Tesla cars can be bought in Bitcoin
24/03/2021 | news | technology | 494
Elon Musk announced his company would accept the virtual currency as payment for a new car.
1
24/03/2021 12:14:21 52 13
bbc
Looks like a new way to launder illicit earnings in Bitcoin....
5
24/03/2021 12:16:09 26 2
bbc
Also, how will TSLA's earnings in Bitcoin be taxed?

.... at the value at the time of transactions, or at year end?
73
24/03/2021 13:22:46 7 3
bbc
The real money launderers just use HSBC Nat West or the City of London
2
24/03/2021 12:14:37 103 19
bbc
What a conundrum buy a car to save the planet and pay for it using the currency thst destroys the planet.
71
24/03/2021 13:18:41 20 59
bbc
30% of all energy used to mine Bitcoin is from renewables It is in the interests of the Bitcoin miners to use solar power or stranded energy in places like Siberia Geo thermal in Iceland Natural flare gas that is usually just burnt off in Texas Bitcoin mining still only uses 5% of the energy required for gold mining
76
24/03/2021 13:24:09 6 1
bbc
Just buy the 3k Chinese model.
90
24/03/2021 13:24:14 11 22
bbc
Actually the traditional finanical system consumes much much more energy than bitcoin. So accepting bitcoin is actually a green move for Tesla. DYOR rahter than accept the FUD from the BBC re crypto.
151
24/03/2021 14:20:51 2 5
bbc
Bitcoin runs on electricity. Just like a Tesla....
169
24/03/2021 14:34:38 7 17
bbc
markcomment - The entire Bitcoin network uses about 1/4 of the amount of energy that Netflix uses.

I assume you spend your time campaigning against Netflix too right?

Probably worth knowing the subject matter before you have an opinion in the future.
473
01
25/03/2021 12:02:20 0 0
bbc
Not really, Tesla are destroying the planet too! There's is so much pollution when manufacturing batteries and even more when recycling/discarding them. Also where is all this extra electricity to charge them coming from, coal power stations? Petrol is the way forward!
3
24/03/2021 12:14:40 6 11
bbc
Bitcoin? Old hat Grandpa.

Your portfolio should be:

Chainlink - LNK
Stellar Lumens - XLM
Cosmos - ATOM
EOS
Algorand - ALGO
The Graph - GRT
Synthetics - SNX
VeChain - VET

Plus either Ethernity (ERN) or Ecomi (OMI) to diverse into the NFT space.

Plus, most importantly, Gold and Silver.

Hyper inflation is coming, money printer go BRRRRRRR.

If you disagree with the above, Have Fun Staying Poor.
16
24/03/2021 12:31:53 3 2
bbc
All regulated by?
4
24/03/2021 12:16:05 82 18
bbc
Bitcoin, consumes more energy than Argentina and the entire world supply of GPUs.

https://www.bbc.co.uk/news/technology-56012952

Not very environment friendly is it ?
7
24/03/2021 12:17:48 54 10
bbc
Indeed - and the cost, in kWh/Bitcoin will only increase as mining each Bitcoin becomes more computationally intensive.
10
24/03/2021 12:21:57 4 18
bbc
Except the majority of bitcoin is mined using renewable energy: https://moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption
51
24/03/2021 12:58:10 1 0
bbc
Wait until all cars on our roads are electric. That chart will look very different.
152
24/03/2021 14:21:00 3 6
bbc
Banks use electric to run their computers. Retailers use electric to run their tills. I have the lights on to count my pennies in the evening.
229
24/03/2021 15:21:58 1 2
bbc
Nor is modern farming and keeping livestock or lots of things most people don't seem to care about.
283
DF
24/03/2021 16:43:36 2 7
bbc
Do you get all your information from the BBC. Buy bitcoin - its going to a $million
411
24/03/2021 20:56:45 0 1
bbc
The UK uses more energy than Argentina maybe we should shut off everything? That energy could be from renewable so its not a problem.
417
24/03/2021 21:11:43 2 3
bbc
Bitcoin is not mined with GPUs, it requires custom ASICs built for that single purpose. It’s been years since GPU mining of bitcoin was possible. Any recent claims that bitcoin is responsible for GPU shortages is just plain wrong.
1
24/03/2021 12:14:21 52 13
bbc
Looks like a new way to launder illicit earnings in Bitcoin....
5
24/03/2021 12:16:09 26 2
bbc
Also, how will TSLA's earnings in Bitcoin be taxed?

.... at the value at the time of transactions, or at year end?
17
24/03/2021 12:32:13 8 1
bbc
It won't make a difference and would work in the same way as sales in other currencies. The revenue will be calculated at the date the car is sold. Any change in the value of bitcoin between the date of sale and the date the car is paid for will then be reflected in year end adjustments with currency gains included in profits and any currency losses deducted from profits.
19
24/03/2021 12:32:45 2 0
bbc
At the price of the sale crystallised on purchase of the car.
37
24/03/2021 12:51:53 4 5
bbc
Can you imagine Tesla paying proper taxes on anything ?
49
24/03/2021 12:36:40 1 3
bbc
Bitcoin is taxed as capital gains in the UK, I think it's similar in the US.

So tax would be applied when converting to some other currency or crypto on the profit.

If they're not converting as they're suggesting, I assume that means it doesn't get taxed?
6
24/03/2021 12:16:31 91 18
bbc
Buy a Tesla with your criminally sourced bitcoin, then sell it on for dollars. Money laundering made easy.
72
24/03/2021 13:21:32 28 42
bbc
Only 0.34% of Bitcoin is believed to be held by criminals Let me see how did these criminals buy Bitcoin ? US dollars & pounds Sterling the real proceeds of crime Doh!
265
DF
24/03/2021 16:14:03 1 10
bbc
educate yourself or stay poor
272
DF
24/03/2021 16:21:11 2 9
bbc
I have a bucket load of bitcoin and I'm not a criminal. I will of course pay the tax on my massive profits too. How high does bitcoin need to go before people realise its better than $and£ that gets diluted with inflation.
285
24/03/2021 16:47:42 2 6
bbc
What a stupid answer by someone who doesn't understand the technology.....plus what do you think the USD is used for apart from toilet paper?
373
24/03/2021 19:23:15 1 5
bbc
Have Fun Staying Poor
4
24/03/2021 12:16:05 82 18
bbc
Bitcoin, consumes more energy than Argentina and the entire world supply of GPUs.

