Elon is playing by the rules in order to increase the reach 𝕏. He is deliberately playing by the rules of the Deep State and consistently beating them at their own game. Once people get a taste of financial sovereignty, they will react very negatively towards a state revoking their access. Once 𝕏 payments becomes popular with the mainstream normies, it will be nearly impossible for the Deep State to control. The licenses at that point will be superfluous.
Elon could very easily release the DeFi tools on 𝕏 without going through the proper channels, but there is a sound strategy in leveraging the financial regulations. This way Elon avoids getting tied up in legal battles with the SEC and FTC. I believe these three letter agencies will be axed in the long run, but until they are the best course of action is to play their game better than they do themselves, while continuing to build a parallel economy to replace them in the near future.
I agree with this. Also Elon is a trailblazer. If he can do this with X, it can be done with other systems- that would be decentralization. If Elon includes the ability to trade with crypto for goods and services, then the central banking system will no longer have any hope of monopoly.
They got license in California but not Texas? Hmm ...
Also, if you need a license to operate a Bank alternative, all they have to do to control you is to yank that license if you dont play game ...
Elon is playing by the rules in order to increase the reach 𝕏. He is deliberately playing by the rules of the Deep State and consistently beating them at their own game. Once people get a taste of financial sovereignty, they will react very negatively towards a state revoking their access. Once 𝕏 payments becomes popular with the mainstream normies, it will be nearly impossible for the Deep State to control. The licenses at that point will be superfluous.
Elon could very easily release the DeFi tools on 𝕏 without going through the proper channels, but there is a sound strategy in leveraging the financial regulations. This way Elon avoids getting tied up in legal battles with the SEC and FTC. I believe these three letter agencies will be axed in the long run, but until they are the best course of action is to play their game better than they do themselves, while continuing to build a parallel economy to replace them in the near future.
Hope so. Do they have a whitepaper or tech details of the payments platform?
Would be great to have some breadcrumbs to dig into. We all can feel those shifts in financial market, something must be going on.
Good question.
Looks like a transfer of trust to me rather than a true reconstruction of currency.
I agree with this. Also Elon is a trailblazer. If he can do this with X, it can be done with other systems- that would be decentralization. If Elon includes the ability to trade with crypto for goods and services, then the central banking system will no longer have any hope of monopoly.