Is Elon Musk Becoming a Bitcoiner?

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The richest man on earth has been flirting quite a bit with bitcoin, stating he’ll never turn down getting paid in bitcoin again. “The thing we call money is just an information system for labor allocation,” Musk said, adding: “What actually matters is making goods and providing services. We should look at currencies from an information theory standpoint. Whichever has least error and latency will win.” That’s an interesting perspective with a recent editorial arguing that measuring many aspects with bitcoin can reveal information which the fiat measurement can’t. That’s because bitcoin is a fixed measurer of value. In theory or in the abstract, the value of bitcoin doesn’t change, it’s the value of everything else that changes. That can be very valuable because the size of one meter does’t change. It’s the length of a table or a SpaceX rocket that changes. Likewise one bitcoin is one bitcoin. It…

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