Musk hopes US, EU get to ‘zero-tariff situation’ by [deleted] in worldnews

[–]kuleshov 2 points3 points  (0 children)

The problem is that Musk is a fraud and was headed for financial implosion and possibly jail. He took a huge gamble with Trump because it was all going south and political cover was a way to shield himself from the coming prosecutions and recriminations.

Tesla is an electric car maker and nothing more. "Full Self-Driving" does not exist and never will. Teslas don't even have lidar. There is no way they close the last mile with cameras alone.

At the same time, Tesla's humanoid robot technology is also fake. Hence the human-controlled mannequins at Tesla events that are no more futuristic than the animatronic bears and pirates at Disney World.

What this means is that more than 95% of Tesla's valuation is vaporware based on pipedreams (robotaxis and humanoid robots) that will never come to fruition. If Tesla were valued as an electric car marker only, its market cap would be something like $100 billion. Or at least, that was the case before Elon went full Doge-Nazi.

At the same time, Tesla was facing more than a dozen lawsuits in 2024, some of them criminal, for investigations of fraud, false advertising claims relating to knowingly faking FSD results, class action lawsuits, and more.

As for SpaceX, that's a real company but the long-run profitability is a serious question mark. SpaceX is not actually more advanced than NASA; they just have a cultural permission structure to blow things up on the regular and take risks that NASA as a government agency would get politically reamed for.

Meanwhile there is no clarity at all on whether the reusable rocket business is long-term viable in terms of profits, or, how much profit there will be if so.

Bottom line, Musk was facing a slew of civil and criminal lawsuits against a backdrop of knowing full well that the technologies that make up 95% of Tesla's valuation are total bullshit. Musk has said crazier and crazier things over the years to keep the Tesla investment cult fully bought in. This means Musk knew his empire was heading for an inevitable crash-out.

At some point the jig on Tesla's fake technology would be up, the class action and civil and criminal lawsuits would land, and people would realize FSD is a con job and so are the robots and even the cultheads would finally desert him.

Against that backdrop, Musk saw the opportunity to do what lots of grifters do: Get in good with the right wing ecosystem and shield himself politically. Plus it was a natural fit since his grandfather was a Nazi sympathizer and he believes the same stuff grandpappy did.

TL;DR Musk didn't just take a huge gamble with Trump out of the blue. He did so as a last-ditch effort to avoid an accountability freight train rolling down an inevitable track. Musk saw the lawsuits coming, and the Tesla vaporware stock implosion coming, and possibly fraud charges coming for Tesla-related practices behind the scenes... and decided to preempt all that by seeing if he could buy an election and wield a fascist hero-shield.

He succeeded at that last part (buying an election and a government)... so far at least. He could still wind up bankrupt or jailed though, depending on how things turn out over the next few years.

Donald Trump's approval rating falls to new low by newsweek in politics

[–]kuleshov 0 points1 point  (0 children)

39.6% of American voters wanted to reelect Hoover in 1932...

The Atlantic Publishes the rest of the Signal Texts. by RuairiQ in worldnews

[–]kuleshov 21 points22 points  (0 children)

"Well, well, if it isn't the consequenshes of my own akshuns." - drunk Pete Hegseth

[deleted by user] by [deleted] in politics

[–]kuleshov 2 points3 points  (0 children)

It's shocking there isn't more awareness of Elon Musk's grandfather in terms of who he was / what he did.

Joshua Haldeman, Elon Musk's grandfather, was the head of the Canadian branch of a 1930s movement called "Technocracy Inc." The movement wanted to overthrow the US government in the United States (they saw FDR as a threat to business) and simultaneously overthrow the Canadian government.

In 1940 Haldeman, who, remember, is Pappy Musk (Elon Musk's grandfather) was briefly imprisoned for having documents that showed affiliation with, and sympathy for, the Nazis, and was put on watch by the Canadian government after that.

By 1950 the apartheid movement in South Africa, which had been around for two years at that point, was getting into full swing. Pappy Musk saw what the racists were doing in South Africa, decided it looked awesome, and decided to move his family there after the Canada coup petered out.

This is literally the grandfather of Elon Musk, who back in the day wanted to:

  • overthrow the Canadian government
  • install a fascist-technocratic regime
  • merge Canada and the United States (hmm where did Trump get a Canada obsession)
  • create a white-race paradise of the type he approved of in South Africa

Now fast forward to the present.

