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In California, A Tesla Has Now Been Bought With Bitcoin
Submitted by Mike Krieger of Liberty Blitzkrieg blog,
I’ve been waiting for this headline. It was just a matter of time before the exchange of BTC for a Tesla happened. The purchase took place at Lamborghini Newport Beach in California, and this isn’t just a one time gimmick. The dealership has announced that:
Lamborghini Newport Beach in California is proud to announce that we are fully capable of accepting Bitcoin as payment for vehicles. We are excited to be opening the door to this new currency.
Bitcoin, a fully encrypted and fully digital currency, has been used by a recent client of ours to pay for a Tesla Model S Performance we had in our inventory. That's right, an electronic currency was used to purchased a fully electric vehicle.
This is what you see if you go to the dealership’s blog:
The world is changing fast (you can even buy airline tickets for BTC), as well as purchase a “Bought with Bitcoin” shirt.
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Jesus aitch Christ on a crutch. Exponere -
PUT YOUR HOCKEY HELMET BACK ON !!!
Too many shots to the head have made it impossible for you to get on the yellow bus to go to the " special " school.
See you in another fourty years, when you might have some intelligent commentary to offer.
Prolly not, though.
See you on the side of the freeway exit ramp holding your " Spare Bitcoins broke and hungry " sign.
Tesla owners are going to have to fork out another $57k for carbon credits the way these mother fuckers burn...
Its a fair point, maybe they can "virtually mine" the carbon credits too!!!...mind boggling...lol.
http://www.youtube.com/watch?v=lAD6Obi7Cag
You know, if they had figured out to reward people with currency for carbon credits, SETI and folding@home, they would probably still be the big thing, instead of relics in the dustbin of history.
4 million lawsuit
57k car
(cue hillbilly math)
WINNING!
Just spoke to Billy Bob (my lawyer), he says in a country run by lawyers & lobbyists, only lawyers & lobbyists win.
He's a pretty fart smeller ;-)
(The euro readers won't get the play on words, they're dense)
good work, fonestar. get that tesla before the bc crashes.
I hope he purchased the automatic extinguisher package with optional ejector seat.
The article says the buyer picked up a Tesla, not a Pinto
I wonder how much the finance guy was sweating while waiting 50-minutes until he could be credited and sell them.
Coming from a fossil with a Deadhead avatar, I'm sure he didn't sweat as much. He'd probably be more worried you were going to knock over the place to score some more LSD.
http://www.dazeddigital.com/artsandculture/article/16663/1/bankrupt-by-b...
BANKRUPT BY BEANIE BABIES Film director Chris Robinson documents his Beanie Baby obsessed father in a kooky collector's nightmare
DD: Why do you think Beanie Babies created such a craze, in a way never really seen since?
Chris Robinson: I think the biggest factor for us was the network of shop owners and collectors and how they seemed to work together to create this mythology behind the company and their release schedule. My father bought into everything these people were telling him about how valuable they were going to be and how exclusive some of them were, and he passed that along to us and created this excitement in our family about what we were doing. For a while there was a real belief that we were going to make money from collecting these, and I’m sure some other families thought the same thing. At least I hope that we weren’t the only ones.
DD: Are you still in the process of trying to sell the Beanies?
Chris Robinson: We actually never really tried selling them. We just collected them for a few years, finally saw the error in our ways, and then packed them away in hopes that maybe someday they’d rebound and we could get some money back. The plan going in was for them to pay for our college tuition, but it became pretty clear that wasn’t going to happen for us. Maybe by the time our kids graduate high school they’ll have made a comeback. Or we can just burn them for warmth in the event of the Apocalypse.
I see someone is in the solidly herp-derp of cut-n-paste. This is what... how many times we've seen the same thing? Is it because you have Word 2003 and just can't manage anything else? Is AOL dropping you after 10 minutes, so you have to post the same drivel?
I guess we'll never know, but that is okay, because most people just don't care...
What?
Yes, I know "what" is a phrase you repeat often, usually followed by "why" and "I'm sorry". I'll just settle for the "I'm sorry" part.
Move on, herp derper.
What?
What's wrong with Word 2003?
it's from Microsoft, that's what.
That's why smarter people among us have OpenOffice and Libreoffice which are open-source & compatible for file formats.
From Microsoft? Really? Holy fucking shit!
(shakes head about the "smarter people among us")
first this,
"What's wrong with Word 2003?"
then that?
-1 for both your posts on that.
The Derp is strong with this one.
I'm gonna give you some "herp-derp of cut-n-paste" fuck offs right now
You're so seriously in the depths of HERP DERP that I can't hear you. Sorry man, your signal isn't FIVE-BY-FIVE, roger.
Lol, like your silly little send off means anything.
