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Hillary 2024
Nov 13, 2016

by vyelkin

Gods_Butthole posted:

"Walter has saved more lives than anyone else I can think of"

lol, not even the inventor of penicillin huh?

Motherfucker forgot about Norman Borlaug

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Hillary 2024
Nov 13, 2016

by vyelkin

Testvan posted:

I used to live in that area and am super familiar with that stretch of highway and where the crash occurred. The white lines around the divider were super faded, they have since been repainted. The guy died because Tesla uses the lines for lane control.

Trusting your life to how well painted the lines on the highway are is some ignorant poo poo.
Trusting your life on the word of Elon Musk is some ignorant poo poo.

Trust some idiot didn't hand paint a white line at a tangent that's going to make your Tesla cannon into the next lane at highway speeds

https://www.vox.com/future-perfect/2019/4/8/18297410/ai-tesla-self-driving-cars-adversarial-machine-learning

Hillary 2024 has issued a correction as of 07:32 on Nov 27, 2020

Hillary 2024
Nov 13, 2016

by vyelkin

I'm not sure that's modeled correctly. Apart from the clipping issues some of those cars are unloading up to 10 passengers.

Hillary 2024
Nov 13, 2016

by vyelkin
Tesla, the car of choice for circus clowns

Hillary 2024
Nov 13, 2016

by vyelkin

FORUMS USER 1135 posted:

You could connect them bumper to bumper to bumper.

What like some sort of train?

Hillary 2024
Nov 13, 2016

by vyelkin

Goodpancakes posted:

According to my models, if people ran twelve abreast down the tube at 50 mph the tunnel can deliver enough people per hour

If we lined the tube with teflon and flooded it with some sort of lubricant like mineral oil we could move significantly larger volumes of people through it with or without the cars.

Even if we just waxed the sides with beeswax we could still move larger volumes of both pedestrians and Teslas.

Hillary 2024
Nov 13, 2016

by vyelkin

World War Mammories posted:

is that so? interesting, doesn't surprise me. learning biology is equal parts wonder at its beautiful complexity and disbelief that people don't spontaneously explode in a stiff breeze. I am now utterly incapable of believing in "intelligent" design.

also while I still can shout from my soapbox: if humanity manages to create AI before climate death, we won't program it. we'll grow it. babies are born with pretty much all the neurons they'll ever have, 100 billion or so (there are important exceptions - hippocampus in particular - but I'm glossing over those). on the other hand, which of babies or adults has more synapses - more connections between those neurons? babies - twice as many as adults! creating a sentient being is done by connecting everything willy-nilly and pruning away connections that aren't helpful. like starting with a block of marble and chipping away all the excess to make the statue inside, rather than building the statue by gluing pebbles together. and yet we've got bazillionaires convinced they're tony stark talking up their incredibly cool PebbleGlu which they're gonna use to build a space elevator out of gravel.

The more I hear about how the brain works the less likely it seems that we'll see AI in my lifetime.

Hillary 2024
Nov 13, 2016

by vyelkin

RandomPauI posted:

Why would someone shorting a stock want the stock price to go up?

Because they think the stock market is rational and they want to trigger a correction.

Hillary 2024
Nov 13, 2016

by vyelkin
https://twitter.com/Tweetermeyer/status/1334526537387806720?s=20

Hillary 2024
Nov 13, 2016

by vyelkin

Dr. VooDoo posted:

So the tunnel looks pretty tight for the car. When a car breaks down how exactly are the people inside going to get out? Do they have any emergency exits or alternate routes planned or if a single car breaks down are you just gonna have people trapped in the CYBER TUNNEL as the cars slowly back out one by one until they can get to the broken down car?

Safety features cost money and Musk wants to get his tunnels built as cheaply as possible so in the event a Tesla catches fire every single person in that tunnel will be baked and / or suffocated. Ideally they then brick up the entrances and bore a new tunnel to continue service.

https://techcrunch.com/2019/05/22/review-of-elon-musks-dc-to-baltimore-loop-system-reveals-safety-concerns/

quote:

Fire risks and escape hatches

The Baltimore-to-Washington document specifies parallel tunnels running beneath highways, within which modified Tesla vehicles would travel autonomously at up to 150 miles per hour. Battery-powered cars would leave as frequently as every 30 seconds, with a journey time of just 15 minutes in either direction. In the future, Musk even envisages converting the tunnels into a Hyperloop system outfitted with pods that could theoretically reach speeds of 600 mph.

