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comment by b_b
b_b  ·  1075 days ago  ·  link  ·    ·  parent  ·  post: Tesla Makes More Money Trading Bitcoin Than Selling Cars

I'm not goin got sully Hubski with a Tesla hate-rant, but I'm glad someone is writing about the ZEV credits. It's not a widely reported thing, though it is very well known within the industry. The ability to sell those credits should wane as more EVs come online.

The Bitcoin trading thing is pretty funny though, given Elon's bullshit-laden climate change focus.





kleinbl00  ·  1075 days ago  ·  link  ·  

    I'm not goin got sully Hubski with a Tesla hate-rant

Please reconsider.

    The Bitcoin trading thing is pretty funny though, given Elon's bullshit-laden climate change focus.

The institutionals have been pivoting heavily to ETH. You can make a fundamental use case, and you can use phrases like "authentication" and "DeFi" which nobody understands but knows they should be impressed by, and then you can point to NBA Top Shot and nobody even knows enough to argue that it runs on Flow not Ethereum.

For about three weeks now total market flows for ETH have been half again Bitcoin's. And it's a steady thing. When dumb things like Dogecoin bumps aren't happening ETH is the top traded cryptocurrency across the top three or four exchanges, and the top traded cryptocurrency, period.

Ethereum is also pointing towards exactly the characteristics Musk called out:

goobster  ·  1075 days ago  ·  link  ·  

Yeah. Musk's comments there are a dog whistle of recognition to those of us who love ETH.