I love that part about the "mythology" of Beanie Babies. That's EXACTLY what Shitcoin is ALL about. It's the new RELIGION of virtual currencies and "Freedom Tech" as fuckstar so amusingly put it in "Team America" style.
You fucking kids amuse me. Everyone of you virgins comes along in a generation thinking you're such hot shit over the older generation. Thinking you're going to "change the world", "stick it to the man", "sve the planet".
LOL! We old farts GAVE you this tech you're playing with. And as much as tech has freed us from some things, it is enslaving us just as fast in other areas. And the BIGGEST area of enslavement is where true enslavement ALWAYS begins and ends......in the mind.
You have it in your mind that Shitcoin and other such Magic The Gathering Card currencies offer you some kind of freedom. Fuck you junior. You wouldn't know freedom if it bit you on the ass.
So tell me Shitcoin fucktards.......how much "Freedom" can you buy with Shitcoin......and better yet......what's the going rate of such freedom?
Just go back to masturbating to porn and buying your double shot espresso with organic goat's milk at the only coffee bar in town that will accept Shitcoin. LOL !
@Jumboturd
You didn't give ME shit. You aren't Vint Cerf, you didn't write the protocols, or design the infrastructure. The SMART people of your generation did that. You, I have no idea, nor do I particularly want to know, I'm sure its one of those sob-stories about working in a job for 30 years, when careers actually existed.
The problem with being a bitter old man, Jumbo, is that you want to see other people FAIL, so you can feel better about your own life. That's all it is. And I can see it CLEARLY coming off of you, like heat waves from desert sands.
And guess what, we understand that technology is a TWO BLADED sword, and it can cut as much as defend. You're not the effing' genius to figure that out, either. You're SO comitted to having Bitcoin turn into a tool of oppression, you can't see the freedom it represents.
That's the best thing about Bitcoin - it doesn't NEED your permission to exist, and it will most definitely be around long enough to irritate you into an early grave, given your hotheaded rants about it.
Enjoy it, you'll be seeing a LOT more about Bitcoin ALL AROUND YOU, very soon.
See, that's the advantage of bitcoins.
Instead of burning them for heat when they are worthless I can warm myself by my burning server-minifarm all month harvesting 0.01 bitcoin at a time! I get the warmth up front.
:-)
The days of burning CPU power to solve pointless math blocks will come when the next gen Microsoft Xbox will allow you to earn virtual currency everytime you dance infront of the kinect spy camera.
Xbox Kinect sensor goes X-rated: Device is revealed to detect every part of the anatomy - even parts you might want to keep covered
http://www.dailymail.co.uk/sciencetech/article-2503474/XBox-One-Kinect-c...
DANCE for your quatloos, puppets, DANCE!
Bitcoin mania is in full swing. Spend em now if you got em.
Yeah, it has at least another 6 months to a couple years before it pops though. Going to be really annoying if I have to deal with the bitcoiners for that long.
Which will implode first? Bitcoiner bravado or Kanye West bravado?
Now that's a betting pool i'd be interested investing in!
Bitcoins for beanie babies at pets.com sounds like a fair trade.
A fairer trade akak, would be for you to turn in your computer for recycling, you know, like how your wit is a bit stale. Maybe freshen things up in your rest home, stop making passes at the nurse.
zzzzzzzzzzzzz
In cyberspace, nobody can hear your bitcoins scream.
Or akak's joints creak.
Funny how traditional (and healthy) societies used to value the wisdom that comes with age and experience, instead of the ignorance and superficiality of the young.
You mean like the elders of the First Nations?
If by the misleading and meaningless "First Nations" you really mean "North American native peoples", then yes, absolutely.
But I know how hypersenstive and hyper-politically-correct you residents of Canadia are prone to be.
Oh right, I forgot, in your mind it ain't no Nation until a Pope says so.
I'm sorry that I can't help assuage your misplaced guilt, but trying to make a false equivalency between "tribe" and "nation" is just more hyper-PC sociopsychobabble.
You know, at one time our European ancestors were merely tribes as well, and many of them well into the historical period, too. Acknowledging that fact does not in any way demean them.
Look out akak, he's obviously a "history buff".
Hardly, it's not as if you have to be all that 'historically buff' to plumb the shallow depths of Akak's bilious rote.
Languages evolve, I'm sorry it's so confusing for you.
And a desperate adherence to outdated, antisocial colonialisms (not to mention the lip service paid to First Nations' Elders) smacks of a fervent desire to avoid facing up to the facts and maintaining the status quo.
'Merely a tribe'; now that's demeaning.
So tell me then, what in your mind does it take for a mere 'tribe' to make the big step up to 'Nation' (aside from a Papal seal of approval, I mean)?
And you "absolutely" have buckets of respect for the sagacity of First Nations' Elders?
