I will support Elon Musk if he creates a stablecoin for Twitter

[Mr. Magkaisa]

I will support Elon Musk if he creates a stablecoin for Twitter

I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.

  - Most members here in this forum know that Elon Musk is only good at hyping using his influence and power because of the billions of dollars he has. But without his billion dollars, I don't think he will become famous.

Now, if he does create his stablecoins, no one can say whether it will catch on with the masses or the cryptocurrency world. Because currently, the only coins it often supports are meme coins. But let see what his plan really have in the future anyway.

[bakasabo]

I think Elon Musk wont be planning to create a stable coin for Twitter. By seeing how he tries to monetize, or economy on expenses Twitter has, I think he is possible to create an altcoin, instead of a stable coin. As a business man, he could earn more on altcoin prices changes (and there will always be sharp changes, as Elon likes to play with his supporters), then with stablecoin. Besides, I dont see Elon Musk and stablecoin stand together. Elon is a venturer, any kind of stability is not about him.

[Rufsilf]

I think Elon Musk wont be planning to create a stable coin for Twitter. By seeing how he tries to monetize, or economy on expenses Twitter has, I think he is possible to create an altcoin, instead of a stable coin. As a business man, he could earn more on altcoin prices changes (and there will always be sharp changes, as Elon likes to play with his supporters), then with stablecoin. Besides, I dont see Elon Musk and stablecoin stand together. Elon is a venturer, any kind of stability is not about him.

Maybe you are right but we never know exactly what is in his mind.
Yes, he is a venturer but keeps on increasing his business which is likely, but not impossible to create his own cryptocurrency. Maybe, in that case, he will give up and stop shilling Dogecoin anymore.

For now, it was still a puzzle for us what is really his intention acquiring Twitter and that is somewhat interesting to see for the incoming updates.

[AakZaki]

then what are Elon Musk's advantages when he has created a stablecoin for twitter and then has to pay for its use too. Remember that he is a businessman, he will not easily give you money. He would think about the benefits he would get. As the current legitimate Twitter owner Elon Musk is charging $8 for a blue tick, meaning he is concerned about the benefits and also realizes that those with blue ticks are famous people and also have a lot of money.

[justdimin]

You will support Elon Musk if he creates a stablecoin and then pays 1 Million $ to each user every day? Do you even know how the economy and the market are working? You can not just create Billions and Billions of Dollars out of nowhere because that would generate such a huge inflation that all the money would be worthless. Also if everyone would be a millionaire then the world would stop to work because then there would be no more people that would do all the dirty and work that is necessary to keep he planet running.
That being said, i also support Elon Musk because he wants to make twitter to a place of real free speech and that is very important in my opinion.

I would guess "printing" money and generating money are different things. If he somehow earns more from the world than he pays, that would be possible to do without needing to print money.

We all know of course he won't be paying that much money, but lets assume for a second that he prints 100 billion dollars, and sells it, and then he decides to give 8% return on it, first of all that is 8 billion a year extra, and he already sold 100 billion dollars worth, so he could use that added money to make an income, and the rest from tesla, twitter, spacex and many others he is making profit already, so could he do it? He might but we all know he won't, that would be idiotic.

[alexandr1115]

And for what purpose to create another stable coin?? Are there really not enough of them on the market? But what's the point of creating another exactly the same coin? I don't quite understand why these Stablecoin are stamped! If this makes sense, then explain. Moreover, the competition among stablecoins in the market is already very strong.

[isaac_clarke22]

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I hope this is a troll post and not really a serious one. You do know that having everyone rich is going to be horrible and the economy will collapse right? If I can recall correctly, Elon would require verified users as well to pay for them to keep their blue ticks for some amount, not sure if it was $8 or lower/higher than that, but surely you got the idea that he is not going to pay his users.

You cannot trust rich person in the media to just let their wealth be shared, right? Sure we have poverty as one of the problems in the economy, but making everyone rich is not the way to solve it nor it is part of the solution.

[Silberman]

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I hope this is a troll post and not really a serious one. You do know that having everyone rich is going to be horrible and the economy will collapse right? If I can recall correctly, Elon would require verified users as well to pay for them to keep their blue ticks for some amount, not sure if it was $8 or lower/higher than that, but surely you got the idea that he is not going to pay his users.

