3 ms·

It's not $1 billion. It's $1 billion worth of shitcoin. If the charity actually tried to liquidate this donation the token would be finished.

• COGlory 5y ago
  Does he still get to write it off?
  • spullara 5y ago
    As long as he can prove that was the market value at the time.
  • therein 5y ago
    It is a good question.
• jocho12 5y ago
  Definitely, liquidation would trigger mass collapse of the coin prices, making the donation only useful prominently in the ETH form. News outlets ate this up, yet the liquidity issue of the transaction was not mentioned at all.
  • gjvc 5y ago
    The terms "inflation" and "deflation" are used in the context of the amount of a currency in circulation, and in the wider financial context, they have little sensible meaning otherwise. When talking about price, "increase" and "decrease" would be a more correct term, or in this case, "collapse".
    • jocho12 5y ago
      Given the context, "collapse" would be more fitting for clarity. Cheers.