Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings • Hacker News Board

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#31

Post by not_really » Mon, May 17, 2021, 5:47 AM UTC

loceng wrote: post #18

protoax wrote: post #10

Earlier quoted context omitted.

Believe it or not, you can be financially successful and still be a bad person. Bernie Madoff wasn't the most moral person.

So you changed the argument to bad vs. not bad person. Don't you think there's a net benefit to Elon with Tesla getting literally all vehicle manufacturers to now seriously be on the path to mass producing EVs? How do you account or calculate that vs. whatever other behaviours he may engage in? Funny you bring up Ponzi schemes too, considering that's what Bitcoin is - just global and decentralized - with a few other…

Was bitcoin not the first blockchain? Seems like you have your facts backwards.

If anything, the majority of post-bitcoin blockchains have in one way or another omitted key blockchain properties and therefore defeated the point of a blockchain, usually in the form of federated networks (private gate-kept chains), or, as you say, built with feature sets in order benefit ponzi scheme structures.

Lots of bitcoin hate lately, from environmental concerns (give me a break) now to "ponzi scheme". (Is it because there is a finite supply? Does that make buying gold a ponzi scheme too?)

Oh well, there's always been detractors.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#32

Post by jacobmischka » Mon, May 17, 2021, 10:18 AM UTC

ericwooley wrote: post #6

jacobmischka wrote: post #4

I believe Bitcoin is a scam and Musk is mostly just a rich memer with high aspirations, but this seems like a bit of a stretch based on a single word in a single tweet.

How is it a scam? I believe cars can fly, and bill gates is actually the president

If a single word tweet can lose people thousands of dollars that sounds like a scam to me.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#33

Post by loceng » Mon, May 17, 2021, 1:07 PM UTC

not_really wrote: post #31

loceng wrote: post #18

Earlier quoted context omitted.

So you changed the argument to bad vs. not bad person. Don't you think there's a net benefit to Elon with Tesla getting literally all vehicle manufacturers to now seriously be on the path to mass producing EVs? How do you account or calculate that vs. whatever other behaviours he may engage in? Funny you bring up Ponzi schemes too, considering that's what Bitcoin is - just global and decentralized - with a few other…

Was bitcoin not the first blockchain? Seems like you have your facts backwards. If anything, the majority of post-bitcoin blockchains have in one way or another omitted key blockchain properties and therefore defeated the point of a blockchain, usually in the form of federated networks (private gate-kept chains), or, as you say, built with feature sets in order benefit ponzi scheme structures. Lots of bitcoin hate la…

MLM-Ponzi scheme was probably the very first criticism, but Bitcoin propaganda narrative m never engages with it; do yourself a favour and understand MLM and Ponzi structures, and then see if any of them match Bitcoin patterns.

Buying gold is not the same as buying Bitcoin, if you actually different fully.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#34

Post by loceng » Mon, May 17, 2021, 1:11 PM UTC

protoax wrote: post #20

loceng wrote: post #18

Earlier quoted context omitted.

So you changed the argument to bad vs. not bad person. Don't you think there's a net benefit to Elon with Tesla getting literally all vehicle manufacturers to now seriously be on the path to mass producing EVs? How do you account or calculate that vs. whatever other behaviours he may engage in? Funny you bring up Ponzi schemes too, considering that's what Bitcoin is - just global and decentralized - with a few other…

My understanding of the word pillock is that it is a synonym for the word jackass. So I am referring to the fact that just because he is financially successful, does not mean he cannot be a jackass and voluntarily do bad things, which is what you insinuated.

He trolls, but if his actions are bad or say perhaps educating/helping protect and sway society away from buying Bitcoin - so they're not left holding the bag - will depend on if you're biased/financial incentivized for one outcome over another; and if your critical thinking has been influenced by that, or lack thereof which seems to be the majority of the mob who's bought into the Bitcoin hype.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#35

Post by majani » Mon, May 17, 2021, 2:27 PM UTC

adflux wrote: post #5

What an utter pillock has this guy become. Guess Tesla stock is going to get hammered again tomorrow, as Musk = Tesla in the view of the consumer

He's always been a bit of a dick. I'm currently doing a deep dive into his business history and the conclusion I'm coming to is that he is first and foremost a scrappy marketer, not a genius engineer as his reality distortion field would have you believe.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#36

Post by ArkanExplorer » Mon, May 17, 2021, 3:56 PM UTC

adflux wrote: post #5

What an utter pillock has this guy become. Guess Tesla stock is going to get hammered again tomorrow, as Musk = Tesla in the view of the consumer

If Tesla is pumping and dumping useless (environmentally destructive and wasteful of advanced manufactured goods via PoW) made up money tokens, in order to finance a future for humanity in space and on Earth with clean energy and transportation, that seems totally acceptable to me.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#37

Post by not_really » Mon, May 17, 2021, 6:07 PM UTC

loceng wrote: post #33

not_really wrote: post #31

Earlier quoted context omitted.

Was bitcoin not the first blockchain? Seems like you have your facts backwards. If anything, the majority of post-bitcoin blockchains have in one way or another omitted key blockchain properties and therefore defeated the point of a blockchain, usually in the form of federated networks (private gate-kept chains), or, as you say, built with feature sets in order benefit ponzi scheme structures. Lots of bitcoin hate la…

MLM-Ponzi scheme was probably the very first criticism, but Bitcoin propaganda narrative m never engages with it; do yourself a favour and understand MLM and Ponzi structures, and then see if any of them match Bitcoin patterns. Buying gold is not the same as buying Bitcoin, if you actually different fully.

> do yourself a favour

I couldn't care less if you bought or sold bitcoin.

See? Already very different from a ponzi scheme.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#38

Post by ericwooley » Tue, May 18, 2021, 3:34 AM UTC

jacobmischka wrote: post #32

ericwooley wrote: post #6

Earlier quoted context omitted.

How is it a scam? I believe cars can fly, and bill gates is actually the president

If a single word tweet can lose people thousands of dollars that sounds like a scam to me.

Then all stocks are a scam because every CEO can tank their stock with a tweet

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#39

Post by jacobmischka » Tue, May 18, 2021, 3:30 PM UTC

ericwooley wrote: post #38

jacobmischka wrote: post #32

Earlier quoted context omitted.

If a single word tweet can lose people thousands of dollars that sounds like a scam to me.

Then all stocks are a scam because every CEO can tank their stock with a tweet

I don't disagree.