Shitcoin Digest: TeslaCoin (TES)

If you’re interested in buying cryptocurrency, I suggest Coinbase for the easiest transfers and they have more than just Bitcoin. If you click on the link to sign up, I get $10 after you deposit a total of $100. So please check out Coinbase.

TeslaCoin (TES)

This cryptocurrency uses proceeds, according to its website, to help grow sustainable energy usage. They have the goal of creating a crowdfunding system for these sustainable energy startups and projects and I can’t say saving Mother Earth is a bad thing. Aside from that, they are designed for peer to peer (P2P) transactions and from what I read on their website, I see no true plans to expand beyond personal use. They, like many others, seem to be riding the standard tide of the other market waves with the same ups and downs and the same percentages. Because of their lack of current acceptance, planned acceptance, or potential widespread acceptance in businesses; I am adding this to the maybe column for now.

NOTE: This piece was originally posted by Michael as an on- site page on TheMichaelBeebe.com while he was doing research into cryptocurrencies.

 

Disclaimer: Michael Beebe is not a financial advisor and all research is for his own purposes. He is simply sharing the research with the readers of this or other blogs and makes no claims to be an expert in finance or any forms of investment.