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A comment on Tesla buys $1.5B in Bitcoin, may accept it as payment in the future. Parent comment

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by lm28469 on Monday February 08, 2021 @09:09AM (#26064626)
Maybe in theory but not in practice. Just look at the past 10 years, btc &co are 100% driven by hype and speculation and still have 0 real world usage besides being a (semi)rich people toy and a good way to launder money / buy illegal shit online.
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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by wp381640 on Monday February 08, 2021 @09:48AM (#26065156)
Bitcoin is a _terrible_ way to launder money. Not only are the onramps/offramps not anonymous - but it has so much attention that entire federal task forces are setup for $30k buy-and-busts

You'd use bitcoin for money laundering if you want to stand out and get caught. There's still nothing better than the tried-and-tested old cash, casino junket, money exchange and/or import/export businesses to launder money.

There's a reason why the most recent crop of darkweb drug markets have switched almost entirely to Monero

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by Triv888 on Monday February 08, 2021 @09:52AM (#26065229)
> still have 0 real world usage

you need to do a little bit a research, it seems...

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by lm28469 on Monday February 08, 2021 @10:04AM (#26065394)
Enlighten me then, I couldn't find anything by myself after weeding out the speculation/pump and dump/exit scam shills.

What real world problem is bitcoin solving right now and which isn't completely negligible next to the infrastructure cost of btc ?

PS: I'm not talking about the theoretical benefits the bitcoin aficionados are parroting all day long for the last 10 years and are still nowhere to be seen

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by qqii on Monday February 08, 2021 @10:43AM (#26065986)
Here is a BBC article on Bitcoin use in Venezuela: https://www.bbc.com/news/business-47553048
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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by UncleMeat on Monday February 08, 2021 @10:23PM (#26073474)
Isn't it weird that Venezuela is the one example people go to over and over to demonstrate btc's ability to enable the people to resist oppressive governments? Why only here?
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