https://www.bbc.co.uk/news/technology-56012952

Not very environment friendly is it ?
7
24/03/2021 12:17:48 54 10
bbc
Indeed - and the cost, in kWh/Bitcoin will only increase as mining each Bitcoin becomes more computationally intensive.
375
24/03/2021 19:23:29 2 6
bbc
Have Fun Staying Poor
385
24/03/2021 19:32:08 0 4
bbc
Until it goes to near zero when all 21 million have been mined in ~100 years. In the long scheme of things the energy cost will be a negligible blip in human history compared to the benefit it provides.
8
24/03/2021 12:20:11 53 23
bbc
I am an IT consultant and there is no way that I will be risking any of my hard earned savings on crypto currencies. It is not very regulated and open to hackers.
21
24/03/2021 12:34:07 30 41
bbc
If you are an IT consultant you should know how to secure your assets away from hackers. Since 2009 when bitcoin came into existence the bitcoin network has never been hacked once.
86
24/03/2021 13:29:57 12 13
bbc
Not a very good IT Consultant then are you! Bitcoin can be held on secure exchanges like Coinbase Pro which has never been compromised It can be held off the exchange with private keys Larger a mounts can be held in secure cold storage
87
24/03/2021 13:30:00 12 13
bbc
If you're an IT consultant writing a statement like that I suggest you find a new career as it sounds like you're ngmi.
147
24/03/2021 14:17:35 7 11
bbc
Not all IT consultants are the same, you obviously know nothing about blockchain or security.
181
24/03/2021 14:42:45 5 3
bbc
Banks on the other hand. They never have any issues like that do they hahaha
416
24/03/2021 21:10:31 1 1
bbc
IT consultant might be your title, but I guess your just support desk. Just like how a shelf stacker is a Customer Engagement consultant.
470
DF
25/03/2021 10:36:29 0 0
bbc
You work in IT and yet don't understand how blockchains work?
9
24/03/2021 12:21:52 11 6
bbc
Tesla make good cars but Elon Musk is obnoxious.
15
24/03/2021 12:29:20 16 6
bbc
They don't even make good cars! Have you had a serious look at one?
4
24/03/2021 12:16:05 82 18
bbc
Bitcoin, consumes more energy than Argentina and the entire world supply of GPUs.

https://www.bbc.co.uk/news/technology-56012952

Not very environment friendly is it ?
10
24/03/2021 12:21:57 4 18
bbc
Except the majority of bitcoin is mined using renewable energy: https://moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption
25
24/03/2021 12:36:25 22 3
bbc
..which could be used for more useful purposes if it wasn't wasted on bitcoins.
131
24/03/2021 13:56:57 7 2
bbc
Majority, the poster above suggest 30%, still a lot of energy for a pointless task
11
24/03/2021 12:24:40 6 5
bbc
With any luck the price of bitcoin will suddenly plummet.
28
24/03/2021 12:39:31 3 3
bbc
Although probably not any time soon, with a current market cap of $1.061 T, which places it slap bang in between Facebook and Google in terms of overall market cap. https://companiesmarketcap.com/assets-by-market-cap/
111
24/03/2021 13:52:05 3 2
bbc
Google the best performing asset over the last 10 years Bitcoin has increased by over 200% every single year Stick to you 0.10% in the bank stay poor
12
24/03/2021 12:26:05 6 5
bbc
Musk truly is a tech guru.
185
24/03/2021 14:45:25 0 2
bbc
Tech guru = obnoxious egomaniac
13
24/03/2021 12:27:19 9 3
bbc
Crytoscams and Bernard Madoff have a lot in common.
109
24/03/2021 13:50:02 3 2
bbc
Nonsense all Ponzi schemes implode when they came to a full stop That’s why you know Madoffs name Bitcoin is designed to end in 2140 its in its white paper protocol to only ever mine 21Million They have nothing in common Fiat currencies are the bubbles Bitcoin is the pin
14
24/03/2021 12:28:44 10 5
bbc
Certainly does not make one any more desirable in my book. If I won one, i'd sell it. Ugly things, terrible build quality and about as desirable as as cling film.
9
24/03/2021 12:21:52 11 6
bbc
Tesla make good cars but Elon Musk is obnoxious.
15
24/03/2021 12:29:20 16 6
bbc
They don't even make good cars! Have you had a serious look at one?
372
24/03/2021 19:22:50 0 0
bbc
They make very average cars with some very cool tech. The build quality is nowhere near as good as a Merc, Lexus or Jag.
3
24/03/2021 12:14:40 6 11
bbc
Bitcoin? Old hat Grandpa.

Your portfolio should be:

Chainlink - LNK
Stellar Lumens - XLM
Cosmos - ATOM
EOS
Algorand - ALGO
The Graph - GRT
Synthetics - SNX
VeChain - VET

Plus either Ethernity (ERN) or Ecomi (OMI) to diverse into the NFT space.

Plus, most importantly, Gold and Silver.

Hyper inflation is coming, money printer go BRRRRRRR.

If you disagree with the above, Have Fun Staying Poor.
16
24/03/2021 12:31:53 3 2
bbc
All regulated by?
64
24/03/2021 12:51:01 2 1
bbc
The market
145
24/03/2021 14:17:14 2 2
bbc
Bitcoin is. regulated by its protocol of a decentralised network of proofs of work This means politicians & central banks cannot manipulate it stealing the buying power of your fiat savings with inflationary monetary policies
5
24/03/2021 12:16:09 26 2
bbc
Also, how will TSLA's earnings in Bitcoin be taxed?

.... at the value at the time of transactions, or at year end?
17
24/03/2021 12:32:13 8 1
bbc
It won't make a difference and would work in the same way as sales in other currencies. The revenue will be calculated at the date the car is sold. Any change in the value of bitcoin between the date of sale and the date the car is paid for will then be reflected in year end adjustments with currency gains included in profits and any currency losses deducted from profits.
18
24/03/2021 12:32:32 33 11
bbc
When I point out that an electric car on low charge is wasting energy by moving about 540 Kilos of discharged batteries around I am met by blank stares..!

And building a Tesla consumes more energy than a Land Rover would ever use over 40 years.
31
24/03/2021 12:41:39 12 29
bbc
Both statements are silly, why would you move 500kg of ICE when you run out of Diesel/Petrol? The Tesla/Land Rover argument is flawed, it is based on keeping the same vehicle for 40 years which no one does, the life span of the average car is less than 20 years
59
24/03/2021 13:01:09 3 4
bbc
Tesla have many many solar farms out there, and building more every day. It isnt about using more energy, it is about using clean energy. A tesla car will use far far far less dirty energy over its lifetime than a 4 litre fossil fuel burning land rover
69
24/03/2021 13:16:48 6 0
bbc
Total environmental saving over the lifetime of an average car of using an electric vehicle is currently around 20%. There is also the major issue of rare earth minerals used in batteries...
146
24/03/2021 14:15:23 2 0
bbc
You made all that up! every last bit of it. Or should that be every last Bitcon of it!
5
24/03/2021 12:16:09 26 2
bbc
Also, how will TSLA's earnings in Bitcoin be taxed?

