Elon Musk is among the most admired people in the world. Heck, I admire him myself, but due to his achievements and the times he innovates... not the rest.
You see, Elon Musk has two distinct personalities:
Innovator, Business Man, Over-Achiever;
and on the other hand...
Attention Seeking, Insecure, Approval Seeking.
I'm aware most people admire him as this Internet overlord who is flawless and near God-Status, but I actually see a lot going on with his personality.
You can really feel that he still has that nerd outcast personality... he seeks approval and attention, and sometimes that gets in the way of his usual genius personality.
We have genius innovator Musk and attention-seeking Elon.
Unfortunately for him, those two personalities have often very conflicting interests, as successful people can confirm - after all, those who seek mainstream approval rarely succeed.
Personality #1: Elon Musk is a Genius & He Knows What He is Doing!
First of all, his first personality is the one most people appreciate.
He is an over-achiever, a visionary, a great businessman, and someone who knows his way around marketing as well.
Not only that, he has that competence Carnegie would go on about for hours on end - the skill to get smarter people than himself to work around him.
Tesla's employees and those who work with Musk say that he is indeed a brilliant man and a genius in many ways.
He also knows that Crypto is the future, and he saw that even though he has a lot on his plate.
Someone in his place would probably focus so much on his business that Crypto would easily go under the radar - But Mask is well aware of the revolution that is coming.
He has been manipulating Crypto markets since 2017, and I'm sure he's been killing it and filling those bags, plus doing his fair share of dumping as well...
...but he is a moneymaker!
Personality #2: Elon is an Attention-Seeking Outcast
Although this is an unpopular opinion, I do consider myself to be a fairly good people reader and I find this to be a fact... and it's ok, we all have flaws, but I think this flaw gets in his way in a serious way.
On the other hand, even if the opinion is unpopular, nearly everyone around him knows this to be a fact.
Let me share some sources:
A Tesla Investor Who Pullet Out: "he thinks Musk is more concerned with being famous than with building a successful business that stands the test of time, like Ford or General Motors. “In a similar way to Trump, Musk is someone who loves attention. They are the kind of people who love to be famous,” the investor said. In his mind, “Musk smoked that joint on Joe Rogan to create a buzz. All publicity is good publicity, and the only thing he’s scared of the most is when you’re not talking about him.” ... "Musk isn’t Henry Ford, this person contended; he’s Kanye West, a star addicted to his own stardom who pulls the indecent levers of social media to amplify his audience and stroke his ego—someone who will “do or say anything to the detriment of their lives, their companies, and the rest of us, as long as people are talking about them.” - source
There have been almost half a dozen high-level employees at Tesla who have always cringed when Musk withdrew his phone and started tapping out 140- and 280-character missives without any control or oversight." - source
Indeed, one of the ways you can easily see his manchild behavior is by following his Twitter.
I follow him on Twitter and I really love to see his inventions, his milestones, his products, and innovations, but then I have to cringe more than I'd like at his tweets that he definitely thinks make him look "badass", but really makes it seem that he is trying to recover from being an outcast most of his life.
This Dogecoin bullshit is what's leading me to vent through this post... the Dogefather thing is going too far.
Elon is letting his manchild personality #2 take the reigns, and it sucks!
When Personality #2 Takes the Reigns: The Dogefather
Well, Elon seems to be in full Dogefather Attention Seeking mode now, and he is doing his erratic stunts everyone working with him knows he does from time to time.
His antics, lately, have 2 big trends:
The Dogefather Trend: For Ego Stroking and Maybe for Manipulation
The Environmentalist Trend: Fighting for Press Coverage
Question 1: Do You Think Elon is Going to All In on Doge?
Question 2: Do You Think Elon Cares About Power Use?
If you answered any of these questions with a "yes", then you're going to have a bad time... you're a bit naive. Heck, I'm naive and I see farther than that!
These blind followers forget that Elon is Human, and they seem to be happy to jump down a cliff if Elon orders them to.
In reality, his motivations are very different.
First of all, the Dogefather bullshit:
He's been loving all the attention he has been getting and it shows. Blockstream already sent a satellite up there but it's not that he bothers doing research... he is a Crypto Newb - he is shilling Doge.
Now, look at his personality #1 - the guy is a genius... do you think a genius doesn't research something he is highly involved in?
He didn't research it properly because he isn't invested in Doge.
From my point of view, Doge is two things for Elon - he will make money manipulating it (check his reported buys and sells and his tweets) - and he is stroking his ego and attention-seeking personality with all of this Dogefather crap.
Again, do you think this is a sound business decision?
Doge has an extremely high concentration amongst a few accounts that own the majority of the coin. It's elitist and tasteless.
Plus, this:
Infinite supply, constantly minted, increasing supply token with infinite inflation as well.
Does that seem like a sound business decision for you? Or something that you even consider Musk's genius Personality #1 considering?
Do your own research on DOGE, don't grab your wallet based on celebrity tweets, even if they are innovators.
This is the final nail on the Doge coffin...
...WHY are you trying to reinvent the wheel!?
With DOGE Devs?
Really?
How about you cut your egomania and start considering blockchains with real value, fundamentals, and that don't have serious problems at a structural and fundamental level?
Potentially promising? Do you want to join John McAffee? That's how you do it!
The Environmental Bullshit: Who Are You Tricking Elon?
There are probably three different reasons to consider behind this second trend we're seeing in his behavior:
Environmentalists Got to Him: Don't Underestimate Lobbying in the Current Rotten System
He is Virtue Signaling: Egomania
He is Covering Up the Real Reason He Dropped BTC.
All of the three are very interesting!
How much coal do his electric cars consume? How much power does his infrastructure require?
Elon doesn't care about the environment, he is doing all of this for one or more of the reasons mentioned above.
Finally, you can bet your last DOGE that he is building a narrative for something else.
Even his personality #2 is smart.
Lobbying can be a reason forcing him to try to appease the environmentalists of the system. This is, however, the least likely scenario in my opinion.
Another reason may be that he is virtue signaling and using this to buy a press run - in a mix of personality #1 and #2.
Finally, he may be covering up the real reason he dropped BTC, which is likely as he seems to want to get into Crypto - he may be using DOGE as an onboarding tactic to create something of his own.
This environmentalism crap confuses me the most, the DOGE one is easier to understand.
Conclusion:
I admire Elon, he has one of the greatest minds of our era and he could be up there with Da Vinci and so on if he wasn't living for his Ego.
We're lucky to have him, but at the same time, Crypto is paying a price for his ego trips.
He doesn't research crypto, doesn't invest himself into it, yet acts as an expert to collect internet and ego points.
I can also accommodate that he is just dazzled with Crypto - we all felt this way when we were starting - and maybe he'll grow out of it.
When he does, his personality #1 may spot BCH.
Until that time comes, please Elon, stop manipulating the markets and making DOGE surpass the market cap of nearly every good project out there.
Your fellow flawed human,
CryptoMax
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What Elon Musk doing is playing with crypto currency. Otherwise, how can he accept Doge ! Such a shitcoin.