Darker45
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October 12, 2020, 04:38:22 AM |
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Elon Musk is a fan of cryptocurrency what do we expect to have in his own factory? Of course this to share bitcoin or cryptocurrency or even I think when he will make the distribution of incentives could be withdrawn through that ATM machine. This process can make all things done fast and easy.
I'm not sure he is. The only thing I know is that Elon knows about it, or at least its existence. But I would definitely stop short in saying he is a crypto fan. Secondly, he is not the one putting it up there, probably not the one asking the installer to place one there either. So there's no point expecting the company to pay the factory's employees in crypto or in ways which make use of that single ATM. Frankly, Elon Musk is actually out of the picture in all this. It's just probably some crypto fanatics who made a big deal out of this. This is actually not news at all. The only couple of things that link this to Elon is that he owns Gigafactory and that the manager who approved the installation of the machine within its property is under his payroll. |
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DrG
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October 12, 2020, 05:38:15 AM |
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Nobody in the thread has thus far mentioned that Elon was fundamental to Paypal's success. Seeing as how for the mass public crypto can be used similar to Paypal (leaving all the mining, decentralization, POS/POW off the table), I think somebody knows Elon would be OK with it. Nevada is also one of the most pro-crypto states in the US, much more so than anti-crypto California just next door. I doubt the man behind Neuralink is not at least abreast of where major crypto projects are at the moment. Imagine a currency tied to your brain  |
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Fundamentals Of
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October 12, 2020, 01:16:44 PM |
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What can you make of this specially coming from Elon? Another sign bullish sign?
What do you mean by "coming from Elon"? The ATM is owned and installed by LibertyX ATM, which is not Elon's. LibertyX ATM is a separate company who also made a name by being the owner of the largest Bitcoin ATM network in the USA. We cannot conclude whether this means the factory's workers are into Bitcoin until we see how this single Bitcoin ATM operates in the next days and weeks. We will see whether there is really a demand coming from the people in Tesla's factory or not. I have a wild guess that this is intentionally installed by LibertyX ATM to somehow court Elon to join Bitcoin. Elon is not really a Bitcoin fan despite him being mentioned in the article owning a tiny amount of it. Having 0.25 BTC does not make him a fan. That was 2018 though when he tweeted about having 0.25 btc courtesy of his friend. A lot happened in crypto, and I think he has more than 0.25btc right now, but we will not know those details for sure. Definitely, Elon knows about the Bitcoin ATM installation in his place but to what extent he is into crypto, we have no idea. If nothing else, just another news that media can talk about and make a big deal out of it. I'm ok with that as it will gain curiosity among noncrypto users.  Was it in 2018? I'm not sure but I think it was in mid 2019. That's just last year. Months have passed and Elon had once again mentioned his 0.25 BTC when JK Rowling tried to know more about Bitcoin by asking about it on Twitter. That happened in the second quarter of this year. That means his Bitcoin didn't grow. In fact, he remained to have owned and bought zero Bitcoin. His Bitcoin is still the amount given to him by a friend. So I guess Elon does not really care much about investing in Bitcoin but he probably knows some pros and cons of Bitcoin as well as fiat. |
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romero121
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October 12, 2020, 01:51:32 PM |
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This isn't a big news or something positive for bitcoin. Maybe this news can be used as a source for speculation, because US is already filled with the majority of the Bitcoin ATMs. More than 90% of ATMs installed till date are in USA. If Elon or Tesla has made its own product and installed in its factory or supplied out of USA then this could've been a big news in the cryptospace.
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sheenshane
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October 12, 2020, 02:08:36 PM |
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This isn't a big news or something positive for bitcoin. Maybe this news can be used as a source for speculation, because US is already filled with the majority of the Bitcoin ATMs. More than 90% of ATMs installed till date are in USA. If Elon or Tesla has made its own product and installed in its factory or supplied out of USA then this could've been a big news in the cryptospace.
