Tesla CEO Elon Musk views Bitcoin as a fundamental energy-based currency .
, Elon Musk, the richest person in the world, has just broken his streak of Bitcoin silence, calling the flagship coin a"fundamental"physics-based currency." "Energy is the true currency. This is why I said Bitcoin is based on energy.
You can't legislate energy. You can't just, you know... pass a law and suddenly have a lot of energy," Musk said. Musk has added that it is very difficult to generate energy, or, especially, to harness energy in a useful way. Morning Crypto Report: Vitalik Buterin Issues Zcash Warning, XRP Teases 69% Price Rise, $100,000 BTC Is Real in 2025: Bollinger BandsHe argues that the Kardashev scale, which categorizes civilizations based on the amount of energy they are capable of using, should be used for framing civilizational progress in terms of energy mastery. Musk has also predicted that money will disappear as a concept in the future. "But, in a future, where anyone can have anything, I think that you no longer need money as a database for labor allocation," Musk said. Musk has suggested that artificial intelligence and robotics could be big enough in order to satisfy all human needs, thus eliminating the need for money. The Tesla CEO has mentioned Iain M. Banks’ Culture series as the blueprint for his vision. This is a set of science-fiction novels describing one of the most fully realized post-scarcity civilizations in literature. The Culture is a galaxy-spanning civilization where there is no money, no scarcity, work is optional, people live extremely long, and super-intelligent AIs run almost everything. "In this sort of far future of the Culture books, ...they don't have money, either. And everyone can pretty much have whatever they want," Musk said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk’s former humanoid engineer to help advance Xiaomi’s robot handBeijing-based Xiaomi is ramping up its robotics research and development to compete in the growing global humanoid market.
Read more »
'Rich Dad Poor Dad' Author Recommends Bitcoin as Tool to Get Rich While World CollapsesWith the global market continuing to show signs of a major correction, Robert Kiyosaki believes Bitcoin and Ethereum have the power to save the impending financial crisis.
Read more »
Netflix’s Tragic New True Crime Movie Is an Instant Success With Over 10M ViewsDespite only recently making its way to Netflix, a new true crime movie is knocking out heavyweights to solidify its place in the rankings.
Read more »
What makes a true Santa is inside – and comes with the red suitMany who do this work don’t see it as just a job – it’s a calling.
Read more »
Matt Eberflus has been true catalyst behind Cowboys’ 3-game surgeThere's a lot of credit to pass around during the Dallas Cowboys' three-game winning streak, but defensive coordinator Matt Eberflus has been the main catalyst.
Read more »
Bitcoin Faces Additional Downward Pressure as Traders Increase Exchange Deposits: CryptoQuantLarge investor deposits are driving exchange inflows, boosting the average deposit sizes for BTC and ETH.
Read more »