BREAKING DOWN ELON MUSK’S MISUNDERSTANDINGS ABOUT BITCOIN

In a recent tweet explaining why Tesla would no longer accept bitcoin, Elon Musk displayed a poor understanding of Bitcoin’s energy use.

HASS MCCOOK MAY 28, 2021

Bitcoiners yearn for the good old days of great debates with informed critics who were up for the intellectual challenge. It allowed the community to hone its thought processes, build knowledge and skills to widen the debate and discussion, and generally strengthen our resolve and commitment to our investment thesis.

Unfortunately, we have been completely out of training for about seven years, with not one single new criticism of Bitcoin surfacing that hasn’t already been factually refuted to death. The old critics were a cold glass bottle of Classic Coke, now all we get is lukewarm, off-brand, generic cola.

Et tu, Elon? After all we’ve been through together?

In order to keep this article readable within a reasonable amount of time, I will rely on the reader to dig into the refutations of these arguments, prepared by industry experts based on hard data and computer science, and I will be extensively linking to their work throughout this piece.

Read the rest of the article here https://bitcoinmagazine.com/business/what-elon-musk-gets-wrong-about-bitcoin

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