.... at the value at the time of transactions, or at year end?
19
24/03/2021 12:32:45 2 0
bbc
At the price of the sale crystallised on purchase of the car.
20
24/03/2021 12:33:47 83 24
bbc
There are only 2 logical reasons for holding Cryptocurrencies.

1) money laundering
2) pure speculation

This will not end well.
80
24/03/2021 13:26:15 21 36
bbc
US dollars & pounds Sterling are used by the money launderers who use UK banks to do their dirty work Bitcoin is the best performing asset over the last 10 years with gains of around 200% Seems like a very good speculation to me
108
24/03/2021 13:43:14 5 12
bbc
Or..You know..useful for people in nations undergoing hyper-inflation like Venezuela, Argentina, Zimbabwe etc where people require a fully immutable, totally censorship resistent means of holding value which is of known total supply with exponentially reducing rate of inflation which can't be changed by any entity as it's backed by the strongest network on earth. E.g. Bitcoin..
172
24/03/2021 14:37:51 4 11
bbc
tothepoint - All I can say is that your knowledge is outdated.

Educate yourself so that you can understand that you are way off the mark here.
198
24/03/2021 14:56:33 1 4
bbc
Doesn't sound that different from "regular" banking or did the banking crisis escape you?
213
24/03/2021 15:09:57 4 1
bbc
Also if you want to finance the subversion of democracy across borders, know what I mean?

That is, to meddle in elections and in referendum campaigns with opaque funding.
266
24/03/2021 16:14:37 1 3
bbc
you have not done your research, you have probably already used it without even knowing. Ripple XRP has been used in banks for moving currencies between continents for a while, VE Chain is for logistics transactions, there are hundreds which provide solutions for different problems. Bitcoin is mearly the first crypto currency and it is not as smart as other cyrpto currencys which use no power .
268
24/03/2021 16:15:38 1 2
bbc
Bitcoin can be traced. Monero is the one to launder money.
376
24/03/2021 19:23:39 0 3
bbc
Have Fun Staying Poor
412
24/03/2021 20:58:19 0 1
bbc
A bit like GBP and USD.
Oh wait you can also buy stuff with bitcoin and governments can't mess with it, maybe that's why you're upset or did you miss out when it was $10?
8
24/03/2021 12:20:11 53 23
bbc
I am an IT consultant and there is no way that I will be risking any of my hard earned savings on crypto currencies. It is not very regulated and open to hackers.
21
24/03/2021 12:34:07 30 41
bbc
If you are an IT consultant you should know how to secure your assets away from hackers. Since 2009 when bitcoin came into existence the bitcoin network has never been hacked once.
34
24/03/2021 12:48:00 21 5
bbc
Yet. Seems weird that all bitcoin transactions are verified and recorded in the blockchain and yet stolen bitcoin can't be traced or recovered?
53
24/03/2021 12:58:39 9 1
bbc
Though some do throw away their laptops with their vault stored on it. Oops.
165
24/03/2021 14:31:32 2 2
bbc
Yet!
22
24/03/2021 12:34:21 14 3
bbc
Elon DeLorean.
23
24/03/2021 12:34:57 5 5
bbc
Once both (12v and 400v) batteries are flat, it is impossible to open a TESLA - neither from outside nor from inside. There is NO emergency mechanical override. They are contravening safety regulations and as a consequence are being sold illegally. DO NOT LEAVE LOVED ONES IN A TESLA. THEY CANNOT GET OUT, YOU CANNOT GET IN!
30
pTc
24/03/2021 12:40:23 12 0
bbc
Does the glass rely on electricity, or can I simply break the window?
60
24/03/2021 13:01:44 1 0
bbc
Don't talk so daft lad!
126
24/03/2021 13:59:05 1 1
bbc
Urm, wrong. The Model S and X have a mechanical release cable. The Model 3 has a flap you can pull to release the door. I've never run out of battery. When did you last run out of petrol?
24
rr6
24/03/2021 12:36:03 9 5
bbc
You can’t buy cars (over a few thousand pounds) with cash in the UK for money laundering reasons. Bitcoin is widely used for money laundering and crime and so should also be banned.
36
24/03/2021 12:50:43 4 3
bbc
Why d'you think cash has been banned? Because it can't be traced, unlike bitcoin transactions which are stored on the blockchain for ever, for anyone to see. https://www.blockchain.com/explorer
55
24/03/2021 12:58:55 4 0
bbc
do you think cash isnt used in money laundering or crime? Man you are not very well informed. Cash has been used in crime for centuries, its still not banned though is it?
100
24/03/2021 13:39:23 0 1
bbc
Nonsense only 0.34% of Bitcoin is in the hands of OC Fiat currencies like US dollars & pounds Sterling are the proceeds of crime money laundered often by UK banks
196
24/03/2021 14:54:06 0 1
bbc
Thats not true. In comparison to normal currencies the % of illicit activity is a lot lower.

USD has around 2%. Bitcoin ~0.4%.

Do some research and educate yourself before commenting on something you clearly know nothing about.
10
24/03/2021 12:21:57 4 18
bbc
Except the majority of bitcoin is mined using renewable energy: https://moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption
25
24/03/2021 12:36:25 22 3
bbc
..which could be used for more useful purposes if it wasn't wasted on bitcoins.
89
24/03/2021 13:30:53 3 4
bbc
Clarify 'useful'. I personally think money is quite useful. You can use it to buy things. Like cars for example.
26
24/03/2021 12:39:22 28 6
bbc
That will be useful for the environmentally friendly Drug Lords of Mexico.
95
24/03/2021 13:36:24 12 9
bbc
Drug barons use & prefer fiat currencies money laundered often through UK retail banks like HSBC
188
24/03/2021 14:47:12 2 2
bbc
Jeez, educate yourself man! You sound like you're living in 2012 still, things have moved on a little since then.
27
24/03/2021 12:39:25 5 7
bbc
Some of us techies are sitting on hundreds of thousands, if not millions, simply from being early adopters to a new paradigm of currency. I think crypto is here to stay- in 5 or 10 years it might not even be BTC that is dominant. But I do think it's the future.
39
24/03/2021 12:53:59 3 2
bbc
That's what early tulip bulb owners thought until it all came crashing down and they were no more valuable than daffodil bulbs.
11
24/03/2021 12:24:40 6 5
bbc
With any luck the price of bitcoin will suddenly plummet.
28
24/03/2021 12:39:31 3 3
bbc
Although probably not any time soon, with a current market cap of $1.061 T, which places it slap bang in between Facebook and Google in terms of overall market cap. https://companiesmarketcap.com/assets-by-market-cap/
66
24/03/2021 12:53:27 3 1
bbc
And it took less than half the time of Google, Facebook and Apple to reach $1T market cap
29
24/03/2021 12:39:53 8 6
bbc
Targeting the drug dealer market?
135
24/03/2021 14:10:35 2 2
bbc
No that would be HSBC !
23
24/03/2021 12:34:57 5 5
bbc
Once both (12v and 400v) batteries are flat, it is impossible to open a TESLA - neither from outside nor from inside. There is NO emergency mechanical override. They are contravening safety regulations and as a consequence are being sold illegally. DO NOT LEAVE LOVED ONES IN A TESLA. THEY CANNOT GET OUT, YOU CANNOT GET IN!
30
pTc
24/03/2021 12:40:23 12 0
bbc
Does the glass rely on electricity, or can I simply break the window?
42
24/03/2021 12:55:01 1 0
bbc
Nice to see someone on here with a bit of savvy
18
24/03/2021 12:32:32 33 11
bbc
When I point out that an electric car on low charge is wasting energy by moving about 540 Kilos of discharged batteries around I am met by blank stares..!

