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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Thursday, May 13, 2021

Bitcoin causes "environmental damage" says Musk

 


Mining an invisible coin that does not exist hurts the environment


TRANSLATION: The central banking system was all over Musk for daring to buck their system by using cryptocurrency.


Tesla CEO Elon Musk has announced he will stop taking Bitcoin for vehicle purchases or selling the cryptocurrency until mining procedures transition to “more sustainable energy” than coal or fossil fuels.

“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk tweeted on Wednesday evening.

Tesla doesn’t intend to sell any of the Bitcoin it currently holds, however, but will hold on to it until “mining transitions to more sustainable energy,” and is looking at other cryptocurrencies that use 

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