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Bitcoin jumps after Musk says Tesla could use it again

19 Comments

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19 Comments
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Why didn’t I buy it on my friends advice at $200?

1 ( +2 / -1 )

Because El Salvador is about as important worldwide as my delicious Bramley apple pies.

1 ( +2 / -1 )

So Musk flaps his gums, and bit coin either goes up or down. Rather not care for an "asset" that reacts so simple that way.

1 ( +2 / -1 )

Why didn’t I buy it on my friends advice at $200?

How much did your friends make?

1 ( +1 / -0 )

This guy ... Sell your BTC and leave us alone instead of pump and dumping every week !

1 ( +1 / -0 )

If (~50%) of miners join his "Council", Musk will have effective control of the network and will be able to block and manipulate transactions at will.

Completely and utterly false.

0 ( +4 / -4 )

How the US financial regulators aren’t all,over this is a mystery.

0 ( +2 / -2 )

So Musk can engineer a 9% profit, on the spot, with a tweet.

That's quicker and easier than printing his own banknotes in his basement.

Clean energy to mint crypto? His next two purchases may be several/all Chinese solar panel firms and a chunk of the Sahara Desert.

-1 ( +0 / -1 )

Game of Elon says continues

-1 ( +0 / -1 )

if a single entity has control over 51% of the hash rate, they can effectively create consensus by themselves.

If this ever happened Bitcoin would immediately be rendered worthless. There is no economic incentive to do so. In theory a malicious state actor wanting to take down bitcoin and not caring about the financial cost to do so could try. But why would this council, or Musk, or anyone else with a vested interest willingly destroy it? They wouldn't.

-3 ( +0 / -3 )

I'm surprised that in Japan there was no news of El Salvador granting "legal tender" status to Bitcoin whereas a tweet from Elon Musk is given so much importance. Seems like the news media want to keep people ignorant about bitcoin.

-3 ( +0 / -3 )

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