Quote:
Originally Posted by Aurel
Elon Musk argument for dropping Bitcoin is that it uses too much energy to mine, therefore increases CO2 emissions.
Kinda makes sense, when one makes cars to reduce CO2 emissions. Those dirty coal fired power plants powering all those PCs better be charging Tesla batteries instead  . |
Musk is transparent, simple and predictable.
The ONLY reason tesla has ever shown any profit was because of California's carbon credit tax system.
They give him credits that he doesn't need, and tell other companies they need them but don't get enough.
That means that other companies have to BUY the free carbon credits from tesla for cubic $$$$ and that is enough for them to be profitable (barely).
Of course he tricked the chinese into paying him to build factories there too but that's a whole 'nuther scam.
And now ... he's pissed in his California cheerios by moving some of his stuff elsewhere like baja oklahoma.
Here comes the predictable part:
His next step will be all over the media calling for national cap and trade so he can get free tax credits from the fed gubmint even if he ain't in kalifornia.
You watch. He'll be the friggin poster child fer it.
And he knows that accepting bitcoins flies in the face of all that so he has to distance his company to look good to the greeniots.
But ya notice he isn't getting rid of the pyramids he is already holding, nooooo!
Predictable and he'll get richer, and you (we) will end up footing the bill again as gas and electricity and natural gas and everything else gets more 'spensive.
And the greeniots and muskateers will cheer and sing and be soo happy that they pulled off something dumb again. Yay.