Parallax Digital founder, Robert Breedlove decided to offer a bit of Bitcoin enthusiasts’ wisdom to Elon Musk when reacting to the tweet by the popular crypto writer Ben Mezrich, the author of the bestselling book “Bitcoin Billionaires”. Recall that Elon Musk, who is currently the richest man in the world, had admitted that he wouldn’t turn down getting paid in Bitcoin.
Robert Breedlove Imparts Elon Musk about the Capability of Bitcoin (BTC)
Stopping at Elon Musk’s tweet, where he confessed his interest in getting paid in Bitcoin (BTC), he said money exists for moving value through space and time. He thinks the precious metal Gold can only do it through time, while fiat currencies can do it through space. He then concluded that Bitcoin is the best option for both.
This assertion caught the billionaire’s attention. In response, Musk said it’s not moving value that matters but the production of goods and services.
According to Musk, money should be considered from an information theory point of view, since it’s an information system for labor allocation. He concluded by stating that the system with fewer flaws is the best.
Elon Musk tweeted, “The thing we call money is just an information system for labor allocation. What actually matters is making goods & providing services. We should look at currencies from an information theory standpoint. Whichever has least error & latency will win.”
The thing we call money is just an information system for labor allocation.
What actually matters is making goods & providing services.
We should look at currencies from an information theory standpoint.
Whichever has least error & latency will win.
— Elon Musk (@elonmusk) January 15, 2021
Elon Musk Won’t Reject Payments in Bitcoin (BTC)
Over the years, Bitcoiners have been dreaming of converting Elon Musk into the world of Bitcoin investment. Nobody can ascertain if such efforts have yielded a positive result since he has not publicly revealed his Bitcoin portfolio.
Elon Musk is currently the richest man in the world as per recent data and it will be a huge motivation if one of the most influential persons in the world joins the Bitcoin bandwagon.
In the buildup to the tweet above, he said he won’t decline payments in Bitcoin (BTC). Musk has been like that for quite a long time. But such is much of sarcasm than being serious about adopting Bitcoin’s value and capability.
He recently admitted that Bitcoin has become his safeword, but the coin that takes most of his attention at the moment is Dogecoin (DOGE).
HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.