141–150 of 276 posts
Hope we now can start a proof of stake cycle. Peercoin is dead. What other proof of stake viable currency is there? Only when the energy impact of crypto currency is dealt with will i indulge in speculating that it can be a net good for humanicy
Https://Nano.org
1. Buy Bitcoin to put added focus to it
2. Stop using it and cite environmental impact
3. Swap to something more environmentally acceptable in an attempt to tilt Bitcoin from the crypto throne or push them to change the amount of mining going on.
I’m not sure how beneficial it is to give him the benefit of the doubt, but it’s a view I haven’t seen it the threads before.
So far, Elon/Tesla: 1. Bought a bunch of Bitcoin. 2. Announced they were going to accept Bitcoin, sending the price up. 3. Sold a bunch of Bitcoin to pad out otherwise poor earnings, citing their goal of "testing liquidity of the market." 4. Announced they were going to stop accepting Bitcoin, sending the price plummeting. As though he didn't know the environmental impact a week ago? As though he didn't check for liq…
When Tesla announced the initial move they received a huge amount of push back for the environmental concerns. And it didn’t look good for an EV company of all things. There is a trend I’ve seen of a company making a decison, everyone hating on them for it, then they reverse the decision, and they are still criticised. If a company turns around and reverses a decision citing the very reasons they were criticised for…
Earlier quoted context omitted.
Doesn't seem to be working so fine now, is it? Also I wouldn't put behind well financed groups that hire PhDs to find a way to accelerate the PoW enough to gain a significant advantage (as in, ability to centralize the blockchain).
> accelerate the PoW That wouldn't do anything to energy consumption. It would just increase the hash rate.
Earlier quoted context omitted.
When Tesla announced the initial move they received a huge amount of push back for the environmental concerns. And it didn’t look good for an EV company of all things. There is a trend I’ve seen of a company making a decison, everyone hating on them for it, then they reverse the decision, and they are still criticised. If a company turns around and reverses a decision citing the very reasons they were criticised for…
The problem is that you can't really take a company at face value if they reverse course after having already profited from their "lapse in judgement". The parent post lined out potential motivations behind all this that IMO aren't really that outlandish. It's speculation, but it's not some outlandish crackpot theory
Even when you "pomp and dump" you have to dump as the name suggest. It is not "pomp and crash&hold".
Unless they show profit from selling 1B$ bitcoin in next financial statements it is just Elon being dumb idiot.
Both for buying Bitcoin in the first place and for not offloading to make money to invest in Tesla.
I see this as market manipulation. Tesla hasn't suddenly become aware of information not available when Tesla initially announced they'd accept bitcoin as payment.
Earlier quoted context omitted.
There's a big difference. Even if people using EVs now effectively burn coal to do it, they replaced an ICE and can migrate to greener sources over time. On the other hand, crypto mining exists purely on top of existing energy usage. These are not really comparable situations.
Sorry, I am not sure I completely understand your argument. You expect the energy used for Tesla cars to more easily migrate to greener energy? Bitcoin mining is completely location independent and is able to migrate to cheaper (which as renewable energy tech improves will equal greener) energy much easier than an individual tesla owner can.
Earlier quoted context omitted.
According to Satoshi, dependence on thermodynamics is a feature to prevent centralization.
Doesn't seem to be working so fine now, is it? Also I wouldn't put behind well financed groups that hire PhDs to find a way to accelerate the PoW enough to gain a significant advantage (as in, ability to centralize the blockchain).
So far, Elon/Tesla: 1. Bought a bunch of Bitcoin. 2. Announced they were going to accept Bitcoin, sending the price up. 3. Sold a bunch of Bitcoin to pad out otherwise poor earnings, citing their goal of "testing liquidity of the market." 4. Announced they were going to stop accepting Bitcoin, sending the price plummeting. As though he didn't know the environmental impact a week ago? As though he didn't check for liq…
When Tesla announced the initial move they received a huge amount of push back for the environmental concerns. And it didn’t look good for an EV company of all things. There is a trend I’ve seen of a company making a decison, everyone hating on them for it, then they reverse the decision, and they are still criticised. If a company turns around and reverses a decision citing the very reasons they were criticised for…
Earlier quoted context omitted.
> executed to perfection Except they still own nearly all the Bitcoin they bought, so I don’t see how selling a tiny bit of it and tanking the rest could be described as “to perfection”.
> Except they still own a ton of Bitcoin No where in my sentence suggested they sold all of it. > so I don’t see how selling a tiny bit of it could be described as “to perfection” Telsa did not lose any money from their BTC investment and are still up >40%. At that time, they (and others on Twitter) caused a run up in the crypto markets to drive the BTC price up to new all time highs and got out a large profit even b…
How did the 12% drop benefit Tesla?
You're not making any sense.