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Now there's an excellent way to make money. (Value goes up, get refund in bitcoin and buy car in dollars. Value goes down, get refund in dollars.)
by AndrewDucker 6y ago
Now there's an excellent way to make money.
(Value goes up, get refund in bitcoin and buy car in dollars. Value goes down, get refund in dollars.)
- AnIdiotOnTheNet 6y agoI think you misunderstood. Based on the wording it would seem that Tesla gets to choose how to refund you. So if BTC goes up your refund will be the dollar value of the car, if it goes down you'll get BTC back.
- chii 6y agoi think the choice lies with tesla, not the customer!
- throwaway4good 6y agoWhy would anyone then pay in bitcoin?
- UncleMeat 6y agoMemes. There is a sizable portion of people who have made oodles of money on cryptocurrencies and spending it for the story has become valuable. It is the "I am rich" effect but for a different audience.
- throwaway4good 6y agoThe marketing angle makes sense. But it also risky. If the there is a major correction in the price of bitcoin, then Tesla is not going look so good. However the refund policy is an explicit loss to the customer. You would have to be silly to accept that.
- chii 6y agoi suppose it allows for tax evasion - by paying directly in bitcoin, without conversion to a fiat, you avoid the gains from being detected and taxed.