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

[asyakashi]

i'm not sure someone like Elon Musk would plan on making stable coins whereas he likes like doge coins and the like which have high volatility I might speculate a bit if Elon Musk might make a doge-like coin.

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[eaLiTy]

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.

First and foremost Elon Musk dislikes people who are entitled. So if you think that you are entitled to get a million dollars for free, good luck with that.  . Elon is smart enough not to create something stupid like a fancy stable currency, which stable currency is transparent enough to show their entire audit report .

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.

Good that you are not in any regulatory board either  .

[Eureka_07]

You want Elon Musk to create a stable coin, while you did not support Mark Zuckerberg to create one. What makes Elon Musk and Mark Zuckerberg to be different?
<snip>

He mentioned from the OP that Mark Zuckerberg intends to be the richest man in the world. And also he said that Zuckerberg is not interested with Bitcoin.

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If he makes a properly backed stablecoin, then he cannot just give out that because he will soon spend all the funds (meaning he will have too much "backing" funds locked for that, which he won't be able to touch, unless he do scam like SBF)
If he makes a stablecoin that's not backed (so out of thin air), as soon as that's being found out, the stablecoin will become worthless and he may end up in jail.

I'm somehow confused, what about USDT? Isn't it only backed up by it's own reserves? What would be the difference if Elon and/or Zuckerberg created their own stablecoin with the same concept as USDT has?

[len01]

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.

looks like your support will be in vain.
maybe you don't fully know that Elon Musk acquired twitter just for his business and I think Elon Musk will have no interest about it and will just waste his time.
and actually without Elon musk handing out $1m per user I think bitcoin liquidity will still continue to grow.
so don't expect more than that

[Hamza2424]

Hahhaha OP i will not at all support this dear Ellon musk the shit poster for dogecoin and all other shitcoins. I think if he approves your plan and follows it then we are going to have the most shaddy stable coin I am not sure about it bro. Its my assumption but I won't allow him to be more stakeholder in crypto market this will prevent manipulation.

[albon]

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 see that Elon Musk will look forward in the future to creating a stablecoin for Twitter, do you think he can pay Twitter users who exceed 1.3 billion every day a million dollars? I don't see any benefit for Musk to do that, and this stablecoin will be backed from what? How will he maintain the stability of the stablecoin price? I see that he can adopt Dogecoin or any currency that is compatible with his interests, but creating his own stablecoin, I think is illogical, and he will not gain anything from it.

What I see in Musk is that he is a smart man and a supporter of Cryptocurrency, and I see that everything he does is the result of a feasibility study, so if he creates a stablecoin for Twitter in the future, then I think that there is something that we do not know and we do not know its results for him.

[Zanab247]

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 don't think, Elon musk will be able to create a stablcoin in this bear season that is affecting both altcoins and Bitcoin. Despite, he has Money to invest on potential assets doesn't mean he can create a stablcoin to pay users per $1m per day, and I don't believe such thing will happen in the community. We know that Elon musk has money but he don't have money to spend to create a stablcoin.

[Raflesia]

I don't understand why Elon and Mark here are distinguished because they are still the same if I compare them in this case.
On the other hand Elon made Stable coin? Is it really something like this that can be feasible for him, especially with all kinds of tricks for commercial materials and personal gain? I think if that was the goal stable coin remained in the end the scheme would still be the same pump and dump as he did and even he would seek his own profit from the start before tearing it down.

[so98nn]

Hm, I stopped reading and making any sense out of the post after they said it will make everyone rich in the world. That is not how the world works and on top of that, it’s not the way financial circle works. If everyone became rich then it won’t solve any problem. There is still laundary to be done and dish to be served which means there will always be differences. I am not being rude here but I am being straightforward here. It is what it is and if there are millions to be distributed then let’s not forget there will be more billionaires and some trillionaires if that’s how the formula is going to work with Elon and his stable coin.

[trendcoin]

...
If Elon Musk pays $1 million per user per day
...

Are you talking about paying $1 million per user per day? I couldn't understand your statement, I'm sorry, I think you are making an irony.


I'm currently using BUSD and DAI, but I must admit that if Elon Musk creates a stablecoin, I can trust it at least as much as BUSD. Actually, I don't trust cryptocurrencies with centralized structures, but I sometimes use them when I have to... Centralized cryptocurrencies are projects open to every entrepreneur. Someone with a good reputation in the public, like Elon Musk, could embark on such a business. I don't see a problem in terms of free market dynamics.

