Taking down the ship to kill the captain. Pretty much when you insult yourself in order to insult someone else.
He took dogecoin down with him
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What’s story of dogecoin?
He made it as a joke because he saw the internet tabs on google spell out DogeCoin (from Doge and CoinMarketCap). He thought it was funny, 2 hours later Dogecoin was born.
So it's that easy to create a crypto?
Yes but from what I understand he basically copied existing code
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It's Litecoin with a different name and a larger supply. Which is to say it's pretty much bitcoin
The way you phrased that response I think saying “no, ...” would have been more appropriate. It is not easy to “make a new cryptocurrency” but if you copy an existing one then, sure, it’s easy.
Edit: since this has lead to a lot of arguing I want to clarify my point. You can use the phrase “make a cryptocurrency” to describe two hugely different acts. One is: designing and implementing a very complex software solution from scratch (or at least mostly from scratch). The other is: clone an existing code repository and rename it. Both of these actions result in a new cryptocurrency and can be described by the same phrase.
My point is, there should be more clarity when describing one or the other so that we don’t confuse people who don’t know.
It is hard to make a crypto currency from scratch.
It is easy to fork from an existing repository and rename it.
Forked is the correct term
Creating a cryptocurrency is easy. There are thousands of them. Convincing people to trade and use your cryptocurrency is hard.
Dogecoin is just a fork of Litecoin. Creating a crypto from scratch is a lot harder than simply copying someone elses code and tweaking it slightly.
Making a unique crypto that isn't copy pasted is very hard but ya there is a lot of copy pasted bullshit
most cryptocurrencies are made from copying bitcoin's code.
mostallThere is a new cryptocurrency made every hour on average. They’re incredibly easy to reproduce. There’s thousands upon thousands of junk coins out there.
r/cryptomoonshots is basically where people shill their own crapcoin or sacrifice a goat that the worthless coin they invested in will suddenly explode in value for no logical reason.
The first one wasn't, but since all cryptos are opened sourced it really easy to make a new one
Yes, that's why so many meme and scam coins exist. It's important if you're investing in crypto to put money into projects that push the needle and actually improve on the technology.
No different than you creating a million paper bills and selling them to people on the street, promising its value will go up.
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Ok look I'm not one of those ppl who are gonna say "put everything in doge" or hype it like it's gonna be the next Bitcoin but I made in the realm of 10k last year trading it. Any given currency is speculation based, plus a lot of the community just enjoys the meme. I don't like Elon Musk very much but it's not really fair to talk about it like anyone who buys it is a moron.
Right? People can joke and make these memes all they want, but a lot of us made a stupid amount of money for no reason at all.
Like yeah, it dropped from $0.79 to $0.50 in one weekend, but I bought it at $0.04 only three months ago.
Laugh all you want, but I’m still up over 1200%. It’s the best joke I’ve ever heard.
Similar boat, sold half my Doge before the SNL event bc that's usually when the whales take a dump, bought back in at .44 and now I'm already up another 14 percent.
I bought 5 dollars of it as a joke years ago and got 200 dollars out of it (and it could have been more). That was a nice surprise.
For sure you can make a ton of money on it but at the end of the day you're still making money off dumb people because somebody is buying it at a higher price where Dogecoin has no backing behind it. Eventually it'll all collapse unless it finds real world use.
They're concerned with who is holding the bag, not people like you
I think this is what people dont understand. even if its a joke if you bought anytime before may 4th at this point you would have made money... That was only 10 days ago.
Value is whatever a large amount of people are willing to give to it and right now people are valuing doge coin. Its the same sense as gold... gold has its uses but the price does not justify the cash value/supply besides "its shiny." Similar to diamond.
Can I use dogecoin to buy goods and services at a significant number of places, now that it has existed for several years? The answer is no. So it's not a currency in the practical sense of the word. It's just the digital version of tulip mania. It's moronic.
