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I'm sure Elon Musk is not fond of having to go through Coinbase to buy bitcoin. He seems to have a disdain for financial middlemen and any tech leader not named
by purple_ferret 6y ago
I'm sure Elon Musk is not fond of having to go through Coinbase to buy bitcoin. He seems to have a disdain for financial middlemen and any tech leader not named Elon Musk.
This allows for bitcoin to be put directly into Tesla's wallet with no cost to them.
- camjohnson26 6y agoMassively raises the risk of a hack or internal theft though.
- WinstonSmith84 6y agoplease explain how this shall be orchestrated on a multi-sig wallet, it's not like they do not already have more than 1.5 billions worth of USD already...
- camjohnson26 6y agoHow do I know what wallet they’re using or if they’re using multi-sig? 1.5 billion makes them a bigger target. Just takes one mistake and the keys have to be stored somewhere.
- alwillis 6y agoCompanies are using custodians to hold large amounts of bitcoin; they usually don't hold it directly. It’s certainly held offline in cold storage.