What is the greatest thing Musk has done?
To answer this, we need to ask:
Why is the Delorean made with brushed stainless steel panels?
The reason is that California would not allow him to paint the cars he manufactured in California.
Musk paints (painted, past tense) cars in California. How did he do that?
How did Musk get Paypal to exist?
I thought about making a P(H)atreon before it existed.
And, i couldn't do it without becoming a payment processor. And couldn't do that without being a bank. And couldn't do that without express permission from the Fed.
So, how did Musk make Paypal?
Everything Musk has done has been out of Popular Science or Popular Mechanics magazines back in the 70s. They are not new or innovative. Musk has just gotten them past regulations, somehow. Even gotten a lot of money from the govern-cement.
It's a big deal for sure and the hurdle of going through the process can be extensive and with any of the payment processor stuff it starts to get worrisome that they are going to invoke all these laws and you are going to be mired in legal battles.
I had the first Bitcoin ATM in Arizona and at first I didn't think much of it. It was mainly a small test but then the way other people were talking it started to get me more worried. I wanted to start expanding the network but I needed more sophisticated units and it was going to cost a lot so I put that all on hold and sold the first unit. 4 years after that I received overnight correspondence from FinCEN about that unit and damn near and a full on panic attack because over the years there would be various articles about guys being sent to Club Fed for selling coins on Local Bitcoins and I always thought they might try to come down hard on the Bitcoin ATM network.
Ultimately a lot of the companies were able to expand and create sizable networks and there was solid money in that. It was like I was on the bleeding edge of that.
Also we have seen guys get their backs blown out by the SEC. Bittrex fully went under because of the attacks from the SEC. It's a lot to deal with and I'm sure some of them wished they would have never attempted some of this stuff.
I find the story of John DeLorean very interesting and ultimately they seem to have set him up and also we can learn that his wife just up and peaced out when things weren't looking so great. The stories essentially act like he died broke. He couldn't ever fully get back on his feet and find his stride after that.
I get why guys decide to play it safe and just be a gear in the machine and stay quiet. I also get why others do risk everything for that chance in the sun.
The system is rigged against us and people are fighting over the same sunlight.
I have studied this space for over 11 years and some of these guys have gotten sued even after trying to take certain steps to prevent that.
The SEC might meet their match against Ripple Labs, Richard Heart, Kraken, Coinbase, and Trump.
As for us I feel like we don't have as much of an option. Things are unraveling fast and the AI is going to displace 80% of these workers in the next 2 years. It is actually extremely scary in some respects. I'm going to have to make my move to get more economic energy to thrive when things really come apart.
The SEC are mafia thugs. But, they are the nice thugs.
Then the Federal EndTable of Intimidation mafia thugs show up to make a deal or silence you.
The only thing that really aids us is the Streisand Effect. They have to be careful that their silencing keeps you quiet, instead of making you louder.
100% Mafia Thugs. Just bully companies out of money to be playing the game. Ridiculous and I have taken a lot of notes.
100% the best way to handle that.