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Comment I wonder... (Score 4, Insightful) 63

I wonder how they're going to deal with repos, deaths, and other cases where the holder of the title refuses/cannot transfer it on the blockchain? If the DMV has the authority to change the blockchain at will, then how are they going to protect against inside jobs where someone pays a DMV employee to "certify" they own a vehicle they stole? So many questions! Also, currently vehicle ownership records are private... what is the benefit of making this info public? Who cares, and what nefarious ways will bad actors find to leverage this information?

Comment Please stop reporting bitcoin values in dollar! (Score 1) 119

I really don't see the point in reporting the value of these bitcoin in $$ when the value fluctuates so much. I mean, I get you want to communicate the general value of the coins to the average reader, but seriously, at this point everyone knows that next week's value will either be $3k or $1.2B.

I've long had a belief that crypto (of any flavor) can't be a "rEaL" currency until prices are natively set in that coin.

Comment Re:and if we skips remember bounty hunters can do (Score 1) 46

I think at this level of wealth, the bonded-bondsmen relationship inverts: Bounty hunters find the guy and then take payment directly to help continue keeping him out of the authorities hands. Just like that Nissan executive that escaped Japan in a box.

Comment Re:Bahamas jail is not fun. (Score 1) 37

I wonder how many fraudsters who run off to some pretty island ever consider "Gee... the jails here are pretty bad, maybe when my fraud is discovered, I shouldn't be here in this country that has horrible prisons and an extradition treaty with the country where I committed the fraud."

I'm guessing it didn't even cross SBFs mind.

Comment Re:Right twice a day (Score 1) 409

Have you ever seen stickers on fast cars or big trucks that say "built, not bought"? I think this gets at the heart of the issue. Musk is pretty good at engineering, and he's pretty good at attracting other great talent to help support his cause. But with SpaceX, and with Tesla, the company was "built, not bought" which allowed it to succeed.

Need proof: How's Tesla solar doing?

With Tesla, he practically invented the category. With SpaceX, he practically RE-invented the category... or if you want to talk about reusability, he literally invented the category. So I'm sitting on the fence with this one. I hate what Twitter is right now. I'd love to see some kind of miracle where a magnificent balance is found where freedom of speech thrives, while at the same time, bots, fake news, dishonesty, hatred, and disingenuous arguments are all massively reduced or eliminated. But I suspect that will not happen and here's why:

In the past when musk spoke about his endeavors, he had an audacious plan and made it public. "Here's my technology for charging EVs, I'm not going to charge you to license it." "I'm going to make a reusable first stage. (Falcon)" "I'm going to make the biggest launcher you've ever seen and it will be mostly reusable.(Falcon Heavy)" "I'm going to build the absolute BIGGEST F-KING ROCKET you've ever seen and make it 100% reusable" (Super Heavy - subject to future success on this last one). But with Twitter what's his plan? I can't think of ANYTHING he's said that will revolutionize twitter. Nothing that will miraculously change the category, spur new sales channels, etc. (BTW, charging for a blue tick next to your name on what may wind up being the worlds most toxic platform is probably not going to drive a lot of revenue). If he doesn't come up with a plan soon, I think the world will arrive at the conclusion that Twitter is the new Truth, Parler, whatever else right wing batshit crazy social platform, and will ultimately suffer the same fate - namely, it will never have broad enough appeal to make piles of cash like his other businesses.

I think it's also important to think about how thin he is starting to spread himself. If he keeps going at the pace he has been lately, he's never going to get his dad-bod to mars. More time spent hiring and managing Twitter is less time spent working on his rockets. At one point he was reportedly sleeping in a conference room in the Tesla factory, and personally working on cleaning and installing parts on rockets. A guy can only go at it like that for so long, and it's easier to do when you are young. Perhaps a mental breakdown is inevitable, and perhaps buying twitter is actually proof that the breakdown is in progress. Personally I think his buying of Twitter was the worlds most expensive example of running your mouth, f-ing around, and finding out.

Comment Re: Theft (Score 2) 374

Battery capacity. Tesla puts the same battery packs in their cars regardless of which model you buy. The "capacity" is enforced through software. This is why they dropped the P100 and P75 branding... since they both have the same battery. I remember a few years ago during a hurricane in the US southeast, Tesla temporarily turned on the 100kwh capacity for all vehicles to help people get out of harms way.

Comment Re:Good job (Score 1) 72

You're thinking of this as a 2 body system, but I suspect there are at least 3. There's WSB, the hedge funds, and then there's the wannabe WSB. I have a feeling most of the OG members of WSB have already sold and made their money. All of the people who joined WSB - or simply bought - after the news cycle amplified the hype 100x are the ones still hodling and frankly, they're the ones that are going to lose. I mean really, how would one independently verify that someone on WSB who claims to still be "diamond hands" actually has shares? Maybe there's a way, but I'm not aware of it.

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