It’s just a fork of litecoin with a funny name
Dogecoin <- lucky coin <- lite coin apparently
Edit: had Bitcoin at the end, that was wrong.
Sorry, idk if anyone tossed this in. It's also important to note that part of the purpose of creating it was because they actually believe in crypto, however, they made it worthless because they believed the money and instant profit from Bitcoin was negative and a draw for scammers and terrible mentality/community.
So one of the core principles of doge coin is to be a positive role model that avoids the scammers and so fourth. The creator is actually a very positive individual and incredibly humble. He'd probably happy to delete his Twitter if he ever saw the dogecoin community become a negative environment.
It's terrifying that people would throw money at something they know nothing about.
Not saying the top comment is one of those people, I'm just saying in general it explains a lot.
I thought when I was researching all this back in 2017 when I was into it that I knew absolutely nothing, it was hard to wrap my head around the block chain and exactly how mining worked and shit, but I got a basic idea that allowed me to play around a bit, long story short though my bank fucked me and didn't allow me to buy on coinbase during the 2017 btc dip, was so pissed I took all my money out of my bank the next day and abandoned crypto except as a hobby to look at. Tbh, I've never been too comfortable with how volatile it is, and I believe in crypto first and foremost as a way to put the power of currency back into the hands of the people, so I decided I didn't want to invest in it and be part of the issue causing these huge dips and rises. But I digress, turns out I knew way more than 99% of other people. For example, almost every dude on my snapchat story for a week had this "btc mining app" installed on their phone and were trying to get people to sign up, because in their minds btc mining was tapping on a screen until little coins appeared, like a fremium mobile game. Of course I'm sure the app was just designed to get stupid people to dedicate their phones cpu to someone's actual mining set up. There's also dogecoin, which I've heard people say is the future because "it connects to young people, so it'll be popular!", hence the term memecoin, because just like a meme it's popularity is strong but fleeting, but bring up how it has an infinite supply and I'd backed by no credible source except Elon musk (and we see how that just went) and they just don't understand.
Mainstream crypto is a cancer, because the tech behind it is too complicated to just jump in on day one, but a ton of people do that then don't understand why the price can fluctuate +/- 10k in a day, or why their favorite billionaire is now getting rid of crypto for environmental reasons.
"It's a coin with a dog on it, bro"
but have you thought of the E N V I R O N M E N T?
No what's that?
It has been moved outside the environment.
a thousand tons of crude oil
no no, it's beyond the environment it's not a part of it
The front fell off.
Can you explain how the front fell off
Lol right. Everyone is trying so hard to look considerate and ask "smart questions" it's pretty annoying sometimes.
It's generally a valid question to ask tho
Yes, but not for obvious meme coins. Who ever thought dogecoin's creator would sit down and think about environmental impact is a complete moron. He probably didn't even think his coin would get to this point in a million years.
Quite literally a meme currency.
Millionaires are being made right now. Bankruptcies and suicides later.
I want a million :(
Coin dog. The dog with the coin on it.
Put the coin on the dog.
A drawing of a coin with a dog on it
You gotta love the honesty.
did anyone truly see Dogecoin as a viable crypto currency? I don't know much about crypto in general, but I found out right away that
dogecoin was created as a joke coin; and
dogecoin generates 10,000 new coins per minute. I don't know why anyone buts these ever... why not just mine then? How would you evejr off load a ton of them when they are so easy to mine? (unless you generate a bunch of hype and get new players excited and want to buy in as the easy way to get rich quick)
edit: I got a lot of replies that "its not that easy to mine dogecoin", I get it. but people are mining it despite the cost to do so. but my point stands. the only reason Doge went above pennies is because of social media hype and Elon enforcement. The only reason that hype isnt gone is because those who bought at $0.70 want someone else to buy at $0.80 so they are pumping
10 000 / minute is just as fine as mining any other flat rate. It just means that dogecoins are cheap enough that you don't use tiny fractions of one to do transactions.
