Tesla and SpaceX CEO Elon Musk responded to a follower via social media, casting a positive light on Marscoin. “Is cryptocurrency at the heart of the Mars economy, instead of ordinary money?” he brought the question.
Lex Fridman, who studies artificial intelligence and machine learning at MIT in the United States, made a proposal on his Twitter account: cryptocurrency will be at the heart of the Mars economy. This proposition, which attracted thousands of people, sparked a debate.
Some have suggested that the Martian economy will not be based on cryptocurrency; some have suggested that an original “economy” will not be formed there on Mars, while others have suggested that coins similar to the fiat coins used on Earth can be used there. At this time, the idea of Marscoin came to mind.
Does Elon Musk produce Marscoin?
There were those who responded wittily to this suggestion, voiced by Fridman. One social media user tagged Elon Musk, commenting” (on Mars) probably uses Dogecoin.” On December 20, Musk tweeted about Dogecoin, and the price of the Doge increased by more than 20% after that.
Another social media user argued that a different cryptocurrency could be used on Mars, not Dogecoin. He has been a TSLA investor since 2017, and said a new cryptocurrency called Marscoin could be seen.
Elon Musk gave a fairly simple response to this suggestion: “Yes.”
Will Tesla switch from dollar to bitcoin?
Elon Musk came up with his statements on December 20th, not just about Dogecoin, but about bitcoin. Musk, who first said he found Bitcoin “as ridiculous as fiat money,” then entered into a dialogue with MicroStrategy CEO Michael Saylor.
Saylor’s suggestion to Musk was that Tesla would sell its dollar reserve and buy bitcoin. The transaction, which could be worth $ 100 billion, could return to Tesla as a 10-fold gain, Saylor said. “Is it possible to make such large transactions(with Bitcoin)?” said.