I wonder what their advice to a Polish descendant occupying NA would be...
I don't think it's funny. Wisdom does not necessarily come with age and experience. It comes with the pursuit of wisdom.
Let's go ask some boomers how much their mortgage is, how much gold they have, did they tell their children to all go to college on debt, how much they owe on their car, what they're doing to help promote change in the government, if their willing to give up social security to prevent the cost being born by their children's children, what they watched on TV last night.
I know some out there have learned and gained wisdom, but the trend today is rather sad. Many old people are just kids with wrinkly skin who think they are right because they are old. They spent their life accumulating stuff, not wisdom.
AlphaMonkey, you have a very valid point, and I actually was going to say in my post above "... the wisdom that (can and/or sometimes and/or used to) comes with age". I agree that too many people today are little more than children in adult bodies, as we as a society increasingly emulate the young, and mostly for all the wrong reasons.
How long before you accumulate some wisdom spotty?
"Let's go ask some boomers how much their mortgage is, (interest rate, monthly payment or how much it actually will cost once paid?) how much gold they have, (lost it, boating accident) did they tell their children to all go to college on debt, (paid in advance, by us, no debt) how much they owe on their car, ($23,000, its a 2012 four door Ford truck, not a subsidized Tesla) what they're doing to help promote change in the government, (TP, among other things and you?) if their willing to give up social security to prevent the cost being born by their children's children, (YES) what they watched on TV last night (Shooter with Mark Wahlberg, it just happened to be on)
And you, my envious, easily offended & manipulated, having never worked for anything for the long term, young-smooth skinned friend? ;-)
Alpha Monkey - Point .0000001 percent of the world's population control most of the monetary value units in circulation.
Same for those of athletic ability, intellectual genius, scientific ability, etc.
Same as it has ever been throughout recorded history.
So, why is it okay to disparage baby boomers because the same percentages hold up ?
Do you see any difference in those stats for Gen Now ?
Nope. Most of the population can't get out of it's own way to change the TV channel, even with a remote.
If your critique encapsualted all demographic groups of human beings, it would at least be more truthful.
Many young people believe in nothing at all other than consumerism, social networks, and blind faith in government and institutions.
Doesn't make young folks bad per se - just normal.
Learning should be like water - you cannot exist without it for more than 3 days.
Yeah akak, older people used to have intelligence. Now they're just vessels of corporate greed disguised as medicare payments. Being old isn't the only virtue on the block. There are plenty of old assholes around, lord knows you're a distinct reminder of that.
Its the old people who aren't complete idiots that I admire. But seeing how you aren't part of that group, I don't have much to say to you. Except - when Bitcoin dominates your world and its the only thing you see, walking to work, walking to the store, walking or driving anywhere. That is payback enough for me.
You, the fossil trying to block out the progress that is the world. Good luck. You're not going to make it on that score.
You know what, you sad and pathetic asshole, ALL I ever hear in ANY of your comments here on ZH is an angry, bitter, spiteful, hateful and apparently ragingly insecure person whose only involvement in this forum consists of attacking and demeaning others, usually in a puerile, smug, and flippant ad hominem manner.
Instead of adding to the conversation, you consistently subtract from it. It might be fun for you to try a different tack, but I suspect that lashing out at others is the sum total of your potential here.
@akak
Oh miser of all that is great and net-worthy, you seem to miss out on YOUR little "contributions" to the conversation. How conveniently absentminded. Your tactics are to make fun of and degrade, and you do so willy-nilly.
Are you really suggesting that you have this net social worth that excuses you from the very criticisms you level against me?
What an entitled viewpoint of the world. You must be one of those career guys, so perfectly sure that everything you do is without fault or failure. That is the problem with "empty suits" though, they rarely udnerstand what is going on around them until they are met with a face-full of it.
Your smarm is only exceeded by the irony of your arguments.
Hey, E.M. - Your single minded fanatical devotion to Bitcoin and how da yout's are gonna take over the world has a historic parallel.
The priesthood during the Inquisition, Nazis versus the Jews, Stalin versus all Russians, Mao versus all Chinese, Pol Pot versus the Thai people - shall I go on ?
Put a sock in it, you dumb assed digital Nazi.
in cyberSoviet iMerica, coin bits you!
Exponere -
At least Akak can still get it up.
See if you can resurrect your female growth hormone meat diet pecker with some web porn, and let the grown ups converse.
Hey SILVERGEDDON, with your classy ALL CAPS nickname. Tell me... how is SLIVER DOING? Is it really ROCKING YOUR WORLD? Hahahaha. Remember that time when people thought you could take down JP Morgan using outright precious metal buying? HAHAHAHA.
Oh man... that never gets old.
