Earlier quoted context omitted.
All EV's are worse for the environment than buying a used Petrol car.
How do "used Petrol cars" start out their life?
In a chicken egg.
Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
121–130 of 1001 posts
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#122Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#123Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#124Earlier quoted context omitted.
The Cambridge Bitcoin Electricity Consumption Index gives a much higher estimate (78 TWh vs. 117 TWh), which makes it about the same as the annual electricity usage of United Arab Emirates (pop. 9.9 million). https://www.cbeci.org/
Tesla should have waited 3 more years until the next halvening.
That doesn't change anything in energy usage, and shows how you fundamentally don't understand how it works.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#125Legitimizing Bitcoin more than offsets the environmental benefits of electric vehicles.
I think at a certain point, the only profitable way to mine BTC will be with energy that was going to be wasted anyway.
That's only the case if the Bitcoin price is low. Each block gives the miner a certain amount of Bitcoin, so it's only profitable to mine Bitcoin if the cost of the energy used to mine that block is lower than the price of the Bitcoin the miner received. The higher the price of Bitcoin, the higher can the cost of the energy be before it's no longer profitable.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#126I am surprised they didn't do a ICO on Ethereum or something like that.
Edit: I understand the down votes but you can't deny that this isn't something that Elon wouldn't do. If anyone would, it would be him.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#127I don't understand all the Crypto hate on this site. Since when have hackers become the luddites to new ways of finance?
Cryptos are purely a speculation vessel, they don't fix many of the problems they claim to fix and add tons of problems over other currencies
I'm fine with cryptos as long as they're not pitched as something they're not
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#128Now all ransomware "hackers" will be able to easily buy Teslas, a nice incentive for people to get into that business.
given the amount of regulatory gates you must pass through to purchase a car (license, registration etc), I doubt that criminals are going to use Bitcoin payments for criminal services to purchase a car.
They are far more likely to convert to fiat currency and then purchase the car.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#129Earlier quoted context omitted.
All EV's are worse for the environment than buying a used Petrol car.
Highly likely a used petrol car will be bought by someone even if not by you personally, so not a fair assessment. A fair assessment would be a new BEV versus a new petrol versus a new diesel versus a new hybrid.
Also possible that if you buy the used petrol car then the someone else who would have bought it will buy a new one instead, ultimately stimulating the production of more new petrol cars.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#130This is going to be one of those events that everyone points back to after the crash to show we had reached peak bubble. Like AOL buying Time Warner etc.
I get similar vibes from these events, even though I am a cryptocurrency optimist (including Bitcoin).
Is an optimist one that thinks it will stay around, or one that thinks it will go away?