Elon this week has started to criticize Bitcoin and began to ignite speculation about making a competitor out of Dogecoin. His attacks on Bitcoin’s energy use have been debunked many times, but I found this response by Saifedean to be most helpful from an economic perspective to understand why that energy needs to be spent. Jack Mallers also has
wonderful, as usual. credibility is earned over time. can't be faked.
Good article Jimmy. Agree that Musk lacks knowledge on BTC principles