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by toss1 1315 days ago
>> he really didn't understand what's most valuable part and took it for granted.

This is particularly surprising to me also, for a different reason. Since Musk was a key player at PayPal, he should have learned that although the vast majority of users are well-intentioned and harmless, there are a small group of scammers and criminal who MUST be dealt with or they will rapidly bankrupt you.

On Twitter, we must add to the list of scammers & criminals the additional bots, trolls, and pranksters, all of whom can rapidly destroy trust in a community (online or off).

Why he didn't carry that lesson forward to this platform is baffling (unless he's in a contest with Kanye and the FTX crypto guy to see who can create the largest and most rapid-burning money bonfire).

1 comments

> Since Musk was a key player at PayPal

That's mostly a legend. In actuality he took some part in some company that got bought by another company which eventually became PayPal.

Although, especially since he still made significant fortune from it, it still seems sufficient exposure to at least understand the concept of a minority of scammers & criminals who must be identified & shut off in real time (maybe even more exposure if he came up through two precursor companies).

Heck, it is something that is already obvious to everyone here, and most of us were never employed in banking or payments operations...

Elon increasingly looks like a child in the fog whose actions are driven mostly by emotions.