You cannot trust rich person in the media to just let their wealth be shared, right? Sure we have poverty as one of the problems in the economy, but making everyone rich is not the way to solve it nor it is part of the solution.

I hope it is but you never know, just the idea of Elon creating his own stable coin is suspicious as we know what happened with the coin that Facebook was supposed to release and it never did, however the idea that somehow Elon could pay one million dollars to his users per day is simply impossible, Elon cannot even sustain that amount for a single day and I doubt he could even do this if the amount was lowered to a single dollar per user per day.

[lalabotax]

Whatever it is, what Elon Musk does in the world of crypto business might just become something hype and then disappear again. Maybe stable coins for twitter will work fine. However, instead of that, wouldn't it be better to just use Doge or Bitcoin so that it can help increase the price of Doge again? And what's more, too many stablecoins are used and this may not be too significant.

I hope it is but you never know, just the idea of Elon creating his own stable coin is suspicious as we know what happened with the coin that Facebook was supposed to release and it never did, however the idea that somehow Elon could pay one million dollars to his users per day is simply impossible, Elon cannot even sustain that amount for a single day and I doubt he could even do this if the amount was lowered to a single dollar per user per day.

This may end the same, unsuccessful and then will be failed. Too complicated to create the stable coins, moreover, if this is about Elon Musk, there must be clearer concept, and also the backup of the stable coins itself, or this will be big problem again to face.

[erep]

then what are Elon Musk's advantages when he has created a stablecoin for twitter and then has to pay for its use too. Remember that he is a businessman, he will not easily give you money. He would think about the benefits he would get. As the current legitimate Twitter owner Elon Musk is charging $8 for a blue tick, meaning he is concerned about the benefits and also realizes that those with blue ticks are famous people and also have a lot of money.

We have to quote that he is just a businessman and he has applied for an $8 monthly fee for a blue tick, the fee was never there before Elon became the owner of twitter, so it is highly doubtful he will ever release a stablecoin and I can't believe he decided to own a stable coin from twitter because stable coins need high liquidity to maintain their price. I hope he focuses on exploiting the use case of Doge coin for twitter instead of creating another coin that will be bad for the crypto market.

[coin-investor]

I will support Elon Musk if he creates a stablecoin for Twitter

I don't think he'll going to do that he will be in a total mess even if he happens to be the richest man in the world

I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly,

On the contrary, this guy is in the business of making money he is in fact charging each verified Twitter account $8 a month no way he is going to pay 1 million per user pay he is not running a charity you do not know Elon Musk or are you talking with a different Musk

Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.

They are both the same greedy people who will accumulate platforms on the internet to make themselves rich at the expense of their users so stop wishing that they will start making their platform a charity-based platform.

[BitDane]

I will support Elon Musk if he creates a stablecoin for Twitter

I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.

Whatever, it is your choice and you have the right for it.  But in order to convince us to follow your step you could have given a better reason why we should support Elon Musk if he creates stablecoin for Twitter.

then what are Elon Musk's advantages when he has created a stablecoin for twitter and then has to pay for its use too. Remember that he is a businessman, he will not easily give you money. He would think about the benefits he would get. As the current legitimate Twitter owner Elon Musk is charging $8 for a blue tick, meaning he is concerned about the benefits and also realizes that those with blue ticks are famous people and also have a lot of money.

We have to quote that he is just a businessman and he has applied for an $8 monthly fee for a blue tick, the fee was never there before Elon became the owner of twitter, so it is highly doubtful he will ever release a stablecoin and I can't believe he decided to own a stable coin from twitter because stable coins need high liquidity to maintain their price. I hope he focuses on exploiting the use case of Doge coin for twitter instead of creating another coin that will be bad for the crypto market.

From that example, we can say if Elon Musk implement stablecoin, it is to create more money for him.  So it would be a money making stablecoin for Elon Musk that is why I am thinking... what in it for us if we support it.

[Kavelj22]

I have no idea what made you think Musk could issue a Twitter stablecoin because there is no real need for it. And even if these intentions were true, it is not as easy as some might imagine, because Twitter is an American company subject to American laws, and therefore Elon Musk cannot take this step by simply thinking about it. In addition, the platform supports Bitcoin (Lightning Network) and Ethereum, and one of them can be used or a fixed currency in the market can be used. Already, Elon Musk supports Dodge, and I think he would prefer to use Fiat money instead of getting involved in endless technical complications.

