Welcome to another edition of Business Twitter, where we collect the best tweets to come out of Silicon Valley so you don’t have to.
Elon Musk’s history with cryptocurrency is rather complicated.
Ironic because no incremental energy is used in a #bitcoin transaction.
Despite many people in the crypto community saying Bitcoin isn’t as bad for the planet as people think, crypto mining actually uses up a lot of energy, according to the Thomson Reuters Foundation.
That makes it difficult to round up, but there’s no doubt that some groups of miners use a staggering amount of fossil fuels to mine crypto, and Musk’s decision was based on fact.
Bleacher Report and Inverse founder Dave Nemetz is obsessed with building an audience on Twitter.
First off, you don’t need to be an expert in your field to get people to notice you.
“A capitalist accumulates capital, and in a world of perfect competition all the capital gets competed away.” He likened Google’s monopolistic nature to capitalism, and the restaurant industry’s cutthroat nature to competition.