Why would they in the first place? It would be like a newspaper buying gold. If investors want to buy bitcoin they can just do that.
Businesses are following the lead of Microstrategy with keeping BTC on the treasury books to increase profits and hedge against inflation.
But now they’re essentially just a bitcoin proxy, they even changed the logo to have a bitcoin on it.
Now that there’s lots of ETFs and stuff, why buy Microstrategy and not just bitcoin?
If you own a share of meta then you own a share of meta and meta owns a mix of assets ranging from physical to various liquidity, whether its USD or BTC there isn’t any difference in this regard.
Because holding USD is a liability these days.
Is it?
Seems like petrodollars have been riding high for decades.
Since you’ve missed the news, the USA has been overtaken by a fascist christian white supremacist party who gut social programs, cut science funding, literally completely disbanded the department of education, increased the defficit, and enacted large Tariffs on every other nation.
the USA has been overtaken by a fascist christian white supremacist party
For the third time (assuming you don’t count Congressional cycles) in twenty years. I’ve spent a solid 13 of the last 25 years living under a Christian Fascist presidency. Why am I supposed to assume that will devalue the dollar this time around?
You’re either pretending this administration isn’t worse than any previous example or you are woefully naïve.
Apparently GameStop are considering it too.
Yeah but GameStop’s entire existence depends on crypto meme hype, while Meta’s depends on extracting our data as efficiently as possible
is gamestop even relevant anymore
Gamestop already did last week
I’m out of date then.
BECAUSE CRYPTO IS A SCAM
It’s not, but there are plenty of crypto scams. It’s not an investment and it’s also not a particularly good store of value, but it is decent for P2P transactions, with some coins also providing privacy.
If that’s not your use case, don’t buy cryptocurrencues. Most people shouldn’t buy them until more places accept them for payment.
Most people shouldn’t buy them until more places accept them for payment.
It’s not going to happen. You can’t price things when the value of the currency changes every 10 minutes.
You’re aware we just use the conversion price in fiat, right?
I don’t know what you’re saying. If I charge a particular amount for a loaf of bread and then the cryptocurrency value drops halfway through the day then that person still has the bread but I now don’t have the money.
The whole point of currency is to get away from the fluctuating value of exchange that everyone had to deal with when we used to buy things with gold and semi-precious stones.
Vendors can immediately sell upon receipt. And prices rarely change that much in a day, usually it’s a few percent at most (within the credit card fee range), especially for the currencies targeted at actually being currencies instead of scams.
This ^
Most vendors do frequently sell or convert to stablecoins to avoid this problem, and in times of uncertainty, they often charge more to cover the eventual losses
Never gonna happen is a bit of a stretch. It used to be a thing. Steam accepted bitcoin. They stopped accepting it due to volatility and high transaction fees at the time. You still price things in your local currency but convert at checkout. There are “plug and play” payment processors who can handle it now… Spar in Switzerland accepts it.
But imo, its not something regular people should be using anyway.
The fact that they stopped due to volatility kind of proved my point.
I thought your point was it was never happening? I provided examples where it did happen in the past and where its happening now. Volatility of the price vs USD is not the biggest issue if the payment processor gives the vendor USD back after the transaction. If the vendor believes in crypto, they can decide to keep it as well. Had Valve chosen to hold their crypto earnings in 2016 for a few years, they’d have seen even larger profits. But thats beside the point. I personally believe they canned it more because of transaction fees. At the time, bitcoin network was oversaturated due to an explosion of popularity which reduced it to unusable levels for everyday transactions.
You should be focusing on why other vendors are still supporting crypto and asking yourself why.
Fees are predictable. Volatility is not. If you can’t make sure the money you are paid retains its value then the price you are selling something for is also volatile rather than inert.
That happens to every currency, BTC is more volatile than many, but things can be priced.
Also until twiddling is made illegal, prices can be set by some other currency or some function, and be calculated in BTC from that, and displayed on electronic price tags for example.
I like GNU Taler, and I would like there to exist not just such a payment system, but also an electronic currency system without blockchains (global synchronization is a pain), unfortunately currencies are not like most applications.
