[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 525 KB, 849x1567, 273FD169-F74C-4C80-AFB4-5E16999CD6A1.jpg [View same] [iqdb] [saucenao] [google]
26003979 No.26003979 [Reply] [Original]

https://twitter.com/elonmusk/status/1349977642708168704

>> No.26004005

>>26003979
It means that doge will pump

>> No.26004023

>>26003979
it means buy dogecoin

>> No.26004053
File: 170 KB, 3513x1788, xv7.png [View same] [iqdb] [saucenao] [google]
26004053

heres a bone kid

>> No.26004078

>>26004053
take your meds

>> No.26004085

he's just correcting the pseudo-smart dude who said "lol money moves value across spacetime". elon is correct, money is just a method of quantizing labor.

>> No.26004086

>>26003979
It means funny meme

>> No.26004089

>>26003979
it means he doesnt care about the store of value aspect or he doesnt understand it, but it's probably the former

>> No.26004091

>>26004023
imagine buying the top

>> No.26004098

>>26003979
That's kind of a brainlet take though. Decreasing latency has diminishing returns. Reducing tx time from 1 day to 1 hour is amazing. Reducing it from 1 hour to 1 minute is great. Reducing it from 1 minute to 1 second is good. Reducing it from 1 second to 1 ms is kind of irrelevant. Bitcoin's high latency is irrelevant for a lot of use cases.

>> No.26004102

Literally an exact quote from an early edition of the Dogecoin whitepaper.

>> No.26004114
File: 8 KB, 173x292, 47F74FD0-42AF-4D9B-9DC2-0FFD1B2A9177.png [View same] [iqdb] [saucenao] [google]
26004114

>>26003979
MUSK TWEETED???

>> No.26004122

>>26004102
link it

>> No.26004126

>>26003979
fucking kek
Whats Tesla’s P/E ratio elon?
hahahahahaha

>> No.26004142

twitter is so gay for any discussion. even elon cant make it not gay.

>> No.26004158

>>26004053
How heavy are those bags?

>> No.26004161

>>26004053
>3 transactions per second
lol is this real?

>> No.26004172

>>26004098
Decreasing from ms to μs lets you go from black and white tv to HDTV in color.

>> No.26004175

>>26004098
>Bitcoin's high latency is irrelevant for a lot of use cases.
It's relevant for crypto ever replacing fiat in daily transactions which BTC will NEVER be adequate for. As a store of value BTC will persist likely forever but it will not be the currency that a payment system is based on.

>> No.26004176

>>26004085
>dunning kruger
elon is wrong. money does not represent units of labor. the value representation is correct.

>> No.26004221

>>26004176
no, it's labor. otherwise you have a transaction where two people have different "Value" associated with the trade. one person values the money more than the widget, the other sees the inverse, or else the trade would not occur. value is relative, labor is not.

>> No.26004236

>>26004172
We're talking about transacting value, not watching television. Even a credit/debit card transaction takes longer than a second to process.

>> No.26004264

>>26004175
I agree. But there are already plenty of shitcoins with tx around the 1 second mark. Going much lower than that isn't useful.

>> No.26004282

>>26004221
>what is bartering?

>> No.26004321

>>26004282
an inefficient way of trading labor

>> No.26004337

>>26003979
IIT:
Elon exposes himself as a communist

>> No.26004344

>>26003979
buy stakenet

>> No.26004353
File: 38 KB, 605x330, bigoltitties.jpg [View same] [iqdb] [saucenao] [google]
26004353

>>26004053
was this released before or after the SEC lawsuit was filed? That's still pending right? Nevermind I'll pull it up.

>> No.26004378

>>26004264
Yes but most are only fast because of low volume, with higher volume they also become slow. Also fees are retarded.
Someone should tell Elon about Nano

>> No.26004381

>>26004264
I completely see where you're coming from. We've hit a bottleneck with adoption and once that's overcome lower latency coins might end up becoming relevant once again.

>> No.26004406

>>26004085
"Units of labor" sounds like a pretty dunning kruger ass pull to me.

>> No.26004414

>>26004378
>Elon shills nano
>Tons of normies get burned by it AGAIN

>> No.26004427

>>26004221
this would be true in a perfect world but the money is not worth labor as the currency is rigged from the ((top)). Instead its really just worth what you can buy with it. More like a good-goy token. Meanwhile the real wealth is stored in assets.

