He seems to have an instinct that the power users of the platform are willing to pay in a way

that they've never been asked nor able to. It really is about a fundamentally different business

model for a content network than we've seen, and there is potentially a huge inherent disruption

there. It's not surprising to me that he's maintaining the idea that it's for bots. Remember,

the reliance on advertising has been called the internet's original sin.

And holding aside any controversy that you feel about Elon, this will be one of the most

fascinating experiments in modern social networks.

Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk.

What's going on, guys? It is Tuesday, November 1st, and today we are talking about Elon, taking over Twitter, whether there's a payments play,

what the role for crypto is.

But before we get into that, however, if you are enjoying the breakdown, please go subscribe

to it, give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us on the Breakers Discord.

You can find a link in the show notes or go to bit.ly slash breakdown pod. Also a disclosure as always, in addition to them

being a sponsor of the show, I also work with FTX. All right, folks, well, as I mentioned last week,

we are currently down as a family in South America and a couple things that means. One is, like I said,

you'll be getting more interviews interspersed with these regular shows. I did haul down the equipment because I didn't want to miss anything huge for two weeks of being

down here. But second, the quality might not be quite what it normally is. It's a little echoey in

here, but we're going to do the best that we can. So today, we are talking the latest in the

Bird app. On Thursday, Elon Musk closed the Twitter deal on the original terms.

...