09 Dec '13, 8pm

Auto dealer accepts Bitcoin payment for purchase of Tesla Model S

Auto dealer accepts Bitcoin payment for purchase of Tesla Model S

The value of a thing is what it will bring, or so says an old financial aphorism. It appears that the value of Bitcoins earlier in the month was such that 91.4 Bitcoins had the same value as a used Tesla Model S in Newport Beach, a quiet beach town midway between LA and San Diego in California. Bitcoins were an idea in 2008 that quickly learned to run when publicly issued in 2009. Now there are about 12 million Bitcoins in circulation, which have a total exchange value of over ten billion US dollars. While not considered legal tender by any nation currently, it appears that no government has declared Bitcoins to be illegal financial instruments, nor have they been subject to overly harsh regulation, although both the US and China are taking a serious look at regulations. It appears that the present "wait and see" approach being taken by the European Union is currently in c...

Full article: http://www.gizmag.com/tesla-model-s-bought-using-bitcoins...

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Man Buys $103K Tesla Model S With Bitcoin

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