I also wrote two smartass paragraphs completely wrong after this, and now thinking about it - Taler is as good a solution as possible. It’s basically what can be done. You can’t decentralize an issuer or a bank, except for the BTC way. If you can, then you can’t plug it in seamlessly , you need some synchronization (would be a shame if a failed transaction made it into Taler as passed).
If I understand that correctly.
Gosh. It’s year 2025, I’ve achieved nothing. I was blabbering on these subjects in year 2011! I’ll be 29 in less than a month. But so cool that someone is making the humanity better.
Taler is cool, but it solves a completely different set of problems vs cryptocurrencies, and is ripe for being replaced with alternatives, undermining its primary purpose.
Here are a few of the problems being solved here:
- transaction fees
- privacy
- decentralization
- independence from fiat
Taker largely attacks the first two, and cryptocurrencies largely attack the second two, and I’m mostly interested in the middle two. However, since Taler doesn’t do either of the last two, it’s subject to either being ignored (i.e. if no banks are willing to support it) or directly competed against with something that sacrifices one of the first two, and customers won’t get the option of Taler.
I think Taler makes a ton of sense for something with its own currency, such as microtransactions or a browser extension for rewarding creators (say, in lieu of displaying ads). I don’t see benefits for banks who make a ton from credit cards. There are some cryptocurrencies that hit the last three (e.g. Monero), so that’s what I’m excited to see take off.
No, it’s not. SOME cryptos are scams. Saying it all is a scam is ignorant.
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imagine not being able to read
they literally said some is a scam
therefore they don’t consider all of it to be good, and therefore they don’t ‘simp’ for it
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My portfolio disagrees.
Y’all should have bought BTC when the price was hovering around $19K about 3 years ago. I told you the price was going to go up, but no one listened. Now it’s at $105K, I’m $60k richer, and y’all are still whining and complaining that it’s a “scam”.
Hate to break it to you, but bitcoin isn’t to crash and burn anytime soon. It’s still early; buy in now or regret it for the rest of your life.
My Enron stock disagrees.
Your attack missed!
You can pull the Enron card when talking about investments in general; your comments do 0 damage.
The point did fly over your head, you’re right about that. Pointing at the current value of your scam investment as proof of it not being a scam does not make it legitimate.
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What argument? You pointed to the price of bitcoin going up and I pointed out that scams go up in value. Then you think it doesn’t apply to bitcoin because…? Oh, that’s right, you didn’t make any argument other than “number went up”.
Monero is the only good crypto
No, but one of the good ones
Same way fiat is.
Édit: damn, and I thought bitcoiners were obnoxious You guys take the cake with so much copium.
Oh stop it
What’s the GDP of Bitcoinistan?
Can’t be any worse than the GDP of the 2025 fascist USA
I mean, it is worse
They’re the same with AI. Had these people been interested years ago, they would be sitting pretty. But they kept telling everyone it’s garbage. Now it’s just sunk costs for them
I’m sure that if they found a set of keys for a Bitcoin wallet, they would just throw it away.
I certainly wouldn’t keep anything in cryptocurrency. I would transfer it to something stable.
I mean if I found a wallet with a million euros worth of bitcoin, I’d sell half and keep half. If it rises significantly, sell half of the remainder. And so on.
If I found a wallet with like 5k worth of BTC on it though? Just sell it all right away, it’ll do more for me now than say 10k in 5 years which is an insane long term return tbf.
With how volitile the USD is under ahem this administration, Bitcoin is probably the slightly less shittier option.
If only there were some other major currency, maybe controlled by some larger union of countries so that one country’s poor decisions can’t tank it
Greece has entered the chat
It returns 50-80% on average… so yea, it’s better in that context.
I didn’t really parse what your comment is saying. Are you saying that whenever you buy BTC you later sell it for half your buy average? Or are you saying like 150%?
Is it just you or are you implying that everyone loses/gains 50% from the magical BitGoblin?
On average, if you hold bitcoin over time, you would average that in profit.
Thank you, I appreciate the clarification.
Seriously, I do not have faith in USD anymore. What’s left of my paycheck after bills all goes to BTC, and I sell what I need on demand to cover day to day costs. Been doing this since 2019 and it has paid off handsomely.
