Twatter shitcoin is here. This is pathetic. We are zapping here fully fungible generational wealth and over there you can tip some chucky cheese tokens 😂 WGMI
Discussion
Twitter NGMI
Man.. this is funny
What 😂
🤔🤔🤔
Like a even worse version than Reddit Coins. Everyone wants to be their own central bank.
What is the over/under on when Meta announces an oddly similar approach?
So you buy an SQL token on Twatter with your fiat money, tip and then the receiver does what with this? KYC and AML and then stack the tips until they have enough to meet some sort of withdraw limit or limits for international bank transfers? Is that how this works?
Derek yesterday stated many times that there is no way to resell the tokens against anything. I guess Elon is trying to build a Twitter marketplace where you can buy Tesla software upgrades, Starlink bandwidth etc with Twitter tokens.
Oh so it's not even tangible? LOL, skamcoin
Like in any computer game, you can throw your money in but it's not coming out again. It's revenue for Twitter but it costs them nothing to give you a blue or silver or gold badge on your profile, or allow you to edit tweets or increase tweet size. Maybe people are programmed enough to fall for it, it's a model they know. I can see partnerships with Starbucks, PayPal and Airlines bonus miles and other bonus programs, where you can pay to go on an Autobahn's petrol station toilet with Twittercoin or get some extra sugar in your soy Latte. The opportunities for surveillance and wealth extraction are endless, corporate solutions to corporate problems.
I agree. ⚡
😅
Elon says that tweetcoins can be compounded into a 'Diamond' (?) that you can sell.
Now that sounds like a cryptocurrency to me that can be listed on, let's say Binance as a 500m$ investor in Twitter. Elon and CZ could pump and dump the shit out of that token, luring people into buying more tweetcoins or earning them by engagement on Twitter, so they can sell Diamonds. Diamond value wouldn't be pegged to the wellbeing of Twitter, so no security.