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9) What is value, really, but a meme that we endorse? Well, that's not quite fair. Bread has value. As shelter, and water, and music, and maybe math. But gold, and dollars, and NFTs, and super bowls, and TSLA, and DOGE are all worth whatever we think they are.

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10) He doesn't choose DOGE in spite of it having no intrinsic value. He chooses it _because_ it's just a meme. Because so many things are, and so really, what makes DOGE any less real?

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11) Gold, and dollars, and NFTs, and super bowls, and TSLA, and DOGE are all worth whatever we think they are. And bitcoin.

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12) We loved him when he moved from another meme to ours. And then he chooses DOGE, and we clap, thinking he obviously still _also_ chooses BTC. Don't say he didn't warn us.

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13) Maybe it's because he was bored again. "Today feels like a good day to cause a stir." It wouldn't be the first time.

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14) Maybe it's because we assumed he was "one of us".

will never be one of us because he'll never be one of any group, not exactly. He contains multitudes. And if there's one thing multitudinous people hate, it's being put in a box.

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Tesla & Bitcoin

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15) We tried to put him in the BTC-maxi box, and so he had no choice but to find a way to escape.

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Working with Doge devs to improve system transaction efficiency. Potentially promising.

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16) But maybe--just maybe--we're forgetting about Occam's razor: that sometimes the simplest and cleanest explanation is the right one.

runs an electric car company. And BTC, like it or not, isn't the most energy efficient cryptocurrency.

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1) So on energy usage of BTC: The profile will change long-term. Right now the main driver is from block rewards. But as block rewards exponentially decay, those will become less relevant. Long-term, there are really two core drivers.

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17) The cries that BTC is dead because of its energy are missing the forest for the trees. But that can't be our _only_ response to worries about its energy usage. At some point we have to engage.

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18) Or maybe--like so many other things--his flirtation of BTC died at the hands of middlemen.

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Replying to @NeerajKA and @elonmusk

Honestly, he likely did and doesn't find it to be a problem. But Tesla needs to stay ESG and I'm guessing the stock could be removed from ESG portfolios if they didn't do this. And Tesla also needs to collect a lot of subsidies tied to its environmental mission

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19) The world is increasingly fickle. Anything that goes up can go down. (And, sometimes, back up.) That's always true, not just when it suits us.

4:55 AM · May 14, 2021Twitter Web App

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compile

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Hey s_d_v_ns, what's up? The thread is compiled, don't hesitate to share it. Have a good read:

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SAM CAN WE SEND YOU $WOOF WOOF

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Sam don't like free things🤓

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Theory of Privacy & Free Markets

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At the end of this long ass feed, you’re still talking about non fungible coins, not something that’s sound, or conducive to free people. More conducive to social credit systems and blacklisting that make custody moot.

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Or maybe he has multiple trading accs on diff exchanges.

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Brilliant! Thanks

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Matheus aNEEMAL

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Well said!

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This is so good

@SafeBox_Charlie

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Thread of brilliance, and important perspective, thanks

. Must have been a crazy week at the shop

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