Important Bitcoin Statement from Elon Musk
An important Bitcoin statement came from
Elon Musk, the founder of Tesla and SpaceX. Musk accepted claims that Bitcoin could potentially be the treatment of monetary policies adopted by world central banks.
Responding to a post on Twitter, Elon Musk opposed the allegations that money is only a means of carrying value in time and space, saying:
“What we call money is just an information system for the allocation of labor. The main thing is to produce goods and provide services. We have to look at currencies in terms of information theory. Whoever has the least errors and lags wins.”
Cebreus Responded to Musk
A user named "Cebreus" responded to Elon Musk and stated why Bitcoin (BTC) does not have to fulfill the functions of currencies as money. Cerberus also said:
“Bitcoin. Minimal mistakes; Longest / hardest / oldest Blockchain, safest due to its extraordinarily huge hash rate… There is latency and transaction costs. But it is highly effective if used as a store of value and transfer of large values. Currencies already work as currencies; Bitcoin does not need to change them. Rather, BTC is a patch used to correct the inflationary frenzy of reserve banks.”
"Bitcoin Could Be The Cure For The Loose Monetary Policy"
Declining to second place after being the richest person in the world, Musk approved Cerberus's statements and said that it was a "good point".
In his previous statements,
Musk, who gave important messages to Bitcoin, said "Bitcoin’s reputation is BS almost as much as money".
Source:
Kriptokoin.com