Post
Topic
Board Economics
Re: Tesla stops car purchases with Bitcoin
by
arallmuus
on 13/05/2021, 14:27:26 UTC
Your thoughts on this? Are cryptocurrencies, and, in particular, Bitcoin, that harming to the environment when compared to cash? Or is this just an excuse for screwing people over?

It wasnt really surprising. I've always thought that Elon / Tesla's love story with crypto is pretty much a one night stand instead of an everlasting love life. Tesla is even making alot more revenue from selling just 10% of their bitcoin holding compared with selling their cars for 1 year

Also regarding his concerns about energy issue, I quoted this from https://www.bbc.com/news/technology-56844813

Quote
Tesla chief Elon Musk has agreed with Twitter boss Jack Dorsey, who has said that bitcoin "incentivises" renewable energy, despite experts warning otherwise.

The cyrptocurrency's carbon footprint is as large of some of the world's biggest cities, studies suggest.

But Mr Dorsey claims that could change if bitcoin miners worked hand-in-hand with renewable energy firms.

Pretty amusing huh. He agreed with this statement and yet now he claimed otherwise while in fact probably an average of half large bitcoin mining operation uses renewable energy nowadays

Right now with all this BTC drama, he will get away even without the slap on the wrist but it come a day when his trolling will lead him into serious troubles.

I think he can get away with it. This guy has no chill and treat almost everything as a joke