The problem with Tesla is that the opportunity for FSD is insane. Either the market is mispricing the risk or the shorts are, but the asymmetric upside if Tesla succeeds makes it a risky short. Asymmetric downside.
"Why would one person want to reduce the ability to apply economic policy in their country?"
What do you think happens to your currency when they print more of it?
One problem with gold though is that we know where plenty of gold is, its just too expensive to mine. Once the price of gold rises, more gold becomes profitable to mine, supply increases, and the price goes back down.
I think the difference is that currencies fluctuate against each other, whereas if everything is priced in Bitcoin, its whatever you're pairing it against that's fluctuating. Goods (ex: loaf of bread for 200 satoshis for example) would stay stable
Most of the criticisms in this thread seem to be missing that Bitcoin is only layer 1. Bitcoin isn't Visa or cash - its gold. Rather than shipping gold across the Atlantic, large institutions will settle in a few minutes in Bitcoin. L2/L3/L4 solutions (built into Apple Pay, etc.) will allow for instant payments for coffee, allow for privacy similar to physical cash, etc.
Before this is possible, the price has to stabilize. Just takes time to go from $0.1 to $10M per coin. Once Bitcoin has eaten all the "store of value" value & only appreciates at the rate new wealth is created, L2/L3/L4 solutions will go mainstream.
This is super common on HN. Just look at threads on Tesla. Fortunately betting against someone with a closed mind is super profitable, because they'll always mis-price the risk/reward.
Would be surprised if autopilot isn't already superior to humans at avoiding cyclists. This seems like mostly an attention problem, and humans are more susceptible to not noticing the cyclist in their blind spot going into a right turn.
We are far too stupid to not fall for scams. It's better that the government "protects" us. /s
Seriously though, this is messed up. Crypto is similar - CoinMarketCap has a program where you can earn tokens by watching a few videos, but look at the list of restricted countries: "Belarus, Democratic Republic of Congo, Cuba, Iraq, Iran, Mainland China, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe."
Why the f are we on a list with Cuba, Iraq, Iran, China, North Korea, and Syria??? America is not free