this post was submitted on 09 Jul 2023
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Elone will surely pay content creators. He just doesn't like to pay anyone else.
Except no. If I'm a content creator, what's the guarantee that he'll pay me what I'm owed? His previous pattern of behavior in this space is "maybe I'll pay, maybe I won't."
Anybody with half a brain wouldn't do business with somebody like that.
I get that tech has been different for ages in big part because of the insane investor money coming in, but the industry is starting to maybe be grounded to reality now that interest rates are going up.
Imagine being a small to medium size business and taking on a client or supplier that has a history of not delivering or paying their invoices. Content creators are small to medium businesses and need to operate as such.
Tech is different because people / regulators don't largely understand tech, lots of people praise "moving fast and breaking things" and folks like Elone hand wave over things like bills and pat themselves on the back for being "innovators".
If more people understood that folks like Elone aren't "business geniuses" any more than criminals already are.