The news thread

[Buck_Mulligan]

Are people really this stupid? Setting off flares INDOORS? I got two words for ya, idiots: GREAT WHITE! None of these people needed to die or suffer horrible injuries. We're regressing in terms of intelligence.

https://www.rte.ie/news/world/2025/0316/1502369-north-macedonia-nightclub-fire/

Reminds me of the Stardust, (Dublin warehouse/nightclub fire).

[Trollheart]

Yeah but the Stardust (watch for an article soon in Trollheart's Most Evil) was accidental, due to faulty wiring. These guys actually shot fucking pyrotechnics off indoors! I mean, knock knock hello! Hello McFly! Anyone in there? 

[DeepMinder]

Bloomberg Television
 Mar 24, 2025

Cathie Wood, the founder, CEO and chief investment officer of ARK Investment Management, maintains her bet that Tesla's stock (TSLA) will reach $2,600 despite concerns about economic headwinds and "noise" around Elon Musk's role in the Trump administration. She also talks about EV competition with BYD, investment opportunities in China and how investors are seeing a more deregulated environment in the US. Wood speaks exclusively to David Ingles on the sidelines of the HSBC Global Investment Summit in Hong Kong.

00:00:00 - Wood's bullish outlook on Tesla stock
00:01:28 - Why robotaxis could represent 90% of company's value in five years
00:02:35 - Elon Musk's role in Trump's government
00:04:03 - AI and new tech reshaping the workforce
00:04:44 - BYD vs Tesla
00:06:23 - China market's importance to Tesla
00:07:28 - Ark "nibbling on" Baidu
00:08:44 - Investment opportunities in China and "DeepSeek moment"
00:09:54 - Open-source software movement
00:10:46 - Why a US and China tech bull market can coexist
00:12:13 - Outlook for the S&P 500 and US economy

[Psy-Fi]

00:04:44 - BYD vs Tesla
00:07:28 - Ark "nibbling on" Baidu

Right now, my money's on BYD.
I've had my eye on Baidu for a couple of weeks. Might jump in sometime over the next few weeks.

[Trollheart]

I prefer

[DeepMinder]

Right now, my money's on BYD.
I've had my eye on Baidu for a couple of weeks. Might jump in sometime over the next few weeks.

you own any Chinese crypto?

[Trollheart]

Don't accuse him of having Asian slaves, and don't call him names like Crypto. This is your only warning.

[DeepMinder]

Don't accuse him of having Asian slaves, and don't call him names like Crypto. This is your only warning.

aye sir!

[Buck_Mulligan]

Right now, my money's on BYD.
I've had my eye on Baidu for a couple of weeks. Might jump in sometime over the next few weeks.

Cathie seems to have lost her golden touch over the last 18 months or so.
I often wonder if Warren Buffett regrets getting out of BYD early, or does he see a reach longer than a grasp. At their current rate they'll be the only auto make left in a couple of years.

[DeepMinder]

[Trollheart]

Or TS/SCI could mean Tense Scenes with Stupid Cunts and Idiots.

[Psy-Fi]

you own any Chinese crypto?

I don't follow the crypto market. Seems much too volatile for my taste. I prefer stocks & mutual funds. I was under the impression that the Chinese government had banned crypto a while back. Have they changed their policy or does the Chinese crypto market operate outside of their grasp?

[DeepMinder]

Newsmax
Mar 26, 2025

Vice President JD Vance delivered remarks at Quantico Marine Corps base about the new focus on readiness.

[DeepMinder]

I don't follow the crypto market. Seems much too volatile for my taste. I prefer stocks & mutual funds. I was under the impression that the Chinese government had banned crypto a while back. Have they changed their policy or does the Chinese crypto market operate outside of their grasp?

Cryptocurrency and China 2023–2024
In September 2023, member countries at the G20 summit endorsed a global crypto-asset regulation roadmap recommended by the Financial Stability Board.
9
 As China is a member country, its representatives agreed on the proposal, but as of August 2024, regulations regarding cryptocurrency services, exchanges, trading, use as payment, and mining have not changed.
10
The People's Bank of China. "Notice on Further Preventing and Resolving the Risks of Virtual Currency Trading and Speculation."


China's Cryptocurrency Future
In November 2021, the U.S. Library of Congress officially recognized an absolute cryptocurrency ban in China in its November cryptocurrency update.
11
 However, China's complete ban on cryptocurrency hasn't spelled its end in the country—instead, the ban has opened the door for an official digital currency backed and recognized by the government. In its fourteenth 5-year plan, the government discussed financial sector reforms, which included developing a digital currency.
12

Following the continued government interest in developing an official stable coin for use, the People's Bank of China issued a working paper outlining its approach to continued development into e-CNY (China's digital yuan).

While there is no timeline for the release of e-CNY, the government and central bank are attempting to ensure that the country's digital currency addresses the demand for digital cash and the anonymity that it brings. In the working paper, the central bank states that it considers anonymity necessary for small transactions; however, it will retain the ability to conduct anti-money laundering operations and counter the financing of terrorism through monitoring, reporting, and investigating.
13

Is China Unbanning Crypto?
Rumors about the general ban being lifted circulated throughout 2024, but as of August, there have been no official announcements regarding the ban.

https://www.investopedia.com/news/price-cryptocurrencies-totally-dependent-china/


yeah yeah no one in china hold any bitcoin "wink wink"