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Creator of Meme Cryptocurrency Dogecoin Brand Elon Musk “Self-Absorption Glyphter”

After Tesla’s CEO called the meme-inspired cryptocurrency value “hustle” at Saturday Night Live, Dogecoin co-creators branded Elon Musk as a “self-absorbing glyphter.”

Australian entrepreneur Jackson Palmer, who created American Billy Marcus and Dogecoin in 2013, targeted Musk with a series of tweets deleted Thursday.

In his second tweet, he added: “Remove this in a minute is all I have to say and enjoy a quiet life.”

Palmer continued another jab in connection with the performance of Musk, which hosts SNL a few days ago, writing: The episode of SNL was terrible.

The value of cryptocurrencies plummeted in a tweet the day after Tesla announced that it would no longer accept Bitcoin as a payment due to environmental issues.

Dogecoin recorded a similar hit after Musk referred to SNL’s cryptocurrency-almost certainly increasing Palmer’s anxiety with the CEO.

Musk can be seen visiting the construction site of Tesla's Gigafactory in Grünheide, Germany, on Monday.

Dogecoin co-creator Jackson Palmer (left) called Elon Musk (right) “Hustle” after Tesla’s CEO called meme-inspired cryptocurrency a “hustle” at Saturday Night Live. Branded as “Self-absorbing glyphter”

Palmer aimed at musk in a series of tweets that were deleted on Thursday, writing:

Palmer aimed at musk in a series of tweets that were deleted on Thursday, writing:

In his solitude, Mask himself did not mention Dogecoin by name, dramatically plunging the price of volatile assets, as he said.

Mother May, who made a guest appearance on Mother’s Day, said she wanted his gift not to be Dogecoin.

Later in the weekend update segment, Musk appeared in the character of “Financial Expert Lloyd Ostertag” and described cryptocurrencies, including Dogecoin.

“It started as a joke based on internet memes, but now it started in a very realistic way,” he said. Pressed over and over again to explain what Dogecoin is, “Ostertag” finally admitted: “Yes, it’s noisy!”

Breaking the character, Mask laughed and shouted, “Towards the moon.” With the cry of a doge coin booster rally.

Palmer, who founded Dogecoin seven years ago to “take a jab” with all the new altcoins on the Bitcoin-dominated market, commented on Musk and subsequently reduced the value of his cryptocurrency. I was clearly not impressed with.

Musk has a history of provocative tweets about the market that landed in the hot water of the Securities and Exchange Commission (SEC) and was fined $ 20 million.

He triggered his latest uproar on Sunday by posting a mysterious tweet suggesting that Tesla had offloaded Bitcoin holdings.

It is written in response to tweets from random accounts as follows: I don’t blame @elonmusk because he hates him. “

Musk replied mysteriously: “Sure.”

After that tweet, Bitcoin prices fell more than 20% to below $ 43,000. This was worth less than $ 45,000 for the first time in three months.

But early on Monday, Musk tweeted: “Tesla doesn’t sell Bitcoin to clarify the guess.”

One Bitcoin was worth $ 42,475 minutes before his tweet. After 15 minutes, it was worth $ 44,831.

Prices fluctuated slightly over the next few hours, at $ 44,841 at 5 pm EST, up 0.89 percent from 24 hours ago.

Cryptocurrencies were sold for about $ 56,000 Wednesday morning before Telsa’s announcement that it would no longer accept Bitcoin as a payment.

Musk plunged Bitcoin prices on Sunday by posting a mysterious tweet suggesting that Tesla had offloaded its holdings of the dominant cryptocurrency.

Musk plunged Bitcoin prices on Sunday by posting a mysterious tweet suggesting that Tesla had offloaded its holdings of the dominant cryptocurrency.

A few hours later, Musk revealed that Tesla wasn't actually selling Bitcoin.

A few hours later, Musk revealed that Tesla wasn’t actually selling Bitcoin.

Musk's 1.56 am tweet surged the value of Bitcoin from $ 42,475 to $ 44,831 in 15 minutes. The graph above shows the price at 5 pm EST on Monday.

Musk’s 1.56 am tweet surged the value of Bitcoin from $ 42,475 to $ 44,831 in 15 minutes. The graph above shows the price at 5 pm EST on Monday.

Tesla bought about $ 1.5 billion worth of Bitcoin in February. Around that time, it announced that it would accept cryptocurrencies as payments for its products. But earlier this week, it was revealed that the company sold about $ 272 million in Bitcoin in the first quarter of this year.