I tend to agree with this statement! The fact that Elon Musk accepted the proposal or the one who initiated to let the other company install a Bitcoin ATM on their Gigafactory, it really means something. There was a theory that Elon Musk is Satoshi Nakamoto but that's proven yet. The moment that Elon Musk founded the Paypal, he really is capable to found Bitcoin, as well. It's just that, as Bitcoin is a decentralized one. No one has to be identified as the operator or else the vision will be broken, IMO. The fact the Elon Musk also lets his people consider Bitcoin is something that is extraordinary. It means that Elon let his people take advantage of or take risk with it. But he has trust in it so it will be the first one. So, no surprise of this news but what ever the purpose is, still it's have a benefits to the Bitcoin. |
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Artemis3
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October 12, 2020, 03:13:19 PM |
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Yes, actually he and another guy wrote the paypal app. For the milenials, paypal was an app for a device that predates smartphones, called a "pda", which themselves were an evolution of pagers (text only messaging device).
So what paypal did was enable palm users to send money to each other using this app. This was bought by some larger company and that is how Elon make his initial fortune, which he decided to use to "advance humanity" rather to solely burn it for his own pleasure as most people do when they get rich.
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btc_angela (OP)
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February 12, 2021, 02:43:34 AM |
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Just bumping my thread here. Probably we can now connect the dots, and you will see the early replies and you'll be the judge.  And I will say that this is the time when Elon or Tesla group started to pour their money into BTC ecosystem. And the Bitcoin ATM was the first sign that they have join the bandwagon. |
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cryptomaniac_xxx
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February 12, 2021, 06:10:33 AM |
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Just bumping my thread here. Probably we can now connect the dots, and you will see the early replies and you'll be the judge. And I will say that this is the time when Elon or Tesla group started to pour their money into BTC ecosystem. And the Bitcoin ATM was the first sign that they have join the bandwagon. But you have to understand that time, we really don't know Elon Musk's next move. Maybe him allowing a bitcoin ATM at his Tesla's Gigafactory was a message to all of us. I for one believed that he own less 1 BTC and so as the others. But now that the we have completed the puzzle already and them divulging how much money they investment, everything ended in a good way. |
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CryptoChartIndex
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February 12, 2021, 06:37:17 AM |
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'Big Short' investor Michael Burry calls Tesla's $1.5 billion bet on Bitcoin a distraction - and says Dogecoin price record signals a massive bubble, As Bitcoin Price Near About to touch 50k USD. |
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Lorence.xD
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February 12, 2021, 06:38:30 AM |
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This isn't a big news or something positive for bitcoin. Maybe this news can be used as a source for speculation, because US is already filled with the majority of the Bitcoin ATMs. More than 90% of ATMs installed till date are in USA. If Elon or Tesla has made its own product and installed in its factory or supplied out of USA then this could've been a big news in the cryptospace.
If the media is going to eat it, no matter how small it is then it will be a big deal to bitcoin. This means that adoption in USA is going stronger because BTCATM's are popping up on factories, I never heard of an ATM in a factory but they had BTCATM. It is still a big deal though, we all know that USA has the biggest customer base with their population buying everything the capitalism offers and they are also the most sought after market in the world. |
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steampunkz
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February 12, 2021, 06:58:44 AM |
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'Big Short' investor Michael Burry calls Tesla's $1.5 billion bet on Bitcoin a distraction - and says Dogecoin price record signals a massive bubble, As Bitcoin Price Near About to touch 50k USD. I think he is still promoting Dogecoin in his Twitter post but As I can see there is no effect now on its price, it would be good if he will show some real doge coins like tesla investing in bitcoins, and all he does is tweet |
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ice18
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February 12, 2021, 07:13:34 AM |
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Elon is really popular now among crypto enthusiast from social media talking about btc and doge and today the bitcoin atm installed in Tesla factory but how they can use it if only few of his employees has a bitcoin? I will be much convince if Elon finally decided to use bitcoin as a salary to all of his Tesla employees, sounds good right?
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