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Re███d Ape
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Re███d Ape
@EntangledApe
#Bitcoin— in it for the freedom tech since $250 (all lost in unfortunate maritime incident) | ⚡#TSLA from $16 | ☢️ U-235 bull | #ICT dabbler | Rest is redacted
Planet of the Memes شامل ہوئے Kasım 2020
632 فالونگ297 فالوورز
Re███d Ape ری ٹویٹ کیا

@zerohedge True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
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@nikkharris @Tesla Feature request: Let my Tesla (@grok) roast bypassers through its external speakers 🎙️🔥
@elonmusk
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If our retro-futuristic diner turns out well, which I think it will, @Tesla will establish these in major cities around the world, as well as at Supercharger sites on long distance routes.
An island of good food, good vibes & entertainment, all while Supercharging!
Elon Musk@elonmusk
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Höger är inte extremhöger.
Att vilja ha:
• lägre skatter
• färre myndigheter
• mer ansvar och frihet för individen
• stramare migrationspolitik
• nationellt självbestämmande
• trygghet, tradition och gränser
…är inte extremism. Det är högerpolitik - och fullt normalt i stora delar av världen.
Extremhöger är något helt annat:
• rasideologi
• våldsromantik
• förakt för demokrati
• totalitär kontroll
• kollektiv skuldbeläggning av folkgrupper
Det är inte höger - det är antidemokratiskt, farligt och ska bekämpas.
När medier, opinionsbildare och makthavare börjar kalla allt höger om Socialdemokraternas världsbild för “extremhöger” suddas den här gränsen ut.
Det sker inte av misstag. Det sker för att kväva ideologisk konkurrens.
Att tänja på orden är ett sätt att tänja på sanningen.
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@elonmusk When 🇸🇪 got rich it had one of the most open and deregulated economies in the 🌍. Lower taxes than in the US and most western countries.
Then the welfare state eroded the conditions that made the model viable. The 4th richest country became the 14th in decades.
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@sfliberty Recommended reading (Swedish). Basically the long Economic History version of this thread.

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@LinkN01 Mycket bra jobbat! Förvånansvärt balanserat reportage.
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Re███d Ape ری ٹویٹ کیا


@SawyerMerritt Good news. Now it's more than just Tesla lobbying the European regulators to allow FSD.
(Presumably any company would want to cover all key European markets, no matter if EU or not. And UK relaxing policies would also pressure the EU.)
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NEWS: Morgan Stanley analyst Adam Jonas said he was left "speechless" after he spent an hour this week being driven in a robotaxi in London.
Adam rode in a development vehicle from Wayve that used 7 cameras, no radar, no LIDAR, no HD maps and no labeling. It was all end-to-end AI-enabled foundation model.
He said it drove with confidence and like an experienced London cab driver.
Recent video from Wayve of a 75 minute uninterrupted autonomous drive in central London:
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Re███d Ape ری ٹویٹ کیا

You just articulated one of the best parts about Bitcoin.
It will make everything more affordable. Here's how:
Without Bitcoin, you're forced to invest in a bunch of random stuff to grow your purchasing power.
Hotels, homes, speculative startups, etc.
Sure you know a bunch of it will fail, but you have so much cash that you just spray and pray that something hits and makes up for the losses.
That's capital misallocation. And it's happening at scale.
It inflates the price of everything for everyone.
Including homes that people need.
So what happens when people start stacking Bitcoin instead of dumping money into real estate investments?
The price of homes that people actually need to live in will fall.
Prices are truth.
They are the market's way of telling you the relative value of things.
So if your buddy can't get anyone to dump $16 million into a hotel, that means he's holding the bag.
He (or the bank that owns the hotel) needs to revalue the hotel much lower to whatever the clearing price is.
That's what happens when you play around with 20th century stores of value at the dawn of Bitcoin.
Asset holders need to adapt or die.
The price of real estate will continue to fall relative to Bitcoin because it's a terrible store of value compared to BTC.
Insurance costs, property tax, maintenance costs, tenant headaches, natural disaster risk, pandemic risks, etc...
Capitalism won't stop though.
At a certain point, Bitcoin returns slow down when it's properly priced closer to ~$10 million a coin in today's terms.
And then it may make sense to buy equity in businesses that can offer cash-flow or rapid growth opportunities.
But it's important to remember: People won't stop consuming just because they have Bitcoin.
When someone has surplus wealth, they eventually value time/experiences/material comfort more than incremental wealth.
Or they may want to fund entrepreneurs for excitement / challenge / impact.
And so Bitcoin will incentivize people to save and carefully allocate capital, but once they have "enough" - they will still trade some of their Bitcoin for goods and services.
One last thing:
You said deflation is a bad thing.
Deflation is coming no matter what.
When AI and robots are doing 90% of our work, that's massively deflationary because they can do things way faster and cheaper than humans.
Which should make the price of everything fall.
But you're right that deflation is bad for a debt-based economy because you can't pay back debt if the currency the debt is denominated in gets more valuable.
That's why central banks debase currencies to make sure the debt based economy doesn't implode.
So right now, instead of letting technology gains make things cheaper for everyone, central banks actually make sure we all face 2% growth in prices every year.
And they'll debase the currency as much as they need to to make sure prices grow instead of fall.
Which is why things get worse every year if you're stuck in the fiat system.
Luckily anyone can opt out of the inflationary system right now by adopting finite Bitcoin.
Bitcoiners are already living in a deflationary world.
We're getting the full benefit of humanity's increasing productivity.
Everything around us is getting vastly cheaper every four years.
Anyone can opt into this deflationary system at anytime and get the full benefit of the AI / robotic revolution that is just beginning.
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Re███d Ape ری ٹویٹ کیا

@MarcusWeidenlov @Dennisgooner Efter 15.000 mil med Tesla har jag fått vänta totalt...
**drum roll**
15 min vid Superchargers.
10 min på en av de minsta utanför Cannes, och 5 min i Sverige pga facket.
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@Dennisgooner De som hade mest problem med hur det såg ut i Orsa var de som inte hade elbil. Men absolut laddinfrastrukturen kan alltid bli bättre, något Tesla verkligen jobbar hårt på att verkställa. Men som sagt de som drycker det är värdelöst är oftast de som aldrig testat.
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Jag har aldrig varit så nöjd med en bil som jag är med min Tesla. Det är den i särklass bästa bil jag har haft. Jag har kört flera andra bilar men ingen har kommit upp i den känsla som Tesla förmedlar.
Tråkigt just nu är att vänsterrörelsen ser det som sin mission att skapa ett hat mot bilen och dess förare. I varenda Facebook forum som handlar om elbilar eller laddning kommer det nu hat mot Tesla. En oroande utveckling, där man får med sig stora delar av den lågbegåvade delen av vår befolkning i ett hat som saknar motstycke.
Att Elon Musk gjorde en armrörelse som kan diskuteras i oändlighet har gett dessa avskum till människor vatten på sin kvarn. Problemet är bara att dessa hejas på av politiker och media som ser det som ett kanonbra vapen i sin kamp mot en arbetsgivare.
Hur långt ska egentligen socialismens hat mot Tesla få gå?

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