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$365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

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Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#601

Post by mythrwy »

TomSwirly wrote: post #309
tpmx wrote: post #233

Earlier quoted context omitted.

No comment on how smart or stupid Elon is (he is somehow effective ), but I'm with you on all of those things except "He thinks it's easier to make Mars habitable than it is to keep the Earth habitable": The concept of having humans on another planetary body makes a lot of sense as a backup-plan for humanity. The Drake equation be damned - in case we're actually alone, we have a pretty strong moral requirement to mak…

> The concept of having humans on another planetary body makes a lot of sense as backup-plan for humanity. Sorry, but it's like planning your workout routine in a burning building. The climate emergency is building right now, this instant. Cosmic threats like asteroids happen on the order of millions of years apart. We need to stabilize the planet, now, in this generation, immediately, or we will doom a million speci…

A collapse of humanity won't happen from the earth warming a couple of degrees though.

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#602

Post by asciimike »

elevenoh wrote: post #593
onion2k wrote: post #229

Earlier quoted context omitted.

SpaceX wins lots of space contracts with the help of Musk's "Occupy Mars" marketing. Tesla sells lots of cars on the promise of self-driving in the marketing. Musk bought BTC, single-handedly pumped the price of BTC, and then sold at a huge profit. I don't think he's a genius but Musk is definitely not stupid. He's just not playing the obvious game you think he's playing.

"and then sold at a huge profit." I don't think musk/tesla has sold a single btc..

They sold ~270MM in Q1: https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-procee...

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#603

Post by DangitBobby »

coptun wrote: post #473
EthanHeilman wrote: post #384

Earlier quoted context omitted.

>He thinks it's easier to make Mars habitable than it is to keep the Earth habitable. It probably is easier to survive long term on Mars than Earth because Mars has a very thin atmosphere. Earth could pull a Venus. Earth life on Mars requires underground small sealed compartments with radiation shielding which is a more survivable architecture than one big shared ecosystem.

Your definition of "long term" is stretching it a bit. If Earth "pulls a venus" it will be 100+ million years from now due to the expansion of the sun.

I thought the surface Venus was incredibly hot and uninhabitable mainly to the thick greenhouse gases in it's atmosphere. Why does the sun need to expand for that to happen on Earth?

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#604

Post by _vertigo »

logicchains wrote: post #585
logicchains wrote: post #566

Earlier quoted context omitted.

Wow, people here really hate statistics. https://link.springer.com/article/10.1007/s10654-020-00698-1... ; if you're aged under 34 (as are the majority of tech workers), in the USA you're almost ten times more likely to die from "other acccidental fatalities" (0.0032) than covid if you catch it (0.004). Note that to assess risk the covid IFR there should be multiplied by the chance of catching it, to make it more com…

What's wrong downvoters, salty that you've been manipulated by the media to vastly overestimate the risk of covid for your age group? https://www.nytimes.com/2021/03/18/briefing/atlanta-shooting...

The risk of Covid has never been the individualized risk. It's the collective risk of what happens when hospitals and ICUs reach capacity when too many people catch Covid at once. For example, what is happening in India.

This was widely known in the US on the first week of March in 2020.

When hospitals reach capacity, people in their 40s and 50s become much more likely to die from Covid. Lots of preventable loss of life is going to occur, from Covid and from everything else that can't be attended to because the hospitals are full.

The point of lockdowns is not to reduce the individual risk. It's to reduce the collective risk of getting hit by a runaway train that completely overwhelms our health systems.

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#605

Post by hacknat »

How long is it going to take Americans to realize that their elites do not play by the same set of rules as everyone else? It’s getting tiresome listening to people talk about current events like we didn’t just all live through the last 4 years of the most cleptocratic behavior of our lifetime. Wake up! Seriously.

I have no solutions to offer, but I’m sick of this repetitive public shock. I’d rather do anything else than witness these feckless conversations repeat themselves over, and over again.

I guess I’d like us all to disconnect from it a bit and find the funny in it. Maybe if we could all take a break from our collective outrage and focus on one thing we might get somewhere.

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#606

Post by esalman »

onion2k wrote: post #229
pkulak wrote: post #220

Earlier quoted context omitted.

Cus he's not that bright. Isn't this the elephant in the room that no one wants to consider? Why do we have to start with the assumption that Musk is a genius, then work back from that? The dude thought covid would go away last May. He thinks it's easier to make Mars habitable than it is to keep the Earth habitable. He's thought that full self driving was 6 months away for literally 4 years now. And he didn't really…

SpaceX wins lots of space contracts with the help of Musk's "Occupy Mars" marketing. Tesla sells lots of cars on the promise of self-driving in the marketing. Musk bought BTC, single-handedly pumped the price of BTC, and then sold at a huge profit. I don't think he's a genius but Musk is definitely not stupid. He's just not playing the obvious game you think he's playing.

In some ways he is the Donald Trump of Silicon valley. Just like many Americans failed to understand Trump, many in tech fail to understand Musk.

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#607

Post by ipaddr »

logicchains wrote: post #566
logicchains wrote: post #553

Earlier quoted context omitted.

Most of his workers were in an age group at negligible risk from covid; they'd be more likely to die in a road accident driving home.

Wow, people here really hate statistics. https://link.springer.com/article/10.1007/s10654-020-00698-1... ; if you're aged under 34 (as are the majority of tech workers), in the USA you're almost ten times more likely to die from "other acccidental fatalities" (0.0032) than covid if you catch it (0.004). Note that to assess risk the covid IFR there should be multiplied by the chance of catching it, to make it more com…

You are making a strong point for further lockdowns.

Traffic accidents decrease, other accidental fatalities decreases, the number of people who catch covid decrease in a lockdown.

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#608

Post by vmception »

hacknat wrote: post #605

How long is it going to take Americans to realize that their elites do not play by the same set of rules as everyone else? It’s getting tiresome listening to people talk about current events like we didn’t just all live through the last 4 years of the most cleptocratic behavior of our lifetime. Wake up! Seriously. I have no solutions to offer, but I’m sick of this repetitive public shock. I’d rather do anything else…

Sorry what shock? Seeing someone calculate the number or marketcap change is fun, like a leaderboard.

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#609

Post by ipaddr »

belltaco wrote: post #320
dylan604 wrote: post #308

Earlier quoted context omitted.

>Musk bought BTC, single-handedly pumped the price of BTC, and then sold at a huge profit. Doesn't this have legal ramifications when done in the stock market? If it is shady for that market, why is it acceptable in other markets? Oh, right, they're not regulated.

Telling people that you bought a certain stock isn't illegal wtf. Have you watched CNBC or Bloomberg? They have hedge fund operators come in and praise or criticize stocks that they have bought or sold short.

Allowing people to buy cars in bitcoin and telling people might be.

Re: $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

#610

Post by hacknat »

vmception wrote: post #608
hacknat wrote: post #605

How long is it going to take Americans to realize that their elites do not play by the same set of rules as everyone else? It’s getting tiresome listening to people talk about current events like we didn’t just all live through the last 4 years of the most cleptocratic behavior of our lifetime. Wake up! Seriously. I have no solutions to offer, but I’m sick of this repetitive public shock. I’d rather do anything else…

Sorry what shock? Seeing someone calculate the number or marketcap change is fun, like a leaderboard.

There are many people expressing anger and outrage at his manipulative tweets. :shrugs:
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