If the Baltimore-to-DC Loop system is considered a road tunnel, it would be the longest in the world. As a rail tunnel, it would only be surpassed by the epic Gotthard Base Tunnel running beneath the Swiss Alps.

But where the Gotthard Base Tunnel has escape passageways spaced about every 1,000 feet, Musk’s Loop will have up to 10,500 feet between emergency exits. That is more than four times the maximum distance permitted in standards set by the National Fire Protection Association (NFPA) for public rail and transit systems.

“Just because a vehicle doesn’t have gasoline doesn’t mean it’s not a significant fire risk,” said Glenn Corbett, a professor of security, fire and emergency management at the John Jay College of Criminal Justice in New York. “Lithium-ion batteries are perhaps even more dangerous, and have been an issue for airlines and fire safety agencies for the last 10 years.”

Modern electric vehicle batteries can suffer intense, runaway fires when damaged. There have been two recent incidents — one captured on video in China — of a parked Tesla spontaneously exploding. Tesla said this month that it was updating its vehicles’ battery software for charging and thermal management. “Although fire incidents involving Tesla vehicles are already extremely rare and our cars are 10 times less likely to experience a fire than a gas car, we believe the right number of incidents to aspire to is zero,” it wrote in a statement.

The Loop document says that TBC will install fire detection, suppression and safety measures as well as a powerful ventilation system. But the facilities for passengers to escape during an emergency, be it breakdown, fire, flooding or terrorism, leave much to be desired, says Corbett: “You’ll have people that range from 5 years old to 95. What they’re proposing now would certainly not pass muster.”

For a start, some of the Loop’s emergency exits are too far apart. Should a fire break out at the worst possible place, passengers could face a two-mile walk to an exit — and then up to another quarter of a mile to a ventilation shaft leading to the surface. This two-mile worse case scenario could occur if an accident or some other event blocks the tunnel right after passing an exit, preventing people from reversing course to the closer exit.

To comply with NFPA standards for rail tunnels, the Loop would need at least 74 such exits for each of the twin tunnels between Baltimore and DC. TBC’s document says it only intends to build “up to 70” in total.

If the Loop system were designated a road tunnel instead, complying would be even harder. Stricter NFPA standards for car and truck tunnels mean that TBC would have to construct more than 180 exit shafts for each tunnel.


“Even this standard, which is 1,000 feet between exits, is fairly weak,” Corbett said. “Smoke from a fire in an enclosed, below-grade area has a high propensity to kill people and create a lot of problems.”

The ‘definition of insanity’

When passengers eventually reach the ventilation shafts, their problems might not be over. The tunnel floor will be between 44 and 104 feet below the surface.

“One or more means of vertical access (e.g. elevator, man basket, stairs or ladder) would be provided for ingress/egress,” states TBC’s document. At the top of each shaft will be either a shed housing ventilation equipment, or a flat steel grate.

“That’s not going to work,” Corbett said. “You’re telling me a 70-year-old grandmother who’s just traveled thousands of feet is going to climb a ladder to get out? That’s crazy. It’s the definition of insanity.”

Such long and inconvenient escape routes would also hamper incoming firefighters, who typically have only a 30-minute supply of air for their breathing apparatus.

“Ingress becomes a concern with very long tunnels,” said Justin Edenbaum, a tunnel fire and ventilation engineering consultant based in Toronto, Canada.

Another issue is that long tunnels are rare in the United States, a country that has more experience with fires in tall buildings than deep underground.

“All of our research in terms of stairwells has been done with downward motion,” Corbett explained. “What’s not been well studied are situations where people might have to walk a significant distance to get to a stairwell and then climb out. This is going to require a significant amount of research and consideration.”
They're pretending it's a rail tunnel and they're under-building for that definition. If it's classed as a road tunnel then they don't even come close to safety requirements.

Hillary 2024 has issued a correction as of 21:53 on Dec 5, 2020

Hillary 2024
Nov 13, 2016

by vyelkin

infernal machines posted:

Good news, the cars all have drivers, because autopilot isn't reliable enough to drive in a straight line through a tunnel

I was assuming the autopilot was doing all the driving because if humans are doing it you're guaranteed they're going to find some way to crash

Hillary 2024
Nov 13, 2016

by vyelkin

Groovelord Neato posted:

Wouldn't some type of tram cost less and be more efficient.

