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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

#561

Post by AngryData »

marcusverus wrote: post #551
andrepd wrote: post #521

Earlier quoted context omitted.

I hate this "capitalist-worship" for lack of a better term. He "single-handedly" did nothing, he merely supplied the capital and the coordination for a team of ~hundreds of thousands of people to build rockets and EVs.

This isn't an attack on your collectivist worldview, it's an objective observation. It's simply a matter of fact that if there was no Elon Musk, reusable rockets would have been delayed two decades at a bare minimum. The same goes for transforming EVs from clunky sideshows to "S3XY" vehicles. Hence, he single-handedly made these changes happen.

There is no way to say that with certainty. SpaceX is far from the only rocket company and while yes, they have had great success, their success only makes it harder for other rocket companies to stand out and succeed. What if another company was just a a year or two behind SpaceX but got their funding shit on when SpaceX launched their rocket?

SpaceX is standing on the shoulders of giants, if SpaceX didn't exist, the science and people wouldn't just disappear.

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

#562

Post by intotheabyss »

mbesto wrote: post #405
kevinbache wrote: post #283

Earlier quoted context omitted.

He's single handedly accelerated the adoption of electric cars by 10 years while advancing literal rocket science to the point where launches will be done 10x cheaper. For those of us who measure by outcomes, he's a genius.

> He's single handedly Fun reminder, Musk did not start Tesla and bought his way into the company. His involvement should not be understated, but it's had years of management shuffles and changes of direction. https://en.wikipedia.org/wiki/History_of_Tesla,_Inc .

I'd also note that SpaceX wouldn't be where it is today without Gwynne Shotwell.

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

#563

Post by dragontamer »

halfmatthalfcat wrote: post #501
dragontamer wrote: post #339

Earlier quoted context omitted.

"Global Warming" is about the Earth going ~2C to 4C out-of-whack with our traditional norms over the next century or so. Mars is about being at -60C all the time, or roughly 80C away from what humans want. And temperature isn't even the worst part: Mars doesn't have enough oxygen for Humans to survive. Mars doesn't have enough nitrogen for plants to grow (and make oxygen). Mars doesn't have enough gravity to keep a d…

There's 7 billion human brains on earth. We can spare a couple to focus on making our species multi-planetary while the rest deal with cleaning up the mess at home. It's unreasonable to expect the entire human race to stop what they're doing and focus on one issue.

Its unreasonable to expect any progress in transforming Mars to happen within our lifetime.

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

#564

Post by elcritch »

Entwickler wrote: post #540
martindale wrote: post #520

Earlier quoted context omitted.

This difference is that in PoS, if anyone ever holds more than ⅓ of the total supply (as is the case with Ethereum's founders currently holding 65% of the overall issuance, for example), they can indefinitely control the chain through their re-org capability.

Apparently Vitalik has 333,000 ETH https://www.forbes.com/sites/michaeldelcastillo/2021/01/11/b .... Which would be 0.29% of the 115 million current supply. I guess Joe has the other 64.71%, or perhaps there are a whole bunch of other founders that I'm unaware of...

It’s probably for ethereum 2, which is PoS.

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

#565

Post by johnisgood »

jcranmer wrote: post #559
johnisgood wrote: post #544

Earlier quoted context omitted.

Can I have sources to that claim? I would like to use it.

https://blogs.sciencemag.org/pipeline/archives/2020/04/15/co... is a post from April of last year detailing the different types of vaccines, which does mention some of the issues mRNA vaccines have had in the past. I think there's a fuller discussion of mRNA somewhere on that blog, but the gist of it is "we've been trying this for about a decade and we might finally have all the kinks worked out."

Thank you, will give it a read.

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

#566

Post by logicchains »

logicchains wrote: post #553
martimarkov wrote: post #485

Earlier quoted context omitted.

Would you think the same way if it was your life on the line? Not livelihood. Live. I think when evaluating situations compassion for people's lives is a more important matter than economical wellbeing. (Even if it's their wellbeing)

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 comparable with the other columns, so if the chance of catching covid is less than 50%, then overall you're also more likely to die in a traffic accident.

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

#567

Post by jakeva »

22c wrote: post #388
kirse wrote: post #293

Earlier quoted context omitted.

In 2017/18 the "smart" money was early into ICOs and the "fools" are just getting into those over the past year. Meanwhile the "smart" money has moved on to DeFi and all that nonsense - DeX, yield farming (ponzi scheming), flash loans, etc. The next cycle you'll see smart money move onto something else, and they'll have figured out how to repackage DeFi to the average fool, which will come with greater linkages to th…

> yield farming (ponzi scheming) There are a lot of ponzi scehemes in cryptocurrency markets, but you will have to expand on why you think yield farming is one of them. The typical yield farming scenario is that users provide liquidity to AMM pools in exchange for LP tokens and accumulate trading fees on the pair while they HODL. The LP tokens themselves can often be staked on the DEX in exchange for governance token…

Maybe it isn't a ponzi scheme (I'm no expert) but even after looking up all the acronyms (and maybe especially after looking them up) this sounds like an episode of Schitt's Creek.

But let me try to actually understand.

You provide liquidity to a pool in exchange for a token and accumulate trading fees, while maintaining ownership of your capital.

Ok, first of all this sounds like a bank. But it's decentralized? So what happens when someone has a majority of governance tokens on your DEX?

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

#568

Post by halfmatthalfcat »

dragontamer wrote: post #563
halfmatthalfcat wrote: post #501

Earlier quoted context omitted.

There's 7 billion human brains on earth. We can spare a couple to focus on making our species multi-planetary while the rest deal with cleaning up the mess at home. It's unreasonable to expect the entire human race to stop what they're doing and focus on one issue.

Its unreasonable to expect any progress in transforming Mars to happen within our lifetime.

...and Rome wasn't built in a day, what's your point? Just because we won't see tangible results in our lifetime doesn't mean the effort, lessons learned and thought energy in that direction is meaningless.

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

#569

Post by toomanybeersies »

logicchains wrote: post #553
martimarkov wrote: post #485

Earlier quoted context omitted.

Would you think the same way if it was your life on the line? Not livelihood. Live. I think when evaluating situations compassion for people's lives is a more important matter than economical wellbeing. (Even if it's their wellbeing)

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.

How many of those workers have friends and/or relatives who are part of a vulnerable demographic?

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

#570

Post by SparkyMcUnicorn »

AngryData wrote: post #561
marcusverus wrote: post #551

Earlier quoted context omitted.

This isn't an attack on your collectivist worldview, it's an objective observation. It's simply a matter of fact that if there was no Elon Musk, reusable rockets would have been delayed two decades at a bare minimum. The same goes for transforming EVs from clunky sideshows to "S3XY" vehicles. Hence, he single-handedly made these changes happen.

There is no way to say that with certainty. SpaceX is far from the only rocket company and while yes, they have had great success, their success only makes it harder for other rocket companies to stand out and succeed. What if another company was just a a year or two behind SpaceX but got their funding shit on when SpaceX launched their rocket? SpaceX is standing on the shoulders of giants, if SpaceX didn't exist, th…

I disagree. Competition is good.
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