Hive's Next Step Forward: Smart Contracts
In this video I discuss how we need to add more smart contract capabilities to Hive. This is done at the second layer for reasons outlined in the video.
▶️ 3Speak
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Ok, so I actually started the video and it is the wrong one (it is about VW) - please fix :o)
Now I also checked it, and is indeed about the volkswagen. Funny how the post has 286 upvotes, and only one person notices this. Probably only a few people are actually watching the videos. I also rarely watch videos. I mostly read the posts and the comments, and if I have something to say, then I also write a comment.
I was watching it and I also think it's the wrong video. I wonder if it's another 3speak issue or not.
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Your thoughts on Tesla and VW are interesting but I was curious about the smart contracts too :) !PIZZA I am looking forward to getting a CyberTruck one day in my imagination.
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Summary:
In this video, Task discusses how Volkswagen is eliminating itself as a competitor to Tesla by canceling the plant construction that was aimed at transitioning the company into an electric vehicle (EV) producer. The former VW CEO, Herbert Dees, who was keen on converting VW to an EV-focused company, got fired after proposing an EV factory that would mirror Tesla's efficient production processes. Task highlights how Tesla's production efficiency surpasses that of VW and emphasizes the importance of scaling up production to keep up with the increasing demand for EVs. He speculates on the future of the EV market, mentioning Tesla's rapid production ramp-up and the potential impact of Chinese EV makers like BYD. Task concludes by questioning VW's competitiveness against Tesla and inviting viewers to share their opinions.
Detailed Article:
Task starts by addressing Volkswagen's exit from the competition with Tesla in the EV market due to the cancellation of a plant construction project that aimed to shift the company's focus to electric vehicles. He mentions former VW CEO Herbert Dees, who was ousted after proposing an EV factory inspired by Tesla's efficient production methods. Task underscores the stark contrast in production efficiency between Tesla and VW, pointing out Tesla's ability to produce vehicles at a substantially faster pace.
The discussion revolves around the necessity for VW to scale up its production capabilities to meet the rising demand for EVs and stay competitive in the evolving automotive industry. Task draws attention to the financial aspect, noting VW's significant debt burden as a potential obstacle to sustaining high production levels in the future.
Task then delves into the broader landscape of the automotive market, highlighting the overall decline in sales, especially in the traditional internal combustion engine (ICE) segment, over the past five years. He speculates on the shift towards EVs, mentioning Cathie Wood's perspective on consumer preferences moving towards electric vehicles. However, Task raises concerns about the availability of supply to meet the potential surge in EV demand.
Looking ahead to 2026, Task predicts a scenario where Tesla's production volume could reach 5 to 10 million vehicles annually, posing a significant challenge to traditional ICE companies. He suggests that Chinese EV makers like BYD could also play a crucial role in reshaping the market dynamics, given their relentless efforts in expanding electric vehicle production.
Task concludes by expressing skepticism about VW's ability to remain a serious contender against Tesla, likening the company's position to that of General Motors. He criticizes VW's decision to halt the construction of a high-capacity EV factory, insinuating that it may have compromised their competitiveness in the EV market.
In sum, Task's analysis offers a comprehensive evaluation of Volkswagen's retreat from the Tesla competition, the challenges it faces in transitioning to EV production, and the potential implications for the broader automotive industry's future landscape.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.