Kraken exchange CEO takes a jab at Elon Musk over altcoin dethrone Bitcoin

[20kevin20]

Honestly, he deserves the roasts he gets right now from everyone around. This is what happens when you're using an asset to manipulate it to your own advantage without even knowing much about it. I get it, he wanted to be trendy, but as soon as he turned into a b*tch karma got him back. This is quite close to all those McAfee advertisements about "privacy coins" that are nor even coming close to privacy. You can't keep doing this firever, because at some point we catch up with the lies. As a Romanian saying is, "a lie has short feet".

Bitcoin is irreplaceable. At least now, with the currently existing tech. The only proper competitor I personally see is Monero, and it only has a chance to defeat Bitcoin if everyone suddenly cared about privacy. But that's a quite low possibility because people care about profits more than anything. And let's be honest, how many of us search for crypto based on how "green" they are?.. exactly, nobody really cares as long as a financial freedom is guaranteed

[aysg76]

Elon Musk has eradicated his image for being a tech genius successful running different companies to the new Market manipulator of cryptocurrencies.So my question is are these "greener alternative" or so called altcoins running on POS or any other mechanism reliable in providing security to the users as Bitcoin is providing with miners and nodes.The other options dilute the concept of decentralisation as validator who lock more coins get more power making it Centralised system.Bitcoin difficulty has increased so is the electricity consumption but now they are moving to renewable resources like El Salvador is opting for geothermal power,American miners planning other resources and in future most of them will shift to renewable energy sources only.But btc will always remain on top of altcoins no matter what Elon Musk or other influential personalities have to say.

[kryptqnick]

I don't think that Elon Musk will find this greener option, and even if he does, it'll be very hard to overthrow Bitcoin like that. Let's say Musk creates a coin and invests a couple of billions of dollars into it (as he did with Bitcoin). The coin would also get hyped and more investments would arrive. I think it can put a coin in top-30 by market capitalization, but not in even in top-10 (just looking at market capitalization of coins and thinking based on the figures). He could also take an existing coins and pump it up. Dogecoin would be the most realistic solution for this. Dogecoin is already very pumped due to Musks acvitities, so the marginal value of Musks actions with it is probably getting lower. But let's say it miraculously doubles in market capitalization, adding $38 billion. This would make it #3 at best, not even surpassing Ethereum, let alone Bitcoin.

[electronicash]

the talk about green energy will eventually die. over the years the discussion will die even when the bitcoin miners will still be mining using coal. It's been that way since. there is no way any altcoin would overthrow BTC. Charles of Cardano also troll about BTC's utility but it won't really make any difference. we are already used to using BTC and more countries are participating already.

many will come just like him Ronald instantly becomes like a Elon when he trolled Coca-Cola. Beckham can also be one soon or someone else that's famous.

[Wind_FURY]

the talk about green energy will eventually die. over the years the discussion will die even when the bitcoin miners will still be mining using coal. It's been that way since. there is no way any altcoin would overthrow BTC. Charles of Cardano also troll about BTC's utility but it won't really make any difference. we are already used to using BTC and more countries are participating already.

many will come just like him Ronald instantly becomes like a Elon when he trolled Coca-Cola. Beckham can also be one soon or someone else that's famous.

The “green energy debate” is also very hypocritical coming from those people who use it against Bitcoin. Would those same people also use the same debate for other “wasteful” use of electricity like Christmas lights during the Christmas Season?