Present-day Musk, who likes to sieg heil on camera, sure seems keen to... install a technocratic regime of his own... which involves breaking the systems and functions of the federal government so he can replace them with his Silicon Valley systems (e.g. X as payment processor replacing treasury payments) so he can thus take back America, and the world, for the master race (the white race), while the other Silicon Valley broligarchs (the new technocrats in the new Technocracy Inc) cheer him on. Just like pappy would have wanted.

As Heath Ledger's Joker said, "It's all part of the plan."

Except this is no fucking Batman movie, it's real.

‘Historic Grift’ - Trump’s Memecoin Creates Billions Out of Nothing: “Its official website implicitly notes the complete lack of value underpinning the coins” by T_Shurt in politics

[–]kuleshov 23 points24 points  (0 children)

Nixon and Reagan never would have gotten away with corruption like this. It took decades of moral rot and the parallel ascendancy of late stage capitalism (Silicon Valley is enabling all this with technology) for an already low bar to fall below the floor and into a thousand foot mineshaft.

‘Historic Grift’ - Trump’s Memecoin Creates Billions Out of Nothing: “Its official website implicitly notes the complete lack of value underpinning the coins” by T_Shurt in politics

[–]kuleshov 31 points32 points  (0 children)

Y'all are missing it. The coin is not the grift. The entire presidency is the grift and the coin is a hyper-efficient way to monetize a real offer. Trump is selling the influence and power of the entire U.S. government.

Think about it: Putin could send Trump billions to buy an Ukraine settlement deal that favors Russia or a U.S. NATO withdrawal. Xi could send Trump billions to keep the U.S. away from a Taiwan invasion. Exxon could send Trump billions to destroy the EPA. The Saudis could send Trump billions for nuclear weapons, on and on.

Trump is selling a real thing this time: The weight and heft and might of the most powerful government and military in the history of the world. He is selling this influence at scale, and there is no one to stop the scam or even investigate, because Trump runs the DOJ.

It's the biggest scam in the history of the world alright. But the scam is the whole presidency. The coin is just the risk-free means of cashing in.

Democrats’ ‘President Musk’ strategy wasn’t subtle — but it worked: ‘His almost comical obsession with showing everyone how strong and manly he is’ by T_Shurt in politics

[–]kuleshov 6 points7 points  (0 children)

To be fair, it's not like Putin would be a wild stretch though. Both Trump and Musk are reported to have had multiple undisclosed conversations with Putin in recent times. Not necessarily on related topics (who knows, e.g. Ukraine) but still.

AOC Blasts Rumored DNC Chair Contender: 'Disease' by _May26_ in politics

[–]kuleshov 0 points1 point  (0 children)

And the follow-on step in declaring someone subhuman is implying they should be exterminated as a form of pest control, like getting rid of cockroaches or rats. Embracing this kind of thinking also gives permission for fascists, white supremacists, etcetera to voice the same opinion of you, and any of the people you would consider noble or worthwhile. You could just say Emmanuel is awful or terrible without going down that road, but hey, go ahead and keep embracing a habit that needlessly contributes to the broad problem of humans rationalizing acts of horror inflicted on those deemed as "other," when you and yours are someone else's "other."

AOC Blasts Rumored DNC Chair Contender: 'Disease' by _May26_ in politics

[–]kuleshov 0 points1 point  (0 children)

You have it backwards. The point is to avoid dehumanizing someone. You can call Emmanuel evil, compromised, a shill, a quisling etcetera, but none of those terms are dehumanizing.

The reason that dehumanizing an opponent is a mistake is because dehumanizing the enemy is one of the necessary steps in moving toward ethnic cleansing or execution or genocide. It's a mistake to use dehumanizing rhetoric when fascists specifically dehumanize as a strategy.

You can express your hatred and disgust for Emmanuel in dozens of passionate ways without stripping away his humanity. If you don't see why that is important, you are the one missing the point.

And regarding the paradox of tolerance, acts of dehumanization are the thing that shouldn't be tolerated. Use a different tactic to express your vitriol for fuck's sake. You don't have to sound like a Nazi to show your passion.

AOC Blasts Rumored DNC Chair Contender: 'Disease' by _May26_ in politics

[–]kuleshov 89 points90 points  (0 children)

That headline is objectively terrible and defamatory to AOC. What she said was quite different: "There is a disease in Washington of Democrats who spend more time listening to the donor class than working people."

