Elon Musk

Cool system that this dude can just tweet and manipulate the market every couple of days.

its pretty incredible

youd think at some point hed wear out his welcome but really who knows

god I wish this was at least a little funnier

one of those things thats very funny but its drowned out by the profound horror of it

jack mad

#bitcoin changes *everything*…for the better.

And we will forever work to make bitcoin better. https://t.co/wssrF2U0P0

— jack (@jack) May 14, 2021

what does it make better??

they always say shit like that then never say why

frees you from big fiat obvs

I've started to incorporate it in my lovemaking

come on, it's simple. bitcoin is good because it makes tech people money. tech people having more money = better world, it's science.

its true it is science

it also provides a convenient method of money laundering for criminal enterprises. the dece money tech people are making from it is something like the big tip left for restaurant staff.

https://decrypt.co/70945/exclusive-dogecoin-developers-say-theyve-been-working-with-elon-musk-since-2019

musk is always up to something

amazing that he managed to become the richest man of all time off the back of some ropey and transparent scams

Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.

— Elon Musk (@elonmusk) May 16, 2021

And a free toaster for first time customers opening an account!

later: dumping doge because of enviromental problems he always cared about

but i would also say that if cadillac speeds up production by 10x, increases sales by 10x, and drops fee 100x, they will also win hands down.

what a visionary

Ideally,

ideally elon would give me one million dollars ten million dollars and a billion dollars, if he did that i would be rich hands down

It is once again hard to argue with the science

ideally,

wait... what if they sped up block time 100X??

that would be a 10X win

what's crazy is, what if they sped up block time 110X? you see where i'm going with this

it's exponential

amazing that he managed to become the richest man of all time

Investopedia (updated May 2021) begs to differ:

1: Jeff Bezos... an estimated net worth of $197 billion, he is the richest man in the world

2: Elon Musk... estimated net worth is $152 billion.

3: Bernard Arnault... estimated net worth is $150 billion.

Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, !!!!
Accum-u-LATE, Accum-u-LATE, Accum-u-LATE, Accum-u-LATE, Accum-u-LATE, Accum-u-LATE, !!!!

i think we can all agree that all these guys should have more money

Bezos sits inside the service yacht, aboard the main yacht, reading the coverage of the yacht on his yacht

the idea that these people have all this money is always so hilarious to me. they kindof dont really. what are they going to do, take 50billion out of the atm? all you can do with it after a certain point really is buy some worthless app company called Ploom or Burdl (expected IPO value 12bn.) so whats the difference between having like 50bn or 100bn or like 200tn? its the same.

https://www.youtube.com/watch?v=ppGd-2nEOVQ

Billionaires shouldn't exist. The rich cause society to be twisted to server their wants rather than the needs of everyone else.

whats the difference between having like 50bn or 100bn or like 200tn? its the same.

it has nothing to do with purchasing anything you want or need for yourself or for any of your 1000 closest family and friends (most of these billionaires barely have family and have no friends). it has everything to do with having enough personal power to shape the present society and its future, through corporations and foundations that will bear your name and vision in perpetuity. basically, it feeds their megalomania.

Kind of hilarious how pissed Bitcoin twitter is with Elon right now.

How confidence looks like ❤️ pic.twitter.com/CbMN5F6Csw

— Alex (@alex_avoigt) May 17, 2021

A Tesla in autopilot mode crashed into a deputy's patrol car in Washington, causing significant damage.https://t.co/3mK37E6j9G

— KATU News (@KATUNews) May 17, 2021

comrade autopilot thank u 4 ur service

tesla is good now

lol

Serious question cos I have no freaking idea how any of this works - is it likely Musk is manipulating the markets on purpose and then buying cheap stock in the dip? Isnt that trackable and illegal?

Bitcoin and Ethereum aren't publicly traded. Maybe some sort of related company though.

Economist Nouriel Roubini is accusing Elon Musk of market manipulation and stating that the SEC (U.S. Securities and Exchange Commission) should investigate.

The basis of Roubini's accusations stems from Elon Musk's tweets. Roubini accuses Elon of using his Twitter platform to pump up the price.

"For somebody like Elon Musk, who knows he has the market impact to manipulate, first take an individual position in Bitcoin, pump the price up, and then say that Tesla has invested."

"And Tesla doesn't make any money yet, it's also irresponsible, and it's market manipulation. The SEC should be looking into people that have a market impact, and that manipulate the price of assets. That's also criminal behavior"

Commenting on @Tesla's $1.5 billion bitcoin buy on #CDTV First Mover this morning, @Nouriel said it's "criminal behavior" for Elon Musk to take an individual stance on bitcoin to pump up the price before announcing Tesla's investment.

"Talk about a criminal enterprise." pic.twitter.com/aSHPX5ayHM

— CoinDesk (@CoinDesk) February 10, 2021

unlikely hes manipulating tesla stock but hes very obviously manipulating crypto

xps buying cheap stock in the dip?

here's what I understand about it. first, cryptocurrency markets are not regulated afaik and there are no cryptocurrency stocks to directly speculate in, just the currency itself. however, i've seen that tesla's reported profits have been strongly tied to their acceptance of cryptocurrency in sales transactions. tesla can then choose when and how they liquidate their crypto holdings into dollars in those unregulated markets, so if they (through musk) are manipulating those markets, they could easily maximize their resulting profits. seems like speculators could also be using tesla stock as a proxy to speculate in what amounts to a rigged cryptocurrency market.

I think the SEC can't do a thing about it, as long as tesla accurately discloses its reliance on cryptocurrency as part of their source of profits.

tesla bought a bunch of bitcoin, and musk has been personally messing with doge, kinda doubt too much of their sales are in bitcoin

so tesla's directly speculating in an unregulated market. cool.

im no big city lawyer, i dont really know what meets the criteria of market manipulation, but def seems like theres some fishy stuff going on