Bitcoin Forum

Jamie Dimon and Mike Hearn your thoughts ?

https://news.bitcoin.com/e14000-tesla-bought-bitcoin-finland/

It will be like with the pizza transaction. In 2035 they will regret that didn't HODL Bitcoin.

:D

B-b-b-but I thought Bitcoin was dead?! I'm going to go out on a limb here and say Bitcoins are going to be around at least another 10 years :)

Buying such large assets with Bitcoin is really exciting. I'd also love to see the ability to purchase real estate, buildings and plant & machinery with Bitcoins. This way manufacturing units will be able to deal in payments using Bitcoins and save tonnes in overhead charges.

im guessing the savings on using electricity as opposed to petrol

was the deciding factor, plus the fact they have to dump some

some coin it has to move to someone to be of actual value,

whoever sold the Tesla if they hold onto the coin will be a very

very happy person after the halving

I think that the company that sold the car used a company that allows customers to pay with bitcoins and seller receive fiat money. The car dealers make a good deal, sold an expensive car and now have free publicity on bitcoin new media.

What exactly is a Telsa?

(OP please fix the spelling mistake in your topic's title)

I'm pretty sure he meant Tesla. Probably just a typo.
Anyway, the company will be rich in the future if they hold the Bitcoins for another few years. :O

That's great news for BTCitcoin as a whole. IIRC there was a Chinese guy on a Chinese forum who put an ad for selling his Tesla car for BTCitcoin as well (Not sure if he manage to sell though) and then this news come out. From what I've known from Jamie, he will still find excuses to damage BTCitcoin image.

there was a chinese selling one but for a greater price, i'm wondering if he was able to sell it in the end

i believe it's betetr if they use their coins directly instead of dumping for fiat and buying then a car, maybe those website can offer some form of discount to encourage directly spending of bitcoin

the Telsa was a very cheap car the link should have cleared it up though

It is already possible. The ability to transact in Bitcoin between two real persons depends on their will to accept Bitcoin as the currency of their trade. If they both agree to accept Bitcoin, you can buy anything in bitcoins.

Thats awesome. We need news like that

This is great news for Bitcoin.  I like reading "Tesla" and "Bitcoin" in the same sentence.  Who cares who bought it...its great!

Looks like people are cashing out bitcoin in different ways, i think next will be someone buying an yacht

or it could be the perfect opposite... today you can buy a tesla in 2035 140k btc could worth only 140k satoshi of nowadays :)

It is very likely that they will rebuy the coins long before their value increases massively.

It could also be that they bought the coins specifically to purchase the car and would otherwise never have been in their possession.

Good idea, more places need to accept BTC!   :'(

I want a tesla too, but at this price i will need to wait till Bitcoin have a price higher than 10k dollars. Or a bit less with the model 3 car (if it comes with a cheaper price as paper media said).

I think that one day when we can spend more easy our btc a tesla will be only one of the car that you can buy with btc.
I am waiting the day when I can pay with my btc a bmw or mercedes car ;)

Well, maybe they were thinking that BTC is about to crash, so they abandon the ship. This is what I see. They could have keep their coins, but they chose to spend them. Actually, I think they were wrong, a new car is sure to depreciate way more than BTC.

I actually think when news like this gets spread around that this will likely entice people into Bitcoin or at least learning more about it.

Yeah Jamie and Mike, I thought that Bitcoin was dead. I guess you two retards were wrong. So fuck off.

Really ?


http://www.kia-world.net/wp-content/uploads/2014/10/Black-red-Soul-EV.jpg



Yes, it's an electric car.  :D

Well that sounds very nice. If that happen people here will be millionaires, many of us.
This is great news. That is what bitcoin need, positive news. People will now ask how its possible, and I think they will fall on ass when they see its just around 400 coins.

I want a tesla too, but I couldn't afford a second hand milk float with the amount of Bitcoins I have.

Tesla uses an intermediary company (Bitcoinkaupat.com) between itself and Bitpay to process Bitcoin payments, so they would have immediately got fiat for the car. It has overheads to pay so it can't speculate on the future price of Bitcoin. Wages and suppliers need paying.

https://news.bitcoin.com/e14000-tesla-bought-bitcoin-finland

 

He found out I got an electric car with BTC:

https://i.imgur.com/kX1F1Yh.png


...but as they say: someone always tries to go one better

14k tesla?oh that so many amount of luxsorious car,and i wish there will be bitcoin mark on that each tesla,or write the letter on tesla door "bought with BTC " ;D

indeed this is very historic just like the pizza event. no one would expect a huge car company will invest on digital currency like btc. some companies may follow later.

This is not the first time I've heard of this.. Hmmm... Search...

