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In what sense does Bitcoin have high liquidity?



I know what market liquidity is, but if I were to purchase or sell large amounts of Bitcoin I think it would definitely affect the price. I don't think Bitcoin has high liquidity at all.


> You know, back when you could really feel what a car’s doing, blah, blah, blah.

There is an argument to be made for this. In most new cars, whether ICE or electric, electric power steering racks have almost removed all feedback through the wheel.

Feedback is good, it communicates what the wheels are doing, what the road surface is like, what traction is like, etc... and I'd argue that good steering feedback is important for safe driving.


There is an argument to be made for this.

There most certainly is, for a tiny, tiny minority of people who buy cars. That’s why I used it as example. Picture the older middle-aged guy going on about how “cars back then..” until your eyes glaze (and if you’ve met me, you’ll have a working example). Yeah, nobody cares, old man, my ‘08 Corolla was cheap.

I already typed this before you deleted, so I’m putting it here. :-)

In summary, I think “feel” matters to a small number of people. To those that notice (I count myself amongst them), it’s pretty important. To the vast majority of drivers I think that as long as the car gets them to work it’s good enough.

The reason I used it as an example is because the ones I find that will argue the importance of “feel” are old, rambling guys like me. IOW, I was originally making of myself to some degree.


You could argue that it’s not that drivers don’t care for good steering feedback, but most drivers never get to experience good steering feedback and therefore don’t know what it is and how much it improves the driving experience. It’s kind of a Catch 22.


You've hit the nail on the head. I'm a performance fan who pulls his car apart to make it exactly the way I want. However, I recommend the 3 (once the price comes down a bit) to friends. If you want a car that makes transportation easy, Tesla is winning that race. I'd love to see other electrics catch up.


I bought an E46 M3 for mostly this reason (feel), and also because it's old enough I can still wrench on it. There's nothing like feeling the road in a car built for it.


I'm looking at getting an E46 330Ci and converting it to a track car. I found a fantastic example for £2,250.


Lithium ion batteries are both toxic in production and disposal.


The first version of your post said that lithium ion batteries were toxic in production and disposal (both claims entirely false). You've now changed the entire comment to CO2 output for battery production (even though battery production will continue to decline in CO2 impact as grid energy sources continue to tilt towards renewables).

> Therefore, the study has calculated that a fossil fuel vehicle can currently drive for more than eight years before it reaches the same environmental impact of a Tesla. For the Nissan Leaf, with its smaller capacity battery, this figure comes in at three years.

Both Teslas and Leafs will be on the road beyond the eight and three years you quoted, putting their production at a net positive even before the above mentioned improvements take place.


Apologies, I thought I’d edit a useless, incorrect comment into something useful and contributive to the discussion. It wasn’t an act of manipulation or deception.

I have restored the original comment.


If you do that, it's common on HN to include a note regarding how you changed it, particularly if the edit is substantive.


I’ve removed the offending sentence from my comment as well regarding intent. My apologies for not assuming positive intent.


Most non-car folk synonymize performance with acceleration, when in fact acceleration is arguably less important than braking and cornering.

After all, what good is being able to go fast in a straight line if you can't brake or carry that speed through the corners?


Exactly. And, with very few and very expensive exceptions, electric cars are useless at this. Electric cars have objective selling points, but I cringe every time I hear someone describe them as having "good performance".


Most mid priced ICE cars are also terrible at performance. Comparing a Leaf to a performance car like a BMW or Audi is nonsensical. They are targeted at completely different market segments.


Performance can also be relative, subjectively. My daily driver, a 2004 model 2.5L turbo diesel long wheelbase six-speed auto T5 Transporter, is at the workshop waiting to have a short length of wire that runs to the starter motor replaced. I'd do it myself, but talk about an inconveniently layed out engine bay. I digress. As far as vans go, it's fun to drive and has a bed in the back!

A friend loaned me her 1999 Vectra B[1] wagon, five-speed manual 2.2L 108 kW. Compared to the van, it corners like it's on rails! With myself behind the wheel of the Vectra I reckon I'd eat the E90 320i 115 kW[2] auto she replaced it with.

So, neither of these three vehicles are performance cars, but they're all quite fun to drive. Though I do toy with the idea of getting a Miata.

1. https://en.wikipedia.org/wiki/Opel_Vectra#Vectra_B_(1995–200...

2. https://en.wikipedia.org/wiki/BMW_3_Series_(E90)#Petrol


Thirty five million people live in Florida, where the roads were laid out using graph paper, yet they still buy, and pay good money for, sports cars where the focus is on handling. The best bang for the buck here is acceleration.


> all of the ICE cars look with steam coming out of the exhaust on a cold morning

but the cold-start is the best part!

reference: https://www.youtube.com/watch?v=exenWWOK_2o


I agree, I think we have at least another one, perhaps two decades with gasoline engines. The sad news is that displacement will continue to get smaller, even in sports cars. The transition from the Porsche 981 to 718 is a great example of how to ruin the perfect sports car.


Boeing could have chosen to compete with the A380 and built their own Superjumbo, but they chose not to, instead working on the Dreamliner.

The 744, which was the last update to the 747 to see large market penetration, wasn't all that cost effective either:

> with 70 percent of its seats occupied, used more than 95 percent of the fuel needed by a fully occupied 747

Yes, the A380 is more fuel efficient, and cost per seat is much lower, but I suspect with the exception of Emirates, most airlines did not need bigger planes. Other airlines such as BA, Quantas and Singapore bought A380s to replace their oldest 744s, but still have a lot of 744s in service that won't be replaced with A380s.


Qantas will be retiring all its 747s in the next few years as their replacements, a mix of A380s and 787s, come in.


I expect Qantas have all the A380s they’re going to get (twelve). They originally planned for 20, but their eight remaining orders are postponed indefinitely.

The 787 will be a big part of their strategy from here on in. Their first has finally entered service in the last month or two.


> Quantas

Just as an FYI, it's Qantas, originally QANTAS - Queensland and Northern Territory Aerial Services.


Sorry, I know this, should have got that right the first time!


The insurance policy for you and your family costs $20,000PA? I don't know about you, but to me that is madness. My private health cover with Bupa costs me less than $1200PA.


This happens quite often to me! I ask someone a question and get a super enthusiastic answer!

If it’s something I’m also interested in then we go to town, otherwise I tend to listen to the other person for a short while, perhaps ask them one or two more questions on the topic, then bring the conversation back to something else. It could be about that event or place we’re in, or some kind of tangent based on what has been said earlier in the conversation.


I used be like that when I was at school. I was addicted to Modern Warfare and later Modern Warfare 2 to the extent where I almost got kicked out of school because I was getting such poor grades.

I’m now a functioning adult and find it hard to get into video games, not because I fear I’ll get addicted but I just don’t get the same dopamine hit from games like I used to. I drive on race tracks to get that hit now.


Yeah, same here. I used to be "addicted" to videogames but nowadays I don't play at all. I fly planes and going to start racing next year.


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