Will Elon Musk ever drop a crypto via SpaceX?

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dr_zeroFull Member
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#1Apr 14, 2017, 04:36 PM
Do you think Elon Musk will ever actually go for launching a crypto from SpaceX? I get it, it might seem a bit out there, but honestly, he’s always had his ideas doubted. Yet, every time, he’s managed to prove the skeptics wrong.
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#2Apr 14, 2017, 04:49 PM
With the memecoins craze and the rest of that, anything is possible for Elon musk right now, we can't predict how far he can go after all he is a business man and a crypto whale with significant presence in the memecions worya d even the influencer of many shitcoins, Dogecoin is one of his favorite memecoins, so launching a coin from SpaceX is somewhat not our of reach for Elon musk.
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#3Apr 14, 2017, 09:12 PM
Who knows. If he does it, for sure that many are going to buy it as quick as they can and when they do, they're just going to wait for an hour or two before they dump it just to take the quick cash. Or before they do it, Elon has taken a chunk of their money first. I guess that Elon's tweet are still relevant if it's about the hype that he's making but I am avoiding them, I don't want to catch the falling knives if tells so.
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#4Apr 15, 2017, 12:26 AM
If he really want to he'd have done it by now and capitalize on the hype that he had back then. I think since we haven't seen of such sign so far it's okay to say that he won't be launching a crypto at all. I don't think the hype is still around elon in the crypto community. At least not as strong as back then.
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the_hashMember
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#5Apr 15, 2017, 12:59 AM
Since I can't actually read Elon Musk's mind, I can't predict if he will one day decide to launch a crypto from spaceX, but I am not ruling out the possibility of him launching a crypto from spaceX because he has the influence to hype his crypto project to go mainstream. If Elon Musk can hype Dodgecoin and the price skyrocketed, just imagine how he's going to hype his own crypto project if he decides to launch one.
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traderNewbie
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#6Apr 15, 2017, 03:16 AM
Elon is active on crypto one way or other. Launching a coin or a meme coin now might not be the best idea for him as issuing crypto has raised controversies. I don't mean he won't but I hope he don't. SpaceX is doing good. They are already doing a lot of commercial launch and with US government contracts they could keep their pace of R&D while the aim for moon and mars. If in the future the situation arises that SpaceX would not be able to fund its venture, sure Elon would turn to crypto but I hope the situation wouldn't arise. For mars colony though, Elon has suggested a crypto to be its operating currency.
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satoshi_nonceSenior Member
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#7Apr 15, 2017, 07:10 AM
I will not be surprised if Elon Musk launches a crypto from SpaceX. Donald Trump and family did it and we all saw how the hype went with many people cashing out big time although majority will always lose money. Elon Musk have a good product and a great platform to create trend for whatever memecoin he creates and the whole world will buy into it except few Bitcoin fanatics who will never patronize memecoins no matter the hype.
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#8Apr 15, 2017, 07:55 AM
There's a chance that he will do it. I mean, he is always open to cryptocurrencies, and he has been supporting a memecoin. The possibility of creating one is high (without disrespect to Doge), and I bet it's also going to be a memecoin. The only better side of it is, it will be backed by a big company, and I think many would like that. Buyers will probably come in, and with so many followers and fans of Elon, it will be an easy feat to increase its value.
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the_keyNewbie
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#9Apr 15, 2017, 01:29 PM
There will always be a possibility that someone with ties to crypto will launch a cryptocurrency. We know that Elon Musk is a person with unique ideas and even he has expressed his ideas about human life on Mars or even government on Mars. So I think Elon Musk has the opportunity to carry out unique ideas such as creating a cryptocurrency from SpaceX. But I'm not sure that will happen anytime soon because there haven't been any issues related to that. And at this time Elon Musk seems to still be focused on the cryptocurrencies that are currently available. In fact he has recently been supporting Bitcoin (Source). So I think he hasn't thought about it yet.
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titanz547Member
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#10Apr 15, 2017, 04:07 PM
I don't see that happening, ever. Elon Musk has already made it clear on numerous occasions that anybody that needs exposure to any of his companies aside Tesla should buy TLSA stocks. He has been very vocal about it. However, it's not completely out of the picture or impossible because even OpenAI asbig as it is has a sister crypto project (World coin/world chain). That said, even though it's possible, I don't think he would make that move. He's already the richest man and need to focus on his man on mars mission.
