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Elon Musk gives X employees one year to replace your bank - ‘You won’t need a bank account... it would blow my mind if we don’t have that rolled out by the end of next year.’ (www.theverge.com)

submitted 1 year ago by [email protected] to c/[email protected]

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“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

Well that sounds terrifying!

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[–] [email protected] 40 points 1 year ago (2 children)

Oh please. It ain't complicated. I could write a ruby app in a weekend that would do everything a bank does. It's just subtracting from one account and adding to another.

Elon Musk probably.

[–] [email protected] 5 points 1 year ago (1 children)

"Security?! Nah, the Russians are my best friends"

[–] [email protected] 1 points 1 year ago

"All you need is security bars in front of your windows"

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Ok, now let me present to you: Rolling reserves.