WoV stock portfolio
Have the Bitcoin Bros moved on?
Quote: AutomaticMonkey
OK, so what is a satellite orbiting Neptune supposed to do, and who is going to pay to put one there? Trillions in market cap for that?
I think you are assuming technology and science are not going to evolve. IN 100,000 years we may be inhabiting every planet in our solar system and some outside it. If we are inhabiting Neptune it may make sense to have satellites there. Don't be short sighted.
Quote: DRichQuote: AutomaticMonkey
OK, so what is a satellite orbiting Neptune supposed to do, and who is going to pay to put one there? Trillions in market cap for that?
I think you are assuming technology and science are not going to evolve. IN 100,000 years we may be inhabiting every planet in our solar system and some outside it. If we are inhabiting Neptune it may make sense to have satellites there. Don't be short sighted.
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In 100K years our descendants may be as different from us as we are from Neanderthals. But do you think we'd evolve into something that can live on Neptune, or really any other planet?
https://science.nasa.gov/neptune/neptune-facts/#h-structure
Technology and science advancing has an unexpected effect: it increases the things we are capable of doing, but it also changes the things we are motivated to do. For example with an accelerator we can turn now turn lead into gold, but unlike medieval alchemists our scientists have no interest in doing so. The vacuum tubes we could make today with laser manufacturing would far exceed the capabilities of the good old 12AV7, but for obvious reasons no one is developing this technology.
Thus, I do not believe humans will ever live on another planet, in the form of biological humans. What if... when the time comes that our planet becomes obsolete and uninhabitable, we had made contact with innumerable other civilizations, we will have exchanged information with them (including our history, culture, and genome), we will have seen countless others appear and disappear, and understand that our time, as a particular people on a particular planet, is up, we've shared everything we've done, someone else can recreate our next generation somewhere else, and for us, physically, to up and move somewhere else isn't worth the trouble.
We would be like a 105-year old man on his last bed at the hospice. He sees his children, stooped over with age themselves, his grandchildren, his greats holding a great-great or two, and he's perfectly happy with what is going on. How important would it be, for him, to live for another month, with great effort and expense for him and those around him? Unlikely very much. That's what we will be. Maybe by that time we will have gotten the genomic and ecosystem data from some species that really can live on Neptune, and we've cloned them and put them there, and their homeworld will be doing the same for us, on some weird rocky little planet, full of that nasty corrosive oxygen and way too close to their star to be habitable by those Neptunian types.
That's how I see the future. Doesn't make for good entertainment. Musk is a visionary but so were all the science fiction writers and futurists of the past, and none of them did a good job of predicting where we will (want to) go next.
Quote: DRich
I think SpaceX has a great future. What other company is doing successful space launches? They have put over 10,000 Starlink satellites into orbit. I have no idea if their valuation is good or not, but they will be the leaders in space launches for at least the next 10 years. Also, don't forget the head of NASA is a two time SpaceX commander and it is obvious that the NASA space program is in peril. NASA will be using SpaceX for most of their launches over the next 10 years.
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The scepticism towards the launch of the stock wasn't so much about spacex itself it was the bundling with loss-making products like X and Grok. Additionally the attempt to bypass normal index rules made many investors nervous since most of the stock purchases would be coming from people who knew literally nothing about it.
Of the 20 million BTC in circulation, roughly 45% were purchased at $65,000 or more, with a third bought for over $90,000.
Quote: billryanMikey Saylor is roughly 11 billion dollars in the red on his BTC purchases.
Of the 20 million BTC in circulation, roughly 45% were purchased at $65,000 or more, with a third bought for over $90,000.
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Do you know if that $11 billion is personal funds or is through his investment company? I understand in 2020 he started buying for his company and also personally buying.
Quote: DRichQuote: billryanMikey Saylor is roughly 11 billion dollars in the red on his BTC purchases.
Of the 20 million BTC in circulation, roughly 45% were purchased at $65,000 or more, with a third bought for over $90,000.
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Do you know if that $11 billion is personal funds or is through his investment company? I understand in 2020 he started buying for his company and also personally buying.
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I believe that is in reference to the 17,000 that he owns, although they may have factored in his 10% ownership in Microstrategies. Micro has been a net seller since April, but they have a pattern of selling by the dozen and then buying by the hundreds.
