Altcoins News
By Steven Anderson
1 / 12
Elon just blew up the conversation about solving energy problems by reinstating the importance of "renewable energy" in the 05/08 event at the Saturday Night Live Cast.
2 / 12
Everyone is screaming for usage, adoption, etcetera, but we are not sure what that means in the real world. Some alt projects like ADA make it clear that
3 / 12
However, Elon has also given the word of caution: "First of all, I think people should not invest their life savings in cryptocurrency. To be clear, I think that’s unwise.”
4 / 12
The word of caution is like a fine print statutory warning for those who care. The rest are those who are taken away by celebrity tweets, further making their decisions…
5 / 12
Elon Musk expressed, “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about the rapidly increasing use of fossil fuels for Bitcoin Mining and…
6 / 12
Cryptocurrency is a good idea on many levels, and we believe it has a promising future, but this cannot come at a significant cost to the environment.
7 / 12
So, “DogeCoin meets Elon Musk's criteria of <%1 the energy usage of bitcoin." So, this implies that Doge is energy efficient.
8 / 12
The Kilowatt-hours consumed per transaction for other crypto in mining: XRP – 0.0079; DogeCoin – 0.12; Cardano – 0.5479; Litecoin – 18.522; Bitcoin Cash – 18.957; Ethereum -62.
9 / 12
In response to the Kilowatt hour’s consumption, someone stated that PoS does not consume power for transaction.
10 / 12
It looks like the Elon Musk Propaganda is not going to end. Cryptocurrency is here to stay, and people like Elon can only manipulate the market, but cannot dump it with it’s…
11 / 12
Ultimately, DYOR – Do your own research.
12 / 12
It would be pretty terrible if $TSLA added $1.5B of Bitcoin to their treasury without even researching it first.
The Currency Analytics
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