Shapeshift's FOX Token, H.R.3289, and Of Course…The Cybertruck

11/24/2019

I’m trying to decide if I will cover things like this at all going forward because it kind of detracts from what I find interesting about cryptocurrency while at the same time making the main players appear childish. Anyway, this happened and as you can see CZ is claiming it was the cause of the BTC price drop this week.

Vitalik was on Eric Weinstein’s Portal podcast. If you aren’t technical and are looking for a gentle introduction to Ethereum or the current cryptocurrency zeitgeist, this episode isn’t terrible. Eric approaches the interview from the perspective of someone who knows almost nothing about the space, even though he is clearly informed.

Everyone on the internet is roasting the design of the cybertruck. However, Tesla had zero chance of selling trucks in the existing truck market. The prototypical truck buyer is entrenched in the make of truck that they purchase. I’ve overheard conversations at Thanksgiving dinner where the buyer of one make ribs the buyer of another as if they’re discussing their favorite football teams. Not only this, but, I’d wager that the typical truck purchaser is not particularly aligned with Tesla’s brand. Tesla’s only chance to sell a truck model is to do something different from existing trucks and hope to get new truck buyers into the market.That said, you could make an argument that Tesla shouldn’t be working on a truck at this stage of the company.

This might be a pivot after the shift to KYC didn’t go well, or it may have been in the works since the beginning. Either way it benefits customers and is an interesting idea.

People are always flabbergasted by the compensation great developers can command. This is the sort of thing that happens when a company isn’t willing to pay top dollar for engineering talent.Speaking of Disney+, is an example of why I avoid businesses with high p/e ratios. It isn’t because the shares are necessarily over-priced, but more likely that they’re affected by the psychology of the public. This is a problem because news that may or may not actually affect the business will likely adversely affect the stock price, meaning rationality is less present in the price.

I covered this briefly in . It looks like Amazon is moving forward with a lawsuit.

I initially couldn’t decide if some kind of Kafkaesque masquerade was occurring, or if it genuinely takes this long to hammer out legislation when I heard the Senate news. After hearing that the bill also passed Congress shortly after, I’m more inclined to believe that it just takes this long to write legislation. I’m partly ashamed at how bureaucratic legislation writing is and partly proud that the U.S. legislators are at least doing something about Hong Kong.

This week’s newsletter not your cup of tea? Check out some of the more popular weeks below!

• GitHub Acquires Semmle, Vitalik’s Time Machine, and Condolences to the Facebook Engineer
• The $1 Billion Bitcoin Whale, A $243,000 Deepfake, Pre-Mature Optimization, and The Yandhi Leak

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