It's an increasingly inflationary joke currency, please, please be careful putting any money into it (which is honestly insane to me given how easy it is to mine).
if it adds 10,000 every minute then it is decreasingly inflationary. the next 10,000 is a smaller percent increase than the last 10,000
How does it get to be increasingly inflationary or cheap to mine at a flat release rate? From out here it seems like there's an applicable part of Connecticut Yankee in King Arthur's Court…
I don't own any crypto, btw.
It's
deflationaryinflation rate is decreasing year over year compared to a variable inflation rate like we have. Every year the exact same amount is mined. This means the total dogecoin goes up and the percentage of new dogecoin goes down.Edit: Changed deflationary to more accurately reflect what I meant.
I saw a post somewhere that it's actually inflating slower than the USD right now
It is inflationary, but it is fixed inflation. You can know exactly how many coins there will be next week, next year, and 100 years from now. This is not necessarily bad. Fiat varies depending on a variety of factors.
r/confidentlyincorrect
The second derivative of the supply is 0, so it is actually decreasingly inflationary.
You might not use tiny fractions of one, but it has the opposite issue where you need to use an absurd amount
The absolute value of a "unit" is irrelevant when it's digital, isn't it? Whether someone considers the fundamental unit of BTC to be one bitcoin or a millibit, you can buy/sell as few or as many as you want, can't you?
It was never viable but it’s made me £23,000 so I ain’t fucking complaining
respect. I got burned on GME so didn't risk it on Doge
In hindsight the better choice. Dogecoin like all other things like that can only make money on the expense of others. If he made 23k then down the line some other people will have to lose the same.
Respect for being honest, there’s a ton of ppl out there pretending like nobody other than hedge funds got hurt by GME
I still can't wrap my head around how computation cycles became anything resembling "real currency" in the first place.
But I don’t have to pay it
You gotta love that by “took down” OP should say: went up 35% in the next few hours and still rising
No one said it's a serious coin so he doesn't have to bullshit anyone because from the start it supposed to be low effort fun coin.
People who are actually involves in doge know its not a real crypto. It has none of the inherent protections of a true crypto currency. Its literally a meme that got shoehorned into a pump and dump scheme. Its the fucking bagholding olympics the only way to win is to quit.
The resources required to make tesla batteries are far more destructive than dogecoin could ever be, never mind that the cobalt likely came from a child slave mine in China.
Are you joking. Even with the child slavery the reductions in fossil fuels is incredible compared to the amount of gas a normal ICE car burns.
Fuck I fill up my 16 gallon gas tank every two weeks. That’s 400 some gallons every single year worth of carbon burned up and shot right into the sky.
People have no idea the disgusting amount of carbon our lifestyles require
( ͡° ͜ʖ ͡°)
Preferably people drive less and cities are rebuilt to make walking and cycling the priority transport. Then access to public transport like buses and tubes/trains. And lastly cars and HGV.
Elon Musk quite famously hates buses and trains, and want to encourage continuing the heavy usage of cars over public transport.
It's a major manufacturer. Are you expecting anything alse at this point?
Invest all my life savings in doge is what you are saying...
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How did it end up like this
It was only a kiss
IT WAS ONLY A KISS
Now I'm falling asleep
The true value is how much one values a good joke. There will forever be someone who wants this meme coin: Will it drop, probably, how far, no one knows. People still collect sea shells and roman coins.
Man seriously so much this! Thinking about it - anything collectible - digital or physical all hold the value the use gives it. Think about Steam cards. Hell I’ve made a killing on Steam with those cards. Dogecoin is really no different, and carries the weight of THE meme coin.
It's finishing that way too
The joke put $250k into my bank. I’ll take jokes like this every day.
Yeah, and it's awesome that a whole bunch of dudes were able to get life changing money out of a meme coin, but dogecoin is one of the worst cryptocurrency coins to actually invest in long term. I made some booze money off of it short term, but the people who made money like you invested like $100 years ago, or have been mining the entire time and got lucky.
