this post was submitted on 29 Oct 2023
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technology

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[–] [email protected] 78 points 10 months ago* (last edited 10 months ago) (2 children)

He's absolutely not going to hire the legal and engineering team required to do this too lol

[–] [email protected] 41 points 10 months ago

I would laugh so hard if he burns out his staff doing this and the FTC or SEC or whatever just goes "Lol. No."

[–] [email protected] 28 points 10 months ago

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.

[–] [email protected] 60 points 10 months ago* (last edited 10 months ago) (1 children)

the website that breaks, has no moderation, has full versions of pirated movies, and constantly shows me nazis should also control my money

[–] [email protected] 21 points 10 months ago (1 children)

Comrade Elon trying to make the Nazis who complain about Jewish bankers into bankers themselves

[–] [email protected] 19 points 10 months ago

critical support to elon in his protracted peoples war against elon musk fans this time by losing all their money

[–] [email protected] 52 points 10 months ago* (last edited 10 months ago) (5 children)

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.

[–] [email protected] 45 points 10 months ago (3 children)

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.

[–] [email protected] 40 points 10 months ago (3 children)

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

[–] [email protected] 19 points 10 months ago (1 children)

I would have bought so much IoT stuff if they were designed to use open standards and be part of an isolated home network. They could have had a sizable if niche prosumer market, but these companies wanna go public or get acquired, so that’s not enough.

[–] [email protected] 11 points 10 months ago

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.

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[–] [email protected] 28 points 10 months ago (2 children)

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.

[–] [email protected] 25 points 10 months ago (1 children)

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.

[–] [email protected] 12 points 10 months ago (1 children)

Could you get around that API limitation by routing control through OpenHAB or Home Assistant?

[–] [email protected] 11 points 10 months ago (3 children)

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.

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[–] [email protected] 20 points 10 months ago

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.

I HATE SMART TVS

I HATE SMART TVS

[–] [email protected] 12 points 10 months ago (1 children)

Great point man! I didn't even think of it to that sort of scale/perspective.

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[–] [email protected] 16 points 10 months ago (1 children)

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.

One glaring example of this as an ongoing process is involuntary software updates that make the software worse by making it more intrusive, obnoxious, and often jamming more ads into it.

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[–] [email protected] 12 points 10 months ago

Just kind of reinventing the wheel (but worse). A series of systems that have begun to turn ingrown

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[–] [email protected] 49 points 10 months ago* (last edited 10 months ago) (1 children)

time for my annual "reassuring investors that everything will be ready by the end of next year" tour my-hero

[–] [email protected] 29 points 10 months ago

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.

[–] [email protected] 49 points 10 months ago (1 children)

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

[–] [email protected] 13 points 10 months ago

the key is leaving before it looks like you'll get caught

think-about-it

[–] [email protected] 42 points 10 months ago (4 children)

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

[–] [email protected] 37 points 10 months ago

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.

[–] [email protected] 31 points 10 months ago

And that makes him even more delusional. He thinks he can make PayPal 2 in 2023

[–] [email protected] 30 points 10 months ago

Musk promoting products that will be available next year lol.

I hope the tech bros all invest and lose their money.

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[–] [email protected] 33 points 10 months ago (2 children)

How is this not just PayPal again

[–] [email protected] 26 points 10 months ago (1 children)

my man is still big mad that paypal wasn't called X and is literally just relitigating that decades old argument

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[–] [email protected] 12 points 10 months ago

Nobody can fire him this time melon-musk

[–] [email protected] 26 points 10 months ago* (last edited 10 months ago) (2 children)

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.

[–] [email protected] 26 points 10 months ago* (last edited 10 months ago) (2 children)

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.

[–] [email protected] 28 points 10 months ago

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.

[–] [email protected] 16 points 10 months ago* (last edited 10 months ago)
[–] [email protected] 21 points 10 months ago (6 children)

The article is about development of financial features into X, not changing employees banks. He wants to change YOUR bank

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[–] [email protected] 25 points 10 months ago (2 children)

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

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[–] [email protected] 20 points 10 months ago (1 children)

Here's hoping he blows his mind 🙏

[–] [email protected] 20 points 10 months ago

Scanners (1981)

[–] [email protected] 17 points 10 months ago (1 children)

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

[–] [email protected] 20 points 10 months ago

The article is about development of financial features into X, not changing employees banks. He wants to change YOUR bank

[–] [email protected] 15 points 10 months ago

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.

[–] [email protected] 14 points 10 months ago* (last edited 10 months ago)

World's most spectacular prolonged mid-life crisis from the world's most publicly divorced dad.

"LE EPIC X MEANT INFINITY IN AN XTREMENESS WHEN I FELT YOUNG AND INVINCIBLE IN THE 90s! I AM STILL YOUNG AND INVINCIBLE AND I AM INFINITELY XTREEEEME!" billionaire-tears

[–] [email protected] 12 points 10 months ago (1 children)

Love him or hate him you have to admit no one has worked nearly as hard as Elon to dismantle the myth of meritocracy.

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[–] [email protected] 11 points 10 months ago (1 children)

Someone could summarize the latest bizarreness of this lunatic billionaire. I'm too lazy to read.

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[–] [email protected] 10 points 10 months ago (1 children)

It's difficult to quit when your working permit it connected to the company. Is this legal to fire someone over though?

[–] [email protected] 10 points 10 months ago (7 children)

Is this legal

Legality doesn't matter if someone's too rich and connected and privileged for most laws to really matter anyway.

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