Yeah he won’t be able to do business in the uk for sure.
this post was submitted on 27 Oct 2023
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Yanis Varoufakis said a while back that Elon is trying to replicate China's Wechat, which basically does all this. Owning digital platforms and having total control over them is now the best way to make money, and Elon basically wants that for everything.
Introducing Xcoin! Dont worry, Musk premined them all and is staking them so that you know they're high value!
I’ll pass, thanks
Is he gonna channel all that sweet income into supporting Dickopedia?
Musk, CEO of Tesla and X (formally known as Twitter) causes catastrophic bank run, says "it doesn't matter they can just use X now." Join us at 11 for more.
He's trying to turn Twitter into WeChat. A near universal app everyone uses for chat, payments, etc.
He's a grifter. All he needs is a routine bet from a billion people and he potentially pays back on loans. He thought it might be possible with subscription, but he's considering a way to emulate previous cryptocurrency manipulation now.
Looks at towering pile of timelines Musk has committed to and failed to deliver on.
I've got just the spot for this news.
Nope, not even for a free pony.
He's not wrong in this case, it's doable. There are many startups building similar services with arguably fewer starting resources. You should run completely in the other direction, but it's not impossible.
Credit products, especially virtual, are easier to create than ever thanks to companies that have built out that infrastructure. Chequing can be facilitated and held by a major bank under the hood in most cases.
It might not be his end game, but it's definitely possible. Now, forgive me while I weep for anyone that uses it if they manage to deliver it.
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I set up a play-money prediction market on whether this would happen, and it doesn’t look like many people have faith in Musk to pull this one off.