> What's up with this mindset that Bitcoin must REPLACE the existing system?

You tell me, I'm not the one who came up with it

https://www.finextra.com/newsarticle/34920/deutsche-bank-pre...

https://cointelegraph.com/news/crypto-will-eventually-replac...

https://www.forbes.com/sites/investor/2019/08/05/crypto-is-r...

and hundreds of other articles...

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by FabHK on Monday February 08, 2021 @10:52AM (#26066106)
> Because it's fast ?

Not that fast: for most purposes you have to wait about an hour. Not as fast as centralised fast systems.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by WrtCdEvrydy on Monday February 08, 2021 @12:39PM (#26067596)
2 confirmations is usually enough for most transactions. 6 confirmations guarantees the money will never be reversed.
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