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Elon Musk says Tesla will no longer accept bitcoin due to fossil fuel use. https://t.co/rg6ToWNosk Finally! What was he thinking?And what is anyone thinking who invests in this climate-trashing currency?
— jonathanwatts (@jonathanwatts) May 13, 2021
We truly have entered a post-truth, post-science era.
— Cybergibbons (@cybergibbons) May 13, 2021
People with huge followings just invent stuff to be lapped up and parroted again and again. https://t.co/pk3YIqAUT7
The thing is supposed to be some great decentralized currency but one man has such an influence on it? https://t.co/qNNooUdaQq
— Money downloader (@Yared_TheGuy) May 13, 2021
We at https://t.co/VUydpLFzGh will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment https://t.co/bs7NvnJY8A and https://t.co/ELhbuLOBRV shrinking big bank and coin usage will benefit society and the environment https://t.co/zu08F0STEQ
— Mark Cuban (@mcuban) May 12, 2021
Elon Musk's tweet about #Tesla suspending car purchases with bitcoin wiped off $365 billion from the cryptocurrency market in just under 3 hours. There's been a slight bounce back but #bitcoin and other digital currencies are still sharply lower $TSLA $BTC https://t.co/NHkjMA7ejL
— Arjun Kharpal (@ArjunKharpal) May 13, 2021
There are thousands of pro-btc folks with their weird glowing eye avatars organizing on Clubhouse to come up with cohesive talking points against Elon. This room has 1,400. What a bizzare world we live on pic.twitter.com/6IOHwOXmmh
— tae kim (@firstadopter) May 12, 2021
Miners primarily use renewable energy.
— The Wolf Of All Streets (@scottmelker) May 12, 2021
Also, nobody is buying cars with #Bitcoin. https://t.co/zxTQyF74Ju
Elon probably did not research how much energy is required to run other (non crypto) currencies that Tesla accepts. ? https://t.co/oSwfIBoOsD
— CZ ? Binance (@cz_binance) May 13, 2021
“if one person can dramatically alter spending power, the ‘stable store of value’ criteria of a currency is not met,” https://t.co/FG5hB4mHkj
— Michael Gartenberg (@Gartenberg) May 13, 2021
Elon ... you realize that 75% of miners use renewable energy, right?
— Pomp ? (@APompliano) May 12, 2021
This energy story has been debunked over and over again.
The nice thing about the U.S. dollar and other currencies issued by generally-functional governments is that they don’t lose over 10% of their value overnight after one rich guy’s tweet. https://t.co/LBIl9XNlRa
— Rob Pegoraro (@robpegoraro) May 13, 2021
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Are crypto markets too prone to massive, multi-multi-billion dollar swings in value based on seemingly tiny pressures or is Elon Musk too influential on those markets?
— Dieter Bohn (@backlon) May 13, 2021
Yes pic.twitter.com/cnepLQlEaX
"Elon Musk says Tesla will no longer accept bitcoin due to fossil fuel use". At last! A wave of sanity finally breaks out. Even better? Elon could have asked for a carbon tax paid in ££$$ at point of bitcoin creation. That would do the world a favour. https://t.co/u438Aq9uCq
— Mark Campanale (@CampanaleMark) May 13, 2021
Elon is just sitting here prepared to drop knowledge.
— David Gokhshtein (@davidgokhshtein) May 13, 2021
Stop poking him. ? https://t.co/CZq65rUgWw
Tesla had a choice between traditional capital markets or bitcoin. And the bitcoin "market" has been horizontal for months and a hard correction is inevitable.