Someone bought a $100,000 Tesla with Bitcoins
December 12, 2013
http://money.cnn.com/2013/12/06/autos/tesla-bitcoin/

Interest rates are so low right now that it doesn't make sense to buy a car with cash. The smarter thing to do would be get a loan using bitcoins for the down payment, and then sell the rest of the bitcoins for euros and invest the euros.

BTW, it is not the first Tesla to be bought with bitcoins.
http://www.businessinsider.com/tesla-purchased-with-bitcoin-2013-12

looks like he just mined his first block and thats got to be the coolest gif ever

Yes but did they actually get paid in bitcoin or did they process it through a third party that allows customers to pay with bitcoins, while the seller receives fiat? There is a difference. 

Though this event is bound to rile up some publicity for bitcoin either way :)

What would be great, is if someone could create custom number plates, with the following " Sold4BTC " or " BTC RIP ? "
or some sticker in the rear window, saying " Bitcoin is Alive! " or " Bought with Bitcoin " I just want people to know that it was bought with Bitcoin.

Tesla is a great car, and I also want one. It would be great if they throw in a PowerWall too. ^smile^

the last person who bought a tesla with bitcoin did not end very well the story :) i would not buy such a expensive things whit bitcoin...

Except for the fact that the transaction immediately got converted to fiat.. Tesla can't just accept bitcoin for a car and put that on their books.

The board of the the company would not approve and at this moment that would be the same as speculating with company money. Which is ofcourse a big no no.

I heard someone's Tesla caught flames in Norway while being charged at a charging station.

wat happened

where did u hear this  :D

If only a Tesla actually cost 140K where I'm from.. I could probably get a Toyota at that price.

Oh yeah. I also heard that story. It is really unfortunate as it tarnishes Tesla's reputation.

What a terrible thing to happen. How did the car catch on fire?

the car caught fire or not , the person who purchased the car made a good purchase. if he things the car is worth whats there to stop him. try to live in the moment and enjoy things rather than thinking about way past. who knows that you will be alive by that time. ;)

Nice one :o, i suggest the dealer should carefully backup his wallet & protect it with private sec KEY.

Unfortunately the dealer did not actually receive bitcoin. They received fiat using BitPay. Though the buyer did purchase it using their bitcoin.

ah man what a waste!

I dont care how rich you are... buying a 140k car which loses
so much value every second and using bitcoin to do it is like a
double loss when bitcoin doubles at the halving.

Yeah, honestly I'll never understand why people waste money on brand new cars when they just depreciate!

If our main goal or achievement in life is to buy an expensive car with BTC, as I see many here would love it, well BTC really did not make us aware of the potential that's behind this amazing technology.
I'm here for the financial freedom I could gain one day when everything will be f****d up rather than perpetuating a system that cares only if I have a brande new iPhone, a brand new house and brand new car.

Please, come on

You have to spend your money on things that depreciate in value eventually. Otherwise, what good is the money?

These are the news that sadly bypass the mainstream media. If you see it's all negative press, the common person when it thinks of Bitcoin is just confused or relate it to something negative, either illegal drugs, terrorism, hackers, cyber heists, scams, etc. I can sort of understand it since that's all they usually get, hopefully things like this happen more frenquently and get properly covered.

Well, true. If you have enough disposable income to do that then I guess it makes sense.

Actually electricity batteries aren't that profitable yet, they will be in the future. I think it was a stupid purchase unless you are rich. I mean 140K in bitcoin, only in 5 years will be a massive fortune, let alone 10.
Not worth it for a fancy car.

Tesla has big plans for their car batteries.

Imagine having a good amount of solar power available on your roof, but during the day you are hardly using electricity, and in the evening, when you need it the most, your solar cells are not providing electricity.

Wouldn't it be great if you could tap into your cars batteries, which you charged for free at work, during the night for the power you need? An average, non bitcoin mining, household would probably use less than 10 kwh during that time, which you could easily tap from the cars reserves if you don't have to drive too far.

 ;D at 140k ... you can have this with a cool tuning box for set the curve of ... NOOOOOOOOOOOOOS !  :D

http://images.thecarconnection.com/lrg/acura-nsx-pikes-peak-racer_100470939_l.jpg

Yeah, sound like great news... and bad news as well... since the guy who sold the car will now have to dump all those bitcoins.

The company that sold the car used a service that converts bitcoins to fiat money at the moment of the transaction. Its possible that the user that bought the car had a lot of money (if not you don't buy a car that cost 140.000 dollars) and could bought another time some bitcoins.

