Crypto Accepted as Payment for Elon Musk’s Flamethrower, No More ETH Giveaways


Elon Musk’s The Boring Company is now accepting payments of various cryptocurrencies to purchase its handheld flamethrower and accessories.

Buy a Flamethrower with Bitcoin or Ethereum from Elon Musk

The sub-heading above reads as crazy as one of Elon Musk’s tweets, but it’s entirely true. The product pages for Elon Musk’s The Boring Company have been updated to include cryptocurrency logo icons indicating that the likes of Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are accepted as forms of payment. This is alongside more traditional means like Visa, Mastercard, AMEX, and PayPal.

The Boring Company is an infrastructure and tunnel construction company founded by eccentric and controversial serial entrepreneur Elon Musk. Among the products it sells on its website includes a flamethrower and safety accessories such as gloves, propane tank refills, and in the case of an emergency situation, a 5lb fire extinguisher.

All proceeds of the sales of the currently on-sale, $500 flamethrower, will go toward funding digging tunnels to house Musk’s Hyperloop transportation system.

Musk is infatuated with many means of transportation, from underground tunnels running under Los Angeles, to energy-efficient self-driving Telsa motorcars, to his ambitious Space X project that could lead to the colonization of neighboring planet Mars. Musk also began designing a miniature submarine in an attempt to save 12 Thai boys who were trapped in a cave back in July.

Elon Musk Burning Bridges with SEC Via Twitter, What Will Scambots Do?

Musk first announced the Flamethrower via his Twitter soapbox back in December, a platform that has caused quite a stir for the Tesla and Space X founder. The quirky entrepreneur got himself into a world of trouble with the U.S. Securities and Exchange Commission (SEC) for tweeting in relation to his automobile manufacturing company Tesla.

His tweets forced Musk to have to settle with the SEC in court for $20 million in fines. The settlement also sees Musk stepping down as chairman of Tesla for three years, and includes a stipulation that all Elon Musk tweets must be reviewed and approved by a Musk-appointed lawyer.

With Musk muzzled on the popular social media platform, Twitter scambots that often pose as the Space X CEO to run their “ETH giveaway” scams might be out of luck.

In the scam, scammers pretend to be prominent figures across various industries in an attempt to steal user’s cryptocurrencies in a scheme that involves sending a specified amount of cryptocurrency to an address in return for a larger amount. Only the larger amount is never sent, and the scammers make off with investor’s assets.

After first praising the scambots for having “mad skills,” Musk hit his frustration limit and reached out to Dogecoin creator Jackson Palmer last month, imploring him to help keep the scam under control. However, now that Musk can no longer speak freely on Twitter, and with the public knowing that Musk’s tweets are filtered through a lawyer, the frequency of these scammers posing as Musk should diminish over the coming weeks – even if Musk does now have some extra crypto laying around from the sales of his flamethrower.

Featured image from Shutterstock.

READ  Ripple’s Website Gets Updated, RippleNet Showcased as Sole Payments Solution2 min read



Please enter your comment!
Please enter your name here