Heretic! Unbeliever!

Hillary 2024
Nov 13, 2016

by vyelkin
In the last few years markets seem to be completely irrational. It doesn't really matter what the company produces or even if it produces anything at all. Doordash has an IPO with a valuation of $30b and all they do is get serfs to deliver food to rich people.

Hillary 2024
Nov 13, 2016

by vyelkin

Gorson posted:

What pissed off babby this time?

California wanted his workers to stay home temporarily instead of spreading COVID. Texas doesn't give two shits about assembly line workers dying of the plague

Hillary 2024
Nov 13, 2016

by vyelkin
Mars rocket is the project they're doing part time when the rocket people don't have anything better to do, right?

Hillary 2024
Nov 13, 2016

by vyelkin

Blackhawk posted:

What the hell is this from?

[e] here's the original video. All I can find so far is that it was a Russian ship

https://www.youtube.com/watch?v=n9zUCm8w_Fo

There was a similar incident onboard the Russian cargo ship Astongate around 2012-2013 but in that case the lashings broke in the storm and the cars just fell off the deck.

https://www.youtube.com/watch?v=uM1TteaCxjg

Hillary 2024 has issued a correction as of 07:52 on Dec 12, 2020

Hillary 2024
Nov 13, 2016

by vyelkin

Thoguh posted:

https://twitter.com/UberFacts/status/1338566205733388288

This is certainly a true and completely real fact for sure and not an outright misrepresentation of Musk claiming that for a short period of time while a teenager in the 80s he spent $1/day on food while every other comfort was completely covered for him and not part of that $1. And hell, this is Musk so even that part is probably a lie.

quote:

You will never understand
How it feels to live your life
With no meaning or control
And with nowhere left to go
You are amazed that they exist
And they burn so bright
Whilst you can only wonder why

Rent a flat above a shop
Cut your hair and get a job
Smoke some fags and play some pool
Pretend you never went to school
But still you'll never get it right
'Cause when you're laid in bed at night
Watching roaches climb the wall
If you called your dad he could stop it all
Yeah

Hillary 2024
Nov 13, 2016

by vyelkin

gimme the GOD drat candy posted:

they are probably very far away because bezos is a sick freak who never passes up an opportunity to dehumanize and punish the people who made him the richest person in history.

Bezos is leaving money on the table if he's not building Amazon worker accommodation in the corner of his warehouses

Hillary 2024
Nov 13, 2016

by vyelkin

Dezinus posted:

hackers can car jack a tesla with relative ease, it's gonna own when someone steals elons bitcoin wallet

Or when someone at Tesla mis-types a wallet address and unrecoverably blackholes a billion dollars worth of bitcoin

Knowing Elon he'll probably want to setup his own Bitcoin exchange and it will get hacked like all the others do.

Hillary 2024
Nov 13, 2016

by vyelkin
You’re about 10 years too late to try holding back the bitcoin tide. Now the only thing that could stop libertarians is an X class solar flare hitting the earth and sending us back to the middle ages

Hillary 2024
Nov 13, 2016

by vyelkin
https://twitter.com/faizsays/status/1343556471099895813?s=20

Teslas now trying to take their owners with them to Valhalla

quote:

Seconds after Usmaan Ahmad heard metallic bangs in his Tesla Model S last month and pulled off a suburban Dallas thoroughfare, flames started shooting out of his five-year-old car.

The sound was like “if you were to drop an axle of a normal car” on the ground, Ahmad, 41, said. Only the car was intact, he recalled. Suddenly, as he stood on the side of the road, the car ignited in flames, concentrated around the front passenger-side wheel. “This was shooting out like a flamethrower,” recalled Ahmad, who works in strategy and business development for a health-care system.

The combustion of Ahmad’s car is one of a growing number of fire incidents involving older Tesla Model S and X vehicles that experts say are related to the battery, raising questions about the safety and durability of electric vehicles as they age. The National Highway Traffic Safety Administration (NHTSA) is evaluating the fire of Ahmad’s vehicle in Frisco, Tex., and has contacted Tesla over the matter, NHTSA spokesman Sean Rushton said this month. The agency opened an investigation last year into alleged battery defects that could cause fires in older Tesla sedans and SUVs.

Tesla did not respond to requests for comment sent to multiple representatives.

