- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
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That sound you just heard, was the rustle as hundreds of financial regulators around the world leant forward just a little.
I regret I have but one upvote to give. Well done!
Really? Lol, no.
I like my money in a bank. Somewhere that has those “pesky” regulations that keep me from getting (too) screwed over.
commie
/s
If this ever comes out and you actually put your money in it, you deserve whatever fuckery happens to it. I’m sorry, but I’m completely out of empathy for Musk’s fans.
In my country, your birth certificate has both your deadname and your new name on it if you changed your name. When I signed up for PayPal, I had already transitioned, so I put in my current, legal name. PayPal asked for proof that I am who I claim to be, to prevent fraud. Fair enough, I gave them my birth certificate. They looked at it, and then changed the name on my account to my deadname, which was no longer my legal name. When I told them to change it back, they said I’d have to submit a change of name form.
I knew Musk was transphobic sooner than most of the public did after that experience.
Don’t think this is necessarily connected to Musk though. Like, I had similar experiences with most institutions and some banks still fuck up my name. Musk probably has zero say in this. But yeah, I avoided for a long time to change my name on PayPal for this exact same reason. When I did update my name this year it did work out great however. PayPal didn’t ask me for any proof and it was a smooth experience.
Musk faces major challenges to get there, though. Convincing people why they need such a platform is one. Getting them to trust X with their entire financial life is another.
It’s less about trusting X but trusting Musk. Trying to make an “everything app” with him in charge just feels dystopian.
Trying to make an “everything app” with him in charge just feels dystopian.
Trying to make an “everything app” at all, whoever is in charge, is dystopian. Given the conspiracy theorists’ general alarm at new world order, one world government type scenarios it’s a wonder he isn’t pilloried for this by the same mad bastards who advocate for him instead. Maybe he is and I just haven’t kept up
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Yeah, so why is Bill Gates 5G microchip the conspiracy? Why not Elon Musk Starlink Neuralink? There is an actual evil mad scientist selling the technologies they are actually scared of, why don’t they just point their fears at the actual danger?
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That sounds dangerous. Most people don’t reach their ideas through reason. I don’t want to lose empathy for all humanity no matter how ignorant they are.
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Sure, let me give all my money to the broke billionaire with the bad investment history - what could go wrong?!
I just feel like musk wants a western version of wechat for a hybrid user base of hardcore republicans and hardcore libertarians. That seems like such a fundamental oxymoron… but here we are.
And in fact, I hate to say it, but given how good those groups of people are at bending reality and making themselves conform to a warped capitalist standard, it might just work out for a while. But more than likely it’ll probably also go the way of “trump bucks” or whatever those psycho-loyalist cryptocoins were called. Basically it’ll end up a big old miserable fraud.
The again if it’s Elon’s coin on the table I’m not so sure I care. He’s just ruining spacex, tesla, et. al. Let him bleed money.
What’s genuinely sad is that the people who can’t bail from twitter quickly will be spitroasted by musk in the process.
What’s genuinely sad is that the people who can’t bail from twitter quickly will be spitroasted by musk in the process.
It takes two to spitroast.
Even before Musk I wouldn’t have trusted Twitter with my finances or even just my credit card.
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You’ve described a big part of why I hate startup culture. “Let’s build cool thing then sell it to a huge company and get rich.” I’m never doing it again, such a waste of time and energy.
Simple selling to BBVA was shit. Simple was never my main bank, but it was a nice, simple service. That was free. Then they moved to BBVA, which almost immediately got bought up by PNC, and then PNC started charging monthly fees. Closed my account before the first fees hit.
I still have a Varo account. Surprised that hasn’t gotten vacuumed up yet by one of the traditional banks.
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Isn’t that what FedNow is?
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Canada has had e-transfer for ages. You can securely transfer cash to anyone in the country using their email address or phone number. If you have auto-deposit enabled it’s instant, too.
Oh, and it’s free. It only costs money if you use the e-transfer system to request money from someone (for obvious reasons.) And even then, it’s only like $1ish.
The US not having a system like that is frankly ridiculous.
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Ugh, I miss Simple so much. I was alright with ONE until they stripped the virtual card function from pockets… What is the actual point of Pockets now if I have to transfer the money directly back to my main checking area??
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Have you found any other decent online-centric banks to switch to? I’ve been wanting to switch away from ONE for pretty much the reasons you listed, but through a basic search I didn’t see anything else to was too appealing to me.
And the 2FA thing is ridiculous, at one point they didn’t actually have the email option (or it was very well hidden) - had a bit of a rough month at some point and wasn’t able to pay my phone bill which got it suspended, I also happened to have my card locked and got kicked out of the app so… I couldn’t unblock my card to pay the phone bill, which I needed to get the 2FA code to login in… Ended up having to reach out to support and they were able to show me how to request a 2FA code over email.
This wouldn’t even be a problem with most sites because I always use TOTP/Webauthn via my Yubikey when I have the option, and for something as critical as my bank account I really do not want SMS/Email to be an option for 2FA (I get why they have it, but I’d like to be able to turn it off for my account).
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Interesting, I will have a look at them - thanks!
Hahahahahahahaha.
“Unless you give us all your money to put in our new bank, we might be facing insolvency issues.”
Yes. Also commenting on your Dig Dug icon, which I love!
Hmm, this seems like the sort of addition where it might have been nice to have a bunch of world leading developers and designers hanging around. Seems odd to fire them all if this was the plan.
Indeed that does seem like the sort of mistake that someone who made the largest purchase of thier life after staying up alll night playing Elden Ring would make, but i’m sure it was really a cunning 5d chess move and not evidence that our overlords who are born into wealth are just as dumb as the rest of us.
Oh they’re not as dumb as the rest of us, that’s the scary thing. They’re even dumber.
Sometimes I wonder if he’s doing it on purpose. Like, this has to be a joke, right?
The level of absurd stupidity from someone who’d once seemingly tricked us all into thinking he was really smart is just… baffling.
from someone who’d once seemingly tricked us all into thinking he was really smart
Well, …
You need to watch Glass Onion
Indeed that does seem like the sort of mistake that someone who made the largest purchase of thier life after staying up alll night playing Elden Ring would make
Hey, playing Elden Ring takes some skill and dedication. Did you see the build he put on Twitter that time? It was hilariously stupid. In fairness, maybe he was playing all night with it just to get past very basic foes.
Oh hell no. I’ve seen how he manages his money. Like fuck I’m letting him anywhere near mine.
I don’t even trust most banks. I like my credit union, thank you very much.
Is he trying to morph a social media company into the financial services company he didn’t get to build in 1999 because the board threw him out?
Yes, did you read the article? He says exactly that.
He’s never going to get this past the regulators. Financial break points and buffers make sense, every financial crisis and crisis of stability has taught us that. If you continue to build too big to fail systems, it’s going to be a complete disaster. Deposit institutions shouldn’t be involved in speculative investment banking , which is what high yield usually is. You can’t pay high yields if you aren’t in turn doing any sort of high yield activity with investor deposits. Or without any sort of prop trading. Which he’s sort of suggesting this is going to be. Some of this sounds like it’s going to break the Volcker rule.
Not to even mention this might not qualify for FDIC protections.
Well he can fuck right off. The moron strikes again with yet another in a long line of “no one asked for this bullshit” features that hopefully completely destroys his $44,000,000,000 toy.
I’m going to let some impulsive rich brat who paid $36B too much for a social media company, only to tank it and transform it into his own personal political misinformation machine to handle all my finances? Riiiiight.
Why would I ever want to bank with Twitter, especially while that mentally unstable idiot owns it?
