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 f...
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 there yet.