Tesla was started by a handful of really smart people with a great idea. Musk was ceo as it grew from an idea into the first new major automaker in almost a century. As it grew from a dismissed toy that no one would buy, into an industry-wide paradigm shift. Most of that time musk preached the gospel. You can’t disregard that influence, you can’t claim the guy in charge had nothing to do with it. You might decide his skill was more manipulative than visionary, but you can’t deny that him being the front man was part of the success. You might decide any engineering or problem solving ability was not real, but he was the guy in charge, he did make decisions, and Tesla has generally been a huge success (until recently).
We just need some drug rehab and find a way to reset the god complex ….
For whatever reasons Musk has found himself as ceo of some wildly successful visionary companies. It has not changed that they are finally bringing the future to the present, disrupting old technologies in favor of newer and better, for a better world. And the musk from before his breakdown deserves a lot of credit.
At this point I no longer care about musk either, but SpaceX and Tesla are critical. Or at least SpaceX is. Tesla has not yet finished disrupting vehicle manufacturing , but if we’re content to let Chinese companies go ahead, they’re ready and willing. Legacy manufacturers have been slapped up the side of the face, but if they’re still not awake at this point it’s on them
Sometimes it seems that way when a favorite brand disappears.
For example Tropicana Juice has mostly disappeared: only oj left and it’s smaller and higher priced. I used to occasionally buy their other juices because at least it’s sweetened by fruit juice. Without it, I guess there’s the same variety but missing the middle choice. You need to choose either the corn syrup from the bottom shelf or the expensive stuff from the top shelf
Did you change the time you goto the store? I’m off my routine so the last several times I went to the store everything was out of stock
That’s the point, a use case where no one has to. It’s only the record of ownership.
And clearly you’d still need to make arrangements to prevent multiple chains of ownership for a copied artifact
NFTs make the mistake of assuming that somehow makes it unique, forgetting you can just copy the original. However these use cases work from the opposite direction: given an accused infringement, does that match?
Consider the current use case for trademark. Someone creates a trademark and registers with an authority. At some point they may renew modify, or sell. After some time, that authority has a database containing the original and a chain of ownership. Blockchain could serve this identically, with the potential advantage of the chain being self contained and distributable
For example, you might use it as a trademark registry or to certify a chain of legal evidence. You can validate a presented copy matches the original and what the chain of ownership was. And you can do this without the single point of failure of a nationwide database
There were enough layers in that pyramid and enough years in construction to have room for more people to make a buck.
What’s the difference between a scam and a bubble, and is the bubble more legitimate or just a bigger, longer scam?
NFTs were a misuse of blockchain giving no real value. Plus it was very short term and really only rewarded scammers and manipulators. A true scam.
Crypto is better thought out and actually could serve as a currency. It has a bit more staying power and even enriched a few non-scammers. Does that make it a “bubble” ?
When I worked in investments, it was all about finding the best statistical model to balance returns against risk. It was fascinating how complex the models could be, and even included currency hedging to reduce the risk of exchange rates. And most importantly to also minimize trades to control costs and tax impact. This was before lightning trading: plenty of the funds were monthly trading. Those were the good old days when a better algorithm could shave points enough to stand out but everyone was on similar footing
That’s the big question: do you recognize the scam in time to take advantage of it, and have the awareness to get out in time when there are still suckers?
I know a few people who made money on crypto in the early stages this way: recognize the scam but take advantage.
It was probably possible to take similar advantage of the Trump bribe laundering crypto scam, even without the benefit of the insider trading and market manipulation
I very briefly considered it but don’t trust my awareness to get out in time, plus participating in the scam would eat me up.
Donald Trump is a bully. Bullies like hurting people. They find someone different who can’t fight back, and attack them first. They try to get other people to hate those who are different and can’t fight back. Donald Trump is a bully who has decided trans people are different from others and can’t fight back. He manipulates other people by getting them to attack trans people too
Tesla was started by a handful of really smart people with a great idea. Musk was ceo as it grew from an idea into the first new major automaker in almost a century. As it grew from a dismissed toy that no one would buy, into an industry-wide paradigm shift. Most of that time musk preached the gospel. You can’t disregard that influence, you can’t claim the guy in charge had nothing to do with it. You might decide his skill was more manipulative than visionary, but you can’t deny that him being the front man was part of the success. You might decide any engineering or problem solving ability was not real, but he was the guy in charge, he did make decisions, and Tesla has generally been a huge success (until recently).
We just need some drug rehab and find a way to reset the god complex ….