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A comment on $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin. Parent comment

Re:$365B wiped off cryptocurrency market after Tesla stops a... by Axien on Thursday May 13, 2021 @11:46PM (#27150477)
Why do you need to own Bitcoin for transactions?

Someone wants to buy a 50k car. They give you 50k worth of Bitcoin. You immediately sell the Bitcoin for 50k of dollars.

At no time did you need to own Bitcoin before the transaction.

[ Parent | on HN ]
Re:$365B wiped off cryptocurrency market after Tesla stops a... by toomanybeersies on Friday May 14, 2021 @12:15AM (#27150637)
I read it as implying Tesla intends to use BTC for outgoing payments.

Of course, that would require Tesla's vendors to start accepting BTC. I strongly suspect LG Chem and Panasonic don't accept bitcoin payments.

[ Parent | on HN ]