The Similarities Of Tesla And Cryptocurrency by taskmaster4450

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· @taskmaster4450 ·
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The Similarities Of Tesla And Cryptocurrency
I will start of by disclosing that I have some stock in Tesla.

Over the last few years, I watched Tesla closely along with how it was covered.  It is interesting to note the parallels between it and cryptocurrency.

Obviously, I feel that Elon Musk's vision will win out in the end.  I believe he is onto something and that he is delivering upon what he promises.  While his timelines are regularly off, often by a number of years, it appears he eventually does get there.

At the same time, what he is embarking upon is a total disruption of an industry that dates back over 100 years.  This is no easy task as evidenced by the fact that Tesla is the longest running U.S. car company to be established in the last century.  To this point, he sold around 500K cars, a number that keeps growing.

When you are upsetting such a large industry, you are bound to piss a few powerful people off.  In this instance, not only are the automobile manufacturers under attack but so is Big Oil and the auto dealers.  All three have a vested interest in seeing Musk fail.

Doing a fair bit of research on the company, it is easy to spot what is being reported is untrue.  A simple reading of a lot of mainstream articles and comments show how tilted the coverage is.  I will go as far as to say they are bold face lies meant to discredit what is taking place.  While Tesla is not a company without problems, how it is being cast is one of the most obvious forms of manipulation.

Certainly Musk does not make things easy on himself with his antics.  He has the amazing ability to shoot himself in the foot publicly which only feeds the attackers.  That said, the vision far outweighs his style which is not honed as a Wall Street CEO.

![image.png](https://ipfs.busy.org/ipfs/QmW3UoKZ7f1eWrw8uojyHE86MhVCimoT8o1255KqiYwTEK)
<center>[Source](https://steemit.com/cryptocurrency/@aadyashakti/you-can-buy-tesla-electric-cars-for-50-bitcoin)</center>

Being involved in cryptocurrency make me aware of the same thing.  We see how the established entities which are threatened by cryptocurrency ran their playbook.  The bankers appear to be at the top of the list bashing it at every turn.  They enlisted the help of outfits such as Bloomberg and CNBC which engage in perpetual slamming of cryptocurrency (Bitcoin in particular).

When it comes to Tesla, these media outlets run out the likes of Bob Lutz to tell everyone how bad the company is and that the end is near.  With crypto, we see the Jamie Dimons and his banker friends in the spotlight telling us how much they love blockchain but see no point to cryptocurrency.  If that is not enough, economists like Roubini and gold pawns such as Peter Schiff are also paraded before the cameras.

We, of course, do not know what the future will hold.  Tesla might end up in bankruptcy although I find it highly unlikely.  Wall Street obviously believes in Musk's vision since it gives him billions each time the company needs more money.  

At the same time, Bitcoin might end up at zero.  That possibility is still on the table although I find that also highly unlikely.  As long as the network is kept going, there will be value to it.  This does not sit well with many in the establishment but that is the nature of this technology.

We also have, in my view, the impending global recession which is going to make life very tough for those who are in charge of running the show.  Many saw through their charade the last time and I hypothesize that less are going to be apt to buy it this time.  Awareness is growing.

The problem for them is that, unlike 2009, people have an alternative today.  Bitcoin emerged out of the economic collapse and the system the bankers were running.  Now, we are a decade into this technology which puts it on firm footing.  

Bitcoin had a great run the last few weeks (actually all year).  After such a move, the pullback is expected.  This did not stop the headlines from already screaming "crash".  An asset is up over 250% for the year and the media still kills it.

Fortunately, for both of these, there are a lot of people who ignore what the media tells them and supports the visions being set forth.  This is how power is taken from the powerful.  The numbers are not in their favor and when a few hundred thousand people stand behind a vision, mountains can be moved.

I am glad to be part of both of some things that I believe are going changing the world.  With each passing day, both these visions move a step closer to realization.  We also see strength with every step down the road we make.

As we know with Steem, each passing day only makes the network that much stronger.  The most vulnerable time was in the beginning.  Now, three years later, we see a lot of things that are well established.  

It is always fun to prove the naysayers, i.e. the media wrong.  My sense is both Tesla and cryptocurrency will do this.

___
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@tts ·
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@novacadian · (edited)
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Great read, as always, @taskmasyer4450! A corporation has been knocking on my door as my place is the last piece they need to develop the block. If they offer the Golden Handshake to get rid of me then we are thinking rural with an electric Tesla truck. With BTC mooning, as well, it's making it seem the Universe is on my side. 😎
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@zammie ·
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"When Henry Ford made cheap, reliable cars, people said, 'Nah, what's wrong with a horse?' That was a huge bet he made, and it worked."  - Elon Musk

That's what people are saying why crypto?, whats wrong with fiatΒ΄? πŸ˜€ 

We are the pioneers of a new future.
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@elbrava ·
Well said.

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