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Sure, but none of it makes any sense. I have to imagine the decision to buy Bitcoin and accept it as payment was vetted by a lot of people internally, not just

Sure, but none of it makes any sense. I have to imagine the decision to buy Bitcoin and accept it as payment was vetted by a lot of people internally, not just Musk himself. And the environmental impacts from mining are well known. Musk isn’t stupid either - he must’ve known this would be an issue for Tesla’s image.

riffraff 5y ago
the impact from mining was well know, the PR impact was not. It is hard these days to gauge how bad people will react, if you're lucky something else happens to get people screaming the same week and you can get away with anything.
KirillPanov 5y ago
It all makes perfect sense if they in fact want to buy more bitcoin at the moment. There has been a whole lot of very, very ugly inflation data released over the last few days. This would explain why they refrained from selling before making an announcement which they surely knew would (and did: -10%) tank the BTC/USD rate.
- deleted 5y ago
  [deleted]
bellyfullofbac 5y ago
In my opinion Musk probably thinks/knows he's like Trump. Whatever they do, they have a bunch of hardcore defenders (like the ones who will burn this comment to the ground). Wake me up when Musk stops selling his carbon offsets. Because for every non-pollution a Tesla car doesn't do, the sold carbon offset means there's another ICE car that's doing it. "Musk cares for the environment". Hah, that's as bullshit as "Trump cares about the working class".
- smaryjerry 5y ago
  Carbon credits are doing their exact purpose. It is moving profitability into environmentally friendly sectors and out of polluting sectors. This is in order to make polluting more expensive and environmentally friendly cheaper... I’m not sure why you would think selling carbon credits is evil.
  - bellyfullofbac 5y ago
    So if I'm allowed to put out 1000kg of CO2, and my neighbour as well for a total of 2000kg of CO2, hey, let me be zero emissions and emit 5kg of CO2. Hooray, it's better for the environment, the CO2 emissions are down 995kg! Oh wait, I sold my credits to my neighbor, so total CO2 emissions are still 2000kg. Hooray, I'm saving the planet! Worship me! /s
    - smaryjerry 5y ago
      I see why you are confused because that’s not how it works. A manufacturer is required to produce say 20% electric vehicles to reduce carbon emissions. To reach the goal, unless they pay someone who is producing electric vehicles they will be fined. This basically boosts the electric vehicle industry and hurts the gas vehicle industry. If you are in favor of the environment this should be a good thing. Companies are encouraged to go electric, and if you don’t everything is more expensive for the company and the consumer. You don’t need to worship anyone, the point is to encourage a transition to lower carbon and few companies can do it. You don’t need to worship anyone.

riffraff 5y ago

the impact from mining was well know, the PR impact was not. It is hard these days to gauge how bad people will react, if you're lucky something else happens to get people screaming the same week and you can get away with anything.

KirillPanov 5y ago

It all makes perfect sense if they in fact want to buy more bitcoin at the moment. There has been a whole lot of very, very ugly inflation data released over the last few days. This would explain why they refrained from selling before making an announcement which they surely knew would (and did: -10%) tank the BTC/USD rate.

deleted 5y ago
[deleted]

bellyfullofbac 5y ago

In my opinion Musk probably thinks/knows he's like Trump. Whatever they do, they have a bunch of hardcore defenders (like the ones who will burn this comment to the ground). Wake me up when Musk stops selling his carbon offsets. Because for every non-pollution a Tesla car doesn't do, the sold carbon offset means there's another ICE car that's doing it. "Musk cares for the environment". Hah, that's as bullshit as "Trump cares about the working class".

smaryjerry 5y ago
Carbon credits are doing their exact purpose. It is moving profitability into environmentally friendly sectors and out of polluting sectors. This is in order to make polluting more expensive and environmentally friendly cheaper... I’m not sure why you would think selling carbon credits is evil.
- bellyfullofbac 5y ago
  So if I'm allowed to put out 1000kg of CO2, and my neighbour as well for a total of 2000kg of CO2, hey, let me be zero emissions and emit 5kg of CO2. Hooray, it's better for the environment, the CO2 emissions are down 995kg! Oh wait, I sold my credits to my neighbor, so total CO2 emissions are still 2000kg. Hooray, I'm saving the planet! Worship me! /s
  - smaryjerry 5y ago
    I see why you are confused because that’s not how it works. A manufacturer is required to produce say 20% electric vehicles to reduce carbon emissions. To reach the goal, unless they pay someone who is producing electric vehicles they will be fined. This basically boosts the electric vehicle industry and hurts the gas vehicle industry. If you are in favor of the environment this should be a good thing. Companies are encouraged to go electric, and if you don’t everything is more expensive for the company and the consumer. You don’t need to worship anyone, the point is to encourage a transition to lower carbon and few companies can do it. You don’t need to worship anyone.