A lawsuit and defect petition that spurred the NHTSA probe allege Tesla manipulated its battery software in older model cars to reduce the risk of fire, lowering the range and lengthening charging times as it sought to address an undisclosed defect. The attorney filing suit on behalf of Tesla owners last year cited an “alarming number of car fires” that appeared to be spontaneous. Since the agency agreed to look into the issue last year, little more has been disclosed about the status of the probe.

Tesla has argued its cars are 10 times less likely to catch fire than gasoline vehicles, citing data from the National Fire Protection Association and U.S. Federal Highway Administration on the number of incidents by mileage traveled for its fleet of electric cars vs. other vehicles. Tesla said in 2018 that its vehicles had five fires per billion miles traveled, vs. 55 fires per billion miles traveled in the United States.

Other electric vehicle models have faced federal scrutiny and voluntary recalls over fire risks. Last month, NHTSA announced General Motors was recalling more than 50,000 Chevrolet Bolt electric cars in the United States over the potential for fire in its high-voltage battery pack, after the agency confirmed there were five known fires involving the vehicle, resulting in two injuries. NHTSA advised owners to park their cars outside until the problem is repaired.

General Motors spokesman Daniel Flores said dealers were updating the cars’ battery software to limit their charge capacity to 90 percent while the company addressed the issue. The batteries, he said, “may pose a risk of fire when charged to full, or very close to full, capacity,” and the company is “working around-the-clock to identify the root cause.”

Audi recalled its e-tron SUV last year shortly after its U.S. launch following the discovery of a potential fire risk, which the company said was a wiring harness issue. Audi spokesman Mark Dahncke said that Audi recorded no fires globally and that the recall was done out of an abundance of caution.

And federal regulators investigated General Motors for battery fire risks in its plug-in hybrid Chevrolet Volt in 2011, a problem GM agreed to address.

There were 189,500 highway vehicle fires in the United States in 2019, according to the National Fire Protection Association, encompassing passenger and other types of road-going vehicles. Experts say electric cars catch fire at a similar rate to gas cars, if not less often. But the duration and intensity of the fires, fueled by chemicals and the extreme heat buildup in lithium-ion battery systems, can make the fires in electric cars harder to put out.

“Battery fires can take up to 24 hours to extinguish,” Tesla says in an emergency response guide for the Model S on its website. “Consider allowing the battery to burn while protecting exposures.”


As a report prepared for NHTSA suggests, electric vehicle fires can result from a chain reaction of events where, for example, a defect causes overheating in a single cell. Through that vector, the heat can ignite highly flammable materials surrounding the source and spread to the rest of the battery, eventually spiraling out of control as temperature and pressure rise unabated, a process known as “thermal runaway.” But the issue may not be inherent to batteries, but rather the fact that the current crop of electric vehicles are relatively new to market and uniform safety standards have yet to be adopted, research has said.

An October 2017 Battelle report prepared for NHTSA on the safety of lithium-ion batteries for electric and plug-in hybrid cars “suggests that the technology and industry has not matured sufficiently to have established comprehensive safety codes and standards that mitigate risks.”

Tesla has come under particular scrutiny over concerns its computerized cars made emergency responses and investigations more difficult, with features such as retracting door handles that proved an impediment to first responders, for example, and proprietary systems with critical incident information that have required Tesla’s cooperation to decode.

The NHTSA defect petition that led to the probe cited alleged “high-voltage battery fires that are not related to collision or impact damage to the battery pack.” It focused on Model S and X vehicles from model years 2012 through 2019 and homed in on their battery management systems, including thermal management and charging control, NHTSA said.

One of the most gruesome incidents involving the Model S was the case of driver Omar Awan, who was trapped in a burning car in South Florida in 2019 after the car’s electronic door handles failed to extend following a fiery crash, his family said. The man’s family blamed that design feature in a wrongful-death lawsuit, saying his death was caused by the design features rather than the crash itself.

The battery reignited at least three times in the impound lot, according to the South Florida Sun-Sentinel.


Another fatal wreck in South Florida, in 2018, led the family of a teenage victim to sue Tesla, alleging the battery pack was defective. The firm representing that family alleged there were at least a dozen cases of Model S batteries igniting after a collision or while parked.

In 2019, Tesla said it sent investigators to the site of a Model S explosion in a Shanghai car park after video showed smoke billowing from the parked car before a fiery blast.

And a Tesla Model S burst into flames while sitting in traffic on a Los Angeles street in 2018, with fire shooting similarly from the wheel well. Tesla called it an “extraordinarily unusual occurrence.”