And building a Tesla consumes more energy than a Land Rover would ever use over 40 years.
31
24/03/2021 12:41:39 12 29
bbc
Both statements are silly, why would you move 500kg of ICE when you run out of Diesel/Petrol? The Tesla/Land Rover argument is flawed, it is based on keeping the same vehicle for 40 years which no one does, the life span of the average car is less than 20 years
62
MV1
24/03/2021 13:05:45 9 1
bbc
The point is, you are lugging a 500Kg battery (flat or full) around when most journeys are only low milage and do not require that size and mass of battery; a lighter battery is more efficient for overal energy efficiency (tank-to-wheel).
Cars SHOULD be designed for a 40 year life span if we are serious about environmental factors; but of course current batteries won't meet this requirement.
32
24/03/2021 12:43:07 6 1
bbc
Remember you will still have to pay VAT and Purchase tax in UK pounds - from a legit bank who will add "fee's" for dealing with "non std payment source" . Of course Tesla is thinking of overseas markets outside the West and then most likely "hidind" the amounts Tesla will pay tax on !
33
24/03/2021 12:45:49 6 4
bbc
Hmmm - this scandal to potentially allow cyber criminals to purchase goods I shall call ...Elongate
43
24/03/2021 12:55:07 2 8
bbc
Silly man.
47
24/03/2021 12:56:37 2 2
bbc
lol, do you really think this is allowing criminals to buy stuff? Are you so naive that you dont think criminals already use normal cash to buy stuff?
21
24/03/2021 12:34:07 30 41
bbc
If you are an IT consultant you should know how to secure your assets away from hackers. Since 2009 when bitcoin came into existence the bitcoin network has never been hacked once.
34
24/03/2021 12:48:00 21 5
bbc
Yet. Seems weird that all bitcoin transactions are verified and recorded in the blockchain and yet stolen bitcoin can't be traced or recovered?
57
24/03/2021 13:00:07 3 3
bbc
A common misconception that is not necessarily true. https://forkast.news/crypto-forensics-trace-bitcoin-criminals-dooga
35
24/03/2021 12:50:25 3 3
bbc
I wouldn't buy a second hand car from this guy, never mind a new one....

https://i.insider.com/5c011d931a278410d608a206?width=1200&format=jpeg
24
rr6
24/03/2021 12:36:03 9 5
bbc
You can’t buy cars (over a few thousand pounds) with cash in the UK for money laundering reasons. Bitcoin is widely used for money laundering and crime and so should also be banned.
36
24/03/2021 12:50:43 4 3
bbc
Why d'you think cash has been banned? Because it can't be traced, unlike bitcoin transactions which are stored on the blockchain for ever, for anyone to see. https://www.blockchain.com/explorer
48
24/03/2021 12:56:45 4 1
bbc
It's not regulated, so blockchain is of little comfort to those scammed and of little concern to those scamming and MLing.
5
24/03/2021 12:16:09 26 2
bbc
Also, how will TSLA's earnings in Bitcoin be taxed?

.... at the value at the time of transactions, or at year end?
37
24/03/2021 12:51:53 4 5
bbc
Can you imagine Tesla paying proper taxes on anything ?
38
24/03/2021 12:53:26 69 12
bbc
Bitcoin is like any other crypto.................it does not increase in value due to fundermental economics as we know it.........crypto is a pyramid scheme waiting to collapse.
77
24/03/2021 13:24:15 15 12
bbc
Or maybe it's that Bitcoin does not increase in value, because Fiat currency is in fact decreasing in value relative to bitcoin - due to Quantitative easing and other methods which serve to devalue the national currency. Bitcoin currently is ranked #14 on this chart of world currencies. https://fiatmarketcap.com
94
24/03/2021 13:34:35 3 6
bbc
Nonsense a pyramid or scheme implodes if it ever stops A Ponzi scheme can never be tapered Bitcoin will not collapse because it is capped at 21Million this ensures scarcity & therefore its increasing value over time
180
24/03/2021 14:42:10 3 2
bbc
"due to fundermental economics as we know it" - ever heard of a little thing called supply and demand?

Do you know anything about the rate of issuance of Bitcoin and it's scarcity by design?

You must be getting mixed up with the FIAT monetary system where govenments freely pump new money into circulation and devalue the average persons savings in the process.

