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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16619858" data-attributes="member: 137766"><p>Crikey!</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3695663-bitcoin-plunges-crypto-world-erupts-as-elon-musk-questions-energy-usage" target="_blank">Bitcoin plunges, crypto world erupts as Elon Musk questions energy usage</a></p><ul> <li data-xf-list-type="ul">"Elon Musk reveals himself a scammer," is the title of a hotly-attended (roughly about 2K folks at pixel time) Clubhouse discussion taking place right now. Needless to say, the mood is salty.</li> <li data-xf-list-type="ul">Earlier this evening, <a href="https://seekingalpha.com/news/3695654-tesla-suspends-bitcoin-transactions-on-concern-over-energy-usage" target="_blank">the Tesla chief tweeted that his company</a> would no longer accept bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>) as payment, calling bitcoin mining an enemy of the environment. Importantly, Musk said Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) wouldn't be selling any of its bitcoin stash.</li> <li data-xf-list-type="ul">Microstrategy (NASDAQ:<a href="https://seekingalpha.com/symbol/MSTR" target="_blank">MSTR</a>) CEO Michael Saylor weighs in <a href="https://twitter.com/michael_saylor/status/1392621211302105091" target="_blank">with a response to Musk's tweet</a>: "Ironic because no incremental energy is used in a #bitcoin transaction. The energy is used to secure the crypto-asset network, and the net impact on fossil fuel consumption over time will be negative, all things considered." Saylor's Microstrategy is the holder of more than 90K bitcoins.</li> <li data-xf-list-type="ul">Curious to more folks than Saylor, <a href="https://twitter.com/DocumentingBTC/status/1392608358721630208" target="_blank">Musk just three weeks ago was in agreement </a>with Square's (NYSE:<a href="https://seekingalpha.com/symbol/SQ" target="_blank">SQ</a>) Jack Dorsey who said Bitcoin would a "key driver of renewable energy's future."</li> <li data-xf-list-type="ul"><a href="https://twitter.com/BitcoinMagazine/status/1392622801207676928" target="_blank">Bitcoin Magazine</a>: "[We've] suspended purchasing any Teslas. We are concerned about the rapid increase in bad arguments, especially energy FUD, from the company's CEO."</li> <li data-xf-list-type="ul"><a href="https://twitter.com/udiWertheimer/status/1392625159014596608" target="_blank">Well-followed Bitcoin bull Udi Wertheimer</a>: "I was extremely bullish just hours ago but things changed ... I'm short-term bearish, not just on bitcoin. Hope I'm wrong."</li> <li data-xf-list-type="ul"><a href="https://twitter.com/stoolpresidente/status/1392613793394483201" target="_blank">Dave Portnoy</a>: "Unlike @elonmusk I am not flip flopping every other second about #bitcoin. You will have to rip my bitcoin from my cold dead hands."</li> <li data-xf-list-type="ul"><a href="https://twitter.com/cameron/status/1392641032299290627" target="_blank">Cameron Winklevoss</a>: "When Elon realizes that bitcoin mining is actually pushing the renewable energy industry forward, he will refresh position and #bitcoin will moon." <a href="https://twitter.com/tyler/status/1392641075232141316" target="_blank">His brother Tyler</a>: "Bitcoin mining is a massive subsidy for renewable energy."</li> <li data-xf-list-type="ul">Trading at about $58K earlier today, bitcoin is now down to about $47K, or roughly 30% below its all-time high just shy of $65K.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16619858, member: 137766"] Crikey! [URL='https://seekingalpha.com/news/3695663-bitcoin-plunges-crypto-world-erupts-as-elon-musk-questions-energy-usage']Bitcoin plunges, crypto world erupts as Elon Musk questions energy usage[/URL] [LIST] [*]"Elon Musk reveals himself a scammer," is the title of a hotly-attended (roughly about 2K folks at pixel time) Clubhouse discussion taking place right now. Needless to say, the mood is salty. [*]Earlier this evening, [URL='https://seekingalpha.com/news/3695654-tesla-suspends-bitcoin-transactions-on-concern-over-energy-usage']the Tesla chief tweeted that his company[/URL] would no longer accept bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]) as payment, calling bitcoin mining an enemy of the environment. Importantly, Musk said Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) wouldn't be selling any of its bitcoin stash. [*]Microstrategy (NASDAQ:[URL='https://seekingalpha.com/symbol/MSTR']MSTR[/URL]) CEO Michael Saylor weighs in [URL='https://twitter.com/michael_saylor/status/1392621211302105091']with a response to Musk's tweet[/URL]: "Ironic because no incremental energy is used in a #bitcoin transaction. The energy is used to secure the crypto-asset network, and the net impact on fossil fuel consumption over time will be negative, all things considered." Saylor's Microstrategy is the holder of more than 90K bitcoins. [*]Curious to more folks than Saylor, [URL='https://twitter.com/DocumentingBTC/status/1392608358721630208']Musk just three weeks ago was in agreement [/URL]with Square's (NYSE:[URL='https://seekingalpha.com/symbol/SQ']SQ[/URL]) Jack Dorsey who said Bitcoin would a "key driver of renewable energy's future." [*][URL='https://twitter.com/BitcoinMagazine/status/1392622801207676928']Bitcoin Magazine[/URL]: "[We've] suspended purchasing any Teslas. We are concerned about the rapid increase in bad arguments, especially energy FUD, from the company's CEO." [*][URL='https://twitter.com/udiWertheimer/status/1392625159014596608']Well-followed Bitcoin bull Udi Wertheimer[/URL]: "I was extremely bullish just hours ago but things changed ... I'm short-term bearish, not just on bitcoin. Hope I'm wrong." [*][URL='https://twitter.com/stoolpresidente/status/1392613793394483201']Dave Portnoy[/URL]: "Unlike @elonmusk I am not flip flopping every other second about #bitcoin. You will have to rip my bitcoin from my cold dead hands." [*][URL='https://twitter.com/cameron/status/1392641032299290627']Cameron Winklevoss[/URL]: "When Elon realizes that bitcoin mining is actually pushing the renewable energy industry forward, he will refresh position and #bitcoin will moon." [URL='https://twitter.com/tyler/status/1392641075232141316']His brother Tyler[/URL]: "Bitcoin mining is a massive subsidy for renewable energy." [*]Trading at about $58K earlier today, bitcoin is now down to about $47K, or roughly 30% below its all-time high just shy of $65K. [/LIST] [/QUOTE]
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