Blockchain
On Friday, October 28, the world’s richest man Elon Musk efficiently accomplished his deal to accumulate Twitter. Quite a bit has been taking place within the area since with Musk asserting some content material moderation plans and rather more.
As per the most recent particulars. Sam Bankman-Fried, chief of crypto trade FTX had proven some early curiosity in investing in Twitter when Musk was buying an enormous stake round March this 12 months. As per a sequence of Musk’s personal texts made public throughout Twitter’s lawsuit, the FTX chief had proven curiosity in implementing blockchain expertise on Twitter.
Will MacAskill, a prime advisor to Bankman-Fried, texted Musk on behalf of SBF. On March 29, he messaged Musk writing:
“I’m unsure if that is what’s in your thoughts, however my collaborator Sam Bankman-Fried has for some time been doubtlessly desirous about buying it after which making it higher for the world.”
Curiously, Musk responded again asking whether or not SBF had “large quantities of cash?” MacAskill responded by saying that SBF was value a staggering $24 billion at the moment and was keen to speculate anyplace between $8 billion to $15 billion.
Musk and SBF’s Trade of Texts Over Twitter
In April, Musk exchanged just a few textual content messages with FTX chief Sam Bankman-Fried. Among the prime executives from the crypto and the banking area obtained in contact with Musk explaining if he can get on widespread floor with SBF who had a grand imaginative and prescient on blockchain and social media integration.
However Musk turned down the thought saying that he wasn’t desirous about a “laborious blockchain debate” with SBF. Chatting with Morgan Stanley banker Michael Grimes, Musk defined:
“Blockchain Twitter isn’t potential, because the bandwidth and latency necessities can’t be supported by a peer-to-peer community, except these ‘friends’ are completely gigantic, thus defeating the aim of a decentralized community”.
Many leaders have proven curiosity in constructing social media platforms on a blockchain platform. These leaders imagine that blockchain would assist democratize person information. Nevertheless, not sufficient work has occurred on this path to this point.