Elon Musk, CEO of Tesla, praises Dogecoin, criticizes Bitcoin and suspects the identity of Satoshi Nakamoto -

A reason why Dogecoin in my opinion has a certain preference, although it was obviously created as a joke, is that it actually has a much higher transaction volume than Bitcoin.

"The costs for a transaction and the Dogecoin fees are very low," added the Tesla manager.

In contrast, he said: "If you want to carry out a Bitcoin transaction at the moment, the price for this transaction is very high, so that you do not use it effectively for most things and cannot scale on a high volume." .. " After the publication of this interview, many people used Twitter to remind Musk of the Lightning network.

This is not the first time that Musk says that Dogecoin is better for transactions than Bitcoin. During his interview on the "Person of the Year" with Time Magazine, he found that Bitcoin is better than value residues While Dogecoin is more suitable for payments. He recently announced that his electric car company Tesla will start accepting hunde.

The Tesla CEO, which is sometimes known as a Dogefather in the crypto community, said:

I'm not saying that it is the ideal system for a currency, but I think it is simply better than anything else I saw by chance.

Musk was also asked if he was still considering doing Dogecoin an official Mars currency. He replied: "I think Mars himself will need a different currency because you cannot synchronize yourself or not so easily due to the speed of light."

he explained: "The Mars is about four minutes of light at the next approach, and when it approaches it is about 20 minutes of light, maybe a little more. So you can't really synchronize if you have a 20-minute light speed problem if it has a one-minute blockchain. It is not properly synchronized." The Tesla boss continued:

I don't know if Mars would have a cryptocurrency as a thing, but it probably seems likely. But it would be a kind of localized thing on Mars.

The SpaceX boss was asked whether he was Satoshi nakamoto as a target = "_ blank" https://news.bitcoin.com/elon-musk-invented-bitcoin-if-you-hach-hahalf-of--ofrians-polled-by-finder/ "Rel =" noopener "> Believe he be. "I'm not," he replied quickly. "Would you tell us if you were?" He was asked. "Yes," he confirmed.

he continued to share his theory about who Satoshi Nakamoto, the pseudonymous creator of Bitcoin, could be.

"You can see the development of ideas before the introduction of Bitcoin and see who wrote about these ideas," he started. While he emphasized: "Of course I don't know who Bitcoin developed for practical purposes," he said:

The development of ideas is quite clear for this, and it seems that Nick Szabo is probably more responsible for the development of these ideas.

"He claims not to be a nakamoto, but I'm not sure whether this is neither here nor there, but he seems to be the one who is more responsible for the ideas behind Bitcoin than any other," Schloss Musk.

What do you think of the comments of Elon Musk? Let us know in the comment area below.

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

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