Elon Musk, Tesla, and SpaceX face $258 billion lawsuit for allegedly running a Dogecoin...

[tellmewhy]

When you say something on Twitter it is not the same as when you say something on TV. On Twitter one has to follow someone else and with this action he gives his consent to hear things from him, generally on the internet the user pulls data because all the time he has to click on links. On TV because there are not many alternatives available and no need to click on links it push data to the user.

And cryptocurrencies are not a type of gambling, because there is no pure luck factor, they are a legitimate financial service (a private decentralized currency) and the value comes from market share and the acceptance by the public. Uncertainty from a pure luck factor such as dice is not of the same quality as the uncertainty of market movement.

When one accepts a check or gives a loan there is uncertainty about the future receipt of the money, however it is not gambling.

 

[captaincranky]

Yes, I saw that. Musk is for freedom of speech in the same way that Trump is for freedom of speech. Anything can be said about them as long as it is in praise of them.

FTFY

 

[Tantor]

Whether the cult likes it or not, they will only figure out Musk after Musk has completed his purchase of Twitter, if he ever does. And then it will be the equivalent of Truth Social banning people talking about January 6th. https://variety.com/2022/digital/ne...n-6-hearings-according-to-reports-1235290726/

The only Musk cult is the Leftist Musk cult. Regular conservatives don't care much about Musk either way.

Musk has been the object of Leftist worship for a long time. Then he made the mistake of advocating for freedom of speech. Leftists frantically switched him from the 'Jesus' column to the 'Satan' column. But they still regard him with religious awe. Much like they view Trump. These are icons in the Leftist religious worldview. Negative icons perhaps but still icons.

 

[Ohnooze]

The only Musk cult is the Leftist Musk cult. Regular conservatives don't care much about Musk either way.

So true. Everyone thinks that conservatives love Musk so much but they just love that he's against controlling speech and he doesn't fear getting canceled.
I'm a proud conservative boomer and don't care about Musk either way to be honest....but I respect that he rejects todays woke religion wackiness.

 

[maxxcool7421]

258 billion dollars!? That guy is extremely greedy. Go work and earn money honestly, miserable human being!

""Johnson wants to represent a class of people who have lost money trading in Dogecoin since April 2019.""

This is class action, not for ''profit'' except maybe the firm that runs it. Nice try.

 

[p51d007]

Amazing how Musk, once the "darling of the left" with all of his "green" ideas (EV cars), once he said he was going to buy twitter and let "bad orange man" back on twitter, the left tossed him overboard and is doing anything they can to destroy him. Just shows you what the left thinks.
Do NOT go against our agenda, or, you will be destroyed.

 

[captaincranky]

Amazing how Musk, once the "darling of the left" with all of his "green" ideas (EV cars), once he said he was going to buy twitter and let "bad orange man" back on twitter, the left tossed him overboard and is doing anything they can to destroy him. Just shows you what the left thinks.
Do NOT go against our agenda, or, you will be destroyed.

Speaking for myself, I tossed that piece of sh!t musk "overboard", years before he ever pretended to buy Twitter.

The "bad orange man", told in excess of 31,00 lies while in office, and tried to overthrow the government. Why would anyone in their right mind want to listen to him, let alone give him a global platform to lie from?

 

[ChrisH1]

Not a valid premise that Doge "has no value at all". Nothing does, it's all relative. Even a gold backed currency only has value as long as people believe gold is valuable.

 

[scavengerspc]

Let me add my lack of surprise, please.
But I would love to hear what makes it a Ponzi.

 

[captaincranky]

Not a valid premise that Doge "has no value at all". Nothing does, it's all relative. Even a gold backed currency only has value as long as people believe gold is valuable.

Ain't abstract philosophy grand? For instance, you can connect crypto with gold, by instilling the premise you can "mine" for it. By extension, that infers or implies, an intrinsic value to it.

In the real world however, (where some of "the ancient ones" like myself still live), I'd take a bar of gold over its equivalent selling price in bitcoin, any day of the week, (and twice on Sunday)..

Wanna try existentialism? If a bitcoin falls in the forest, does it make a sound? Hell no, because it's imaginary to begin with.

