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In reply to the discussion: Tesla buys $1.5 billion in bitcoin and plans to start accepting it as payment for products [View all]cbdo2007
(9,213 posts)48. Bitcoin will increase more than dollars in the future so paying for a car with it seems like a dumb
idea.
Of course it makes sense for Tesla as the value will go up more than the value of dollars, I just can't imagine any buyer to be that dumb.
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Tesla buys $1.5 billion in bitcoin and plans to start accepting it as payment for products [View all]
demmiblue
Feb 2021
OP
Ah, bitcoin... All the best features of Pyramid schemes, Ponzi schemes, and chain letters.
hunter
Feb 2021
#1
You get a way to move a shitload of money without the hassle of a wire transfer
jmowreader
Feb 2021
#59
It's not tangible, fungible, mandated by government, nor dividend paying
bucolic_frolic
Feb 2021
#10
The US dollar depends entirely on the strength of this country, and this country is declining
ansible
Feb 2021
#11
Of course for engineering and other uses it has value or, rather, usefulness
lonely bird
Feb 2021
#41
If he wants to waste money, isn't it more fun just to blow up some rockets?
lagomorph777
Feb 2021
#25
It's a way to escape government regulation of currency. That's the correct and liberal take. n/t
pnwmom
Feb 2021
#13
Sorry, but we're talking bitcoin here. Bitcoin wallets are anonymous. That's why criminals use it.
PSPS
Feb 2021
#50
It also consumes huge quantities of electricity to mine, and that will just grow and grow
progree
Feb 2021
#23
A lot of them aren't unfortunately. And solar and wind require huge amounts of concrete and metals
progree
Feb 2021
#45
As noted above there are some anti-liberal aspects to it but the worst thing is the energy put into
LymphocyteLover
Feb 2021
#52
Oh, no big deal, global Bitcoin mining just uses as much electricity as Argentina or the Netherlands
progree
Feb 2021
#63
The currency of the ransomware, child porn, and other respectful industries!!!111!!
PSPS
Feb 2021
#32
Apparently Musk has a lot of money to launder -- now that Trumpy is out of the picture
JT45242
Feb 2021
#46
Virtually all money laundering takes place with old fashioned cash and real estate
JCMach1
Feb 2021
#54
Bitcoin will increase more than dollars in the future so paying for a car with it seems like a dumb
cbdo2007
Feb 2021
#48
Will bitcoin buy a Tesla car? I'm always a skeptic when I see Musk involved...
MerryBlooms
Feb 2021
#57