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#11Apr 15, 2017, 10:25 PM
There is no way for Elon Musk to launch a crypto project for his company, if people requested for that I doubt if he would do that. He does not need crypto money and all he wanted is to improve his revenue yearly. The only way to improve his revenue yearly is by getting less competitors and more users for his products. I doubt if he would able to survive this time because China has launched their own spaceX that will generate more faster data and cheap one for users and I doubt if the United States will allow Chinese company to compete with Elon Musk.
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dr_zeroFull Member
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#12Apr 16, 2017, 03:44 AM
How can USA stop a Chinese company from offering its services in other parts of the world ? I mean there are many Chinese companies which are doing very good even after so many tariffs or other restrictions.
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#13Apr 16, 2017, 05:57 AM
With Elon, nothing sounds impossible. If he sees a reason to connect crypto with SpaceX or Starlink, he’ll probably do it. Maybe not an actual “SpaceX coin”, but some blockchain integration for space communication wouldn’t surprise me at all.
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cipherhubSenior Member
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#14Apr 16, 2017, 07:20 PM
It is quite unlikely, in my opinion, I don't know why he would even do such a thing to begin with. He is already rich and have much influence over millions around the world. Usually, when someone launches a memecoin is a scheme for them to make money off it in the mid or long term, he is already billionaire. Also, if he launches a memecoin, there could be higher scrutiny upon himself in the future and could be held into account by a future democrat government. He does not need to launch anything.
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just_wolfNewbie
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#15Apr 16, 2017, 08:13 PM
I'm completely avoiding all of Elon tweet in X because retailers will continue to struggle to get A1 information, let alone capitalize on the hype he's spreading. We'll just fall victim to FOMO. SpaceX certainly attracted attention when it launched its cryptocurrency, but for trends from Dogecoin to the meme coins he frequently tweets about, the hype was short-lived, and even many investors and traders caught on too late.
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cryptohqNewbie
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#16Apr 17, 2017, 02:26 AM
Elon is a businessman and he is always ready to do anything that will bring in money. So, I can’t say whether he will launch a token later in the future or not. If he does launch any token, fine, and if he doesn’t, that’s also fine. But I know that Elon will actually do some calculations before launching any token. Human beings are unpredictable. If I was told before or asked whether it was possible for Trump to launch his own token, I would have said, Trump can’t do that.But can’t we see that even his wife launched her own token and made some money from it? So, Elon could later launch his own token if he sees that it can bring him more profit.
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coinproNewbie
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#17Apr 17, 2017, 05:22 AM
Trump did the impossible for the most of us, we have never thought that he'll launch his own coin and it did generated him billions. Next was his wife. So, with Elon, there is a possibility that he'll make one for himself. He's a fan of meme coins and that will be the category of his coin if ever he makes one. I don't think that he'll make a token for Space X, he's got stocks of it already but if he wants to maximize the money that he can suck from his fan boys, he'll also do the impossible just like Trump.
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#18Apr 17, 2017, 07:03 AM
Next thing you know, Elon Musk creates its own coin called "Marscoin" to be used as payment method in Mars. Or he can just acquire Ripple, Inc. and make XRP his own currency. There were rumors Elon Musk was going to do this, especially after hinting "X" (formerly Twitter) will have its own micropayments system based on crypto. Dogecoin was floated around as the ideal crypto for this, but nothing has materialized so far. For what I know, Elon is unpredictable. We'll never know what tricks he may come up with in the long run. Personally, I don't think Elon Musk will make a token for SpaceX as that would fall under the classification of a "security". Making his own personal coin that isn't affiliated to any of his companies would be ideal. We'll see how the market reacts in the aftermath of a "Elon-branded" coin. Just my two sats.
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#19Apr 17, 2017, 09:30 AM
Personally, I'm leaning towards no. I just can't see Elon bothering to launch a brand new SpaceX crypto when he's already heavily involved with Dogecoin. They are literally sending the DOGE-1 mission to the moon, which they paid for using Doge! That alone makes Dogecoin the unofficial 'space crypto' for his companies. Why would he launch a second one and complicate things?
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#20Apr 19, 2017, 01:15 PM
Correction.  Doge Coin is his favorite way to manipulate the Market. I believe we are at a point in time where we really do not need any other Shitcoin in our lives.  We need Cryptocurrencies bringing VALUE in a way or another.  For example.  Monero has provided a level of Privacy no other Cryptocurrency has.  What would SpaceX provide except hyper speculation? I would have thought the world has seen enough after Melania, Daddy, Trump and all the other Scams with a ton of pre mine making Billionaires richer and the poor broke.  But it looks like a lot of people are excited even after all of this for ANOTHER Shitcoin.
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