The Crypto Council for Innovation (a new partnership between Duke University, North Carolina State University, and Duke Energy) held the “The B Word” conference a month ago, with the goal of teaching more financial institutions about Bitcoin.
Elon Musk has been added to the list of participants. He’ll be in the company of Jack Dorsey, Cathie Wood, Adam Back, and others.
Elon Musk, the CEO of Tesla and SpaceX, will speak at a cryptocurrency conference this weekend with other industry leaders.
The B Word Conference
Musk will speak at “the B Word” initiative’s first event on Wednesday, July 21, according to the group’s website. Several live interviews will be done throughout the conference, including ones with Musk, Cathie Wood of ARK Invest, and Jack Dorsey of Square.
Just as companies and institutions are beginning to embrace Bitcoin, we must all make a larger effort to prioritize the community and help it, even when it seems to be at odds with our own interests. In the long term, extending the time period will benefit everyone.
Following the news that Tesla will begin accepting Bitcoin payments, it has recently been revealed that this will no longer be the case. Furthermore, Tesla bought and sold $272 million in profits using Coinbase in Q1 after Musk publicly backed cryptocurrencies and bitcoin on Twitter.
“The B Word” is an online conference aimed at spreading the Bitcoin word and addressing some of the concerns about the cryptocurrency’s impact on the environment.
Fidelity, Coinbase, Square, and Paradigm Venture Partners are among the members. Elon Musk signaled his attendance later on.
Musk had promised to attend the conference informally earlier this month after a Twitter conversation with Dorsey. The announcement by the Crypto Council today is the first official indication that Musk had accepted their offer.
Musk and Dorsey’s Differing Views on Bitcoin
Even though their perspectives on Bitcoin differ, Dorsey and Musk have similar ideas on cryptocurrencies. Musk is concerned about the blockchain’s high energy consumption, whereas Dorsey is unapologetic about his enthusiasm for Bitcoin.
Tesla said in February that it will begin accepting Bitcoin payments but then claimed that it had changedits mind. “Cryptocurrency is a great idea in general,” Musk added, “but we believe it will have a good future regardless of the environmental impact.”
For a long time, Dorsey has been working to reduce the environmental impact of proof-of-work mining. In a study released on Earth Day by Square and ARK Invest, both of which have been heavily criticized, Bitcoin was promoted as a “perfect complementary technology for renewables and storage.”