Topic: I will support Elon Musk if he creates a stablecoin for Twitter - page 6. (Read 811 times)
November 27, 2022, 11:52:06 AM
i'm not sure someone like Elon Musk would plan on making stable coins whereas he likes like doge coins and the like which have high volatility I might speculate a bit if Elon Musk might make a doge-like coin.
November 27, 2022, 11:41:29 AM
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. ..
Elon Musk has completely different goals after buying Twitter for $44 billion. He is trying to monetize his business, so your dream that he will start giving you free money has nothing to do with reality. It seems to me more realistic if Doge will be used for calculations on Twitter.
Its so aweful to see ppl even take elon's actions seriously, he plays for fun..
He's an entrepreneur and he spent $44 billion to own twitter and it's his business so it should come as no surprise that he's looking to monetize people. I think if we were in his position we would do the same so there is no point in criticizing him, no one spends $44 billion buying something useless or giving it to charity. Just because he knows how to make money from people cant call him greedy but because he is smarter than us.
November 27, 2022, 11:12:53 AM
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. ..
Elon Musk has completely different goals after buying Twitter for $44 billion. He is trying to monetize his business, so your dream that he will start giving you free money has nothing to do with reality. It seems to me more realistic if Doge will be used for calculations on Twitter.
Elon's goal is to have his ROI as he spent a lot just to be the CEO of Twitter. Business is business for him and sharing his wealth to everyone would never be his goal. He actually purchased Twitter to get richer and to use this platform for his businesses' growth as well as his crypto manipulations for his own benefit.
He will never give free money but rather ask for users' to pay him. Elon's mindset only revolves around his wealth and how to maximize all of it.
November 27, 2022, 10:46:08 AM
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. ..
Elon Musk has completely different goals after buying Twitter for $44 billion. He is trying to monetize his business, so your dream that he will start giving you free money has nothing to do with reality. It seems to me more realistic if Doge will be used for calculations on Twitter.
Its so aweful to see ppl even take elon's actions seriously, he plays for fun..
November 27, 2022, 10:20:08 AM
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. ..
Elon Musk has completely different goals after buying Twitter for $44 billion. He is trying to monetize his business, so your dream that he will start giving you free money has nothing to do with reality. It seems to me more realistic if Doge will be used for calculations on Twitter.
legendary
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November 27, 2022, 09:46:50 AM
Why don't you just create a stable token for yourself rather than rely with elon musk to create stable token for you? What you have been wiring above may exist in your imagination but that will never become a real thing. I guess if you're drunk to get rich quickly and you started to think a non sense think like that. Elon cares about himself. How easy he was firing bunch of twitter workers. that proves that even he doesn't care about his workers. He didn't even know if you were alive lol.
Stop try to fooling yourself about that, wake up from your dream and start to accept the truth if there will be no thing like that.
You were only writing it based on your imagination.
Stop try to fooling yourself about that, wake up from your dream and start to accept the truth if there will be no thing like that.
You were only writing it based on your imagination.
November 27, 2022, 08:25:15 AM
A stable coin for a single platform as a utility? I don't think it will work that easily and stable coins are need to be backed by something in order for it to be pegged. It would be another centralized stable coin if Elon made it and I don't think he will that much money by creating it if we compared it to other of his businesses which is much worthy of his time. One possibility that Elon can do is integrate the use of his favorite coin Dogecoin in twitter like a payment. I don't see Elon creating his own stable coin and how will he make the world rich quickly. I don't think you understand how stable coins work.
November 27, 2022, 08:11:16 AM
Elon musk is the big bug in the crypto currency world for now. When he made a twitter, it reflected in the market. It will have the impact atleast for two days. Most of the whale use that condition to do trade and get some little profit. Because whales will had huge bitcoin which they brought from the entire bear market. Most of the whales play huge role in the crypto currency market. They are huge responsible person for the bear market. Only few whales had influenced the bull market and get profit from it. Because making profit from bull market is not a easy one. Surely the long term holders will play the important role in bull market.
November 27, 2022, 07:41:14 AM
Zuckerberg and Elon is not very different when it comes to business. Elon ask $8 fee for a check mark for its KYCed account. He wants money also.
Creating stablecoin is not just about making money, its about regulation from the government. Tether alone has been bombarded by SEC also and the rest of the stablecoin is not safe. While Elon is already a controversial figure by taking over Twitter and attacking Woke, the more he'd be burying his head upon having a stablecoin.
