May 24, 2020

The Agony and the Ecstasy of Betting Big on Elon Musk

May 24, 2020 boss

Elon Musk has always been polarizing, but the controversies are piling up amid the coronavirus pandemic. Exasperated investors wish he would just stop tweeting. The majority of Tesla employees secretly feel the same way too. Elon Musk has never been a stranger to controversy. But in the age of coronavirus, those controversies have soared to levels that may have severe implications on the Tesla (NASDAQ: TSLA) brand for years to come. In the past couple of weeks alone, Musk has pushed dubious COVID-19 treatments, called for an end to lockdowns,…

What the Birth of Crypto Can Predict for the Post-COVID-19 World

May 24, 2020 boss

We, as a society, are now experiencing a crisis of trust. The three pillars that we’ve had faith in all our lives — institutions, government entities and the media — have all failed us. From trusting financial institutions to guard our assets to expecting politicians to enact smart policies to hoping the media informs us on issues truthfully, we’ve entrusted these institutions to have the public’s best interest in mind and to provide crucial guidance in times of crisis. Instead of witnessing any of that, we have seen politicians, government…

Spiritual Reflections on the Bitcoin Halving

May 24, 2020 boss

Allen Farrington writes at Quillette, Areo and Merion West, as well as extensively on Medium, where he has several much longer essays on Bitcoin, finance, economics and related topics. His collected writings can be found here. He lives in Edinburgh. At approximately 8:23 p.m. GMT on Monday, May 11, the 630,000th Bitcoin block was mined, the first to offer the reward to its successful miner of 6.25 bitcoin rather than 12.5, as has been the case for the past four years. You may have caught wind of this, what with…

The PlayStation 5 Faces a Titanic Threat – But It’s Not What You Think

May 24, 2020 boss

Nvidia’s upcoming graphics cards are expected to be ridiculously powerful. That could spell trouble for the PlayStation 5 and the Xbox Series X. Inflated component costs could make next-gen consoles too expensive – and PC gaming even more attractive. Sony and Microsoft are all set to launch their PlayStation 5 and Series X consoles by the end of 2020, even though the novel coronavirus outbreak has put a spanner in the works. While Sony is reportedly struggling with the rising prices of critical PS5 components, Microsoft’s Xbox Series X launch…

Meghan Markle Has an Evil Money Agenda – That’s Why She Failed as a Royal

May 24, 2020 boss

Reports are that Meghan Markle was “ill-prepared” for life in the royal family. Apparently, her career as a Z-list actress didn’t prepare her for becoming “the most famous woman in the world.” The problem is, Meghan had an agenda from the outset. The royal family is just a marketing tool for her. So Meghan Markle was apparently “ill-prepared” for life in the royal family, according to a royal expert. Sorry, but I disagree entirely. It’s impossible to be “ill-prepared” for life as a royal when your intention wasn’t to give…

Industry at a Crossroads, Crypto Enters Fourth Phase of Development

May 24, 2020 boss

The crypto space is well over a decade old with more than 5,500 different cryptocurrencies and a market capitalization north of $250 billion. Researchers at American venture capital firm Andreessen Horowitz say the 11-year old industry is in its fourth supercycle with the three previous epochs culminating in distinct developments that have gone on to shape the market as a whole. In a report issued earlier in May, the VC firm posited that despite the apparently chaotic nature of the crypto market, each previous cycle has proceeded in roughly the…