In this video, I have summarised the BWord meeting contents. Elon Musk and Jack Dorsey spoke very positively about Bitcoin and we might see major improvements in the community soon. Also, Tesla and SpaceX own a good number of Bitcoins and Elon Musk admitted that he personally owns Bitcoin, Ethereum and Dogecoin.
#bwordevent #bword #bitcoin #btc #elonmusk #jackdorsey
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Elon Musk:
1. Bitcoin solving many problems. It is scarce – decentralised – nobody can hack it – open ledger – no errors.
2. In general I am a supporter of Bitcoin and the Idea of cryptocurrency in general.
3. I own Bitcoin Ethereum and Dogecoin.
4. Tesla and SpaceX both own Bitcoin.
5. Bitcoin layer 2 solutions like lightning networks will help to use Bitcoin as normal payments.
6. I might pump but I don’t dump! I would like to see Bitcoin succeed!
7. SpaceX Starlink playing a role in low latency low cost for faster transactions. Higher bandwidth and lower latency.
8. BTC-ETH-Doge mining in space.
9. He likes doge because it’s a meme.
10. Renewable energy used for Bitcoin mining is not sustainable yet. Wind-Solar will not maintain the hash rate 24/7. Hydro, Geothermal and modern nuclear fission are great for maintaining hash rate 24/7.
11. Also, excess energy being generated by the power plants are being wasted.
12. If the mining community really focus on using renewable energy I think Tesla can support that.
13. People should own their private keys.
14. I am a fan of Defi.
15. What about letting twitter advertisers pay in crypto?
16. Elon asked jack to use Bitcoin in Twitter advertising payments.
17. Tesla Bank balance in Europe has negative interest rates! Annoying and insane! This is why we should use cryptos.
18. crypto, in general, is that it can improve the efficiency of the system called money. Money will have less error – this will naturally lead to more power to the individual.
Jack:
1. Sending money to my family in Ghana is easy and peer to peer works great!
2. It will create world peace! You fix the foundation level and everything above it improves in long-term – my hope is definitely peace!
Cathy:
1. Binance 7000 BTC hack but cant liquidate.
2. Network effect of convergency of AI + Cryptos – think about Internet in early days – Cryptos are in early stage.
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CryptoTamil is a non-profit channel created with an aim to create cryptocurrency awareness among Tamil people. CryptoTamil is the first channel ever created till date created to make cryptocurrency videos in Tamil. CryptoTamil channel is owned by Dr Manoharan Ramachandran who completed his PhD in Bournemouth University (UK) and currently working as Associate Research Scientist in the Open University (UK). He received his scholarship from the England Government for his research work in computer science and transportation. He is the first Thamizhan ever to receive this award. He is also the founder of the Indian Blockchain Association (IBA) and a cryptocurrency enthusiast.
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