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 kgwgk on Monday February 08, 2021 @08:01PM (#26072571)

> It doesn't position itself as a currency. This fairytale is long gone, forget about it.

Bitcoin doesn’t position itself as anything.

In other comments, though, you can see people are still defending its usefulness as currency.

Your example is a bit strange, by the way. Transatlantic bank transfers in your currency of choice have been a solved problem for decades.

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by andreygrehov on Tuesday February 09, 2021 @02:52PM (#26081733)

I'm talking about transferring bars of gold, which is not the same as a digital transfer.

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by kgwgk on Tuesday February 09, 2021 @05:13PM (#26083100)

So bitcoin, despite being more volatile than gold, is a better store of value because it can be transferred more easily?

Ok then. It can also be stolen or lost more easily, though.

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by andreygrehov on Wednesday February 10, 2021 @12:04PM (#26091801)

There is always going to be "It can also...". I can say that a friend of yours can come to your place and steal a golden ring from your desk.

The volatility concern will eventually go away. Volatility represents people's opinion about Bitcoin. They don't understand it yet. If you look into history, you'll notice that pretty much every new invention goes through this phase. People's first reaction is always the same - "nobody needs it, nobody's going to ever use it".

[ Parent | on HN ]