Post
Topic
Board Altcoin Discussion
Re: I will support Elon Musk if he creates a stablecoin for Twitter
by
avikz
on 29/11/2022, 14:06:12 UTC
I will support Elon Musk if he creates a stablecoin for Twitter

I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.

Regarding business, Elon and Mark is same! Also I don't understand why there is a need of a new stablecoin only for Twitter? Why can't Elon use one of the stablecoins already running in the market. Creating absolute monopoly is a great business practice but not very beneficial for the users.

So from an individual's point of view, I wouldn't like if Elon tries to create a separate stablecoin to be used in Twitter. That's not what cryptocurrency is meant for and that is why Libra failed a big way!