First pilot website of Tesla's BTC integration

[tyz]

Tesla is not letting any time pass and is already working on the pilot project for Bitcoin integration. https://pilot-bpay.tesla.com/login is the website for it. Looks like they use BTCPay Server for payments.

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[Dutchyyy]

Cool! I can't find any information is Tesla going to convert Bitcoin to Fiat or will it keep as crypto?

Kraken from the partner list gives it additional credibility. Kraken is one of the few exchanges (with Binance and few others) that have a real accountability over the private key in their internal network.

[Hydrogen]

Nice find!

It could be difficult for others not to hop on the cryptocurrency bandwagon if tesla reaps record profits from the inclusion of BTC support.

Imagine if tesla can boost sales 20% of more simply by adding crypto support. It would represent massive gains at the tiny expense of trivial website and accounting tweaks. Other auto retailers like toyota, ford, chrysler could jump on the bandwagon to see if they can achieve similar results. As may others in different industries.

If such an event occurred BTC price could surge yet higher than $50k.

I wonder how this will turn out. There a chance BTC short sellers could get smashed if they're still in the market when tesla's results of this experiment become known.

[ranochigo]

Cool! I can't find any information is Tesla going to convert Bitcoin to Fiat or will it keep as crypto?

They mentioned that they may or may not convert the Bitcoins into fiat in their filing so it's quite ambiguous and I would imagine that it depends largely on the market outlook.

That's a nice find OP, not sure why they opened that to the internet though.

[mk4]

Is it just me or am I the only one who felt relief when THANK GOD THEY ENDED UP WITH BTCPAYSERVER AND NOT THE MONSTROSITY THAT'S FREAKIN BITPAY. After Elon pump the crap out of DOGE, I have a bit more respect for him and his team now.

[tyz]

Nice find!

Thanks, it catched my eyes while observing some big companies for crypto-related subdomains. If someone is interested how to do, you can use a simple VPS ($5 a month) and use Amass [1] tool which I integrated into a bash script which informs me by email when a big cooperation uses a subdomain with some terms like "Bitcoin", "BTC", etc.

[1] https://github.com/OWASP/Amass

[hatshepsut93]

Is it just me or am I the only one who felt relief when THANK GOD THEY ENDED UP WITH BTCPAYSERVER AND NOT THE MONSTROSITY THAT'S FREAKIN BITPAY. After Elon pump the crap out of DOGE, I have a bit more respect for him and his team now.

I didn't feel relief, I just got slightly and pleasantly surprised that they decided to use Bitcoin how it was supposed to be used, because I didn't have such worry. I guess I subconsciously assumed that Tesla will be receiving Bitcoin directly, because they won't have to accept transactions frequently, so fees and volatility shouldn't be a problem.

[xceltokenplus]

The main goal, for this first pilot key documentation was prepared. As we are conducting the teaching and learning process through the net by using an e-assessment system which will collect biometric data, several documents from the legal and ethical point of view have to be implemented to be sure that european but also national rules are followed in the pilot. On the one hand, in this sense, each institution participating in TeSLA pilot have signed an ethical approval assuring the main ethical principles in their institutions.

[Lucius]

Musk is smart. You buy a car now with BTC and you could buy 3 or more cars in the future for the same BTC amount. The early BTC payment adopters were even smarter.

An interesting observation, and that’s why I have to ask myself how many people will actually buy a car in a way that they will pay for it with Bitcoin? Ever since I've been on this forum, people have been speculating about whether to spend BTC or keep it until it reaches a certain value. Those two 10 000 BTC pizzas from 2010 today have become arguably the most expensive food in history

Everyone who has ever bought something for BTC, today is surely thinking about how much their purchase is worth today - and if you did it just a little less than 1 year ago, the difference is as much as 10 times. Buying a car for BTC will not be a favorite move for many, especially for those who dream that 1 BTC will one day be worth $ x000 000 - which does not seem like an impossible mission at the moment.

[Wenbing]

There is one feature of the CEO of Tesla, Elon Musk i like so much. It his mastery of EXECUTION. once he said he want to do anything, he does it without wasting time.

This website will add to the already existing narrative surrounding tesla, musk and btcoin rise. I see this would further incrise the price of btc from $50k to a new ATH

Musk is smart. You buy a car now with BTC and you could buy 3 or more cars in the future for the same BTC amount. The early BTC payment adopters were even smarter.

