Elon Musk : Bitcoin is useless!

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In a podcast interview with Lex Friedman, Elon Musk reiterated in response to recent rumors that he was not Satoshi Nakamoto.
However, he believes that computer scientist and cryptographer Nick Szabo is more responsible for presenting the ideas that led to the creation of the world’s first cryptocurrency. Of course, Sabo has denied such a claim. “Mask,” he said.
He claims he is not Nakamoto, but I’m not so sure. In my opinion, he is most responsible for presenting the ideas that led to the creation of Bitcoin.

Bitcoin speed is low!

Because bitcoin is so long overdue, Musk believes that bitcoin’s cryptocurrency is a store of value for money and useless for daily payments. Musk went on to say that Dodge Quinn has a much higher trading capacity than the king of cryptocurrencies in the world, and at a lower cost.
Currently, if you want to make a transaction on the Bitcoin platform, the price will be very high, so it can not be used in purchases or other applications. Scalability and trading volume are not suitable for this either.
Due to poor internet infrastructure, low blockchain volume, and slow blockchain production in 2008, this was normal, but the current bitcoin speed is “ridiculously” slow.
When asked about the Dodge coin’s arrival on Mars from Mask, he said the Red Planet would have to use another coin because it would be difficult to sync transactions because of the speed of light.
The famous billionaire, who has a deep understanding of the concept of money because of his experience in creating PayPal, believes that the current financial system is very old. We are in 2021, but banks are still buying CPUs and running the very old COBOL code.
He added that the government is responsible for editing the money database, which allows them to print more money whenever they want. He believes that central banks can manipulate the value of money for different purposes, noting that cryptocurrencies can solve such problems.
Finally, the CEOs of Tesla and SpaceX introduce money as a database for proper allocation:
If you are on a remote island and do not have food to eat, all Bitcoins in the world can’t stop your hunger.

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