this post was submitted on 27 Oct 2023
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“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!

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[–] WaxedWookie@lemmy.world 4 points 11 months ago

Looks at towering pile of timelines Musk has committed to and failed to deliver on.

I've got just the spot for this news.

[–] IchNichtenLichten@lemmy.world 4 points 11 months ago

Nope, not even for a free pony.

[–] vasametropolis@lemmy.world 4 points 11 months ago* (last edited 11 months ago) (4 children)

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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[–] Noit@lemm.ee 4 points 11 months ago

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.

[–] roo@lemmy.one 4 points 11 months ago

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.

[–] Gerula@lemmy.world 3 points 11 months ago

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

[–] Kbin_space_program@kbin.social 3 points 11 months ago

It already exists, it's called Wechat. And it's run by Winnie the Pooh.

[–] Jinfox@lemmy.world 3 points 11 months ago

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

[–] JoMiran@lemmy.ml 3 points 11 months ago
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