Indeed, let’s see which side gets the lesson in hubris.
BTC has been through this before, not so sure about Elon.
Crypto civil war: Elon vs. Bitcoiners
- Thread starter Pekelo
- Start date
Indeed, let’s see which side gets the lesson in hubris.
BTC has been through this before, not so sure about Elon.
Clearly you care to reply....
That was the question I asked before. Of course people care, or wonder, or watch to see what is unfolding.
A very good take on Elon from a Redditor, explaining his psychology:
"I think it’s more than a game to him though, I think he’s trying to find his next buck. He knows the Tesla narrative is super risky, he knows SpaceX is very expensive, and he knows that if things go south he could be in a lot of trouble. So, he dabbled in crypto.
Cryptos are unregulated and worth something and he knew it could help Tesla, but he got more than he bargained for. He knew the pump would work but the increase in BTC was TSLA like. So, being the narcissist that he is, and just like every prior company he was in, he felt like he should own it and be considered a founder. Who else could do what he did! One problem: it’s too late to be a founder of Bitcoin.
But what if he showed that Bitcoin was trash and that he had something better? In comes Doge. Now he’s savior Elon, just like how he’s the savior of tesla.. and one day people can consider him the founder. Hence his “working with the devs”. What if “the devs” don’t listen? (Read: that narrative doesn’t work?). He already gave the answer on Twitter: his own crypto. Yeah it would be a pain as he put it, but such is the life of being a hero right?
So Elon’s own coin becomes just like all his prior endeavors: he gets to skirt the law and claim others work with ridiculous claims to deliver a product that people still genuinely like and corp America doesn’t want to offer and make ridiculous profit. Even better, not only is he skirting the law but there really isn’t any law at all. And on top of that, the value he creates is literally open ended and undefined. Let me put it this way: why go through sleepless nights trying to make the model 3 which, let’s face it, has competition coming and will be hard to ever scale… when you can make a crypto do some tweets and get the same hundreds of billions?
So yeah I think it’s still about the money. And yes he likes to f around for sure. But I think this is more than that."
"I think it’s more than a game to him though, I think he’s trying to find his next buck. He knows the Tesla narrative is super risky, he knows SpaceX is very expensive, and he knows that if things go south he could be in a lot of trouble. So, he dabbled in crypto.
Cryptos are unregulated and worth something and he knew it could help Tesla, but he got more than he bargained for. He knew the pump would work but the increase in BTC was TSLA like. So, being the narcissist that he is, and just like every prior company he was in, he felt like he should own it and be considered a founder. Who else could do what he did! One problem: it’s too late to be a founder of Bitcoin.
But what if he showed that Bitcoin was trash and that he had something better? In comes Doge. Now he’s savior Elon, just like how he’s the savior of tesla.. and one day people can consider him the founder. Hence his “working with the devs”. What if “the devs” don’t listen? (Read: that narrative doesn’t work?). He already gave the answer on Twitter: his own crypto. Yeah it would be a pain as he put it, but such is the life of being a hero right?
So Elon’s own coin becomes just like all his prior endeavors: he gets to skirt the law and claim others work with ridiculous claims to deliver a product that people still genuinely like and corp America doesn’t want to offer and make ridiculous profit. Even better, not only is he skirting the law but there really isn’t any law at all. And on top of that, the value he creates is literally open ended and undefined. Let me put it this way: why go through sleepless nights trying to make the model 3 which, let’s face it, has competition coming and will be hard to ever scale… when you can make a crypto do some tweets and get the same hundreds of billions?
So yeah I think it’s still about the money. And yes he likes to f around for sure. But I think this is more than that."
Crypto is the future of money transactions. If you dont see that then you will be the one crying when you spend all your money to buy it at 100000x prices now
Crypto is the future of money transactions. If you dont see that then you will be the one crying when you spend all your money to buy it at 100000x prices now
It is. Until they shut it down. Central bank 'crypto' is the death sentence.
Right. No, not really.
We will very soon have a centrally controlled digital USD. And USD will most likely strengthen for the remainder of the year. As with the financial crisis, the US will emerge in better shape relative to many other countries.
We will very soon have a centrally controlled digital USD. And USD will most likely strengthen for the remainder of the year. As with the financial crisis, the US will emerge in better shape relative to many other countries.
Crypto is the future of money transactions. If you dont see that then you will be the one crying when you spend all your money to buy it at 100000x prices now
And by crypto you mean Doge, right? Also, even if your statement is true, that doesn't mean BTC>/=45K. (more or at least)
Banks are already using cryptos in interbank exchanges and guess what? That ain't Bitcoin.
Nevertheless, Elon is going to crash the insubordinate and on Mars it is going to be either Doge or Tesla coins!