An interesting observation, and that’s why I have to ask myself how many people will actually buy a car in a way that they will pay for it with Bitcoin? Ever since I've been on this forum, people have been speculating about whether to spend BTC or keep it until it reaches a certain value. Those two 10 000 BTC pizzas from 2010 today have become arguably the most expensive food in history

Everyone who has ever bought something for BTC, today is surely thinking about how much their purchase is worth today - and if you did it just a little less than 1 year ago, the difference is as much as 10 times. Buying a car for BTC will not be a favorite move for many, especially for those who dream that 1 BTC will one day be worth $ x000 000 - which does not seem like an impossible mission at the moment.

All money must be spent. I know income has the following components;

yd=C+S+I, which is disposable income equals consumption, savings and investment. But, the truth is that; Yd=C; because saving will eventually become investment and investment would eventually become consumption.

It depends on how you choose to spend your btc yield, to many people it is to use it on luxurous lifestyle. I see many people would end up buying Tesla car because it is one of the coolest toy to have.



[moderator's note: consecutive posts merged]

[bitmover]

Edit:

just found this

https://twitter.com/BtcpayServer/status/1359581738629034019

An interesting observation, and that’s why I have to ask myself how many people will actually buy a car in a way that they will pay for it with Bitcoin? Ever since I've been on this forum, people have been speculating about whether to spend BTC or keep it until it reaches a certain value. Those two 10 000 BTC pizzas from 2010 today have become arguably the most expensive food in history

I share the same thoughts. Personally I would like to have a couple more BTC, I am still accumulating. But it is getting harder and harder to accumulate.

especially for those who dream that 1 BTC will one day be worth $ x000 000 - which does not seem like an impossible mission at the moment.

Iagree that it doesn't look impossible now. The problem is that everyone is very brave in a bull run. This is dangerous, and when we should be extra cautious.

I dont like warren buffet a lot, but this is a nice quote:


Although I do think I will reduce my gains, I think it is wise to cash out some small profits (about 1% every 100%, or at least 1 to 10% every 1000% gains).

If you cash out 10% when you get 1000% gains, you will have remove all your initial investment. This might have a potential phycological effect, which will help you hold your BTC later on in a crash or in a 100000% scenario.

Those cash outs can be also some products like some gift cards over the years, small payments, a tesla car, and so on.

I have cashed out very little so far. I am trying to buy products instead of selling for fiat... I think I will buy some gold too.

Is it just me or am I the only one who felt relief when THANK GOD THEY ENDED UP WITH BTCPAYSERVER AND NOT THE MONSTROSITY THAT'S FREAKIN BITPAY. After Elon pump the crap out of DOGE, I have a bit more respect for him and his team now.

Certainly, Bitpay would ruin not only tesla reputation, but bitcoin's as well.

I tried to use bitpay once, I had so many problems and the prices were much higher (here in Brazil) that I just  withdrawal my btc from there and gave up using it.

[chaoscoinz]

Tesla is not letting any time pass and is already working on the pilot project for Bitcoin integration. https://pilot-bpay.tesla.com/login is the website for it. Looks like they use BTCPay Server for payments.

Sweet, the real question is can someone please bother to explain the Model3 Tesla token to me? I'm still trying to make sense of it all, I mean there's several tesla assets on the https://www.Coinmarketcap.com aggregated index. I understand the token is the actual price of the car, but how does it work exactly? Owners get 1 Model3 Token or something? I can't really get an accurate answer, Iv'e been watching youtube videos and reading articles to make sense of it all.
  One thing I do know for sure,  Musk is going in balls deep with 1.5 billion invested. Tesla is about to become Weyland-Yutani corp 

[bitmover]

Sweet, the real question is can someone please bother to explain the Model3 Tesla token to me? I'm still trying to make sense of it all, I mean there's several tesla assets on the https://www.Coinmarketcap.com aggregated index. I understand the token is the actual price of the car, but how does it work exactly? Owners get 1 Model3 Token or something? I can't really get an accurate answer, Iv'e been watching youtube videos and reading articles to make sense of it all.
  One thing I do know for sure,  Musk is going in balls deep with 1.5 billion invested. Tesla is about to become Weyland-Yutani corp  

This makes no sense. It is just a joke from coinmarketcap. You can see here they have no marketdata for it.

Personally, I don't like those jokes because they may lead to misinformation.

This is a false token, which has the same value of the eletric car MODEL3 from tesla

A crypto data and analytics platform CoinMarketCap has added Tesla to a list of coins. Although at the top of the list, it’s not an actual coin that can be traded.

What Happened: The move is merely a recognition of the impact of the recent Tesla Inc (NASDAQ: TSLA) announcement of $1.5 billion investment in Bitcoin, the company says.

https://finance.yahoo.com/news/crypto-data-provider-coinmarketcap-adds-000110120.html

[tyz]

Just re-rechecked, the site seems to be offline Could have been a short-term test with no intention of being discovered by the public. Just made another scan and couldn't find another domain that points to BTC for now.