🍪 Paypal meets crypto and a cage match update
Happy Thursday, friends. This is Bite Sized Beta. We’re the dino nuggets of tech - snackable, satisfying, and the life of any party.
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Alright, let’s get to the good stuff.
In the oven this week:
🥊 A cage match update, plus Paypal gets into crypto
🗳️ Poll of the week: crypto - hot or not?
🍪 Cookie crumbs: 5 bite-sized headlines
💬 Tweet of the week: stop working so hard
🍫 Chocolate chips: 4 of our favorite finds
😂 Snickerdoodles: Thursday memes
FRESHLY BAKED
THE CAGE MATCH IS…ON?
I know, you’re tired - TIRED, of hearing about Zuck and Elon.
But drama is a spectator sport, and we are grade A spectators!!
It’s our duty to report the tea.
Us, reporting for duty
So here’s the latest on the whole cage match, ‘cause it’s gettin’ good.
This week, Elon tweeted (X-eeted?) that he was preparing for the fight by lifting weights at work, and that it would all be live streamed on Twitter to raise money for charity:
Am lifting weights throughout the day, preparing for the fight.
Don’t have time to work out, so I just bring them to work.
— Elon Musk (@elonmusk)
Aug 6, 2023
Zuck v Musk fight will be live-streamed on 𝕏.
All proceeds will go to charity for veterans.
— Elon Musk (@elonmusk)
Aug 6, 2023
Zuck’s responses are hilarious:
Elon shoots back and plays the sick card, but maintains that he could still win:
@Tillsbury1@xDaily Exact date is still in flux. I’m getting an MRI of my neck & upper back tomorrow.
May require surgery before the fight can happen. Will know this week.
— Elon Musk (@elonmusk)
Aug 7, 2023
@maurice_lippy If the fight is short, I probably win. If long, he may win on endurance.
I am much bigger and there is a reason MMA has weight divisions.
— Elon Musk (@elonmusk)
Aug 6, 2023
At this point, the cage match pretty much has to happen. For all the airtime Elon’s given it, it’d be too embarrassing if he backed out, even for medical reasons.
LFG!! We’re on the edge of our seats.
THE BIG PIZOOKIE
PAYPAL 🤝 CRYPTO
Ah, what a lovely morning. The birds are chirping, the kids are playing, and … wait, ya hear that?
The crypto degens are changing “WAGMI!!” in the distance.
Yup, the crypto fiends are comin’ outta of the woodwork again as PayPal launches a stablecoin called PayPal USD (PYUSD).
Stablecoins are generally pegged to something to avoid volatility - a commodity, currency, or other financial asset. In this case, PYUSD pegged to the US dollar.
But before you get too excited, it turns out some developers already looked into the code and found some major red flags.
Turns out, there are some kinda sketchy things happening under the hood:
The owner (aka PayPal) can freeze addresses and wipe funds
They can pause all transfers
They can even increase the total supply of tokens whenever they want
PayPal has been around for ages, but with crypto, you always gotta check for questionable behavior.
Stay safe out there, friends.
POLL OF THE WEEK
ARE YOU STILL INVESTING IN CRYPTO?
Chamath says crypto’s dead.
Sequoia’s downsizing their crypto fund.
But Coinbase is crushing, and big fintech co’s like PayPal are still getting into crypto.
Give us your take:
Are you still investing in crypto? Vote below! 👇🏽 |
COOKIE CRUMBS
BITE SIZED HEADLINES
Last week, Mr. Beast sued his ghost kitchen partner over some nasty burgers. Now, they’re counter suing Mr. Beast for $100M, saying he didn't fulfill his contractual obligations to create publicity for the burger. Maybe ‘cause it was gross?? The beef continues…
If you're dying to replace your cracked iPhone, you might just be in luck - the new iPhone 15 is launching on Sept 22.
WeWork says there’s “substantial doubt” it’ll stay in business. Apparently their net margin is -47%. How’s that for an investor update?? Their stock plummeted 25% on the news, naturally.
FROM THE COOKIE JAR
TWEET OF THE WEEK
This Reddit post hit me hard.
— Sahil Bloom (@SahilBloom)
May 17, 2023
Your weekly reminder to take off your shoes and enjoy life.
CHOCOLATE CHIPS
OUR FAVORITE FINDS
Some dude analyzed all the articles and lists on the best burrito in San Francisco and finally figured out where to actually get the best burrito in SF. The people are doing god’s work out here!
SNICKERDOODLES
THURSDAY MEMES
Even Zoom doesn’t believe in remote work
— gaut (@0xgaut)
Aug 6, 2023
The year is 2033. A New York iced latte is $3,000.
— Jackie B (@jackieberardo)
Jul 29, 2023
😂
That's all we got for ya this week, folks. See ya next Thursday!
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