Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by epa on Wednesday March 17, 2021 @11:49PM
(#26499529)
What is a tech stock's inherent value? They typically lose money and have a ton of employees. How is bitcoin different? You are investing in a technology with a group of people who are supporting it. As more people agree it is useful, the price goes up. Same thing as a stock.
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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by Aunche on Thursday March 18, 2021 @12:15AM
(#26499627)
Tech stocks aren't stores of value either. They're investments. No matter how speculative they are, the company is expected to return its profits back to the shareholders.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by epa on Thursday March 18, 2021 @01:55PM
(#26505486)
Now we are just playing with semantics.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by Aunche on Thursday March 18, 2021 @02:27PM
(#26505840)
From an purchaser's perspective, Bitcoin may be indistinguishable from a meme stock, but behind the scenes it's entirely different. You can't store wealth in a company because the company requires wealth the operate.