The Frisco incident bore resemblances to many of the previous cases, although Ahmad had been driving the Tesla Model S 85D shortly before it ignited. Ahmad said his battery was at around a 60 percent charge, he said, and he was cruising lightly on the way home from Home Depot.

Firefighters showed up within minutes after Robert Watson, 41, of Frisco witnessed black smoke and called 911. One of Watson’s sons started recording the fire, which was growing in intensity.

“It looked like the back of a jet engine with the afterburner on coming out of that front passenger wheel,” recalled Watson, who works for a technology company. The firefighters had the blaze under control in about 10 minutes, witnesses recalled.

But there was another issue. As he stood on the side of the road, Ahmad said, a firefighter asked how to get inside the cabin as they worked to douse the flames.

Ahmad thought to try the key fob but knew it might be futile. The Model S uses retractable door handles that are electronically controlled, popping out when they detect a nearby fob.

The firefighter “looked at me and he said, ‘You’re lucky you got out when you did, because you could have gotten stuck in there,’” Ahmad said. It raised similar concerns to the Florida crash involving Awan.

Keith Gall, battalion chief of administrative services for the Frisco Fire Department, told The Washington Post the fire involving Ahmad’s Tesla was deemed “unintentional,” though he did not elaborate. The car was destroyed, Ahmad said, and is sitting in an insurance lot. Now he is awaiting answers on the potential cause, though he said Tesla had not initially proved eager to investigate the fire.

“I am assuming the battery exploded and caused the fire, but would like to request Tesla please look into this,” he wrote Nov. 25 to a Tesla service center representative, who later responded they were glad he was safe and would look into the matter.

Since then, Tesla has repeatedly cited insurance hurdles. Once Ahmad files a claim, the parties will agree to jointly inspect the car, one Tesla representative told him.

“Until this is done, there is no time frame,” the Tesla rep told him in an email shared with The Post. A month after Ahmad’s email to Tesla, the company and his insurance agency agreed to jointly inspect the car, Ahmad said.

Ahmad said he wants to determine the root cause of the problem so this doesn’t happen to someone else.

Ahmad fears for others who have the same model vehicle and even for his parents, whom he convinced to get a Tesla Model X SUV.

“I don’t want anybody else to experience something this scary,” he said.

Hillary 2024 has issued a correction as of 19:13 on Dec 28, 2020

Hillary 2024
Nov 13, 2016

by vyelkin
https://twitter.com/StanphylCap/status/1343407645919731712?s=20

A lot of people there seem to be confused between gambling and investing.

Hillary 2024
Nov 13, 2016

by vyelkin

i say swears online posted:

i can hear you readjusting your oakleys

https://www.youtube.com/watch?v=6YMPAH67f4o

Hillary 2024
Nov 13, 2016

by vyelkin

bedpan posted:

the market is fundamentally irrational, not fundamentally rational

Zazz Razzamatazz posted:

The problem is that you guys are expecting things to make sense.

Hillary 2024
Nov 13, 2016

by vyelkin
I'd be tempted to pull in front and slowly reduce speed

Hillary 2024
Nov 13, 2016

by vyelkin

Shugojin posted:

It's tesla. A car sold is not necessarily a car made. INFINITE MARGIN

I think you just broke capitalism.

Hillary 2024
Nov 13, 2016

by vyelkin

Admiral Ray posted:

Tunnels

in loving florida

with one of the most porous geologies of any state

during a period of sea level rise

gently caress it dude, let's go boring

We can hide out in them when the Martians invade

Hillary 2024
Nov 13, 2016

by vyelkin
Hold the payment in escrow until the tunnels are completed. Musk has a ton of cash, he can afford to build tunnels on credit.
Also make sure you agree on a price beforehand and don't give in when the project is over budget and they want to renegotiate.

gimme the GOD drat candy posted:

unfortunately, despite the state paying for them i doubt most of these tunnels will ever actually be dug. it's not just maintaining them that would be impossible. actually digging the tunnels would also be a complex and difficult process and hey where are you going mr. musk.

Hillary 2024
Nov 13, 2016

by vyelkin

Bethamphetamine posted:

in 2022 Elon Musk bores into the Miami-Dade aquifer, salting the singular drinking water supply for 9.3 million Floridians.

oxsnard posted:

elon musk calls the public official in charged of water a "gay pedophile communist tesla shortseller"

Tesla's stock surges 17%

Hillary 2024
Nov 13, 2016

by vyelkin

Sudden Loud Noise posted:

Speaking of, what international law states that some country can’t shoot private satellites out of the sky?