Keep stacking silver, shame you're too much of an idiot to realize what you're doing and what is going to replace your precious store of value.
Yeah, I'm crying. Dollar cost average of my purchases going back to 1964 - is about nine bucks an ounce.
Advances in the use of silver as an efficient conductor in consumer electronics, anti bacterial medical supplies, water purification, etc. continue to set new bench marks in establishing the value of silver in the world marketplace.
Oh yeah, then there is the recorded history of silver as a trusted store of value for trade as a currency.
Plus, the average cost of mining and refining sits at $18 - 20.00 an ounce.
Let folks trade all the fractional paper silver they want in ETF's.
Same for Fantasy Island Bitcoins.
I am quite comfortable with my shocking lack of participation in the world of fake paper and electrons masquerading as a store of value.
Bitcoin is like kryptonite.
It will kill you with enough exposure.
Keep that car off the beach, Biotch.
Otherwise the bit-coin will have really bought nothing but a fireworks display.
I don't think anyone ever proved that car dealers are smart
Smart ! it's time to cash out and buy stuff with those gains . I liquidated 75% of my bitcoins last friday . Thanks suckers !!!!!!
Tomorrow i'm buying a kilo bar of gold and 1000oz's of silver maples . Thank god for the greater fool .
my approximate cost gold $68cdn/oz silver $1cdn/oz
Is the price fixed in bitcoins or USD? How do they determine the exchange rate?
The normal process I've seen is to the use the lowest exchange rate seen on a major exchange in the past 24/48 hours. This usually protects the seller and works for both seller and buyer when the pricing is stable. The buyer always has the option of not buying if they don't like the rate. Others will use an instant quote from an exchange like MtGox.
Here's an example -- Foodler delivery service delivers restaurant food for bitcoin: https://www.foodler.com/user/Bitcoin.do
the preview said it was accepted as "legal tender". That's absolutely a misnomer unless the USA has changed the Constitution. Afik it's not legal tender anywhere in the world. It's merely tender.
That said, which will crash and burn first, the Tesla or Btc?
http://www.youtube.com/watch?v=uFUNPpn4080
The Consitution has been violated even with the USD as that is not gold or silver.
In truth, the elites do not operate under or even mention the Constitution unless
they are just doing so to make it appear that it matters to them. You are not
even considered to have Constitutional rights. Try demanding a warrant the next
time a cop pulls you over and demands your papers. There is much more to it
and there are remedies but not to be discussed here or anywhere in public.
Question: Would like input from both sides of the bitcoin fight. It seems to me that bitcoin has the potential to be the elite's malthusian wet dream. Can you convince me that they would not use cryptocurrency once it was the only form of money to depopulate by means of cutting the grids. No grid no food. Also, would they use this form of money as punishment? For example, you post non-conformist comment on ZH and they bing you for half of your bitcoins making it difficult to pay your bills or buy food. Would they use bitcoin to stop your purchase at the grocery store if they feel you should not have that carton of ice cream since you do not fall in acceptable levels of body fat index etc. I don't trust this type of currency for many reasons, just listed some.
just 1 argument, a good one, and I'm against bitcoin regardless:
de-population weakens the elite & empowers us.
Over-population empowers the elite, giving them desperate slaves & allowing gladitorial type interactions of the lower classes to self-select their best guards, generation after generation.
Bitcoin will be a trap, a failure, regardless.
What is easier to control, 10 people or 1,000,000 people?
Which has more likelyhood of innovation, 10 people or 1,000,000 people?
Which is more likely to intimidate the Government, a 10 person march or a 1,000,000 person march?
1 million. With them you control their food source and the masses must capitulate. They are too many to plan together effectively & when hungry they will obey whoever lets them have food. They will be to weak in hunger to overpower their masters.
With just 10 they can form a clever alliance, they can ally with you then betray you & they can move in stealth.
They can plan together effectively at all times provided they don't hate each other.
Million-target marches are baton-practice for police-states. No one is intimidated.
When it gets serious the nerve gas will be dropped from drones and in 2 minutes it will be a zero-man march.
Thats the problem with it.
To many "at odds" with what we're (I'm) about.
THE LARGEST being, in order...(1) a one world currency...(2) based on nothing but the faith of the promoters...(3) needing something outside of itself to be useful.
How does one "earn" more once the BitCoin is paid in trade/exchange?
How does one "earn" more dollars once the dollar is paid in trade/exchange?
Is this you, nmewn?
My salary is paid in BTC, when I feel the need I buy the local fiat currency with them but prefer not to.
Very funny...lol.
However, I thought there was a finite amount of BitCoin in your "virtual universe". Not to get all Milton Friedman on you, but that presents a problem as population always rises and it being called "money" or currency or medium of exchange or whatever you guys call it on any given day.
