Highly doubt X will be a CBDC or social credit system. PayPal isn’t, venmo isn’t. In a free market you have many competing products that are used by different people. No one is going to switch 100% of their banking to X. (Ok someone will but it’ll be rare and weird). People will have bank accounts, PayPal, credit cards, X, gift cards, venmo, bitcoin, eth, etc. etc.
I suspect the IC wants nothing to do with Musk in terms of collaboration, given his erratic nature and extreme narcissism. Wouldn’t bet against him being used by the IC for the same reasons though!
It wouldn't surprise me if all of FAANG and most of the Fortune 500 has close ties with the 3-letter agencies. Elon proudly sharing details about his pre-school ridealong is about all the evidence you need to prove that casual cooperation is the norm.
This is the second time I’m seeing this grouping, so now I’m curious. Where does it come from? Is it sarcasm, or are people that naïve about how our government is organised?
you just take a paranoiac anti-institutionalist cryptoperson and tell them that yes there will be a “crypto revolution,” but that the feds (and/or The Fed and/or the FED — all interchangeable) will be behind it.
> This post is inaccurate and misleading. X obtained a "Currency Transmitter" license in the state of Rhode Island.
> This license is required IF X were to provide virtual asset related services. There's absolutely no mention of Bitcoin in the licensing filing.