I don't think he will add any other coin so people can buy their Tesla's with. The only other coin I can see being added is maybe ETH but that is POW also, so until it goes POS which is years away I don't see it being added. If he added ETH then he can add Tether or USDC which would make sense, however until it goes POS its POW is using alot of electricity currently.
Same with Doge, its POW. And even if Doge was POS, I don't think they would use it as a currency. Nobody really owns any doge aside from speculation and that can quickly change if there is a bear market and 99% of all speculators all sell for a loss. Its not a popular currency besides the last 4 months. Same with all the other currencies listed.
Topic: NANO/DOGE Speculation for Bitcoin replacement from TESLA!!! - page 2. (Read 279 times)
Told you guys, Elon will choose DOGECOIN as bitcoin replacement on TESLA. Anyone who bought DOGE when i created this thread, congratulation for 25% quick profit.
I always said before, forget your shitty analyze about PoW and PoS,it doesn't work on here. Do you think Elon care about whatever PoW and PoS? No he doesn't even care.
Nano spiked , ADA is spiking too .
I like to see how it goes in the upcoming days , Elon Musk holds too much power , 1 single tweet and Crypto Market goes mad hahahaha .
Also big thanks to numanoid for his great speculations
I like to see how it goes in the upcoming days , Elon Musk holds too much power , 1 single tweet and Crypto Market goes mad hahahaha .
Also big thanks to numanoid for his great speculations
Your analysis is good, but it ignored a key point, which is the market capacity and the spread of that currency. I do not expect that the marketcap of the NANO coin will qualify it as the first coin that Tesla will accept.
Tesla may accept many cryptocurrency pairs, but the best guess so far is ADA coin.
Some analyzes may prove XRP but I think they have legal problems that will make it impossible.
Eth may be the future option and Elon Musk's tweet will throw a big stone into that pool.
Tesla may accept many cryptocurrency pairs, but the best guess so far is ADA coin.
Some analyzes may prove XRP but I think they have legal problems that will make it impossible.
Eth may be the future option and Elon Musk's tweet will throw a big stone into that pool.
Conclusion : NANO coin or DOGECOIN. That's the biggest chance for TESLA accept later.
In my opinion: If Tesla switches to another currency then it will not be a PoW currency at all. So Doge is out of question. Nano is interesting, but so are lots of other PoS cryptos out there. ETH will switch to PoS soon, and many other have always been PoS.I know the Nano community is really pushing this narrative, but I don't see them superior in comparison with for instance Waves. Was Nano ever mentioned by anybody outside of the Nano-fan-community for a reliable store-of-value or money-sending currency?
Interesting data. Energy consumption and transaction fees will definitely be important when the coins will be really used.
the table clearly shows that in the leaders in energy consumption XRP and DOGE, I think XRP Elon Musk will not choose, because it is centralized and Elon Musk himself will not want to enrich the founder of XRP + there are problems with the SEC, then the choice is obvious, this is the DOGE coin meme.
Imagine a negative tweet about doge from Elon. .
Has he ever tweeted something negative about doge?Didn't you see i said NFA (not financial advice)? I only tell the fact i found to people, that's back to us whatever will use this news or not.
Fyi i don't HODL any DOGE yet
There are plenty better options. ADA, ZIL, ONE.
I will prefer to pick doge rather than NANO and why? i do believe if elon already analyzed the doge coin before he was publishing the voting about the doge coin to be accepted as a payment system for the tesla vehicles.
Nano was a dag coin but it doesn't liquid like doge. There's a big gap between doge and nano in terms of liquidity.
Nano is increasing a lot since there's a rumor about nano being a candidate to replace BTC.
NANO and doge are very volatile at this moment. nano is good enough
Nano was a dag coin but it doesn't liquid like doge. There's a big gap between doge and nano in terms of liquidity.
Nano is increasing a lot since there's a rumor about nano being a candidate to replace BTC.
NANO and doge are very volatile at this moment. nano is good enough
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Conclusion : NANO coin or DOGECOIN. That's the biggest chance for TESLA accept later.
You just gave all those Doge worshipper a reason to hold their coins. Imagine a negative tweet about doge from Elon. The doge bubble will burst and those who are buying doge now or were holding even when the price was over $0.70+ they will regret.
Most of you already know if Elon Musk tweeted like this today and made bitcoin price down so hard
Now the question for us, which alternate cyrptocurrency TESLA will accept as replacement of Bitcoin?
Now you need to see this,
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
You can see bitcoin consumed around 707/kWh for each transaction. While you see XRP, DOGE and Cardano only used much lower than bitcoin.
From Elon's tweet, he said, he and TESLA is looking for any coin which has using <1% of what bitcoin used, so with simple math, we get 707*1% = 7/kWh for each transaction.
XRP only using 0.0079 / kWh
DOGE using 0.12 /kWh
Cardano using 0.54 /kWh
But now you need to see this,
https://news.ycombinator.com/item?id=25978219
There is a COIN which has lower kWh for each transaction, and it's NANO coin ( only using 0.000112 / kWh)
Biggest speculation for bitcoin replacement on TESLA is, NANO coin or DOGE coin. Why not XRP? isn't it has lower energy usage than DOGE? Well, You must be know the reason. Yesterday, Elon has tweet about "Do you want TESLA accept Dogecoin?" I think that's just like a hint from Elon Musk.
Conclusion : NANO coin or DOGECOIN. That's the biggest chance for TESLA accept later.
NFA (not financial advice)
Now the question for us, which alternate cyrptocurrency TESLA will accept as replacement of Bitcoin?
Now you need to see this,
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
You can see bitcoin consumed around 707/kWh for each transaction. While you see XRP, DOGE and Cardano only used much lower than bitcoin.
From Elon's tweet, he said, he and TESLA is looking for any coin which has using <1% of what bitcoin used, so with simple math, we get 707*1% = 7/kWh for each transaction.
XRP only using 0.0079 / kWh
DOGE using 0.12 /kWh
Cardano using 0.54 /kWh
But now you need to see this,
https://news.ycombinator.com/item?id=25978219
There is a COIN which has lower kWh for each transaction, and it's NANO coin ( only using 0.000112 / kWh)
Biggest speculation for bitcoin replacement on TESLA is, NANO coin or DOGE coin. Why not XRP? isn't it has lower energy usage than DOGE? Well, You must be know the reason. Yesterday, Elon has tweet about "Do you want TESLA accept Dogecoin?" I think that's just like a hint from Elon Musk.
Conclusion : NANO coin or DOGECOIN. That's the biggest chance for TESLA accept later.
NFA (not financial advice)
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