McLaren_Ferrari

41 ms·

31.
by McLaren_Ferrari 4y ago
Bubbles and scams both thrive on delusion and irrational exhuberance. They are very similar. The only difference is that with bubbles everybody buys into the delusion, whereas with scams at least those at the top are sane enough not to beli
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by McLaren_Ferrari 4y ago
> The subjective theory of value is an economic theory which advances the idea that the value of a good is not determined by any inherent property, nor by the amount of labor necessary to produce it, but instead is determined by the impo
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by McLaren_Ferrari 4y ago
I bet you know the famous phrase : "Nobody ever got fired for buying IBM" One thing I also bet you don't know is that it doesn't refer to IBM stock, it refers to the mainframes. Crypto people should stop looking at marke
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by McLaren_Ferrari 4y ago
It's financial engineering. The human history is basically one big arms race to get the maximum profit with the minimum effort. Up until the invention of BTC bankers and capital allocators like Buffett were leading this arms race. Maki
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by McLaren_Ferrari 4y ago
liberals are already attacking Musk for criticizing twitter (which would in theory jeopardize the deal) Liberals don't understand the concept of risk, last time they violated the rules was back when they missed the sleep time in kinder
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by McLaren_Ferrari 4y ago
How can you grow when you sell 500B dollars of products per year?
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by McLaren_Ferrari 4y ago
The reality is that Elon wants to be a politician but was born in the wrong place to aspire to the highest office. Hence is pivoting towards being "a full time influencer" of the political discourse. He wants ALL the attention, an
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by McLaren_Ferrari 4y ago
When HRC lost I maybe heard 5% of Dems voters saying that she was a bad choice. When Trump lost 0% of Republicans voters admitted that they fielded a QB which lasted one half in the SuperBowl. It's all about referee blaming and accusin
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by McLaren_Ferrari 4y ago
As a guy who follows sports it's really baffling to me how with politics there is not one iota of self-criticism among the political party voters and especially among single issue voters. Like, sure maybe Twitter and all social media a
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by McLaren_Ferrari 4y ago
But people with money want to throw money at blockchains, not databases. So what's the winning strategy? Raise money for blockchains and then "pivot" to databases? Then you'd also get the praise for being a "visiona
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by McLaren_Ferrari 4y ago
Bill Gates should resign, re-name and re-brand the foundation and bring in a trustee who can sell this stuff to the public. It has to be a guy who can build a cult of personality around him. The stuff that the Gates Foundation is doing is u
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by McLaren_Ferrari 4y ago
The ability to have a nuclear propelled submarine which could in theory stay underwater for decades (if not for the necessities of the crew) is pretty impressive and it has been around since the 70s
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by McLaren_Ferrari 4y ago
The reality is that the judge is still out. Elon has been the world richest man for 6 months, Bill Gates reached the top spot in 1991, that's 30 years at #1, even with charity, divorce and antitrust lawsuit. A sociopolitical movement l
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by McLaren_Ferrari 4y ago
> Some people really need to take a chill pill. People can't take a chill pill because as we look around all the low hanging fruits of technological progress which bring about quality of life have been exploited. We are in the refin
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by McLaren_Ferrari 4y ago
> But the contents of the article suggests that the author has a problem with Elon for some strange reason since they think it is now a problem. Musk is a divisive individual. People who go that route consciously do so because they figur
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by McLaren_Ferrari 4y ago
> Or when was the last time a religion forced your hand? There was this sort of pivotal day in September circa 20 years ago.. Also tax cuts and handouts to religions and cults cause a huge misallocation of the tax burden because it means
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by McLaren_Ferrari 4y ago
Let's make a clear examples of what conspiracies are because otherwise we'll go around forever: Religions and cults fit the bill perfectly They take money and labor from their followers and society (huge tax breaks and exemptions)
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by McLaren_Ferrari 4y ago
Stock is up today. I've seen a crude comment on reddit summarizing the shorts thesis after twitter purchase by Elon. "Musical acts need not to own the stadium they play in. If it flies, floats or....it's better to rent it.&qu
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by McLaren_Ferrari 4y ago
> Gates tries to cure disease. Allen looked for historical wrecks None of that stuff concerns the avg. American. Gates was instrumental in the race for the vaccine and Americans could not give a damn about it. Gates is old, can't sp
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by McLaren_Ferrari 4y ago
The article mentions Gates and how he was essentially retired by Musk with his "pregnant man" tweet . He basically dunked on him like young NBA players dunk on old ones putting their crotch in their face. Gates, Buffett, Kochs, Wa
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by McLaren_Ferrari 4y ago
Musk methods might be harsh or offend a particular political spectrum but they are meant to optimize for time. Time is of the essence for somebody running 6 companies and trying to accomplish what he set in ambitious timelines. Many people
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by McLaren_Ferrari 4y ago
> In my experience, what we call optimists are often just people with a superior ability to see what is possible, usually based on intelligence, experience, and knowledge. They usually are the first to recognize that the world has change
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by McLaren_Ferrari 4y ago
> It is therefore the tool of charlatans Charlatans? I don't think there are any charlatans around. Maybe the bad guys you are referring to are the evil shortsellers working together with the Shortseller's Enrichment Commission
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by McLaren_Ferrari 4y ago
> "How can this optimism be justified? Not on the basis of specific future technologies—which, again, are unproven—but on the basis of philosophical premises about the nature of humans and of progress." The premise is "opt
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by McLaren_Ferrari 4y ago
I guess the premise is that I am having a social interaction with this person and not just thinking in my head about it as I walk past by, right? So yeah to the social and civilized me it will always be anybody who identifies as a woman. Bu
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by McLaren_Ferrari 4y ago
When Musk takes hold of the newscycle HN becomes essentially a tabloid dedicated exclusively to cover Musk . Sad state of affairs. People should learn, in time, that the odds that they make the thread which strikes gold are very low though.
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by McLaren_Ferrari 4y ago
Outside social media, in the real world Trump is held to higher standards than Talibans because conventional wisdom is that he should be much more level headed given that he went to the best universities in the world and is at the POTUS whe
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by McLaren_Ferrari 4y ago
Well Obama...I am pro free speach And I empathize and understand people who talk about free speech in its most unadulterated way. But there are tradeoffs and costs, lots of them have been already detailed so I'll focus on something els
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by McLaren_Ferrari 4y ago
I guess TC isn't coming back from his year off after all. This too shall pass I guess, politicians and promoters like Musk come and go. They have always existed. The main point is that they don't love the game of business and capi
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by McLaren_Ferrari 4y ago
> The fact we haven't put humans on Mars yet is disappointing Statements like this exemplify how out of the touch with real life Musk supporters really are. The obsession with vanity projects will run the U.S. into the ground. Also

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