>> No.26004442

>>26004161
Yes.

>> No.26004452

>>26004321
all labor is not equal

>> No.26004475
File: 3.72 MB, 581x327, but why.gif [View same] [iqdb] [saucenao] [google]
26004475

>>26004406
it's pretty elementary dude, this isn't a new concept

>> No.26004479
File: 1012 KB, 1416x2048, Screenshot_20210115-005538.png [View same] [iqdb] [saucenao] [google]
26004479

>>26004236
Ok retard. Did you know if you can transact faster you can short and long stocks before the rest of the world can adapt to the price?

>> No.26004480

>>26003979
https://www.youtube.com/watch?v=zEM3gshfnmQ
it means buy XRP dumbass

>> No.26004510

>>26004337
marx's labor theory of value is still valid even if you don't subscribe to the goal of a stateless classless society

>> No.26004521

>>26004142
Echo chambers were never meant for discussion. The guy was a genius, he monetized it.

>> No.26004544

>>26004161
Satoshi's grand plan for btc got cucked

>> No.26004545

>>26004053
Now compare nano which is even faster, has zero transaction fees, can handle even more transactions per second and it's decentralized unlikely shitcoin XRP.

>> No.26004586

>>26004545
>nano
Nah no

>> No.26004595

Unironically XRP

>> No.26004618

>>26004510
I dug a hole and filled it back up again. You owe 500 USD worth of bitcoin.

>> No.26004632
File: 122 KB, 1278x1181, 1564259799186.jpg [View same] [iqdb] [saucenao] [google]
26004632

I think he means tesla stock will go down because they don't provide enough products and services

>> No.26004645

>>26004475
It's a shit unnecessary concept.

>> No.26004648
File: 206 KB, 968x733, 1607149352980.png [View same] [iqdb] [saucenao] [google]
26004648

>>26004114

>> No.26004660

>>26004545
>decentralized
Why would the central bankers want that?

>> No.26004710

>>26003979
can't completely agree, currency also needs to hold value, goods and services matter but so does the purchasing power of my currency

>> No.26004721

>>26003979
It's means it's bullish for ETH.

>> No.26004750

>it means:
>xrp
>eth
>doge
>etc

Worst board ever.

>> No.26004801

>>26003979
Are you retarded? He clearly says money has value and is just good to enslave people and create products. Nothing related to crypt here

>> No.26004812

>>26004645
yeah, thats most philosophical investigations. i dunno, it's necessary to understand to some degree. kinda like how understanding that inflation isn't just "lol price go up", but "lol the amount of currency in circulation go up"

>> No.26004860
File: 1.14 MB, 1846x752, 1548441553916.png [View same] [iqdb] [saucenao] [google]
26004860

>>26004586

>> No.26004861

>>26004710
Value is subjective. Perform labor earn currency, unless you're a poor, which of course is the very successful "existence = currency" formula that built America.

>> No.26004890

>>26004660
They dont want bitcoin either, china owns that. So a decentralized option is better if they cannot own it themselves.
"Either we own it or no one does"

>> No.26005791

>>26003979
>What did Elon Musk mean by this tweet just now?
He's shilling his stocks basically

>> No.26005845

>>26004406
>"Units of labor"
sounds very faggit... why couldn't money be ''unit of place where you live'' --houses

''because you buy house with a job''--- this is not always true

Money is gold btc and houses.. skip the dunny krugers

>> No.26005920

>>26003979
He's tripping

>> No.26005986

>>26004161
YES BUY SHITCOINS!!!

>> No.26006022

>>26003979
You get paid for what people decide is important.

>> No.26006028

>>26003979
>Elon being a public figure now and CEO of a public listed company has to hide his powerlevel
>Robert Sneedlove tries to school him on Bitcoin
>Elon shows 0.01% of his power level
>Robert gets blinded and can't sneed

>> No.26006033

>>26003979
Well he is redpilled and based. Sounds more and more like he holds XRP

>> No.26006043

It means DOGE/XLM are the best currencies in the market right now.

>> No.26006053

>>26004176
>>26004406
>dunning kruger
Go back to *eddit you fucking faggot midwit

>> No.26006056

>>26004890
Elites own XRP

>> No.26006109
File: 793 KB, 280x158, 1608667778628.gif [View same] [iqdb] [saucenao] [google]
26006109

>>26003979
Wow he's still a retard on it
He's the richest man in the world now and doesn't understand MONEY
>Labor theory of value
I always knew elon was kind of a retard who just kept trying

>>26005845
Exactly
Worth is its own dimension lol, nonreducible

Why do people exchange lots of "labor units" for baseball cards, elon? Or for fancy watches like Kevin O'leary collects for some reason?

