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LymphocyteLover

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52. As noted above there are some anti-liberal aspects to it but the worst thing is the energy put into

Reply to Politicub (Reply #47)

Mon Feb 8, 2021, 09:52 PM

Feb 2021

mining it, which contributes to climate change

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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

lol, it's got a better future than the US dollar at this point now ansible Feb 2021 #3

does it really? LymphocyteLover Feb 2021 #5

Extremely high, currently at $43k and rising by the hour ansible Feb 2021 #12

and in a month? LymphocyteLover Feb 2021 #28

The ONE thing you want from a currency is stability William Seger Feb 2021 #8

that is what I was thinking LymphocyteLover Feb 2021 #27

With arbitrage it isn't a huge problem jmowreader Feb 2021 #55

But that's exactly why trying to use bitcoin as currency is ridiculous William Seger Feb 2021 #56

You get a way to move a shitload of money without the hassle of a wire transfer jmowreader Feb 2021 #59

"Hassle" of a wire transfer or traceability of a wire transfer? William Seger Feb 2021 #60

And Musk, a libertarian, is trying to destroy the dollar pnwmom Feb 2021 #22

Other way around. n/t OnlinePoker Feb 2021 #36

Right! Thank you! n/t pnwmom Feb 2021 #37

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

LOTS of problems with that statement. Happy Hoosier Feb 2021 #24

"collective faith" is what gave value to every past bubble. paulkienitz Feb 2021 #38

ALL currency is fiat currency lonely bird Feb 2021 #14

This is not the whole picture. Gold DOES have a LOT of value. colorado_ufo Feb 2021 #30

Of course for engineering and other uses it has value or, rather, usefulness lonely bird Feb 2021 #41

Lol. Perfect JDC Feb 2021 #15

I hope you're right. oldsoftie Feb 2021 #17

If he wants to waste money, isn't it more fun just to blow up some rockets? lagomorph777 Feb 2021 #25

None of these things Cosmocat Feb 2021 #42

Maybe Polybius Feb 2021 #44

Speaking of which -- what happened to Mrs K? She was a drumpf gadfly... soothsayer Feb 2021 #2

They are a family of grifters. demmiblue Feb 2021 #4

Ha! Makes sense soothsayer Feb 2021 #7

They are unprincipled opportunists who would sell their mother for a profit dalton99a Feb 2021 #18

what's the liberal take on bitcoin anyway? LymphocyteLover Feb 2021 #6

It's a way to escape government regulation of currency. That's the correct and liberal take. n/t pnwmom Feb 2021 #13

No, it's a way to escape criminal culpability. PSPS Feb 2021 #33

Absolute wrong take.. blockchain is traceable unlike cash JCMach1 Feb 2021 #49

Sorry, but we're talking bitcoin here. Bitcoin wallets are anonymous. That's why criminals use it. PSPS Feb 2021 #50

The wallet in your back pocket is untraceable AND anonymous JCMach1 Feb 2021 #53

It also consumes huge quantities of electricity to mine, and that will just grow and grow progree Feb 2021 #23

Right-- forgot about that. Thanks LymphocyteLover Feb 2021 #29

A lot of them now are using renewables Cosmocat Feb 2021 #43

A lot of them aren't unfortunately. And solar and wind require huge amounts of concrete and metals progree Feb 2021 #45

My personal liberal take is I wish I would have got in Politicub Feb 2021 #47

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

so messed up, truly insane-- how can this even be stopped? LymphocyteLover Feb 2021 #64

Not a good idea rockfordfile Feb 2021 #9

Why would anyone pay in bitcoin? Happy Hoosier Feb 2021 #16

That's nothing, and I hate to brag, but yaesu Feb 2021 #19

I'll trade your flowers for 5 (yes, five) 3Hotdogs Feb 2021 #26

Hold on there ad121rome Feb 2021 #20

I respectfully disagree Polybius Feb 2021 #62

Seems like the perfect way to pay his Mars slaves sweetloukillbot Feb 2021 #21

i own a little bitcoin that i bought a couple months ago rdking647 Feb 2021 #31

The currency of the ransomware, child porn, and other respectful industries!!!111!! PSPS Feb 2021 #32

I have a little over 1 Bitcoin. Kablooie Feb 2021 #34

this may be the Tesla's all time dumbest move paulkienitz Feb 2021 #35

Hey that won't trigger any red flags bucolic_frolic Feb 2021 #39

Bitcoin is "rat poison squared" - Warren Buffett DinahMoeHum Feb 2021 #40

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

I really don't understand the "Bitcoin" thing... bluecollar2 Feb 2021 #51

For sending money back to your family, bitcoin isn't a bad idea jmowreader Feb 2021 #61

Will bitcoin buy a Tesla car? I'm always a skeptic when I see Musk involved... MerryBlooms Feb 2021 #57

Hopefully Musk tell everyone to buy Etherium next Polybius Feb 2021 #58

An EV company using a carbon-intensive, coal-fueled cryptocurrency? NickB79 Feb 2021 #65