Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by GreenHeuristics on Monday February 08, 2021 @10:15AM
(#26065571)
The story is literally about Tesla buying 1.5B usd worth of it. Sure Elon has some interests in the direction but I doubt Tesla is going to use the bought Bitcoin for drugs.
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by INTPenis on Monday February 08, 2021 @10:23AM
(#26065703)
Ok, so besides Teslas investment of 1.5B USD, what do you think bitcoin is used for?
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by olah_1 on Monday February 08, 2021 @11:31AM
(#26066650)
> what do you think bitcoin is used for?
Storing value. Smart ass answer, I know. But it's true.
As a private currency, Bitcoin is like a screen door. So I don't know why you'd use it for illegal activities.
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by INTPenis on Monday February 08, 2021 @11:58AM
(#26067050)
Ok good point but I was thinking of daily use. Storing value is not daily use, it's just laying there.
Just look at the stories of darkweb markets they take down. Thousands of sellers, catering to tens or hundreds of thousands of buyers.
There is no other market anywhere in the world using cryptocurrency to that extent.
That's how I view it. A very small minority of die hards are trying to use it for other things, donations of course, but it's mostly used for drugs.
There's a "paper" on pnas claiming the opposite but if you actually read it they make massive assumptions in it. I can't believe they were allowed to publish a paper based on assumptions.