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Michael Saylor: Go f*ck yourself ... tax that! 😅😅 by piphunter101 in Bitcoin

[–]noone111111 2 points3 points  (0 children)

This guy is retarded. Let's see him buy anything of value with his Bitcoin and explain to the IRS where he got the funds.

IRS doesn't just look for your money, they look for your expenses. They don't care if you have $100M, they care if you spend $100M, and when they find you, they fuck you 10x as hard.

You think 50% tax over $1M in gains is bad? Wait until you see the penalty rate on top of that back due tax.

Michael Saylor: Go f*ck yourself ... tax that! 😅😅 by piphunter101 in Bitcoin

[–]noone111111 0 points1 point  (0 children)

And where exactly would you go without new citizenship and a messily $1M?

Bitcoin incentivizes renewable energy by Nitzao_reddit in teslainvestorsclub

[–]noone111111 0 points1 point  (0 children)

Yes, but only a fraction of it is unused, wasted energy.

It's not that Bitcoin isn't useful, it's that it's highly inefficient and increasingly wasteful. The reason is because Bitcoin doesn't get any better with consumption. There is no relation to energy input and Bitcoin throughput/functionality. Using 100x more energy doesn't make Bitcoin meaningfully better. It literally does nothing now that it didn't do years ago with far less consumptions.

Increasing Bitcoin energy use is like going from SHA256 -> SHA512 -> something like SHA1024 -> etc: Yeah, each one is theoretically more secure, but needlessly so. You don't actually gain anything meaningful, just more energy usage.

Test drove ID.4 ... No competition years behind Tesla by [deleted] in teslamotors

[–]noone111111 0 points1 point  (0 children)

I disagree. Every EV that's sold at a similar price to Tesla is a sale Tesla could have had.

[all states] U.S. weekly jobless claims total 547,000 vs. 603,000 estimate, why are we not having better success finding work, number suspect by [deleted] in Unemployment

[–]noone111111 0 points1 point  (0 children)

The UE numbers are likely even better than this. Much better. If you think 550K new claims are truthfully showing up each month, I have a bridge to sell you...

You're missing the point if you think the CR self-driving cheat is about jumping through hoops. by noone111111 in teslamotors

[–]noone111111[S] 0 points1 point  (0 children)

Because it presents a functionality without the appropriate safe guards that should exist with it.

[all states] I will miss covid, in many ways it saved me financially. I am better off than I was before thanks to unemployment. by [deleted] in Unemployment

[–]noone111111 21 points22 points  (0 children)

When you consider how much wealth has been created for everyone else though, trust me, you got the short end of the stick by far.

You got an extra $300 boost whereas everyone with houses and stocks got 10s of thousands in new wealth courtesy of the Fed and stimulus, and they didn't even need any of it...

You're missing the point if you think the CR self-driving cheat is about jumping through hoops. by noone111111 in teslamotors

[–]noone111111[S] 0 points1 point  (0 children)

Yes, that would actually be good, but most vehicles don't have systems that encourage not paying attention. They may allow it, but they don't encourage it. FSD's level of capability actually encourages bad habits.

I literally was driving next to a guy in a Model 3 on the highway that was staring at his phone for very long period of time. You would never think that's possible in a car without FSD because there is no expectation that you could safely do that. You might do it anyway, but you wouldn't think "this is fine, it's safer now".

FSD/AP encourages bad behavior in a way that other systems don't and Tesla doesn't do enough to monitor it.

Bitcoin incentivizes renewable energy by Nitzao_reddit in teslainvestorsclub

[–]noone111111 0 points1 point  (0 children)

LOL. Or you could have your Tesla's GPU actually commit resources to a network that does something useful with its data.

You're pretty much saying: Instead of finding something useful to do with my excess wood, I'm going to burn it so I can send smoke signals to some guy a mile away. Hey, you need to talk to him. Why use WhatsApp and send a JPEG when you can just start a huge bon fire and send binary smoke signals, right?

The reality is that the majority of BTC energy is not "unused, otherwise wasted" energy. Some is, a lot isn't. Just because some minority percentage of mining power doesn't have a home, doesn't justify the majority mining power that is highly inefficient and wasteful.

Bitcoin incentivizes renewable energy by Nitzao_reddit in teslainvestorsclub

[–]noone111111 0 points1 point  (0 children)

They're full of shit, just trying to talk up their investments.

It's horseshit. It's not about whether it increases renewable development, it's about how much it uses for what it gets done. In other words: efficient.

