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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPeter Thiel Calls Warren Buffet a 'Sociopathic Granpa'
Peter Thiel Calls Warren Buffet a Sociopathic Granpa
April 7, 2022 at 9:45 pm EDT By Taegan Goddard 15 Comments
https://politicalwire.com/2022/04/07/peter-thiel-calls-warren-buffet-a-sociopathic-granpa/
"SNIP......
At a bitcoin conference, billionaire venture capitalist Peter Thiel said Warren Buffett tops an enemies list of people who are trying to stop the cryptocurrency, CNBC reports.
Said Thiel: Enemy number one is the sociopathic grandpa from Omaha.
......SNIP"
applegrove
(118,659 posts)autocracy and libertarianism fail? Does he know New Zealand is anti both? This guy is heroin-like addicted to making millions.
WA-03 Democrat
(3,050 posts)A douche from head to toe!
VGNonly
(7,491 posts)of Seasteading, his own floating fiefdom.
hatrack
(59,587 posts)EDIT
By autumn 2020, though, the situation had changed. Like many parts of the travel industry, the cruise ship business was collapsing because of the pandemic: multiple cruise lines were going into administration, empty ships filling up ports like abandoned cars in a scrubby field, or being sent to the scrapyard. Cruise ships, the Ocean Builders trio realised, would be going cheap. Sure enough, they found a bargain. In October 2020, Romundt, Koch and Elwartowski bought the ex-P&O cruise ship Pacific Dawn for a reported $9.5m. (Built in 1991 for $280m, the ship could have sold pre-pandemic for more than $100m, one industry insider told me.) They instructed Olthuis to draw up the plans, placing the ship at the heart of a floating community surrounded by SeaPods. We had a kind of funny idea, Olthuis told me. In his scheme, the Satoshi would connect, via two looping tunnels on the water, to human-made floating platforms designated for agriculture, manufacturing and parkland. From the air, the whole community would form the shape of the bitcoin B.
EDIT
One Reddit respondent maxcoiner on Reddit, Luke Parker in real life was as close to the target market of the Satoshi as it was possible to imagine. A longtime follower of the seasteading movement, he was also such an early and successful bitcoin adopter that he and his wife were able to retire early thanks to their investments. The Satoshi was the most plausible idea for a seastead hed ever heard. I did not buy a room during the Satoshis sale window, he told me over email, but it was hard to keep my hand off that button. A variety of considerations held him back. The wife, as he put it, had her doubts. He wasnt sure about the ginormous leap down in luxury from living in deep residential comfort on land in the US midwest to living in a very small cabin on board a 30-year-old cruise ship. He was worried, too, by the limited facilities No kitchen of my own? Tiny bathrooms? Tiny everything? Also, the constant rocking of the ship on the water: I just cant stomach that life around the clock. He preferred the idea of the SeaPods. If Parker was going to live on a boat, he concluded, hed prefer to buy his own luxury catamaran.
EDIT
As soon as Capt Harris joined the ship and met Koch on board, he realised there would be challenges ahead. I was thinking a week into the job, I can see Im going to be resigning, Harris told me, immaculate in a striped shirt on a video call from his home in Kent. Koch, he said, was admirable in his ambition, and a likable, law-abiding man, but he was naive about how shipping worked and had an abhorrence of rules. He didnt understand the industry, said Harris, who has the frank, upbeat air of a born leader for whom hierarchy is a kind of creed. He just thought he could treat it like his own yacht. To sail anywhere, Harris explained, a ship requires certificates of seaworthiness. These expired on the day the deal with P&O was completed. Usually, a new buyer would ensure they lasted a couple of months to cover any onward journey, but no one on the Ocean Builders side had checked. By the time Columbia Cruise Services came on board and informed the team of the situation, the contracts had all been signed. Before the Satoshi could cross the Atlantic, the team were obliged to sail the ship to Gibraltar and have her removed from the water, a process known as dry-docking, to perform essential repairs and renew the certificates.
