red750 Posted August 10, 2017 Share Posted August 10, 2017 From CNN Tech: Real life ironman - Elon Musk, has just announced that he is about to quit his position in Tesla in order to make room for a new business venture which he believes will change world more than Tesla, SpaceX and Solar City ever could. His new venture is called RefFeed and, although he didn't come up with the idea, he invested $93 Million in it which allowed him to control all of the RefFeed decisions. What exactly is RefFeed? RefFeed is a financial technology with the plan to redistribute worlds wealth. Basically, to take from the top 0.1% and give back to 99.9%. Elon believes wealth is not distributed well in our age, and although there always will be someone richer and someone poorer, the current situation is not acceptable, where top 0.1% controls almost 90% of world's wealth. Musk believes he can cut that down to around 20% without causing world-wide financial crisis. So what exactly does that mean to you, the regular middle or lower class person? This means you will become 2 - 3 times wealthier, and no one except the super-wealthy will take a hit. Sounds amazing, doesn't it? Ok, the theory is there, but how will it work you might ask? Overall, the idea is easy. The top 0.1% keep their wealth invested in stocks, and Wall Street brokers trade these stocks for them. The idea is to beat the Wall Street traders in their own game - make winning trades so Wall Street with their hoards of wealth slowly but surely starts losing money. Just like a poker game, where a new player comes along on the high-stakes table and starts winning. In order to do this you would need a better stock movement predictions than the Wall Street has. With the help of cloud computing, it can be done, and it's actualy being done now as RefFeed has showed! This is exactly the reason why Musk jumped on this technology as soon as he heard about it. It's revolutionary. Link to comment Share on other sites More sharing options...
Old Koreelah Posted August 10, 2017 Share Posted August 10, 2017 I bet shares in SpaceX, Tesla and Solar City take a big hit... Link to comment Share on other sites More sharing options...
Happyflyer Posted August 10, 2017 Share Posted August 10, 2017 Strange this isn't all over the news tonight if true. 1 Link to comment Share on other sites More sharing options...
Akromaster Posted August 10, 2017 Share Posted August 10, 2017 His split from Amber is obviously bigger news. Link to comment Share on other sites More sharing options...
Marty_d Posted August 10, 2017 Share Posted August 10, 2017 It's not the first of April, is it? 1 1 Link to comment Share on other sites More sharing options...
cooperplace Posted August 10, 2017 Share Posted August 10, 2017 His split from Amber is obviously bigger news. Amber? I thought she was hitched to some bloke named Johnny? Link to comment Share on other sites More sharing options...
bexrbetter Posted August 10, 2017 Share Posted August 10, 2017 It's not the first of April, is it? It is somewhere in the World. Oh wait, that's beer time. 1 Link to comment Share on other sites More sharing options...
SDQDI Posted August 10, 2017 Share Posted August 10, 2017 A quick google shows up a lot of scam warnings along with some articles claiming Bill Gates invested 2 Billion in it. So if Bill invested 2 Billion why would he let Elon make ALL the decisions for an investment of 93 Million? BS meter is off the charts on this and I certainly would caution anyone against investing in such a scheme. Link to comment Share on other sites More sharing options...
red750 Posted August 10, 2017 Author Share Posted August 10, 2017 Must have been a fake CNN logo - just like the Don says, fake news. Link to comment Share on other sites More sharing options...
Marty_d Posted August 11, 2017 Share Posted August 11, 2017 Must have been a fake CNN logo - just like the Don says, fake news. The difference is, the Clown thinks real news is fake news. Maybe he should put a couple of billion in this scheme. 1 Link to comment Share on other sites More sharing options...
Marty_d Posted August 11, 2017 Share Posted August 11, 2017 Which bit of that deserves a caution, TP? Is calling Trump a "clown" (which, I admit, unfairly slanders clowns) going to result in him raining nuclear fire on Tassie? 4 Link to comment Share on other sites More sharing options...
turboplanner Posted August 11, 2017 Share Posted August 11, 2017 Sorry, I thought I was just scrolling 2 Link to comment Share on other sites More sharing options...
Mike Borgelt Posted August 13, 2017 Share Posted August 13, 2017 What a garbage thread. I checked some spaceflight blogs and websites and there is no mention of this. Link to comment Share on other sites More sharing options...
Mike Borgelt Posted August 13, 2017 Share Posted August 13, 2017 Oh, and SpaceX is private, not a public company. Link to comment Share on other sites More sharing options...
jasmreid Posted August 20, 2017 Share Posted August 20, 2017 Strange that your link to RefFeed points to some obscure site in .co (Colombia). Mouse hover is your friend - I always warn folks to mouse-hover before they click and if the link doesn't look like some place you want to go DON'T CLICK!!!! 1 1 1 Link to comment Share on other sites More sharing options...
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