I’m sure it exists, but just curious, is it considered an act of war or something? Or treated similarly to ocean shipping?

When do we get space pirates?

You could do it with a big enough ground based laser. It would be difficult to de-orbit them from the ground but you could cook them.

Hillary 2024
Nov 13, 2016

by vyelkin
https://twitter.com/OmariJHardy/status/1351159820158689292?s=20

Hillary 2024
Nov 13, 2016

by vyelkin

DeepDickPizza posted:

https://twitter.com/jaymboller/status/1351537740030988289?s=20

lol that they're going to pay someone to do this when there are thousands of idiots who do it every day for free already

https://twitter.com/spencerfleury/status/1351625297196552193?s=20

Hillary 2024
Nov 13, 2016

by vyelkin

The Atomic Man-Boy posted:

Best part of the GME thing is that a bunch of epic bacon redditors took their money out of Tesla and put it in Gamestop.

I'm no Musk fan but the best part for me is all the rich people crying crocodile tears about poor people manipulating the stock market. A bunch of muskoids are going to cop it after Friday when Reddit loses interest and the stock tumbles again but that's just icing on a turd cake.

Hillary 2024
Nov 13, 2016

by vyelkin

Platystemon posted:

I can’t wait for them to have only one pedal and infer the driver’s intentions with AI.

Take away all controls and just have the car be voice operated.

Hillary 2024
Nov 13, 2016

by vyelkin

I love rocket.

Hillary 2024
Nov 13, 2016

by vyelkin

Communist Zombie posted:

Surprised that this hasnt been posted here yet

https://twitter.com/jeff_foust/status/1356590408579579910


The FAA is one of the few regulatory agencies that dont gently caress around, and surprised that they did the launch because the FAA wont hesitate to revoke their license.
I'm assuming it was Elon that said "gently caress it, we're launching anyway" so the corrective actions were probably to take Elon out of the launch decision chain.

Hillary 2024
Nov 13, 2016

by vyelkin

infernal machines posted:

just put a deposit down on a cybertruck. or a tesla semi. or a roadster. it's basically the same thing

Remember to tick the box for Full Self Drive

Hillary 2024
Nov 13, 2016

by vyelkin

Gods_Butthole posted:

How is it possible that they were able to design the front doors to unlatch without power, but couldn't do the same for the rear? I'm really struggling to comprehend what lead to that design decision. No one designing that absurd airplane escape hatch mechanism took a step back and thought "hey maybe our approach is fundamentally wrong?"

I can understand a lot of the jankey stuff that comes out of tesla because it's clearly coming from a place of either rushing to get er' done ASAP or lack of deep consideration, but this is like someone went out of their way to do something ill advised.

I'm amazed that the rear mechanical override isn't signposted at all, like there isn't even a sticker showing you how to escape in an emergency. You either watched the right YouTube video, read the car's manual or you get to burn to death. That's not an emergency exit, that's a box ticking exercise to comply with someone else's checklist.

[e] For the model 3 I guess they found some clause that lets them do away with the requirement altogether.

Hillary 2024 has issued a correction as of 00:00 on Feb 5, 2021

Hillary 2024
Nov 13, 2016

by vyelkin

Three Olives posted:

Because of course.

Does Bitfinex still do that thing where they print Tether out of thin air then use it to buy Bitcoin so they can artificially keep the price high? 'cos if so this seems like the perfect place for ol' Musky to invest his money.

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Hillary 2024
Nov 13, 2016

by vyelkin
Let's just take our first tentative steps into Bitcoin by looking up Bitfinex's entry in Wikipedia

First paragraph: https://en.wikipedia.org/wiki/Bitfinex

quote:

Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc., which is headquartered in Hong Kong and registered in the British Virgin Islands. Their customers' money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.

Research suggests that price manipulation of bitcoin on Bitfinex accounted for about half of the price increase of bitcoin in late 2017.

According to a 2019 statement by Bitfinex prior to the offering of US$1 billion in tokens, Bitfinex had a net profit of US$404 million in 2018. These results were not audited, nor prepared under Generally Accepted Accounting Principles.

Yep that's perfectly normal business practices for a Bitcoin exchange.

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