Not just because they're more energy efficient, but because a lot of them do more. And there's a lot of institutional money that's leaving proof of work coins, and it's going into greener alternatives.
So all coins at this point are worth more collectively Bitcoin is. And if you look at Bitcoin dominance, I think it's about 47%, 46%. And unfortunately, the people in the Bitcoin space, some of them feel that there's only one truth, the wood-powered steam engine.īut what's nice is that there's a big pivot. You know, we've innervated to a point where you don't need to clear cut those forests anymore. We have millions of people floating around, thousands of academic papers, millions of lines of code.Īnd an enormous amount of technological investment, and we've just simply moved on. Remember, now we're in a different place. The goal of Bitcoin was really saying, hey, we want a decentralized settlement system, and we can teleport this digital gold anywhere in the world instantly. And so similarly, innovation get you out of these situations. And there's a lot of great products and market that could potentially be a better fit for Tesla's goals.Īnd they were able to mitigate that. And we're happy to have a dialogue and discussion. And so we tried to say, hey, there's- there's more to the story. And then Bitcoin is the kind of system that uses terawatts of power, many, many terawatts, to the point where it uses more energy than nation states.Īnd so it was always curious to me why a company that professes to be very ecologically friendly, you know, renewable vehicles, alternative energy, batteries, would embrace the least ecologically friendly of all cryptocurrencies, especially when there's really no security reason for doing so. You can run a global scale system that has equivalent or better throughput to Bitcoin, or Dogecoin, for gigawatts of power, if not less. And so the kinds of engines we build with our company and many other people in the space, the third generation crypto currencies, are very efficient. Some of them are very low power and some of the very high power. And that's what runs them and that's what allows you to process smart contracts and transactions, and engines. So basically, all cryptocurrencies, they have a consensus algorithm. And it revolves around engine efficiency. It's been going on since 2011, the whole proof of stake versus proof of work dispute. I mean, in general, this is an old dispute that we've had in the cryptocurrency space. 💥 Listen to content on Apple Podcasts - Ĭopyright © 2023 Thinking Crypto Podcast All rights reserved.Ĭharles Hoskinson is the founder of Cardano and cofounder of Ethereum.CHARLES HOSKINSON: No, I haven't heard from Elon.
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Charles hoskinson interview free#
💥 Sign up for the Free Thinking Crypto Weekly Newsletter 🚀 Get the Ledger Nano X to Safely store your Crypto. In this interview we discuss Cardano ADA's growth and adoption, vision for Africa, DISH and Boost Mobile partnerships, Dapps, NFTs, Stablecoins on Cardano, US Crypto regulations and more! Charles Hoskinson is the founder of Cardano and cofounder of Ethereum.
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