251–260 of 1001 posts
Soon, a nation might realistically buy $100 B + of bitcoin and declare it a national currency.
Also, if a serious bug ever was found in the bitcoin code / algorithms (increasingly unlikely, I'll admit), you could completely wipe the currency out overnight.
2020 has completely changed my perception of Tesla and Musk. I had this image of a benevolent genius who is sometimes misunderstood ("funding secured", "pedo guy", "Autopilot"). Came across Teslacharts' podcast [1] (now the Chartcast) and oh boy was I wrong. This is only the latest in a long series of red flags around Tesla/Musk and however it ends, it will not end well. [1] https://thechartcast.com/
Earlier quoted context omitted.
"pedo guy" was the thing that broke the camel's back for me. When you have millions of followers and billions of airtime on you, it's absolutely inexcusable to call a random guy a pedo. When he did that my view of him went from a "fake it till you make it" type, to a dishonest and malicious person.
So when he insulted someone he was having a dispute with, you decided to discount his life’s work?
Legitimizing Bitcoin more than offsets the environmental benefits of electric vehicles.
Are there any alternative to the Bitcoin?
Legitimizing Bitcoin more than offsets the environmental benefits of electric vehicles.
Bitcoin miners use surplus energy in remote places with lots of thermal or hydroelectric power. Remote China and Iceland. This electricity often can't be put to any other use anyway. The price of energy is probably enough to ensure this. Besides, the cost of maintaining Bitcoin has to be compared with holding up a fiat currency empire like the US. This requires lots of military, suppression of democracy and generally…
2020 has completely changed my perception of Tesla and Musk. I had this image of a benevolent genius who is sometimes misunderstood ("funding secured", "pedo guy", "Autopilot"). Came across Teslacharts' podcast [1] (now the Chartcast) and oh boy was I wrong. This is only the latest in a long series of red flags around Tesla/Musk and however it ends, it will not end well. [1] https://thechartcast.com/
The issue with Tesla & Elon Musk is that he has a powerful reality distortion ability just like Steve Jobs did. He wills things to happen by force of personality and by believing it so, he convinces others to join him in making these things reality, which then becomes reality. He makes things become true by claiming them to be real before they are. This is not normal and rare to be so talented in that aspect. Hard to…
Earlier quoted context omitted.
"pedo guy" was the thing that broke the camel's back for me. When you have millions of followers and billions of airtime on you, it's absolutely inexcusable to call a random guy a pedo. When he did that my view of him went from a "fake it till you make it" type, to a dishonest and malicious person.
> When you have millions of followers and billions of airtime on you, it's absolutely inexcusable to call a random guy a pedo. The comment from Musk was inexcusable but it didn't come out of nowhere. Elon Musk offered help and Mr Unsworth decided not to use it. In a TV interview, he further labelled it a "PR stunt" and suggested that Musk could "stick his submarine where it hurts". That led Musk to respond with the "…
Cryptocurrency is a blind spot where Hacker News’ normal optimism towards innovation has disappointed for a decade. May this thread be one we can reference years later as another example of “our collective opinions can be very wrong about technologies that were transformative in hindsight.” Innovators, follow regulations and go for it. Don’t let the HN crowd get you down. Few of these commenters have ever been unbank…
What exactly is the bull case for bitcoin? I have not seen it clearly explained. I’ve got an open mind. In more specific terms you mentioned the unbanked. How does crypto solve the problems that leave them unbanked?
Legitimizing Bitcoin more than offsets the environmental benefits of electric vehicles.
Are there any alternative to the Bitcoin?
https://en.wikipedia.org/wiki/Nano_(cryptocurrency)
https://content.nano.org/whitepaper/Nano_Whitepaper_en.pdf
The whitepaper specifically addresses BTC's energy consumption on page one.
So this is legal and ok to do: - You buy a lot of bitcoin personally. - Then as a CEO you make your company invest in bitcoin. Make it news. Prices go up. - You've made a lot of money for yourself.