My theory is Musk is trying to bankrupt Twitter quickly so he can minimise his losses, after his impulsive ego finally had some consequences. I think Huffman thinks Musk is a genius and is trying to emulate him by pivoting into crypto, to create his own PayPal style pay day.

I also don't think he's going to be able to create the perpetual motion money machine he's expecting, but it's not like he's going to go personally bankrupt trying. Graphic artists are a cheap labor business expense compared to the potential gain, and at worst you get your own marketplace out of it.

It would be easy enough to launder cash through such a system that he'll probably make more money than most will ever own in their lifetime. Even if 99% of it is only ever traded for less than a dollar.

The question I have is whether he's competent to keep enough users for a long enough time to buy a personal fortified island or just a personal apocalypse fort.