$ Tesla stops taking Bitcoin for vehicle purchases, citing environmental harm - Not Even 2 months

[tehpope]

Tesla stops taking Bitcoin for vehicle purchases, citing environmental harm

Musk blames Bitcoin’s connection to fossil fuel emissions

www.theverge.com

Tesla has stopped accepting bitcoin as payment for its cars out of concern that it will contribute to greater consumption of fossil fuels, according to a statement CEO Elon Musk tweeted Wednesday. Tesla had only just started accepting bitcoin in late March.

Musk also said that Tesla will no longer sell any more of the $1.5 billion stash of bitcoin it purchased earlier this year. Tesla sold some of that bitcoin in the first quarter of 2021, which wound up helping pad the company’s quarterly profit figures.

Tesla would resume accepting bitcoin (and would consider selling more of it) once the process of mining bitcoin “transitions to more sustainable energy,” according to the statement. The company is also “looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”

“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” Musk’s statement reads.

Developing...

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https://twitter.com/elonmusk/status/1392602041025843203/photo/1

 

[Bongocat]

Wondering what the real reason was.

I'm betting they ran into trouble with potentially stolen bitcoins.

 

[WolfeTone]

what a gay fag

 

[Toolbox]

Says corporation that leads the way in extracting a material that requires some of the worst mining conditions ever, and is incredibly toxic if not well contained (not to mention most technologically useful rare earth metals are mostly in the territories or possession of China). But it's ok because it's ''green'.

 

[Lemmingwise]

Hmm. Just an idea. Is China's bitcoin mining a way to keep coal production productive the way the US starts wars for the military industrial complex?

 

[TerminalTryHard]

Didn't NASA just cancel a contract with SpaceX? Would be a huge coincidence if that got reinstated soon.

 

[shameful existence]

World's third richest man manipulating the market. Millions of broke retards losing money. This will end well and not with more regulations or anything.
I could appreciate a genius villain version of Musk. But I hate that the real one seems to be driven by a mix of boredom and cluelessness.

 

[Uncle June]

Good time to buy non mining/low energy crypto fellas. (ADA, XLM, SOL, etc.) Feel like the enviro-fags are going to be pushing this more.

 

[Lone MacReady]

Musk is a fraud "man of the people" like Zuckerbot and seeing him get worshipped by plebs is cringey. He has been buying up silver on the dl wanting to collect on Biden's ongoing "solar" socialist initiative. Like Warren Buffet he also knows about the coming price explosion in PMs due to global governments hyper-inflating their fiat currencies to death. Tesla stock is as full of air as the rest of the inflated shitstem, but Musk certainly won't complain about Bag-Holders getting Roped into it. The current PedoJoe economy is just a continuation of the Swamp's usual, nothing but fluff projects and handouts to make the plebs think the economy is booming, meanwhile China is the only nation still putting shit out of their factories for the world to CONSOOM.

When all these housing and stock bubbles collapse, and soon, Musk is going to be perfectly positioned to benefit from it at the expense of the dump plebs. Billionaires have become Trillionaires over the past year, and soon they'll be Quadrillionaires at the rate things are going. The coof continues to cover for the ongoing systematic murder of the middle class so don't expect that to change either. Fuck Musk and the rest of the Elites, Bankers, and Bureaucrats. They have known exactly what's coming, yet talk about the "climate" instead like it actually matters to them or their companies.

 

[Demonslayer1776]

Wondering what the real reason was.

I'm betting they ran into trouble with potentially stolen bitcoins.

He probably expects a dump soon and wants to cash out instead of taking it in right beforehand. Could also be incoming regulation that will fuck with the price, as Biden seems to have plans for fucking over crypto

 

[Lemmingwise]

Musk is a fraud "man of the people" like Zuckerbot and seeing him get worshipped by plebs is cringey. He has been buying up silver on the dl wanting to collect on Biden's ongoing "solar" socialist initiative. Like Warren Buffet he also knows about the coming price explosion in PMs due to global governments hyper-inflating their fiat currencies to death. Tesla stock is as full of air as the rest of the inflated shitstem, but Musk certainly won't complain about Bag-Holders getting Roped into it. The current PedoJoe economy is just a continuation of the Swamp's usual, nothing but fluff projects and handouts to make the plebs think the economy is booming, meanwhile China is the only nation still putting shit out of their factories for the world to CONSOOM.

