John McAfee indicted in connection with crytpo pump-and-dump scheme

Ok. Go buy a necessity with it.

Find anything listed on a CPI report that you can buy with it.

No problem, I'll pay someone who accepts Bitcoin at their business. Bam! Transaction done in less than a minute with no credit card or banking fees. And since the price of Bitcoin is rising right now I paid 10x less from the time I purchased the Bitcoin.

Eazy peezy...
 
Lol. What value? You can't buy anything with it until you exchange for real currency. And being as volatile as it is, makes for a pretty lousy store of value. You're probably referring to speculators holding for long periods of time. Guarantee they'll never use it at the gas pump or grocery store without exchanging for dollars first.

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And soon there will be a lot more.
Old timers like you will have a hard time figuring that out. Have a good day
 
the funny thing, we went through that ridiculous circle back in 2010, everyone accepting it etc... and boom game over!!!

not the first time Elton used bitcoins as a payment option for his Telsa, I think he did already back in 2012, and then a few months later that was dropped or never implemented

great marketing PR shit though that keeps you in the news :)
 
And I'll bet they immediately convert them to USD so they can pay their expenses.

Why would Elon musk who just got done buying billions in Bitcoin convert it into fiat when he already has billions more in fiat?

Your logic makes no sense...
 
Why would Elon musk who just got done buying billions in Bitcoin convert it into fiat when he already has billions more in fiat?

Your logic makes no sense...

The only reason not to is for speculating.

Is Tesla involved in the business of crypto speculation?
 
2. They think it helps to undermine the US dollar.

bingo...china loving this....watching USD get undermined by bitcoin like a dream for them. China does print trillions of their currency so that don't have nearly as much to worry about as the US

Only reason McAfee hasn't fled to Russia or china is covid
 
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