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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

#621

Earlier quoted context omitted.

Sorry if it sounded out of place. The context is that Dan's team does so much impactful work thanks to powerful software. But for various reasons, a lot of the required knowledge is esoteric. (Do you know how to write an emacs library to provide proper indentation for arc? If not, are you ready to dive in and learn, without extensive supervision?) It's also crucial for HN team members to be trustworthy and effective.…

Wow. Just wow. I like Hacker News like the next person. In fact, I'm here all the time. But it's a business expense for Y Combinator, is it not? That's not a charity. These folks may do great work, and I like it a lot, but isn't it also just their job that they get paid for. There's people that go above and beyond in a lot of companies, many of them sadly less visible, while you make it weirdly (to me) sound like som…

It's definitely not a charity. Dan offered to pay me a contract rate, but I was such a mess at the time that – and this an impressive fumble – I managed not to say "Yes, thanks! How do you feel about $x?" and instead launched off the deep end somewhere. (I was working on Emacs indentation in between Uber rides, since I was a driver at the time; much hacking ended up being done in a Best Buy parking lot under the actual moonlight. So at the time I was a little, uh, "eccentric" is probably the nicest way to phrase it.)

If I made HN/YC sound weird, it's only because I'm weird; sorry about that. My path through life was nontraditional. At the top of my salary history (https://news.ycombinator.com/item?id=27109946) is "unpaid intern for a year" – I still think that unpaid internship was the best thing that ever happened in my life, especially at 17. (Incidentally, I was paid a few hundred bucks under the table; the problem was child labor laws, which are somewhat onerous in America.) A lot of people would feel that that's unfair. I say that in exchange for them putting up with a sometimes-goofy 17 year old, I was able to learn almost as much in that first year as I have in all subsequent years.

HN is similar in that there's an astonishing variety of interesting, unintuitive infrastructure tasks that you'll be exposed to. (I still rely on Emacs occasionally; that skill wouldn't have been in my arsenal.)

One reason I said anything at all is because Dan has been saying for several years that one day he might open source the moderation browser extension he uses; think of it like an IDE for HN. I was thinking perhaps someone could show up and say "Hey, I'd be willing to help package it up for release!" or something, because I personally think that it would be Hella Cool, as they say, to have some kind of power-user mode for HN. But since it has possibly sensitive moderation features, trust is of course a crucial issue, which takes time to establish remotely.

The other aspect was that Scott Bell (a former mod) was basically my only friend at that time. "Associate" is probably a better description, since he had an almost Vulcan-like detachment; nothing seemed to phase him. He was so cool that he was ice cold when it came to work, yet friendly and interesting when it came to life in general. Much of my present style was influenced by him. I think he put in a good word for me, and I ended up wasting a lot of their time instead, which I've felt badly about for years.

So some of those feelings were coloring my writing a bit; I'm certain that the HN team is a well-oiled corporate machine, as you'd expect.

It was interesting that an opportunity like that was even on the radar for me at one point, since as you allude to, it's somewhat unusual. But it's due to a confluence of factors, and they've likely had an influx of help (and business expense) since then.

But of course, business expense means business priority. And that leaves no time for interesting yeoman work like open-sourcing a neat HN browser extension. (It's pretty rad: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...)

So if work like that sounds interesting, email 'em and say something. But a word of advice: go into it with a chill mindset, and realize that it'll take time to earn trust. https://news.ycombinator.com/item?id=20176460 mentions factoring out moderation-only features, so it's understandable that they can't simply say "Here's the code!" to anyone who shows up and asks.

"Hacker News" definitely lives up to the "Hacker" part of the name. It's not too often that such impactful infrastructure is written in Lisp. I think that's super neat, so maybe someone else will too.

