Scott Shapiro
Finally an answer to the question: How do you make a hellsite worse?
Nov 9, 2022 at 11:51pmMastodon Twitter Crossposter
Show threadOldfriends.live Paul backupNov 9, 2022

@scottjshapiro

Turn it into a bank and offer money market accounts

#Twitter files paperwork with the U.S. Treasury to offer #financial and #payment services

Earlier, Musk said, "Users could link their online bank account to Twitter, he says. Then the company will offer "extremely compelling money market account to get extremely high yield on your balance."

https://masto.ai/@FeedingTubePaul/109316194848391534

Paul Chambers (@[email protected])

#Twitter files paperwork with the U.S. Treasury to offer #financial and #payment services Earlier, Musk said, "Users could link their online bank account to Twitter, he says. Then the company will offer "extremely compelling money market account to get extremely high yield on your balance" Twitter Payments LLC registered and filed its application as a money transmitter on November 4, 2022. The application says they plan to conduct money services in the United States https://www.ft.com/content/3e11dcf7-3879-4a51-b921-fc30722d6adb

Mastodon
Show threadPeter QuinceNov 10, 2022
@FeedingTubePaul @scottjshapiro Because no one ever thought of banking as—as a business before! So Elon the Destroyer will clean up that whole sector. Oh My God
Show threadAshtonNov 10, 2022
@peterquince @FeedingTubePaul @scottjshapiro he’s trying to mimick what WeChat does in China, where there is a mix of social media and financial services. It’s clearly a workable model if it’s introduced at the right time by a competent company, so it’s not a totally insane idea in the abstract. Given that he’s currently driving twitter into the ground though…
Show threadPeter QuinceNov 10, 2022
@ashton_k @FeedingTubePaul @scottjshapiro It seems insane of him to think that he can will an American WeChat, which seems to be sort of what ‘Yahoo!’ aspired to be before it faced, ah, meaningful competition, into existence. Way too late, with Uber, and countless consumer banks, and DoorDash, and Amazon, and Facebook, and … it just seems completely silly. I think because it is.
Show threadAshtonNov 10, 2022

@peterquince @FeedingTubePaul @scottjshapiro yeah, I agree. The idea has legs in the right context, but timing matters.

Twitter never had the market penetration either. If anyone could’ve pulled it off it would’ve been facebook maybe 15 years ago. But as you say, it’s too late now.

Show threadFidoNov 9, 2022
@scottjshapiro I like to think, in my case at least, by leaving.
Show threadoscheneNov 10, 2022
@scottjshapiro Hellsite hath no limits, nor is circumscribed
In one self place, for where we are is hellsite,
And where hellsite is must we ever be.
Show threadClifton RoystonNov 10, 2022

@oschene @scottjshapiro

Faust: What dost thou out of hellsite?
Mephistopheles: Why *this* is hellsite, nor am I out of it.

Show threadMichael KwunNov 10, 2022
@scottjshapiro might be doing better than FTX lately, tho