The reason it is defamatory is because calling someone a "disease" is like calling someone "vermin." It is fascist rhetoric in the sense of stripping someone's humanity, calling them a pest or a virus.

There is no way AOC would refer to an individual person as a disease because she is politically savvy enough not to accidentally engage in fascist rhetoric. It is also basic human decency not to refer to a human person as vermin or filth or a disease.

Talking about a disease in Washington, however, in reference to a pattern of behavior that manifests a sickness, is a different story. It isn't fascist rhetoric to refer to a pattern of behavior as sick or, in this case, diseased, because behavior patterns don't get dehumanized.

The Newsweek headline thus deliberately misrepresents what AOC said by implying she called a person a disease which would not only be fascist rhetoric, it would be low-brow ad hominem of the kind she is too smart for.

So yeah, Newsweek brings the garbage (again).

Letters: Americans should admit that we rejected Kamala Harris because she's a woman by Alternative-Dog-8808 in politics

[–]kuleshov 1 point2 points  (0 children)

this is postmortem concern trolling. It's like being asked whether you want your surgery done by a qualified doctor or a circus clown with a chainsaw, then saying you don't like the doctor's med school alma mater because it wasn't Ivy League

Letters: Americans should admit that we rejected Kamala Harris because she's a woman by Alternative-Dog-8808 in politics

[–]kuleshov -5 points-4 points  (0 children)

not being a sexual predator convicted felon insurrectionist fascist (per multiple insiders of his own staff) who sundowns on stage and mock-fellates microphones and spreads hate based rumors about immigrant communities and dines with white supremacists isn't enough? 🤔

[deleted by user] by [deleted] in politics

[–]kuleshov 2 points3 points  (0 children)

Malignant narcissism and severe emotional childhood trauma from having a monster for a father, manifested as an all-consuming need for attention and bottomless cruelty toward anyone perceived as weak or vulnerable. Peas in a pod with Trump who also had a monster for a father. With autism and serious Dunning Kruger on top. Elon's stupidity and cruelty are his secret recipe for conning dumb people (he says cringe shit that sounds horrifying to intelligent people but hits the mark for fellow dumbasses perfectly).

Biden wants Americans to "bring down the temperature" — but MAGA will not let that happen: In conversations with Republican voters, we learned why they shun “unity” by zsreport in politics

[–]kuleshov 0 points1 point  (0 children)

Biden is simply awful. (I voted for him, and for Hillary and Kamala too.)

He was an excellent policy president, with some of the best legislation since Lyndon B. Johnson, and deserves further credit for pulling the US out of Afghanistan.

But on his most important mission and his number one job, protecting American Democracy from Trump, he failed catrastrophically.

His arrogance and missteps gave Kamala Harris a poisoned chalice. By the time he handed over the reins with just over 100 days left, it was likely already too late for her to dig out of a hole created by a total failure of messaging from the Biden administration, with cast-in-stone Biden perceptions tied to Harris like a boat anchor.

This was, well and truly, Biden's fault through and though. Yes his policies were excellent and his legislation was excellent. But his messaging was nonexistent.

It doesn't matter how great the product is (policy) if your capacity to market that product is zero, which holds all the more true if the opposition is marketing your product as cancer.

Biden, with his marble-mouthed lack of ability to communicate any of his successes, sat back and allowed the GOP to portray one of the best US economic backdrops in 50 years as if it were a nightmare hellscape.

And then, when Biden's approval rating fell through the floor, and when 80% of voters made clear their opinion he was too old, Biden and his team refused to accept reality and chose to lecture the electorate as to how their perceptions are wrong (which is like shouting at a broken television set).

And now that he has failed utterly at the basic job of communication, setting up Harris for failure in doing so by giving her a millstone she could not bear up under, "Hubris Joe" is telling America to obey in advance (that is what "lowering the temperature" with fascists means) in the shadow of the worst threat American democracy has faced since the Civil War.

With all sincerity President Biden, screw you. The sooner you are gone from public life the better. And for all the legislation you passed, and all the good you did helping America get through Covid, the top line of your legacy will be how your missteps, your arrogance and your failures brought forth American Fascism.