— Stephen Diehl (@smdiehl) May 13, 2021
Tesla doesn't care about the climate, they just care about money, so they made the economically rational choice. (13/)
Going to assume the Tesla thing is due to the idiotic logistics of actually accepting Bitcoin as payment for cars
— james hennessy (@jrhennessy) May 12, 2021
Energy usage trend over past few months is insane https://t.co/E6o9s87trw pic.twitter.com/bmv9wotwKe
— Elon Musk (@elonmusk) May 13, 2021
Carbon footprint is not a crypto problem, it’s a proof of work problem. https://t.co/1Ls1CmG4yS
— Salah Zalatimo (@Salafel) May 13, 2021
Let’s not overthink this..few people have changed the world the way @ElonMusk has. No doubt that BTC is here to stay - but denying there is a problem isn’t a path to solving it. Whether it’s through renewables or architectural changes, let’s keep moving on the solution. https://t.co/Ic0Ct6gEKt
— Brad Garlinghouse (@bgarlinghouse) May 12, 2021
Environmental concerns aren’t new.
— Linette Lopez (@lopezlinette) May 12, 2021
What might be new is that Tesla realized that bc it can’t book Bitcoin sales as profits — but rather as an intangible asset — this was blowing a hole in its balance sheet. https://t.co/BeAKajRGkz
How can you write this story without pointing out that even mildly informed observers knew about the environmental impact of bitcoin long before Tesla and Musk started getting into it? Musk must have known this. https://t.co/3AfWshVS3E
— Holger Hestermeyer (@hhesterm) May 13, 2021
"Elon Musk says Tesla will no longer accept bitcoin due to fossil fuel use". At last! A wave of sanity finally breaks out. Even better? Elon could have asked for a carbon tax paid in ££$$ at point of bitcoin creation. That would do the world a favour. https://t.co/u438Aq9uCq
— Mark Campanale (@CampanaleMark) May 13, 2021
Elon Musk says @Tesla will no longer accept #bitcoin due to high fossil fuel emissions
— Damian Carrington (@dpcarrington) May 13, 2021
https://t.co/3tCWNcWW3J
The huge emissions from producing bitcoin. https://t.co/A6VYlap3p3
— Havant Climate Alliance (@HavClimate) May 13, 2021
Well, no kidding, completely off-brand, and did he just discover this fact? Loose cannon doesn't begin to describe Mr. Musk. https://t.co/orvhnedW72 #cdnpoli
— Diane Marie (@DianeMariePosts) May 13, 2021
"Chinese miners account for about 70% of bitcoin production, data from the University of Cambridge shows. They tend to use renewable energy – mostly hydropower – during the rainy summer months, but fossil fuels – primarily coal – for the rest of https://t.co/T2svc6xAjL
— Sorare Del Boy (@FIDelBoy7) May 13, 2021
Well duh Mr Musk. Any fool knows $btc is a massive energy hog and unlikely to change. Meanwhile $Hive is much more efficient. Has free, fast transactions too. https://t.co/ZAV8kQI3r3
— Steve Clark (@steevc) May 13, 2021
Where were those concerns when @elonmusk first announced #Tesla would accept #Bitcoin? Nothing has changed, other than energy costs going up. It doesn't seem like Musk did much homework before gambling shareholder funds on crypto.https://t.co/AHEtxYfTpu
— Peter Schiff (@PeterSchiff) May 12, 2021
Elon Musk says Tesla will stop accepting bitcoin for car purchases, citing environmental concerns https://t.co/00bDIhtvSe
— CNBC (@CNBC) May 12, 2021
Hey @elonmusk did you know the entire #Cardano network only uses 6 GWh of power? Minuscule compared to #bitcoinhttps://t.co/GOhwMPzJct
— Attaining ₳lpha (@attainingalpha1) May 12, 2021
Elon Musk said Wednesday on Twitter that Tesla has suspended vehicle purchases using bitcoin, out of concern over rapidly increasing use of fossil fuels (especially coal) for bitcoin mining.#GlobalWarming #ClimateAction #Fam46 https://t.co/HJp9DZym2t
— John Moffitt ???? (@JohnRMoffitt) May 13, 2021
? @Tesla drops Bitcoin over environmental concerns, 3 months after digging in deep...