And you avoided addressing points 1 thru 3 ;-)
1) Gold is also a one-world money...
2) Correct, BTC value is set at the point of exchange. If you can't handle that, don't participate.
3) Correct, BTC is intangible, it needs tangible things like computer systems to operate.
The supply of bitcoins is currently inflating but one day eventually stop and deflate from lost coins. Theories are all fine and good but deflationary money has never been tried before on a massive scale. Other options, of course, are: beloved fiat or gold.
<<No grid no food>> regardless of the medium of exchange.
<<use bitcoin to stop your purchase at the grocery store>> Bitcoin removes the middle-man in transactions. No bank or government says yes or no if I want to send money to somebody in Palestine, Iran, Columbia, wherever (Not that I'm going to!...)
Governement can put pressure on the grocery store, but they can easily just cancel your credit cards in today's setup.
Some PR propaganda, but it outlines the benefits of Bitcoin: https://www.youtube.com/watch?v=24ce5tV-pgg
The risks are still debatable.
Firstly, how do they "cut the grid"? Do you mean destroy the internet or electricity? In regards to the internet, in the wake of the NSA revelations, many countries are now working to reduce their reliance on the US for internet capability, meaning the internet is about to become even more diverse, complex, and that much harder to subjugate by a single authoritarian regime. I imagine the "market" would produce some form of black market web service maybe through satellite phones or something else?
Seems to me, many (some here) are trying to get off grid and in the process make their own food. So, "no grid no food" is not exactly an accurate assumption.
Lastly, it won't be the "only form of money" because it is a currency. Semantics aside, Gold is money, and some people think silver is too. Furthermore, if the elite garnered that much control over the BTC system, those same people that made it popular would stand against it, and it would die.
What do you mean "bing you for half your bitcoins"? Do you mean hack your wallet and steal your bitcoins? The thing they've not been able to do to head of Silk Road and his millions of dollars worth of BTC? Security is a personal innitiative, you want to use 11111 as your password, the FBI is your last concern. Offline wallets are impossible to hack online.
There is no central authority dictating what transactions can be processed or not. If the merchant chooses to accept your bitcoin, "the man" can't do shit about it. If someone wants to deny you a product or service, it would be because the merchant refuses to accept your bitcoin. Kind of like when I was in Canada a few years ago and they refused to accept my USD.
I don't trust this type of currency for many reasons, just listed some.
I think you put too much faith in the power of the elite. They have convinced you they are all powerful when they are in fact not.
BTC is a market solution that was born from the inequity of the current system where a few people can control the money and through that process can control many aspects of the society. But their control is based on the faith in their ability to control it through coercion or other means. Innovations like this will work to erode that faith and offer alternatives to their machinations. People throughout history have been wriggling out from under the thumb of their rulers one way or another. This is one step to fixing a flawed monetary system. Is it the best? I don't know. The market will certainly test it and we will find out in the future. This is my 2-BTC.
alpha monkey TPTB most certainly have the ability to cut the power grids to an area or region and have done just that in the past. You parrot "common knowledge" that they have been unable to hack bitcoin, they are the ones who manufacture common knowledge. (Everyone knows they have been unable to hack bitcoin) is prime example of groupthink because THEY told you so.........but are you sure? would you put 500k in bitcoin? Are you that sure of who is manufacturing your thoughts? I might gamble 500usd because I could afford to lose that amount, but 500k is another ballgame. Our friend mmuen stated he had a problem with it as (one world currency) and no doubt they would love a cryptocurrency to be our savior after the crash. To be sure cryptocurrency would be used to force obedience to our masters.
The monetary system will ALWAYS be their construct FLAWED to benefit them. Thank you for your input but I just see a person willing to believe the current buzz.
Any friend of a campaign to end fiat hegemony and the systematic gutting and fleecing of the middle class is a friend of mine. The fact that BTC even exists (as it develops its accceptance world wide), should be giving any and all folks a reason to stop and consider why, and all ZH'ers a reason to cheer that something else is being accepted as currency that has some store of value to it and most importantly, something that the fucking money changers cannot get their hands on. If it fails, then the market place has spoken and we move on. Until that happens - until BTC is declared dead - viva la BTC.
pareto How are you sure that the money changers won't be able to get their hands on it. These are very crafty people. As you get older you will understand that they always lull the sheep with the "don't worry , what could go wrong" schtick. In this case they partner with DOD and then lull you into believing cryptocurrency is untouchable. My grandparents were told we needed the personal income tax only to pay off the debt from WWI and would not last long......surprise, that was 100 years ago.