EDIT
But while Panama was happy to have the ship moored off its coast, it specified that the ship had to remain officially designated as a ship. Which led to another difficulty: the discharge of sewage. Though the ship had an advanced wastewater management system, which could turn sewage into drinking-quality water, they were not permitted to discharge this wastewater into Panamanian waters, and so would have had to sail 12 miles out every 20 days or so to empty tanks into international waters. Such obstacles made the ship an off-putting proposition for insurers. No one would agree to cover them. They wouldnt even tell us why we werent insurable, they just kept saying no, Romundt said. Its kind of hard to remedy something if you dont know what the problem is. Of the several insurance experts I asked about this, none were willing to comment on the case, citing a lack of expertise, presumably because no one had ever tried to insure a cruise ship turned floating crypto-community before. Harris, however, had his theories: that a risk-averse insurance industry was wary of both a bitcoin business and a ship that would presumably be mostly populated by quick-to-litigate Americans. After trying multiple insurers and brokers, Romundt began to realise that the cruise ship industry was, as he put it, plagued by over-regulation. (Along with airlines and nuclear power, according to Harris, its in the top three.) The Ocean Builders great freedom project, whose intrinsic purpose was to offer an escape from oppressive rules and bureaucracy, was being hobbled by oppressive rules and bureaucracy. As Elwartowski would reflect a few months later on Reddit: A cruise ship is not very good for people who want to be free.
EDIT
Fuel alone was costing the Ocean Builders trio about $12,000 a day. According to Harris, Koch wanted to try to make the ship more fuel-efficient by installing a smaller engine, which he thought he could do while the ship was at anchor. We were like, how are you going to cut a hole in the ships side big enough to get the engine out, which is below water level, and not sink the ship? Harris shook his head, his memories of Koch clearly fond, if perplexed. I was forever saying, No, Rudi you cant do this; no, Rudi you cant do that. Before the Satoshi hove into view of the white sands of a Panama beach, Romundt, Koch and Elwartowski had to make a call. They couldnt afford to keep the ship moored and empty for months on end while they tried to solve the insurance problem, a problem they werent even sure theyd be able to solve. They were insured to sail her, and they could go on sailing her, but they didnt want to run a travel company. They wanted to run a floating society of like-minded freedom-lovers arranged in the shape of the bitcoin B. It wasnt even clear that there were enough people who wanted to do that. Koch admitted to Harris that the cabins werent selling.
EDIT
https://www.theguardian.com/news/2021/sep/07/disastrous-voyage-satoshi-cryptocurrency-cruise-ship-seassteading
Hekate
(90,686 posts)I_UndergroundPanther
(12,470 posts)A huge hurricaine barreled right into thier
silly seastead. Only a incompetant sheltered billionaire would think something this fucking stupid as seasteading would work in real life. 1 rogue wave and the little seastead would be washed into oblivion.
Maybe we should encourage billionairs to seastead.. more.
Dorian Gray
(13,493 posts)(It's almost like QAnon fights against everything that the people who fund their politicians support. Weird disinformation projection. Almost like they know the proclivities of the people in power of their movements and project it for all to see. Almost like..... )
WA-03 Democrat
(3,050 posts)Is a hack. No talent silicon hype machine. Go live in your cave in NZ! Traitor and Elons buddy.
JohnSJ
(92,190 posts)ymetca
(1,182 posts)is correct, of course, in his perception that cryptocurrency is rife with corruption and fraud. It also burns copious tons of coal to "mine" those "coins".
Cryptocurrency is quite literally the definition of burning down the planet for profit.
applegrove
(118,659 posts)ymetca
(1,182 posts)facility in Montana installed right next to a defunct coal power plant, which they brought back online just to fuel the computers, which are installed in shipping containers with holes cut out so the fans can blow out all the hot air. They don't air-condition them at all --just run them until they burn out and then replace them, which is cheaper.
Death Rattle, Final Stage Capitalism --just burning coal for imaginary value, in an imaginary world.
applegrove
(118,659 posts)in Canada a few years ago and how the owners liked how cold Canada was and it kept the heat from the machines down. I just assumed they needed air con elsewhere. Still fans use coal to run too. Thanks for correcting me. Burning coal to fulfill an unessessary set of fictions indeed.
ymetca
(1,182 posts)so they can avoid a/c, reducing costs.
They're basically exploiting cheap coal, and I very much think there are some in that industry helping to bank-roll the idiocy, trying to squeeze every last nickel out of those burning pits, and hastening our atmospheric chaos.
Crypto-mining got so out of control in China that the government banned it entirely, as it was sucking too much power, requiring too many new coal facilities to be built, stressing urban grids, and so on.
But I bet they didn't close them all.. Governments are hedging their bets. But at what cost?
Dawson Leery
(19,348 posts)Libertarian scum create ways to screw over people.
LiberalFighter
(50,928 posts)LetMyPeopleVote
(145,242 posts)Thiel is an asshole and not that bright
Dorian Gray
(13,493 posts)Thiel is a disordered whacko who has a lot of money and is buying the influence of a lot of other whackos out there.