Technology

Let's trust all our saving to this dude making random decision, wannabe memelord, who just sank 40 billion of his own money on a bet. All that just to take revanche on PayPal who threw him out of the board because they didnt trust him and his idea to have a company called X

Fuck banks. Also, fuck whatever this is.

This is the best summary I could come up with:

Elon Musk wants X to be the center of your financial world, handling anything in your life that deals with money.

He expects those features to launch by the end of 2024, he told X employees during an all-hands call on Thursday, saying that people will be surprised with “just how powerful it is.”

“When I say payments, I actually mean someone’s entire financial life,” Musk said, according to audio of the meeting obtained by The Verge.

The company is currently working on locking down money transmission licenses across the US so that it can offer financial services.

“The X/PayPal product roadmap was written by myself and David Sacks actually in July of 2000,” Musk said on Thursday’s internal X call.

“And for some reason PayPal, once it became eBay, not only did they not implement the rest of the list, but they actually rolled back a bunch of key features, which is crazy.

The original article contains 400 words, the summary contains 153 words. Saved 62%. I'm a bot and I'm open source!

Damn, the idiot has been loose eating Tide pods again ...

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.

Pffffffffffffffffffffffffffffffffffffffffffffffffffffff 🤣🤣🤣🤣
Thanks, I needed a good laugh..

Sounds to me like a attempt to move toward Scrip.

Here’s their potential path, maybe ….

I have no idea the limitations of this approach, if any, but just experienced it a few days ago. I bought something expensive online, and the timing was sensitive, else I’d lose out on a lot of money. Then I got down to the final payment. It made me really nervous and would have reconsidered if I knew about it, but the final payment could only be done through bank transfer, but they wouldn’t let me provide the standard routing and account numbers. They had a web app that brings up your banking app, has you login to that, and appears to scrape data. They were able to see my accounts and balances, as well as initiate the transfer. This was so scary, exactly like I’d expect malware to be.

Bviously I changed my passwords immediately and verified there was only one transaction and exactly as I’d expect. However yes, they controlled my bank8ng without being a bank and without any apparent cooperation from my bank. All it takes is normalizing the behavior that will get us all robbed of all we own