So after we had a Twitter spat going back and forth about Cardano, he actually got personally involved in those negotiations. And I had no idea that they were talking. So he has this NFT marketplace that he's been building, and our people were talking to his people about an MOU for integration. We both didn't know that we were already talking to each other. I mean, what is it that sets Cardano apart that you've been stressing to some bigger names like him?ĬHARLES HOSKINSON: Yeah, well it's interesting about Mark Cuban in particular. Yeah, and Charles, when it comes to how Cardano fits into that mix, right, we've talked a lot about it being an Ethereum killer, so-called it Ethereum killer, for a while, when we talk about the technology- the technology that it offers, I know you also chatted with Mark Cuban about potentially being the platform that he could look to. They have metadata, and these are the bread and butter if you actually want to do real financial applications that are regulated, and actually mobile. 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. CHARLES HOSKINSON: No, I haven't heard from Elon.
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