3 ms·
There’s so many things wrong with this comment. Until people start accepting bitcoin for bread, rent and salaries, Tesla most certainly does not have a “stash
by nmfisher 6y ago
There’s so many things wrong with this comment.
Until people start accepting bitcoin for bread, rent and salaries, Tesla most certainly does not have a “stash of money that cannot be forcibly shut down”. It has something that might be able to be exchanged into a local currency to buy those things.
What’s more, that stash of bitcoin most certainly could be forcibly shut down at the stroke of a pen. Tesla is a public US company listed on a US stock exchange. If the USA decided tomorrow to criminalise BTC, Tesla would be left with a huge 1.5bn hole in its accounts and a huge number of very pissed off investors.
Moreover, if Elbonia doesn’t want Tesla there, how in the hell are Tesla cars going to arrive at ports? How are they going to be registered? How are Tesla going to deploy charging infrastructure? BTC has exactly squat to offer in terms of dealing with jurisdictions that don’t want them there.
BTC isn’t some magic wand that lets you operate in a fairy dimension where none of the rules of reality apply.
- Taek 6y agoJust because Tesla doesn't have the ability to sell cars in Elbonia doesn't mean they don't have some form of commerce requirement with Elbonia. Maybe they are paying devs to work on the UI, or paying a computing company to run simulations. Bitcoin is already accepted by many for rent and salaries. Bread is not likely to ever happen because transactions are too inefficient, but that doesn't mean you can't viable have an economy based on larger exchanges.