Dogecoin Jumps After Token's Symbol Replaces Blue Bird as Twitter Logo (coindesk.com) 103
Dogecoin (DOGE) rose 12% after the Shiba Inu symbol representing the token replaced the familiar blue bird atop the Twitter homepage. From a report: Elon Musk in the past has suggested the meme coin may offer better payments functionality than bitcoin.
Ladies and gentlemen, (Score:5, Insightful)
these are the dumbest motherfuckers alive.
Pump and dump (Score:2, Insightful)
Re:Ladies and gentlemen, (Score:5, Insightful)
Message me when dogecoin gives you myocarditis or people insist that you not having dogecoin puts their health at risk.
Then we can talk dumbest motherfuckers.
Fine.
These folks and anti vaxxers are the dumbest motherfuckers alive.
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p>These folks and anti vaxxers are the dumbest motherfuckers alive.
To be fair to the anti-vaxxers, if you had a lucky roll of the genetic dice you can catch Covid and not lose any money. Cryptocurrency doesn't give a shit about your genetics, it will potentially drain you of every last dollar you're willing to gamble.
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if you had a lucky roll of the genetic dice
99.97% with functioning immune systems are now called lucky instead of normal?
Now, don't assume they identify as having a functional immune system. This is ableist talk and a sign of systemic immune supremacy, you immune bigot!
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This, but seriously.
More than 0.03% of the population is immunocompromised in some capacity.
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I don't believe your figures. My sister had long COVID. She seems to have recovered, but it took about two months. It's true that you can't really justify statistics on an individual basis, but the if I were ignorant of her status, your claim would mean that I should believe she was unaffected with great certainty, and this is clearly a wrong conclusion.
I don't know what the real number is, but I don't believe your claim. The publications that I read disagree about the prevalence, with some going as hig
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Harm reduction from vaccines means a lot more than just reduced number of deaths. Fuck off with the notion that the only problems were deaths.
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Are we talking pre-covid or post-covid anti-vaxxers?
Because I find it interesting how the wind has turned on covid vaccination suggestions from various governments lately.
I also find it interesting how being cautious about what comes out of big pharma seemed to have been the thing to do around here pre-covid, but during covid you were akin to a flat earther if you dared question anything that was happening.
People around here have too high of an opinion of themselves, generally speaking. Nerds like to think
Re:Ladies and gentlemen, (Score:5, Insightful)
Are we talking pre-covid or post-covid anti-vaxxers?
I'm not sure there's a big difference.
Because I find it interesting how the wind has turned on covid vaccination suggestions from various governments lately.
I also find it interesting how being cautious about what comes out of big pharma seemed to have been the thing to do around here pre-covid, but during covid you were akin to a flat earther if you dared question anything that was happening.
Has it? Vaccine side effects happened pre-COVID as well and there's always been a difficult question of risk vs reward, particularly with vaccines where you're treating a healthy person. But I haven't seen any evidence that the expert consensus around vaccines, COVID or otherwise, has been wrong.
And yeah, big pharma has plenty of sins, but their vaccine development isn't really one of them.
People around here have too high of an opinion of themselves, generally speaking. Nerds like to think they are above the unwashed, undereducated masses but what I've seen from tbis community is as lemming-y as it gets.
Generally speaking, I think you have it backwards.
"Nerds" is a terribly imprecise filter. Rather what I see in the anti vaxxers is people who have spent a few hours watching videos and/or reading blog posts and suddenly think they're smarter than the experts who dedicate their lives to investigating a question.
I mean it's one thing to think you're "above the unwashed, undereducated masses", but to think you're also above the well educated dedicated experts as well? And to call the people skeptical of your claims lemmings?
It sounds pretty damn arrogant to me.
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I think he's just misunderstanding. I did read a committee suggestion that people who have had the vaccine and a booster shouldn't be given any more (for how long?) unless they were in a high risk category, but this was justified on the basis of cost containment.
