Will Elon Musk decentralise Twitter?

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Will Elon Musk decentralise Twitter?

Direct from the desk of Dane Williams.



No, Elon Musk will NOT decentralise Twitter.

Honestly though, what a stupid question to ask.

The question should probably be rephrased to why would Elon decentralise Twitter?

I mean he’s just ploughed 2.8 billion dollars into the company.

You really think he splashed that sort of cash to simply gut the company and decentralise how the network makes money?

To suddenly disregard all laws and open not only the company but himself up to a raft of lawsuits everywhere someone is berated online?

For the good of humanity?

Haha, oh okay.

If you answered yes to any of these questions, you’re living in another universe to the one we do.

There is simply no way in the world Elon Musk will, let alone even can decentralise Twitter.

It’s just not going to happen.

Elon Musk - All lip service when it comes to decentralising Twitter.

Elon Musk just bought a stake in Twitter

Taking a step back and dissecting today’s big market news, Elon Musk just bought 9.2% of Twitter.

Elon bought 73,486,938 shares of common stock and with TWTR shares trading at $39.31 at the close on Friday, that means it was a cool $2.8 billion trade.

Not too shabby, right?

Oh boy, you know what I just realised?

Here I am giving out 0.1 slices of PIZZA tokens here on Hive, worth under a cent each.

Why don’t the Pizza lads allow you to use all 10 of your 0.1 token tips in a single hit is what I want to know.

But that’s an argument for another day.

Back on track!

Twitter will never be censorship resistant

Funnily enough, just before pulling the trigger on his Twitter buy, Elon used the platform to conduct a cryptic Twitter poll.

“Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” He asked.

https://twitter.com/elonmusk/status/1507259709224632344

At this point, I’m fully convinced Elon Musk is just fucking with us all.

He of all people is intelligent to understand that if free speech is essential to a functioning democracy and that decentralised social media is how this is achieved, then Twitter will never be the solution.

Just like I’ve spoken about when it comes to new social media platforms like Gettr, there is a difference between saying you’re censorship resistant and making censorship technically impossible.

And obviously only one of these matters.

The platform will NEVER fall under the second category no matter how much lipstick Elon tries to slap on it.

Twitter will always just be nothing more than the metaphorical pig.

Hive is the perfect home for a decentralised Twitter dApp

Anyone that truly cared about freedom of speech would simply build decentralised social media applications on Hive.

With no pre-mine, decentralised token distribution and a battle tested ability to defend itself from being taken over by any single entity, Hive is the solution.

Boasting fast and free transactions, the Hive blockchain is tailor made to host a decentralised social media dApp that can go mainstream.

You see, Web3 Hive accounts are censorship resistant at the blockchain level and allow for users to connect to a multitude of different social front-ends.

Front-ends that extremely wealthy, philanthropic entrepreneurs who claim to care about freedom of speech…

Say like Elon Musk?

…Could build.

Instead, Elon chose to continue using a platform incapable of decentralising, to just ask the same tired old questions.

It’s all just lip service.

Best of probabilities to you.

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Well, I guess it's politicking at it's finest. Elon probably knows that decentralization seems like the new normal making the rounds. He's purely a business man and having twitter the way it is benefits him, the question people should ask is how will that even benefit him? Because I don't think the likes of him are out to make humanity better.

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Seems I'm not the only one who sees right through him...

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Well, it's not everyone who does, people like us, definitely do see right through him

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I completely agree with every word you say here. It's just another bullshit move that brings him in the hot spot of the attention, it will maybe even drive up the share price ... but besides that? Nothing will change!

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Drives up the share price and benefits his bottom line.

The man is a money making machine.

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I didn't know he bought the stake. Personally I don't think it moves the needle on anything and I'm pretty sure you're right that Elon is just fucking with us on basically everything.

Still I'm curious why he decided to make the move.

As far as hive goes, I really wish hive would build in a shorter form of communication. I don't want to be a twitter clone but there are just so many times I have a quick thought I want to put out but I feel like I need to make it a 1 page post with three images to be worthy to post here.

