It's funny how people care...
Liberals are loosing their fucking minds over Elon Musk buying Twitter and taking it private. It's comical really; people thinking Elon Musk could have "solved world hunger" with the massive loan he took out to do this. Do we think he would have gotten the loan if that was the goal? Yeah, that's not how money works.
Solving world hunger tangent:
First of all world hunger is not a problem. Like addiction, it is a symptom of a problem. World hunger is the product of a bad distribution of wealth. Not only does the economy not provide people with wealth who are starving to death, but also those people who are starving to death are providing so little value to the economy that they don't even have enough money to eat. It's a two way street. Who is to blame? It's nobody's fault, and it's everybody's fault. That's part of the problem right there: everyone thinks it's someone else's responsibility to fix this stuff. You fix it, smart guy.
Meme my girlfriend sent me personally:
This concept that Elon Musk should have 'solved' world hunger with a loan is wholly absurd. You can't generically throw money at problems and expect them to go away. The reductive logic and reasoning behind this frustration is truly baffling, but also it makes perfect sense because of course people have every reason to be frustrated with the dumpster-fire economy we're all subjected to.
That doesn't change the fact that in order to solve a problem like "world hunger" we don't have to necessarily increase or distribute the supply of food better, but rather increase the supply of high quality jobs to the population. Sounds like a problem that crypto is going to solve faster than anything else (and it will be painfully slow).
The cure is worse than the disease.
Imagine 'solving' world hunger. Congratulations, you did it! Now anyone can eat as much food as they want. Good for us! Right? Oh wait, now the population skyrockets and all the kids get free food and their kids get free food and now there are 30 billion people on the planet and pollution and overpopulation just killed everyone. Good job. You solved world hunger. Idiot.
This is how complex geo-economic problems work:
You solve one problem and one or two more pop up somewhere else. Solve those and one or two more problems pop up again. So on and so forth the game of whack-a-mole continues. A good current events example of this: the FED raising interest rates isn't going to fix the supply chain problem (the thing causing inflation).
Comically Politized
So many people out there think that billionaires not paying taxes is inherently personal theft. Like, really? The same people that say ACAB (all cops are bastards), support social justice and small businesses, understand the Black Lives Matter movement, know the system is corrupt to the core etc etc... these are the same people that think billionaires need to pay their taxes? Like, lol. The cognitive dissonance is overwhelming. They know the government is corrupt and then turn around and make assumptions about taxes as if the government is going to use that money for the greater good. Wake the fuck up woke people! Jesus Christ! Mindblowing.
Repeat after me: taxes are irrelevant now.
Taxes only make sense in the context of hard money that can't be printed out of thin air. We've evolved past that nonsense, and that's a great thing. Only a hop, skip, and jump away from true progress now that the Byzantine General's problem has been solved.
This post was not supposed to be about any of this.
I started writing this post purely to tell everyone why Elon Musk bought Twitter. That was the main goal, but there are so many other tangents involved it's unreal. Hard to stay focused!
Why did Elon buy Twitter again?
It's crazy to me how everyone's speculation on this topic is basically completely wrong. A lot of people are simply taking Musk's comments at face value.
He bought Twitter because he cares about free speech.
lol, what?
No one should ever take billionaire Elon Musk's word at face value.
That's insane.
He bought Twitter because he doesn't want to get banned.
WHAT?!?
Seriously c'mon you guys, you can do better than this. I believe in you.
He bought Twitter because he wants to shill Doge.
Ah, so close!
Seriously though, this is a guy whose building a tech empire. He's turning cars into advanced tech. He's building AI. He wants to colonize Mars. He wants to put a chip in your brain.
And no one seems to recognize how a social media like Twitter could factor into all of this? Really? Wild.
The crazy thing is that it doesn't even matter.
- He's already talking about open-sourcing the algorithm.
- He's already talking about the importance of free speech.
- We already know he's a crypto-friendly anarcho-capitalist.
This acquisition is overwhelmingly bullish for crypto.
- No more shadow-bans & echo-chambers.
- No more underhanded algo manipulations.
- No more blatant propaganda on the trending tab (maybe).
But what is he going to actually do?
Like any tech billionaire that buys out a company... they incorporate that company into their tech empire. We have to look at the motivations of this new breed of billionaire. What drives them? The days of Berkshire Hathaway Warren Buffet billionaire investing is a quickly dwindling paradigm.
When we think 'billionaire' these days we are thinking Elon Musk, Jeff Bezos, Mark Zuckerberg, Bill Gates, etc. They are all in tech, and that's no coincidence. To hammer this old point home: people want to be gods. They want more power, and the only way to get that kind of power at this point is to be, not only a billionaire, but a billionaire on the cutting edge of exponentially evolving technological advancement. We are in for a wild ride over this next decade or two, that is for certain.
So again, when we are wondering why Elon Musk bought Twitter at such a high price, we have to factor in all these things. Obviously he's been doing hours upon hours of game theory over this acquisition. To take him at face value of "free speech matters" is just absurd. He clearly has a solid plan to incorporate Twitter into the tech empire. This is very very obvious.
I'm not saying that Musk doesn't care about free speech. I think it's pretty obvious that he does, as that is very inline with the anarcho-capitalist mindset. All I'm saying is that he's obviously holding four-of-a-kind and only showing us one card, because that's just the kind of troll that he is. And let's be honest: if we had as many enemies as Musk does, would we just go around constantly gossiping about what are plans were? I'm sure he's already learned that lesson the hard way long long ago. He's not a Bond Villain after all (I think...).
Conclusion
We are asking the wrong questions.
How could he have spent that money better?
How will he defend free speech?
How do we get him to pay taxes?
The real question:
How will he incorporate Twitter into the tech empire?
Considering the importance of social media as it relates to technology and the progression of artificial intelligence, it honestly shouldn't be that hard to figure out.
No matter how this plays out it's good for crypto. Twitter succeeds: good for crypto. Twitter fails: good for crypto. Same for Bluesky (the 'WEB3' Jack Dorsey project). Same with CBDC. The theme being conveyed now is a constant: cryptocurrency is the future and nothing can stop that future from happening. The only question is if these tech billionaires will be able to bend these emergent communities to their will. I highly doubt it. Capitulation has already happened, and the end result will be inevitably explosive.
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