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Fine.
These folks and anti vaxxers are the dumbest motherfuckers alive.
These folks and anti vaxxers and anti gun control are the dumbest motherfuckers alive.
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I don't understand the why of the "anti-vaxxers", though they have many historic precedents. But IIUC the anti-gun-control people aren't stupid, they just have a different set of goals and priorities. It's more an emotional decision than a logical decision, and I mean that for BOTH sides of the debate. Some people are more appalled by the news of apparently wanton killing than others. There are probably other factors involved, too, but I've rarely heard either side making a genuinely logical argument wi
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FWIW, why aren't the pro-gun control people against people driving cars? That has a much higher death and injury rate. (This isn't a serious challenge, it's an example showing that the normal arguments rest on axioms and postulates that aren't explicitly stated.)
These folks and anti vaxxers and anti gun control and pro driving ever larger murder SUVs are the dumbest motherfuckers alive.
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FWIW, why aren't the pro-gun control people against people driving cars? That has a much higher death and injury rate.
Actually, bad diets [cdc.gov] are more deadly than cars and guns. Back when those Parkland kids were having their anti-gun protest inside a Publix supermarket, I kind of wanted to imagine they were actually protesting unhealthy eating habits since that would've made more sense given their chosen locale.
Mostly the reason why the less reasonable portion of the gun control people are against guns is that they're of the sincere belief that nobody needs a gun. Usually it's because they're oblivious to their own privileg
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Actually, bad diets are more deadly than cars and guns.
This is only true for some age groups. Children in particular are unlikely to die from heart disease, complications from diabetes, and cancer. But in recent years the top killer of children (once you exclude newborns) was firearms (homicides first, then suicide, then other categories such as accidents). https://www.nejm.org/doi/full/... [nejm.org]
In terms of years of life lost, we should still focus on unintentional injuries (including vehicle crashes, homicides, suicides) because they cause the highest number of ye
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Well, sometimes they feed their children the same bad diet.
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talk about dumb you motherfuckers don't even know how probabilities work or the meaning of the word "acute"
don't get into a dumb motherfucker match with an anti-vaxxer, they beat you every time!
Sure he's dumb (Score:1)
Sleep well.
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- create green electric cars
Electric cars are over 100 years old. [youtube.com] Musk was a savvy businessman when it comes to making them perceived as "cool", rather than dorky looking smug-mobiles. [imdb.com]
- reignited the space race
Privatizing space seems like it came at the cost of sacrificing a bit of national pride in what could be accomplished when we all work together. NASA isn't just a space program, it is a symbol for the greatness of our nation. Outsourcing it to Musk kind of feels like having ChatGPT write your college essay.
- launch a cost effective global communication system
Something like Starlink would've happened w
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Privatizing space seems like it came at the cost of sacrificing a bit of national pride in what could be accomplished when we all work together. NASA isn't just a space program, it is a symbol for the greatness of our nation. Outsourcing it to Musk kind of feels like having ChatGPT write your college essay.
- launch a cost effective global communication system
Something like Starlink would've happened with or without Musk behind it. It was basically just an evolution of existing satellite internet technologies.
NASA was struggling, mostly due to congress constantly micro-managing its most exciting projects to either a complete standstill or even an overall backslide while shoving money through them proclaiming how much money they waste. Meantime, most of the earmarked NASA money literally went straight to congress critter's home districts. Something had to give if we ever expected to kick-start space exploration in the states. And as much as I dislike Musk as an individual, there's no denying that SpaceX's "move f
Re:Sure he's dumb (Score:4, Interesting)
I'm not really sure you should count what he's done to Twitter as a benefit. Saying he's "restored free speech" to it is certainly not exactly accurate. How about "changed what speech is censored"?
I actually approve of much of what he's done, but I sure wouldn't want to work for him. And I rather hate his politics (not totally, there are places where I agree).
