Elon Musk has admitted that Bitcoin corrects the inflationary madness of the banking system

The founder of SpaceX and CEO of Tesla, Elon Musk, has recently been particularly active in discussions related to bitcoin. Recently, the author of the book "Bitcoin billionaires" Ben Mezrich said on Twitter that in the future he will never refuse to receive payment in bitcoin. In response to Merzic's tweet, Musk wrote that he would also not mind receiving payment in BTC. However, this discussion continued and became even more interesting. Although a lot of people responded to Musk's tweet, his attention was drawn to a comment by Parallax Digital CEO Robert Breedlove.

"Money is just a tool for moving value in space-time. Gold perfectly moved value in time, but not in space. Fiat is great for moving values in space, but not in time. Bitcoin is optimized to move value both in space and time," he wrote. Musk responded "What we call money is just an information system for allocating labor resources. What is really important is the production of goods and the provision of services. We must look at currencies from the point of view of information theory. The one who has fewer errors and delays will win." In response, a Twitter user under the pseudonym Cerberus wrote: "[Bitcoin] has delays and transaction fees. But if it is used as a means of saving and transferring great values, it is very effective. Currencies already work as currencies; bitcoin should not replace them. Rather, BTC is a patch that fixes the reserve banks ' inflationary frenzy." "Good idea," Musk said.

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