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by jlrubin 1910 days ago
patio11's take on this rings the most true to me.

> So this "Look, if you treat your Tesla reservation like an option on Bitcoins, we've designed it to be literally the worst possible option on Bitcoins. Please, please, please: don't try this." is actually a quite reasonable policy.

https://twitter.com/patio11/status/1375137941933027333

2 comments

I think this is the correct take.

If you’re really worried that you might want a refund on your Tesla before it is completed, then just buy one second hand. It will be cheaper and you won’t need to wait. You could probably even find someone willing to sell you one for Bitcoin

Worth remembering that patio11 has a vested interest (via Stripe) in seeing Bitcoin fail and the current financial system continue operating like it is today.

I'm not saying he is wrong here, or wrong in general about Bitcoin, or that you shouldn't take his advice into consideration. Just to remember when people speak for/against Bitcoin they sometimes can have deeper (even sometimes unsubconcious) motives.

His argument is either a good or bad one. If anything his current position makes him an expert.
> His argument is either a good or bad one

Well, I wish things were that easy, but life is not that black and white. Someone can be right and wrong at the same time.

> If anything his current position makes him an expert.

What? His position in Stripe makes him an expert on cryptocurrencies? As far as I know, Stripe doesn't deal with cryptocurrencies anymore, so his position in Stripe makes him biased against cryptocurrencies, not a general expert about cryptocurrencies.

I, on the other hand, to the extent that anyone can claim to be an expert on cryptocurrency, am an expert on cryptocurrency.

It's a fine take and that's why I linked it.

I'm aware patio11's takes are not always good, but as said earlier

> His argument is either a good or bad one