Re:
by billfor on Sunday February 09, 2025 @04:50PM
(#42994428)
Why can't he send a team of teenage programmers to audit? He cofounded paypal which is payment system. Presumably he knows about things like payment systems, fraud, etc... Seems to me Paypal had their fair share of youngsters and it worked out fine. He's found missing payment codes for most of the treasury transactions, no notes about transactions, payments to entities or persons on blacklists, etc... AFAIK he's actually finding stuff that nobody was able to find for recorded history, so .... why not give it a try. Treasury has already been hacked numerous times and I think we can assume that this data that people are so concerned about is already out there in the wild. If I want somebodies social security number for example, it's pretty easy to get it.
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> He cofounded paypal which is payment system. Presumably he knows about things like payment systems, fraud, etc...
No, he didn't. He founded x.com as a payment system which was substantially less popular then paypal. Due to a bunch of mergers of parent companies, x.com and paypal had to merge. Musk became CEO and the whole thing was later sold to ebay, he left and cashed out big. That whole timeline unfolded in just a couple of years.
So his actual experience is not that long. And besides that all unfolded in 1999. I have no idea what your age is but that was a different time and payment system knowledge from that time isn't worth that much nowadays.
Re:
by StackRanker3000 on Sunday February 09, 2025 @06:53PM
(#42995411)
You’re leaving out that he was ousted by Thiel and the board because they thought he was about to fuck up the whole thing. By the time they sold to eBay, he was the largest shareholder, but no longer involved with the operation of the company.
And famously was given the boot for pursuing dumb technical decisions too.
Isn't there a tell-all book or three about the founding of PayPal? I think many people here have read those books, and some readers here were involved? Please, enough breathless conjecture, the content is serious enough..