>> No.26006220

>>26004750
Lmao

>insert high tps shitcoin they happen to be bagholdin
Fuck

>> No.26006224

>>26006109
Furthermore, Belle Delphine's mere existence practically disproves the labor theory of value out of hand

>> No.26006234

the whole transaction fud is retarded. what will happen is that trusted companies/entities using Proof of Reserve may issue their own payment rail/token trustlessly backed by btc, nothing else needed

>> No.26006269

>>26003979
He talked to Michael Saylor
https://www.youtube.com/watch?v=basedRXAaN9Xc

>> No.26006290

>>26006269
Huh wtf

https://youtu.be/basedRXAaN9Xc

>> No.26006410

>>26004545
DAGs are not secure. They are a meme. There's a reason they always get hacked, and need centralised oversight to 'work' properly.
>muh free transactions
Unless you are incentivising nodes to secure your network through PoW or PoS then it will not be secure.
The reason DAGs have 16 gorillion tps is because the token you are transacting has no value, because the network itself is not secure.

>> No.26006476

>>26006410
In Nano everyone secures the network. When you want to send a transaction, your hardware has to do the PoW to confirm another transactions. If it wasn't secure it would have gotten hacked already.

>> No.26006622

avax confirmed to be god tier then

>> No.26006785

>>26004479
what use does that have for everyday transactions? the market is not going to adapt around traders trying to cut off time for high speed transactions. Retard

>> No.26006817

>Robert BREEEDLOVE
>That jaw
>That IQ

No fair

>> No.26006860

>>26004221
>value is relative
>labor is not

labor is used to create value, either both are relative or both are not, and both are relative

you fucking dumbass nigger

>> No.26006962

>>26004053
fiat will always easily beat any crypto in performance centralized systems are unbeatable. xrp is centralized enough to be fast but its a stupid scam only purpose is for the devs to print their own wildcat money and dump it on you clueless fucks.

>> No.26007041

>>26003979
he says that alot, that wealth comes from making things and not whatever bankers do

>> No.26007071

>>26006224
You just know some merchant economists will defend the theory and claim she's getting her market value.
the true redpill is that the economy is inefficient

>> No.26007109

>>26003979
He thinks through the faults of money its still somehow the answer to the question, yet he needs to realize one step further in the logical conclusion is that bartering is better than fiat, and now uniswap and aave opens a new world of possibilities without fiat.

>> No.26007128

>>26006962
More demoralizing FUD.

>> No.26007142

>>26006476
Yeah RaiBlocks is the future, man!
Just hop on over to the little Italian cafexchange where we sell it
>what there’s only one exchange
I mean yeah for now!
>couldn’t you rug pull easily?
Yeah but we won’t!

>> No.26007152

>>26004053
I feel bad for your mental health

>> No.26007220

>>26003979
He literally just shilled labor theory... aka what Hitler used to revitalize weimar Germany kek.

>> No.26007250

>>26004175
Are there people who still expect BTC to be a currency rather than preserver of wealth / what actual crypto currency will be (and already is) paired against?

>> No.26007257

UNIRONICALLY ARK

If you think about it

>> No.26007274

>>26007128
these are facts and not fud just look at the fucking scams supply distribution!

>> No.26007284

>>26004053
shill harder

>> No.26007290

>>26004510
>stateless classes society
That’s got to be the most retarded thing I’ve ever heard of.
Class will always exist. Pareto principle you fucking nigger

>> No.26007292

>>26003979
that he wants to use AVAX on Mars. Ticks all the boxes he asks for.

>> No.26007298

>>26004114
kek

>> No.26007307

>>26003979
> least error and latency

Literally NANO, the only crypto that's sub second finally, scalable and never had a double spend.

Keep fuding it though, see you literally at $50

>> No.26007323

>>26007250
i think bitcoin can't be a currency because any reasonably stable currency has to have flexible supply. in bitcoins early days when its inflation was skyhigh it was sort of a hot potato but that's gone now. by design.