Musk is an egomanical narcissistic power-hungry businessman. (I'd say "Technocrat", but people would misunderstand that to mean "technocrat", which isn't the same thing at all.) But many of his tools for achieving power are, or at least may be, beneficial to the species.
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Musky makes zero decisions that affect my life.
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but he's got billions and billions of dollars and he daily makes decisions that alter the course of your life.
If he wants to pump a stupid cryptocurrency, a few fools losing their money doesn't affect me in the slightest. Yeah, there might be some ripples in the greater economy, but that's getting into butterfly effect territory. What does likely affect me is when Musk does things like this. [twitter.com]
Generally speaking, people with his kind of money are telling you to vote for their best interests, not yours.
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Come on, Musk is the ultimate philanthropist. He's always posting videos on YouTube where he gives people the chance to double their money by sending him BTC.
Of course Alphabet/Google/YouTube are equally deserving of our praise by allowing these videos to be posted time and time again to hijacked channels even though a child could write the code needed to prevent this.
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At least it's not you making life-changing decisions for us. Whew!
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Geeze. Talk about the most obvious comment, Captain Obvious.
Re:Ladies and gentlemen, (Score:5, Insightful)
Seems Legit (Score:5, Insightful)
This guy might just be the second-worst businessman in the country after Donny T.
I don't think the law applies to him (Score:3)
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I think it came down to the fact that he did not sell any tokens when he had 'pumped' their value, so it didn't technically count as a 'pump & dump.' Now, he was still given a slap on the wrist and told to never do it again, so we'll see how this goes.
I'm not talking about the tokens (Score:2)
As CEO of a publically traded company you're not allowed to lie about your company's capabilities. Elizabeth Holms found that out the hard way. The only reason Tesla's CEO isn't being fitted for horizontal stripes right now is his comp
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I'm talking about his multiple tweets that Tesla automobiles had or would have full self driving capabilities in the near future, which it can easily be shown was factually wrong and that as CEO he would either know that or have been criminally negligent in not knowing it.
Don't they now have disclaimers in the presentation that basically say that everything said could be bullshit and shouldn't be taken as fact? I remember this coming up at one of the recent presentations but don't have time to dig it up now.
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How dare you suggest that Elon has lied about the capabilities and delivery of his promises!!!!
I demand that you get in your Cybertruck, self-drive it to the nearest Hyperloop station and travel a very long distance (faster than an airliner) so that you can apologise in person to his face!
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Re:I don't think the law applies to him (Score:4, Informative)
he won his lawsuit about the "full self driving" tweets that pumped their stock. That seemed open/shut to me, but here we are. Laws are different when you have that much money.
Citation? I think you're getting your lawsuits confused. There's been no decision on the currently ongoing lawsuit about FSD claims, and the federal investigation is still open and ongoing as well. The lawsuit he won was about tweeting on taking Tesla private, and that stands to reason as the primary claim was that investors lost money, but by the time they went to trial the share price was actually higher than the dip after the funding secured tweet, so they actually made money. Incidentally Musk was also forced to resign as Chairman over that tweet and paid millions in fines to the SEC so even that lawsuit victory was hollow.
In your defence this legal troll spends so much time getting sued I can understand how you may confuse what he got away with :-)
Laws are the same. You just think they apply differently because you're only looking at what happened superficially. The law is a field where the tiniest details have big consequences.
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There is also what looks to be a class action lawsuit [reuters.com] regarding the actual customers who bought FSD and received what is essentially enhanced cruise control instead.
From where I sit (with a big ol' bag of popcorn), it is the textbook definition of a champagne problem. [urbandictionary.com] The closest thing to a self-driving vehicle that I've ever ridden in are the rides at Disney World. Every car I've ever owned or rented requires you to just (and I'll defer to Rihanna on this) shut up and drive. [youtube.com]
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"How does this man have so many devoted worshipers."
