this post was submitted on 27 Oct 2023
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692
Elon Musk gives X employees one year to replace your bank - ‘You won’t need a bank account... it would blow my mind if we don’t have that rolled out by the end of next year.’ (www.theverge.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 4 points 1 year ago (1 children)

Interesting tension there between "rich white assholes are above the law" and "don't fuck with rich people's money".

SBF found himself on the wrong side of that one...

[–] [email protected] 2 points 1 year ago

He emulated a crypto version of bank and hedge fund, but for some reason failed to see that he had to stay solvent when the FED can't save him.