• toledosequel [none/use name]
    ·
    4 years ago

    Elon suspending Bitcoin payments due to unsustainable mining practices

    I find it hard to believe he didn't know. Plus his own company's mining practices are unsustainable.

    • Mrtryfe [none/use name]
      hexagon
      ·
      4 years ago

      Yeah I'm absolutely sure there's some ulterior motive here. I heavily doubt he's doing this out of some sense of duty for the planet

      • NaturalsNotInIt [any]
        ·
        edit-2
        4 years ago

        He's either in a cash crunch and needs an excuse to dump some bags, or he's trying to push the price down so that he can pick up more at a discount. "Buy a Tesla with Bitcoin" was always incredibly stupid. Who would buy a depreciating car with an appreciating, scares resource?

      • Dingdangdog [he/him,comrade/them]
        ·
        edit-2
        4 years ago

        Legitimately I was watching a coin, sue me I sometimes take part in capitalism while living under it, and it dipped like 20% in about 15 seconds when he made that tweet and went back up as much a minute later. It crashed the exchange I was using lol.

        It was pretty much across the board the same story, except most of them are still down.

        Shit's wild that this guy has that much power on a "free" market lmao. I don't see how people aren't immediately seeing that as a huge flaw in the decentralized economy plan.