In a nutshell: we have unclear comments from Musk and unclear statements in the FAQ (which might not have been written by a technical person). Until they release a technical white paper, we don’t know anything for sure.
That doesn't mean that we know for sure that the team doesn't have cryptography experts, but ... I have my doubts. Surely we'd have heard details by now if that was the case.
(I mean "Bitcoin style"! The most important part of encrypted chat is confidentiality, and no part of Bitcoin's architecture even ATTEMPTS to ensure confidentiality! Everything's permanently stored in plaintext on the public ledger FFS!!!!)
He then invested in OpenAI, is still trying to make FSD a thing, wants humans and AI to merge via Neuralink, made humanoid robots, and made grok because he parted ways with OpenAI.
If he knows what he's talking about in general, this combination makes him a demonolater.
Given how often (and for how long) he keeps saying FSD is just around the corner — and how poorly recieved have been TBC's tunnels, Neuralink's research, grok, Twitter's changes under Musk, Optimus, Cybertruck, his comments when sharing a video of him attempting to play high-leveled characters in some video games — I have every reason to think he doesn't know much outside of rockets and sales/motivational speeches.
I don't even need to reference the salutes, supporting AfD, DOGE etc. as examples here.
Doing so, is a business tactic. We know he is full of shit, but it gives him some kind of status in front of other business people.
This is just the latest example.
Correct
Bitcoin’s creator demonstrated an impressive mastery of cryptography—- it was made to be extremely resilient (including to quantum computing) and no one has ever broken it despite billions of dollars being on the line. Maybe Musk meant to say that he thinks his product will be similarly resilient.
He might also mean that the secp256k1 elliptic curve (which Bitcoin uses) is also used by their product in some way, such as for a key exchange.
You can read anything with the assumption that the writer is an absolute idiot, but I’d give the world’s richest man more credit than that.
Before the pandemic, I would've said similar, even despite some of his errors of judgement.
Since then, and the trend started earlier, it has become difficult to ignore that (1) he responds poorly to experts contradicting him, and (2) outside his actual domains of expertise (rockets and sales/motivational pitches*) he's just as much of a noob as everyone other opinionated loudmouth on the internet.
* the latter of which is, IMO, one of the two big reasons Tesla share price is 10x to 30x what it should be, and that in turn is why he's the richest man on the planet.
The other is that surviving the stock shorters probably burned people off shorting that stock, so the market is mostly now mostly just the exhuberent optimists unbalanced by doubters.
That would be a step ahead of most of the ultra wealthy, in my humble experience. Family money seems to do nothing positive for critical thinking skills or practical experience.
Paying someone to level your character is officially against Blizzard's rules in all of their games, but their lack of enforcement reveals that they don't care as long as the monthly payments clear. World of Warcraft is overrun with people selling gold and boosts-- given that they're openly advertising this in Stormwind, it wouldn't be a stretch to call it de-facto legal (or at least decriminalized). Heck, Blizzard is selling gold and level boosts on its own website! [1]
[1] https://us.shop.battle.net/en-us/family/world-of-warcraft
Using crypto as a phrase makes it more interesting for journalists, gives them something to pad their articles with.
You say musk has no idea, but he has too talent working for him and they will explain stuff.
He will then think of the PR and Sales angle and adjust the product/press releases accordingly.
On the other hand, he promised that Grok 3 would be massively better than ChatGPT, and it turned out to be comparable at best.