Home Altcoins News Justin Sun of TRON (TRX) to Elon Musk on Green Energy Payment Solution – Twitter Announcements RIP

Justin Sun of TRON (TRX) to Elon Musk on Green Energy Payment Solution – Twitter Announcements RIP

Green Energy Payment

It is true that Bitcoin mining consumes a lot of energy, but it also optimizes energy use and incentivizes renewable energy use.  So the energy issues cited by Elon Musk and several others are more of a PR thing caused by the current mainstream narrative on the unsustainability of Bitcoin than actual fact.

There are still many who think that cryptocurrency has never been a good idea. “It’s only real use case is to hide monetary transactions for illegal activity. It sucks energy destroying the environment and has been nothing more than a big pump and dump scheme.”  However, it is important to be informed that such statements are not true.

Elon Musk has stated that Tesla is looking at other coins, which use less than 1% of Bitcoin.  He has also halted the use of Bitcoin for car purchases. The price of BTC has plunged.  It just looks like Elon is triggering FUD, thereby bringing the price down to buy all the BTC sold by panicky sellers.

He is also trying to create demand for DogeCoin artificially. One of his recent tweets read:  “Do you want Tesla to accept Doge.”

Meanwhile, Justin Sun, CEO of TRON, expressed:  “Hi, Elon Musk, if you really want an instant, stable, low fee and green energy payment solution for Tesla, your best choice is Tether_to on TRON. It has been used by tens of millions of people globally with over $10 B transaction volume per day.”

Worthy recollecting, “Tesla chief Elon Musk agreed with Twitter boss Jack Dorsey, who has said that bitcoin “incentivizes” renewable energy, despite experts warning otherwise.”

Square Crypto previously stated:  If Bitcoin needs anything, it’s more white papers.

Solar and wind produce cheaper energy than fossil fuels. This should make them ubiquitous, but they’re held back by an obvious flaw: they produce too much energy when demand is low and not enough when it’s high. Batteries could fix this but alone aren’t economical enough.

What can fix this problem is an ecosystem where solar/wind, batteries, and bitcoin mining co-exist to form a green grid that runs almost exclusively on renewable energy. Not only is this doable, but it is also doable without jeopardizing the sector’s profitability.

It just looks like they are all in this together.   Why on earth would someone flip flop every other second about Bitcoin.

Cameron Winklevoss stated:  “When Elon realizes that bitcoin mining is actually pushing the renewable energy industry forward, he will refresh position and #bitcoin will moon.”

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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