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Elon Musk: Bitcoin Structure is Brilliant, But Has Its Cons; Paper Money is Going Away (ark-invest.com)
Elon Musk, who among other things, is a pioneer in the payments industry, has weighed in on one of the most divisive topics in finance today: Bitcoin. In a podcast with Cathie Wood of ARK Invest, Musk, the co-founder and chief executive of electric car maker Tesla, was asked to "go off topic" and offer up some thoughts on the most famous cryptocurrency. From a report: "I think the bitcoin structure is quite brilliant. But I'm not sure that it would be a good use of Tesla's resources to get involved in crypto," he told Wood. Musk, who founded PayPal, added that the days of paper money are numbered and digital currencies could offer a more efficient solution to shifting value. "Paper money is going away and crypto is a far better way to transfer value than pieces of paper, that's for sure, but it has its pros and cons," he said.
**IN CCCP, NSA FUCKS YOU**
You know, I just had a heartwarming thought. I could drop dead tomorrow, and yet for years to come, people on Slashdot would be crediting any story that gets posted about Musk/Tesla to me. It's nice to know that people think about me when I'm not around :)
When was the last time you ran anywhere? I mean with your own legs, not by pressing 'X'?
Funny thing, a friend of mine just moved to Europe from the US because in the US there is a far right, a crazy far right, and an even further right and nothing else and he was tired of looking at the lazy rich deadbeats getting fat while he and everyone else worked for them for peanuts and lousy healthcare.
Of course, another friend recently moved to Mars because he was tired of listening to stories about imaginary friends and absurd one-sided geographic generalizations about politics, which is all the folks on Earth ever talk about. I'm thinking of joining him there.