Why Bitcoin Hasn’t Gained Traction as a Form of
Payment
https://www.wsj.com/articles/why-bitcoin-hasnt-gained-traction-as-a-form-of-payment-11612886974
The cost of using the digital currency, and its volatility, make day-to-day transactions impractical
https://www.wsj.com/articles/why-bitcoin-hasnt-gained-traction-as-a-form-of-payment-11612886974
The cost of using the digital currency, and its volatility, make day-to-day transactions impractical
What Can You Actually Buy with Bitcoin?
https://www.nytimes.com/2021/02/03/style/what-can-you-actually-buy-with-bitcoin.html
https://www.nytimes.com/2021/02/03/style/what-can-you-actually-buy-with-bitcoin.html
The Tesla-Bitcoin Singularity Is Here at Last
https://www.bloomberg.com/opinion/articles/2021-02-08/elon-musk-s-tesla-buying-bitcoin-is-inevitable-and-disconcerting
Liam Denning notes:
“Bitcoin is anything but routine, though. New, stateless, volatile, subject to cybertheft and potential government regulation, it is a currency only if you squint really hard and can jump through the hoops of actually using it. Tesla’s comment that it expects to begin accepting Bitcoin as payment in the near future is irrelevant; doing that doesn’t require hoarding it ahead of time.
On the other hand, the casual reference to Tesla
taking Bitcoin as payment down the road is like digital catnip, helping to
boost the value of that $1.5 billion bet. And it is a bet. Tesla is speculating
with $1.5 billion of the roughly $19 billion it had on the balance sheet at the
end of December, $12 billion of which was raised from selling more equity into
last year’s frenzied rally”.
Liam Denning notes:
“Bitcoin is anything but routine, though. New, stateless, volatile, subject to cybertheft and potential government regulation, it is a currency only if you squint really hard and can jump through the hoops of actually using it. Tesla’s comment that it expects to begin accepting Bitcoin as payment in the near future is irrelevant; doing that doesn’t require hoarding it ahead of time.
Related:
My take: