It may seem like an April Fool’s joke, but the creators of the StopElon cryptocurrency obviously mean it. Behind the new virtual coins is a group that started developing the cryptocurrency FuckElon some time ago, but subsequently the name was changed to StopElon due to its overly derogatory name.
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Even these virtual coins are actually traded on selected exchanges. And what is perhaps even more interesting, their exchange rate is rising significantly – after the last Muska scandal, the value has even increased fivefold.
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However, it is necessary to add with one breath that the course is still negligible in comparison with other cryptocurrencies. It was originally $ 0.0000017 (CZK 0.000035), but subsequently jumped to $ 0.0000107 (CZK 0.00022). The creators claim on their official website that virtual coins are already owned by thousands of people.
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At the same time, the creators make no secret of the fact that they do not want to get rich on the new cryptocurrency – instead, they want to “destroy” Musk. The whole StopElon cryptocurrency was invented in such a way that all the money intended for fees, which are normally received by miners and stock exchanges, is gradually transferred “to one pile”. When there are enough of them, Tesla shares will be systematically bought for them.
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Given that Musk currently has only a 22% stake in the company, they want to control it in this way.
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Elon Musk
Foto: Mike Blake, Reuters
One tweet and cryptocurrencies fall
They don’t care what effect Tesla’s actions have on the cryptocurrency market. It was Musko’s decision that drove bitcoin – and subsequently other cryptocurrencies – to dizzying heights. The carmaker Tesla became a major player in the cryptocurrency market in February, when it bought bitcoins for $ 1.5 billion (over 32 billion crowns). The exchange rate reacted almost immediately by growing by more than $ 10,000 (CZK 211,810) in a single day.
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A few weeks later, people could buy Tesla electric cars for bitcoins, which again supported growth.
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After just two months, however, everything is different, Musk announced on Twitter that he is suspending bitcoin payments. He justified this by saying that he was “bothered by the growing consumption of fossil fuels in bitcoin mining.” However, he emphasized that he still considered cryptocurrencies to be the currency of the future. The course of practically all cryptocurrencies thus began to fall dramatically.
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And another big drop came at the turn of last week and this week. An unauthenticated Twitter user nicknamed Mr. Whale said: “Bitcoin owners will slap themselves next quarter when they find out that Tesla has sold the rest of its bitcoins. But I wouldn’t blame Elon Musk for that. “
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Surprisingly, Musk himself responded with a laconic message “indeed”. However, it is not clear from the affirmative answer whether one of the richest people in the world reacted to the sale of bitcoins or to the issue of hatred. Nevertheless, it caused panic in the market and, due to sales, the exchange rate began to fall again.
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Although Musk put the information right after a few hours and emphasized that Tesla had not sold any bitcoins, the prices of the individual cryptocurrencies had not risen to their original value.
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