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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 byerobh on Monday February 08, 2021 @11:03AM (#26066279)
Lack of oversight is the main feature, it only scares old women (not even all of them, who would have guessed but my grandma asked about btc in a call a year ago.) and why is deflation bad?
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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by Sevii on Monday February 08, 2021 @11:16AM (#26066439)
Deflation is supposedly bad because it encourages people to hold their money instead of investing it into businesses and new products.

The problem is that it is a prisoner's dilemma situation, where capital holders do not want to be 'encouraged' to invest their money even if it might be a net benefit to society as a whole.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by vzcx on Monday February 08, 2021 @11:47AM (#26066909)
I am not convinced of the deflationary spiral.

No one invests for a "net benefit to society as a whole." They invest for a return, and you can NPV your project in both inflationary and deflationary environments.

[ Parent | on HN ]