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 exclusiv on Monday February 08, 2021 @12:49PM (#26067730)

Just because someone doesn't like Bitcoin doesn't mean it's a misunderstanding because they're privileged.

Bitcoin IS a terrible currency because it's volatile. Really the worst aspect to have in a currency.

Also, your statement alludes to Bitcoin being the one true way, as if there are no other options for third world countries.

Volatility in a currency is a terrible idea and it gets even more terrible of an idea when utilized by people with little money.

Can you explain how a volatile thing like Bitcoin is a reasonable currency for third world countries?

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by neop1x on Monday February 08, 2021 @07:03PM (#26072097)

Fiat money is also volatile like crazy. Look at various forex pairs. USDCZK for example had 22% change in the past year and both are "stable" currencies.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by exclusiv on Monday February 08, 2021 @09:16PM (#26073092)

You're talking about exchange. But even in that example, it's not anywhere near the equivalent of going from ~17k to 3.5k, then up to 45k+ as bitcoin.

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