Submitted 1 year ago by AnActOfCreation@programming.dev to technology@lemmy.world
https://www.theverge.com/2023/10/26/23934216/x-twitter-bank-elon-musk-2024
“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
Well that sounds terrifying!
That’s actually pretty genius, if he’d be able to pull that off (which he most likely can’t). Since banks can invent money out of thin air, he can pay his employees in fictional Dollars and so save a ton on employment expenses. As long as there’s no bank run, he’d be fine.
You load 16 tonnes…
Retard
retard
Something about this doesn’t seem right can’t put my finger on it
you can't?
Despite my distaste for the dude, more competition is good. Imagine if he really does make cheap, near instant, worldwide transfers possible and not just to 150 countries or something, but to all of them. There's an insane amount of remittance in the system. It's the entire raison d'être for some banks. If you can enter that ranking around the middle, you'll be making mad bank.
And there’s an insane number of laws and regulations, multiplied by the number of countries. He can’t make it and he won’t make it because he’s an idiot.
Oh, he’s gonna get absolutely regulation raped. Still.
It’s already possible; Bitcoin does this.
Right? I’m happy when he throws money into shit.
This guy wants to be SBF round 2. Watch. People are going to put their CASH on X.com with no regulation or anything while promising crazy returns if you jusf deposit your funds and “stake” your US dollars as a quasi-investment in X, only to have a total rug pull job with X filing for bankruptcy and all the money being unaccounted for. He will sell it as, “we have to have this money because the ADL forced all our advertisers off the platform”. Fortunately, all that’s left of the people on X.com are stragglers and the far right/nazis, so they will just lose their money.
If you are still on X, you’re supporting an anti-Semite ultra powerful billionaire plain and simple. Musk pushing all the same talking points. White genocide, Jews are the cause of their own persecution via ADL, etc. Quit giving this guy your money by engaging on his site.
The other possibility is that it’ll be like Tesla’s self driving tech that has been coming “by the years end” since 2016 and it’s just meant to drive investment. Both are equally likely. The guy is a fucking grifter to the max. I can’t believe I used to think the hyper loop was a cool/realistic vision for the future. Fuck Elon Musk.
DessertStorms@kbin.social 1 year ago
Pffffffffffffffffffffffffffffffffffffffffffffffffffffff 🤣🤣🤣🤣
Thanks, I needed a good laugh..