This is very good for Bitcoin.

in #cryptocurrency7 years ago (edited)

Action:

Dell is no longer accepting Bitcoin as payment.

Reaction:

This is very good for Bitcoin. Bitcoin is NOT valuable because merchants accept it. I don't want merchants to accept it. I want merchants to accept my shit-dollars, because I don't want them. (...) Merchants who are peddling their crap to me to try to get my precious Bitcoin are trying to scam me out of my precious money and they can fuck right off. Only when merchants ONLY accept bitcoin because they have concluded as I do that shit-dollars are worthless will they be relevant to Bitcoin.

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This kind of mindset is suicidal. If it spreads, it will do them in.
This is pure resentment.

Source: Reddit

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Yea if we give merchants bitcoin, they will just hold it and make more money. But if we give them cash, that money is going to dwindle down to nothing. (Evil laugh)

But what value does bitcoin have a currency if it's not accepted by companies?