Nic Carter says that Elon Musk is not the right person to lead the green Bitcoin debate

Nic Carter of Castle Island Ventures believes that Elon Musk is not the right person to lead the “clean bitcoin” debate, “probably not in terms of the bitcoin community.”

he tell Bloomberg said: “Bitcoin manufacturers are still skeptical of Musk, and considering that part of his business involves offsetting transactions, they think he is in conflict.”

However, Carter emphasized that asking Bitcoin miners to be more transparent about their energy structure is a good suggestion, no matter where it comes from, it implies the recently established Bitcoin Mining Committee.

He pointed out that Bitcoin is a decentralized synthetic commodity that is very resistant to regulation. If you prohibit the use of Bitcoin in one jurisdiction, the hash power will flow directly into the new jurisdiction. Even if every country prohibits this, there will be no shortage of friendly jurisdictions.

Carter recommends that policymakers should create a greener grid for energy mining, rather than ban Bitcoin because of energy consumption.

Bitcoin miners in North America are cleaner than many other industrial electricity users. Carter believes that this is why miners will defend them with the idea of ​​being more transparent about the energy they use.

Carter does not seem to believe in the statement that “Bitcoin is used for money laundering.” He said that any monetary system will always be used for crimes, and pointed out that the US dollar is used for illegal purposes much more frequently than Bitcoin.

Carter believes that linking Bitcoin to criminal activity is a strange angle, “because Pablo Escobar (Pablo Escobar) piled up dollars in his basement, so we didn’t ban them.”

This Bitcoin Mining Committee established Driven by MicroStrategy CEO Michael Saylor, after Elon Musk held a meeting with leading Bitcoin miners in North America.The main goal of the committee is to promote transparent energy use and accelerate sustainable development plans on a global scale. Tweet.