When all these housing and stock bubbles collapse, and soon, Musk is going to be perfectly positioned to benefit from it at the expense of the dump plebs. Billionaires have become Trillionaires over the past year, and soon they'll be Quadrillionaires at the rate things are going. The coof continues to cover for the ongoing systematic murder of the middle class so don't expect that to change either. Fuck Musk and the rest of the Elites, Bankers, and Bureaucrats. They have known exactly what's coming, yet talk about the "climate" instead like it actually matters to them or their companies.

Whenever I start to feel envy for someone like Musk, I just laugh at his shit relationships.

 

[whatever I feel like]

Meanwhile his rocket ships burn literal tons of rocket fuel.

 

[Tookie]

Dump eet.

 

[Kendall Motor Oil]

Good time to buy non mining/low energy crypto fellas. (ADA, XLM, SOL, etc.) Feel like the enviro-fags are going to be pushing this more.

Will they take off artificially or will we skip to gov coins?

 

[HOMO FOR LIFE]

Whenever I start to feel envy for someone like Musk, I just laugh at his shit relationships.

Kind of surprised Elon hasn't started a venture to create robo-waifu. You know he wants one.

 

[Pixy]

Wondering what the real reason was.

I'm betting they ran into trouble with potentially stolen bitcoins.

Twitter has been malding over NFT's for a while, which eventually started to include crypto in general.

When all these housing and stock bubbles collapse, and soon, Musk is going to be perfectly positioned to benefit from it at the expense of the dump plebs. Billionaires have become Trillionaires over the past year, and soon they'll be Quadrillionaires at the rate things are going. The coof continues to cover for the ongoing systematic murder of the middle class so don't expect that to change either. Fuck Musk and the rest of the Elites, Bankers, and Bureaucrats. They have known exactly what's coming, yet talk about the "climate" instead like it actually matters to them or their companies.

This is the revenge of the autists, a scheme that has been decades in the making.

 

[Ghost In The Rain]

You fools thought you could get away with using those coal powered mining rigs without consequences?

Next time you should conduct mining using only the sort of clean power source Tesla vehicles use: Electricity.

 

[HOMO FOR LIFE]

You fools thought you could get away with using those coal powered mining rigs without consequences?

Next time you should conduct mining using only the sort of clean power source Tesla vehicles use: Electricity.

Wait but electricity comes from....ohhhhhh

 

[IzTotallyLegit]

Most companies in the world don't accept cryptos as payment. So in order to use his cryptos Musk would have to sell them for fiat currency and use that. This creates a paper trail that would make it harder to avoid taxes.

 

[Erika Furudo]

Says corporation that leads the way in extracting a material that requires some of the worst mining conditions ever, and is incredibly toxic if not well contained (not to mention most technologically useful rare earth metals are mostly in the territories or possession of China). But it's ok because it's ''green'.

What does China have? I expected them to have pretty much exhausted all their resources given their industry.

Musk is a fraud "man of the people" like Zuckerbot and seeing him get worshipped by plebs is cringey. He has been buying up silver on the dl wanting to collect on Biden's ongoing "solar" socialist initiative. Like Warren Buffet he also knows about the coming price explosion in PMs due to global governments hyper-inflating their fiat currencies to death. Tesla stock is as full of air as the rest of the inflated shitstem, but Musk certainly won't complain about Bag-Holders getting Roped into it. The current PedoJoe economy is just a continuation of the Swamp's usual, nothing but fluff projects and handouts to make the plebs think the economy is booming, meanwhile China is the only nation still putting shit out of their factories for the world to CONSOOM.

When all these housing and stock bubbles collapse, and soon, Musk is going to be perfectly positioned to benefit from it at the expense of the dump plebs. Billionaires have become Trillionaires over the past year, and soon they'll be Quadrillionaires at the rate things are going. The coof continues to cover for the ongoing systematic murder of the middle class so don't expect that to change either. Fuck Musk and the rest of the Elites, Bankers, and Bureaucrats. They have known exactly what's coming, yet talk about the "climate" instead like it actually matters to them or their companies.

I don't agree about your assessment that he will profit. Many people will profit, but Musk is not one of them. We are seeing a huge divide between rich and poor, and I sure as shit wouldn't want to be a trillionare everyone recognizes when most people are broke. The banker/businessman no one knows about is going to be the real winner.