Take a moment before exchanging appreciating assets for depreciating assets
Tesla now sells vehicles for Bitcoin, marking yet another milestone in Bitcoin’s history. However, this deal warrants special consideration.
Tesla is among a growing list of companies that have recognized Bitcoin’s value proposition, reflected not only in their proposal to sell vehicles for Bitcoin, but in their purchase of $1.5B of Bitcoin and their assertion that any earnings in Bitcoin will not be converted to fiat.
Tesla wants to hodl Bitcoin.
Exchanging bitcoins for Teslas is a novel, but fundamentally different transaction than legacy purchasing arrangements.
In 2018, Google’s introduced Duplex, a software program capable of making phone calls in natural, human-realistic conversational language. When Duplex made that first phone call, onlookers understood the profound possibility: no one has to talk on the phone again, ever.
The software disruption of phone calls carries broad implications for society:
Big name bets were made. As cash inflates, Bitcoin entices.
In the summer of 2020, NASDAQ-listed business intelligence company Microstrategy purchased 21,454 bitcoins for $250 million, spread over 78,388 transactions. They have since added 16,796 bitcoins, for a total investment of $425 million.
These moves are milestones in a growing list of public and private companies that are adding Bitcoin into their capital allocation strategies, many for the first time in 2020. Square’s $50 million Bitcoin announcement in October is just the latest high-profile company to join.
The emerging trend in corporate Bitcoin investment begs the questions, why Bitcoin and…
The ultimate health monitoring device will be something you sit on
Technology is causing major shifts in how we manage our health.
One of these shifts is from infrequent to continuous health monitoring. Biometric tracking was once reserved for annual checkups, but can now be done passively through your smart watch or ring.
As a result, lifestyle recommendations are also shifting from generalized to specific. Your phone’s health tracking apps are more accessible and applicable than the food pyramid and exercise posters at the doctor’s office.
Metcalfe’s Law asserts that a network’s value increases in proportion to the square of its nodes.
For social networks like Facebook, each additional user improves the overall experience of existing users, through adding relationship opportunities, idea sharing, interactions, etc.
To date, Facebook has amassed 2.7 billion monthly active users (MAU), up 12% from…
A justification for Tesla’s valuation
In early 2021, Tesla surpassed the valuation of the next 13 biggest automakers combined.
The only way to truly understand Tesla’s value is to recognize that it stands to disrupt more than just car manufacturing, but also solar panels, charging networks, trucking, software and energy storage.
However, among all these industries perhaps the most lucrative sector that Tesla is disrupting, and the driving reason for its astronomical valuation, is that of parenting.
In 1633, Galileo was put before the Roman Inquisition to renounce his support for the unacceptable idea that the Earth revolves around the sun. It wouldn’t be until 1822 that the Catholic Church permitted this idea of heliocentrism. Today, it is unthinkable to suggest that the Sun revolves around the Earth, given the overwhelming evidence.
The Overton Window is the range of acceptable topics that can be discussed in a group. When someone openly discusses a topic that is outside this range, they are shunned or cast out for publicly expressing an unacceptable view.
When speaking of UFOs, the Overton…
Market pressures incentivize adding more automation to online shopping. Drone deliveries could be the next frontier.
Santa Claus flies around on Christmas Eve, landing on rooftops to deliver packages to good girls and boys. Soon, drones may fly around on Christmas Eve, landing on front yards to deliver packages to parents who forgot to buy presents.
In 2016, Amazon Prime Air was developed as an autonomous drone delivery service. For orders weighing less than 5 lbs and customers within 10 miles of a participating fulfillment centre, a drone could fly a package direct to the customer within 30 minutes.
For better or for worse, performing in front of green screens is the new normal.
Sir Ian McKellan was reportedly reduced to tears while filming the first Hobbit film.
Apparently, the visual effects-heavy film required Shakespearean-trained McKellan to perform a significant portion of his role solo, and in front of a green screen for weeks on end.
For better or for worse, this is a new normal for actors in the 21st Century. Instead of pretending to be a wizard speaking to hobbits, McKellan had to pretend to be a wizard speaking to pretend hobbits.
Pretending to pretend is the…
In 2016 Microsoft released an AI Twitter chatbot named Tay. Anyone interested in chatting with Tay could do so, and the more people chatted with it, the more it learned how to converse and engage with people. Sixteen hours after its release, Tay was taken down due to its tendency to tweet offensive messages, such as support for Adolf Hitler, calling for feminists to burn in hell, and advocating for a race war.
Apparently, people on Twitter had tweeted controversial things at Tay, thereby teaching it to converse in such a manner. …