Trending
​
Top Tags

On Wednesday, March 24, Tesla made history in the crypto community when it announced that they now accept Bitcoin as payment for its top-level cars.

Now, however, Kim Dotcom is trying to persuade the world’s richest man that Bitcoin Cash is much fairer deal when it comes to payments.

Elon Musk agrees that BCH offers lower fees than BTC

Kim Dotcom, a German-Finnish entrepreneur and a political activist (also known as Kimble or Kim Tim Jim Vestor), has commented on Musk’s Wednesday’s tweet about opening a Bitcoin payment option on the Tesla website.

Dotcom pointed out that median transaction fees are much cheaper if you pay in Bitcoin Cash, rather than Bitcoin and suggested that Musk buys Soda with BTC. Kim Dotcom stated that BCH serves the mass market, unlike Bitcoin, which is only for the 1 percent of it.

Musk agreed to the point made by the entrepreneur.

Samson Mow, the CSO of Blockstream, reminded them both that Bitcoin payments via the Lightning network or Liquid Network may help in this case.

Bitcoin plunges despite the Tesla announcement

Curiously, despite yesterday’s announcement of Musk about Bitcoin and Tesla, the BTC exchange rate did not live up to bullish expectations. After rising about $3,000 (from the $53,000 zone to slightly over $57,000), the flagship cryptocurrency plunged overnight to the $52,500 area.

Earlier this year, Elon Musk announced that he had turned into a Bitcoin supporter and that Tesla allocated a whopping $1.5 billion into Bitcoin. Now, as the company is accepting BTC as payments, it also intends to hold the received BTC and not convert it into fiat.

Peter Schiff warns against buying Tesla with BTC

Vocal Bitcoin hater Peter Schiff has taken to Twitter to comment on another Tesla’s step towards embracing Bitcoin.

The CEO of Euro Pacific Capital and a gold bug, Schiff tweeted that in case Bitcoin plunges, the refund made by Tesla in Bitcoin would be lower in the USD – the ultimate count of sale, according to him.

Contributed by U.Today.

On By Admin

You may also like

How Crypto Works?

One of the key aspects of the chain is its immutability. It is not possible to alter or delete transactions.

Why Is Crypto Down? The Truth.

Cryptocurrencies have experienced a significant decline in value over the past year. There are several significant reasons why the market has experienced such a downturn. Let's take a look the truth on why crypto is down.

Kraft Heinz CEO says people must get used to higher food prices

The head of food manufacturer Kraft Heinz says people must get used to higher food prices. According to Kraft Heinz CEO Miguel Patricio, the company is “raising prices, where necessary, around the world.” His comments follow a spike in energy and raw material prices alongside supply chain issues around the globe – prompting companies to increase prices.

Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change

Now, in case someone is still confused, none of these institutions, and not a single of the erudite officials running them, give a rat's ass about the climate, about climate change risks, or about the fate of future generations of Americans (and certainly not about the rising water level sweeping away their massive waterfront mansions): if they did, total US debt and underfunded liabilities wouldn't be just shy of $160 trillion.
There is something wrong with Feed URL