<story><title>Tesla buys $1.5B in Bitcoin, may accept it as payment in the future</title><url>https://techcrunch.com/2021/02/08/tesla-buys-1-5b-in-bitcoin-may-accept-the-cryptocurrency-as-payment-in-the-future/</url></story><parent_chain><item><author>chill1</author><text>Are you sure you can&amp;#x27;t spend Bitcoin directly for goods and services? Have you tried? When was the last time you searched for physical shops near you [1] that accept it?&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;coinmap.org&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;coinmap.org&amp;#x2F;&lt;/a&gt;</text></item><item><author>robjan</author><text>I can receive bitcoins but I cant buy food with bitcoins or pay my staff with bitcoins. At some point I need to convert these coins to fiat and that&amp;#x27;s subject to the same controls that GP noted.</text></item><item><author>vntok</author><text>Yes it has, anyone in the world can open their own &amp;quot;current account&amp;quot;&amp;#x2F;&amp;quot;deposit account&amp;quot; for free, right now. Barring hacking you, no government or authority can access it without your consent. None can prevent you from receiving money in it from someone else, or from transferring money out of it to someone else.</text></item><item><author>robjan</author><text>Has bitcoin actually solved that problem though?</text></item><item><author>I_am_tiberius</author><text>I don&amp;#x27;t understand such kind of comments. Let&amp;#x27;s talk again after you experienced a bank cancelling your business account for no reason with seemingly having landed on a shared hidden blacklist that makes it impossible to get a new bank account.</text></item><item><author>rzodkiew</author><text>Bitcoin is a mystery to me. Somehow it&amp;#x27;s hailed as revolutionising the economy, by replacing currency with a worse kind of currency.&lt;p&gt;It feels like this is where all the &amp;quot;how to get rich quick&amp;quot; book writers and other hustle bros went and created one giant financial pyramid, which works in quite simple way:
- buy bitcoin
- tell everyone around how revolutionary it is, so they buy it and what you holding increases in value, then tell them to do the same.&lt;p&gt;Keep repeating the above two steps through different layers of abstraction, so it&amp;#x27;s not so obvious anymore.&lt;p&gt;The other thing that comes into play and makes it grow even bigger is when people see others who made money on this bunch of bollocks, and think that the fact they are rich somehow makes them smart. Then they buy into all of the cryptocurrency platitudes wholesale without stopping for a moment to critically evaluate it.&lt;p&gt;I think I&amp;#x27;m a bit sour, because this whole crypto-crap infested the idea space of decentralisation, which is imho very important step that we should try to take take as a society. Now it&amp;#x27;s just forever tainted with bitcoin and all the greed fuelled people there, while the decentralisation should be quite the opposite in nature.&lt;p&gt;You know what would be revolutionary? Getting rid of currency altogether.</text></item></parent_chain><comment><author>robjan</author><text>I can buy mining equipment or stay at an hourly love hotel located in the red light district in my city according to the map. I guess some of my needs could be met.</text></comment>
<story><title>Tesla buys $1.5B in Bitcoin, may accept it as payment in the future</title><url>https://techcrunch.com/2021/02/08/tesla-buys-1-5b-in-bitcoin-may-accept-the-cryptocurrency-as-payment-in-the-future/</url></story><parent_chain><item><author>chill1</author><text>Are you sure you can&amp;#x27;t spend Bitcoin directly for goods and services? Have you tried? When was the last time you searched for physical shops near you [1] that accept it?&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;coinmap.org&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;coinmap.org&amp;#x2F;&lt;/a&gt;</text></item><item><author>robjan</author><text>I can receive bitcoins but I cant buy food with bitcoins or pay my staff with bitcoins. At some point I need to convert these coins to fiat and that&amp;#x27;s subject to the same controls that GP noted.</text></item><item><author>vntok</author><text>Yes it has, anyone in the world can open their own &amp;quot;current account&amp;quot;&amp;#x2F;&amp;quot;deposit account&amp;quot; for free, right now. Barring hacking you, no government or authority can access it without your consent. None can prevent you from receiving money in it from someone else, or from transferring money out of it to someone else.</text></item><item><author>robjan</author><text>Has bitcoin actually solved that problem though?</text></item><item><author>I_am_tiberius</author><text>I don&amp;#x27;t understand such kind of comments. Let&amp;#x27;s talk again after you experienced a bank cancelling your business account for no reason with seemingly having landed on a shared hidden blacklist that makes it impossible to get a new bank account.</text></item><item><author>rzodkiew</author><text>Bitcoin is a mystery to me. Somehow it&amp;#x27;s hailed as revolutionising the economy, by replacing currency with a worse kind of currency.&lt;p&gt;It feels like this is where all the &amp;quot;how to get rich quick&amp;quot; book writers and other hustle bros went and created one giant financial pyramid, which works in quite simple way:
- buy bitcoin
- tell everyone around how revolutionary it is, so they buy it and what you holding increases in value, then tell them to do the same.&lt;p&gt;Keep repeating the above two steps through different layers of abstraction, so it&amp;#x27;s not so obvious anymore.&lt;p&gt;The other thing that comes into play and makes it grow even bigger is when people see others who made money on this bunch of bollocks, and think that the fact they are rich somehow makes them smart. Then they buy into all of the cryptocurrency platitudes wholesale without stopping for a moment to critically evaluate it.&lt;p&gt;I think I&amp;#x27;m a bit sour, because this whole crypto-crap infested the idea space of decentralisation, which is imho very important step that we should try to take take as a society. Now it&amp;#x27;s just forever tainted with bitcoin and all the greed fuelled people there, while the decentralisation should be quite the opposite in nature.&lt;p&gt;You know what would be revolutionary? Getting rid of currency altogether.</text></item></parent_chain><comment><author>twox2</author><text>The fees are too high and at least in the US, every transaction is taxable.</text></comment>