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Also good luck getting 1B converted to dollars without a major head-ache. I feel like 1B in bitcoin is as bad if not even worse than 1B in cash. It isn't super
by orbifold 6y ago
Also good luck getting 1B converted to dollars without a major head-ache. I feel like 1B in bitcoin is as bad if not even worse than 1B in cash. It isn't super useful in that form.
- robjan 6y agoIf you tried to convert it into dollars it would move the market and devalue your holdings. But buying into bitcoin would have also moved the market in the other direction, tbh.
- rudolph9 6y agoIt’s not useful for small payments but I would happily take the equivalent $1k+ in bitcoin as payment.
- compiler-guy 6y ago“The difference between one million dollars and a billion dollars is about one billion dollars.“ 1k transactions and even 1k * 1k transactions are so small relative to this amount that the GP’s point still stands. This is not a very useful way of storing the value.
- electricviolet 6y agoyou've got a typo there, one of your millions should say billion
- compiler-guy 6y agoThanks for the catch. fixed.