X is getting its final approvals for state money transfer licenses. Elon Musk indicated he would be surprised if X does not roll out payments by the middle of 2024. They have the majority of the states money transfer licenses. X needs to get California and New York licenses and some other states.
Elon had a Twitter Space with Cathie Wood of Ark Invest.
0:00 Mainstream Media
3:46 Taking Tesla Private
4:39 Mainstream Media vs X
14:00 New X Products
17:39 Tesla Shareholders & Public Markets
23:00 SpaceX Shareholders
25:00 Tesla’s Long Term Investing
27:00 Starlink IPO
28:30 Why Elon Needs Investors
30:30 Grok Asks Elon Questions
32:00 AI
38:00 Tesla FSD
42:15 Breaking Laws
43:00 AI Transformers/ Biological Neurons
46:10 Elon Musks Memory
48:00 Bitcoin/ Cryptocurrency
52:43 Robo-Taxi
57:00 Boring Company
58:22 Regulation
59:47 China
1:01:00 War
1:03:00 Moon/ Mars City
1:07:00 Advice to Next Generation
Boring Company is tied down by regulation. Drones company are moving faster outside the USA. The US drone regulations are now loosening in response to foreign drone activity.
Starlink is enough of a business winner to fund the Mars City and becoming interplanetary.
As of November 2023, X, formerly known as Twitter, has around 556 million active monthly users. As of October 2023, X receives around 6.14 billion visits per month.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
“he goes ahead with that “money market interest on your balance””
Oh my didn’t know about that. Very interesting.
I upgraded to Premium+ this week from the free account I’ve had for a decade. (Does anyone know why images & videos come out fuzzy unless you click on them in the paid version of X? Even my own posts).
X is phasing out Premium at $8/month. It’s now $16/month, though it’s ~$182 in NY per year, after factoring in 8.25% sales tax. X is charging for Grok and a few other new features, but mostly this seems to be making up for losing advertisers. It didn’t help that Musk literally told advertisers to go “f**k themselves” on stage when interviewed for Dealbook of the NY Times. I wonder how many people will be put off by the high rates, and near zero tech support of the paid plans (it was near zero in the free version too). $16/month may not matter to Musk, but it matters to a lot of ordinary people and just as importantly, is this the end? It’s a good bit more than other social media, most of which is still free.
So far, I see little advantage to the blue check mark, which took me several tries to get X to issue. My analytics and followers remain were they were, and I’m pretty sure about 1/6th of them are bots anyway – too few followers of their own, strange names and “enticements” that look like scams in their bios.
Well I upgraded to Premium because Musk told advertisers to GFY if they are trying to use advertisement revenue to control moderation and content.
xTwitter should implement pay-per-post as a way to bootstrap payment accounts – i.e. get people to provide their credit card info and maybe deposit cash into a spending account.
Premium subscribers get some number of ‘free’ posts per week or month, everyone else gets 1 free post a week, $0.02 for each after. Botnets suddenly cost money… Re-posts should also cost $0.02, but the originator gets 1 cent of that.
I suppose that, when they roll out that feature, I’ll have to get a paid account. Nothing else about Twitter/X has much appeal to me, but I’d love a good money transfer tool that wasn’t paypal.
You get to find out what is going on in the world about 6-9 months before traditional media tells you what is going on in the real world.
Grok is interesting.
I get that from people who follow Twitter/X, just like I don’t need a personal subscription to the AP. But money transfer isn’t a service I’d want to out-source, and I purely hate Paypal.
Ditched them years ago, when they decided they were entitled to dictate what I spent my own money on. That’s absolutely intolerable in a business that’s supposed to be enabling financial transactions, not curating them.
So, what did they do? They went out and bought the alternative I’d signed up with.
So, yeah, having an alternative to Paypal would be worth money to me. If he goes ahead with that “money market interest on your balance” proposal, that would absolutely seal the deal.