haa
― lag∞n, Wednesday, 12 May 2021 22:27 (two years ago) link
maybe it was a big mistake to base an entire financial system on this man's ramblings
― the mai tai quinn (voodoo chili), Wednesday, 12 May 2021 22:28 (two years ago) link
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.
― Ned Raggett, Wednesday, 12 May 2021 22:30 (two years ago) link
https://pbs.twimg.com/media/E1OHVudWEAE7ddZ?format=png&name=4096x4096
― lag∞n, Wednesday, 12 May 2021 22:30 (two years ago) link
buy the dip!
― 《Myst1kOblivi0n》 (jim in vancouver), Wednesday, 12 May 2021 22:35 (two years ago) link
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.
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.
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 12 May 2021 22:36 (two years ago) link
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
― lag∞n, Wednesday, 12 May 2021 22:42 (two years ago) link
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
― lag∞n, Wednesday, 12 May 2021 22:43 (two years ago) link
ethereum dudes are in heaven right now
― reggae mike love (polyphonic), Wednesday, 12 May 2021 22:57 (two years ago) link
Bitcoin Plunge Reveals Possible Vulnerabilities In Crazy Imaginary Internet Money https://t.co/Nrz4jFO0op pic.twitter.com/0oDDbL8VgQ— The Onion (@TheOnion) May 12, 2021
― frogbs, Wednesday, 12 May 2021 22:59 (two years ago) link
this pains me
― intern at pelican brief consulting (Simon H.), Wednesday, 12 May 2021 23:01 (two years ago) link
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
― lag∞n, Wednesday, 12 May 2021 23:08 (two years ago) link
love when all the crazed rich guys are competing to see who can be the most jokered
― Clay, Wednesday, 12 May 2021 23:20 (two years ago) link
I think it's good to have a currency system fluctuates based on how good Saturday Night Live is
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Wednesday, 12 May 2021 23:21 (two years ago) link
definitely a good sign that literally nobody believes this has a thing to do with the environment
― frogbs, Wednesday, 12 May 2021 23:23 (two years ago) link
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.
― o. nate, Thursday, 13 May 2021 13:21 (two years ago) link
It does seem like a pain in the ass merely from an accounting perspective
― rob, Thursday, 13 May 2021 13:23 (two years ago) link
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
― lag∞n, Thursday, 13 May 2021 13:44 (two years ago) link
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
― frogbs, Thursday, 13 May 2021 13:56 (two years ago) link
great “currency”, seems really useful
― Tracer Hand, Thursday, 13 May 2021 13:59 (two years ago) link
when I was offshore betting on sports a few years ago, it was the same thing. paying in Bitcoin.
― Feta Van Cheese (Neanderthal), Thursday, 13 May 2021 14:02 (two years ago) link
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
― lag∞n, Thursday, 13 May 2021 14:27 (two years ago) link
https://pbs.twimg.com/media/EAhXpYyXkAAe_I8.jpg
― Josh in Chicago, Thursday, 13 May 2021 15:19 (two years ago) link
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.”
― Allen (etaeoe), Thursday, 13 May 2021 15:43 (two years ago) link
They were doing this when it earned fractions of a cent from interest. Now imagine a situation where the “currency” fluctuates by 10% hourly.
― Allen (etaeoe), Thursday, 13 May 2021 15:45 (two years ago) link
replacing Gold as a store of value
This happened last century. He must have blinked.
― sharpening the contraindications (Aimless), Thursday, 13 May 2021 18:19 (two years ago) link
hes back baby
Working with Doge devs to improve system transaction efficiency. Potentially promising.— Elon Musk (@elonmusk) May 13, 2021
― lag∞n, Friday, 14 May 2021 14:58 (two years ago) link
Cool system that this dude can just tweet and manipulate the market every couple of days.
― soaring skrrrtpeggios (jon /via/ chi 2.0), Friday, 14 May 2021 14:59 (two years ago) link
its pretty incredible
― lag∞n, Friday, 14 May 2021 14:59 (two years ago) link
youd think at some point hed wear out his welcome but really who knows
― lag∞n, Friday, 14 May 2021 15:00 (two years ago) link
god I wish this was at least a little funnier
― rob, Friday, 14 May 2021 16:45 (two years ago) link
one of those things thats very funny but its drowned out by the profound horror of it
― lag∞n, Friday, 14 May 2021 17:22 (two years ago) link
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
― lag∞n, Friday, 14 May 2021 21:16 (two years ago) link
what does it make better??they always say shit like that then never say why
― Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Friday, 14 May 2021 21:18 (two years ago) link
frees you from big fiat obvs
― lag∞n, Friday, 14 May 2021 21:19 (two years ago) link
I've started to incorporate it in my lovemaking
― frogbs, Friday, 14 May 2021 21:35 (two years ago) link
come on, it's simple. bitcoin is good because it makes tech people money. tech people having more money = better world, it's science.
― the mai tai quinn (voodoo chili), Friday, 14 May 2021 21:41 (two years ago) link
its true it is science
― plax (ico), Friday, 14 May 2021 23:11 (two years ago) link
it also provides a convenient method of money laundering for criminal enterprises. the dece money tech people are making from it is something like the big tip left for restaurant staff.
― sharpening the contraindications (Aimless), Saturday, 15 May 2021 00:09 (two years ago) link
https://decrypt.co/70945/exclusive-dogecoin-developers-say-theyve-been-working-with-elon-musk-since-2019
― just sayin, Saturday, 15 May 2021 03:59 (two years ago) link
musk is always up to something
― lag∞n, Saturday, 15 May 2021 12:03 (two years ago) link
amazing that he managed to become the richest man of all time off the back of some ropey and transparent scams
― plax (ico), Saturday, 15 May 2021 21:22 (two years ago) link
Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.— Elon Musk (@elonmusk) May 16, 2021
― lag∞n, Sunday, 16 May 2021 01:52 (two years ago) link
And a free toaster for first time customers opening an account!
― sharpening the contraindications (Aimless), Sunday, 16 May 2021 01:54 (two years ago) link
later: dumping doge because of enviromental problems he always cared about
― parenthetically yours, (Karl Malone), Sunday, 16 May 2021 01:58 (two years ago) link
but i would also say that if cadillac speeds up production by 10x, increases sales by 10x, and drops fee 100x, they will also win hands down.
― parenthetically yours, (Karl Malone), Sunday, 16 May 2021 01:59 (two years ago) link
what a visionary
― eisimpleir (crüt), Sunday, 16 May 2021 02:05 (two years ago) link
Ideally,
― Clay, Sunday, 16 May 2021 02:05 (two years ago) link
ideally elon would give me one million dollars ten million dollars and a billion dollars, if he did that i would be rich hands down
― lag∞n, Sunday, 16 May 2021 02:13 (two years ago) link