Elon Musk Gains Skepticism from BTC Community
2 min read
Nic Carter, general partner at Castle Island Ventures, recently told Bloomberg that “Bitcoiners are still intensely skeptical of Musk, and they view him as conflicted given that his business partially involves the sale of offsets.”
Carter — who has gained a reputation for writing everything clean BTC-related — was asked if he thinks that Elon is qualified to become the vanguard of clean BTC, to which Carter replies “possibly not as far as the BTC community is concerned.”
Carter added that, despite the Elon’s not-so-favorable reputation among the Bitcoiners, Elon’s proposal for BTC miners to be more transparent about their energy mix is always good one — an allusion to the BTC Mining Council.
The BTC Mining Council was recently formed after the meeting between Elon and the top BTC miners in North America brokered by Michael Saylor, the CEO of MicroStrategy. According to Saylor, the council’s primarily focuses on promoting transparent energy use and accelerate global sustainability initiatives.
In the same Bloomberg interview, Carter remarked that BTC — being a decentralized digital asset — is highly resistant to regulation. Banning BTC in one jurisdiction would only cause the hash power to flow to a new jurisdiction.
Carter suggested that legislators should create greener grids for BTC mining, instead of banning BTC for its energy consumption.
In regards to BTC being associated with illicit activities, Carter stated that any monetary system will always going to be used for crime. He added that the US dollar is used for criminal activities more frequently than BTC.
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