IOHK CEO Charles Hoskinson stated in his Lex Fridman podcast that Elon Musk’s Tesla company should prefer Cardano (ADA) instead of Bitcoin (BTC).
According to Hoskinson, if the company really cares about sustainability and carbon neutrality, it should abandon Bitcoin and choose Cardano.
Hoskinson, however, reluctantly accepts the argument that Bitcoin can use wasted energies. But he says Tesla needs to make a legitimate defense that the spread of Bitcoin will also multiply solar and wind power. Otherwise, he says, the company should focus on the “greenest” crypto. Hoskinson previously stated that Cardano is 1.6 million times more efficient than Bitcoin.
“Least Programmable Currency”
Alongside climate change concerns, Hoskinson also notes that Bitcoin is the “least programmable cryptocurrency” that prevents it from doing “interesting, unique and sexy things.”
For example, if Tesla wants vehicles to communicate with each other, Bitcoin will not be suitable for having the Internet of Things (IoT) layer, according to the Cardano creator:
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.