Altcoins News
By James Thorp
1 / 11
It is true that Bitcoin mining consumes a lot of energy, but it also optimizes energy use and incentivizes renewable energy use.
2 / 11
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.
3 / 11
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.
4 / 11
He is also trying to create demand for DogeCoin artificially. One of his recent tweets read: "Do you want Tesla to accept Doge."
5 / 11
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…
6 / 11
Worthy recollecting, “Tesla chief Elon Musk agreed with Twitter boss Jack Dorsey, who has said that bitcoin "incentivizes" renewable energy, despite experts warning otherwise.”
7 / 11
Square Crypto previously stated: If Bitcoin needs anything, it’s more white papers.
8 / 11
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…
9 / 11
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.
10 / 11
It just looks like they are all in this together. Why on earth would someone flip flop every other second about Bitcoin.
11 / 11
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.
The Currency Analytics
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