Get with the times!
306
24/03/2021 17:21:25 0 0
bbc
There will only be a maximum of 21million Bitcoin ever! However you can print more and more paper money. I ask you which is more prone to inflation?
361
24/03/2021 19:06:29 1 2
bbc
Bitcoin is already capped at 21Million increasing scarcity value A pyramid scheme can be tapered it just implodes Therefore you cannot call Bitcoin a pyramid scheme
377
24/03/2021 19:23:50 0 4
bbc
Have Fun Staying Poor
27
24/03/2021 12:39:25 5 7
bbc
Some of us techies are sitting on hundreds of thousands, if not millions, simply from being early adopters to a new paradigm of currency. I think crypto is here to stay- in 5 or 10 years it might not even be BTC that is dominant. But I do think it's the future.
39
24/03/2021 12:53:59 3 2
bbc
That's what early tulip bulb owners thought until it all came crashing down and they were no more valuable than daffodil bulbs.
127
24/03/2021 13:59:33 2 1
bbc
Yeah and that dot com crash in the late 90s never amounted to anything either. I mean where are the likes of Google, Amazon & PayPal now?
40
24/03/2021 12:54:15 15 0
bbc
Modern tech is great however I have a feeling that the current Tesla is not the electric car of the future.
333
24/03/2021 18:16:13 4 1
bbc
Don't trust Bitcoin. Don't trust Tesla cars.
Tesla have already been implicated in remotely removing optional extras paid for by the original owner, from their second hand cars. Tesla will restore these subscriptions for you, at a cost. Tesla can monitor everything that their cars do and where they go. Before too long, hackers will be able to take control Tesla cars remotely. Think it through!
345
Leo
24/03/2021 18:41:16 1 0
bbc
"This is not the electric car you're looking for."
41
24/03/2021 12:54:46 8 7
bbc
At least Musk is up and go, unlike the UK. The only thing made here is for military.
97
24/03/2021 13:37:10 1 1
bbc
Money for buying arms none for NHS staff
179
24/03/2021 14:41:55 0 0
bbc
By up and go do you mean busy littering outer space?
30
pTc
24/03/2021 12:40:23 12 0
bbc
Does the glass rely on electricity, or can I simply break the window?
42
24/03/2021 12:55:01 1 0
bbc
Nice to see someone on here with a bit of savvy
33
24/03/2021 12:45:49 6 4
bbc
Hmmm - this scandal to potentially allow cyber criminals to purchase goods I shall call ...Elongate
43
24/03/2021 12:55:07 2 8
bbc
Silly man.
44
24/03/2021 12:55:36 3 4
bbc
As someone who is skint its good to see Tesla is now taking monopoly money.
I will have two
84
24/03/2021 13:27:35 1 0
bbc
It's a shame to hear you're skint. Maybe buy some Bitcoin, I hear it has a pretty decent ROI
136
24/03/2021 14:11:27 0 0
bbc
Your comments confirm to me why you will remain skint
45
24/03/2021 12:56:00 2 1
bbc
Old Zen koan: If I buy an NFT of a Tesla with Bitcoin on the dark web, does it make a sound? More importantly, do I care if a bubble bursts? Only if I'm sitting on it. I've no intention of sitting on it.
46
24/03/2021 12:56:22 17 4
bbc
waits until they accept monopoly money, I might just sell a few hotels.
112
24/03/2021 13:53:04 6 15
bbc
Stick with your fiat currency & stay poor
33
24/03/2021 12:45:49 6 4
bbc
Hmmm - this scandal to potentially allow cyber criminals to purchase goods I shall call ...Elongate
47
24/03/2021 12:56:37 2 2
bbc
lol, do you really think this is allowing criminals to buy stuff? Are you so naive that you dont think criminals already use normal cash to buy stuff?
36
24/03/2021 12:50:43 4 3
bbc
Why d'you think cash has been banned? Because it can't be traced, unlike bitcoin transactions which are stored on the blockchain for ever, for anyone to see. https://www.blockchain.com/explorer
48
24/03/2021 12:56:45 4 1
bbc
It's not regulated, so blockchain is of little comfort to those scammed and of little concern to those scamming and MLing.
103
24/03/2021 13:40:59 1 1
bbc
Nonsense every transaction on the blockchain is there for all to see
Bitcoin is decentralised & cannot be manipulated by governments
5
24/03/2021 12:16:09 26 2
bbc
Also, how will TSLA's earnings in Bitcoin be taxed?

.... at the value at the time of transactions, or at year end?
49
24/03/2021 12:36:40 1 3
bbc
Bitcoin is taxed as capital gains in the UK, I think it's similar in the US.

So tax would be applied when converting to some other currency or crypto on the profit.

If they're not converting as they're suggesting, I assume that means it doesn't get taxed?
50
24/03/2021 12:40:37 54 8
bbc
Elon Musk's checklist;

invest in bitcoin ?
let the sheep invest ?
take bitcoin as payment ?
sell all bitcoin before price crashes...
184
24/03/2021 14:45:24 13 22
bbc
I don't know where to start... You just basically called one of the most intelligent engineers of our time a con artist.

If you look at it with half a brain you can see that it is about capital protection from endless money printing and inflation.

It would be an awful lot of effort and reputation risk to simply pump and dump. Don't you think the SEC might have something to say about that?
4
24/03/2021 12:16:05 82 18
bbc
Bitcoin, consumes more energy than Argentina and the entire world supply of GPUs.

https://www.bbc.co.uk/news/technology-56012952

Not very environment friendly is it ?
51
24/03/2021 12:58:10 1 0
bbc
Wait until all cars on our roads are electric. That chart will look very different.
52
24/03/2021 12:58:19 5 1
bbc
And more will follow.
21
24/03/2021 12:34:07 30 41
bbc
If you are an IT consultant you should know how to secure your assets away from hackers. Since 2009 when bitcoin came into existence the bitcoin network has never been hacked once.
53
24/03/2021 12:58:39 9 1
bbc
Though some do throw away their laptops with their vault stored on it. Oops.
54
24/03/2021 12:58:54 12 8
bbc
Bitcoin is probably the only asset/currency that isn't being manipulated by the Fed and Central banks. Housing, shares, bonds, there is no free market in any of those. Or am I being naive, are they fiddling there too? If bitcoin in gen Z version of house prices, ie buy for pennies and get massive growth, then it's fair isn't it, they deserve that vs boomers and their house ATMs.
58
24/03/2021 13:00:59 9 6
bbc
Finally a sensible comment.
75
24/03/2021 13:23:51 5 0
bbc
You are missing the key difference between Bitcoin and a house.

Most "boomers', like my parents, bought their house as a home not as speculation.

The fact that my house has doubled in value in 15 years is irrelevant, if it had halved in value I would still have a roof over my head and no rent to pay.

