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RE: To buy or not to buy your next Tesla with Bitcoin ?

in Project HOPE4 years ago

BCH I think is used on this read.cash platform for payment, its doing well, for me its a shit coin though, but as of now I think it is functional with good volume to be accepted as payment.

Lots of options should be there actually, but this Tesla guy is hyping up Bitcoin with this move, his intention is not anabling crypto payments for those cars, its just create hype on bitcoin, that's all. Why he can accept payments in ADA, XML, any stable coin, ETH (ouch the fees), DCR (decreed), Atom why even HIVE right?

BTC is ok he can accept payments in BTC, its cool, no problem, but he is doing it as advertisement for Bitcoin that's all... he can advertise Doge coin also, accept it for payments why not?

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Dogecoin would be pretty good for smaller payments... But there is a big risk in using Dogecoin due to high volatility... Basically accepting payments in Dogecoin when its value is at or close to all-time-high, the seller has very big chance losing when the value starts going down closer to the equilibrium.