Looking forward to Tesla reporting Q2 earnings next month. I assume another round of disastrous numbers paired up with some vaporware distraction. Perhaps they can keep this charade going, but at some point reality will catch up.

It already jumped up about 10% on monday simply because the service launched. Even if the service crashes and burns, they’ll jump to the next hype topic like robots or AI or whatever and the stock price will stay up.

Oh right, I forgot that history started on October 7th.

Iran is simply countering the terrorist state known as israel.

Iran has the right to defend themselves and israel has proven again that Iran is in need of this defense.

I think at this point Android is the king of operating systems in terms of what the majority of consumer devices run. Perhaps the path forward is people plugging their phone into a dock and being presented with a more productive interface.

I’m still using my GTX 1070. There just aren’t enough new high-spec games that I’m interested in to justify paying the outrageous prices that NVIDIA is demanding and that AMD follows too closely behind on. Even if there were enough games, I’d refuse to upgrade out of principle, I will not reward price gouging. There are so many older/lower-spec games that I haven’t yet played that run perfectly for me to care. So many games, in fact, that I couldn’t get through all of them in my lifetime.

I’m grateful I have the basic technical knowledge of how to install an adblocker. 🙏

Memory manufacturers purposely cut production to help justify cost increases: https://www.tomshardware.com/news/memory-prices-rebound-due-to-reduced-production-increasing-demand

But yeah, they’ll also take advantage of demand (real or imaginary) to jack up prices: https://www.tomshardware.com/pc-components/dram/micron-confirms-memory-price-hikes-as-ai-and-data-center-demand-surges

Yep, that’s leverage. They sold notes which can be converted to shares of microstrategy. So while they don’t have to issue more shares right now (which would dilute shareholders and lower the value of individual shares), they will have to in the future given the conditions on the convertible notes. If they have to convert those notes into shares while the price of bitcoin is dropping, it’s a double whammy because the value of their holdings (which their value is entirely based on) drops AND they’re diluting individual shares by having to issue more shares. This wards off investors which will tank the price even more.

What argument? You pointed to the price of bitcoin going up and I pointed out that scams go up in value. Then you think it doesn’t apply to bitcoin because…? Oh, that’s right, you didn’t make any argument other than “number went up”.

The point did fly over your head, you’re right about that. Pointing at the current value of your scam investment as proof of it not being a scam does not make it legitimate.

Crypto is not used to bypass regulations.

From the very beginning it was sold as a way to work outside the existing banking system and all it did was recreate the earlier days of banking with little-to-no regulation.

It is easier to regulate crypto because of the public multiple ledger system that is the Blockchain, allowing you to trace tokens all the way back to their conception.

The key to regulation is enforcement. While some regulation was put on the books, the government has been very lax with enforcement. Obvious pump and dump schemes, which would be illegal with securities, are left completely alone with crypto. Ridiculous amounts of leverage has been used to pump up the value of bitcoin, including fraudulent printing (see Tether). Also, while the bitcoin ledger is public, you can shuffle and obscure entry and exit points enough to make it anonymous.

The purpose of Crypto is that it removes the need for a bank for transactions and holding of nonphysical currency. Adoption rate proportional to total population is what gives them stability and makes them less susceptible to scams or pump and dumps.

It removes the bank and introduces mining consensus. In the case of bitcoin, this consensus is slow and costly so people have built more centralized networks on top of it. Those are your new banks right there. Plus there is the issue of mining pools becoming too large and thus having more say in the consensus. Now talk about Proof of Stake and you’ll find it’s just a system where the more you hold, the more power you have (i.e. like the rich who hold more money).

My Enron stock disagrees.

Yes. That bitcoin dogshit fell and rose with the covid fall and rise of stocks. You think bitcoin is some profound new form of currency, but it’s really just another avenue for wall street to steal from main street.

What does “financialize their bitcoin holdings” mean? Do you mean they use leverage (i.e. debt) to buy bitcoin than they could otherwise? That’s nothing new and is a common ETF strategy (see BITX). And yeah, it also means the bad times hit much harder.

No thanks. I’d rather have 4TB SSDs that cost $100. We were getting close to that in 2023, but then the memory manufacturers decided to collude and jacked up prices.

They had a ridiculous number of people putting in a deposit to reserve one, about two million reservations according to this: https://insideevs.com/news/687142/tesla-cybertruck-2-million-reservations-crowdsourced-data/

I guess they came to their senses.

My point is that the rate of improvement is slowing down. Also, its capabilities are often overblown. On the surface it does something amazing, but then flaws are pointed out by those who have a better understanding of the subject matter, then those flaws are excused with fluff words like “hallucinations”.

The assumption here is that the AI will improve. Under the current approach to AI, that might not be the case, since it could be hitting its limitations and this article may be pointing out a symptom of those limitations.