For several months now, the Brainsy team HAS been posting about the shortcomings of Bitcoin as it relates to massive energy usage and Tesla has been part of our messaging campaign. It seemed incongruent that a clean car company was stoking demand for the carbon-pumping "Model T" of cryptos. For anyo... more
For several months now, the Brainsy team HAS been posting about the shortcomings of Bitcoin as it relates to massive energy usage and Tesla has been part of our messaging campaign. It seemed incongruent that a clean car company was stoking demand for the carbon-pumping "Model T" of cryptos. For anyone doubting the negative impact of #dirtybitcoin on the planet, look here https://cbeci.org for the estimated power consumption (in real time) required for the bitcoin network.
That being said, we know that correlation does not equal causation. We're pretty certain that Elon Musk's conscience convinced him to stop allowing Tesla to accept bitcoin for car purchases. As he now puts it, bitcoin's energy usage “is insane” (his words).
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