cipher. I'm not certain - far from it. But, what I am certain of - aint any fucking better. I was just speaking with a colleague before he went home. We observed among other things that it is increasingly difficult to appraise real markets and real value any more. We manage commercial loans to business - our fund is small. Net worth statements, balance sheets, post sweet equity held personally by clients, but their equity is unbelievable interest rate sensitive (housing, stocks, bonds). The collateral, in my opinion, given that economies EVERYWHERE are standing on pegged legs built not from value but from asset appreciation and speculation, given that margin debt is supporting the very assets we appraise - is dangerously exposed. At what point is it even possible anymore to make a correct judgement about the worth of something when government essentially becomes the market. Because that is what has happened. So, BTC, whether you like it, hate it, or, are indifferent, to me, offers some notion - some effort being exercised by the market place to move away from diluting collateral. BTC whether it works or not, to me, is not a concern so much as its very existence - is. This I find troubling. Whether the government attempts to covet the whole process - yeah sure. But my belief is that the market will continue to respond with alternatives as people endeavor to move themselves from a less to a more desired state through exchange where the store of value sought in exchange - is sound.
Gold - in your hand - is real.
Diesel fuel - in a storage tank treated with stabilizer, is real. Also has a longer life span than any other liquid fuel for vehicles, trucks, or heavy equipment.
Acreage, and what you can grow on it for sustenance - is real.
Copper, lead, and brass - are real.
So are the implements that use said base metals to good effect with training.
All the rest - is dust in the wind.
Perfectly fine reasoning, Silvergeddon.
Who the fuck am I or anyone else to tell you how to manage your own affairs.
I'd just like to emphasize your words "use said base metals to good effect with training"
Training, as such, is intangible. Contracts between two persons are intangible. "The sovereign" is intangible.
Bitcoins are intangible, scarce, recognizable, durable, fungible, and divisible.
We all place our bets with the knowledge at hand and the risk profiles we are comfortable with, and the market will sort it all out.
pareto thanks for your thoughts, I really am interested in both sides, even though I truly distrust most of the contruct here in the matrix.
I don't know what is so unbelievable. The US dollar is just paper and is not backed by anything and we have been accepting it for years. It is as worthless as a bitcoin. The scary part is that a bitcoin is worth almost as much as an ounce of Gold.
To make it worse, you cannot take a gold coin into these guys and buy a car, not as currency anyways. They may horsetrade though. I can guarantee that as soon as they received the bitcoins at the dealership they immediately exchanged them for the other scam currency, the dollar.
Tesla and Bitcoin are on Fire.
Bitcoin doesn't have taxing authority or a big fucking military to back it up.
Agent P, ladies and gentlemen (who am I kidding, its just greyhaired old men on this website), I'm glad you're such a big fucking fan of the MILITARY and the STATE. Good for you, don't let the NDAA hit you on your ass on the way to Guatanamo Prison! *wink*
The USD is backed by more than the "full faith and credit" of the US citizenry; it's most significant backing is the US's legal tender laws.
Come Apr 15 tell the IRS that you want to pay your taxes in Btc or in Euro or whatever. US law says "No can do. Convert those to USD first, and then pay."
That gun to your head is leverage in the Fed's USD scam.
Where's the problem ... do the conversion 5 mins before you transfer it back to them ... holding the BTC between now and then looks like it will do what gold should and keep up with their printing - they get nothing from you but bigger numbers ?
Most high end dealers will trade, I'm positive you could have made that same purchase in gold. It's no accident that this happened at a high end dealer, though, since they're more acclimated to using alternative means of payment.
My guess is that they went bitcoin because someone at the dealer wants to speculate in it, and this was a much easier/faster way to get some.
What's mind boggling is that someone who bought $1000 of bitcoin in January can drive off the lot with a Tesla or a low-value trade-in exotic.
Simplier than speculation. Bitcoin is the hot new thing getting press. They did it for the publicity. Any good business looking for free press would. Change is in the air for better or for worse.
"easier/faster way to get some." ... That has to be a winner.
This new age technology shit is awesome! I can take some intangible computer bits made up by an anonymous dude with a fake Japanese name and trade them for a tangible car that runs on carbon credits made up in the California legislature.
/mind blown
Very well put!
I see you figured out microsoft's business model as well as most app developers and just about any creator of other intangible asset you use in one way or another either online or in a "new age" technological gizmo.
Judging from your post, I'm guessing you are not a Luddite. Maybe you want to tell them they didn't build that and it's not worth anything?
Microsoft's products have function. I can use Word to write white papers, Outlook to communicate, Excel to build and process complex financial models, and Internet Explorer to crash ZeroHedge, all from a device powered by their operating system. Tons of value there.
Bitcoin, on the other hand, is essentially a counting program with a terminal limit, and I'm supposed to believe that has long term value. Sorry, but I don't buy it.