 

[scavengerspc]

Amazing how Musk, once the "darling of the left" with all of his "green" ideas (EV cars), once he said he was going to buy twitter and let "bad orange man" back on twitter, the left tossed him overboard and is doing anything they can to destroy him. Just shows you what the left thinks.
Do NOT go against our agenda, or, you will be destroyed.

Lucky for America, the right never does anything like that.
They would never dream of throwing Mike Pence, Cindy McCain, John Kasich, Mitt Romney, Walmart, Liz Cheney, Colin Powell, and W overboard. (there is more, many more, if you want them)

You know:
Do NOT go against our agenda, or, you will be destroyed.

You must get headaches looking at the world through your CONservative stained glasses.

Just shows you how the right "thinks."

 

[Eldritch]

Two points :

1- Musk is the richest (also a drama queen and exploiter) man on earth. He could throw money at basically joke coins and not bother. You throwing your life savings on these cryptos is basically a roll of slot machine. You gambled, now don't grumble.

2- All coins are down by approximately same percentage. Bitcoin, Ethereum, BNB, Cardano, XRP, Doge all have fallen around 60% in last 90 days. So it's not only Doge but entire crypto market in a downward spiral. Hard to prove that Musk controls every coin in market. This lawsuit is just to catch headlines and to create buzz. Which it did, Job well done!

 

[scavengerspc]

You throwing your life savings on these cryptos is basically a roll of slot machine. You gambled, now don't grumble.

And dont forget. That also describes the stock market to a tee.

 

[captaincranky]

And dont forget. That also describes the stock market to a tee.

Well, (you know I hate to disagree with you), BUT, if the Dow-Jones were down as much as bitcoin is at present, the average would be at about 14,000 (give or take), and stockbrokers would be, "leaping tall buildings with a single bound".

 

[scavengerspc]

Well, (you know I hate to disagree with you), BUT, if the Dow-Jones were down as much as bitcoin is at present, the average would be at about 14,000 (give or take), and stockbrokers would be, "leaping tall buildings with a single bound".

You're right, I'm just saying as general investment strategy.

 

[AlaskaGuy]

Well, (you know I hate to disagree with you), BUT, if the Dow-Jones were down as much as bitcoin is at present, the average would be at about 14,000 (give or take), and stockbrokers would be, "leaping tall buildings with a single bound".

In Prevalence of Selling, This Is a Market Rout Without Equal

(Bloomberg) -- You can look but you won’t find a stretch of futility as pervasive as the one that is landing on Wall Street.Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsPutin Gets Unexpected Pushback From Ally Over War in UkraineMusk, Tesla, SpaceX Are...

finance.yahoo.com

 

[BuckarooBonzai]

Blaming others for their failure seems to be the new norm with these new generation of investors. I guess people like Warren Buffet, Bill Gates and alike are LOL.

 

[captaincranky]

I hate to quibble, but you've confused solipsism -- or at least subjective idealism -- with existentialism.

No, of course it won't be Gates or Bezos. It'll be chaps like Avro Arrow, dressed in their socialist-red tunics, who do the raping and killing. It's happened countless times in countless places in just the last century alone. A few demagogues ride to power on claims the "evil rich" are exploiting the common man, then they begin seizing real estate, nationalizing corporations, and confiscating bank accounts.

Then the real misery begins.

Mao used class envy to kill 100 million of his own countrymen; Lenin and Stalin used it to create the statist USSR, and Hitler -- as noted above -- rose to power on by fostering the belief that "rich, profit-mad Jews" were exploiting working-class Germans. Castro, Chavez, and untold others have followed the same pattern. It's an appealing philosophy to the uneducated, who eagerly lap up the belief that wealth and villainy go hand in hand.

No, we don't want to take their fortunes or their lands. We just want them to pay taxes like the rest of us.

It seems your "fuhrer", is lashing out at the January 6th committee. Everyone there is lying, and he's the only one telling "the truth". His own daughter threw him under the bus.

His lawyer at the time, a "Dr. Eastman", pleaded the 5th amendment 146 time while being questioned.