I will also take jokes like this all day long, I think it's amazing, but people getting rich in dogecoin was like buying a lottery ticket 5 years ago, and see there was a missing ticket that won and you happened to find it in your desk drawer.
I lost $250k but I wouldn’t hesitate to do it again for the laughs and gags.
Price is back up to over 50 cents as of now.
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Yeah I mean I get what you're saying but it doesn't seem like the joke is over quite yet, no telling when that'll happen and what ends up being the ceiling so as of now I'm going to put a second mortgage on the house and go all in.
Yeah the only thing about doge is that people got into it to make quick money and pump and dump others. But there are too many that somehow believe this inflationary coin will be something more than a steaming pile of shit
What price are you selling at and why do you think it will be lower than the prices everyone else decides to sell at?
Do all cryptocurrencies spend the same amount of resources or are there more efficient ones?
it's a very complex question; the answer is no: not all they consume the same amount; some of them are considered at carbon negative impact like ALGO.
For the 2nd biggest one (ETH) is imminent a switch from a mining process that consumes a lot of power to one different process that requires very little power involved
What does it do, suck carbon out of the atmosphere?
The foundation that is handling the initial minted coins invested part of the coins into carbon capture thus removing more CO2 from the air than is calculate to be added by the minimal energy waste by the nodes.
Ah, so nothing inherent to the coin itself, just a business being ethical for once lol
Probably uses less carbon than traditional money is what they meant.
I can’t verify. Just a guess.
Proof of stake instead of proof of work. So it relies on people with a significant stake of Etherium to all agree on what the blockchain says. Step out of line and the other ones ignore you and your money evaporates.
Problem with Proof-of-stake is that mining rewards are a lottery where the wealthiest have more tickets.
Proof-of-work is much more fair.
The bigger problem is that proof of stake doesnt even work; its an older idea from the 80's and it never got off the ground because it doesnt solve the problem.
in proof of work, the wealthiest have the biggest mining rigs anyway
But anyone can join to mine at any time, only needed to invent a better way to mine or otherwise contribute work with what they have.
Proof of Stake is exclusionary to new entrants who do not already have currency to stake.
“Imminent” like 2022 as they say on their website
Eth is switching to Proof of Stake, aka "I have money so I will now make more money" aka digital aristocracy.
The system will function but it is just digitizing the oppressive existing patterns & will cement families in abundance. Albeit while adding value, so an improvement over current aristocracy.
Proof of Work is value derived from the laws of physics. It using a lot of energy is a feature. We should, as a civilization, be optimizing our power grid as a response -- more nuclear energy for baseload, more solar energy for variable day load, and a decommissioning of all fossil fuel plants begining with massive taxation on fossils fuels to make them financially noncompetitive with nuclear.
Instead, the lazy, greedy asses in charge are feeding you people with progandanda to try & stop something that challenges their power.
Either way wasting energy is a dumb way to design a system. You don't intentionally build machines to be inefficient, why build a currency that way?
Bitcoin's PoW blockchain tech is the only existing solution to the Byzantine Generals' problem in decentralized networks.
That isn't even remotely a waste of energy.
Some use basically 0 energy because they either don't use proof of work like Bitcoin/Eth/etc. and use something like proof of stake (Cardano) or proof of space (Chia), or because they only do proof of work at the time of the transaction, like Nano.
Chia uses a ton of energy as implemented right now, it is neither passive nor as easy on the system as advertised.
Not sure why, I have yet to look into the technical details. But it does use a lot of energy to secure the network still. And eats consumer grade storage drives for breakfast.
Also worth noting that ETH is becoming ETH2 within the next year or two and moving to proof of stake
Cardano is the way.
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Not a simple answer but yes there are much better coins than btc for energy
Why does crypto use so much resources? I didn’t know this
Lots of people have an account in a bank, the bank is a centralized authority that knows how much money these accounts have. You have to trust that the bank isn't going to steal your money and run away.
