Twitter provided a platform in exchange for content.

Users provided content in exchange for access to information and access to networks of content creators.

Elon and the new owner's are breaking a social contract.

User's created all the content to drive its growth.

The vanity publishing model is the idea of a moron. The content creator's were already paying for the platform by providing the content.

Twitter is not going to collapse, despite idiots running it, but the User base may evolve, meaning the active User's may evolve, with now active accounts staying but with those User's going silent and not being counted among active daily Users.

There were competent people who built the infrastructure that runs the site and platform and microservices.

The guys with scala build tools experience at Twitter are competent, although some have departed.

Plus, major banks hold debt and a collapsing Twitter is not good for those large banks.

Elon and his cohort of new owner’s may struggle to service the debt payments associated with the transaction.

Elon and friends want to inflate away their debt and devalue the US Dollar, however.

The guy who runs the # 1 crypto market maker (was #2 behind Alameda) told Bloomberg that the last few weeks have, "rebooted my faith in crypto as something that can replace the future financial system."

https://www.bloomberg.com/news/articles/2022-11-17/transcript-understanding-the-collapse-of-sam-bankman-fried-s-crypto-empire?utm_source=google&utm_medium=bd&cmpId=google

Transcript: Understanding the Collapse of Sam Bankman-Fried's Crypto Empire

Understanding FTX and Alameda

Bloomberg

Think of it as Global Organized Crime trying to give SWIFT a swift kick in the ass.

Experts were anticipating the possibility that Russia would use the Chinese Communist Party’s (CCP) Digital Yuan in order to bypass payment systems like SWIFT back in March 2022.

https://www.btctimes.com/news/us-senate-moves-against-chinas-cbdc

Russia and Iran were already getting around SWIFT and some sanctions.

The BTC Times

The BTC Times offers daily reporting on the news you care about, in authentic coverage that captures Bitcoin’s impact on the future of money.

The BTC Times

If CIPS, China's onshore yuan clearing and settlement system CIPS, were used to settle more trade, it would create a Chinese-yuan driven alternative to the dollar-dominated SWIFT system.

But what if Twitter becomes a way to entice ppl to adopt another payment system using some form of crypto currency?

https://www.businessinsider.com/china-russia-alternative-swift-payment-cips-spfs-yuan-ruble-dollar-2022-4

China, Russia develop alternatives to the SWIFT payment system

China has ambitions to make the yuan the most dominant reserve currency in the world, but it has a long way to go.

Insider

SWIFT Graphic

Russia's Central Bank National Payment System Department announced in Sept 2022 that Russia’s SPFS interbank messaging system had expanded at record pace in 2022 with 50 new entities from abroad joining the SPFS in Q1-Q2 of 2022, totallng 440.

The System for Transfer of Financial Messages (SPFS), is open to banks from the BRICS nations.

Sometimes I wonder whether useful idiot Elon Musk and Peter Thiel are Russian assets, or does US CIA have a handle on Elon Musk?

They look more like Russian Assets / useful idiots.

Joe Biden granting MBS legal immunity is so moronic.

Does CIA keep Joe informed?

https://www.washingtonpost.com/opinions/2022/11/17/mbs-immunity-saudi-arabia-biden/

Biden rewards Saudi leader’s impunity with legal immunity

The administration has granted MBS a protection that even President Donald Trump’s administration declined to offer.

The Washington Post
US moves to shield Saudi crown prince in journalist killing

WASHINGTON (AP) — The Biden administration says Saudi Crown Prince Mohammed bin Salman's high office should shield him from a lawsuit over his role in the killing of a U.S.-based journalist , making a turnaround from Joe Biden's passionate campaign trail denunciations of the prince over the brutal slaying.

Associated Press