Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by twox2 on Monday February 08, 2021 @10:26AM (#26065760)

How exactly does bitcoin liberate you from the shit that went down in the last year, besides the fact that luck, manipulation, and celebrity shilling propelled it to new heights. Not to mention that your taxes will be astronomical, and it's easy for the federal government to regulate it into oblivion.

As for me, I loved the original promise of bitcoin. A decentralized peer-to-peer electronic cash. It's not that though, and it never will be.

There are lots of fascinating blockchain projects though, and we have bitcoin to thank for that.

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by FabHK on Monday February 08, 2021 @11:14AM (#26066417)

> There are lots of fascinating blockchain projects though

Do you have a list? Here [1] is a 2018 article from The Register titled "Blockchain study finds 0.00% success rate and vendors don't call back when asked for evidence", and here [2] is a 2021 article titled "IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources" saying that

> “There is not really going to be a blockchain team any longer,” said a person familiar with the situation.

> Expectations for enterprise blockchain were too high, they said, adding that IBM “didn’t really manage to execute, despite doing a lot of announcements.”

[1] https://www.theregister.com/2018/11/30/blockchain_study_find...

[2] https://www.coindesk.com/ibm-blockchain-revenue-misses-job-c...

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by twox2 on Monday February 08, 2021 @01:01PM (#26067854)

For me personally, I find a lot of the DeFi and NFT stuff fascinating. Most of it is happening on Ethereum. I'm not too familiar with the institutional side of blockchain, but I really like opensea and the many uniswap clones.

[ Parent | on HN ]