Tesla still has over $ 1.2 billion in Bitcoin, according to calculations based on the latest earnings reports.

The company has sold hundreds of millions of dollars worth of cryptocurrencies In the first quarter of 2021, it reportedly accounted for 23% of Tesla’s revenue over the three months.

Without Bitcoin sales, the company would have missed its quarterly earnings target, NYU Business Professor Scott Galloway Written on twitter on Friday.

Bitcoin, the world’s largest digital currency, has skyrocketed five-fold in the past year alone.

This rise occurs as the debate over the environmental costs of the world’s most popular cryptocurrencies intensifies.

Crypto is “mined” by high-performance computers that require large amounts of energy to continuously solve computational math puzzles. Each time the problem is resolved, a certain amount of coins will be generated.

Machines use electricity, but fossil fuels are a major category of electricity generation.

Environmentalists argue that the creation of cryptocurrencies can harm efforts to limit global warming.

As NYU business professor Scott Galloway tweeted, the company reportedly sold hundreds of millions of dollars worth of cryptocurrencies in the first quarter of 2021 and accounted for 23% of Tesla's revenue over the three months.

As NYU business professor Scott Galloway tweeted, the company reportedly sold hundreds of millions of dollars worth of cryptocurrencies in the first quarter of 2021 and accounted for 23% of Tesla’s revenue over the three months.

Tesla also announced on Wednesday that it will not accept Bitcoin as a payment due to environmental issues.

Tesla also announced on Wednesday that it will not accept Bitcoin as a payment due to environmental issues.

According to a BofA Securities report, rising Bitcoin prices over the past two years have increased carbon emissions by more than 40 million tonnes. That rise represents 8.9 million additional cars on the road.

According to the same report, Bitcoin’s energy consumption is comparable to that of major US companies such as American Airlines and the US government.

Bitcoin also consumes more power than many countries.

According to indicators compiled by the University of Cambridge, which cites 2019 data from the US Energy Information Administration, it consumes about the same amount of electricity each year as Egypt.

“The trend in energy use over the past few months is insane,” Musk tweeted a link to the study on Thursday.

He later tweeted: “For clarity, I strongly believe in cryptography, but it cannot promote the use of fossil fuels, especially the significant increase in coal.”

Photo: Graph showing data from the Cambridge Bitcoin Power Consumption Index (CBECI), which shows the energy consumed by Bitcoin. Consumption rose to a record high towards the end of last year and will continue to rise until 2021.

Photo: Graph showing data from the Cambridge Bitcoin Power Consumption Index (CBECI), which shows the energy consumed by Bitcoin. Consumption rose to a record high towards the end of last year and will continue to rise until 2021.

Tesla is eager to stay away from Bitcoin due to its negative impact on the environment

Tesla is eager to stay away from Bitcoin due to its negative impact on the environment

This week’s Bitcoin tweet isn’t the first time Musk has manipulated the stock market with his Twitter account.

In January, Tesla’s founders added the word “#bitcoin” to Twitter’s biography to encourage cryptocurrency prices to skyrocket.

Billionaire is a very influential person on Twitter, followed by 43.8 million users.

However, he has a record of making market-moving comments on the site, which caused widespread criticism and led him to legal issues.

In August 2018, Musk shared a tweet claiming that Tesla was “funded” to keep it private for $ 420 per share. It soared the company’s stock and forced the company to suspend trading.

Musk reportedly earned $ 851 million as a result of posting the tweet.

The Securities and Exchange Commission (SEC) has accused Musk of fraudulently with “false misleading tweets” and claimed to have chosen a price of $ 420 because it is a reference to marijuana that “entertains” girlfriends.

Musk was fined $ 20 million and was forced to resign as Tesla’s chairman after reaching a settlement with the Commission.

Later that year, Musk and the SEC subsequently reached another agreement requiring millionaires to tweet on a particular topic pre-approved by an experienced securities lawyer.

He may not now tweet information about Tesla’s financial position, potential merger or offer, production or sales, or new or proposed line of business.

In January, Tesla's founders added the word

In January, Tesla’s founders added the word “#bitcoin” to Twitter’s biography to encourage cryptocurrency prices to skyrocket.



Creator of Meme Cryptocurrency Dogecoin Brand Elon Musk “Self-Absorption Glyphter”

SourceCreator of Meme Cryptocurrency Dogecoin Brand Elon Musk “Self-Absorption Glyphter”

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