Some people just love hierarchies. Every person belongs in their rightful place, and if you show enough reverence to those above you, maybe they'll let you work their fields in exchange for a tiny portion of the crops.
It's a common trope throughout most of human history, so don't expect people to give it up so easily.
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Is ol' Musky trying to speedrun more SEC violations?
I hate being on Musk's side of this, but Doge isn't a security. We should have proper regulations to deal with the mess that cryptocurrency has caused, but our incompetent congress can't tell a cryptocoin from a hole in the floor, and the SEC has been using "we know it when we see it" as their definition for what constitutes fraud in the cryptocurrency realm. Really, it could go either way.
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He's already been through this. You'd think he'd learn.
Hmm... (Score:4, Insightful)
Re:Hmm... (Score:4, Informative)
Nope, it happened a few hours ago.
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Nope, it happened a few hours ago.
The web team is usually late by at least a day.
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I truly don't understand this move. Alienating people from the familiar feel of Twitter makes no sense to me.
Is it really to pump doggycoin? This is like if Jeff Bezos hijacked the front page of the Washton Post to run a full front page ad for an old used car he's selling.
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Just more signs of some mental breakdown by Musk. Or was he always this chaotic and random with his other companies? He's showing clear signs at Twitter that he really doesn't know what he's doing. He's not doing much to try and get profits up after that huge expense; he's not doing much to get free speech going which was one of his stated reasons for the purchase and seems to be doing the opposite, and he is micromanaging the company which is always a bad sign in a CEO. There's the poop emoji, surely
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But nope. It happened on the same day that article was released. The most beneficial interpretation that I could make here is that with the competence that's still left at twitter, it was the best time they could do for an April Fool's that was essentially just changing a little picture.
Though in my eyes, given Musk's personality and how the lawsuit with misleading Tesla investors with tweets has resolved, the most likely cause
Musk's money is feeling lonely. (Score:3)
Time to pump Doge!
How many times do we have to see Doge rise on his whim only to crash days or even hours later before somebody goes, "Uh, maybe this is stupid?" I suppose, as long as Musk and a couple buddies make some bank from the move, and no regulators care to step in, it'll continue. Sigh.
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Now is a probably a good time to sell. Every time Elon Musk pumped Dogecoin recently, it dropped back to its original value about 2 weeks later and then dropped even more.
This might be the last time we'll be able to sell it for more than 10 cents each.
I'm sure the investors love this (Score:2)
I'm sure the folks that backed that $44 billion purchase (which apparently is worth $20 billion now) are pleased to see how seriously Elon Musk takes this investment.
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Zero Regulations = 100% manipulation (Score:3)
How is it that someone worth $100 billion find it worth their time to scam unsophisticated investors for a few million in spare change?
Before anyone considers this gamble- realize Dogecoin was created as a joke coin, has no limits on the number of tokens that can be created, and the creator has disavowed any attempts to legitimatize it.
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But Musk is a genius!
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He may be a genius in some areas, but that doesn't make him a genius in everything. Right now he's not displaying signs of genius at leading Twitter. He trying to micromanage it, get auto engineers to explain social engineering code to him, responding with the poop emoji to all email sent to customer support. Even before this, he lost himself a lot of money and got into legal trouble with poorly thought out tweets. These are not signs of genius, these are signs of impulsiveness.
There's a Steve Jobs like
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Don't be too sure.
Consider that Musk is also backing a competitor to ChatGPT. Perhaps he intends to have Twitter run by his own personal AI, and it's just taking a while to get things in place.
OTOH, I wouldn't bet on that plan succeeding. But it *could*.
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How is it that someone worth $100 billion find it worth their time to scam unsophisticated investors for a few million in spare change?
Before anyone considers this gamble- realize Dogecoin was created as a joke coin, has no limits on the number of tokens that can be created, and the creator has disavowed any attempts to legitimatize it.
