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Tag Archives: ElonMusk

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fact checking

Mostly false: Bitcoin’s “rapidly increasing use of fossil fuels”

Fact-check, Mostly falseBy Hochschule der Medien Stuttgart, DEJuly 6, 2021

Elon Musk criticises Bitcoin for its enormous energy consumption of fossil fuels. Without further ado, he drops it as a payment option at Tesla, whereupon the Bitcoin price falls rapidly. Musk is mostly right about the greenhouse gas emissions involved in Bitcoin mining, but he is mostly wrong about the trend. Creating and destroying values…

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