EDIT: Oh yes, I should probably mention Numen. If you do end up needing to learn Emacs for random esoteric jobs, Dan's old Node.js debugger is an amazing resource: https://github.com/gruseom/numen/blob/master/numen.el

It stopped working after Node 0.6 I think, when Node dropped the old debug API. But I got it working once, and holy moly it was cool. It was like Indium (https://github.com/NicolasPetton/Indium) in that it was a JS debugger on steroids, and IMO had nicer features than even Chrome. It was even superior to Indium in a certain aspect related to cross referencing function names in the debugger with the actual files/lines they were defined at. I don't remember why, but the new Node debugger system made that super difficult for some reason.

Numen's a great example of the type of work that you'd be in a position to do. Much like Lisp itself, Numen seemed to have an extraordinary amount of power, yet few people noticed. Neat code.

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

#622

Earlier quoted context omitted.

They only declare their sales after the fact. There is a chance that Tesla owns no bitcoin at this time. Probably they still do, but...

Then won't they get in trouble? The most recent statement directly says they have not sold any, just stopping accepting payments in it. That would be an explicit lie then, something the SEC has jurisdiction over? (I'm not actually sure)

I think the statement says they will not be selling any in the future.

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

#624
post #361

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If they are so easy, why isn't everyone doing it? Why can't Bezo put payloads into space with a billion every year invested? Why can't every other car manufacture seem to put together an electric car with the same range? I don't want to buy a Tesla, I'd rather something with physical knobs, but there's nothing that quite hits the mark yet.

> Why can't Bezo put payloads into space with a billion every year invested? Because he was busy changing the face of consumer retail, the internet, and other huge aspects of society up to a few months ago. Give it a couple of years and you'll see Blue Origin eat SpaceX's cake. > Why can't every other car manufacture seem to put together an electric car with the same range? Mostly because other car manufacturers are…

Give it a couple years? They have been at this longer than SpaceX has been and are about 10 years behind them.

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

#626

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 don't think anyone is saying that without SpaceX science and people wouldn't exist.

But, SpaceX and Tesla for sure accelerated the EVs market and reusable rockets. I don't think anyone could've created this level of buzz around their companies. Main thing being that most of the general public now knows about Tesla and SpaceX and the awareness around EVs and reusable rockets. Now, I'm not saying Musk is some godsend or something, but he definitely played big role in creating this buzz around space travel and EVs.

> their success only makes it harder for other rocket companies to stand out and succeed.

Of course it does. That's one of the main points of one's success and it is true for every single field in existence. By that logic, no one should succeed because that would make it difficult for others? I strongly disagree with that one.

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

#627

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That makes it sound like he was doing a cheap pump and dump. Maybe you're right.

I'll say again, it makes no sense for Elon Musk to do a cheap pump and dump. He's worth over $100 billion. The hundreds of millions he might make from a pump and dump are literally a rounding error to him

A pump and dump gets him actual cash, as opposed to capital tied up in shares. But more importantly, every move gets him the press coverage he craves.

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

#628

So many comments in this thread suggest Musk is an all knowing individual. "How could he miss this?" "I can't believe someone so wealthy can miss something so important!" And so on. This is a really sad view, IMHO. Wealth may provide more opportunities to learn and expand, but that doesn't mean the wealthy know everything. He should have done his research, maybe he did and decided to go that route anyway, but wealth…

He may not be all-knowing, but my retired, former customer service employee grandmother knows Bitcoin is produced with dirty energy in China. It's not exactly secret knowledge. So, it's obviously a pump and dump.

And how the hell did she come to know that?

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

#629

Earlier quoted context omitted.

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

Nobody's forcing them to associate with vulnerable friends or relatives. And it's not like they don't have a choice; tech workers aren't exactly poor.

What do tech workers have to do with a car factory?

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

#630
post #389

Earlier quoted context omitted.

That doesn’t fit given he is still pumping Doge since his announcement about BTC. https://twitter.com/elonmusk/status/1392974251011895300?s=21 https://twitter.com/elonmusk/status/1392030108274159619?s=21

Yeah, saw this. At this point I don't think he even knows what he is doing. There are no active Doge devs. https://twitter.com/elonmusk/status/1392974251011895300

Why would it need devs? It can be pumped and dumped with no further code changes.
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