![]() ![]() He who owns Twitter controls who the next government is and that man is Elon. Perhaps, Elon really thinks he has no choice but to act. A bitcoin or Doge or similar network with an identity layer on top could be very interesting.Įlon claims: “Must be done for the future of civilization, without which nothing matters” which is plausible. The idea being that $MA, $V are not so much in the business of facilitating the movement of money as in the prevention of fraud. Harshvardhan (Trust Capital) alludes too – the value for transactions is not in the moving of money/entries in a ledger, but in fraud reduction through identity verification/KYC. ![]() Possibly related, the largest PE firm – Apollo Global is also focussed on identity & payments. He claims to have developed the blueprint during his days at ‘x.com’ (the pre-cursor to paypal) relatedly Twitter is owned by ‘X Holdings Inc’. Elon says that he knows how to make a better Paypal – a business that could be the world’s biggest/most valuable financial services company. Elon’s longer term vision for Twitter is to use it as the base for his next generation identity & payments platform (apart from being a useful digital town square for ‘most’ people). ![]()
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