[–] 1 point 7 hours ago

Indeed, someone with a deep fanaticism for Musk posted exactly that scenario as inevitable. This was to stand by his man when Musk asserted that SpaceX should be worth more than everything else on earth combined (he was pissed that spcx had fallen).

The dude claimed that by 2038 the 20 biggest companies would all be entirely space based exclusively, and that globally SpaceX would be the sole provider of space technology and the other 19 companies would be tenants of SpaceX. It all made sense to him because space is bigger than earth, right?

I can't find it, but among the usual suspects (space mining, space datacenters, terra forming), I was especially amused that his hypothetical "space banking company", because for some reason the financials of space companies needed to be managed by a company that could get stuff launched into space?

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  • [–] 4 points 7 hours ago

    To an extent, they weren't betting on the business, they were betting on the masses eating up the stock.

    And they were at least initially right, and cashing out 2-4 days after the IPO certainly worked for and of them. Stock going down required some significant portion of them to take their winnings.

    They were betting on the stupidity of the retail investor, not the fundamentals of the business.

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  • [–] 3 points 1 day ago

    Note that it stipulates passport or birth certificate and perhaps marriage certificate, and gives them leeway to waive these requirements. It's rationalized by "voter identity", but a birth certificate doesn't prove your identity, even if you can validate it (mine is a rotting old piece of paper with an embossed stamp, seems easy enough to fake), it would only mean a person was born with the name that you claim to have.

    For many people, the specifically requested documents are lost or they never had them.

    Now if this was a "need to establish a fair voter id system and issue cards to all voters with a reasonable timeline to actually pull this off", then the argument could be made. But it is a last minute "better have you birth certificate right now, no time to get replacements from the government, don't vote instead, unless we decide you are ok, then you can vote anyway".

    Particularly the leeway to not require the document is similar to another voter suppression method of the past. "Pass a literacy test to vote", which might sound like an ..ok.. idea, except the tests were designed to be impossible to pass, with bad wording, multiple plausibly correct options, etc. But at least it was unfair to everyone, right? Oh, if your grandfather could vote, you are exempted. So a lot of black people were conveniently blocked from exemption on a test that claimed to support educated voting but was just designed to ti fail everyone that would be required to take it.

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  • [–] 3 points 2 days ago (1 child)

    Also, Elon rolled most of that 'future AI empire' stuff into SPCX instead. Meaning that even if investors wanted to believe it that, they know that Elon can play shell games and put the prize wherever he wants and the investors are not able to control that.

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  • [–] 3 points 2 days ago (1 child)

    Yeah, while there are some folks that are die-hard must have gas cars, lots of other folks experience instant torque, smoothest and quietest drive imaginable, and replenishing range without having to go out of your way to a station. Wondering when the next maintenance needs to come and there's no oil, no wearing belts, no super hot engine bay, just some things like wiper blades and a bit more rough on tires owing to generally higher weight.

    There are downsides and awkward fits for some people. My apartment dwelling colleague would be screwed since his place has no available residential charging. Road trips can be more inconvient (though viable and perhaps worth it if you are taking a road trip every few months but spare yourself a weekly trip to the gas station). But certainly there's a market for which EVs provide more value than combustion vehicles.

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  • [–] 4 points 2 days ago

    I want you to be right, but I'm more skeptical. I see all over the place companies explicitly targeting a profitable subset: the biggest suckers of the available suckers. Higher margin, fewer whiny customers. Bonus points if it creates a cult-like fanbase (a lot of big brands manage to cultivate this).

    Saw a story where a company explicitly had a strategy of "increase prices by 10x, and it may scare off 90% of customers, but the 10% left will be a wonderful gold mine". Particularly shortages in the tech industry swayed a lot of folks that advocated for high-volume, low-margin to low-volume, high-margin.

    So if 20% are ride-or-die for Tesla and Musk, then it might be a decent enough move to double down on those 20%.

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  • [–] 7 points 2 days ago (1 child)

    Not defending, just an explanation, and one that if anything would enrage Elon more.

    He's still an absurdly over-wealthed taint stain, but the specific numbers over that threshold were just not quite as substantial as other (also somewhat imaginary) numbers.

    Point in fact, he was a trillionaire, and now he is not, but he didn't lose anything real. He still has every bit the amount of real wealth and control over all that stuff you listed that he had before, just the number shifted by billions of dollars while preserving every last thing of import that was wrong with his wealth. He is no longer a trillionaire but that means absolutely nothing about the problems his wealth pose in real terms.

    At some point, the numbers cease being a thing for meeting their needs, their comforts, and at some point even their every whim and preference they could possibly imagine. It just becomes a score and they peg their egos to the score. This is a level no one should ever be at.

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  • [–] 3 points 2 days ago

    Note that while that sounds ridiculous, we demarcate value using a currency system that makes standing still look like mild growth. When you ultimately are controlling currency, you can create the appearance of growth under any real world condition you like.

    So a company that looks flat in a system designed to make flat look like grown is actually experiencing some decline.

    Of course whether that is a decline in product, results, or just random investor sentiment is all up in the air.

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  • [–] 3 points 2 days ago (1 child)

    I would have assumed a beach head where they compromised a system on the internal network and then phished to extend the reach.

    I figured IT of all people would have allocated some DNS and some certificate. I would have taken the lack of TLS and DNS as a consequence of an attacker not having enough access to make those things a reality, and banking on people viewing 10. as safely internal like you are inclined to suggest.

    Just because it has an internal address does not mean it is safe, particularly as number of employees goes up and any one of them can get a system under their control compromised.

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