THELOGICALINDIAN - Tesla and Spacex CEO Elon Musk says dogecoin is fundamentally bigger than annihilation abroad he has apparent while he criticizes bitcoin He additionally discussed the character of Bitcoins bearding architect Satoshi Nakamoto and the official bill of Mars
Elon Musk Discusses Crypto, Dogecoin, Bitcoin, Mars’ Currency, and Who Satoshi Nakamoto Is
Elon Musk aggregate his thoughts on cryptocurrency, dogecoin, bitcoin, and the character of Bitcoin’s bearding creator, Satoshi Nakamoto, in an interview with Lex Fridman, appear Tuesday.
Musk, who has continued been a supporter of the meme cryptocurrency dogecoin (DOGE), revealed:
“The amount of accomplishing a transaction, the dogecoin fees are actual low,” the Tesla controlling added.
In contrast, he said: “Right now, if you appetite to do a Bitcoin transaction, the amount of accomplishing that transaction is actual high, so you could not use it finer for best things, and nor could it alike calibration to a aerial volume.” Following the advertisement of this interview, abounding bodies took to Twitter to admonish Musk of the Lightning network.
This is not the aboriginal time Musk said that dogecoin is bigger than bitcoin for transactions. During his “Person of the Year” account with Time Magazine, he acclaimed that bitcoin is bigger as a store of value while dogecoin is bigger ill-fitted for payments. He additionally afresh appear that his electric car company, Tesla, will alpha accepting DOGE.
The Tesla CEO, who is sometimes accepted in the crypto association as the Dogefather, added opined:
Musk was additionally asked if he is still because authoritative dogecoin the official bill of Mars. He replied: “I anticipate Mars itself will charge to accept a altered bill because you can’t accord due to the acceleration of light, or not easily.”
He explained: “Mars is, at abutting approach, it’s four ablaze account abroad roughly, and again at extreme approach, it’s almost 20 light-minutes away, maybe a little more. So you can’t absolutely accept article synchronizing if you’ve got a 20-minute acceleration of ablaze affair if it’s got a one-minute blockchain. It’s not activity to accord properly.” The Tesla bang-up continued:
The Spacex bang-up was asked whether he is Satoshi Nakamoto as some bodies believe him to be. “I’m not,” he bound replied. “Would you acquaint us if you were?” he was asked. “Yes,” he affirmed.
He proceeded to allotment his approach of who Satoshi Nakamoto, Bitcoin’s bearding creator, ability be.
“You can attending at the change of account afore the barrage of Bitcoin and see who wrote about those ideas,” he began. While emphasizing, “Obviously I don’t apperceive who created bitcoin for applied purposes,” he detailed:
“He claims not to be Nakamoto but I’m not abiding that’s neither actuality nor there but he seems to be the one added amenable for the account abaft Bitcoin than anyone else,” Musk concluded.
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