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by rpiguyshy 1950 days ago
"you could buy electricity for around 2.5 cents per kilowatt." this is a typo. they meant 2.5 cents per kilowatt hour.

i think its really interesting that elon musk has changed his public stance on bitcoin. originally, and for a long time, he described bitcoin as an alternative to cash but not an alternative to centralized banking because the primary purpose of money is to act as a database or tool for resource allocation. i had never thought of it that way and it intrigued me. overall he was basically dismissive of crypto. but then recently he has endorsed bitcoin, offered to buy out dogecoin investors and other things. and he hasnt elaborated on why he turned around, and joe rogan was too stupid to ask him when he came on the podcast recently.

2 comments

wow thank you.
i think tesla stock is essentially a meme and lost it’s luster so he had to do something to get the sheen back. especially to distract from news that chinese regulators were clamping down