Following Tesla’s latest decision to halt the receipt of Bitcoin as payment for its electric cars, Elon Musk has come under intense fire across the global crypto community for wielding his strong market influence in a negative predatory manner.
Elon who broke the news via his personal Twitter handle cited high fossil energy concerns in the light of climate change as the principal reason for reversing Tesla’s bitcoin acceptance.
Saifedean Ammous – the famous author of the crypto bestseller, The Bitcoin Standard, took to Twitter in response to Elon’s tweet wasting no time to pronounce the Dogefather, a clueless hypocrite.
But Why?
For obvious reasons.
First off, Elon’s never been a shining example of the so-called climate change vanguards. He just can’t start today. His non-retail high-end SpaceX rockets most likely consume more fossil energy than Bitcoin mining and transaction does. There’s also a hundred-ton load of used Tesla lithium-ion battery daily adding to soaring emission levels due to the nature of the process for their recycling, but as it appears Elon’s probably virtue signaling and Bitcoin is his soft target.
In the end, Elon Musk’s Tesla and SpaceX may not be able to boast of the
Litecoin has reignited its long-running rivalry with XRP after taking another provocative jab at the…
Digital IP entertainment company IPX (formerly LINE FRIENDS) plans to introduce a ‘minicoin’ payment service…
Laurent Correia treats making money and keeping it as two separate skills. After years in…
Ripple is expanding the XRP Ledger’s (XRPL) reach into digital payments through a partnership with…
Solana is under fresh pressure after falling below the important $107 support level. Analysts have…
In the Wu Blockchain interview, Justin Sun shared his bold decision to sell 80%-90% of…