Anonymous Takes Aim at Elon Musk after Months of Crypto Drama on Twitter
- Anonymous accused Musk of "destroying lives" with his crypto-related carelessness on Twitter.
Following much criticism from analysts and enthusiasts in the crypto space, Elon Musk seems to have found another new enemy: Anonymous. In a video posted to the group’s official Facebook page and Youtube channel, a Guy Fawkes mask-clad Anonymous representative warned Elon that their intelligence forces are working against him.
While critics of Anonymous say that the group has waned in power over the last several years, Anonymous’ record is considerable: the hacker group is famous for cyberattacks against government institutions, various corporations and the Church of Scientology.
How did Elon manage to make Anonymous so angry?
Anonymous Seems to Be Getting Sick of Elon’s Antics
According to the representative, Elon’s bad behaviour has been all over the map: in the first half of the video, the rep describes 'intolerable' working conditions at Tesla factories, claims that Musk’s father owned an emerald mine in Zambia, as well as Elon’s statement that “we will coup whoever we want” in relation to the US-backed coup in lithium-rich Bolivia.
In addition, the rep pointed to Elon’s decision to proclaim himself as the 'imperator of Mars', referring to Musk’s apparent interest in colonizing the planet–an initiative in which Musk casually remarked that a “bunch of people will probably die.”
Moreover, the video took a swipe at Elon’s personality: “For the past several years you have enjoyed one of the most favourable reputations of anyone in the billionaire class…[but] People are beginning to see you as nothing more than another narcissistic rich dude who is desperate for attention,” the speaker said.
However, the video focuses specifically on three facets of Elon’s recent behaviour: firstly, Elon’s apparent devil-may-care attitude about the effect of his Tweets on crypto markets, Elon’s statement about BTC’s carbon footprint, and the billionaire’s attempt to create a Bitcoin mining council.
Elon’s Tweets Have Taken Crypto Prices for a Ride
Elon’s apparent interest in crypto and strange fixation on Dogecoin seemed to be a boon to crypto markets at first. However, more recently, many crypto holders have been wishing that Elon would leave crypto alone, in some cases, right to his face.
dude just stop tweeting lmao
— Jairo? (@jairosphotos) May 24, 2021
Indeed, over the past several months, Elon’s crypto-related Twitter drama has taken cryptocurrency market prices for a ride and driven crypto holders crazy.
While an eye-popping amount of Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. Read this Term in BTC markets may have been the real cause of Bitcoin’s May price crash, Elon Musk’s Twitter account has largely been cited as one of the triggers that set off a cascade of BTC liquidation worth billions. Most recently, Elon shared a meme that implied that he was 'breaking up' with crypto, a move that sent the price of Bitcoin tumbling seven percent.
“Your tweets this week show a clear disregard for the average working person,” the Anonymous rep said in the video, adding that Musk’s carelessness has “destroyed lives.”
Elon’s Bitcoin Mining Drama
With regards to the crypto mining council, the rep said that the effort was “rightfully seen as an attempt to centralize the industry and take it under your control.”
The video also seemed to accuse Musk of playing dumb with regards to Bitcoin’s carbon footprint in an effort to continue earning energy subsidy Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term from the US government: “The energy use argument about proof-of-work mining is a very nuanced conversation that requires a fairly complex understanding of how power grids work and how excess energy is wasted by power companies and sought out by crypto miners.”
“This is a conversation that you have been having for over a year and were intimately aware of,” the rep said, going on to imply that Musk’s “divorce” from crypto may have had hidden motives.
“Tesla has made more money holding Bitcoin for a few months than they did in years of selling cars,” the rep said. “[...] It is now widely believed that you have been forced to denounce your company’s involvement with Bitcoin in order to keep that green government money flowing into Tesla’s coffers.”
Following much criticism from analysts and enthusiasts in the crypto space, Elon Musk seems to have found another new enemy: Anonymous. In a video posted to the group’s official Facebook page and Youtube channel, a Guy Fawkes mask-clad Anonymous representative warned Elon that their intelligence forces are working against him.
While critics of Anonymous say that the group has waned in power over the last several years, Anonymous’ record is considerable: the hacker group is famous for cyberattacks against government institutions, various corporations and the Church of Scientology.
How did Elon manage to make Anonymous so angry?
Anonymous Seems to Be Getting Sick of Elon’s Antics
According to the representative, Elon’s bad behaviour has been all over the map: in the first half of the video, the rep describes 'intolerable' working conditions at Tesla factories, claims that Musk’s father owned an emerald mine in Zambia, as well as Elon’s statement that “we will coup whoever we want” in relation to the US-backed coup in lithium-rich Bolivia.
In addition, the rep pointed to Elon’s decision to proclaim himself as the 'imperator of Mars', referring to Musk’s apparent interest in colonizing the planet–an initiative in which Musk casually remarked that a “bunch of people will probably die.”
Moreover, the video took a swipe at Elon’s personality: “For the past several years you have enjoyed one of the most favourable reputations of anyone in the billionaire class…[but] People are beginning to see you as nothing more than another narcissistic rich dude who is desperate for attention,” the speaker said.
However, the video focuses specifically on three facets of Elon’s recent behaviour: firstly, Elon’s apparent devil-may-care attitude about the effect of his Tweets on crypto markets, Elon’s statement about BTC’s carbon footprint, and the billionaire’s attempt to create a Bitcoin mining council.
Elon’s Tweets Have Taken Crypto Prices for a Ride
Elon’s apparent interest in crypto and strange fixation on Dogecoin seemed to be a boon to crypto markets at first. However, more recently, many crypto holders have been wishing that Elon would leave crypto alone, in some cases, right to his face.
dude just stop tweeting lmao
— Jairo? (@jairosphotos) May 24, 2021
Indeed, over the past several months, Elon’s crypto-related Twitter drama has taken cryptocurrency market prices for a ride and driven crypto holders crazy.
While an eye-popping amount of Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. Read this Term in BTC markets may have been the real cause of Bitcoin’s May price crash, Elon Musk’s Twitter account has largely been cited as one of the triggers that set off a cascade of BTC liquidation worth billions. Most recently, Elon shared a meme that implied that he was 'breaking up' with crypto, a move that sent the price of Bitcoin tumbling seven percent.
“Your tweets this week show a clear disregard for the average working person,” the Anonymous rep said in the video, adding that Musk’s carelessness has “destroyed lives.”
Elon’s Bitcoin Mining Drama
With regards to the crypto mining council, the rep said that the effort was “rightfully seen as an attempt to centralize the industry and take it under your control.”
The video also seemed to accuse Musk of playing dumb with regards to Bitcoin’s carbon footprint in an effort to continue earning energy subsidy Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term from the US government: “The energy use argument about proof-of-work mining is a very nuanced conversation that requires a fairly complex understanding of how power grids work and how excess energy is wasted by power companies and sought out by crypto miners.”
“This is a conversation that you have been having for over a year and were intimately aware of,” the rep said, going on to imply that Musk’s “divorce” from crypto may have had hidden motives.
“Tesla has made more money holding Bitcoin for a few months than they did in years of selling cars,” the rep said. “[...] It is now widely believed that you have been forced to denounce your company’s involvement with Bitcoin in order to keep that green government money flowing into Tesla’s coffers.”