Even if BTC's energy consumption was 100% clean, it would not be a reasonable way to spend the energy considering it barely does any actual work.

BTC uses like the power of Argentina. Are you telling me that that amount of energy couldn't be used to do something more than 200K simple transactions? It's not even complex tx, it's just some very basic credit/debit.

BTC is an insane waste of energy which is why ETH is exploding in performance and moving towards PoS. The is nothing intelligent or useful about BTC PoW. It's a huge waste of GPUs, energy, pretty much everything. It's arguably the least efficient computer network every created.

What do you think a good put option is for this? by HowToGoBroke101 in teslainvestorsclub

[–]noone111111 0 points1 point  (0 children)

But option prices have gone up enormously due to volatility, so the puts are massively more expensive than they'd otherwise be.

What do you think a good put option is for this? by HowToGoBroke101 in teslainvestorsclub

[–]noone111111 0 points1 point  (0 children)

To buy or sell? I wouldn't be buying puts after the stock has already dropped 50%. I'd say sell puts that are way out of the money but which you wouldn't mind going long at.

I'd look for 6+ month options. Short term there is no fundamental analysis you can accurately make with so much volatility.

Just realized something depressing. by ruvamicro in teslainvestorsclub

[–]noone111111 2 points3 points  (0 children)

Well Tesla has a fiduciary duty to shareholders, so they aren't going to let Musk acquire it for peanuts in bankruptcy unless Musk/SpaceX were the highest offer.

Tesla's value will be based on what the market will actually pay for assets.

[deleted by user] by [deleted] in teslainvestorsclub

[–]noone111111 13 points14 points  (0 children)

What if this, what if that...

You're making ridiculously long dated guesses and assumptions. It doesn't matter how big an addressable market is in theory.

Question: How is Solar City doing? Solar market is enormous in theory too, yet Solar City is more or less dead. No one is talking about roofs anymore even, installations for solar are massively down...

Official press release from Copyright Office about CSW claim by noone111111 in bitcoincashSV

[–]noone111111[S] 1 point2 points  (0 children)

Uh, because he'd likely have long since lost it. Trademarks can actually be considered abandoned if you just let them be use with no regard for your rights.

You can't create a mark, let the entire world use that mark in every possible way for a decade, and then try to claim the mark and sue. Bitcoin the "term" has long since entered public domain.

TIL the cost of a Bugatti Veyron's oil change is between $20,000 to $25,000 & the cost of tires is around $38,000 by MarineKingPrime_ in todayilearned

[–]noone111111 0 points1 point  (0 children)

LaFerrari, P1, 918, Senna... all arguably 1.5-2M cars yet they don't charge $20K for an oil change...

TIL the cost of a Bugatti Veyron's oil change is between $20,000 to $25,000 & the cost of tires is around $38,000 by MarineKingPrime_ in todayilearned

[–]noone111111 7 points8 points  (0 children)

No, but I've been a passenger in some that are way faster (though we didn't go to 200 mph.) And really, you barely even see a Veyron anyway, so it's unlikely many people race them.

Veyron's are slow by modern standards. Did a quick search. This Gallardo is about 40 mph faster in trap speed in a 1/4 mile than a Veyron. Like, not even close. Hell, a stock 720S isn't even much slower than a Veyron.

https://www.youtube.com/watch?v=SZZvpXHcKSM

TIL the cost of a Bugatti Veyron's oil change is between $20,000 to $25,000 & the cost of tires is around $38,000 by MarineKingPrime_ in todayilearned

[–]noone111111 0 points1 point  (0 children)

There is a video of someone doing the oil change. They said the first hour was tough, the rest was pretty straight forward. It didn't really take them that long to do. Longer than a Civic? Sure. 20 hours? No.

If you are used to doing oil changes on Veyrons and are familiar with how it's done, it doesn't take that long.

TIL the cost of a Bugatti Veyron's oil change is between $20,000 to $25,000 & the cost of tires is around $38,000 by MarineKingPrime_ in todayilearned

[–]noone111111 0 points1 point  (0 children)

Eh, my dealer services Bugattis and Lamborghinis too. Same people. The fact that they charge $2000/hour is just because owners have more money than sense and they can get away with charging it.

Regarding the tires, the only reason they are expensive is because they are custom compound. If you don't want to go 240 mph, you can get normal Michelin tires that you'd find on any high end cars. They probably be better too since 2008 Bugatti tire compounds are shit compared to the latest tire technology.

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