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Because having bitcoins preserves value, you might see it as spending but it is actually saving. They can still choose to spend it on hiring people if they want

Because having bitcoins preserves value, you might see it as spending but it is actually saving. They can still choose to spend it on hiring people if they wanted.

alacombe 6y ago
Just wait for the next dip, I'm gonna laugh my ass off...
- spurdoman77 6y ago
  Their BTC bet is already profitable to the tune of 1bln. Yeah BTC will crash at some point but still those who either manage to sell at good enough levels or have long enough time preference to hold til the next rally will make some serious profit.
mrkramer 6y ago
The day when Satoshi left Bitcoin Project is going downhill. Bitcoin without Satoshi is like Apple without Steve Jobs. Without good leadership it is hard for anything to survive.
- pjc50 6y ago
  The price has gone up by several orders of magnitude, and Satoshi hardly provided much leadership beyond the original paper.
  - lupire 6y ago
    Is the price going up good?
    - pjc50 6y ago
      It's the only thing it really has going for it.
  - mrkramer 6y ago
    >Satoshi hardly provided much leadership beyond the original paper Except he designed and coded the whole thing and provided every day support for 2 years. >The price has gone up by several orders of magnitude Price of the Bitcoin doesn't mean anything if it is not used as cash as Satoshi intended. You don't receive your salary in Bitcoin and you don't shop with Bitcoin. Speaking of price even regulated assets like stocks are prone to hype and excessive speculation see Dot-com bubble [1] [1] https://en.wikipedia.org/wiki/Dot-com_bubble https://en.wikipedia.org/wiki/Dot-com_bubble
    - gverrilla 6y ago
      Social creations not always go like the creator wanted, that's how it works. Bitcoin is a whole movement that goes way beyond the btc protocol.
xirbeosbwo1234 6y ago
And the market agrees with you! Spending $1.5 billion on Bitcoin during the middle of a massive speculative bubble is just the sort of responsible leadership investors want to see in these uncertain times. That's why Tesla's stock has been as rock-solid as Bitcoin since they announced their purchase.

Because having bitcoins preserves value, you might see it as spending but it is actually saving. They can still choose to spend it on hiring people if they wanted.

alacombe 6y ago

Just wait for the next dip, I'm gonna laugh my ass off...

spurdoman77 6y ago
Their BTC bet is already profitable to the tune of 1bln. Yeah BTC will crash at some point but still those who either manage to sell at good enough levels or have long enough time preference to hold til the next rally will make some serious profit.

mrkramer 6y ago

The day when Satoshi left Bitcoin Project is going downhill. Bitcoin without Satoshi is like Apple without Steve Jobs. Without good leadership it is hard for anything to survive.

pjc50 6y ago
The price has gone up by several orders of magnitude, and Satoshi hardly provided much leadership beyond the original paper.
- lupire 6y ago
  Is the price going up good?
  - pjc50 6y ago
    It's the only thing it really has going for it.
- mrkramer 6y ago
  >Satoshi hardly provided much leadership beyond the original paper Except he designed and coded the whole thing and provided every day support for 2 years. >The price has gone up by several orders of magnitude Price of the Bitcoin doesn't mean anything if it is not used as cash as Satoshi intended. You don't receive your salary in Bitcoin and you don't shop with Bitcoin. Speaking of price even regulated assets like stocks are prone to hype and excessive speculation see Dot-com bubble [1] [1] https://en.wikipedia.org/wiki/Dot-com_bubble https://en.wikipedia.org/wiki/Dot-com_bubble
  - gverrilla 6y ago
    Social creations not always go like the creator wanted, that's how it works. Bitcoin is a whole movement that goes way beyond the btc protocol.

xirbeosbwo1234 6y ago

And the market agrees with you! Spending $1.5 billion on Bitcoin during the middle of a massive speculative bubble is just the sort of responsible leadership investors want to see in these uncertain times. That's why Tesla's stock has been as rock-solid as Bitcoin since they announced their purchase.