That's one helluva paranoid fantasy you have going on. I think most of the "lefties" would just like for 90 pound Asian women to be able to walk down the street without being beat up by some neo-Nazi goon What's it like in your alternate reality? Are people talking about you through the walls? Are spiders crawling up your arms?

BTW, the great pumpkin still holds to the theory that Mike Pence HAD the right to overturn the election in his favor.

While we're on the topic of revolution, here's a little ditty by Al Stewart called "The Palace of Versailles"-

 

[captaincranky]

In Prevalence of Selling, This Is a Market Rout Without Equal

(Bloomberg) -- You can look but you won’t find a stretch of futility as pervasive as the one that is landing on Wall Street.Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsPutin Gets Unexpected Pushback From Ally Over War in UkraineMusk, Tesla, SpaceX Are...

finance.yahoo.com

Bitcoin is off way more than the Dow Jones. Frankly, I don't understand why you're wasting my time with this. If the stockbrokers start jumping out of windows, so be it.

Besides, the topic of the thread is a about a lawsuit concerning crypto

 

[scavengerspc]

In Prevalence of Selling, This Is a Market Rout Without Equal

(Bloomberg) -- You can look but you won’t find a stretch of futility as pervasive as the one that is landing on Wall Street.Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsPutin Gets Unexpected Pushback From Ally Over War in UkraineMusk, Tesla, SpaceX Are...

finance.yahoo.com

What the hell does this have to do with the discussion?
Are you even reading these posts?

Not to mention, the "rout" is happening worldwide.

Keep this up and, to quote your favorite orange person, "I don't wanna be your friend anymore".

 

[paul1122]

This means little twiiter people are mad and need something to bring down someone. Signaling is the new word I believe. He bad guy now! Be mean to him!

 

[Endymio]

No, we don't want to take their fortunes or their lands....

You may not, but most of the "progressive" Left wants exactly that -- and they're quite vocal about saying so. And, in many other nations around the world, they've succeeded in doing just that.

...We just want them to pay taxes like the rest of us.

Musk paid $11,000,000,000 in taxes last year, with an effective tax rate of 54.1% on his Tesla options. If he paid "taxes like the rest of us", he'd pay nothing whatsoever:

More than 100 million U.S. households, or 61% of all taxpayers, paid no federal income taxes last year, according to a report from the Tax Policy Center...

 

[Endymio]

""Johnson wants to represent a class of people who have lost money trading in Dogecoin since April 2019.""

This is class action, not for ''profit'' except maybe the firm that runs it. Nice try.

Eh, what? A class action suit is still a lawsuit. This individual is most certainly seeking a profit -- triple the amount he lost from investing in Dogecoin.

 

[wiyosaya]

Speaking for myself, I tossed that piece of sh!t musk "overboard", years before he ever pretended to buy Twitter.

The "bad orange man", told in excess of 31,00 lies while in office, and tried to overthrow the government. Why would anyone in their right mind want to listen to him, let alone give him a global platform to lie from?

Right there with you. Trump really ought to change his name to Pinocchio. And he's still disparaging Mike Pence for Obeying the Law. Its amazing, to me, just how many anti-patriots there are who hold Trump in such esteem.

Bad orange man?? To me, its POS orange man.

 

[wiyosaya]

You may not, but most of the "progressive" Left wants exactly that -- and they're quite vocal about saying so. And, in many other nations around the world, they've succeeded in doing just that.

Musk paid $11,000,000,000 in taxes last year, with an effective tax rate of 54.1% on his Tesla options. If he paid "taxes like the rest of us", he'd pay nothing whatsoever:

And you believe that crap because "He said so?" It looks like Musk gave $5bn to charities in an effort to quench his tax debt.

Elon Musk Claimed He Owed $11 Billion in Taxes in 2021 — Did He Pay Up?

Tesla’s CEO and soon-to-be Twitter owner Elon Musk claimed in 2021 that he would pay $11 billion in taxes. Did he actually pay that much in taxes?

marketrealist.com

Just like you do to the rest of us here on TS, perhaps you should doubt what Musk says.