Good luck sheltering under your bitcoin, or wearing them - literally the emperors new clothes.
115
24/03/2021 13:55:50 2 0
bbc
Central Banks "manipulate" currencies because they have the printer. Bitcoin volatility is driven by a few not the many. Most advocates seem to ignore that. If Bitcoin is accepted as feasible it will be another tool to manipulate by those who hold all the cards similar to oil prices. You'll find that those who think they understand cryptocurrency technologies lack basic economics.
215
24/03/2021 15:12:54 0 0
bbc
No, it's being manipulated by global criminals.
225
24/03/2021 15:20:05 0 0
bbc
Well said
24
rr6
24/03/2021 12:36:03 9 5
bbc
You can’t buy cars (over a few thousand pounds) with cash in the UK for money laundering reasons. Bitcoin is widely used for money laundering and crime and so should also be banned.
55
24/03/2021 12:58:55 4 0
bbc
do you think cash isnt used in money laundering or crime? Man you are not very well informed. Cash has been used in crime for centuries, its still not banned though is it?
56
24/03/2021 12:59:56 9 7
bbc
Reading the comments indicates to me there are a lot of frightened and jealous bankers etc. on here.....good luck holding your fiat currencies.
101
24/03/2021 13:39:31 0 0
bbc
The old videos/news reports from the 90s of people not understanding the internet and its potential gives us some indication as to how this tech adoption process goes.
34
24/03/2021 12:48:00 21 5
bbc
Yet. Seems weird that all bitcoin transactions are verified and recorded in the blockchain and yet stolen bitcoin can't be traced or recovered?
57
24/03/2021 13:00:07 3 3
bbc
A common misconception that is not necessarily true. https://forkast.news/crypto-forensics-trace-bitcoin-criminals-dooga
54
24/03/2021 12:58:54 12 8
bbc
Bitcoin is probably the only asset/currency that isn't being manipulated by the Fed and Central banks. Housing, shares, bonds, there is no free market in any of those. Or am I being naive, are they fiddling there too? If bitcoin in gen Z version of house prices, ie buy for pennies and get massive growth, then it's fair isn't it, they deserve that vs boomers and their house ATMs.
58
24/03/2021 13:00:59 9 6
bbc
Finally a sensible comment.
18
24/03/2021 12:32:32 33 11
bbc
When I point out that an electric car on low charge is wasting energy by moving about 540 Kilos of discharged batteries around I am met by blank stares..!

And building a Tesla consumes more energy than a Land Rover would ever use over 40 years.
59
24/03/2021 13:01:09 3 4
bbc
Tesla have many many solar farms out there, and building more every day. It isnt about using more energy, it is about using clean energy. A tesla car will use far far far less dirty energy over its lifetime than a 4 litre fossil fuel burning land rover
23
24/03/2021 12:34:57 5 5
bbc
Once both (12v and 400v) batteries are flat, it is impossible to open a TESLA - neither from outside nor from inside. There is NO emergency mechanical override. They are contravening safety regulations and as a consequence are being sold illegally. DO NOT LEAVE LOVED ONES IN A TESLA. THEY CANNOT GET OUT, YOU CANNOT GET IN!
60
24/03/2021 13:01:44 1 0
bbc
Don't talk so daft lad!
61
24/03/2021 13:01:57 5 8
bbc
What a load of rubbish.

Buy British Land Rovers instead with GBP that will go back into local communities.
92
24/03/2021 13:34:00 0 0
bbc
Do you not mean Indian Land Rovers?
106
24/03/2021 13:42:59 0 0
bbc
Land Rover is owned by Tata which is Indian, dingus.
31
24/03/2021 12:41:39 12 29
bbc
Both statements are silly, why would you move 500kg of ICE when you run out of Diesel/Petrol? The Tesla/Land Rover argument is flawed, it is based on keeping the same vehicle for 40 years which no one does, the life span of the average car is less than 20 years
62
MV1
24/03/2021 13:05:45 9 1
bbc
The point is, you are lugging a 500Kg battery (flat or full) around when most journeys are only low milage and do not require that size and mass of battery; a lighter battery is more efficient for overal energy efficiency (tank-to-wheel).
Cars SHOULD be designed for a 40 year life span if we are serious about environmental factors; but of course current batteries won't meet this requirement.
63
24/03/2021 12:48:40 5 6
bbc
The lack of understanding of the fundamentals of Bitcoin in these comments is worrying. Most fiat currencies will die out with the boomer generation.
113
24/03/2021 13:55:06 0 0
bbc
I am a boomer but I get it More for you & I
16
24/03/2021 12:31:53 3 2
bbc
All regulated by?
64
24/03/2021 12:51:01 2 1
bbc
The market
65
24/03/2021 13:09:23 34 6
bbc
Bitcoin and Tesla. They deserve each other
223
24/03/2021 15:19:43 9 19
bbc
You deserve to stay poor
28
24/03/2021 12:39:31 3 3
bbc
Although probably not any time soon, with a current market cap of $1.061 T, which places it slap bang in between Facebook and Google in terms of overall market cap. https://companiesmarketcap.com/assets-by-market-cap/
66
24/03/2021 12:53:27 3 1
bbc
And it took less than half the time of Google, Facebook and Apple to reach $1T market cap
67
24/03/2021 12:59:01 5 5
bbc
Many negative comments about Bitcoin here. I tried countering some of the arguments but my replies were not published...
81
24/03/2021 13:12:54 5 2
bbc
The Boomer Broadcasting Corporation controls the narrative here
107
24/03/2021 13:45:27 0 1
bbc
I agree, never had understood how my sterling balance was any different to a bitcoin balance other than sterling is a little less volatile
68
24/03/2021 13:16:11 32 6
bbc
Bit coin and block chains consume huge amounts of energy, so I guess Tesla are no longer pretending to care about the environment.
83
24/03/2021 13:22:05 11 20
bbc
Actually the traditional finanical system consumes much much more energy than bitcoin. So accepting bitcoin is actually a green move for Tesla. DYOR rahter than accept the FUD from the BBC re crypto.
85
24/03/2021 13:28:26 7 0
bbc
Making a Tesla also consumes a huge amount of energy and resources.
187
24/03/2021 14:46:07 2 6
bbc
Netflix uses 4x the amount of energy than the entire Bitcoin network.

You are a hypocrite.
271
24/03/2021 16:20:21 0 2
bbc
Most of the mining is now complete and will eventually stop other crypto tokens use no power to operate. they are for problem solving everything from supply chains to marketing to smart contracts, efectivley globalised standard. USD is about to burst as it is backed by OIl and the gold standard was removed in 70's. something is needed in its place.
18
24/03/2021 12:32:32 33 11
bbc
When I point out that an electric car on low charge is wasting energy by moving about 540 Kilos of discharged batteries around I am met by blank stares..!

