Bitcoin Forum

Most of you already know if Elon Musk tweeted like this today and made bitcoin price down so hard

https://i.ibb.co/9T83DQY/IMG-20210513-180257.jpg (https://ibb.co/pz0r7YX)

Now the question for us, which alternate cyrptocurrency TESLA  will accept as replacement of Bitcoin?
Now you need to see this,

https://i.ibb.co/CHcWQnR/IMG-20210513-175914.jpg (https://ibb.co/sVftqF8)
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/

You can see bitcoin consumed around 707/kWh for each transaction. While you see XRP, DOGE and Cardano only used much lower than bitcoin.

From Elon's tweet, he said, he and TESLA is looking for any coin which has using <1% of what bitcoin used, so with simple math, we get 707*1% = 7/kWh for each transaction.

XRP only using 0.0079 / kWh
DOGE using 0.12 /kWh
Cardano using 0.54 /kWh

But now you need to see this,

https://i.ibb.co/XSy5yVf/IMG-20210513-180518.jpg (https://ibb.co/KFNsNmc)
https://news.ycombinator.com/item?id=25978219

There is a COIN which has lower kWh for each transaction, and  it's NANO coin ( only using 0.000112 / kWh)

Biggest speculation for bitcoin replacement on TESLA is, NANO coin or DOGE coin. Why not XRP? isn't it has lower energy usage than DOGE? Well, You must be know the reason. Yesterday, Elon has tweet about "Do you want TESLA accept Dogecoin?" I think that's just like a hint from Elon Musk.

Conclusion : NANO coin or DOGECOIN. That's the biggest chance for TESLA accept later.

NFA (not financial advice)

You just gave all those Doge worshipper a reason to hold their coins. Imagine a negative tweet about doge from Elon. The doge bubble will burst and those who are buying doge now or were holding even when the price was over $0.70+ they will regret.

I will prefer to pick doge rather than NANO and why? i do believe if elon already analyzed the doge coin before he was publishing the voting about the doge coin to be accepted as a payment system for the tesla vehicles.
Nano was a dag coin but it doesn't liquid like doge. There's a big gap between doge and nano in terms of liquidity.

Nano is increasing a lot since there's a rumor about nano being a candidate to replace BTC.

NANO and doge are very volatile at this moment. nano is good enough

There are plenty better options. ADA, ZIL, ONE.

Has he ever tweeted something negative about doge?
Didn't you see i said NFA (not financial advice)? I only tell the fact i found to people, that's back to us whatever will use this news or not.

Fyi i don't HODL any DOGE yet

the table clearly shows that in the leaders in energy consumption XRP and DOGE, I think XRP Elon Musk will not choose, because it is centralized and Elon Musk himself will not want to enrich the founder of XRP + there are problems with the SEC, then the choice is obvious, this is the DOGE coin meme.

Interesting data. Energy consumption and transaction fees will definitely be important when the coins will be really used.

In my opinion: If Tesla switches to another currency then it will not be a PoW currency at all. So Doge is out of question. Nano is interesting, but so are lots of other PoS cryptos out there. ETH will switch to PoS soon, and many other have always been PoS.

I know the Nano community is really pushing this narrative, but I don't see them superior in comparison with for instance Waves. Was Nano ever mentioned by anybody outside of the Nano-fan-community for a reliable store-of-value or money-sending currency?

Your analysis is good, but it ignored a key point, which is the market capacity and the spread of that currency. I do not expect that the marketcap of the NANO coin will qualify it as the first coin that Tesla will accept.
Tesla may accept many cryptocurrency pairs, but the best guess so far is ADA coin.
Some analyzes may prove XRP but I think they have legal problems that will make it impossible.
Eth may be the future option and Elon Musk's tweet will throw a big stone into that pool.

Nano spiked , ADA is spiking too .
I like to see how it goes in the upcoming days , Elon Musk holds too much power , 1 single tweet and Crypto Market goes mad hahahaha .
Also big thanks to numanoid for his great speculations  ;)

https://i.ibb.co/ynLksdz/IMG-20210514-064954.jpg (https://ibb.co/qMbg17H)

Told you guys, Elon will choose DOGECOIN as bitcoin replacement on TESLA. Anyone who bought DOGE when i created this thread, congratulation for 25% quick profit.

 I always said before, forget your shitty analyze about PoW and PoS,it doesn't work on here. Do you think Elon care about whatever PoW and PoS? No he doesn't even care.

I don't think he will add any other coin so people can buy their Tesla's with. The only other coin I can see being added is maybe ETH but that is POW also, so until it goes POS which is years away I don't see it being added. If he added ETH then he can add Tether or USDC which would make sense, however until it goes POS its POW is using alot of electricity currently.

Same with Doge, its POW. And even if Doge was POS, I don't think they would use it as a currency. Nobody really owns any doge aside from speculation and that can quickly change if there is a bear market and 99% of all speculators all sell for a loss. Its not a popular currency besides the last 4 months. Same with all the other currencies listed.

What i found in this tweet is another trolling to come from this stupid human, Elon Musk is making fun of crypto market since last year while he Keeps on Tweeting something that makes the market move.

But on this tweet, there will be another crypto that he will try to Bump to check His power over Investors .

NANO would be a really big change because it does not require as much energy at all, but DOGE surprises me because it is still energy intensive if it gets to the level of BTC and even ETH's POS. Elon needs to understand well the cost and balance between security and cheapness. Just because it takes energy does not mean it is not effective (as a security measure like BTC). Just because it does NOT take energy does not mean it is good.

