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Topic: [2014-10-18] Video: Elon Musk Speaks About Bitcoin...and has no clue (Read 1590 times)

member
Activity: 61
Merit: 10
He made a couple comments about Bitcoin at 33:40.

Paraphrasing ...

Quote
Bitcoin is a good thing. It will be used primarily for illegal transactions, but that is not necessarily bad. I own no Bitcoins.


Well I think he's right as that's what it was mainly used for initially, but we all know it's growing away from that side. I would like to know what percentage of transactions are used on the dark market compared to legit merchants, though.
legendary
Activity: 1904
Merit: 1074
Well, He might change his mind, if someone want to pay him in BTC

I just wonder what kind of banking fees these guys have per month. I guess if you have that kind of money to play with rockets, banking fees are the least of your worries.

Most of the rich people, pay no banking fees anyways. {At my Fiat bank, you pay NO banking fees, if you keep your balance above a certain amount, but you get nearly NO interest too}

Money transfer, will be another matter entirely and this is where the crux of difference will come into play.  Cheesy 
legendary
Activity: 2128
Merit: 1031
He made a couple comments about Bitcoin at 33:40.

Paraphrasing ...

Quote
Bitcoin is a good thing. It will be used primarily for illegal transactions, but that is not necessarily bad. I own no Bitcoins.


Lol. Any press is good press?
hero member
Activity: 526
Merit: 508
My other Avatar is also Scrooge McDuck
legendary
Activity: 4522
Merit: 3426
He made a couple comments about Bitcoin at 33:40.

Paraphrasing ...

Quote
Bitcoin is a good thing. It will be used primarily for illegal transactions, but that is not necessarily bad. I own no Bitcoins.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Elon Musk Speaks About Tesla and SpaceX at Vanity Fair’s New Establishment Summit

http://www.youtube.com/watch?v=fPsHN1KyRQ8&feature=youtu.be&t=31m6s


not the best video, too much stutter  Undecided
i also think he does not know enough about BTC
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