I wonder what @elonmusk & @jack will think when they see what the world's largest software company (w/ the largest enterprise identity platform), has cooking for Summer 2019. Members of @W3C CCG /@DecentralizedID have done amazing work - it's time to strap a Falcon Heavy to it 🚀 https://t.co/0pdkXlwc3O
Did you listen to it? He says the quote I wrote in Verbatim. I wouldn’t ever use CoinDesk as factual reporting. It’s owned by DCG who owns Coinbase and many other PoW tokens. Listen to recording, he says what I quoted.... it’s also goes to show how CoinDesk (like every other news media) portrays their own biased view.
And Quote, “I think one of the downsides of crypto is, computationally, it’s quit energy intensive”. .... Ummmm, there is no other way to read that... that is his opinion as a business owner and why he thinks Tesla won’t use them.
As stated, PoW and energy consumption is its weakness... and will inhibit adoption. This is what many large corporations think.
That said, Musk also pointed out aspects of the industry that are keeping his companies from getting involved in using and applying the technology.
Speaking to the downsides of cryptocurrency, in the case of bitcoin for instance, he said he believes its use of a large computing network to secure its ledger is “computationally energy intensive.” He added that, for a company that aims to boost the adoption for sustainable energy, it may not be “a good use of Tesla’s resources to get involved in crypto.”
We all know its better transfer of value than paper money. I've known this for years now. He's late in the program! Get up with the times Elon, if you want to sell Teslas and send vacationers to the moon.
Except everyone here is hodling. If everyone hodls instead of spending, then what's the point of accepting? If most people don't use credit cards, then what's the incentive for a store to take a 3% fee for credit card using customers? Hodls preaching that spending Bitcoin is better than cash, but y'all using cash instead of btc.
* Not everyone here is hodling. We have to actually get that money to hodl, which means someone _else_ is spending. Once you're done getting bitcoins, then you _need_ to spend them.
* If merchants are [allowed to offer a "bitcoin discount", then they have an incentive to do so](https://en.wikipedia.org/wiki/Gresham%27s_law#Legal_tender_laws_and_related_conditions) and split the savings. Particularly for irreversible sales; groceries, admission, services, etc.
This asshat already has a hired team that ensures that at least one headline about either him or his companies stays at the top of /r/futurology - and they have a mod buried inside to ensure no one questions it.
If we could not start the same nonsense here that would be great.
Lighten up, a fkin Reddit page has not the power to influence the world and therefore is useless on such campaigns you talk about, and if there are editors out there who are supporting him it's because the man has earned it. Apple fans don't get paid, Football fans don't get paid. Actually they give away their time, money and risk their positions to validate their beliefs. Read a little about human psychology and move on.
So organically there has been a story at the top of Futurology praising Elon, SpaceX, or Tesla for YEARS with anyone who questions it ridiculed and downvoted? (Like you’re doing now)
Even after he went all childish with the diver comments, accounts was working overtime to bury that. No, that’s not organic. It smacks exactly like the informational warfare of the presidential campaigns went. Straight the fuck up astroturfing.
You know what uses a lot of energy? Cars, especially manufacturing them. Rockets use a lot of energy too. And last time I checked, you couldn't dig a tunnel without expending a fuckton of energy.
Elon is the most overrated celebrity of them all. He's never had a truly groundbreaking idea. He's just a kid who got lucky with PayPal and (to his credit) used it to do the stuff little boys like to do -- cars, rockets, digging tunnels, etc.