I due not want my corporation holding Bitcoin, if I want exposure I’ll buy Bitcoin directly. They should be holding a bit of debt optimally.
TBH if the choices are USD or BTC then I think the latter has a better future at the moment.
BTC is still less stable. It will need to stop being a pump and dump cycle target before it could claim a true future.
With a Market Cap of 2 Trillion it’s pretty difficult to impact the purchase price as an individual or group. Even a small nation would struggle with it.
I think the latter has a better future at the moment.
Crypto ‘godfather’ of Bel-Air: Probe widens into L.A. deputies’ alleged links to mogul
- Federal authorities accuse Adam Iza, a cryptocurrency entrepreneur, of financial conspiracies and extortion.
- Prosecutors allege Iza used L.A. County sheriff’s deputies to carry out his criminal bidding.
- Iza has pleaded not guilty. A judge ordered him jailed despite claims that he needs medical care after a cosmetic leg-lengthening procedure.
If you want a deeper dive, check out the TrueAnon episode series Zort a three-parts-and-counting plunge into the seedy underbelly of Cryptocoin scams, extortion, leg-lengthening surgery, LASD rampant corruption, and age-gap discourse.
Oh no! Lmao. You’ve really only demonstrated that you don’t understand what Bitcoin is, that you think Iza owns and operates it.
I bet Zuck is regretting not going forward with their crypto scheme
Meta: Fuck it, we ball. (commits PR to add Bitcoin)
The Cult of the Torment Nexus knows a scam when it sees one.
Who was the 1%?
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Why not Dogecoin?
That was so funny I forgot to laugh.
yeah people don’t understand DOGE might be the best investment known to mankind
spoiler
because some people on this thread cant take a joke, \s
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Lmao
You can say the same about any technology advancement. The fire, wheel, black powder, electricity, radio, tv, internet, crypto, AI, etc. The problem doesn’t reside in the technology but in the people exploiting it for evil intentions.
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Guns don’t kill people, people kill people excuse.
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If bitcoin didn’t use 40 terawatts to mine and was more reasonable in its electricity demand then I don’t think that many people would care about it. It still wouldn’t make it useful but at least it wouldn’t be actively damaging the environment.
We might even be able to find a use for it at that point. But as it stands now the energy requirements essentially make the technology not worth it given the very minor benefits.
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This is an argument for renewables, not fot shitcanning POW.
There are versions of cryptocurrencies that don’t use massive amounts of energy.
Pick anything launched from Ethereum onwards.
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I hate that argument because it’s already been disproven. People use guns to kill people, often in heated situations.
If everyone wasn’t wandering around with guns in their pockets all of the time then they wouldn’t be the opportunity to shoot someone. Things would massively improve if the law was simply adjusted to not allow people to carry guns in public and they’re only allowed to keep them in their house and other authorised locations such as gun rangers and designated hunting locations. The gun nuts will still be able to play with their toys, but the murder rate would drop.
So what’s the positive uses of crypto then? You listed many things that are immensel useful like the wheel, fire, electricity, etc. Do you think crypto fits in that category?
I don’t want to say crypto in general, but Bitcoin in particular was born after the 2008 crisis, as a decentrized form of money, meaning storing value against the inflationary fiat money that the goverments can print in a centralized manner, destroying all your savings. I think any technology that empowers decentralization is positive. Same as fediverse. And in the case of bitcoin, having a decentrized money it’s a really positive tool for freedom to avoid centralizing the power in the governments. But I am curious on knowing why you say that there is no positive uses.
Why do you think freedom and decentralization is always good? I don’t think bitcoin improves lives and the majority of people view it as gambling rather than currency. Sometimes its useful to get around local regulations or to pay slightly less in fees that would normally go to a bank. Its just a different western union money transfer and yet people on here are talking about it like it represents freedom and the individual spirit or some nonsense. Its main use is to scam people out of money. Its secondary use is to facilitate purchase of illegal goods. A very small fraction of the whole is people using it as an actual currency.
I’ll put it this way, a small fraction of responsible heroin users does not make heroin as a whole a good thing.