— Dr. ir Johannes Drooghaag (JD) ?? (@DrJDrooghaag) May 13, 2021
In ? https://t.co/ZZvCLanMiO
Out ? https://t.co/yOer0eYjyQ#Tesla #Bitcoin #BTC #SDGs@anndylian @SmartestNk @AkwyZ @ConnectAID_int @archonsec @DigitalFawad @Fabriziobustama @KaiGrunwitz pic.twitter.com/A4jA7uZdLE
Hey #Elon, just so you know. #btc is not a bitch. When you feel like accepting #bitcoin again, it may not want you ???https://t.co/KqsDq0gL5F
— Jake Wong (@jakewong1977) May 13, 2021
This is the best news I’ve heard all week. https://t.co/8TWuF3ciwM
— Heidi (@blockchainchick) May 12, 2021
#bitcoin on #tron fixes thishttps://t.co/HJGYr2gn7w
— The Count of Tron? (@Monte_Krypto) May 12, 2021
Elon Musk says Tesla will stop accepting bitcoin for car purchases - #HBAR is the answer - especially since it now does more transactions than any other #cryptocurrency $hbar #cryptonews https://t.co/delECHab9Y
— Aspire FX (@SuccessTodayFX) May 12, 2021
Time to accept XRP@elonmusk https://t.co/yA5XfevCH3
— Steven Bull Diep (@DiepSanh) May 12, 2021
#Musk is a bit of a #Hypocrite. @TSLA requires a huge amount of #fossilfuels and #electricity to #manufacture and #operate. #Cobalt and #Lithium mining destroy the planet & poison water systems. (not to mention child slavery)
— Lance Roberts (@LanceRoberts) May 13, 2021
But #Bitcoin is a problem?https://t.co/VH03BkOwoi
Crypto bull and billionaire Mark Cuban has thoughts for Elon Musk https://t.co/N7KdpE5QO5 via @crypto
— Bloomberg Crypto (@crypto) May 13, 2021
Crypto bull and billionaire Mark Cuban has thoughts for Elon Musk https://t.co/6NiEgcmiyy via @crypto
— Bloomberg Crypto (@crypto) May 13, 2021
It's Doge y ? "Elon Musk’s Bitcoin Reversal Divides Billionaires and Angers Crypto Traders" ["https://t.co/fOLGRcnTKQ"]
— Charles H Savage (@CharlesHSavage) May 13, 2021
Here's @charliewwells telling you about billionaires tweeting angry things at each other.https://t.co/u74FTJwOeH
— Anders Melin (@MelinAnders) May 13, 2021
Proof of Stake (PoS) uses a fraction of the energy as mining to verify/validate transactions. Check out @PACcoinOfficial & others.https://t.co/1CS3nlcGML#Altcoin #BTC #Bitcoin #Blockchain #Crypto #Cryptocurrency #Cryptonews #Fintech #Masternodes@elonmusk @davidgokhshtein
— Summit Blockchain (@SummitBchain) May 13, 2021
Elon Musk said Tesla will no longer accept Bitcoin for car purchases due to concerns about the "rapidly increasing use of fossil fuels" to mine the cryptocurrency — a move that comes 3 months after first embracing it.https://t.co/kxJaObrDhu
— NPR (@NPR) May 13, 2021
Never Mind: Elon Musk Says Tesla Won't Accept Bitcoin For Car Purchases Any More https://t.co/OvEY5XB7BI
— Jeffrey Levin (@jilevin) May 13, 2021
Never Mind: Elon Musk Says Tesla Won't Accept Bitcoin For Car Purchases Any More https://t.co/6R7vo4NuGM
— NPR Business (@nprbusiness) May 13, 2021
“The next big devaluation of Elon’s reputation will be when an entire generation of crypto investors realize that the “Dogefather” played them"
— Sovryn | DeFi for Bitcoin (@SovrynBTC) May 13, 2021
Sovryn's @EdanYago comments on @elonmusk's #Bitcoin U-Turn on @Blockworks_ https://t.co/pDZ8EyBemg
Pretty good article about Tesla & #bitcoin https://t.co/mUvCO6lvrd
— Satoshi Nakamoney ? (@nakamoney) May 13, 2021
New from me: Bitcoin, Dogecoin prices fall after Musk says Tesla is dropping Bitcoin https://t.co/5z65xHM9pB via @CNET
— Oscar Gonzalez (@OGreporter) May 13, 2021