Elon Musk: Bitcoin and Digital Currency NEWS INTERVIEW

 

If people 

has definitely I mean it hasn't moved much since from when when it was sort of bought by eBay the the long-term vision that I had for PayPal sort of in sort of finance was to - well it's it sounds but strangely due to convert the financial system from a series of heterogeneous insecure databases to one database or well not one database but maybe there'd be like a few more the money is just a number in a database that's what it is and it's primarily an information mechanism for labor allocation and the current databases are not very efficient like they're you know there are these old legacy mainframes that don't talk to each other very well have core security and only do there and do vast processing once a day are you glad PayPal is being spun off it's probably the right move and what would you do with it well I think I think I converted into more of a full-service financial institution so you just you'd want to do all the things that a consumer you want to have like all the financial services.                                                                                                                                                          That somebody needs in one place seamlessly integrated together and easy to use and I really really care about the consumer I think a lot of banks don't seem to care that much about the customer so I think there's not ready to be like a really good Bank effectively but but but much more than what people think of it do you think Bitcoin will be disruptive in that way and we're now it's speculative currency will it be something that will be what normal consumers would use and will disrupt the banking industry my opinion but coin is that I mean I think Bitcoin is probably a good thing but it's it's essentially its main thing the thing will be Haven this is probably good quartered here in there but the it t's it's I think it's primarily going to be a means of doing illegaL transactions but that's not necessarily entirely bad because you know .

               some things should be maybe shouldn't be 

illegal so but the combination of Silk Road and Bitcoin will save us well it will be useful for legal and illegal transactions otherwise would have no value as a use of for legal transaction because you have to have a legal to illegal bridge yeah I don't own anY Bitcoin all right.