FanboysGetPwned
Posts: 36 +20
Currencies adjust their value all the time in response to news and announcements. Also if someone stops accepting a currency then it devalues it because the user is less confident in it.
Nah, just a classic example of pump & dump. It was plain obvious from day 1 that Proof-of-Work is harmful to the environment.
Which it did, last March, during the COVID crash, down to like 3K. Now that sh*t was wild.BTC is retracing to its 21 weekly average since September last year. This was about to happen regardless. It's in the best interest of Musk to let people sell their bags, so that he can re-buy what he sold last time.
I understand that a 17% drop looks like the end of the world in the traditional stock market. In Crypto, it's just another day of the week. 40% corrections are normal in a BTC bull market. A crash is if BTC drops 80%.
You know, that shoe at one point, was some poor, now grieving, mama cow's baby.I'll just enjoy the rest of my shoe for breakfast, thanks.
You mean sort of something like a Ponzi scheme?Agreed. I don`t know/care of the actual benefits for society of crypto, decentralization promised freedom, but it looks more and more like a carefully choreograph big transfer of wealth, from everybody else to the very rich, Musk and others, who control the ups and downs of this market.
There's more of Ponzi in Musk than BitcoinYou mean sort of something like a Ponzi scheme?
Elon Musk is what happens when you splice Bernie Madoff and P T Barnum's genes together, and get Mae West to carry the baby.There's more of Ponzi in Musk than Bitcoin
He's still shilling for doge, and likely will soon be shilling for Cardano. In any case, he does not seem to be leaving the crypto space anytime soon. He realized that crypto is here to stay, and is trying to guide the sheep to where he wants.Money has three functions: (1) It needs to be able to store value, (2) be a unit of account, and (3) be a medium of exchange. This means that a currency that cannot perform any of these three function is not a viable currency. Therefore, crypto currency is not a viable currency. If with every tweet of Elon the currency is moving up and down, so it cannot store value. It should be called Elon-coin instead. Besides, since now Tesla doesn't accept crypto, crypto lost its capacity of being a medium of exchange, at least with this company.
I just had a thought, actually - Musk founded Paypal, and while he isn't part of the company anymore, he likely still has some stake in it. Paypal is to crypto what the passenger train was to the automobile. Is Musk just practicing "embrace, extend, exterminate" here for Paypal's benefit? Is his offer to help Dogecoin become "more environmentally efficient" just the second stage of that strategy?He's still shilling for doge, and likely will soon be shilling for Cardano. In any case, he does not seem to be leaving the crypto space anytime soon. He realized that crypto is here to stay, and is trying to guide the sheep to where he wants.
It's possible, although, I don't see why he would target Bitcoin specifically. It is possible that he's trying to make Dogecoin the next mainstream currency through PayPal. He's definitely up to something, and it's not random.I just had a thought, actually - Musk founded Paypal, and while he isn't part of the company anymore, he likely still has some stake in it. Paypal is to crypto what the passenger train was to the automobile. Is Musk just practicing "embrace, extend, exterminate" here for Paypal's benefit? Is his offer to help Dogecoin become "more environmentally efficient" just the second stage of that strategy?
Very true. But there are ways to exploit the crypto imagination.Crypto currencIes seem to be creating the same problems that they were supposedly meant to solve. Value instability. Redundancy is about all they got going.
Everybody here seems to extol the wonder of Musk reusing boosters, and the power of his mighty Falcon "Heavy" boosters.Environmentalist?? Just LOL. Every time a SpaceX rocket goes up...then comes down....
Yes, we should give Elon Musk the title "Crapto King".Yes, this is the glory of the crapto.
Amen to that captain, and not to mention, which all the Muskonauts totally do not understand, SpaceX has royalty free access to Nasa patents and technology. Musk has not invented jack sh!t for space ventures.Everybody here seems to extol the wonder of Musk reusing boosters, and the power of his mighty Falcon "Heavy" boosters.
Her is a couple of "fun facts", comparing the Saturn V moon rocket. (Keep in mind the Saturn V put the 1st man on the moon in 1969 (51 years ago, give or take).
Fuels:
Saturn V fuel RP-1 & LOX
Falcon Heavy RP-1 & LOX
This is an AV-8 "Harrier" Operational in 1981.
It too is "recoverable", and features VTOL capabilities.
How does it do this, you might ask? Well, it's by "vectoring" thrust nozzles. How do you land a rocket booster? Well, by using "vectoring thrust nozzles".
One of the "problems" with the Harrier, is the amount of fuel it guzzles doing VTOL maneuvers, thus limiting it's range. When doing this with a rocket booster, you have to exchange payload for extra fuel capacity.
I could go on, but IMO, Musk really hasn't achieved that much on his own with respect to technology. He's just a self promoting windbag and a grifter.
Whatever man comes up with, somebody will eventually exploit it in everyway possible.Very true. But there are ways to exploit the crypto imagination.
About the only thing environmentally friendly is less space junk lying around. Good description of politics as well.Everybody here seems to extol the wonder of Musk reusing boosters, and the power of his mighty Falcon "Heavy" boosters.
Her is a couple of "fun facts", comparing the Saturn V moon rocket. (Keep in mind the Saturn V put the 1st man on the moon in 1969 (51 years ago, give or take).
Fuels:
Saturn V fuel RP-1 & LOX
Falcon Heavy RP-1 & LOX
This is an AV-8 "Harrier" Operational in 1981.
It too is "recoverable", and features VTOL capabilities.
How does it do this, you might ask? Well, it's by "vectoring" thrust nozzles. How do you land a rocket booster? Well, by using "vectoring thrust nozzles".
One of the "problems" with the Harrier, is the amount of fuel it guzzles doing VTOL maneuvers, thus limiting it's range. When doing this with a rocket booster, you have to exchange payload for extra fuel capacity.
I could go on, but IMO, Musk really hasn't achieved that much on his own with respect to technology. He's just a self promoting windbag and a grifter.