maverick-iceman

You are already paying the EV much more than an ICE (meaning you are basically buying all the "fuel" upfront)

You have longer times of recharge (20-240 minutes) vs a 35 seconds gasoline splash and go

Unless the US goes full Norway and decides to ban Gas cars in city centres , then you'd be getting an inferior product at a higher price point

That's the hard truth

Ok so basically the accusation is that they said to the bank they were consultants/service company and did not disclose crypto

Back in the days banks would have meant they were in the cryptography sector or something.

Also why is this US business?

The US should be careful not to weaponize the USD, SWIFT DTCC or the correspondent banks network.

The world entrusted the US with said institutions (as well as the UN, World Bank, IMF) because the US never weaponized them, and never went after thought crimes.

The US can't stand Tether, more specifically it can't stand Crypto....so it is trying the same thing which pulled off with Microsoft in 2000 and with Standard Oil back in the days...only this time the population won't be onboard with it because there is no richer than god man in the high castle to point at .

Sex is the reason why you'd do the vasectomy

Even 1-2% of failure or constant testicular pain is too much

> The biggest difference to explain that, I would say, is that a scientific/engineering advancement can deliver value magnitudes greater than development cost

Nothing fungible will come out of this Jupiter mission and you know it.

If this was education budget or brain research I'd totally be onboard with it.

> and why should everything be about quality of life? It is an important point, but not the only one.

Because quality of life gets everybody on board. This sort of expeditions are paid for with the money of people who don't agree with the spending.

These people are generally talked some sense into when they disagree with military spending, or infrastructure spending or entitlements spending. The theme is always "even if you don't benefit from it yourself, people around you do and so over time will you!"

A leftist version of trickle down, I call it trickle up or trickle laterally. I can see the point in having a discussion.

The talk doesn't even happen with space, it seems like if you are for containing space spending you hate America or something

Usable knowledge to improve quality of life.

And no, hope and hype about Europa being able to sustain life is not quality of life. It's a sugar high you get when you read the news or see the anchor losing it on tv.

What is there for us on Jupiter? Nothing.

The progress which matters always happens in some guy's brain. Imaginary journeys, not real ones.

Einstein didn't need to travel around massive objects to come up with relativity.

The cost of that theory was basically the rent, food and water for him.

People who mention savings are incorrect. They should talk about reduced loss.

This mission is a total financial loss until proved otherwise.

As of today the only people who managed to make money in space are the brokers and lawyers who negotiated private tourism trips to the ISS in the 90s and again this new wave of space tourism.

There's an irrational exhuberance about space in my opinion

I mean equity market price, not equity book value.

Equity market price embeds every information about the company.

> as the car business requires a lot of capital

And thus it's a bad business by definition, which doesn't merit billions of capital investments.

Even if the investment thesis is that the whole world is rooting for them, and government will turn lots of blind eyes because of the "green mission", and they'd be first in line ESG funds allocation of capital...

Still all those elements don't propel you to SaaS type margins such as Google or Microsoft or Facebook.

Frothy valuations for companies which are building stuff in the real world are driven by the promotional power of said stuff and the CEO marketing ability, in fact people are fascinated by cars, it looks cool and it's out there in front of you.