I don’t know why you say that bitcoin is mostly used to scam people and to purchase illegal goods. I agree that maybe a small fraction of people is using it as a currency. But, in my case, most of the people I know who have bitcoin, just have it as a store of value. Maybe I am lucky and know a lot of those “responsible heroin users” who understand that there will be only 21 million bitcoins, so what makes it valuable is its scarcity, and as long as central banks keep printing money out of thin air, bitcoin demand will grow, at least among those who understand it.
Just an anecdote but never the less.
A couple of years ago I got a job at an animal shelter in a country that’s not the one I live in. For this I was paid 400€/m in cash to cover my bills back home during the time. So I went to the local BTCatm and even though they charge an insane markup (15/20% iirc) it was still cheaper than the “minimum fee” charged by the bank/western union.
As useful as the electricity or fire? Probably not. But as a tool for low paid workers that go to another country and is sending money home to their families without having to pay half of it in fees it’s pretty usefull.
Monero will:
- never allow a gov to fuck me over by freezing assets
- facilitate truly anonymous transactions over long (and short) distances.
- enable me to mine it, allowing earn money from the power generated by my roof that’d do nothing otherwise. (in addition, it’s asic resistant, meaning it can’t be mined with GPUs well, only CPUs, which basically everyone has)
- forego NFTs
Original purpose of BTC is to prevent government from controlling and inflating the supply of money. You can’t make 1000 BTC from thin air and put it into circulation. There is no company or CEO that controls it, it’s code is maintained by open community and network secured by globally distributed miners and nodes. That’s regarding BTC, other cryptocurrency nah
One can buy weed with crypto. I can’t do that with a bank card.
I guess, not everyone wants a centralised currency
Canadian belly laugh
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I buy weed with a bank card all the time.
It’s used as money in Vietnam and Argentina.
I know this is AI but I get tired of answering this question so this suffices:
Here’s a breakdown of some notable positive uses:
- Financial Inclusion & Accessibility: Reaching the Unbanked: Cryptocurrencies can provide access to financial services for individuals lacking traditional bank accounts, potentially fostering economic empowerment and participation in the global economy. Lower Transaction Fees: Cryptocurrency transactions can have lower fees than traditional banking, particularly for cross-border payments, making it more affordable to send money internationally. Faster Transactions: Transactions can be processed much faster than traditional methods, sometimes near-instantaneously, benefiting businesses and individuals needing quick transfers, especially across borders.
- Enhanced Security & Transparency: Blockchain Security: Cryptocurrencies utilize blockchain technology, which is inherently secure due to its cryptographic nature and decentralized verification process, making fraud and manipulation difficult. Immutable Ledger: Once a transaction is recorded on the blockchain, it cannot be altered, ensuring transparency and auditability of financial activity. Privacy: While transactions are recorded, they are often pseudonymous, providing a degree of privacy for users, unlike traditional systems that may require extensive personal information.
- Innovation & Efficiency: Decentralized Finance (DeFi): Crypto is the backbone of DeFi, which aims to build more open and accessible financial systems, including lending, borrowing, and trading platforms. Smart Contracts: Blockchain enables the use of smart contracts, self-executing agreements that automate processes and reduce the need for intermediaries, improving efficiency and reducing costs. Supply Chain Management: Blockchain technology can enhance supply chain visibility and traceability, improving efficiency and accountability, and reducing fraud in the movement of goods.
- New Opportunities & Investment: Potential for Appreciation: Cryptocurrency can serve as an investment vehicle, with the potential for significant returns, though also carrying substantial risk due to market volatility. Diversification: Crypto can add diversification to investment portfolios, as its price movements are not always correlated with traditional assets like stocks and bonds. Fundraising: While Initial Coin Offerings (ICOs) have become less prevalent, blockchain technology offers new avenues for fundraising for businesses and projects.
- Other Potential Uses: Governance & Voting: Blockchain can facilitate more transparent and secure voting systems, potentially improving democratic processes. Digital Identity: Blockchain-based digital identities can enhance security and privacy in various online interactions. Non-Fungible Tokens (NFTs): NFTs have enabled new forms of digital ownership and creative expression, particularly in the art and collectibles space.
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Very few cryptos are PoW at this point as well. But lets just ignore that.
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Sure in the case of bitcoin you are correct, but Solana has the most activity amongst ANY chain and Ethereum is huge too…