I'm kinda curious what's going on with Musk on this:
a) Is he just screwing around with small time investors and his company for fun? (bankrupting people for LULZ)
b) Is he oblivious to the fact that his actions are screwing around with small time investors and his company?
c) Does he invest in Dogecoin and is engaging in some serious market manipulation?
I'm banking on a/b because as crazy as Musk is I'm not sure he wants to risk jail time for that level of market manipulation.
At to a/b I'm sure he thinks it's
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I'm kinda curious what's going on with Musk on this:
a) Is he just screwing around with small time investors and his company for fun? (bankrupting people for LULZ)
b) Is he oblivious to the fact that his actions are screwing around with small time investors and his company?
c) Does he invest in Dogecoin and is engaging in some serious market manipulation?
The answer is that he's doing all three. This is Elon Musk, after all.
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He's craving attention again.
As for a, b or c... Yes, Doesn't care and Yes and Doesn't care.
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He's craving attention again.
As for a, b or c... Yes, Doesn't care and Yes and Doesn't care.
I'm thinking a bit of a).
Remember Twitter's VIP list [businessinsider.com], which includes both Ben Shapiro and AOC.
What do Shapiro and AOC have in common? And why would Musk want to boost their tweets (particularly when AOC doesn't like him)?
Because they're controversial individuals who really piss off people on the other side of the political spectrum.
The big controversy with FB is their engagement algorithms were (unintentionally?) driving polarization and extremism by recommending content that was... engaging.
I think Musk is
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Before anyone considers this gamble- realize Dogecoin was created as a joke coin, has no limits on the number of tokens that can be created, and the creator has disavowed any attempts to legitimatize it.
While I certainly wouldn't discount the possibility of the cryptocurrency market being more irrational than usual, the general rule is that if you didn't already buy in before a "pump", you've already missed out. Musk just did a favor to everyone who was already HODLing Doge, because people buying in now are likely to end up holding the bag.
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Things have no value until they're actually sold. If you just hold it, it has no value because nobody is buying it from you.
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Why all the negativity? (Score:1)
The crypto coin is clearly a joke coin, yet people realized it might be fun to throw a little money at it anyway. (It's still traded and its value goes up and down like any other alt-coin.)
Musk's comments about it potentially offering more payment functionality than Bitcoin would be correct too. Bitcoin didn't historically transfer from one party to another instantaneously. There could be somewhat long delays on it showing up once a transfer was initiated. That's why it was considered impractical for use
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It gets said every time there's a story about cryptocurrency, but the negativity is mostly because the whole thing is a zero-sum game. It doesn't actually create any wealth. Some people lose, others gain what the losers lost, but in the end the entire scheme is just a way for people to play a game of financial chicken against each other. Unless you have the kind of money and/or influence necessary to move the market, you're more likely to be on the "loser" side of that zero-sum equation.
The obvious excep
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Sorry, but that is incorrect. Cryptocurrencies are negative sum games...unless you're just playing with them for the fun of it. Even then MOST cryptocurrencies are negative sum games. Dogecoin may not be (i.e. may be nearly zero-sum, with play value pushing it over into positive), as it appears to not require much resources to operate. (I'm not interested in that kind of game, so I haven't really checked.)
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Gold isn't any better. While gold has some industrial uses, the majority of it winds up in jewelry or as bars/bullion where it will be inert for ages, doing nothing. The only thing those stores of wealth bring is the perception of value.
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Gold isn't any better.
There's only so many elements on the periodic table that are practical to use as a store of value. What people believe gold to be worth can certainly change, but the fundamentals that made it useful as a store of value in the first place are immutable. Well, short of Star Trek replicator technology, anyway.
Cryptocurrencies, on the other hand, requires not only a belief that it is worth something, but also that the specific cryptocurrencies you're holding will continue to remain popular as a store of value
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At least with gold, if suddenly there was close to unlimited supply, lets say the same supply as lead, it would be used much more. And even now it can used to bludgeon someone to steal their food, or to make nice gold foil hat.