[romero121]

Hahhaha OP i will not at all support this dear Ellon musk the shit poster for dogecoin and all other shitcoins. I think if he approves your plan and follows it then we are going to have the most shaddy stable coin I am not sure about it bro. Its my assumption but I won't allow him to be more stakeholder in crypto market this will prevent manipulation.

He entered the market by situation and have made good fortune out of it. Now he knows the market is big and he waits for the right chance to make money. Being the richest doesn't make him stop making money. He continues to make money out of different products, one amongst is cryptocurrency.

He'll never make it happen, because it'll disturb his network with some issues. If not a hack is more than enough and his money making plans will not be supportive for such move. Whether it is Zuckerberg or Musk, both are just money makers out of technology.

[goaldigger]

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

Depends on its technology and depends on its chain, if its just like other stablecoins who failed already then I wont take such risk. If Elon will create his own crypto, we can expect it to be more centralized and pricey, with this I will not take a bite on that trap because I know, regulations will be more active. Bitcoin is the best option for me, Elon is just a hype and he manipulates the market, so better to be careful.

[Captain Corporate]

Stablecoins are not really my favorites really, they are stable and someone makes it stable and that means we trust them to make it stable. Just take USDT for example, if they end up bankrupting tomorrow just like FTX did, what could we do? We are talking about tens of billions of dollars and its not impossible for them to bankrupt neither, they are human after all and they could make mistakes as well. If Elon creates one, there is always a chance he could fail too, and that's not something I would like to be part of. Crypto is crypto, its decentralized and I rather keep it that way if I can, easier on my mind.

[Party24*7]

Creating a stable coin will not help him bring profits and he does not have time to create and distribute for free for everyone. Are you dreaming? He is a person who always has a business mind that will see money everywhere, so he will continue to play with Doge instead of creating a stable coin.

[blockman]

Do you think that he'll just handout money for free? I don't think so, he's a master of manipulation and the recent that I've heard of him is about making competition to the monopoly of iPhone and Android phones. That's more interesting rather than him making his own stable coin.
He doesn't have to make one, although for sure there will be flock that's gonna follow him with that and then its name will be easily be heard because of how noisy his name is with the media.

[WalkerIVIV]

creating such coin for elon would be such silly idea mainly because he couldn't make that much profits out of it, added with the fact that having such coin require tremendous money reserved in which I'm sure would be a bad idea for elon after he has owned twitter with billions of his money. now even twitter is becoming chaotic I think creating such coin will be the last thing that elon would be thinking of.

[nimogsm]

This is the most strange idea.At the moment,I don't see much interest Elon in cryptocurrency and its full integration on Twitter.I can't even imagine the economy of the future stablecoin and who will use it.And why did you decide that he would give out money for something?

[glendall]

what is the difference between mark and elon? I think both of them have the ambition to become the richest person
if twitter creates stablecoin too. like Facebook I'm not sure it will be successful, Facebook should have been an early example of creating stablecoins so far it has shown no results,

try to innovate more, don't just rely on stablecoins, because crypto is not a tool for creating money and the benchmark for one platform is to be big
By paying blue tick royalties, I think Elon can already benefit from it without having to create a stable coin

[fuguebtc]

Do you think that he'll just handout money for free? I don't think so, he's a master of manipulation and the recent that I've heard of him is about making competition to the monopoly of iPhone and Android phones. That's more interesting rather than him making his own stable coin.
He doesn't have to make one, although for sure there will be flock that's gonna follow him with that and then its name will be easily be heard because of how noisy his name is with the media.

I've heard about it too but he doesn't make phones to compete with apple and google, that only happens if those two companies remove the Twitter app from their platforms. This is just someone's question and he is the one to answer.

Elon and doge get along so well and it's enough to make a profit for him, there's no reason he needs to build himself another stable coin. I feel a lot of people are blindly crazy about Elon, recently someone came up with the idea that Elon will buy the forum and now the idea that he will create a stable coin. He is not a crypto enthusiast like we think, what he needs is money and he is also doing very well now without creating anything more.

[Desmong]

If Elon Must create its own stable, there is good possibility that many persons would want to buy it as fast as possible because we all wants to make money but I am not sure if the government will accept that just like the way Mark Zuckerberg was attacked when he brought out his idea to create his own coin but the government never support that idea.