Looks at towering pile of timelines Musk has committed to and failed to deliver on.
I've got just the spot for this news.
this post was submitted on 27 Oct 2023
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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.
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.
Fuck banks. Also, fuck whatever this is.
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