SpaceX and Tesla CEO Elon Musk thinks it is not possible for states to “destroy” cryptocurrencies completely, but they can “slow down” their development.
Elon Musk, at the CodeCon event he attended on Tuesday, made some mistakes seen in today’s payment systems of cryptocurrencies. can fix explained.
Musk, who was the CEO of PayPal until 2000, “The monetary system in payment technologies and how this system differs from what economists think. how it actually works I know a lot about him.” saying that most of the existing systems running slow told.
“I think cryptocurrencies have value. I hope it will reduce errors and latency in monetary systems.”
Chinese government “does not like cryptocurrencies”
Elon Musk said that the barriers against cryptocurrency mining in China “with power cuts” While saying that it may be related, he stated that the more comprehensive bans against cryptocurrencies may be due to their decentralized nature.
“Cryptocurrency mainly aims to undermine the power of central governments and (Chinese government) does not like that.”
crypto coins “It is impossible to destroy” The thinker is about how the U.S. Securities and Exchange Commission (SEC) should go about cryptocurrencies, “I, do nothing I say.” said.
Musk, with the blockchain technology underlying cryptocurrencies “There are so many good things that can be done” saying, “The less there is in the shadows, the better.” made a statement.