pull down to refresh
I would love to tell ya but the feds are watching, wouldn't want to tip them off as to my methods! What i can say is that every week on my substack and my Nostr I do provide a map for the average man to navigate their way out of the matrix. and expose the state's shenanigans. Here's an example:
https://open.substack.com/pub/kudzai/p/papers-please?r=3bc8b&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
That's interesting, and that's one of the reasons why sometimes big announcements can be misleading as they mask the real work that is required to educate merchants on this option. What square did was significantly important, but without the right education or even people doing like what you did where you were asking about it, it becomes another useless relic
This is a spot on analysis and the stock market is now the new money printer that enables non-bank entities like SpaceX to issue new money
For their sake, i hope they are right and that they don't get shafted while chasing waterfalls
How is this potential being measured with all the funky valuations going on? Is it just trusting Elon? This is the real question for me, because if you recall during the dotcom era, many things were spoken of and some are yet to materialize to this day. Looks more like speculative gambling to me than prudent investing, unless if Elon is sitting on a major discovery that he is yet to share with the world.
If you are willing to bet on these hypotheticals, then definitely the revenue ratio doesn't matter. I personally don't see how we get from where we are to say a $1 trillion in revenue in the next 10 years, not to mention the infrastructure challenges required to put data centres in space. I am not saying it's impossible but the costs of doing so and maintaining it will require billions more before generating any meaningful return.
If this were a normal market I would agree with you, but if you value a company 100x revenue without any feasible justification as to why, as a rational investor what else do I have to go on? Blind faith? This isn't to say AI is useless or SpaceX will fail, this is really a value question about the distortion of price signals through which we can make intelligent capital allocation decisions.
The real question is when you say "lose it's value", what are you referring to? I ask this because most people conflate Bitcoin's fiat price with its value and those two aren't the same thing. Bitcoin's value imho mainly comes from its censorship resistance, PoW, and its 21m limit. The fiat price is the toll to exit the fiat system at a given time, but that's not its value. In short, your thought experiment is on the right track.
I hear you but just a point of clarity, I don't live in fear as what I was saying about the feds was a joke. I just prefer to do what I do privately. ☺️