The Twitter Rebrand

[hammerofglass]

The whole "do anything app" promise makes me wonder if he's planning on making it a crypto exchange. Sounds a lot like FTX's marketing.

[Mindworm]

I mean, I don't WANT Twitter to collapse.

I have spent 10 years building my followers and use as an advertising platform as an indie author.

But Musk has somehow caused it's value to halve.

That's what happens in real life when you let a Randian* ubermensch off his leash.

*As in Ayn.

[clearspira]

The whole "do anything app" promise makes me wonder if he's planning on making it a crypto exchange. Sounds a lot like FTX's marketing.

Crypto seems like nothing but a pyramid scam to me. All of the early adopters made a fortune - the ones who bought a hundred Bitcoin for a dollar or something crazy like that. But everyone else just seems to get burned either buying a ''shitcoin'', losing everything in a crash, or literally having all of their crypto stolen. And there are no protections like with actual money. You lose all your coin? Sucks to be you.

Oh, but the best bit of this is who is stealing all of that crypto. See, there are organised criminals and hackers of course. But a high percentage of them are state sponsored actors in the employ of places like North Korea. And they are making billions off it. The Cryptobros are funding Kim Jong's nuclear weapons program.

Musk can keep his Crypto. And his ap. I'm not getting either of them.

[CharlesPhipps]

Crypto seems like nothing but a pyramid scam to me. All of the early adopters made a fortune - the ones who bought a hundred Bitcoin for a dollar or something crazy like that. But everyone else just seems to get burned either buying a ''shitcoin'', losing everything in a crash, or literally having all of their crypto stolen. And there are no protections like with actual money. You lose all your coin? Sucks to be you.

Oh, but the best bit of this is who is stealing all of that crypto. See, there are organised criminals and hackers of course. But a high percentage of them are state sponsored actors in the employ of places like North Korea. And they are making billions off it. The Cryptobros are funding Kim Jong's nuclear weapons program.

Musk can keep his Crypto. And his ap. I'm not getting either of them.

To an extent yes, but it actually functioned quite well when it was a money laundering scheme. Crypto-currency managed to survive and thrive for a time when it was being backed up by drugs. It was the perfect market for the internet sale of recreationals (most of the US gets its drugs from it instead of dealers now). Then you'd just trade your crypto for it and they'd cash it out.

That collapsed with, ironically, crypto speculation.

[pilight]

The key to a successful rebrand is for the new brand to be a generic as possible, impossible to copyright, and difficult to SEO

[Madner Kami]

Crypto seems like nothing but a pyramid scam to me. All of the early adopters made a fortune - the ones who bought a hundred Bitcoin for a dollar or something crazy like that. But everyone else just seems to get burned either buying a ''shitcoin'', losing everything in a crash, or literally having all of their crypto stolen. And there are no protections like with actual money. You lose all your coin? Sucks to be you.

Oh, but the best bit of this is who is stealing all of that crypto. See, there are organised criminals and hackers of course. But a high percentage of them are state sponsored actors in the employ of places like North Korea. And they are making billions off it. The Cryptobros are funding Kim Jong's nuclear weapons program.

Musk can keep his Crypto. And his ap. I'm not getting either of them.

To an extent yes, but it actually functioned quite well when it was a money laundering scheme. Crypto-currency managed to survive and thrive for a time when it was being backed up by drugs. It was the perfect market for the internet sale of recreationals (most of the US gets its drugs from it instead of dealers now). Then you'd just trade your crypto for it and they'd cash it out.

That collapsed with, ironically, crypto speculation.

Yup. Crypto-currencies are universally either money-laundering- or ponzi-schemes. Whether the particular inventor had that as a goal in mind or not, seems to be tangential to the actual use.

[CharlesPhipps]

Yup. Crypto-currencies are universally either money-laundering- or ponzi-schemes. Whether the particular inventor had that as a goal in mind or not, seems to be tangential to the actual use.

Crypto-currency is like those fake nations. They're mostly an appeal to people who think they can do better than the government.

[clearspira]

[Frustration]

That's what happens in real life when you let a Randian* ubermensch off his leash.

A Randian superman would be superbly competent, especially in his chosen field of expertise. What is Elon Musk good at, again?

[Frustration]

And there are no protections like with actual money.

There aren't many 'protections' with 'actual' money.