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RE: Bitcoin's Rally above $5000 isn't the Real Story, Ethereum is

in #ethereum7 years ago

@goldgoatsnguns you raise some interesting points. I agree with you that the short-term effect is bubble-like due to the high levels of volatility, but it's only a matter of time until the dust settles and it Cryptocurrencies become the norm. As you rightly said there is a desire in the way we hand money and investment.

Byzantium is a new one to me. I hadn't heard of it until reading this post, so I'm definitely going to check it out, so thanks for sharing it with us.

However, what I do have to challenge you on is your perspective on Tesla. I think there is much more to it than is let on. Do you honestly not believe they have a functioning production line. Elon Musk is one of a handful of individuals of our time who is trying to push for a positive impact on this earth. He's a man that works in ways we can't initially understand, but time and time again he seems to prove his critics wrong.

Once again, a great post.

Up-voted and followed.

Anton

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Anton,

the early model 3's have parts that reportedly been banged out by hand. Check the latest news on this:

http://www.zerohedge.com/news/2017-10-14/there-are-27-trillion-reasons-why-tesla-wont-rule-world

http://www.zerohedge.com/news/2017-10-14/amid-management-exodus-tesla-fires-hundreds-workers

I think there's a company there... I don't think there's a company with a bigger market cap than Ford, however. It's ludicrous.

And, I don't buy the Elon Musk bullshit being blown around. Let's see his cars compete on a non-subsidized market and then I'll buy it... and be happy to be wrong...

Electric car sales are near zero without subsidies. Real products do not have to be coerced into being.

I think you are wrong. Electric cars are gaining huge popularity. Plenty car manufacturers have agreed to manufacture only electric by 2020:

https://www.theguardian.com/business/2017/jul/05/volvo-cars-electric-hybrid-2019

https://www.theguardian.com/business/2017/sep/07/jaguar-land-rover-electric-hybrid-cars-2020

And in the UK, there will be a ban on Petrol and Diesel cars in 2040:

http://www.telegraph.co.uk/news/2017/07/25/new-diesel-petrol-cars-banned-uk-roads-2040-government-unveils/

Tesla are offering fantastic benefits to attract new customers as Elon understands that many people are late adopters.

and where government subsidies are removed sales drop to zero.

I do like BMW's electric car lineup and technology. Tesla is close to a ponzi scheme at this point. Volvo is a dying brand. The EU will likely not exist by 2040. I do think there's a future in electric cars, but, I don't think Tesla is the future.

In fact, I'll bet on Ford, Toyota and BMW first over Tesla. Tesla is literally a scam. They've taken 450,000 pre-orders for the Model 3, are burning cash and people and still can't even come close to hitting their production or cost targets.

As a lifestyle vehicle, it's interesting. As a consumer product, leave that to the guys who know how to actually build cars.

We'll see who's right.

and the next level of Tesla's production woes.
http://www.zerohedge.com/news/2017-10-16/bizarre-reason-why-tesla-struggling-ramp-model-3-production

A company is only as good as its management. And if management can't hire people who know how to weld steel, it is a real problem.

Leadership matters.