What's Elon Musk up to and another Bitcoin millionaire goes rap

in #money7 years ago

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Good morning everyone! Another Thursday, another day to tackle!

So what's going on in the world of Elon Musk? Do you remember the casual tweets from Musk, when he promised to start producing a flameflower for retail, if 50K of his Boring Caps (from the Boring Company) sold out? Well, the caps sold out and the casual tweet turned into something more - Musk does not joke around and the flamethrower was born.

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boringcompany.com

20 000 flamethrowers sold out like poof. A great marketing stunt and fun at the same time - whether Musk is a genius or are his ideas just crazy - let it be everyone's own decision. But now Elon is out with another crazy idea. What can be as crazy as selling flamethrowers to civilians?

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Well, many here already know that Musk's SpaceX set out years ago to revolutionize space flights and make them more affordable, by re-using rockets. By today they have done over 50 test flights. Some landings have been great, some not so much, but now Musk is planning to bring a rocket upper stage back to Earth from orbital velocity using a giant party balloon.

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What's a rocket upper stage? Wikipedia has an answer for you - it's basically the last part of the rocket remaining, when the lower parts have done their part in boosting and detached. For a more extensive explanation, head to Wikipedia to read up on multi-stage rockets.

A multistage (or multi-stage) rocket is a rocket that uses two or more stages, each of which contains its own engines and propellant. By jettisoning stages when they run out of propellant, the mass of the remaining rocket is decreased. This staging allows the thrust of the remaining stages to more easily accelerate the rocket to its final speed and height.

Okay...bring it back using a party balloon. Sounds like a regular thing to do. But surely one shouldn't stop here, when he's got our attention?

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Yep, then land on a bouncy castle. The man knows how to get attention. The exact details of this endeavour are yet unknown, but as Musk has proved in the past, what he says, he usually does, so expecting this event to be in the spotlight as it happens.

Sources:

fortune.com
This is gonna sound crazy, but...


Who's Arya Bahmanyar? Well, he's your regular bloke from New York, only thing that separates him from most of us that he put his life savings into Bitcoin in 2013.

One random night out at the bar was all that was needed for Bahmanyar to change his life. Having a simple sip at the bar one late night he came into a discussion with some Bitcoin preachers and was hooked immediately. After checking the Bitcoin price almost daily for months, he had to switch jobs multiple times and do various life changes, until his precious Bitcoin was forgotten.

Fast forward to 2017 when Bitcoin is trading at $6000 and a distant relative reminded him about his holdings and Arya Bahmanyar was born again.

Today he has dropped everything else and raps under the name Coindaddy, with singles like "Holding the Bag" and "Alt Season". Any good? You be the judge. But let this be a reminder for you what long term investing can do for you.

Original story found via btcmanager.com



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