The billionaire CEO of SpaceX and Tesla, Elon Musk suggested he has warmed up to Ethereum (ETH) in a recent tweet:
The tweet was part of a discussion regarding the proliferation of fake Elon Musk accounts. Those accounts spread the Ethereum giveaway scam, in which users are promised a huge return, if they send a small amount of ETH to a wallet. The scam has affected prominent accounts in the crypto space, with Elon Musk’s Twitter also heavily affected. Recently, Twitter started a fight against scam bots by blocking anyone using Musk’s name.
The tweet does not give details on whether Musk would actually do anything with Ethereum. Some analysts have suggested that Musk could use cryptocurrency to take Tesla private. Or make an initial coin offering (ICO) via the Ethereum network to raise funding for the initiative.
While there are niche attempts, such as linking the Tesla Ridershare platform with the EOS network,the electric car manufacturer has no direct plans of using blockchain technology, neither the Ethereum network.
The tweet arrives at a moment when the utility of the Ethereum network is questioned again. As ETH market prices fell below the…
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