That's cool, you weren't talking about long term value in the original post, just the ability to create digital things and trade them for tangible things. My point being any digital service is essentially this very same concept. If it will last long term is a wholly other consideration. There are certainly some programs that haven't made the cut for the long term since inception of home computing. That word program your using is probably not the first released version. Nor is anything else you listed in that list. If we look at the original programs, they all failed to have long term survival without modification, meaning they became something new with a base concept. Could this be the same for BTC? maybe. Or maybe it will go the way of DeskMate.
I see value in the decentralized transfer service and potential currency. Obviously, I see it as a bit more than just a counting program.
An associate of mine recently bought an entire dealership using only BigCoins™...
I'm just waiting for the day I can pay for sex with Bitcoins
You can already at some locations - and if you finish before the blockchain updates, it's free!
lol
What about Yugo?
Package for fonestar!
This from a 2011 broadcast on "working with the Federal Government"...
http://12160.info/forum/topics/bitcoin-developer-confirms-he-s-working-with-gov-to-give-control
Bitcoin is legal tender? How so?
Anybody else find it a little odd how fast mainstream has adopted the bit coin? I do. Do they WANT us to like it. ?
http://www.youtube.com/watch?v=tulPARGsY4Y
I will ask again: HOW IS BITCOIN LEGAL TENDER?
I have read a lot of bullshit from some folks on ZH today, regarding Bitcoin and how much they know about it. I know a thing or two about BTC.
BTC is NOT legal tender at this time. If you paid me in BTC and I decided that I was going to fuck you over and not deliver, what are you going to do about it? Are you going to take me to court?
Stop acting like petulant eight year olds and answer my question.
A contract is still a contract. Doesn't matter if you are trading chickens for a job performed or Teslas for Bitcoins.
Legal tender is for taxes. States like MI allow "barter" as does the irs, but the irs and state tax authorities determine the taxable value of the trade.
The best part is, its coming whether you like it or not. You know, when things changed around the workplace, and those newfangled computers sprouted everywhere. Just like that. You'll see it in the evening news, you'll see it in the financial pages, you'll see it walking down the block.
Bitcoin isn't going anywhere, and all these hysterical efforts, these concerted jabs to push it away will amount to nothing. You've lost already, and not from my individual effort, it is an idea that has caught fire with the technology crowd, and you're along for the ride.
So enjoy - if you are in the financial services industry, be prepared, there's going to be a lot of disintermediation going on. Same thing in other businesses. Please, tell your boss that you don't give two fucks about Bitcoin, see where it gets you.
You'll end up as popular as the people who used to be able to disparage other races, but now its a fireable offense.
Keep on creakin' grandpas and grandmas, you have no idea what is about to overtake your old and fragile bones.
That's why I don't care about the assorted potshots and attempts to "prove" me wrong. You have been sorted and put out with the rest of the garbage, and you're just arguing what place you'll have on the pile to the landfill.
Enjoy that, relics of history.
Fair enough EM. It was you that I was referring to in an earlier post. I will be respectful although you have resorted to attacking the age of those who may not support your position. You assume that I am old and when you assume things you are entering into some dangerous territory. I may not be as old as you think, In addition, I just might know more about Bitcoin than you do. Have you considered that this might the case? Have you considered that I might know a lot of people who would know about cryptocurrencies?
EM, you fail to understand law. You simply just want to make up your own law. This is why you can not answer the legal tender question I have posed. None of you bitcoiners can. Until you do, you have no reason to even respond to me.
I wish that you do succeed, but if you are going to act the way you do, there is no way in hell that we will ever trust any of your exchanges. I already can not.
Come off it already, we old crustaceans are not going to sell our PM's to buy BTC or LiteCoin or any of the rest of them. You need to respect your elders and you have not been doing so today. There is nothing wrong with questioning an elder but to assume they are all stupid and foolish is not going to end well and no discussion will be had. If you can not understand this fact then you are simply a troll and we shall ignore you.
Bitcoin isn't legal tender.
Its just not Illegal, yet.
The thing is, they may have used bitcoin, but I bet they are running to cash them out.
Correct Dre4, this is the inherent problem with BTC and it is why I quit messing with it at $12 per BTC. I have known about it since it's inception and have been through many debates. It is valued in dollars and is not legal tender for business transactions.
I do support Bitcoin and have a blockchain wallet of my own. I DO understand it's strengths and I support the folks that mine these digital currencies. I understand what the currency can mean but I also understand it's shortcomings. To call BTC "Legal Tender" is irresponsible. If you try to call BTC legal tender you are liable to end up like Bernard von NotHaus whom many bitcoiners are not aware of, what he represented, or what happened to him.
