Tesla CEO Musk, a hard-core technology man, and the richest man in the world, since Tesla bought Bitcoin at the beginning of the year, he has begun to run wild on the road of speculation. It is also speculated that Musk himself has a large number of Dogecoin holdings, and he is the first in the currency holding list. Another is believed to be his mother's address ranking fourth in the currency holdings list. The currency circle was originally happily thinking that a true god with gold was welcomed. At the beginning of the year, everyone praised that the biggest feature of this round of bull market is that institutions enter the market. We all know that US institutions have always been known for their stability and long-term holding. The bull market will likely reappear in the currency market because of the participation of institutions. Before the words fell, Musk began his performance. Not only did it repeatedly call Dogecoin, but it also allowed Tesla to sell some of its Bitcoin positions in the name of a "stress test" at a high of $60,000 in the first quarter, successfully harvesting, and reducing holding costs. Recently, there have been a variety of Dogecoins in one hand and a full attack on Bitcoin in the other. First, it criticized Bitcoin for being environmentally friendly, and then criticized that Bitcoin mining is too centralized. He also asked Tesla to stop the Bitcoin payment that had just been opened shortly before, and then replied "really" under a tweet that someone said that if you see Tesla emptying the Bitcoin position in the next quarterly report, you should not be surprised. The market plummeted across the board. Bitcoin once fell by more than 10 points on the 12th, reaching a low of $42,000. At this time, compared with the high of $64,800 a month ago, it has retraced more than 35%. On May 10, the article "It's still a big crash from the second half" came true.
No one knows digital currency better than Musk. Musk launched a counterattack on Twitter against those in the currency circle who were annoyed by him, yelling that I founded Paypal (Alipay in the United States) back then, and no one knows more about payment than I do. Of course, no one knows blockchain technology better than Musk. Musk tweeted that under ideal circumstances, Dogecoin can increase the block time by 10 times, increase the block size by 10 times, and reduce the transfer fee by 100 times, and then win. This "technical post" is nothing more than the leftovers of the big block of cults that were popular in the last cycle. The crazy hard fork attack and treason against Bitcoin that year have been submerged in the long river of history. The elders and widows of the big block faction immediately came to cheer his stinky feet, and more real experts criticized Musk for not pretending to understand. Uniswap founder Hayden Adams is not a Bitcoin core developer, but he also mocked Musk's tone in a post to mock him: Ideally, Tesla’s battery life is 10 times longer, charging is 10 times faster, and the price is Reduce it by 100 times and then win. Musk who broke into the currency circle, like Trump who broke into politics, thought he was a "knowing king", but he was actually a "naked man".
I remember the few years when Musk was just introduced to China by the technology media, and the so-called "first principles" invented by Musk were the most preached by various technology media and various chicken soup writers. This gadget was extended by some so-called mentors who engaged in corporate training and entrepreneurship training, adding fuel and vinegar, and integrating them, and then crowned with the fascinating aura of technology experts, the world’s richest people, and the stars of the sea. Entrepreneurial leeks who love learning and are keen to chase stars are brainwashed. Of course, brainwashing is not in vain. The class hours are very expensive. We don’t understand cars, let alone rockets, so when we read media articles that Musk taught rockets by himself for a few months, we can lead the team to design rockets that surpass the predecessors. The fundamental reason is that Musk follows "first principles" , To restore everything to the most original material, to disassemble and analyze, and then quickly grasp the doorway, which is really a good article and a good story that is commendable! But now I actually see poor Musk want to call out that I invented Paypal back then to defend his understanding of digital currency technology, I can't help but feel a little dazed. If the hero doesn't mention the bravery in the past, how can the richest man not know how to do it? Looking at Musk's Dogecoin expansion issue, he is completely layman's nonsense about technical issues. I simply doubt whether this Musk is the same as the Musk made by the self-taught rocket back then. Why has his methodology used so much high technology over the years, not only hasn't progress been made, but on the contrary, it has regressed? Or is it that the first principles of shit that some entrepreneurial training mentors blow out are simply nonsense? Neither can it help you quickly master any technology, three months of surpassing others’ 30 years of experience, nor can it help you succeed in starting a business, get rich, and perhaps the only effect is to make you feel good after listening, and feel that the cost of the class is not at a loss. ?
Bitcoin is the touchstone of human nature, as well as the touchstone of character. Musk wanted to call the wind and rain in the stock market, and was hit by the SEC. So he moved to the currency circle, this unregulated and wild land, and felt that he had finally found a western world where he could play freely and dominate. However, everyone does not know that the currency circle has more noble requirements for character and reputation. In this decentralized, transparent and pure new world, if you don't know how to pretend, you will only seek humiliation, and manipulating the market will only lead to personal bankruptcy. Unlike fiat currency, bitcoin is a consensus currency; unlike stocks, digital currency is a consensus asset. Legal currency and stocks are harvesters with innate class attributes. The harvester class and the leek class are not at the same time, and the harvester class is above the rules of the game and gains both fame and fortune. Bitcoin eliminates classes and puts everyone under the greatest decentralization rules, no one can override it, thus creating a class division from others. Man is tamed by mathematics. All people who are tamed by Bitcoin have different roles (such as miners, code maintainers, coin holders, etc.), but their class status is the same. Whether it is a sincerely converted practitioner or a barbarian who enters the door, they will eventually be assimilated and subdued by the culture shaped by Bitcoin.
As Bitcoin Core developer James Lopp said on Twitter, if Musk wants to find a few top blockchain developers in the world that can help him optimize the Dogecoin code according to his wishes, he will find , These people turned out to be the current Bitcoin core code developers. He posted a picture of the statistics of code contributors. The biggest contributors to Dogecoin technology are the core developers of these Bitcoins.