Elon Musk has finally entered into the cryptocurrency world according to multiple resources the boring company promoted by mask started accepting cryptic currencies like Bitcoin etherium Bitcoin cash a light coin those of you who are not familiar with boring company the name does not speak for itself at least my opinion it's not so boring after all
The boring company is an infrastructure and tunnel construction company founded by Elon Musk back in 2016
The boring company's mission is to eliminate traffic in the major cities by creating a network of underground tunnels that will provide a new way to rapidly move from one place to another that's definitely not boring and seems very cool and useful
Currently the company's building is first channel in Los Angeles Mosca decided to sell a line of unique items promoting the venture including heads and new famous not the flamethrower
According to The Next Web which reported this news first the company is now accepting Bitcoin aetherium litecoin Bitcoin cash along with traditional payment methods these flamethrowers which have notably nothing to do with the company's actual business are currently retailing for $500 apiece according to their website they sold twenty thousand already if you're looking to buy one of those things hopefully you will not burn your house pay with cryptocurrency better the current exchange rates with quotes to 0.08 BTC 1.14 BCH 2.46 ETH and nine point 43 LTC
Mosque had several flirtation with cryptocurrency this year in February 2018
Elon Musk revealed that he is literally owned zero cryptocurrencies in an apparent attempt to warn his followers not to interact with fake Elon Musk on Twitter in July this year again Musk tweeted in a connection to the crypto scammers on Twitter had been impressed by the skills as they keep on reserving even after numerous attempt to shut them down
He was also spotted with the book on cryptocurrency back in March musk has also remarked on the mad skills of malicious BOTS on the Twitter are relentlessly copying celebrities and then trying to convince people to give away the cryptocurrency mask equipped that he once etherium even if it's a scam in September impressed by the simplicity in which dogecoin is coded the way Jackson Plummer is digging the success path with his blockchain project Elon Musk has reached out to Plummer asking him for a solution that could stop the scam spamming so musk dispute with cryptocurrencies has finally came to the end and his company has finally come in acceptance with cryptocurrency crypto enthusiasts can finally just accept Elon Musk and hopefully he can bring some more positivity along with some more investors on the board of cryptocurrency sheep as he has done with other of his ventures
Now let's talk about how electrical cars such as Tesla which can provide the roadmap for Bitcoin and cryptocurrencies startups
Startups focused on cryptocurrency and blockchain which a different kind of digital cash and the platform that allows digital cash to be exchanged are enormously popular right now
Investors in this startups venture and they will double their money in 2017 compared to the previous years and have only been increasing in 2018
In late May by Nantz the world's largest cryptocurrencies change announced it was launching a 1 billion dollars venture fund for blockchain and cryptocurrencies startups For all the excitement surrounding these problems in technology the industry confronts an obstacle that is common to many emerging technologies where a few people have a strong grasp of what blockchain and cryptocurrency actually are executives who are approached to work for those startups he have usually heard of Bitcoin the most well known cryptocurrency they may also know blockchain that has something to do with securing digital currency however they often have a poor understanding of what Bitcoin really is and the possibility of dynamic industry the lack of knowledge can bring challenges to startups that wants to be successful in this disruptive technology
Blockchain and cryptocurrency companies can take a lesson from the past using the model that was employed by the electrical car industry 15 years ago
The situation with blockchain and cryptocurrency reminds me of car electrical cars were viewed in early 2000 in 2003 the most popular electrical car company Tesla came to live however back then mentioning of electrical car would immediately trigger a host of basic questions
Are electrical cars safe?
how far can they go before they stop?
how long will the battery last how expensive?
are those things ?
what the heck am I supposed to charge batteries?
yes yes a lot of questions a lot of
skepticism and confusion but that's okay this is how every disruptive industry starts unsurprisingly the same way we can say about blockchain and cryptocurrency nowadays
what is this Internet money ?
creating new money is illegal it must be a scam?
how does this work anyway?
back then customers refused to sit in the electrical car and of course no one wanted to buy these dangerous and other reliable things but 15 years into the future a lot of customers seems to like those electrical cars it is clear with this mindset it is much easier to buy them now than back in the past
A recent report from the research firm determined that the global sale of electrical cars are expected to climb from 1.2 million in 2017 to 1.6 million in 2018 and then jump to 2 million in 2018 Tesla is not the only one in this game Porsche wants to make a half of its cars electric by 2025 BMW and other leading automobile makers have announced aggressive plan for introducing electrical vehicles today not many people are skeptical anymore especially when they see electrical car park at the charging station at the local supermarket
Getting educational no no I'm not telling you to go back to school what I'm talking about is the acceptance of electrical industry was not mattered back in 2000 but rather the result of right approach to introduce new technology that confused and even worried some people the learnings that came out of the electrical industry are once the blockchain and cryptocurrency startup should follow today as they search for investors and new talents
Every time Electrical car company communicated with the world from their website to the marketing team to their prospective talent they took an educational approach the help push the industry forward this foundation built bit by bit through relentless ongoing education allowed electrical car companies to approach talent in different ways because the technology that that seems to be foreign
As a result electrical cars companies could sell the dream of what they were trying to accomplish
In the same way Bitcoin and cryptocurrencies companies can only help prospective employees appreciate the unique opportunities they offer if they understand the industry first
The firms selected material and job description should lay all those out providing the context for candidates to appreciate the dream they could be a part of
Beyond the Buzzwords
like with Bitcoin and cryptocurrencies today exactly what people the electrical cars needed in 2000 was not clear with industries data building technology from the scratch there is not a standard resume for candidates and ideal employee because few people who directly experience working with the emerging technology recruitment must be creative and figuring out mindset of the problem-solving skills that will be necessary as the industry evolves in the case of blockchain start-ups need to search and take similar approach as electrical car industry did determining the unique needs and finding employees whose hobbies or parallel industries have allowed them to develop the desire skill set
At the moment Bitcoin and cryptocurrencies are still an emergent industry that remains weird to many people the terms Bitcoin and cryptocurrencies still exist in the land of buzzwords which makes people curious while this presents a challenge it also gives a huge advantage to startups that approach this smartly since they can move ahead of the pack and differentiate themselves from the competition