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Topic: [2021-03-24] Elon Musk - now you can buy a Tesla for bitcoin (Read 409 times)

member
Activity: 868
Merit: 63
While Elon Musk sets the condition that there is at least 50% green mining for the resumption of payment for electric cars in bitcoin, the head of General Motors does not exclude the possibility of selling their cars for bitcoins "Nothing prevents us from doing this. We will be guided by our customers"- she says. https://www.cnbc.com/video/2021/06/16/full-interview-with-gm-ceo-mary-barra-on-new-2025-electric-vehicle-plan.html?&qsearchterm=Mary%20Barra
Doesn't matter, as long as companies get in the bitcoin market with or without Elon, I am sure that it will be a positive thing for bitcoin.
legendary
Activity: 2604
Merit: 1504
While Elon Musk sets the condition that there is at least 50% green mining for the resumption of payment for electric cars in bitcoin, the head of General Motors does not exclude the possibility of selling their cars for bitcoins "Nothing prevents us from doing this. We will be guided by our customers"- she says. https://www.cnbc.com/video/2021/06/16/full-interview-with-gm-ceo-mary-barra-on-new-2025-electric-vehicle-plan.html?&qsearchterm=Mary%20Barra
legendary
Activity: 2604
Merit: 1504
According to Sygnia Billionaire Co Founder Magda Wierzycka, Elon's actions regarding Bitcoin on Twitter would have made him the subject of an SEC investigation and harsh sanctions if it was not BTC, but a listed company. https://mybroadband.co.za/news/cryptocurrency/401283-elon-musk-manipulated-bitcoin-price-for-own-benefit-sygnia-founder.html


hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
The SEC believes that Elon Musk twice violated a settlement agreement from 2018, according to which his tweets about Tesla must be approved by a lawyer. The SEC believes that Musk violated this agreement twice: the first time he did not agree with the lawyers in a tweet from July 2019, in which he shared the company's plans for the weekly production of 1,000 solar-powered roofs by the end of the same year. At the time, Tesla responded that Musk's assessment was "totally encouraging."

The second tweet was written in May 2020. In it, the businessman said that the price of Tesla shares is overstated. In response, the electric car manufacturer said that Musk only expressed "his opinion"  https://www.wsj.com/articles/tesla-failed-to-oversee-elon-musk-s-tweets-sec-argued-in-letters-11622582765?mod=hp_lead_pos2

Lookup Saylor ... holy
legendary
Activity: 2604
Merit: 1504
The SEC believes that Elon Musk twice violated a settlement agreement from 2018, according to which his tweets about Tesla must be approved by a lawyer. The SEC believes that Musk violated this agreement twice: the first time he did not agree with the lawyers in a tweet from July 2019, in which he shared the company's plans for the weekly production of 1,000 solar-powered roofs by the end of the same year. At the time, Tesla responded that Musk's assessment was "totally encouraging."

The second tweet was written in May 2020. In it, the businessman said that the price of Tesla shares is overstated. In response, the electric car manufacturer said that Musk only expressed "his opinion"  https://www.wsj.com/articles/tesla-failed-to-oversee-elon-musk-s-tweets-sec-argued-in-letters-11622582765?mod=hp_lead_pos2
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
At the ironic suggestion from @DocumentingBTC, Musk created a potential new use case for Dogecoin mining, namely a bath (SPA-256 HotTub) heated by the spare energy coming from the DOGE mining installation. But Elon Musk took it seriously and said it was a great idea.. Smiley



LOL @ Elon.

It's probably a double meaning for him as well. He's just riding the irony that's being done to him as he's also doing that to everyone with his tweets.

The replies to his "nice" are funny and entertaining.
legendary
Activity: 2604
Merit: 1504
At the ironic suggestion from @DocumentingBTC, Musk created a potential new use case for Dogecoin mining, namely a bath (SPA-256 HotTub) heated by the spare energy coming from the DOGE mining installation. But Elon Musk took it seriously and said it was a great idea.. Smiley


legendary
Activity: 3010
Merit: 1460
I think it this way, if people have not understood why all this energy is being used to secure the MOST secure decentralized network and, most of all, if they have not recognized what it means owning bitcoin during this difficult times, I am sorry but they can forget about bitcoin., no prob.
Good for us, there will be more satoshis for real bitcoiners.

It appears that this is what the people behind central banks and governments want. They want bitcoin and the cryptospace to be reduced into something minor and stop mainstream acceptance.
legendary
Activity: 2310
Merit: 1422
I think it this way, if people have not understood why all this energy is being used to secure the MOST secure decentralized network and, most of all, if they have not recognized what it means owning bitcoin during this difficult times, I am sorry but they can forget about bitcoin., no prob.
Good for us, there will be more satoshis for real bitcoiners.
Amen brother, amen!
I've a similar way since I first discovered bitcoin back in the old days: I was asking myself, why wasting all this energy to mine invisible non-shiny coins? When digging deeper to discover the real value which stands besides the bitcoin protocol all the puzzles' pieces unfolded right before my eyes.
Bitcoin, in a nutshell, creates this virtuous cycle where everything works as intended.
A work of art, the art of a genius named Satoshi Nakamoto.
legendary
Activity: 1316
Merit: 1481
I think it this way, if people have not understood why all this energy is being used to secure the MOST secure decentralized network and, most of all, if they have not recognized what it means owning bitcoin during this difficult times, I am sorry but they can forget about bitcoin., no prob.
Good for us, there will be more satoshis for real bitcoiners.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
Undoubtedly, green technologies will prevail in the future, but now the stability of the bitcoin network depends on the capacity that miners consume, why not pay attention to the gold producers or the same banking sector, which, as the Galaxy Digital report showed, consumes more than twice as much electricity per year as is used for mining in the bitcoin network 263.72 TWh in the bitcoin network, this indicator is 113.89 TWh per year Smiley https://www.scribd.com/document/508170253/Galaxy-Digital-Mining-On-Bitcoin-Energy-Consumption#from_embed


This is interesting, from this I can say it's safe to use bitcoin than the huge foot print fiat leaves....btw how did elon musk come to a conclusion that bitcoin is bad for business when there is something far worse than bitcoin mining itself???