Here's 1 whole !LOLZ worth about .05 cents

And here's .2 of !WINE worth about .08 cents and .1 !PIZZA worth .004 cents

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Many of us here on LeoFinance are waiting for the team's much touted short-form project still code named Project Blank.

We do have dBuzz but the issue is that Hive turns 'Tweets' into posts and therefore receives a ton of autovotes.

They need to be a different type of transaction.

Have some worthless !PIZZA spam right back ;)

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I don't know how anyone keeps up with hive. I never know whats going on. I don't know who the team is or what the next goals are. I just hang out because its enjoyable when I'm not mad at Splinterlands lol.

Thanks for the !PIZZA spam. Here's some used to have value but is now pretty much spam !PGM and let me see if the !LOLZ and !WINE work again. Oh, and have you ever tried "a little bit of !BEER "?

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Sent 0.1 PGM tokens to @imno, @forexbrokr

remaining commands 9

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500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get votes from @ pgm-curator by paying in PGM, here is a guide

Create a HIVE account with PGM from our discord server, here is a guide

I'm a bot, if you want a hand ask @ zottone444

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(Edited)

PIZZA! PIZZA! PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
tokenizedsociety tipped forexbrokr (x1)
forexbrokr tipped imno (x1)
@forexbrokr(2/5) tipped @tokenizedsociety (x1)
imno tipped forexbrokr (x2)

Join us in Discord!

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Fair article, and what most people don't realise is that he own 9% of twitter but aside from making some board decisions there not much gonna change in the daily things that happen on twitter( apart from more dogecoin ads)

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It's a bit irrational to expect Elon to solve all free speech problems on the internet by burning through his own money... Billionaires simply don't operate like that.

If they wanted to help they would stop ignoring Hive. Simple as that.

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I'm just frustrated by the fact that Elon markets himself as said problem solver.

I don't expect him to spend his own money to solve problems for anyone but his shareholders.

Just stop fucking with us!

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I agree with everything you say but we are so easy to fuck with. I'm sure it's too tempting for them lol

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Elon has a habit to create a ruckus on Twitter. This is a billionaire's play. 😂

Just imagine, @elonmusk making a censorship-resistant social media platform & the next day top trending posts on it are by Tesla's ex-employees who got fired for speaking up against him. 😂🙈

#FreeSpeech

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Good post. Those believing that Elon will change anything about Twitter being and acting as a pure web2 are living under a rock.

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It's up to our community here at the grassroots to keep building decentralised social media.

Right now, nothing comes close to Hive.

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My thoughts exactly.

The bottom line is Web 2.0 applications cannot transition to Web 3.0. It is impossible even if Mush wanted to. Can he make it Web 2.5? Perhaps.

We simply need to roll out #ProjectBlank and be done with it. LOL

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Project Blank can't come soon enough.

But boy I'd like to see Leo's marketing strategy flipped on its head.

Don't market anything before the fact because it just leads to disappointment.

Under promise and over deliver!

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I don't think Elon will decentralize Twitter because he has to deal with all the stuff built up over the years and his stake doesn't allow him to just get rid of that. It's not going to work but I guess it may buy some time and make things more bearable for him I guess.

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I am sure you are right. With that kind of investment, why would you decentralize? Thanks for your post

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Elon makes himself out to be this great saviour of freedom of speech.

But all he's really doing is marketing his personal brand.

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Elon musk investing in Twitter, May push old people out of the community or it will attract New people. His investment is a challenge to investors because sometimes heavy investment help the community to grow or it kill the community when the investor push his money out of the community.

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He put money into platform he can control and he is well known of sanctioning people over basically anything.

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Key word there being 'he can control'.

As I said in the post, there is a difference between a platform choosing to be censorship-resistant (at that time) and a platform being technically censorship-resistant.

Twitter will only ever be the first kind, while Hive will always be the second.

