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What is the motive behind buying Bitcoin?
Why not buy Bulgarian war bonds or Turkish grammar books?
Is it a hedge? What is he paranoid about?
Makes no sense , can’t wait for his explanation.
Edit- Four Seasons not all, too early for meI'll ask her, I sold her a home at the Jersey shore. The screw up with the political ad (All Seasons Hotel) got her a ton of free press.
Someone explain to me how holding bitcoin fits in with transitioning the world to renewable energy? bitcoin is an environmental DISASTER when it comes to totally wasted energy on mining. and AFAIK the cost of a bitcoin transaction in energy terms is also catastrophic.
This is a very backwards step imho, unless someone can explain to me how this is *not* wasting energy.
When mankind is 100% renewable and climate change is a solved problem, then lets waste energy on pointless math to pump up crypto, but until then, this is a stupid, stupid move. Very disappointed.
The total monetary mass of BTC is limited. Central banks will print their currencies ad infinitum to support their parent states as their economies drop and trust in their currencies falls.What is the motive behind buying Bitcoin?
Why not buy Bulgarian war bonds or Turkish grammar books?
Is it a hedge? What is he paranoid about?
Makes no sense , can’t wait for his explanation.
The total monetary mass of BTC is limited. Central banks will print their currencies ad infinitum to support their parent states as their economies drop and trust in their currencies falls. It's an inflation edge.
Almost everyone here thought I was crazy a few months back when I floated the idea that Tesla might do this.
So is gold, and it doesn't mean burning an entire countries electricity requirements to buy some. This is inexcusable. Does tesla care about climate change or not?
Has anyone ever thought about a possibility of a collab between Apple and Tesla?
1 BTC == 1 MY1.5B at X price means one TSLA at Y price means how much of a BTC?
Is 10 TSLA == 1 BTC?
42? 12345?
Any takes?
I
You’ve got a lot of close minded people here that is automatic disagree on anything they don’t understand or care to understand.
I agree. Not sure where this is all headed.
There is crypto out there that is scalable and is not mined with instantaneous transactions and the transactions cost nothing. But nothing seems to matter except the first movers.
BTC mining is ridiculous in energy cost. It consumes energy on the scale of COUNTRIES.
I have a hard time seeing the desired result here. But it could be a simple as having TSLA SP go BTC on us (like it has not already...) and using the share collateral to further accelerate the transition. And in terms of a gamble the 1.5 billion spent seems to have great risk / reward.
So is gold, and it doesn't mean burning an entire countries electricity requirements to buy some. This is inexcusable. Does tesla care about climate change or not?
But let’s be real here, Bitcoin mining was going to continue regardless of Tesla buying a stake in it or not.