12-19-2021, 01:42 PM
(12-15-2021, 08:15 PM)strife Wrote: (will also have to lose some of it's volatility)
This is why I think crypto is simply gambling at this point. I wonder how many people in America today would accept their paychecks in crypto. Even disregarding the fact that they would starve to death because grocery stores don't take crypto, my point is more that people don't want to be paid in a currency whose value tomorrow is unknown (and companies don't want to accept it, for the same reason). They think 6% inflation is bad, wait til they see 1000% inflation or deflation or alternating between the two.
NFTs almost seem to cement that view because the things people are selling with crypto are literally just useless virtual baubles with no intrinsic value. They're not exactly taking risks here.
Elon Musk will do it -- to some extent -- because he's kind of a wild card anyway. Pretty sure he's doing it "for the lolz", though. Risking Tesla's swag division by accepting crypto definitely seems like a Musk move.
Until grocery stores start taking it, it's just "virtual tulips".