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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (171584)5/12/2021 4:49:59 PM
From: TobagoJack  Read Replies (1) | Respond to of 217573
 
Re <<I am looking forward to all the good news out of Casper, and the bad news too of course. if there is any -g->>

Seems to me the only ‘bad news’ would be anything from any regulatory front, which seems unlikely as Casper is Layer #1 and certainly nowhere near monopoly-state. Should any crypto reach monopoly state, the development team long gone and the crypto long autonomous, freely roaming the net looking for kills, and unstoppable. We should like that.

Too early for competitive bad news for Casper, am wagering, unless one is in any of the other could-be Ethereum-killers. Ethereum itself do not really have anything to worry about, yet, as the market arena is way too big, and the time extremely early-dayz.

As to good news, am guessing the Casper community must have lined up the good news like machine canon munition, and in the tat tat tat mode until whenever, into the next coin lockup-release date in Sept 2021, and in March 2022. I hope the news involve big names like IBM and such, as opposed to obscure crypto ventures and niche players, and channels engaged be the likes of WSJ and such, as opposed to fringe crypto press. Let’s see.

The CasperSign is good, because it is branded, but a part of DropBox. Very nicely done.

Perhaps ‘Casper’ has a shot at becoming an adjective, and a verb in good positive and meaningful ways of usage. The Casper-esque protocol that Casper-ed Ethereum, meaning the crippling of Ethereum by challenging and overwhelming with a scalable, secure, decentralized, and open-source protocol during a time of great confusion, involving many layer #1s trying to gain traction against the dominant player even as the dominant player is force-migrating from PoW to PoS.

Another feature of crypto-ing is that big players have no effective chance at buying the startups because metaverse does not allow for buyouts and taking of prisoners. Only competition and slaughtering. No M&A, unless complementary project development teams somehow cooperate for no particularly good reason as they would surely instead aim for the slaughtering route.

There is no particular key-person risk as far as I know, except for the mathematician wizard. Even so, whilst math wizards do not grow on trees, they do grow, and do not need to be customer / investor / regulator presentable because they likely prefer staying in the backroom to do their wizardry on own, to be fed and watered occasionally.

Team is relatively small for very large effort, and easy enough to feed and water, in the meantime.

I tried for Mina. No luck on the ICO round and no edge in early private round. Thanks for reminding me. Might get some, because who can possibly know. When would it be released for open trading?



To: maceng2 who wrote (171584)5/13/2021 4:28:14 AM
From: TobagoJack1 Recommendation

Recommended By
maceng2

  Read Replies (2) | Respond to of 217573
 
Re <<there>> and here ...

... ibm, toshiba, uae ... all have ways to compete, as companies, nation and entities in general, in the meantime Elon the person may have figured out a new profit model for Tesla, playing MSM like a violin, when the GM, Ford, Toyota, VW, BMW, ... all in the audience hopping MAD and just taking it all in somewhere somehow and not liking it

pretty funny

bloomberg.com

Musk Sends Bitcoin Tumbling With Shock U-Turn on Payments
Dana Hull
13 May 2021, 14:24 GMT+8
Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency.

In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won’t be selling any of the Bitcoin it holds.

Musk Sends Bitcoin Tumbling After U-Turn

WATCH: Elon Musk says Tesla will no longer accept Bitcoin.

The largest cryptocurrency dropped as much as 15% to just above $46,000, before paring some of the retreat. It was down about 6% to $51,210 as of 7:03 a.m. in London on Thursday. Other tokens such Ether and Dogecoin also slid. The rush to sell briefly caused outages at some cryptocurrency exchanges. Bitcoin is still up more than fivefold in the past year.

Musk’s move comes after Tesla disclosed in February that it had purchased $1.5 billion in Bitcoin and planned to accept it as a payment. That announcement added legitimacy to the cryptocurrency as an increasingly acceptable form of payment and an investment, especially coming from a large member of the S&P 500 with a high-profile CEO who commands a big following among retail investors and the general public.

What to know in techGet insights from reporters around the world in the Fully Charged newsletter.

Tesla’s website, which had a support page dedicated to Bitcoin, noted that the token was the only cryptocurrency that Tesla accepts in the continental U.S. Musk has also tweeted frequently about Dogecoin, a cryptocurrency started as a joke in 2013 -- and he quipped about being the “Dogefather” before and during his stint hosting the “Saturday Night Live” show on May 8. He tweeted on Tuesday, “Do you want Tesla to accept Doge?”

Tesla’s addition of Bitcoin to its balance sheet was the most visible catalyst during this year’s rally in the digital currency. Bitcoin jumped 16% that day, the biggest one-day gain since the Covid-19 induced financial markets volatility in March 2020.

Optimism grew after Mastercard Inc., Bank of New York Mellon Corp. and other firms moved to make it easier for customers to use or invest in cryptocurrencies, fueling the mainstream resurgence that took Bitcoin from about $29,000 at the end of last year to as high as almost $65,000 in April.



Bitcoin mining is consuming 66 times more electricity than it did back in late 2015, and the carbon emissions associated with it will likely face increasing scrutiny, according to a recent Citigroup Inc. report.

Musk is no stranger to considering the issue of crypto’s environmental impact.

Musk Splits From Cathie Wood’s Ark on Bitcoin Environmental Cost

Cathie Wood’s Ark Investment Management LLC published a report last month saying cryptocurrency mining can drive investment in solar power and make more renewable energy available to the grid. Twitter Inc.’s Jack Dorsey retweeted a post on the white paper with the comment that Bitcoin “incentivizes renewable energy.” Musk replied to Dorsey’s tweet, saying simply, “True.”

‘Confusing’Musk’s tweet on Wednesday took many in the cryptocurrency community by surprise, including Nic Carter, founding partner at Castle Island Ventures, and a leading voice among defenders of Bitcoin’s energy use.

“Surely he would have done his diligence prior to accepting Bitcoin?” Carter said. “Very odd and confusing to see this quick reversal.”

It’s unclear what prompted the decision and Musk and Zachary Kirkhorn, Tesla’s chief financial officer, didn’t immediately respond to an email inquiry for comment. Kirkhorn in March added the tongue-in-cheek title “Master of Coin,” according to a regulatory filing.

Tesla’s first-quarter earnings were bolstered by the sale of 10% of its Bitcoin holdings. Musk said last month the disposal was intended to demonstrate the token’s liquidity, and added that he’s retained his personal investment in the cryptocurrency.

Kirkhorn said on the firm’s earnings call in late April that Tesla believed in Bitcoin’s long-term value and planned to accumulate the tokens from transactions with customers.

— With assistance by Olga Kharif, and Eric Lam

(Updates markets in the third paragraph. An earlier version of this story corrected the company name in the 11th paragraph.)

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