Discover more from Risky Reads
The End of Twitter
As the blue bird falls, the yellow dog rises
Since Elon took over Twitter, doubters have been predicting the site’s demise at every turn.
Last night, Twitter finally died, just not in the way they’d expected.
Let’s take a look at how the bird was finally retired, and why its departure makes room for the dog ascendant.
Saturday night, Elon announced Twitter was phasing out its bird-themed brand in favor of X, the site’s new name.
Then, he kicked off a logo-making contest.
About an hour later, he posted a short video using a logo from Tesla journalist Sawyer Merritt, who credited the original design to Alexandre Tourville.
Around the same time, Elon popped into a Spaces titled “No one talk until we summon Elon Musk” to confirm the logo change was real (by that point, the Space had been running for over an hour in complete silence).
When asked why he was changing the logo now, he said “it should’ve been done a long time ago.”
The idea for X goes back two decades: Elon’s second startup was a financial services site called X.com that aspired to become the Internet’s first digital bank.
Eventually, the original X.com merged with Peter Thiel’s Confinity to form PayPal.
When PayPal was acquired by Ebay, Elon used the money from the sale to found Tesla and SpaceX while his financial ambitions simmered.
The Internet has changed a lot since 1999. Today’s X will likely surpass Elon’s wildest ideas from back then.
On Sunday, CEO Linda Yaccarino articulated her vision, calling X “the future state of unlimited interactivity — centered in audio, video, messaging, payments/banking — creating a global marketplace for ideas, goods, services, and opportunities.”
A big question in the minds of many is what role crypto will play on the new site.
Back when it started, PayPal aspired to create its own Internet-native currency, but never got it off the ground.
It’s almost suspiciously convenient that Bitcoin emerged organically a decade later, and Dogecoin a few years after that. With adoption of both currencies growing steadily into this decade, the stage appears set for digital money to find its home at the original online bank.
As circumstance would have it, Elon has been teasing the connection between X and Doge for months.
Last year, I tweeted about X.com becoming a combo social media and financial services site which runs on Dogecoin. He seemed to approve of the idea.
In March of this year while the regional banking crisis was going on, he posted a crypto meme joking there’s no safe place to store money.
I responded that a Doge-powered X could be the solution, and he approved of that too.
Late last night, X officially went live,
A few minutes later, Elon liked my proposed logo for X, an Art Deco design backed by a silhouette of a Shiba Inu.
He also highlighted this meme connecting X to Dogecoin.
Shortly after, the X logo started appearing in several places on the site.
Elon then changed his location to “𝕏Ð”—a combination of Twitter’s new logo and the Dogecoin “Ð”.
With all this in mind, it’s hard to imagine a more bullish development for Doge than the arrival of X.
The most interesting place on the Internet is entering a new era, and Dogecoin has never felt more inevitable than now.
The bird has served Twitter well over the years. May Doge rise ascendant in its place.
Thanks for reading! Consider sending a tip or Subscribing on Twitter to help keep the newsletter going!
Memes of the Week
It’s ALL Risky!
Thank you, kind reader, for reading and subscribing to this newsletter. I really appreciate it!
If you haven’t already, please sign up to this email newsletter for more weekly articles like this one. Also, please share it with a friend or on twitter if you enjoyed this article.
What do you think? Is Dogecoin tipping on the way? Let me know!
Remember, Dogecoin is risky. But then again, it’s all risky!
Follow on twitter at @itsALLrisky
Send an email to itsALLrisky@gmail.com
Send a Doge tip: DJ2zTEdHBD3guHLfVaNBaypr6bHFG5Nwfw
This article was written in collaboration with @CryptoDogDivine, give them a follow!
Don't forget to subscribe to this newsletter!
Disclaimer: This is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
At the time of publication, Dogecoin is around $0.07 per coin.