01-28-2021, 02:14 PM | #91 | |
Relic
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02-08-2021, 06:55 PM | #92 |
Alphanumeric
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I'll pile on to this. F@&K Tesla! More specifically, fuck Elon. Yeah, I know there is a bright geeky guy who has done a lot of good in there somewhere, but the ego and the pumping random new shit just because it's new shit has to stop.
Why would Elon suddenly pump bitcoin (or dogecoin for that matter)? A random thing of either very high or perhaps very low value.. I understand how it works, and there are a million copies possible. It happens to be the first widely accepted cryptocurrency. It's not a currency, in fact it's a commodity. Would tesla also accept payment in silver? How would prices move? At this point, I can't help but think it's a power trip for him. He tweets Doge and watches it jump, it's addictive. Even if you recently became the richest man on earth. Mystified and quite annoyed. It's not the business of a car company to get involved in crypto-bubbles. But I guess if bubbles have made you, why not? |
02-08-2021, 07:04 PM | #93 | |
Carmudgeon
Join Date: Jun 2004
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Fuck Tesla
Quote:
Yep - before Tesla got big he came across as a charmingly geeky and bright guy with some good ideas. Clearly success has gotten to his head and he’s long since gone off the deep end with all sorts of bs. Also, once you get that rich and famous it’s easy to surround yourself with sycophants who won’t check your bs. Sent from my iPhone using Tapatalk |
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02-08-2021, 07:29 PM | #94 |
Alphanumeric
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Is Mercedes-Benz out there pumping gamestop or shitcoin or the bubble of the week? Not just irresponsible but unfocused. You're in the car business. Not in the business of pumping risky, questionable commodities. I get it he is getting free marketing and controversy and hype, as well as favorable opinion from the crypto cult, but how is that different from Old Trumpy manipulating crowds when it suited him?
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02-10-2021, 09:44 AM | #95 |
Alphanumeric
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I'm not alone in this. Also Dogecoin is up 1000% this year. What fun...
I guess the power and joy of tweeting is too great. The article doesn't say it but at this point, there is not a bubble this boy has not egged on: Gamestonk, Dogecoin, BTC, his own stock... And then the sinister side of it, tweeting BTC is bs in Dec, having your company buy $1.5B of it, and then tweeting you have it, increasing its value. Then again, he got off super-lightly on more stark manipulation, so why should he pay for this game? https://www.bloomberg.com/opinion/ar...-disconcerting |
02-10-2021, 10:02 AM | #96 |
Solving problems
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Yeah, that's some BS. I know nothing about the SEC, but t smells like it ought to be investigated.
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02-10-2021, 02:41 PM | #97 |
No more BMWs
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The rules don't apply to people like Elon.
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02-10-2021, 03:15 PM | #98 |
Chief title editor
Join Date: Oct 2003
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Has anyone else here read "The PayPal Wars"?
I read a LONG time ago and don't recall what kind of picture it painted of Musk, but I do recall that general perceptions were that it was a pretty accurate telling of the PayPal story. It was very well written and engaging. It did a great job of describing the landscape at the time and I refer that mental model sometimes to provide context for how he operates today having had that formative experience back then. Not sure that's fair to him. I'm sure that I don't care, though. Mostly, I wish there were more business books written in a similar voice. Anyway, highly recommended light reading to anyone on this board who hasn't read it.
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02-10-2021, 03:43 PM | #99 |
Relic
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I'm wondering if / when Bitcoin gets outlawed.
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02-10-2021, 06:14 PM | #100 |
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