arsenal21

My apologies, you are right. Did this change at some point in the past?

With 5 and 3 you can pay less tax, if one partner is earning more than the other, as the 3 gets the tax credit for both and 5 has no tax credit.    I am not a financial advisor, if you want professional advice ask some of the professionals on here.

  It's a solution in need of a problem I don't have. If I want my cash I'm happy going to the hole in the wall or the bank around the corner, rather than flying to Panama or Cayman Islands.   But my point is that bitcoin is one-factor authentication, which people don't even rely on for their Facebook accounts nowadays. Banks provide 2-factor authentication e.g. card and pin. 

  No, I don't necessarily trust my future memory. What if I don't write down the bitcoin key, get a bang on the head and lose my memory? Unless I have the key written down somewhere, then the access is gone. If the key is written down somewhere, then someone can steal it. 

  This is why I personally don't like crypto. If I lose my bank card, forget my pin and online password and bank account number, then I can go into the bank and show them my passport and utility bill or whatever and they can issue me a new card or pin or whatever else I forgot or lost.   Whereas with crypto if you lose or forget the key or password, it's gone for good.   So I trust a regulated bank as a central authority more than I trust a crypto or exchange or even my own memory.

  Sounds like somebody is shopping for government subsidies to build a factory. This may explain the bitcoin u-turn. The lustre may be beginning to wear off though.

  We all come into this world with nothing. Anything after that is pure profit. ;-)

  You haven't done your research Mike. Volkswagen is already in the insurance business. In fact, it's the biggest motor insurer in Germany.   https://de.m.wikipedia.org/wiki/Volkswagen_Versicherungsdienst   VW already makes a lot of money from finance. In fact VW Financial Services has revenue and profit several times the size of Tesla's entire revenue. Tesla has a plan to sell insurance, but its competitive advantage is minimal and so far it has made inroads only in California, where it's not even an insurer, but a broker.   And another way VW make money from finance is leasing - typically selling to a subsidiary company which leases the cars, which could explain the sales figures above.   And of course they're not just going to sit there and watch Tesla come up with business ideas and do nothing so they also have a subsidiary that offers ride sharing in Berlin.   Sure there is also money in games and entertainment but there are also market incumbents with deep pockets who will also want a piece of the action. 

You are resident in Ireland for tax purposes if you are there for 183 days or more in the year, so as I understand it if you move after July 2nd (or whatever the 182nd day is) then your tax residency in should not begin until 2022. I'm not a finance professional either so you should check with revenue.ie.

  It's not Musk buying on his own account, it's Tesla that has used almost 8% of its available cash to buy bitcoin. It's a material risk for the company.

  You are falling into the same stupid trap that all "professional" investors are: relying on metrics that only apply to stable currencies. Those metrics show their weakness in currencies with exponential potential. Worst, you are completely skipping the proper analysis to make for Crypto: technology, process, disruption. :lol:

I don't think there is any point in trying to ban it because crypto is fundamentally an idea.   One big gripe I'd have with bitcoin though is that the underlying computational problem is the equivalent of a sudoku or a rubik's cube i.e. it's just a puzzle. If they could formulate problems like analysing cancer cells or unsolved mathematical theorems to be solved then there would be some tangible benefit from all that computing power.   I think regulation will eventually have to happen in that people will have to identify themselves to use the service and 'anonymous' bitcoins will be sanctioned. So if the US government says to Tesla, ok you can accept whatever currency or crypto you like as long as you can identify who is giving it to you, then that makes it much less of a wild west.