Anonymous group issues warning for Elon Musk for Bitcoin market manipulation
blockcrunch.co
blockcrunch.co
Secondary opinion --- Musk is not the problem; he is just the messenger --- an indicator of the problem.
The real problem is the fact that Bitcoin is not really a currency at all. It is just one facet of an unregulated get rich quick scheme driven by pure speculation and built around the fiction that stablecoins are fully backed by fiat. More than half of all crypto trades involve stable coins.
Everything Musk has done is also being done by the "exchanges" and others on a daily basis --- just in a more subtle manner.
Attacking the messenger won't solve the problem --- at best it will just obscure it's existence for a while longer.
People who buy and sell based on his end statements amplify his joke, making the fluctuations more volatile than any stock day trader could ever hope for. At the same time, if they are timing their buys and sells to his statements, they also profit. Instead, a lot of people complain if they sell too late and the price is already rising again. That's not Musk's problem. That's the panic reactionist's problem.
If Musk wasn't taking advantage like this, someone else would find a way to do it. Like the way wallstreetbets was with the MJ stocks. Anonymous didn't seem to mind that one.
As you've said, finding and publicizing an issue by exercising it over and over again isn't the problem. Passively complaining about it and not looking for solution that would bring Bitcoin more into the realm of "real money" means things will always be this way.
Clearly Musk is neither famous nor admired just because of “trolling”. He’s famous because of repeatedly making bold bets and pulling otherwise stagnant industries forward (like cars and rocketry). Both Tesla and SpaceX are hugely successful and are forcing everyone else to rethink their R&D. Other companies following Musk’s lead as latecomers doesn’t diminish Musk’s critical role in changing those industries.
> It appears that your quest to save the world is more rooted in a superiority and savior complex than it is in actual concern for humanity.
This is self serving, convenient speculation. It is a high school insult wrapped in bigger words.
> You may think you are the smartest person in the room, but now you have met your match. We are Anonymous! We are legion. Expect us.
This letter is ultimately a thinly veiled threat, and the actions undertaken by “hacktivists” are plainly illegal. I hope governments take notice and take action against this collective and others like Distributed Denial of Secrets.
Elon is symbolic of capitalism working. He creates cognitive dissonance as someone who applied capitalism (with subsidies that level the playing field versus oil externalities) effectively to environmental sustainability. He creates cognitive dissonance as a capitalist who created innovation (VTOL) that a public government funded agency (NASA) couldn't do by itself.
Elon is white, male, and wasn't overtly anti-Trump. Elon's ancestry is white South African.
Elon is rich.
Elon dislikes regulators.
Elon isn't afraid to criticize left-wing politicians in public.
These are the real reasons behind the strongest forms of Elon hate on the left that we see. The actual things he's done worthy of criticism (e.g arguably false advertising on Autopilot) factor in but I don't believe it is the real reason underneath it.
It did not occur to you that criticism of Elon can also come from observing his actions. Like calling someone a pedophile because they stole Elon's thunder.
It's the same underlying reason for Jeff Bezos hatred, but on steroids for the reasons I outline above plus the legitimately stupid stuff he's done which you've pointed out
Yes but actually no.
None of this nonsense would happened without the GME/AMC reddit scandal. But because he was with the good guys, nobody complained about it.
It's probably a bad idea to piss off tjat many criminals at once. Musk is becoming like a Batman.