Children, and I have them, need guidance even if they do not like it. What I am telling bitcoiners is that you will be swallowed alive if you call ANY digital currency, "legal tender". That being said, do you YOUNG bitcoiners understand who you are up against and the laws that have been made to consolidate their power? It does not appear that this is the case at this time.
I suggest that you younger bitcoiners research your position a little more closely before you start fragging the older ZHers, many of whom I have known since long before ZH was ever created. Learn your monetary history and then we can talk.
The buyer was apparently some guy called fonestar
Buying lemons and paying with lemons
Welcome to your nightmare: there is no safe haven from the gambling psychopaths that have taken over the world's governments. Bitcoin? How about my balls. Bid them up you dumb mother fuckers...
Bitcoiners are not all bad folks, they hate the same things we do. They have pissed off a lot of people with the bragging and telling us that we are old relics. Insults never win any allies or foster discussion. Do not insult your elders because they might know more than anyone thinks.
The Bitcoiners are stopped cold on the "Legal Tender" part of Tyler's post and my questioning.
Some are beholden to government.
Some defy that "implied order".
You choose your own level of involvement, as the "Fight Club" ethos says.
I believe your question was answered above ... Barter is fine by the IRS so long as the taxes determined to be payable are paid in legal tender. So you convert some BTC to USD and pay them ? It only becomes a problem if you try to hide it etc..
I wholeheartedly agree that BTC should not be referred to as "legal tender" for the reasons you provided but that makes no difference to its utility as an international currency.
Going to ZERO! I will repost this in a few years if gaypornstar is still alive.
Please tell us the EXACT date its going to ZERO, so we can come back here and mock your shortsightedness.
Really, put a year on it, you big bozo.
EM - You really need to get a better grip, so's the Bitcoin POTB balls don't keep slapping you in the head.
It is seriously affecting your judgement.
You are not the first in a long line of younger, tougher, and smarter than everybody dipsticks to come along.
All of ya, preaching your leanings towards THE NEXT BIG THING, only to fall on your sword, and crawl off to your cardboard shack under the freeway when you lose your ass.
Wake up buddy - or the freight train woith your Bitcoin name on it will turn you into buzzard food.
Wanna dabble in Bitcoin ? Fill your boots.
But - diversify like a motherfucker, or you will be road kill.
hey, EM - ENJOYING THAT BLACK FRIDAY BITCOIN HALF PRICE FIRE SALE ???
Ha ha ha ha haaaaa. Velly funny - Chinee have happy ending at you expense.
Hey, no doubt BTC is a cool idea and goes against The Man.
But, I would not put all my eggs on something you cannot hold in your hand with no counterparty risk or something that is not backed by a gun.
How nice of the car dealership to call it legal tender, setting precedence for the government to close down bitcoin under legal tender laws.
This is classic. So officially the government has classified bitcoin as a money service, like paypal or money gram. As is noted above if it was classified as a currency under legal tender laws it would be shut down immediately. The question is why are they not calling it a currency? It feels pretty obvious, they want it to continue, why well we can't be sure. One thing I know is its not to make the Winklevoss or anyone else rich. It is to benefit the government in some way.
I was thinking the same thing bwh1214. Look how fast "they" moved to shut down the liberty coin scheme. Took the whole lot, if I remember. Is it because "they" havent figured out how to stop it? Does each bitcoin transaction have "In God we Trust" built into the blockchain? Government is complacent for one of the following reasons in my mind: They can't stop/control it because the architecture is too robust (LOL), they are actively accumulating and intend to manipulate it in the future (or are now), or they built is as a mechanisim to move the masses into digital currencies and this is a test *beeeeeeeeep*
What better way to get people on board when you start by getting those who should be most against, it to adopt it, through the appearance of "digital anarchy" in early adoption?
I love the comments about old/grey- get out of the way, posted by jackass central.
Sign up... but when Satoshi requires the group to "insert chip here" to recover their funds, what are you going to do?
Not addressing the Tesla firebombmobile but noticed the Lambo dealership. So who is the typical Lambo buyer....He owns a $400,000 Lamborghini Aventador LP 700-4 with a vanity plate He loves strippers. He lives in Lung Eyeland. He knows rappers... his girfiends love to give head and love anal...and he owns other exotics.. like Lotus Elise, Bentley Continental GT, and Lamborghini Gallardooo.. All I want is the chance to prove WEALTH does not buy happiness...
Whether Bitcoin will be viable or not remains to be seen...that said, IMO this will depend on how important or how big the people and funds that own it are. TPTB stated years ago that PM's aren't good investments so they allow naked paper to debase metals regularly to prove it. There shouldn't even be a Bitcoin...Au and Ag would do the trick but they don't want all you pm bugs waking up one morning to a new wealthy reality.
this is right next to my old office on PCH. better cash em in for real dollars asap!!! I wouldn't leave them as bitcoins for very long.