Honestly These guys ought to do their research before coming on to these public platforms to condemn something!

If he so wishes let him go for stablecoins to avoid spreading FUD to hurt the crypto markets.
legendary
Activity: 2604
Merit: 1504
Disgruntled crypto enthusiasts have created a new token Fuck Elon Tweet (FUCKELON) to demonstrate disdain for Elon Musk's tweets, which they believe have an impact on the crypto asset market. The maximum offer will be 1 billion coins. FUCKELON holders became 9214 addresses over the past day the token has grown by 200%  https://www.reddit.com/r/CryptoMoonShots/comments/nb34k1/fuck_elon_tweet_new_token_just_launched_with/?ref=share&ref_source=embed&utm_content=title&utm_medium=post_embed&utm_name=9b80b272c33f4417a5768f0f236a4903&utm_source=embedly&utm_term=nb34k1

[quote author=https://www.reddit.com/r/CryptoMoonShots/comments/nb34k1/fuck_elon_tweet_new_token_just_launched_with/?ref=share&ref_source=embed&utm_content=title&utm_medium=post_embed&utm_name=9b80b272c33f4417a5768f0f236a4903&utm_source=embedly&utm_term=nb34k1]

[/quote]
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
If "green" technologies of electricity generation will dominate sometime, it will obviously not be soon. Or it will be the widespread use of nuclear power plants. Despite individual disasters (for example, Chernobyl), the world has not yet figured out where and by what technology we will cover the ever-growing demand for electricity. To blame bitcoin for environmental problems would rather be more logical for such an odious person as Gretta and not for an adult reasonable man like Elon. This is all pure manipulation.
legendary
Activity: 2604
Merit: 1504
Undoubtedly, green technologies will prevail in the future, but now the stability of the bitcoin network depends on the capacity that miners consume, why not pay attention to the gold producers or the same banking sector, which, as the Galaxy Digital report showed, consumes more than twice as much electricity per year as is used for mining in the bitcoin network 263.72 TWh in the bitcoin network, this indicator is 113.89 TWh per year Smiley https://www.scribd.com/document/508170253/Galaxy-Digital-Mining-On-Bitcoin-Energy-Consumption#from_embed


sr. member
Activity: 658
Merit: 251
I'm just wondering how many people managed to take advantage of this opportunity and buy these wonderful "green" cars for Bitcoin? For some reason, it seems to me that not so many people have managed. Apparently, this is also why the guy decided to play everything back, although sometimes a simple answer suggests itself - that all this from the very beginning was some kind of a very unsuccessful rally in my opinion. What is the market to do now and how long will it fall because of this? It would be better if he wrote something encouraging on his twitter!
legendary
Activity: 3010
Merit: 1460
@stomachgrowls. This is about the changes in the renewable energy market as other automakers are beginning to comply with carbon emission rules. They are now presently after the renewable fuel credit market where they can also make money.

Source https://www.reuters.com/business/sustainable-business/exclusive-tesla-seeks-entry-into-us-renewable-fuel-credit-market-sources-2021-05-12/
hero member
Activity: 3010
Merit: 794
Elon stopped selling Tesla for bitcoin and will start selling for Doge, Musk's strange behavior leads to a storm in the crypto markets, while the head of Tesla says that he is not going to spoil himself from the bitcoins acquired by the company. Sad
Do you really believe with that fossil fuel use? https://www.theguardian.com/technology/2021/may/12/elon-musk-tesla-bitcoin

Im not really that too much in surprise that any companies or personalities would just make out some u-turn on what they had tell earlier neither they are positive or negative.

Everything could really changed up and i do feel sorry for those who get caught on the peak and ending up on holding until this very moment.
Neither Doge or Bitcoin, it doesnt matter on which one they do accept on.
legendary
Activity: 2604
Merit: 1504
Elon stopped selling Tesla for bitcoin and will start selling for Doge, Musk's strange behavior leads to a storm in the crypto markets, while the head of Tesla says that he is not going to spoil himself from the bitcoins acquired by the company. Sad
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
Can you still buy a Tesla ? Wasn't it removed cause of network congestions / high fees ?
legendary
Activity: 3766
Merit: 1217
It is good to see someone of Musk's caliber (power, status, wealth, influence) showing love to the underdog. It goes to show that the big boys are pulling out all the cards. Up till now, nobody thought institutions and big guys payed much attention to cryptocurrency but proves they've had on there poker faces for some time now, definitely fooled me. Musk's huge investment surely caused that last bull run surge we had a month or so ago, no?

Actually Tesla's moves with cryptocurrency took the exchange rates of Bitcoin above the $50,000 level on two occasions. The first occasion was on February, when they announced that they had accumulated $1.5 billion worth of BTC. And then once again, this week they announced that they have liquidated 10% of their holdings and they received a net profit of $100 million plus as a result. This news resulted in the exchange rates jumping from $49,000 to $53,500.
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