Crypto tries to do away with the centralized authority, so you don't have to trust anyone.
This means that there must be SOME WAY to prove that you actually have money. Since it's all virtual, it can all be faked, so a way they came up with to counter that is to require so much processing power to fake a transaction that it isn't feasible to try to manipulate the system and give yourself infinite money.
It's working exactly as intended. In order to game the system you'll need to use as much electricity as argentina. The whole argentina.
So what you're saying is.. Argentina can game bitcoin? They're gonna be rich in 3 easy steps!
Chileans hate this one simple trick to restore national economy!!
Attention Citizens: Next Week is "National No Power Week".
Everyone buy some condoms, take some time off work and charge your phones while we in the government "work on our mining economy".
Also, no taxes this year.
I can't know if that was originally intentional but from what I understand the idea was everyone gets a copy of the blockchain which effectively crowd sources the verification. Since so many people have a copy that can be verified any fakeed blockchain won't match and will be scrapped.
A little more indepth on how it works:
Cryptocurrency is really just a public ledger. It uses cryptographic hash functions as a way to show proof of work for each block of the ledger. Every user has a copy of this ledger, and uses the one with the most computational work.
Miners listen for transactions, and then create a block (list of transactions) that has a sufficient amount of computational work, then it's broadcasted. They are rewarded with a new small amount of the currency that is brought into the economy. Also you should note that each block has a signature that proves this work and also includes the hash of the previous signature. Changing anything in the block would result in a different signature, which results in a different hashes on newer blocks. They are connected and this is why it's called a "Block Chain"
(Miners listen for transactions, while users listen for the block chain)
Making a fraudulent blocks is basically impossible as you would have to do the computational work that comes after the fraudulent block in the chain. This is because everyone is broadcasting their version of the block chain to others and if there are conflicting chains, then users use the one with the most computational work. You are also competing with many other miners on the network, so it becomes impossible to uphold a fraudulent version of the blockchain.
Oversimplified version: lots of computers are doing a lot of math to mine crypto. To do sou you need a lot of electricity and computer parts.
A reason why this whole crypto shit needs to die
When you need bots and extreme luck to even buy a GPU for your computer because of a fuckton of morons hoarding 50 GPUs in their basement for cryptomining then something is definitely wrong
Fuck all those losers.
//As expected all the insufferable crypto clowns comin out of their basement. Hilarious.
This has been happening with NFTs too, (non fungible tokens.) The art community is really pushing against them because of this.
The art community is also pushing against NFTs because NFTs are really, really dumb.
closes Tarkov
I don’t know what you’re talking about!
I have no crypto and am not a "video gamer"
But what makes them using the GPU any more or less important than what you/others would do with the GPU?
That’s right, the people making tens of thousands per month are losers. Not the ones whining in Reddit all day because they can’t play their video games.
People are giving you answers but they're missing a key part of this.
To really oversimplify things, Crypto is mined by a computer solving a very complicated math problem (it's not actually a math problem but it's the easiest way to think of it.)
That seems pretty simple - solve a problem, get crypto.
But what happens when several people with computers all solve the problem together? Easy, whoever finishes first.
But what then happens when there are thousands of computers solving the problem and several finish at the same time? Or worse...get different answers?
Crypto solves this by awarding to the computer that did the most work. And that typically means the computer that used the most energy wins.
So you can imagine that it becomes a sort of crypto arms race to use the most amount of energy in order to win.
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That's debatable. The countries have a large carbon footprint, but they also have 3-4 times the population of the US, for example, and a much smaller footprint per person.
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You da real mvp
To be clear: Elon is full of shit
Lemme just sell a bunch of this coin, then trash it on Twitter, buy more when the price goes down, then tweet some bs about how I’m making more energy efficient mining processes or something all for shits and giggles because I’m already the richest motherfucker on the planet.
