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Tesla CEO Elon Musk reportedly dismissed OpenAI CEO Sam Altman’s proposal to launch a cryptocurrency token in early 2018, warning that such a move could severely damage the company’s credibility, according to a court filing. “In January 2018, mere months after their September 2017 ‘enthusias[m],’ Altman proposed a scamworthy ‘ICO,’ or initial coin offering, that would have seen OpenAI, Inc. sell its own cryptocurrency,” Musk’s lawyers stated in a Nov. 14 filing with the U.S. District Court for the Northern District of California. “Musk shot down this idea too, stating, ‘It would simply result in a massive loss of credibility
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