Loads of new cars out there are driven with manufacturer problems and people do not even know it. As soon as these things are reported, it gets investigated and if it was attributed to the car, the manufacturer will recall the cars to be re-fitted with a replacement part. These things just happen.

It could also have been a problem with the charging station and not the car.  ::)

I always dream of some how getting my hands on lots of bitcoin and it always drifts into buying a car with bitcoin and getting around the banks. Due to the gangsters using car dealerships to move money around its hard to go in with a large sum of cash,so you are forced to deal with the banks.

Let's see...Finland is near Sweden and Sweden is where KnC Miner is. I think we have a winner, don't we Markus?  ::)

News like this motivate me more to save up any bitcoins coming my way:) I would love to use them to travel the world some day.

It is not the first Tesla that had been sold for Bitcoin. There was a Tesla sale for Bitcoin some time ago.
However it shows that Bitcoin is far away from being dead.Great for all of us. :)

Good for bitcoin in general that the word is getting out.... although it's not the first time a purchase like this is made with bitcoins.

If you think like that you can never spend your coins.. What if.. Just rebut tour coins if you are afraid of that.

Besides, electric cars are the future, not gas devouring v12 engines.

This sounds like great news, until you realize that they bought the Tesla with bitcoins through a payment processor. The Tesla dealer did not accept the

bitcoins directly as payment, but BitPay converted it to fiat and they received it in fiat. The day when Tesla announce that they accept Bitcoin payments

directly, I would jump for joy. Elon Musk must finish the HyperLoop and accept bitcoin as payment for tickets, then I would be satisfied.  ;D

What is the difference if they received the converted bitcoins to fiat via a payment processor like BitPay or bitcoins directly to their wallet? They will need to use an exchange anyways to convert to cash.

210k Lamborghini bought with Bitcoin 2 years ago

https://bitcointalk.org/index.php?topic=378936

How soon we forget....

How is it going to affect use of BTC anyways???

I have to say that is much more interesting than the Tesla, because it was earlier and because it was more expensive. By the way, thsis was "officially" 3 years ago ;) !

If you use have prices in fiat currency and you use a payment processor you know that you will receive the exact price in your fiat currency (you can request the fiat price and the payment processor ask the bitcoin user the price in bitcoins). If you use your wallet you will need to sell them on exchange (and you would receive more fiat or less depending on exchange actual rates).

Hahaha funny how people say btc is dead, then someone bought a car worth 140k in bitcoin.

IN YOUR FACE!!! Jamie Dimon and Mike Hearn.

This is a very good news for BTC!.. In the near future we will buy many things with BTC. Oh god!.. I can not wait to see...

All those stories are the kind of stories that make me wanna hold btc for at least 3 more years. I think that's a pretty fair time range, considering all the improvements that are being made on the blockchain technology.

Now I am waiting for someone to buy a yacht worth $500k in bitcoins.

Tesla's are maybe one of the worst because they have batteries which are highly flammable.

You can buy an island and mansion with bitcoin already, but the demand was low so until now i don't think anyone buy it yet :P
https://www.bitpremier.com/

This is Tesla who owned by Elon Musk right ?
I think he made the right decision by investing in Bitcoin, the price is pretty low when compared to the $400 we had few weeks ago ;)
I think his Business sense is tingling and told him to invest in Bitcoin :P

This don't surprise me at all that no one bought something yet. A lot of things are way overpriced !

Well the publicity is good, but have I missed something here? Didn't the car sales company use a 3rd party to pay them in Euros? If this is the case, then it just another sale of a car for Euros. If the company had accepted the Bitcoin directly, and used those coins to pay some of their costs, then that would be the real revolution.
 Many years ago Control Data Corporation sold a large mainframe computer to Russia. As Russia didn't have the money to pay for it, they swopped it for many millions of Christmas cards that they printed. CDC set up a company to sell these cards to recover their money, and no doubt made a nice extra profit from them. Howeveer, this deal didn't mean that Christmas cards were the new international currency.

Thanks for sharing this story.

This is great news for the crypto community. It will be even better news when we come to the day when this will not be big news and just a everyday happening!!!

Yes, but the car dealer gave the possibility to pay with bitcoins (i don't see any problem if they use a third part company to redeem bitcoins to fiat, if not they will do it in an exchange). Its publicity, as more dealers accept payment with bitcoins, more publicity about bitcoin as a payment system. If you read the forum a lot of users say that there are few stores that accept bitcoins, we need more stores that accept them as a payment.

Awsome. It is really cool, because of the low transaction fees. It would probably cost like 1% if it was bought with bank account, and even more if with credit card.

We need more news like this, more demand for bitcoin ,and more payment possibilities.

We need to show the sheeps that bitcoin is a currency , and it;s here to stay.