Using Tesla's giant renewable battery tech...
Its renewable for the battery, not for the energy that they are using to REFUEL the battery. Not all the time, guarenteed. The U.S. doesn't provide infrastructure capable of that on the scale he speaks.
Elon is a business man and nothing more. Coaxing this nation.
On the topic of cryptocurrency or just in general?
In general, till he leaves the bathroom.
Twitter is his personal shitter.
I mean, he did push the company to buy bitcoin, which lead to one of the biggest reasons for the mining boom (companies buying bitcoin, and floating up etherium to profitable levels once again). And then very obviously doing market manipulation with Dogecoin and Bitcoin, especially with the way it was announced about bitcoin.
eh, mining boom had started almost a year ago, which caused gpu shortages n whatnot. Teslas announcement just added more hype to it as it was starting to die down
He 100% pumped and dumped the crypto. Manipulating his little cult to feverishly buy into doge to jack the prices up.
Except Tesla is holding all of their Bitcoin. You should try reading his entire statement next time.
If you think he didn’t also participate in this personally then I’ve got a collection of bridges you may be interested in
Seems like you’ve been buying a lot of bridges lately and can’t get rid of them
Ikr? Like it’s uses a lot of power but it’s not like I’m mining etherium off my backyard coal powerplant ffs
Not you individually, but bitcoin alone uses more power than entire countries
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Source requested
Fun one: a single bitcoin transaction has a carbon foot print of about 550kg.
A flight from NYC to San Francisco has a carbon foot print of about 600kg
Where do you think your power comes from? And the power of other miners?
1% of the worlds entire power to be clear, Elon still is responsible for worse, energy wise and in other fields, classic grift
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Yeah like litter beaches with rubble and ignore FAA regulations, or maybe provide bad, expensive internet when it’s goal is being able to provide service to rural/poorer regions. Maybe reinventing the subway with less range in Vegas.
I mean don’t get me wrong I’m totally for space exploration and deem it one of the most important parts of humanities development, however the guy who’s burning rocket fuel can’t really comment on global warming
You buy your power from an energy company...
I live in costal England about 4 miles from one of our nuclear power plants, I’m personally ok but obviously I can see the issue of your in a big coal burning area
You do know that proximity to a nuclear power plant doesn't mean anything right? It's not like you can hook up a line to the reactor. The power from that plant goes far far away to multiple transformers before it's gets distributed into a transmission system which then comes into homes. It may travel hundreds of kms before actually reaching your house, depending on how the system is built
Depending on where you live, that could be exactly what you’re doing. Your electricity is only as clean as the energy production in your area.
Basically, “I’m retarded, and you’re all retarded too.”
When has that stopped anyone? Remember the dude who ran for president in ‘16
Oh yeah, what's his name from the apprentice.
Damien Turnip or something like that?
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What's what who gets? Dogecoin is back up to pre-dip levels, so what are you talking about?
The coin of the people.
I don't think this is kamikaze, they have always advertised that the coin is a joke.
Who the hell thought investing in that would be a good idea?
I bought some in February and now it's worth almost 8x what I paid. I know it's a joke crypto, but money's money.
I bought last year at a fraction of a cent.
I get the impression people are thinking about that Sunday dip because it's been floating around 50-55 cents. I can't tell if people truly don't give a shit and don't bother to check before they post (I don't blame them, it's a fucking memecoin) but pretending as if the coin has died or that no one ever made money off it is just flat out misinformation.
I mean that its author has every right to say that his coin is a joke and that only very innocent people would believe that it has some kind of future as E-coin.
People who are buying doge coin at current prices are going to lose a lot of money.
Yeah it’s on it’s way back to something.
Who knows what will happen?
I’m still waiting for the aliens.
bro i was like 11 or 12 mining doge its always been a meme / joke coin its not gonna be any real value any point in this fucking timeline its just a fucking joke being fueled by retards and elons musks tweets
If those people could read they would be very upset!