>> No.26007355

>>26003979
> "a lesson for elon"
How fucking conceited

>> No.26007402

>>26006224
no you fucking idiot. the theory is reversed on her. men are paying premium for her labor. she is putting in as much labor as she needs to, to reach economic equilibrium. blame the simps.

labor is the root of all value.

>> No.26007444

>>26007071
she is technically getting her "economic" value but not her moral value. read the book of Genesis.

>> No.26007500

>>26003979
So.. NANO

>> No.26007770

>>26007142
lmao are you stupid?¨
There is multiple exchanges, that was only in the beginning and even then there was at least 2 different ones. How should they rugpull?

>> No.26007789

>>26007323
I’m listening to a podcast right now that gets into this and how the fixed supply of BTC could present some serious issues as a currency but it’s about macro in general
https://m.youtube.com/watch?v=YxDPZXj5_co

>> No.26007814
File: 23 KB, 320x320, 1606403453260.jpg [View same] [iqdb] [saucenao] [google]
26007814

>btc
>optimized

Fucking normalfag

>> No.26007869

>>26004053
stop, spoonfeeding season is over

Hahaha ya SEC lawsuit will be the end of XRP for sure guys

>> No.26008046

>>26004053
Holy kek you’re STILL bagholding this turd? lmfao

>> No.26008078

>>26004005
>>26004023
Never change.

>> No.26008095

>>26004053
XRP is dead lol

>> No.26008100

>>26004089
Store of value would have to factor into what he's saying if he's given it much thought.

>> No.26008147

>>26006056
No, no one owns XRP except for retards

>> No.26008169

>>26008100
NANO is a great SoV though, 133m coins, all distributed and redistributed for years, no inflation.
Coin is impossible to FUD. Once we started to moon, it's going to $100 and there's nothing we can do to stop that. What's 10 billion honestly, for the perfect normie coin?

>> No.26008188

>>26006234
>trustlessly backed by btc
that's not possible tho
trustless and backed is an oxymoron in the same sentence.

>> No.26008207

>>26004114
stay poor faggot

>> No.26008229

>>26007789
i have researched what money is the origins and history of money and what games the central banks especially the fed play.

i have concluded the bitcoin can never be money nor can gold be money anymore. money evolved with fiat it was a revolutionary step forward and we are not going back.

>> No.26008266
File: 10 KB, 235x215, 29l25mbuqg321.jpg [View same] [iqdb] [saucenao] [google]
26008266

>>26004053
Grayscale Investments Commences Dissolution of
Grayscale XRP Trust

>> No.26008337
File: 153 KB, 1100x825, ARPAmusk.jpg [View same] [iqdb] [saucenao] [google]
26008337

>>26003979
Musk is secretly buying ARPA (and presumably farming Bella Protocol)

few.

>> No.26008357

>>26008095
Yes, the SEC always takes up issues with dead companies and issues like TSLA and Microsoft.

>> No.26008377

>>26008229
oh and i also concluded: buy bitcoin you fool!
because while fiat is the apex of money evolution it is a system currently heavily abused and used as a wealth pump from the middle class to the richest. inflation is inevitable in a fiat system but when the system is over leveraged with debt on purpose hyperinflation event is likely.

fiat: best money ever invented, use it don't be shy!
btc: best store of value for your wealth ever invented. but now it's in it's infancy barely adopted so don't go over 20% net on initial.
i'm well over 20% now but only because btc did a 1000% the past year.

>> No.26008378

>>26008337
No he's not, schizo street shitter.

>> No.26008816

>>26004053
>0.3% of global energy consumption
No way that's absolute bs.

>> No.26009532

He's a dumb retard who doesn't understand money and is using Marxist rhetoric since that makes sense to him.

>> No.26010037

>>26004053
It’s a security

>> No.26010172

>>26004353
That's old news. The SEC head and the prosecutor both resigned. They were Trump's guys.

Biden's guys will be installed soon, and we'll see what their outlook is.

>> No.26010246
File: 78 KB, 800x600, Hitler.jpg [View same] [iqdb] [saucenao] [google]
26010246

>>26003979
he's just quoting Hitler again
Ford was also fascinated with Hitler
something about building cars makes you worship the efficiency and forthrightness of German dictators

>> No.26010422

>>26003979
imagine shorting TSLA at the speed of light, a dream coming true soon, thanks based elon

>> No.26010718
File: 57 KB, 431x431, 4L_UNVu2MBx.jpg [View same] [iqdb] [saucenao] [google]
26010718

>>26003979