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Funniest/Most Insightful Comments Of The Week At Techdirt

from the comedy-is-now-legal! dept

This week, we kick off the most insightful side of points with a comment from That A person Dude on my article about how I nevertheless hope Twitter succeeds, in which the remark highlights the most significant single factor that may possibly get Elon to prevent from burning the web page to the ground: finding past his own moi.

Stage just one: Understand and admit when YOU are the issue

From the sounds of it when it may possibly not be impossible to end the website from burning down the first step of that will call for Musk to admit that he screwed up and that all the derision aimed at moderators and these that have that as their occupation was grossly unfair due to the fact it turns out those people folks actually did/do know what they were chatting about.

If he can established apart his ego and confess that he was lifeless mistaken about moderation then it might be achievable to salvage the site, nevertheless it’s heading to be a seriously uphill fight convincing the persons who have been canned or remaining to occur again and it’s likely to get a lot of Really Good People today indignant with him.

If he can’t set apart his ego… crack out the hotdogs and smores kits because the area is very likely to go down in flames and there is not substantially else any person else can do at that level but take pleasure in the

Why Bitcoin, Ethereum, and Dogecoin All Fell This Week

What happened

Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) are down 9.38%, 14.56%, and 17.44% respectively in the past seven days as of 9:00 a.m. EDT. They are now trading at $46,000.54, $3,378.97, and $0.2479 per coin respectively. After a record bull recovery, cryptocurrencies are witnessing significant fatigue amid more regulatory scrutiny, internal strife, and “altcoin rotation,” which is similar to sector rotation for stocks.

Image source: Getty Images.

So what

When Bitcoin’s market cap approached $1 trillion, both governor Stefan Ingves of Riksbank (Central Bank) Sweden and governor Alejandro Diaz of Bank of Mexico criticized the currency as a stable medium of exchange, citing its significant trading volatility.

As for Ethereum, the coin is witnessing a low-scale “civil war” after the network became increasingly unfriendly to miners due to co-founder Vitalik Buterin’s desire to reducing its energy consumption. Out of a total of around 9,000 Ethereum nodes, or computers running software to keep the public ledger in order, 6,500 have disappeared from the network in the past two weeks. They’ve likely hard-forked and migrated to a new chain along with a subset of dissatisfied miners.

Lastly, Dogecoin is facing a great deal of uncertainty after the chairman of the U.K.’s Financial Conduct Authority, Charles Randell, targeted celebrity influencers such as Kim Kardashian for promoting high-risk altcoins that could very well turn out to be scams. Dogecoin is one of the most heavily promoted altcoins out there, touted by celebrities such as Tesla‘s CEO, Elon Musk, and

This is What Was Hurting These 3 Cryptocurrency Shares This Week

What took place

Final weekend, China’s federal government was difficult at function striving to stop the mining of cryptocurrencies in its state, resulting in the price of Bitcoin (CRYPTO:BTC) to drop. Bitcoin briefly dipped below $30,000, erasing all of its gains hence significantly in 2021. And when it truly is bounced back again to about $34,800 as of this writing, it truly is however down for the 7 days.

Cryptocurrency stocks like MicroStrategy (NASDAQ:MSTR), Canaan (NASDAQ:CAN), and Ebang Worldwide Holdings (NASDAQ:EBON) had been all down this 7 days as a final result. As of market place near on Thursday, these are down 10%, 10%, and 14%, respectively. Here’s how these organizations are handling these intensifying regulatory pressures.

MSTR data by YCharts.

So what

In excess of the weekend, reports out of China proposed that around 90% of cryptocurrency mining experienced been shut down. The governing administration experienced energy providers minimize these organizations off, leaving them with no electrical energy to operate their mining machines.

With a blockchain network like Bitcoin, the collective computational electricity is calculated with what is actually named a “hash price,” which goes up with more potent machines and much more all round gadgets plugged in. There’s small question that mining devices are acquiring unplugged in China as the governing administration cracks down. About just the earlier thirty day period, the overall hash fee of the Bitcoin blockchain network is down additional than 40%.

Bitcoin Network Hash Rate data by YCharts.

For cryptocurrency corporations in

A crypto crash wiped out $1 trillion this week. Here is what transpired

On Wednesday, a wide crypto crash wiped out about $1 trillion in industry price — a staggering drop from $2.5 trillion just a week ago. Bitcoin, which accounts for more than 40% of the world wide crypto market, nosedived 30% to $30,000 on Wednesday, its cheapest stage since January.

By Friday, bitcoin had rebounded a little bit, to all-around $37,000 — bruised by continued regulatory fears, and much off its all time high previously mentioned $64,000 that it strike a thirty day period in the past.

Volatility is baked into the nascent cryptocurrency sector, but the electronic assets’ explosive development in the previous 12 months has attracted hordes of beginner and professional buyers wanting for a rapid financial gain. Several of them journey an upswing and get out, or stress sell when points convert bitter, exacerbating gains or losses.

This 7 days, a combination of aspects, which include government warnings about increased regulation and tweets from influential market place mover Elon Musk, additional gasoline to an previously jittery sector.

What took place?

The crypto current market had been specially shaky for about a 7 days in advance of the crash on Wednesday.

On May 12, bitcoin fell 12% right after Elon Musk walked back again Tesla’s motivation to take bitcoin as payment, citing fears about the crytocurrency’s substantial carbon footprint. Musk extra to investor stress and anxiety previous weekend with a pair of seemingly contradictory tweets about bitcoin that still left investors scratching their heads.

Then the significant crash came

Week Six Power Poll: 1980s Saturday morning cartoon villains

I’m a child of the 1980s, actually born in 1980, and my childhood in Chicago’s southwestern suburbs was pretty idyllic. Before my Saturday mornings were spent watching ESPN College GameDay, I enjoyed watching cartoons on network TV on Saturday morning! (I didn’t get cable until the mid-90s when a bolt of lightning hit the antenna on my roof and fried every tv in the house).

Saturday morning cartoons were honestly the highlight of my week as a kid, and I learned a lot from watching them. One thing that stuck with me is the memorable villains, some of whom were comical, and one in particular made me cry.

To the polls!

126 Points. First Place Votes: 9. High: 1. Low: 1. Last Week: 1

This is what made me cry as a kid. Get fucked, Megatron!

Megatron, leader of the Decepticons from Transformers, ruined a Saturday morning when he murdered benevolent Optimus Prime, leader of the Autobots. Just like Megatron, Ohio State is a villainous program that ruins careers (You might need to update your resume, Harbaugh, just sayin..) and the hopes and dreams of fans of other programs wanting to attain glory. Case in point, after Michigan State beat my Wildcats (grrr), Ohio State flat our murdered them last week 52-12.

This week Ohio State is sitting at home because of Covid infections in the Michigan program.