He's absolutely not going to hire the legal and engineering team required to do this too lol
I would laugh so hard if he burns out his staff doing this and the FTC or SEC or whatever just goes "Lol. No."
While that debaucle is ongoing and the people who stayed on are struggling from losing all their money, Elon will present his brand new brain baby to alleviate their problems and it will just be company scrip.
the website that breaks, has no moderation, has full versions of pirated movies, and constantly shows me nazis should also control my money
Comrade Elon trying to make the Nazis who complain about Jewish bankers into bankers themselves
critical support to elon in his protracted peoples war against elon musk fans this time by losing all their money
One thing I find very strange about the actually existing information age is that most "tech" doesn't even solve a problem, or improve upon an existing system. It's all just selling solutions to problems you don't have or problems the seller created in order to sell you the solution. Most "tech" companies haven't really made any improvements to anything they own in a long time. It think the it's odd/frustrating that improvement to existing solutions is far less "valuable" than new "features".
It's also interesting to me that "tech" companies aren't even really technology companies anymore. "Innovation" is just a buzzword rather than actual goal/objective. They want to just make new "things" rather than actually improving any current things
The modern age is weird and I don't like it.
That's the problem with humans having limited needs while the market needs unlimited growth. The only answer after a certain point is inventing demand.
for example computer chips are now cheap enough to put inside household appliances it just turns out that almost no one needs or wants that
we could use this to create technology to assist the disabled and elderly caring for themselves but that's not a big enough market so stupid bullshit it is
Like home security cameras are fine if part of a isolated network, but instead we get people broadcasting the inside of their homes to these tech companies that watch the footage and hand it over to the cops proactively.
we could use this to create technology to assist the disabled and elderly caring for themselves but that's not a big enough market so stupid bullshit it is
It's really frustrating that we have the know-how and resources to make technologies for making all sorts of people's lives safer/easier/better but because it's not "profitable" we don't. It's really maddening to me that we have all the assets and knowledge but not the will due to "THE MARKET©®™" deems it to be unprofitable.
yeah it's pretty deeply tragic like the people dying in Africa of diseases that there are cures and vaccines for but copyright law and the fact they aren't a big enough market to justify the cost of setting up a factory to make the medicine they need means they just die
And specifically, inventing demand by removing alternatives. Like with IoT devices. They invent demand by removing alternative designs, raise the price because it's premium, then use those devices to spy on your and sell data to create a sort of rent based model where you pay with your privacy.
Alternatively they just refuse to even sell you the IoT device and force you to rent it from them.
IoT stuff is so frustrating, because the useful aspects are overwhelmed by the need to make it profitable. I DIY'd an environment tracking setup totally local on my network to keep track of things like temp/humidity because I've got some sensitive acoustic instruments and I need to know when they need to go in their case/get a wet sponge/break out the dehumidifier. Now I have a historical graph of temp/humidity/air quality cycles in my apartment.
I bought a "IoT" power strip because I wanted individually addressable outlets for things like lamps and monitors and centralize the interface but fuckin TPlink took away the python API access and requires an account and so it sits in its box until I can possibly reverse engineer it enough to either write my own firmware or just hotwire the relays for my own purposes.
Could you get around that API limitation by routing control through OpenHAB or Home Assistant?
The only way to control it currently is via an app you need an account for so it removes any ability to be an offline device. Its within my skillset to dump the flash and try to patch it, it should be running some embedded linux firmware going by the mediatek chip in the FCC declarations.
I've just had other stuff going on and didn't feel like dealing with it after the initial disapointment. There is the possibility of regaining the python api but that still requires making a tp-link account and connecting the device to the internet period, so I'm not a fan.
I'm sad that there aren't more "generic" devices out there that just use standard free protocols
For real, so many proprietary applications that will almost certainly just lose support within the decade, rendering the device useless if it can only be used with that particular app.
Great point man! I didn't even think of it to that sort of scale/perspective.
For what it's worth, it's not at all an original observation on my part, you can find it in Marx and co and in later writers like Guy Debord.
Just kind of reinventing the wheel (but worse). A series of systems that have begun to turn ingrown
When Twitter came out, there were blogs. Everyone could write articles on their blog, ans RSS allowed everyone to follow anyone.
Then a new company said : "We will make blogs, but limited to 127 characters"
That was so stupid. I bet with a friend that it will never be a thing. I lost.
must suck to be on an H1B visa and work for that piece of shit.
i would seriously think about [redacted] and leaving the US if it looked like i'd get caught
time for my annual "reassuring investors that everything will be ready by the end of next year" tour
In the latest quarterly earnings call for Tesla he got weirdly animated and emotional over work from home and it seems like he believes his own lies where he was sleeping on the factory floor for a while.
People in the comments here have not understood that headline.
Musk want X's employees to design and develop financial and bank features into X, not change their personal bank. X's employees are tech workers
https://www.theverge.com/2023/10/26/23934216/x-twitter-bank-elon-musk-2024
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I don’t need my bank to be powerful, I need it to be secure and follow regulations.
I think even the Musk fanboys wouldn’t trust him with their money.
And that makes him even more delusional. He thinks he can make PayPal 2 in 2023
Musk promoting products that will be available next year lol.
I hope the tech bros all invest and lose their money.
my man is still big mad that paypal wasn't called X and is literally just relitigating that decades old argument
If he wasn't the dumbest man alive I'd want him to succeed just to hurt Peter Thiel.
It's just weird wording. They mean that X.com employees have a year to turn X.com into the hottest new bank.
yea i don't think employers have access to whether employees have an open bank account.
e-wallets are not a bank replacement, it is used for small day to day transactions in any country.
I learnt from a BadEmpanada vid that some streamer kept all his money on a PayPal account that eventually got hacked. He did not have a bank account.
I have had several people in my not especially large immediate friend group who have had between hudreds and thousands of dollars stolen, I'm sorry I meant frozen, by PayPal for no reason and with no recourse. Never keep your money in any kind of fake pseudo-bank. Either a real, bank, or Iraqi dinars, nothing else.
The article is about development of financial features into X, not changing employees banks. He wants to change YOUR bank
He's smoking meth if he thinks I'm leaving my credit union for something his fingerprints are on
Even if he launched a bank that did everything correctly and had no issues, the only way he's convincing people to switch is by offering something other banks don't. Something like giving out billions in credit that other banks won't.
No way is that happening. This is just gonna be a second rate alternative to Venmo.
what if we all got loans from his shit bank and didn't pay them back
16 bits
What do you get?
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I sold my soul to the X Store
your boss can't tell you how to spend/save your money. If that headline isn't hyperbolic, he's opening himself up to lawsuits
The article is about development of financial features into X, not changing employees banks. He wants to change YOUR bank
Imagine that, giga-rich megalomaniac wants to get into banking... For totally legit reasons, because, you know.... Banking as it is doesn't work at all.
Love him or hate him you have to admit no one has worked nearly as hard as Elon to dismantle the myth of meritocracy.
no one has worked nearly as hard as Elon to dismantle the myth of meritocracy.
You mean
nearly the least hardest as Elon to dismantle the myth of meritocracy.
