Elon Musk’s Recent Tweet Sparks Reaction from Bitcoin Community and Adam Back
Adam Back, a famous British cryptographer and early Bitcoin supporter, has proposed a plan to improve user data protection on Twitter. This comes after Twitter CEO Elon Musk responded to a comment urging the protection of anonymous accounts. Musk stated that Twitter would protect anonymous accounts, but Back suggested implementing Bitcoin payments for a gold verification tick to avoid payment doxxing. He encouraged Musk to “just do it and stop messing around.” Many other Bitcoin users also supported Back’s suggestion in their responses to Musk.
In other news, a major XRP-themed account jokingly tweeted that they would buy Tesla’s Cybertruck as soon as Tesla starts accepting XRP. Musk had previously mentioned that he had gone for a drive in a Cybertruck around Austin, Texas. Currently, Tesla and SpaceX only accept Elon Musk’s favorite cryptocurrency, Dogecoin, for payments. In the past, Tesla had briefly accepted Bitcoin payments but reversed it due to concerns about the environmental impact of Bitcoin mining. Musk stated that they would resume selling cars for Bitcoin once mining becomes at least 50% renewable. Although Tesla had invested in Bitcoin, they gradually sold it. The crypto community hopes that Tesla will start accepting cryptocurrencies like Bitcoin and Dogecoin for car purchases, as this would significantly boost the adoption of crypto.
Overall, Adam Back’s proposal to implement Bitcoin payments on Twitter and the desire for Tesla to accept cryptocurrencies for car purchases reflect the growing acceptance and potential use cases of digital currencies in mainstream platforms. These developments can help enhance user privacy and expand the adoption of cryptocurrencies in various industries.