Tesla no longer accepts Bitcoin due to climate impact

#1

Post by pistoriusp » Thu, May 13, 2021, 7:24 AM UTC

Tesla no longer accepts Bitcoin due to climate impact
m.dw.com

Re: Tesla no longer accepts Bitcoin due to climate impact

#2

Post by lwhi » Thu, May 13, 2021, 7:50 AM UTC

I see this as market manipulation.

Tesla hasn't suddenly become aware of information not available when Tesla initially announced they'd accept bitcoin as payment.

Re: Tesla no longer accepts Bitcoin due to climate impact

#3

Post by ptsneves » Thu, May 13, 2021, 7:55 AM UTC

Hope we now can start a proof of stake cycle. Peercoin is dead. What other proof of stake viable currency is there?

Only when the energy impact of crypto currency is dealt with will i indulge in speculating that it can be a net good for humanicy

Re: Tesla no longer accepts Bitcoin due to climate impact

#4

Post by anticensor » Thu, May 13, 2021, 7:56 AM UTC

ptsneves wrote: post #3

Hope we now can start a proof of stake cycle. Peercoin is dead. What other proof of stake viable currency is there? Only when the energy impact of crypto currency is dealt with will i indulge in speculating that it can be a net good for humanicy

Ethereum 2.0.

Re: Tesla no longer accepts Bitcoin due to climate impact

#5

Post by samplatt » Thu, May 13, 2021, 7:56 AM UTC

"... and not at all because Musk has already offloaded his crypto prior to a public appearance where he bagged out crypto."

Re: Tesla no longer accepts Bitcoin due to climate impact

#6

Post by tareqak » Thu, May 13, 2021, 7:56 AM UTC

Discussed earlier here: https://news.ycombinator.com/item?id=27135776

Re: Tesla no longer accepts Bitcoin due to climate impact

#7

Post by jpxw » Thu, May 13, 2021, 7:57 AM UTC

https://mobile.twitter.com/elonmusk/status/13926020410258432...

“Tesla are looking at other crypto currencies which use $NANO is up almost 50% in the last 12 hours, in response to this I think.

Re: Tesla no longer accepts Bitcoin due to climate impact

#8

Post by companyhen » Thu, May 13, 2021, 7:57 AM UTC

ptsneves wrote: post #3

Hope we now can start a proof of stake cycle. Peercoin is dead. What other proof of stake viable currency is there? Only when the energy impact of crypto currency is dealt with will i indulge in speculating that it can be a net good for humanicy

Polkadot / Kusama (by the original CTO of Ethereum Dr. Gavin Wood)

Nice recent interview: https://www.youtube.com/watch?v=KAa1vKyVR5M

Re: Tesla no longer accepts Bitcoin due to climate impact

#9

Post by adammunich » Thu, May 13, 2021, 7:57 AM UTC

I don't see why people would bet the future on something that is thermodynamically doomed.

Re: Tesla no longer accepts Bitcoin due to climate impact

#10

Post by arcticbull » Thu, May 13, 2021, 7:58 AM UTC

So far, Elon/Tesla:

1. Bought a bunch of Bitcoin.

2. Announced they were going to accept Bitcoin, sending the price up.

3. Sold a bunch of Bitcoin to pad out otherwise poor earnings, citing their goal of "testing liquidity of the market."

4. Announced they were going to stop accepting Bitcoin, sending the price plummeting.

As though he didn't know the environmental impact a week ago? As though he didn't check for liquidity before investing one and a half billion dollars of company money.