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Tesla Batteries Are Keeping Zimbabwe’s Economy Running

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Re: Tesla Batteries Are Keeping Zimbabwe’s Economy Running

#34

Earlier quoted context omitted.

Why are you an extreme critic of Tesla? Is it because you think anthropogenic climate change is a hoax, and we should stay on fossil fuels? Or do you believe climate change is real and we need to get off of fossil fuels as fast as possible, but Tesla is doing a terrible job of helping this happen? Or perhaps for some other reason?

There is a community of Tesla critics out there, but they are so vocal because they've done something very strange. They mostly exist on Twitter, but they all share the same block list. Anyone who argues with them or says anything positive about Tesla gets put on that blocklist by anyone else that shares it. Their reality is very skewed. All they see on Twitter is hatred against Elon, 'proof' everything he does is a…

I don't like Elon because his company branded existing technology in a misleading way and pushed it past it's safe limits and people died.

I don't like Elon because he went on Twitter to blame them for dying when he's also the one who likes to coyly imply your hands are only on the wheel for government reasons.

I don't like Elon because of the foolish 420 tweet and his subsequent interactions with the SEC.

I don't like Elon because of his alarmist nonsense in relation to AGI when the real threat, institutionalization of societal bias in ML is literally at our door step, because talking about Skynet makes you more popular

I don't like Elon because his company tricked people with their CPO program which silently switched to a used car program and started sensing people cars with undocumented body damage and tor nail clippings under the seats.

I don't like Elon because of the hubris he showed insulting companies Toyota and their literally game changing assembly processes then not showing anything for all that talk

I don't like Elon because he's building companies on the backs of engineers who are overworked and mistreated and expected to drink the kool aid while acting like building overpriced luxury cars is saving the earth.

Do I need to go on or is at least one these a good enough reason to not be carted off as a crazy conspiracy theorist who unreasonably dislikes him?

Re: Tesla Batteries Are Keeping Zimbabwe’s Economy Running

#35

Interesting fact about Zimbabwe's economy: they had one of the worst hyperinflation stories in human history. Then in 2009 they switched to a mix of foreign currencies (mostly USD). It stopped the crazy inflation, their markets calmed down and started working. This year they switched to their own currency again. 40% inflation already.

Wow: It was redenominated three times (in 2006, 2008 and 2009), with denominations up to a $100 trillion banknote issued. The final redenomination produced the "fourth dollar" (ZWL), which was worth 10^25 ZWD (first dollars).

https://en.wikipedia.org/wiki/Zimbabwean_dollar

Re: Tesla Batteries Are Keeping Zimbabwe’s Economy Running

#36
post #28

Earlier quoted context omitted.

What would be the benefit?

The same benefit of using a reserve currency, such as USD. That being that it can't be inflated by the government.

Good old stable-valued bitcoin.

Re: Tesla Batteries Are Keeping Zimbabwe’s Economy Running

#37
post #28

Earlier quoted context omitted.

What would be the benefit?

The same benefit of using a reserve currency, such as USD. That being that it can't be inflated by the government.

It also can't be used for commerce because crypto networks can't scale.

Re: Tesla Batteries Are Keeping Zimbabwe’s Economy Running

#38

Wow, this article is reall interesting to me. I am actually an extreme critic of Tesla. However, I also am an ardent supporter of cost-efficient technologies (anyone who knows what an Acer C720 is knows what cost-efficiency is). So, it is really awesome to me that a country that has been ravaged by corruption and health crises is able to run vital services with repurposed hardware that isn't anything to do with glitz…

Why are you an extreme critic of Tesla? Is it because you think anthropogenic climate change is a hoax, and we should stay on fossil fuels? Or do you believe climate change is real and we need to get off of fossil fuels as fast as possible, but Tesla is doing a terrible job of helping this happen? Or perhaps for some other reason?

Wow, so either you are climate change denier or you love Tesla ?

That must be one the biggest strawmen I have ever seen.

Re: Tesla Batteries Are Keeping Zimbabwe’s Economy Running

#39
post #28

Earlier quoted context omitted.

What would be the benefit?

The same benefit of using a reserve currency, such as USD. That being that it can't be inflated by the government.

Crypto is a lot more volatile than the USD (or a basket of currencies). That's why Coinbase created Stablecoin.

Re: Tesla Batteries Are Keeping Zimbabwe’s Economy Running

#40
post #27

Interesting fact about Zimbabwe's economy: they had one of the worst hyperinflation stories in human history. Then in 2009 they switched to a mix of foreign currencies (mostly USD). It stopped the crazy inflation, their markets calmed down and started working. This year they switched to their own currency again. 40% inflation already.

It would be a fascinating case study if they were to switch to a crypto currency. Is anyone aware of any countries with hyperinflation (or otherwise unstable economies) that have attempted to do so?

Yes, cryptocurrency and other digital currencies like Amazon gift card codes are used in Venezuela sometimes to avoid the theft risk of paper dollars.
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