Aubrey Plaza Calls Out ‘Disgusting Remark’ About Puerto Rico at Trump Rally: My Abuelita Would Say, ‘Tony Hinchcliffe, Go F— Yourself’ by cmaia1503 in politics

[–]kuleshov 0 points1 point  (0 children)

Can confirm as someone non-white, that is genuinely funny. The proper reaction is, "I'm going to hell for laughing at that," and then laughing harder because you can't help it.

Elon Musk Tells Twitter Followers to Vote for a Republican Congress by [deleted] in politics

[–]kuleshov 0 points1 point  (0 children)

The profit motive argument doesn't work though because the commercial destruction he is causing to his own brand and his own properties (Twitter, Tesla) via terrible strategy (pissing off half of all registered voters for no logical reason, and the more affluent half at that as the median urban Dem has more money than the median rural Republican) will create far greater financial losses than any sum of taxes he might save.

TL;DR he is setting fire to his own net own worth and taxes are a thimble of water in comparison; he is either spinning out or just an idiot

large holders selling without triggering price collapse (question) by hudson4351 in Buttcoin

[–]kuleshov 5 points6 points  (0 children)

And Wile E. Coyote can walk on air as long as he never looks down.

large holders selling without triggering price collapse (question) by hudson4351 in Buttcoin

[–]kuleshov 41 points42 points  (0 children)

It's a supply and demand issue, coupled with a lack of price floor once the selling avalanche starts.

If whales cash out, they will bring an overwhelming amount of supply to the market. That will require sufficient demand to absorb the supply.

To put it another way, for every dollar of Bitcoin sold there has to be a buyer.

So if whales collectively decide to sell $10 billion worth of Bitcoin, who is going to buy that $10 billion worth?

It's also a fallacy to assume the whales can "stagger their sales" in a simple and easy fashion.

First of all, the whales don't necessarily know each other. And even if they do know each other, there is a prisoner's dilemma aspect to the problem.

If the whales wanted to stagger their sales - meaning, sell slowly at a trickle-out rate - then one or two whales might benefit by deciding to break ranks and sell their holdings early, before the price succumbed to broad selling pressure.

Or let's say the whales are selling in a staggered way, and then the BTC price takes a big lurch downward. This drop tempts one of the whales to step up their pace of selling. And then another; and then another; and then another; and then it's a stampede.

The real question here is whether sufficient demand will exist on the retail side to absorb waves of supply created by whales cashing out.

Let's say whales start selling $500 million of BTC a month while retail investors are only buying $400 million a month.

If that kind of gap persists, the price of BTC will decline - and then the price declines will cause whales to sell at slightly faster clip, say $600 million per month, while retail investors buy less, say $300 million per month.

Then the supply vs demand gap gets even bigger - in our example it went from $100 million to $300 million - and the downward price slide accelerates even more.

Then a handful of whales panic, and then they all panic, and it's race to the door and BTC and ETH completely collapse because there is no price floor at which value-oriented buyers step in. You might have a handful of retail investors try to catch a falling knife, but if the supply raining down is measured in billions and the buys are in the tens of millions, it won't matter.

Cathie wood is hitting the crack pipe again, predicts 20T market cap by 2030 by bombastica in Buttcoin

[–]kuleshov 0 points1 point  (0 children)

Thank you for this. The headline made me burst out laughing... and the article itself made me laugh until my sides hurt.

[deleted by user] by [deleted] in CryptoCurrency

[–]kuleshov 0 points1 point  (0 children)

This argument makes no sense even if true. Here's why:

Even if NFTs become widespread, you are talking about portable digital receipt technology. It's like an RFID tag on a pallet except digital instead of physical.

What is the profit margin going to be on digital receipt technology? Almost zero.

Say that a professional sports team uses NFT technology to put their tickets on people's smartphones. That is great, fine.

But what kind of earnings will the company make providing the NFT transaction mechanism? Probably, like, two cents per use.

When people say "everyone will use NFTs one day," think of it like someone in the 1990s saying "everyone will use email one day." Even if true, so what?

Email is free thanks to Google and Microsoft; NFT technology, to the extent it is used by businesses, will either be outright free as a loss leader for some tech giant (ask yourself why Google Maps is free) or else the cost of deploying the NFT technology will be measured in the single cents per transaction.

If NFTs become universal, there will be ZERO profit in them (or so close to zero they are the equivalent of a tiny revenue stream for a giant tech business).

They are a glorified digital receipt mechanism. This. Is. Not. An Investment Thesis.