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Headline is incompatible with the article. > On an earnings call yesterday, Musk told X employees that he predicts X's payments system will launch by the end o

Headline is incompatible with the article. > On an earnings call yesterday, Musk told X employees that he predicts X's payments system will launch by the end of 2024, The Verge reported. Whatever. Lots of pixels will be spilled because, you know, Musk.

tomjakubowski 3y ago
No, the headline is almost literally what Musk said: “It would blow my mind if we don’t have that rolled out by the end of next year,” Musk said, confirming that “when I say payments, I actually mean someone’s entire financial life. 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.” If you want to nitpick you could quibble with conflating "by 2024" and "by the end of 2024"
- lcnPylGDnU4H9OF 3y ago
  I now wonder if PayPal will be merged with X. That's a hell of a "comes full circle" story. > X.com was an American online bank founded by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho in 1999 in Palo Alto, California. In 2000, it merged with competitor Confinity and in 2001, the merged company changed its name to PayPal. https://en.wikipedia.org/wiki/X.com_(bank) https://en.wikipedia.org/wiki/X.com_(bank)
  - FireBeyond 3y ago
    Fun facts about all that: Confinity had done what Musk couldn't - they had a working prototype and MVP called PayPal, trademarked and registered, at the merger. Musk was made CEO because between the two companies, he had the largest holdings. He spent a lot of his time as CEO from March 2000 stubbornly trying to insist that this prototype (written in Java on Solaris) be completely thrown away and rewritten in ASP on Windows because he knew the latter and not the former. So much time, in fact, that by September 2000 the board had had enough and kicked him out as CEO. When people like to talk about Musk and PayPal (not saying you are), it's funny how neglected the fact that it was a whole 5 months from rise to fall.
    - ouiouibaguette 3y ago
      Musk also bought the title of Tesla "founder" from Eberhard and Tarpenning.
    - dragonwriter 3y ago
      > Musk was made CEO because between the two companies, he had the largest holdings. Note he'd already been forced out as CEO of the pre-merger X once before, too.
FireBeyond 3y ago
The pretzels people will contort themselves into around Musk. It is literally in the very next sentence from the one you quoted. > when I say payments, I actually mean someone’s entire financial life. If it involves money, it’ll be on our platform
- quantified 3y ago
  Rolled out by the end of next year and your life on by the end of next year are completely different, aren't they? You can't even begin to put your financial life on there until it's actually there. I suppose "Elon Wants" is the operative portion here. But he doesn't say he wants your life on it by the end of 2024, does he? Where is that in any quote there?
  - FireBeyond 3y ago
    > Rolled out by the end of next year and your life on by the end of next year are completely different, aren't they? Not according to Musk: > Musk told X employees that he predicts X's payments system will launch by the end of 2024, The Verge reported. > Musk said, confirming that “when I say payments, I actually mean someone’s entire financial life. If it involves money, it’ll be on our platform. So, by his own "confirmation" and the transitive property: "He predicts X's [entire financial life] system will be launched by end of 2024". You're right, though, just because it's rolled out doesn't mean users are going to flock to the service, especially with this monumental zinger: > Musk from forging ahead with his plan to turn X into a bank, a move he said ... would be key to helping the platform avoid bankruptcy. "Bring your entire financial life to my completely stable, not at all at risk of bankruptcy, bank system". Really confidence inspiring stuff, there.

tomjakubowski 3y ago

No, the headline is almost literally what Musk said: “It would blow my mind if we don’t have that rolled out by the end of next year,” Musk said, confirming that “when I say payments, I actually mean someone’s entire financial life. 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.” If you want to nitpick you could quibble with conflating "by 2024" and "by the end of 2024"

lcnPylGDnU4H9OF 3y ago
I now wonder if PayPal will be merged with X. That's a hell of a "comes full circle" story. > X.com was an American online bank founded by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho in 1999 in Palo Alto, California. In 2000, it merged with competitor Confinity and in 2001, the merged company changed its name to PayPal. https://en.wikipedia.org/wiki/X.com_(bank) https://en.wikipedia.org/wiki/X.com_(bank)
- FireBeyond 3y ago
  Fun facts about all that: Confinity had done what Musk couldn't - they had a working prototype and MVP called PayPal, trademarked and registered, at the merger. Musk was made CEO because between the two companies, he had the largest holdings. He spent a lot of his time as CEO from March 2000 stubbornly trying to insist that this prototype (written in Java on Solaris) be completely thrown away and rewritten in ASP on Windows because he knew the latter and not the former. So much time, in fact, that by September 2000 the board had had enough and kicked him out as CEO. When people like to talk about Musk and PayPal (not saying you are), it's funny how neglected the fact that it was a whole 5 months from rise to fall.
  - ouiouibaguette 3y ago
    Musk also bought the title of Tesla "founder" from Eberhard and Tarpenning.
  - dragonwriter 3y ago
    > Musk was made CEO because between the two companies, he had the largest holdings. Note he'd already been forced out as CEO of the pre-merger X once before, too.

FireBeyond 3y ago

The pretzels people will contort themselves into around Musk. It is literally in the very next sentence from the one you quoted. > when I say payments, I actually mean someone’s entire financial life. If it involves money, it’ll be on our platform

quantified 3y ago
Rolled out by the end of next year and your life on by the end of next year are completely different, aren't they? You can't even begin to put your financial life on there until it's actually there. I suppose "Elon Wants" is the operative portion here. But he doesn't say he wants your life on it by the end of 2024, does he? Where is that in any quote there?
- FireBeyond 3y ago
  > Rolled out by the end of next year and your life on by the end of next year are completely different, aren't they? Not according to Musk: > Musk told X employees that he predicts X's payments system will launch by the end of 2024, The Verge reported. > Musk said, confirming that “when I say payments, I actually mean someone’s entire financial life. If it involves money, it’ll be on our platform. So, by his own "confirmation" and the transitive property: "He predicts X's [entire financial life] system will be launched by end of 2024". You're right, though, just because it's rolled out doesn't mean users are going to flock to the service, especially with this monumental zinger: > Musk from forging ahead with his plan to turn X into a bank, a move he said ... would be key to helping the platform avoid bankruptcy. "Bring your entire financial life to my completely stable, not at all at risk of bankruptcy, bank system". Really confidence inspiring stuff, there.