[Jody.Drummer]

I have no idea what made you think Musk could issue a Twitter stablecoin because there is no real need for it. And even if these intentions were true, it is not as easy as some might imagine, because Twitter is an American company subject to American laws, and therefore Elon Musk cannot take this step by simply thinking about it. In addition, the platform supports Bitcoin (Lightning Network) and Ethereum, and one of them can be used or a fixed currency in the market can be used. Already, Elon Musk supports Dodge, and I think he would prefer to use Fiat money instead of getting involved in endless technical complications.

Apart from that, we also have to know that Elon is a businessman and of course he will always seek profit in everything he does and by doing this he is not just preparing for Hype again and again. Even if the goal is a stable coin, we also don't know what will happen next because this could only be an initial scheme and in the end it will still be a disposal after getting a lot of profit there.

[Kavelj22]

I have no idea what made you think Musk could issue a Twitter stablecoin because there is no real need for it. And even if these intentions were true, it is not as easy as some might imagine, because Twitter is an American company subject to American laws, and therefore Elon Musk cannot take this step by simply thinking about it. In addition, the platform supports Bitcoin (Lightning Network) and Ethereum, and one of them can be used or a fixed currency in the market can be used. Already, Elon Musk supports Dodge, and I think he would prefer to use Fiat money instead of getting involved in endless technical complications.

Apart from that, we also have to know that Elon is a businessman and of course he will always seek profit in everything he does and by doing this he is not just preparing for Hype again and again. Even if the goal is a stable coin, we also don't know what will happen next because this could only be an initial scheme and in the end it will still be a disposal after getting a lot of profit there.

After the completion of the Twitter deal and Elon Musk's official acquisition of it, it became clear to us that he had involved himself in buying a platform whose value may not be worth half the amount he paid to buy it. The platform has been making losses since 2009, I think. And since Elon Musk is a businessman, one of his priorities is to increase the platform's revenue in every possible way.

At first, he laid off half of the employees, then lifted the ban on a percentage of the suspended accounts, and then presented a project to sell the verified badge for $8 per month. All of them, of course, were not to achieve the expected revenues.
Perhaps launching a platform-specific currency is in the same direction, but it would be a not very successful move either.

[Wahyuihib]

I think it's a really exciting thing for all Elon Musk supporters if he puts out a stable coin on Twitter.  Because after all Twitter is a global media and today's largest. So if Twitter has a stablecoin, it will be easier for it to grow quickly

[MFahad]

I think he will not do this because he wanted to shil doge and if he thinking any coin to be accepted in Twitter it will be Dogecoin. Not biggest changes has been made in Twitter so far and may be it will release something new next year some special .

[isaac_clarke22]

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Was that Libra? I forgot what was the latest name of the coin called, lol. Not sure what happened, but it seems like it just flopped and they shifted their focus on metaverse from what I saw from Zuck's posts to his own page.
I do not even know where do people get the idea of Elon paying his users with millions of dollars. There are way better use of that money than just collapsing the economy from making everyone rich just for the sake of it.
We had enough of recessions/inflations and all those economic stuff that we're dealing with.

[Ararbermas]

1. Creating a stablecoin for a specific platform is a waste of time

2. The stablecoin needs to be backed by something. Elon obviously can't just pay people $1m per day as the stablecoin will instantly nosedive in value regardless if it's backed by something or not

3. You probably need to spend more time in understanding how markets work

very true! Because at the first place elon intention on crypto currency is very clear, wherein to make huge income only not to sustain a stable coins for a platform even he owned twitter it still very impossible because it's literally a waste of time for him.  Probably making more meme project will become acceptable and it makes sense than doing that. Lol

[wheelz1200]

I will support Elon Musk if he creates a stablecoin for Twitter

I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.

I don't think you understand how this works.  With your explanation the price of the stablecoin will just dive into worthlessness.  Also why does he need to make a stablecoin based on Twitter to begin with lol?  The world just wouldn't become "richer".  That's literally impossible