> Tesla's terms and conditions say if a refund is needed, it can pay in either the exact amount of Bitcoin paid or in US dollars based on the dollar price of the car - whichever it wants.<p>Fascinating.
> Mr Musk said: "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat [government-controlled] currency"<p>Bitcoin enthusiasts are very excited about this (e.g. on /r/CryptoCurrency)
I've often said that the US government can, and will, outlaw crypto if it starts to feel threatened. It may not absolutely stop transactions, but the value of the coin will plummet tremendously if this happens.<p>However... if a sufficient scale of corporate interests stand to lose billions of dollars from the coin plummeting in value due to legal action I might rethink the viability of doing such a move politically.
Is the price denominated in USD or in Bitcoin? The USD price for a Tesla tends to remain constant for relatively long stretches of time, I wonder if they're willing to commit to the BTC price staying put for similar amounts of time
Interesting data point that $TSLA operates its own full BTC nodes. Why not mining pools that use solar / spare car battery and tpu / cloud gpu cycles ;)
Since Bitcoin is mainly only used for crime, does that mean that Tesla is enabling criminal movement? Didn't someone get indicted recently for providing a service that was used by criminals? Let's get them, DoJ!