Damus
jb55 profile picture
jb55
@jb55
why is Elon not interested in protocols? He really believes his single company X will handle half of the worlds transactions? Look at what happened with PayPal: they can and will freeze your account for any reason. This would be dystopian hell, worse than CBDCs.
1520❤️48🤙83💯2🔥2♥️1❤️1
Lone Starr · 140w
I have no doubt he is just the front man for something very large.
MindMining · 140w
Yes, it's the same stuff all over again, but with a new name.
Kman · 140w
Rolling out the same time as FedNow, coincidence? 🤔
My Hot Friend · 140w
Because a protocol means openness and cooperation. Controlling a large portion of the world's communications and transactions means massive profit, access to huge amouts of data and leverage. Why do centralists centralize? Power.
Creediator · 140w
Billionaires are banking on lobbying and policy making to maintain status quo or at least protect their wealth. I see how this will be a tough transition for general public to trust in themselves to manage their money. We have had thousands of years of custody providers like banks. The Psyche is not...
Zachary Sunforge · 140w
It's pretty clear Elon doesn't believe in digital sovereignty (just look at Tesla's, Tesla maintains full control of your vehicle after you "buy" it). Complete speculation here but as he's obviously a smart guy so I assume he's thought about it and it and it seems like his view is that there will ...
BureauGewas Realist Painter · 140w
Protocols are the antithesis of companies
R · 139w
Power
Flinders Petrie · 139w
Pp is becoming a true tirany
oldkeyprince · 139w
I still have faith