And building a Tesla consumes more energy than a Land Rover would ever use over 40 years.
69
24/03/2021 13:16:48 6 0
bbc
Total environmental saving over the lifetime of an average car of using an electric vehicle is currently around 20%. There is also the major issue of rare earth minerals used in batteries...
352
24/03/2021 18:52:30 1 1
bbc
Add on the rest of the green energy myth and you start to think hmmmmn.
Hydrogen cell is probably the way forward, with the gas produced locally using tide/wave energy. Because the unfortunate truth is that there is quite a carbon footprint involved in transporting electricity....
70
24/03/2021 13:17:51 20 4
bbc
That will make it easy for the police as the criminals will all be driving Teslas.
189
24/03/2021 14:47:33 7 1
bbc
Or working in banks and government
222
24/03/2021 15:18:56 0 1
bbc
That is a slur
2
24/03/2021 12:14:37 103 19
bbc
What a conundrum buy a car to save the planet and pay for it using the currency thst destroys the planet.
71
24/03/2021 13:18:41 20 59
bbc
30% of all energy used to mine Bitcoin is from renewables It is in the interests of the Bitcoin miners to use solar power or stranded energy in places like Siberia Geo thermal in Iceland Natural flare gas that is usually just burnt off in Texas Bitcoin mining still only uses 5% of the energy required for gold mining
116
24/03/2021 13:56:12 18 4
bbc
Unless you have a windfarm connected directly to your computer you have no idea where the energy is coming from
123
24/03/2021 13:58:42 21 4
bbc
That means 70% isn’t and the 30% could be used on produci by something of value not a code
258
24/03/2021 16:03:24 11 2
bbc
At least with a gold mine you're extracting a tangible resource, ... with Bitcoin you're wasting enormous amounts of energy on a virtual token bubble.
337
24/03/2021 18:24:07 4 0
bbc
Pity that your claimed 30% of renewable energy is not used to do something actually productive instead of just generating cpu & graphic card waste heat and fuelling the hope that your bitcoin will be worth more tomorrow, for no other reason than pure speculative greed.
407
24/03/2021 20:42:19 3 0
bbc
All that renewable energy could be fed into the grid and replace some non-renewable energy
6
24/03/2021 12:16:31 91 18
bbc
Buy a Tesla with your criminally sourced bitcoin, then sell it on for dollars. Money laundering made easy.
72
24/03/2021 13:21:32 28 42
bbc
Only 0.34% of Bitcoin is believed to be held by criminals Let me see how did these criminals buy Bitcoin ? US dollars & pounds Sterling the real proceeds of crime Doh!
128
24/03/2021 14:00:14 12 1
bbc
Believed being the point here. We don't know. It's unregulated and I, for some odd reason, doubt criminals are declaring such assets.
130
24/03/2021 13:54:27 14 0
bbc
How is this estimated? Not many criminals self declare their status
157
24/03/2021 14:23:23 7 0
bbc
err, the proceeds of scams and ransomware? just a thought.
293
24/03/2021 17:04:05 8 0
bbc
You are extremely naive if you believe that.
393
24/03/2021 19:52:16 0 0
bbc
The critical word in your post is "believed" the criminals are hardly going to advertise their involvement. Equally define criminal.
1
24/03/2021 12:14:21 52 13
bbc
Looks like a new way to launder illicit earnings in Bitcoin....
73
24/03/2021 13:22:46 7 3
bbc
The real money launderers just use HSBC Nat West or the City of London
74
24/03/2021 13:23:02 3 3
bbc
Hoods will all be driving around on batteries with wheels, how absolutely fantastic.
54
24/03/2021 12:58:54 12 8
bbc
Bitcoin is probably the only asset/currency that isn't being manipulated by the Fed and Central banks. Housing, shares, bonds, there is no free market in any of those. Or am I being naive, are they fiddling there too? If bitcoin in gen Z version of house prices, ie buy for pennies and get massive growth, then it's fair isn't it, they deserve that vs boomers and their house ATMs.
75
24/03/2021 13:23:51 5 0
bbc
You are missing the key difference between Bitcoin and a house.

Most "boomers', like my parents, bought their house as a home not as speculation.

The fact that my house has doubled in value in 15 years is irrelevant, if it had halved in value I would still have a roof over my head and no rent to pay.

Good luck sheltering under your bitcoin, or wearing them - literally the emperors new clothes.
190
24/03/2021 14:48:08 0 0
bbc
Have fun staying poor
2
24/03/2021 12:14:37 103 19
bbc
What a conundrum buy a car to save the planet and pay for it using the currency thst destroys the planet.
76
24/03/2021 13:24:09 6 1
bbc
Just buy the 3k Chinese model.
142
24/03/2021 14:11:50 1 1
bbc
It wouldn't pass European safety standards. You'll be telling us to get a Tata Nano next!
38
24/03/2021 12:53:26 69 12
bbc
Bitcoin is like any other crypto.................it does not increase in value due to fundermental economics as we know it.........crypto is a pyramid scheme waiting to collapse.
77
24/03/2021 13:24:15 15 12
bbc
Or maybe it's that Bitcoin does not increase in value, because Fiat currency is in fact decreasing in value relative to bitcoin - due to Quantitative easing and other methods which serve to devalue the national currency. Bitcoin currently is ranked #14 on this chart of world currencies. https://fiatmarketcap.com
133
24/03/2021 14:03:42 1 1
bbc
How come other assets like property are not rising as fast as bitcoin? Central banks can't print more houses?
78
24/03/2021 13:25:20 2 1
bbc
As Bitcoin's have gone up in price from about £295 in 2016 to about £41,000 in 2021 I would think use £/$ to buy a car as the valve will not move much and carry on saving in Bitcoin's.
79
24/03/2021 13:25:48 1 0
bbc
The only reason he is doing this is to appeal to the Chinese market. Many of the top mining pools are located in China. Not sure however why he wouldn't accept other crypto currencies.
221
24/03/2021 15:17:45 0 0
bbc
Because Bitcoin is dominant & increases in value by around 200% pa
20
24/03/2021 12:33:47 83 24
bbc
There are only 2 logical reasons for holding Cryptocurrencies.

1) money laundering
2) pure speculation

This will not end well.
80
24/03/2021 13:26:15 21 36
bbc
US dollars & pounds Sterling are used by the money launderers who use UK banks to do their dirty work Bitcoin is the best performing asset over the last 10 years with gains of around 200% Seems like a very good speculation to me
175
24/03/2021 14:39:47 6 10
bbc
Banks are routinely issued with fines for laundering huge sums of money for the likes of the cartel and other criminal groups - the they just do it again, and again.

A recent independent study showed that USD has about 2% illegal transactions where as Bitcoin only has 0.5%.

The ignorance of this argument is breathtaking.
286
24/03/2021 16:48:26 1 0
bbc
Yup.
67
24/03/2021 12:59:01 5 5
bbc
Many negative comments about Bitcoin here. I tried countering some of the arguments but my replies were not published...
81
24/03/2021 13:12:54 5 2
bbc
The Boomer Broadcasting Corporation controls the narrative here
82
24/03/2021 13:27:01 1 1
bbc
So the Tesla car company is now money laundering. Just like a real bank.
68
24/03/2021 13:16:11 32 6
bbc
Bit coin and block chains consume huge amounts of energy, so I guess Tesla are no longer pretending to care about the environment.
83
24/03/2021 13:22:05 11 20
bbc
Actually the traditional finanical system consumes much much more energy than bitcoin. So accepting bitcoin is actually a green move for Tesla. DYOR rahter than accept the FUD from the BBC re crypto.
313
24/03/2021 17:26:56 2 0
bbc
There are an estimated 1 billion credit card transactions per day compared with around 400k bitcoin transactions.

