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Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

blockcrunch.co

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Re: Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

#11

Post by tolbish »

fighterpilot wrote: post #9
throwawaysea wrote: post #4

> There are plenty of other companies working on space exploration and electric vehicles you are just the only CEO who has gained a cult following through sh*tposting and trolling the world on social media. Clearly Musk is neither famous nor admired just because of “trolling”. He’s famous because of repeatedly making bold bets and pulling otherwise stagnant industries forward (like cars and rocketry). Both Tesla and…

You have to recognize the psychology beneath anti-Elon sentiment to understand where this is coming from. It is to a large extent political hatred from the far-left, and Anonymous is largely a left-activist group right now. Polls run in /r/EnoughMuskSpam confirm the demographic reality of the most staunch Elon haters. Elon is symbolic of capitalism working. He creates cognitive dissonance as someone who applied capit…

"These are the real reasons" to you only because you agree with them.

It did not occur to you that criticism of Elon can also come from observing his actions. Like calling someone a pedophile because they stole Elon's thunder.

Re: Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

#12

Post by fighterpilot »

tolbish wrote: post #11
fighterpilot wrote: post #9

Earlier quoted context omitted.

You have to recognize the psychology beneath anti-Elon sentiment to understand where this is coming from. It is to a large extent political hatred from the far-left, and Anonymous is largely a left-activist group right now. Polls run in /r/EnoughMuskSpam confirm the demographic reality of the most staunch Elon haters. Elon is symbolic of capitalism working. He creates cognitive dissonance as someone who applied capit…

"These are the real reasons" to you only because you agree with them. It did not occur to you that criticism of Elon can also come from observing his actions. Like calling someone a pedophile because they stole Elon's thunder.

It did occur to me, and I mentioned that there are valid lines of criticism, I just don't think that they adequately explain his staunchest haters

Re: Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

#13

Post by nikolay »

Elon Musk has not changed since his PayPal days when I started to hear about him. He's always tried to milk the system, he never played fair, and he's always been too full of himself. This didn't change just recently and Anonymous are just sorry losers.

Re: Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

#14

Post by tolbish »

fighterpilot wrote: post #12
tolbish wrote: post #11

Earlier quoted context omitted.

"These are the real reasons" to you only because you agree with them. It did not occur to you that criticism of Elon can also come from observing his actions. Like calling someone a pedophile because they stole Elon's thunder.

It did occur to me, and I mentioned that there are valid lines of criticism, I just don't think that they adequately explain his staunchest haters

Gonna have to call bs on you here. You do not genuinely believe his staunchest haters (whatever that menas... maybe the Twitter posters that get the most likes??) dislike him over his South African ancestry or his ability to innovative in the private space, compared to some of the actual stupid stuff he has said.

Re: Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

#15

Post by throwawaysea »

fighterpilot wrote: post #9
throwawaysea wrote: post #4

> There are plenty of other companies working on space exploration and electric vehicles you are just the only CEO who has gained a cult following through sh*tposting and trolling the world on social media. Clearly Musk is neither famous nor admired just because of “trolling”. He’s famous because of repeatedly making bold bets and pulling otherwise stagnant industries forward (like cars and rocketry). Both Tesla and…

You have to recognize the psychology beneath anti-Elon sentiment to understand where this is coming from. It is to a large extent political hatred from the far-left, and Anonymous is largely a left-activist group right now. Polls run in /r/EnoughMuskSpam confirm the demographic reality of the most staunch Elon haters. Elon is symbolic of capitalism working. He creates cognitive dissonance as someone who applied capit…

I haven’t visited that subreddit but your points line up with what I have observed with the most staunch critics of Elon that I’ve encountered offline. Thanks for sharing.

Re: Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

#16

Post by fighterpilot »

tolbish wrote: post #14
fighterpilot wrote: post #12

Earlier quoted context omitted.

It did occur to me, and I mentioned that there are valid lines of criticism, I just don't think that they adequately explain his staunchest haters

Gonna have to call bs on you here. You do not genuinely believe his staunchest haters (whatever that menas... maybe the Twitter posters that get the most likes??) dislike him over his South African ancestry or his ability to innovative in the private space, compared to some of the actual stupid stuff he has said.

There's an underlying anti-capitalism motive. Spend a few hours in /r/EnoughMuskSpam and read the polls there. Elon is peak cognitive dissonance for them.

It's the same underlying reason for Jeff Bezos hatred, but on steroids for the reasons I outline above plus the legitimately stupid stuff he's done which you've pointed out

Re: Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

#18

Post by jqpabc123 »

Personal opinion --- Musk is guilty of Bitcoin "pump and dump".

Secondary opinion --- Musk is not the problem; he is just the messenger --- an indicator of the problem.

The real problem is the fact that Bitcoin is not really a currency at all. It is just one facet of an unregulated get rich quick scheme driven by pure speculation and built around the fiction that stablecoins are fully backed by fiat. More than half of all crypto trades involve stable coins.

Everything Musk has done is also being done by the "exchanges" and others on a daily basis --- just in a more subtle manner.

Attacking the messenger won't solve the problem --- at best it will just obscure it's existence for a while longer.

Re: Anonymous group issues warning for Elon Musk for Bitcoin market manipulation

#19

Post by ksaj »

jqpabc123 wrote: post #18

Personal opinion --- Musk is guilty of Bitcoin "pump and dump". Secondary opinion --- Musk is not the problem; he is just the messenger --- an indicator of the problem. The real problem is the fact that Bitcoin is not really a currency at all. It is just one facet of an unregulated get rich quick scheme driven by pure speculation and built around the fiction that stablecoins are fully backed by fiat. More than half o…

It is interesting that people glom on the statements that Musk makes to orchestrate his Bitcoin manipulations, but don't really talk much about what he says in between. He's been quite transparent that he sees the whole subject as a joke.

People who buy and sell based on his end statements amplify his joke, making the fluctuations more volatile than any stock day trader could ever hope for. At the same time, if they are timing their buys and sells to his statements, they also profit. Instead, a lot of people complain if they sell too late and the price is already rising again. That's not Musk's problem. That's the panic reactionist's problem.

If Musk wasn't taking advantage like this, someone else would find a way to do it. Like the way wallstreetbets was with the MJ stocks. Anonymous didn't seem to mind that one.

As you've said, finding and publicizing an issue by exercising it over and over again isn't the problem. Passively complaining about it and not looking for solution that would bring Bitcoin more into the realm of "real money" means things will always be this way.

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