999 karma · joined March 28, 2014
The SpaceX bid wasn’t just superior to the other two bids, it also aligned with the Artemis’s mission to get to Mars. SpaceX’s Starship is about getting to Mars and the Moon is just a stop.
Dynetics and Blue Origin’s bid was about getting to the Moon. It didn’t support the longer term vision of Artemis IMO.
I think many people also forget this is the first of two Lunar bids. The second will be for “recurring landing services”.
For all the criticism of Elon, SpaceX is a far superior launch company to what is currently in the market.
We will see what will happen with ULA’s Vulcan Centaur, but right now SpaceX is winning.
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Go to essay #6 to see Matt and Jacob’s argument.
I personally tell people to invest in index funds if they don't understand investing, but it doesn't mean it will do better than other options. Index funds are only a recent phenomenon.
The biggest issue with index funds at the moment is "group-think". If everyone in America is investing via index funds then when people need money, those same index funds will fall sharply. There is a valid line of thinking where one should avoid stocks with heavy exposure to index funds because those stocks will have the best returns during an equities downturn.
http://theirrelevantinvestor.com/2017/08/31/today-in-market-...
Bitcoin is by no means established because these institutions aren't investing. If and when the day comes that this happens then Bitcoin will be established and increase one or two magnitudes. Many of the above institutions legally can't invest because they are restricted by their mandates. Bitcoin is a terrible use case for criminals because it's transparent. Monero would be better because it's anonymous.
There is definite frothiness in the market. Some token sales are scams, some are overpromising, and some that look promising will probably blow up. Take a look at SEC Fraud statistics for 2016. Crypto scams are a small fraction of these crimes: https://www.sec.gov/news/pressrelease/2016-212.html
Reporters need to separate Bitcoin, Ethereum, Litecoin (and some of the other older cryptocurrencies) from token sales and other crypto assets. Bitcoin has existed for 9 years and has real users with real use cases (remittance & cross-border payments)
I can keep going, but reporters really need to make an effort to do more research and separate fact from fiction (I guess this can be said for many areas of journalism though).