Also when I pay for my shopping by card I don't have to wait in the queue for 10 minutes while the transaction is processed.
44
24/03/2021 12:55:36 3 4
bbc
As someone who is skint its good to see Tesla is now taking monopoly money.
I will have two
84
24/03/2021 13:27:35 1 0
bbc
It's a shame to hear you're skint. Maybe buy some Bitcoin, I hear it has a pretty decent ROI
68
24/03/2021 13:16:11 32 6
bbc
Bit coin and block chains consume huge amounts of energy, so I guess Tesla are no longer pretending to care about the environment.
85
24/03/2021 13:28:26 7 0
bbc
Making a Tesla also consumes a huge amount of energy and resources.
8
24/03/2021 12:20:11 53 23
bbc
I am an IT consultant and there is no way that I will be risking any of my hard earned savings on crypto currencies. It is not very regulated and open to hackers.
86
24/03/2021 13:29:57 12 13
bbc
Not a very good IT Consultant then are you! Bitcoin can be held on secure exchanges like Coinbase Pro which has never been compromised It can be held off the exchange with private keys Larger a mounts can be held in secure cold storage
8
24/03/2021 12:20:11 53 23
bbc
I am an IT consultant and there is no way that I will be risking any of my hard earned savings on crypto currencies. It is not very regulated and open to hackers.
87
24/03/2021 13:30:00 12 13
bbc
If you're an IT consultant writing a statement like that I suggest you find a new career as it sounds like you're ngmi.
88
24/03/2021 13:30:14 1 1
bbc
Thus establishing the Tesla as the car of choice for people with a reason to hide their financial transactions from official scrutiny.

On the other hand, as a method for fencing bitcoins into real cash it could mean some decent low mileage 'used' Teslas on the second hand market.
91
24/03/2021 13:32:36 4 1
bbc
because it's not like the entire bitcoin blockchain is on a public ledger or anything.

oh, wait.
220
24/03/2021 15:16:34 0 0
bbc
Another ignorant comment All Bitcoin transactions are clearly visible on the blockchain for all to see Unlike £50 Notes the real preferred currency currency of criminals
25
24/03/2021 12:36:25 22 3
bbc
..which could be used for more useful purposes if it wasn't wasted on bitcoins.
89
24/03/2021 13:30:53 3 4
bbc
Clarify 'useful'. I personally think money is quite useful. You can use it to buy things. Like cars for example.
2
24/03/2021 12:14:37 103 19
bbc
What a conundrum buy a car to save the planet and pay for it using the currency thst destroys the planet.
90
24/03/2021 13:24:14 11 22
bbc
Actually the traditional finanical system consumes much much more energy than bitcoin. So accepting bitcoin is actually a green move for Tesla. DYOR rahter than accept the FUD from the BBC re crypto.
197
24/03/2021 14:55:11 12 1
bbc
Traditional financial system is used by 99% of the worlds population mind you. Bitcoin is still only used by a v small number of people
264
24/03/2021 16:07:48 7 1
bbc
The whole bitcoin network is processing about 300,000 transactions a day. Visa on it's own does about 150,000,000 transactions a day.
88
24/03/2021 13:30:14 1 1
bbc
Thus establishing the Tesla as the car of choice for people with a reason to hide their financial transactions from official scrutiny.

On the other hand, as a method for fencing bitcoins into real cash it could mean some decent low mileage 'used' Teslas on the second hand market.
91
24/03/2021 13:32:36 4 1
bbc
because it's not like the entire bitcoin blockchain is on a public ledger or anything.

oh, wait.
61
24/03/2021 13:01:57 5 8
bbc
What a load of rubbish.

Buy British Land Rovers instead with GBP that will go back into local communities.
92
24/03/2021 13:34:00 0 0
bbc
Do you not mean Indian Land Rovers?
93
24/03/2021 13:34:11 1 0
bbc
Anything of interest to make a comment.? BBC needs to try harder
218
24/03/2021 15:14:19 1 0
bbc
The BBC needs to do its regular anti Bitcoin propaganda
38
24/03/2021 12:53:26 69 12
bbc
Bitcoin is like any other crypto.................it does not increase in value due to fundermental economics as we know it.........crypto is a pyramid scheme waiting to collapse.
94
24/03/2021 13:34:35 3 6
bbc
Nonsense a pyramid or scheme implodes if it ever stops A Ponzi scheme can never be tapered Bitcoin will not collapse because it is capped at 21Million this ensures scarcity & therefore its increasing value over time
26
24/03/2021 12:39:22 28 6
bbc
That will be useful for the environmentally friendly Drug Lords of Mexico.
95
24/03/2021 13:36:24 12 9
bbc
Drug barons use & prefer fiat currencies money laundered often through UK retail banks like HSBC
96
24/03/2021 13:36:46 4 0
bbc
It makes absolutely no difference what currency the transaction is in, it is just a publicity stunt
217
24/03/2021 15:13:34 1 2
bbc
No my dear it’s the future
41
24/03/2021 12:54:46 8 7
bbc
At least Musk is up and go, unlike the UK. The only thing made here is for military.
97
24/03/2021 13:37:10 1 1
bbc
Money for buying arms none for NHS staff
98
24/03/2021 13:38:15 5 3
bbc
Bitcoin is the way to go , I would advise everyone to invest right now .

Sterling will be worthless after more and more Q/E
160
24/03/2021 14:25:43 1 0
bbc
"Invest". Take it by the "sterling will be worthless" hyperbole you've got a position in crypto?
182
24/03/2021 14:34:37 0 0
bbc
And the long term effects of lockdowns and associated nonsense.
99
24/03/2021 13:38:59 2 1
bbc
Buying bubbles with bubbles, sounds about right.
216
24/03/2021 15:13:17 1 0
bbc
Another expert giving us the benefit of his ignorance
24
rr6
24/03/2021 12:36:03 9 5
bbc
You can’t buy cars (over a few thousand pounds) with cash in the UK for money laundering reasons. Bitcoin is widely used for money laundering and crime and so should also be banned.
100
24/03/2021 13:39:23 0 1
bbc
Nonsense only 0.34% of Bitcoin is in the hands of OC Fiat currencies like US dollars & pounds Sterling are the proceeds of crime money laundered often by UK banks