Creating stablecoin is not just about making money, its about regulation from the government. Tether alone has been bombarded by SEC also and the rest of the stablecoin is not safe. While Elon is already a controversial figure by taking over Twitter and attacking Woke, the more he'd be burying his head upon having a stablecoin.
I think he wanted to get as much and as fast as possible money he bought Twitter and this is his first move. Soon if he has some good plan, Twitter might change its course and will be successful but of course, it will be more wealth for him also. That's just a small amount and when people see the advantage of getting KYCed others will also follow them and will gonna pay. I think this payment will gonna increase gradually depending on the demand of the users who want it.
November 27, 2022, 07:27:38 AM
Why he will need to create a stable coin for Twitter though, it doesn't make sense.
He already have his Dogecoin right? the coin that he has help shill and push to where it is right now. So it make sense for him to just used it for his Twitter. As far as Elon and Zuck goes, they are both businessman, so what is their ultimate goal? to make more money. So in the grand scheme, they will have to make money out of Twitter and Facebook user or it's advertiser.
Anyhow, we can't debate here as it is obvious that the OP mind is close minded as far as his support to Elon Musk.
He already have his Dogecoin right? the coin that he has help shill and push to where it is right now. So it make sense for him to just used it for his Twitter. As far as Elon and Zuck goes, they are both businessman, so what is their ultimate goal? to make more money. So in the grand scheme, they will have to make money out of Twitter and Facebook user or it's advertiser.
Anyhow, we can't debate here as it is obvious that the OP mind is close minded as far as his support to Elon Musk.
November 27, 2022, 07:26:45 AM
If Elon Musk pays $1 million per user per day, it would make the world rich quickly
Wait, what? I don't think you understand how the market works. No matter who creates a given stablecoin, it is important that it is fully backed by some assets. Only in such a situation does the stablecoin make sense to exist. Doge is enough for Elon to make big profits, there is no reason for him to build himself another stable coin.
November 27, 2022, 07:06:00 AM
Then where will the token be used for? posting? If it is for twitter then its utility will be limited to the platform itself. And for it to be stable, users should be okay with it. As far as I know, most of the users of twitter are into posting stuffs than watching videos (if I'm not mistaken). So think of this: if that token will be used for twitter usage, will it be sustainable. But this is just measuring tendencies and possibilities for the token since Op have mentioned about stability with the token's market value. If we would base or compare to stable coins such as USDT there is a continuous usage of it in transactions. This would be a possible alt, and being stable is somewhat impossible.
hero member
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November 27, 2022, 07:05:42 AM
You can support Elon but I already have a stablecoin that I like. What do you mean by paying $1 million per user? Is that some free money Elon will provide and distribute to its users? I don't think Elon would do that. Elon is a businessman who wants to make as much profit as possible. He is good at creating an atmosphere of conflict and making noise, even in the crypto market.
If Elon wants to create stablecoins, he must have a secret purpose behind it and he must want to get more wealth. He would not think about the people who supported him and instead let them go.
If Elon wants to create stablecoins, he must have a secret purpose behind it and he must want to get more wealth. He would not think about the people who supported him and instead let them go.
November 27, 2022, 06:45:10 AM
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly
You have no idea what you're talking about and what money means.
If he makes a properly backed stablecoin, then he cannot just give out that because he will soon spend all the funds (meaning he will have too much "backing" funds locked for that, which he won't be able to touch, unless he do scam like SBF)
If he makes a stablecoin that's not backed (so out of thin air), as soon as that's being found out, the stablecoin will become worthless and he may end up in jail.
So:
1. Crypto is not a get-rich-quick scheme.
2. No matter what he does, he won't give out free money.
3. You need to stop dreaming for free money and get learning so you can make yourself a proper future.
November 27, 2022, 06:25:12 AM
You want Elon Musk to create a stable coin, while you did not support Mark Zuckerberg to create one. What makes Elon Musk and Mark Zuckerberg to be different?
Elon Musk and Mark Zuckerberg are just business minded people and they do not concern about others getting rich at all, you can see what Elon Musk did when he bought Twitter, he reduced the workers.
Also know that no one will create coin and distribute it like common water to people, even water is hard to distribute not to talk of money.
Elon Musk and Mark Zuckerberg are just business minded people and they do not concern about others getting rich at all, you can see what Elon Musk did when he bought Twitter, he reduced the workers.
Also know that no one will create coin and distribute it like common water to people, even water is hard to distribute not to talk of money.
