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by loceng 1861 days ago
I mean, shouldn't it be taken as a lesson that if the kids want to play with fire, an unregulated market (include MLM-Ponzi scheme structure by all accounts), then that's one type of pitfall that exists?

Elon's also publicly said, tweeted not too long ago: "Bitcoin is almost as much bs as fiat money" - so just because the markets didn't know or report on that to help provide a balanced, critical breakdown to promote balanced news - that's all Elon's fault? The mob of irrational buyers have no responsibility to know what they're "investing" in or to research and understand statements or behaviours about what they're "investing" in?

1 comments

Did Elon issue a warning to the public? Did he tell them not to buy? Did he post a tweet agreeing with Munger and telling people to stay away?

He fed the fire because it helped raise his public persona. I think he does have responsibility.

Sure if you want to play that game - it was great of him to make it news to highlight how bad/energy intensive (for what end?) Bitcoin is. So thanks Elon.