Ripple triggered to have people think about how cryptocurrencies stack up in terms of sustainability. They have pointed to a Carbon Calculator facilitated by the XRPL.
The Carbon Calculator is an interactive tool. They have defined a methodology to assess the environmental impact of cryptocurrency. Worth checking in to the xrpl-sustainability-methodology-2020.pdf
They have tried to establish how XRP compares to other cryptocurrencies covering broader concepts like CO2 emissions, Gas consumption, and individual transactions on the blockchain.
This information is getting published at a time when one man is destroying the entire cryptocurrency market. XRP talks about it because they use almost no energy next to other energy-consuming cryptocurrencies like BTC and ETH.
Brad Garlinghouse expressed, let’s not overthink this. Few people have changed the world the way Elon Musk has. No doubt that BTC is here to stay – but denying there is a problem isn’t a path to solving it. Whether it’s through renewables or architectural changes, let’s keep moving on the solution.
Charles Larsen feels it is an incredible move by Elon Musk.
One of the users reported, Mr. Larsen, if it was so incredible, why buy $1.5 BILLION of them a few weeks ago. Is the BTC not green “new information.” it may be to an Eskimo but not to a man who wants to live on the moon. Why say this now is the Question. What Green Currency will he accept at Tesla?
However, community members feel it took Musk too long to realize this – after accepting it as a currency and investing in it. Many were like: Smart man has to think about it: Energy + Cost of transaction + Speed. Now it is not late. Let think more about it, chose.
XRP Holder: I was a Bitcoin miner myself; that’s how I got into crypto. But that made me realize the inherent limitations/inefficiencies and also made me realize Bitcoin is not the future.
Some are seriously doubting that Elon’s account has been hacked. The XRP community is like, “The BTC-ers will pull out their investment and transfer to XRP.”
However, all of this is obvious market manipulation. Just a Hustle. The world is indeed like “Follow the Leader.” However, when the leader is misguiding, horrible, and manipulative – people need to use their common sense—someone who spoils the entire market with one meme and the next destruction the rest.
It just looks like the big player never wanted small people to get rich.
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