Crypto has about zero real world uses besides pretending it is money.
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I'd say what you described is part of human nature. Placing bets on sports is the same way. No wealth is created. Someone wins and someone loses based on an outcome that neither party can have any certainty of.
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The crypto coin is clearly a joke coin, yet people realized it might be fun to throw a little money at it anyway.
Well just the other day I was talking to someone who had first-hand experience with someone who had lost their life savings betting on it.
Musk's comments about it potentially offering more payment functionality than Bitcoin would be correct too. Bitcoin didn't historically transfer from one party to another instantaneously.
If he's serious about investigating it for Twitter then put out a serious announcement. Don't make these trollish moves that might be a "oh he's about to do enable it" or a "oh, he's making a joke".
That's the thing about Musk that pisses me off. He's constantly throwing out half-baked half-serious ideas and because he's so rich and powerful they have a major impact.
As a w
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Actually, that's a part of Musk's character I rather like. I like to throw off wild ideas too. Nobody takes them seriously, though, and that seems to me the appropriate reaction to Musk when he throws off wild ideas. Only when he starts taking actions to implement them should they be taken seriously.
(OTOH, people can usually tell when I'm just throwing off ideas. I don't know whether that's true of Musk, because what I see has always been massaged by some PR flack to be either gospel or clearly absurd.
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I'd say anyone who lost their life savings betting on a crypto coin deserves their fate. No different than gambling addicts who lose their life savings playing blackjack at the casino.
Is it tempting sometimes to dump your money into something that appears to be going up in value sharply? Sure ... but you have to step back and think before acting. What is the real risk involved?
Even with small crypto coin exchanges, I've lost money in the past on trades simply because I didn't anticipate the rush of people t
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I'd say anyone who lost their life savings betting on a crypto coin deserves their fate. No different than gambling addicts who lose their life savings playing blackjack at the casino.
This specific example was a woman in her late 70's acting on advice of her son.
The trouble with crypto is that is sucks in a lot of less sophisticated investors who don't really understand the risks. The added trouble with Musk is that as a very rich man with an air of authority is that these unsophisticated investors are liable to believe him and get sucked in even further.
Sure, you might believe they "deserved their fate". But would a better outcome simply be these people not getting sucked into the marke
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You can't protect people from their own ignorance. It's like the "whack a mole" game except on a global scale.
Sure, it's not a good outcome when the elderly get talked out of their life savings. But it's happened LONG before Musk touted Dogecoin and will happen LONG after he's gone!
Personally? I think America has a real problem in general with the way we treat our elderly. We've obliterated the traditional concept of embracing "extended family". People were quick to move thousands of miles away from their p
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Sure, but people seem to have largely given up on crypto becoming a payment system. It largely just seems to be an investment game with no underlying value, which largely means sophisticated investors taking money from less sophisticated investors (like the elderly). Meme coins even more so as the people who know the crypto scene have a much better understanding of when the "pump" has subsided and outsiders get suckered in for the dump.
So that's my big problem with what Musk is doing, he's pushing one of th
4D Chess moves! (Score:2, Informative)
Reasons to buy a social network instead of starting your own:
Since buying Twitter (for $44B), Musk has:
The next-level business acumen on display here is truly breathtaking.
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Since buying Twitter (for $44B), Musk has:
Citation required.
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Good point. I've seen several posts by people who have been "driven off", but I think there's a lot of selection bias in action. And the advertisers may not stay gone, once things stabilize.
It still seems, from my external viewpoint, that he's significantly damaged the service. But we'll see. He may just be rebuilding it.
How much DOGE did Elon just sell? (Score:2)
Better payments functionality? (Score:2)
BTC is notoriously slow for on-chain transactions. At least txn prices are down (for now). Dogecoin isn't substantively any better than Litecoin yet (and may never be), so it's odd to promote it on that basis. There are better alternatives to BTC than Doge.