November 27, 2022, 05:16:22 AM
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly,
None of this billionaires actually wants to make everybody rich, they understand that if the whole world is rich then they won't have anything to sell to poor in making themselves more richer. Elon musk is far worst than Mark Zuckerberg when it comes to money, the only reason people hate Mark Zuckerberg is because he doesn't respect privacy.
Mark Zuckerberg can't ask you to pay money to use his platforms, he'll give you for free but he'll steal your private information to sell them for profits while Elon musk has boldly come out to tell people to pay to be verified on Twitter which just takes aways the whole point of been verified in the first place as now everyone can be verified.
Lastly stablecoin aren't profitable and Elon musk doesn't partake in unprofitable business so that isn't going to happen. Elon musk would likely make dogecoin a payment currency on twitter then implemention a stablecoin as he knows he'll make more profit from the dogecoin.
November 27, 2022, 03:36:17 AM
to be honest, I don't want to see Twitter become like Facebook. Social media has turned into a place to do business. this may happen but to make a stable coin of social media platforms what is the goal? support trades that occur on the platform? or social media platforms that will turn into markets.
I hope this doesn't happen to Twitter. may Elon continue to create social media, where people interact with each other without thinking about business.
I hope this doesn't happen to Twitter. may Elon continue to create social media, where people interact with each other without thinking about business.
November 27, 2022, 03:09:57 AM
If Elon Musk intends to do so, governments will not need to allow it, the government should keep that condition.
By the way, this is the wrong way because it causes inflation because if a stable currency is pagged to dollar it should be bought with dollars at 1:1 ratio, But there is a solution if banks were made along with it to buy those stablecoins which will create deflation.
[moderator's note: consecutive posts merged]
Zuckerberg and Elon is not very different when it comes to business. Elon ask $8 fee for a check mark for its KYCed account. He wants money also.
Creating stablecoin is not just about making money, its about regulation from the government. Tether alone has been bombarded by SEC also and the rest of the stablecoin is not safe. While Elon is already a controversial figure by taking over Twitter and attacking Woke, the more he'd be burying his head upon having a stablecoin.
Creating stablecoin is not just about making money, its about regulation from the government. Tether alone has been bombarded by SEC also and the rest of the stablecoin is not safe. While Elon is already a controversial figure by taking over Twitter and attacking Woke, the more he'd be burying his head upon having a stablecoin.
By the way, this is the wrong way because it causes inflation because if a stable currency is pagged to dollar it should be bought with dollars at 1:1 ratio, But there is a solution if banks were made along with it to buy those stablecoins which will create deflation.
Quote from: mk4
link=topic=5423620.msg61354922#msg61354922 date=1669532586
link=topic=5423620.msg61354922#msg61354922 date=1669532586
1. Creating a stablecoin for a specific platform is a waste of time
2. The stablecoin needs to be backed by something. Elon obviously can't just pay people $1m per day as the stablecoin will instantly nosedive in value regardless if it's backed by something or not
3. You probably need to spend more time in understanding how markets work
2. The stablecoin needs to be backed by something. Elon obviously can't just pay people $1m per day as the stablecoin will instantly nosedive in value regardless if it's backed by something or not
3. You probably need to spend more time in understanding how markets work
[moderator's note: consecutive posts merged]
November 27, 2022, 03:03:06 AM
1. Creating a stablecoin for a specific platform is a waste of time
2. The stablecoin needs to be backed by something. Elon obviously can't just pay people $1m per day as the stablecoin will instantly nosedive in value regardless if it's backed by something or not
3. You probably need to spend more time in understanding how markets work
2. The stablecoin needs to be backed by something. Elon obviously can't just pay people $1m per day as the stablecoin will instantly nosedive in value regardless if it's backed by something or not
3. You probably need to spend more time in understanding how markets work
November 27, 2022, 03:01:29 AM
Zuckerberg and Elon is not very different when it comes to business. Elon ask $8 fee for a check mark for its KYCed account. He wants money also.
Creating stablecoin is not just about making money, its about regulation from the government. Tether alone has been bombarded by SEC also and the rest of the stablecoin is not safe. While Elon is already a controversial figure by taking over Twitter and attacking Woke, the more he'd be burying his head upon having a stablecoin.
Creating stablecoin is not just about making money, its about regulation from the government. Tether alone has been bombarded by SEC also and the rest of the stablecoin is not safe. While Elon is already a controversial figure by taking over Twitter and attacking Woke, the more he'd be burying his head upon having a stablecoin.
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