Tesla CEO Elon Musk has recently confessed that he does not mind getting paid in Bitcoin. He made this confession in response to a tweet by Ben Mezrich, Bitcoin Billionaires author, and Robert Breedlove, founder of Parallax Digital. Both Mazrich and Breedlove were offering Bitcoiner wisdom to Elon Musk via tweets.
Breedlove Reminds Elon Musk That Bitcoin Is Best Option
According to Breedlove, the major purpose of money is to move value through space and time. When it comes to fiat currencies, it can move value through space and not time. However, gold can move value only through time and space. He says that it is only Bitcoin that acts as the best option to move value through space and time. To this, Elon Musk has responded by saying that the production of goods and services is more important than moving value.
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
According to Elon Musk, money should be considered as per the informative theory because he believes money to be an “information system for labor allocation.” He also mentioned that any system, be it money, gold, bitcoin, or any other is suitable if it is having the least flaws. The one with the least flaws should be considered the best one.
Tesla CEO Getting Comfortable With Bitcoin
The whole Bitcoin ecosystem wishes to turn the faith of Elon Musk to Bitcoin. The reason is that currently, he is one of the most influential people across the world and the richest man on the planet. Even though he has not made any strong statement regarding his association with Bitcoin, he has published a lot of tweets regarding Bitcoin and DOGE, several times. Through all of his tweets, it seems that he is getting comfortable in Bitcoin and people might expect his huge involvement in Bitcoin in the future. There are some previous claims that Musk might be seeing cryptocurrency as a replacement for cash.