Elon Musk

im sure ive said this before but a lot of its been papered over by the fact that teslas have always been expensive toys sold to rich people who own more than one car, but now theyre selling ~$30k cars that people need to drive every day

When I think about Tesla engineering I remember Chris Lattner left after just six months:

https://www.theverge.com/2017/6/20/15844280/tesla-autopilot-software-chris-lattner-ai-quit

“Turns out that Tesla isn't a good fit for me after all,” lol

Tesla reporting is a useful reminder that the technology press has no relationship with technologists.

yeah its pretty much just straight business or consumer reporting

elon is unstable

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

hahahahahaha omg

haha

🧐

lol he really is just joker mode and fucking with the world

hey good for them but uh I suspect there's a more uh...legal reason for this decision

lmao that one tweet wiped out like $10 billion in value

haa

maybe it was a big mistake to base an entire financial system on this man's ramblings

maybe not, though!

hey good for them but uh I suspect there's a more uh...legal reason for this decision

And that alone is deeply amusing.

https://pbs.twimg.com/media/E1OHVudWEAE7ddZ?format=png&name=4096x4096

buy the dip!

i think levine is right about what he's up to here

https://www.bloomberg.com/opinion/articles/2021-04-28/elon-musk-made-tesla-some-money-on-bitcoin

I think that, if you can reliably do that — if you are Elon Musk and you can make Bitcoin go up by tweeting about it — you almost have an obligation to do it? Perhaps a fiduciary obligation to your shareholders, but at least a sort of aesthetic obligation to comedy. If Bitcoin wants Musk to manipulate it, Musk really ought to manipulate it...

Musk is in the nice position of being able to spend billions of dollars buying assets in liquid anonymous markets, and then make those assets go up just by tweeting about them. If you can do that, you should! If you can buy a thing secretly, announce “I own the thing,” reliably cause the thing’s price to go up a lot, and then — if you want — sell the thing secretly, then that’s a great business right there. Talk about clean energy; that’s a perpetual motion machine.

except that he seems to have opted out of the rinse and repeat cycle of it, tho you never know with old elon, also some ppl seems to think there may be be regulator issues at play but idk what those would be

theres also this theory

People make the faulty assumption that @elonmusk is not trying to blow up the system and there are too many absolutely fucking insane people and they are not allowing him to do it.

— Mindful Capitalist (aka socialist) (@HappiestYogi) May 9, 2021

ethereum dudes are in heaven right now

Bitcoin Plunge Reveals Possible Vulnerabilities In Crazy Imaginary Internet Money https://t.co/Nrz4jFO0op pic.twitter.com/0oDDbL8VgQ

— The Onion (@TheOnion) May 12, 2021

ethereum dudes are in heaven right now

this pains me

we really should bring out the guillotines just to shut these guys up

We at https://t.co/VUydpLFzGh will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment https://t.co/bs7NvnJY8A and https://t.co/ELhbuLOBRV shrinking big bank and coin usage will benefit society and the environment https://t.co/zu08F0STEQ

— Mark Cuban (@mcuban) May 12, 2021

love when all the crazed rich guys are competing to see who can be the most jokered

I think it's good to have a currency system fluctuates based on how good Saturday Night Live is

definitely a good sign that literally nobody believes this has a thing to do with the environment

Just guessing, but the real reason is probably something like: BTC is impractical as a form of payment, the expected boost to sales from people wanting to pay with BTC never happened, and the operational risks of dealing with BTC were too high to justify continuing the policy for the tiny number of sales happening.

It does seem like a pain in the ass merely from an accounting perspective

yeah its not —frictionless— to cash out and its highly volatile so you might think youre selling a car for 70k but really you sold it for 69 (nice), also elon is prob manipulating the market, i mean hes definitely manipulating the market and this is probably part of that

it happens a lot with cashouts on the poker site I'm on. you can only cash out in Bitcorn now, and sometimes your withdrawal won't be processed until like 3 in the morning, so when you wake up your $1000 is somewhere between $900-$1100. I was actually planning to cash out some this week, glad I held off now lol

great “currency”, seems really useful

when I was offshore betting on sports a few years ago, it was the same thing. paying in Bitcoin.

As every that has read my $TSLAQ posts about Emissions Credits being made up revenues, I focused on what seemed like impossible numbers in 2018-2019.
I decided to look how far back this goes.

— Mindful Capitalist (aka socialist) (@HappiestYogi) May 1, 2021

https://pbs.twimg.com/media/EAhXpYyXkAAe_I8.jpg

Everyone thinks overnight ACH was a byproduct of startups like Venmo. In fact, the Fed opened up overnight ACH and nobody used it. It wasn’t until regulators stopped banks from holding onto funds to earn the maximum amount of interest possible that they became “consumer friendly.”

They were doing this when it earned fractions of a cent from interest. Now imagine a situation where the “currency” fluctuates by 10% hourly.

replacing Gold as a store of value

This happened last century. He must have blinked.

hes back baby

Working with Doge devs to improve system transaction efficiency. Potentially promising.

— Elon Musk (@elonmusk) May 13, 2021

Cool system that this dude can just tweet and manipulate the market every couple of days.

its pretty incredible

youd think at some point hed wear out his welcome but really who knows

god I wish this was at least a little funnier

one of those things thats very funny but its drowned out by the profound horror of it

jack mad

#bitcoin changes *everything*…for the better.

And we will forever work to make bitcoin better. https://t.co/wssrF2U0P0

— jack (@jack) May 14, 2021

what does it make better??

they always say shit like that then never say why

frees you from big fiat obvs

I've started to incorporate it in my lovemaking

come on, it's simple. bitcoin is good because it makes tech people money. tech people having more money = better world, it's science.