News for hackers. Stuff that matters.

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 kortilla on Tuesday February 09, 2021 @02:30PM (#26081536)
Don’t shift the goal posts. The discussion is about why currency debasement is bad for the middle and lower class long term rather than “not wanting to pay taxes”.

The current stimulus checks are certainly great because it hasn’t shaken confidence in the USD so borrowing rates are cheap. But if inflation takes off because of oversupply of money or a cash shortage (due to hawkish positions) then debasement is a real fuck you to everyone paid in USD.

[ Parent | on HN ]
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by skinnymuch on Friday February 12, 2021 @08:17AM (#26113282)
His point which I agree with is that the original discussion is pointless and not relevant to reality.

Similarly, your second paragraph to me is fear-mongering. Not based in actual reality.

[ Parent | on HN ]