Elon Musk, Tesla and a Crypto Fork
Open discussion: Will we see a Tesla Coin?
I will attempt to make this as short as I can due to the topic being open for discussion and not very informative. I noticed that today, February 21st, 2021 Elon Musk updated his Twitter profile to read “meta fork”. Because of all the recent cryptocurrency talk from Elon’s Twitter, and his previous profile bio reading #bitcoin “cryptocurrency fork” stood out to me.
“A cryptocurrency fork is an update to the software governing the distributed network that makes existing rules either valid or invalid — sometimes resulting in spinoff versions of Bitcoin.”
Not only did Elon change his Twitter bio to reflect the fork mention, but his profile photo is a “Fork in the road”.
Elon is known for toying with us and giving us subtle hints or little Easter eggs into the future, but can it be this blunt? Why is Tesla suddenly so interested in Bitcoin and Doge? Is there a plan for Tesla to fork a cryptocurrency of some sort for their own Tesla coin?
I recently commented on a post in regards to Elon and Bitcoin and the response was actually a bit impressive. I’ve included a screenshot of it with my personal information censored for obvious reasons.
In the past I’ve had a theory, that many have looked at me with a “WTF” face or “That will never happen” kind of response.
My question; Will a Tesla model mine it’s own cryptocurrency coin using it’s unused resources of energy while in motion?
Tesla Coin? Uber, Lyft, DoorDash?
The cryptocurrency coin, let’s call it “Tesla Coin” would most likely collect a percent of the coin mined within the Tesla Coin’s network, therefore providing some “kickback” to Tesla themselves. The goal would be to expand a payment system, first starting with the ability to pay at a charging station, then next perhaps a Tesla App Store.
There are many endless possibilities where I could see a Tesla Coin being used other than to pay for it’s own charging, such as pushing it into a corporate atmosphere with Elon’s influence towards DoorDash, Uber/UberEats, and even Lyft. Imagine a Uber driver driving a Tesla while their Tesla is mining the coin, it pays for the drive and charge and the payment to Uber or UberEats from the end user is discounted for using the new coin perhaps. The more people use it, the more it grows, the more value is added. The more people drive to do their daily tasks, or take trips with their Tesla and mine while driving, which could pay for their re-charge, and anything left over might be able to pay for that Uber ride at their destination or DoorDash order.
Feel attractive today?
The most attractive idea is that the Tesla car now pays for itself using it’s own energy while in motion; the more you drive, the more you mine, the more you collect. I’m sure there are many flaws to this idea that I have not sorted out, but this is why Tesla has such fantastic engineers.
These are all very basic “tokenomics” behind the idea, so as I said this is open for discussion and I’d really like to hear your ideas, even if they stem off of this idea. I do understand this may make it centralized as well but the possibility to be able to harness an unused energy to store value seems impressive.
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