Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by qqii on Monday February 08, 2021 @11:29AM (#26066600)

Here's a perhaps unique problem that cryptocurrency solves - trustless, decentralised proof of ownership (digital or physical) through NFTs.

This is a less talking about area of cryptocurrencies but in my opinion quite an important one. For the first time we can create digital scarcity without relying on a trusted party. NFTs have no digital analogue.

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by prepend on Monday February 08, 2021 @12:58PM (#26067812)

There’s lots of cool problems that crypto solves, but only once speculation goes away.

I think the incentives of new users greatly increasing wealth of early users is too alluring to overcome. Until that gets solved, I think it’s hard to actually meet some of these use cases because they get crowded out by various approaches who only care about attracting investors and speculators.

[ Parent | on HN ]