Binance CEO, Changpeng Zhao (CZ), took to Twitter to share his thoughts about the ongoing concerns regarding crypto energy use.
When you use electricity to run cars, it’s environmentally friendly.
When you use electricity to run the most efficient financial networks in the world, it’s an environmental concern.
CZ’s tweet seems to be in direct response to Elon Musk’s Bitcoin comments earlier this month.
Another user @JeffKirdeikis also responded to CZ pointing out that Bitcoin is more energy efficient compared to traditional finance.
Meanwhile, Musk partnered with MicroStrategy CEO Michael Saylor, and some North American Bitcoin miners to form the Bitcoin Mining Council.
Perhaps in an act of remorse, Musk aims to improve reporting Bitcoin energy consumption. »