But for real, congrats to the people who got in early and are up but please have an exit strategy. There's just no mathematical way that doge holds any real value long term. It's like if Venezuelas currency went virtual but worse
I don’t buy Elon’s comment because those same fossil fuels charge up his cars.
Each bitcoin transaction uses 707.6kwH.
Each Tesla refill uses 50-100kwH.
Elon is most probably pump & dumping you fools. However, he is not wrong about Bitcoin needing to change when you'd spend 7x-14x more energy paying for the charge than the charge itself.
Some people on YouTube have done the math on this.
If you get 100% of your electricity from an oil-burning power plant, it still takes less oil to power a Tesla than a normal car.
And that’s the worst case scenario. Some percentage of electricity comes from renewable sources.
Which create less CO2 than gas cars over their lifespans. Is that seriously your argument dude? I dont buy elons comment either but my reasoning isnt founded on something so freaking incorrect
ELONs a rich guy playing with poor people like toys.
Why anyone invest in Doge is beyond me. The coin was meant to be worthless and some billionaire tweets it and everyone buys it knowing it doesn't do anything and was supposed to be a parody. No one stops to think that maybe just maybe Elon was the billionaire who bought massive amounts of the worthless coins only to pump it and make another fortune off of it. The problem with that is that Elon and his friends are manipulating it with prior knowledge of their pump and dump and the rest of everyone is left holding the bag..watch Elon come out with his own coin or push Bill Gates coin in the end. If you think Elon is beyond that, he did it with Bitcoin and pushed Tesla stock through the roof and then pulled the rug out on everyone. By the time a Billionaire is telling you what to buy, they are selling their stash to you as they and their friends liquidate their positions. Buy a coin with utility like cardano or theta/tfuel. You will be happier in the long run
Honestly Doge is a great low-key way to get into crypto. It has a low entry point - and yeah hell it might go belly up, but it has community traction
Anyone who bought the dogecoin is dumb enough to deserve to lose money. It was an obvious ponzi scheme by Elon.
That's not kamikaze, that's a murder of everyone who ever bought doge for real money.
Dogecoin: The proof that you can not design a cryptocurrency so braindead that the idiots won't buy it.
That's not even a diss, that has been the stated intention of the creators of dogecoin.
Clear to me he’s buying BTC privately
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Stop buying the shit it's not that fucking hard god
I've only seen 2 posts from that guy, and I love him
Outside. Environment. Very, bad. Coin. Good, cute! Fuel. Burn! No! Planet. Die. Sad.
He needs to conserve those fossil fuels so that Teslas can be recharged.
So now crypto is the new global warming boogeyman while the mega corps just continue watching from the oil rigs
Stop talking about Elon and doge, it’s just giving them more attention and it won’t every go away
It was a joke crypto to point out the irrationality of the crypto market several years ago. I don't know why anyone expected it to be perfectly optimized for lowest environmental impact at its creation.
But why isn't this environmental criticism leveled at gold, platinum, or other precious metal and gem mining operations? Those goods are basically currency, have gigantic local environmental impact, big carbon footprints with global impact, and little intrinsic value.
Probably controversial stance but Elon is a hypocrite. Teslas are electric vehicles….what does he think supplies that electricity? The US power grid is still powered by 60% fissile fuels with 20% coming from Coal…. An increase in power demand from electric vehicles will also result in an increase in emissions from unclean energy sources.
And then there’s SpaceX and all of their emissions from rocket launches.
I view this as pure market manipulation.
I do not have nor do not want Twitter, but can some of you, please, explain to Elon that BTC replace whole f*cking banking system and do that for fraction of their energy costs? Thanks!
Is this how a lot of creative decisions that can potentially affect the world are made?
it's been a year I've had the #1 spot here on this subreddit, but now you have taken the spot I wish you hold it just as long, if not longer than I did
why I'm saying this I don't know I've got grape soda and a cactus