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1 sat \ 2 replies \ @Public_N_M_E 1 Sep 2023 \ on: I have an Elon Musk theory... bitcoin
Not that farfetched really.
I don't understand how/why buying a social media site contributes to that "mission". But Elons a narcissist so it could have very well been an ego buy. It would be good to see a billionaire step up and have the financial weight to actually make a difference. But when the system is built to benefit the rich. Honestly I see even those with the best initial intentions being caught up by greed in the end.
My guess is it works out more cost effective to buy an existing network of customers than it does to build from scratch.
Honestly, I don't think it was a bad move considering all the options. I do think he got the timing wrong, overpaid, pissed off a lot of people and still has a long way to go. It's like trying to transform a submarine into a space ship while people are still on it.
Many have doubted Elon before but I wouldn't bet against him.
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For sure. You raise a good pov. I also wouldn't bet against him. You don't become a billionaire by dumb luck.
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