Are we really going to be manipulated by a billionaire?
Rephrase.
Is the cryptocurrency industry really going to be manipulated by one billionaire?
This guy came out of nowhere or just come outside of his closet and suddenly everything revolves around him. Is that a good thing? Not for me.
He may have the money but he may also be stupid in different ways. He just ate all his words back then and that's pretty scary for someone who decides for a big business.
https://en.wikipedia.org/wiki/Bitcoin

Remember this is the guy who abuses his workers and called a person who saved other people's lives pedophile,,, he is not a nice man at all.

So if you think he is delisting BTC because he cares,,, it is not because he does but he probably wants to pump another alt like NANO;)

Now let us have enough of Elon talk:)

I agree, to much talk about hi, He got attention cos people gave him big publicity and big role in crypto world. If we stop that will be best solution.

That's what all billionaires do it seems or otherwise they wouldn't be billionaires. Take Jeff Bezos and his Amazon packaging centers or Steve Jobs and his assembly centers in Asia. Even Bill Gates is said to be a rude and unfair boss. That doesn't mean I endorse that behavior in any way, I just feel like it is difficult to stop.

Dogecoin replacing bitcoin? And Elon musk going to make that happen? Am going to be watching to see how this really plays out, how did we even get here,? How did one man acquire so much power to now control all that happens in the crypto currency market, all this Elon musk stuff are just beginning to piss me off, I have this feeling that if something is not done about this whole Elon musk stuff, we will definitely get to a point where the crypto market will easily be manipulated by him, and this I feel is gonna create alot of problems for the entire crypto market moving forward, but anyways, like I said, am just gonna sit and watch how this whole thing plays out, we've succeeded in turning Elon musk to a God in crypto, this won't be good in the long run.

Maybe this is the reason why Elon tweeted about working with doge dev to improve the efficiency of their transactions, which means, finding a way how to reduce the energy consumption around it. Nano has not been mentioned ever on his tweets. So high likely, that he is eyeing doge to be the replacement of bitcoin in terms of payment options. XRP is also a good candidate but it depends on Elon himself. Now that he is promoting doge, maybe he will find a way how to reduce its energy consumption.

I’m also thinking why Elon becomes a big deal in cryptomarket and making such statement against bitcoin is pretty obvious that he wants something else to dominate the market. This might not all about the energy consumption but its a clear propaganda that Elon wants DOGE to be on top for some reason, we’ll see the effect of this one.

I am not at all convincing from the argument you have made. 
Just keep fomo it to get to the goal you want, and I won't be stupid and hope to add doge coin at this point.

Elon should already have this information first hand before making a public declaration about Tesla investing on btc and accepting it for payment, but since he is here for profit maximisation only he now capitalise on btc mining issues,
He can decide for himself but that won't apply to the rest of the crypto community except those who take him seriously and follow his tweets like their lives depend on it.

Nano has promoted itself as a "Green Coin". But others are now also trying to advertise it. This has caused the price to rise.  Here is an article that highlights 5 "green coins" (Ada, Nano, Chia, xlm and bitgreen) under the aspect of <1% energy of BTC. It is quite possible that the price there will also jump up again.

 https://investorplace.com/2021/05/green-coins-5-of-the-most-eco-friendly-cryptos-elon-musk-should-consider-now/?utm_source=delta.app&utm_medium=mobile&utm_campaign=delta-direct&utm_term=ios (https://investorplace.com/2021/05/green-coins-5-of-the-most-eco-friendly-cryptos-elon-musk-should-consider-now/?utm_source=delta.app&utm_medium=mobile&utm_campaign=delta-direct&utm_term=ios)

Best regards  ;D

Don't worry, people aren't stupid as you who can't take opportunity to earn huge profit

I do not know what the stats are as I do not know all the rich people in the world but I guess you are right. Rude and unfair is the only way to make yourself extremely rich. They also have to be very mean people who know how to get around even the law (like with how they can escape tax for example) to keep accumulating money,,, more so than general people.

Crypto sadly seems to attract same types of people:(

Dogecoin as an option wouldn't make any sense. It won't scale any better and has known vulnerabilities. I wouldn't count on nano replacing anything either. If nano would be an option it would be much higher on the marketcap already. If it becomes the currency, then i guess congratz to all holders.

For NANO, I think it will reach $ 30 by the end of this year, while for DOGE it is very high that it is likely to reach $ 5 in a very short time, maybe even in August 2021.
With one condition, provided that the price of bitcoin does not continue to fall from now on.

I knew about NANO since it still got the old name Raiblocks. At that time, the coins was really hyped for its lightning transaction speed. Even until now, speed is main strength of NANO but I bet many new coins have better speed than it.

Back to the topic, I think it's still Doge. Elon Musk dumped Doge, bought it at lower price and then shill it again. I don't think he will choose a not very well known coin like NANO.

It's all because of Elon Musk, at this point i think DOGE will keep growing and going sideways even BTC falling down.
But still, this is not a good time for all altcoins, if he keeps tweeting bad issue like that, there will be a high possibility that BTC will keep falling down even to $30k+,
Let's just hope that Elon Musk stop tweeting bad issue,
NANO on the other side i think will also grow and can reach $30 soon in the near future.

You guys are missing the point...which is that a m cap of 2.4T is not about only a man. He have influence on the short term sure...but like everithing, whe choose the better thing, like yahoo and google. At one point Yahoo was looking impossible to bet, and the alternatives was much...but the fastest and easyest wins on the end. Wich for the moment is google.

So Nano and Dag coins will make it

They definitely understand how to and are willing to bend the law for their own purposes. Usually, they all have giant networks of people from all spaces, including tax and law and politics. They achieve their goals with means that the ordinary guy simply has no access to. That's the difference between them and the rest. Ultimately, they become so big that even individuals can be considered too big to fail.