TESLA SHOULD CANCEL THE CYBERTRUCK

[PointHope]

That doesn't really have anything to do with it being used as an asset bubble that is very pyramidal in function. It takes way too much power to operate as a currency.

-Crissa

Actually energy based currency is the ultimate in efficiency.
Henry Ford was up on the concept back in 1921.



BTW usage of the word 'pyramidal' = 'nonsense' and ignores the fundamental novel precepts of Austrian economics vs Keynesian economics.
A little study of Austrian economics might shine some light on this fundamental error in cognition.

The current un-regulated money printing policies of the Federal Reserve and Eurobank raise many issues, including asset theft, wars, and the extreme government corruption that we are currently witnessing.
If there ever was an asset 'bubble' it would be the current 300+ trillion USD global debt system. A bubble which is about to burst.
Follow the money = Finding the truth.
Bitcoin represents mathematical truth and accountability never seen before in human history.
Plus the power of true individuality where everyone is their own bank.

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[Quicksilver]

Having just purchased a new crew cab chassis Dodge 3500 and having an aftermarket flatbed put on it I wonder if Tesla will ever offer a similar option for tradesmen that need a tool body or flatbed.
If they use the solid casting I'm thinking not because you need frame rails to attach an aftermarket bed on.
A mini single axle crew cab version of the semi with duel rear wheels and frame rails might be the ticket for people that need to pull a gooseneck trailer or heavy bumper pull trailer.
If they could keep it at around 80K it would be an option for light construction trucks, Hotshot rigs and livestock haulers.

 

[Crissa]

Austrian economics doesn't believe in evidence, repeatability, and has been soundly wrong at every turn. But that doesn't matter to motivated (and well-funded by private capital) schools. It is basically always wrong.

A pyramid is where the money made is immediately gotten from new entrants in the scheme and the only source of new money. That describes an asset bubble pretty well, but there are demand fundamentals for assets to appreciate. There is none for bitcoin.

And if you think power/electricity is a form of currency, then bitcoin makes even less sense, as it burns power to exist.

Arguing against the ability of governments to borrow is arguing for feudalism in its most corrupt nature.

-Crissa

 

[PointHope]

Bitcoin is essentially the modern internet of money.

Your argument against is similar to the 2005 Paul Krugman economic analysis of the internet in relation to a fax machine, when the internet was just getting started.

Bitcoin is just getting started. Comparisons of, pyramids, bubbles, and Paul Krugman economics don't apply to this entirely new economic animal for humanity.
Bitcoin represents a mathematical purity never known before.
Is accessible to everyone, very useable, transportable, divisible, unconfiscable and cannot be controlled by greedy government or corporate oligarchs.
When you can understand the global, decentralized computer network you will begin to understand what Bitcoin really is.

 

[Bill906]

I already linked to stats.

No, most trucks on the road are not 4x4.

-Crissa

Not trying to be confrontational, just pointing out something I noticed and wonder if others agree.

I think the link states this is the first year AWD or 4WD surpassed 2WD for ALL VEHICLES. I don’t have any data on this but I believe If you separate “trucks” from that, 4WD and AWD had been the majority for a while.

 

[Bill906]

I’m not sure I follow the “side loading” argument. Are we saying new trucks have such high sidewalls that it‘s not practical for this guy to lift the bucket he’s holding over the side and put it in the bed. (Ignore the toolbax, it was the best pic I could find for a side loading example.)

 

[Ogre]

I’m not sure I follow the “side loading” argument. Are we saying new trucks have such high sidewalls that it‘s not practical for this guy to lift the bucket he’s holding over the side and put it in the bed. (Ignore the toolbax, it was the best pic I could find for a side loading example.)

Yes.

That pretty much sums it up.

Also he apparently can’t pull those shorter 2x4s out of the bed without climbing up into the bed.

I’ve pretty much given up on this whole conversation. Seems like some people have their minds up that a thing doesn’t ever happen and no amount of pictures or examples of it actually happening will change their minds.

 

[SwampNut]

I'm talking about new truck sales, not all trucks on the road.

Me too. Especially if you include the fleet sales, which around here, are nearly all 2wd. My Ram 2500 came from fleet sales and was called a "supervisor special." Common mid-trim configuration and 2wd. About 180 of them on the lot. Pick a color, all the same price.

My best friend runs a work crew, and has a company truck. If he needs 4wd, he exhanges his truck for the day. That's maybe once a year. Nearly every truck in his fleet is 2wd.

 

[Crissa]

Bitcoin represents a mathematical purity never known before.

But it doesn't.

It's a conglomeration of promises to run operations on computer systems that non-enforceable. If they don't want to, they don't, and the value crashes. See also what happened when China pulled the plug on some miners. Literally the coins become more scarce, yet the price toppled.

Yeah, that's cool, but they can and have changed the rules. When miners run out of rubes to sell their coins to, it crashes. That's why there's an artificial limit of how many coins can be minted at any time - and why it's really unlikely for new entrants in the field to mine them anymore.

And the power cost to make a transfer is immense.

That's the opposite of accessibility.

It's a pyramid scheme, just with evangelicals to push it and keep it solvent.

-Crissa

 

[SwampNut]

Bitcoin is an ecological nightmare, and produces zero true value to humanity or the earth. Making a product converts resources from one thing to another, with some resulting value. Though we can argue whether there's value to some consumer garbage, it's a thing. Bitcoin converts energy from electricity to heat...and delivers absolutely nothing at all. It's the ultimate worst case in waste, a pyramid scheme as Crissa says, and sort of a fiat currency. And not just mining it, but just transacting a coin uses a crazy amount of power.

I could be a millionaire. A friend is, from mining in his garage, and I could have followed. It used to be easy to make a ton. I could not see a world where I'm wasting 300 amps of power 24x7 just for financial gain that does absolutely nothing to improve the world or create anything, but makes it worse instead.

 

[Crissa]

Crypot has some great and fascinating uses, but bitcoin specifically lost that chance ages ago. It just uses too much power to transact now and has no real path to changing that.

-Crissa

 

[Ogre]

I heard that if you start at the top of a hill with a full battery, a Tesla will mine bitcoin on the way down the hill using the regenerative braking. By the time you get to the bottom of the hill your battery is half empty and you’ve earned $0.02 worth of bitcoin.

 

[SwampNut]

Something I wrote a while back on another forum when someone asked for advice on whether to invest in and/or mine BTC.


BTC is particularly bad at this, and most others are also shitty. It consumes a LUDICROUS amount of electric power to even transact one, let alone mine them. I find it beyond my ability to justify being part of this problem. Transacting a bitcoin takes more energy than mining an equal amount of gold. It's awful. Fiat currency means we create it by choice; crypto is limited by computing power which is really just electricity. It's energy wasted to create...nothing. No intrinsic value, just like fiat, but much more expensive on an environmental scale. As you said, its only value is by perception. Metals have industrial use; crypto is worthless.

I considered mining back in its heyday, and I had free electricity to do so. But couldn't come to ethical terms on putting my gain before the planet's loss. So...not for me.

 

[CyberGus]

You can't side-load the Tesla Semi, either. What a piece of junk

 

[SwampNut]

How many Bitcoins can it haul?

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