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Well, technically the Hive can reach consensus with top 20 witnesses, but in essence yes we have far better censorship-wise features than Twitter.
Many people that are on Twitter hope it will happen and go further beyond ETH/BTC tips, monetized Spaces and Stripe integration with Revue.
Elon Musk tweeted that he plans to re-install suspended accounts, but I think that option will be available only for public personalities, not to ordinary users.
I believe he will suspend all and everyone he dislikes, revoke use of API and I think he may even install doxxing or some form of a technical block to prevent multiple accounts.
For me personally Twitter is a contact for news and and companies, so I do not want to see that censored, then support to communities I am in and some crypto stuff.
Let's wait and see what sort of a change will happen, and IF that change is relevant income-wise.

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Yea, I agree 100%. He has no incentive to do such a thing and he's not gonna save the world by buying twitter and "giving it back to the people".

Also agree on the pizza thing!

!hivebits
!PIZZA

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Success! You mined .9 HBIT and the user you replied to received .1 HBIT on your behalf. Reply to your own post/comment for 100%. Or, support Hivebits at the official HBIT mine | about | wallet | market | tools | connect | <><

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Tipping 1 !PIZZA at a time shouldn't even have a negative effect on price because you can tip 10 0.1 tips right now anyway.

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Insightful and enlightening article right there. Funny how Elon Musk sometimes ago clamored for a decentralized platform to replace twitter and some days later buys shares in the same Twitter he threw subliminal messages at in the first place . This to me only points to the fact he seeks to control that space. Ordinarily one would think of the reason why he is not invested in Hive a platform which steadfastly and painstakingly lives the tenets and dictates of decentralized finance blockchain.

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If Elon actually cared about freedom of speech, he could simply just use the platform as it was intended.

He wouldn't even have to invest in the HIVE token at all!

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No, Elon Musk will NOT decentralise Twitter.

You answered my opinion word-for-word. Twitter needs a "new face" to get people back, to become the center of attention again. Twitter will add some new "free speech" features of no consequence and continue their echo-chamber campaign. My guess is that AI "curation" will become a thing... a fancy way of saying "propaganda in your face".

They want their cake and eat it too. They want to be popular and celebrated while shoving unpopular trash into everyone's FACE. It's not going to work.

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There is a difference between saying you’re censorship resistant and making censorship technically impossible.

Like you said, Twitter will probably just say they're censorship-resistant with some fancy new feature.

But they will always have the option to censor, making it nothing more than marketing spin.

Hie fixes this.

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(Edited)

This is depressing.
Elon could do and be more, but I guess he has done enough, and the flip side of his humanitarian efforts is using his ability to buy assets, pump them and then sell them to support his many companies activities.

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While Elon's approach may be depressing, the flip side is that were building truly censorship-resistant, decentralised Twitter alternatives right here on Hive.

Smile :)

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I agree with you because of how corporations work. For Elon to come along and try to change such a big company with nothing more than his word, he would need to have a controlling interest in the company and then pay billions to redefine the entire corporate structure of the company, and as you said could potentially cause law suits, especially from the big-dollar advertisers.

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It's just not going to happen, is it!

Keep building and focusing our efforts on Hive - The only battle tested, censorship-resistant platform on the planet.

All roads lead to Hive.

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I have to agree with you @forexbrokr. I do not understand why Musk dumped money into #Twitter unless he is just trying to help keep himself from being censored.
I have personally abandoned most of web2.0 social media and have found nice replacements on Hive.
Maybe we need to get Donald Trump to start his social media app on Hive.

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He also can't, Twitter, Facebook, and Instagram didn't start banning people until there was pressure from the media and politicians. This pressure also goes to other shareholders - cancel culture style - so many would disassociate and drop the price.

It's just the same, but different leadership. He might do some minor stuff here or there, but it won't matter.

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Exactly.

I see he's already distracting the market with talk of implementing an edit button...

Completely ignoring the fact that Twitter themselves can delete the message if it doesn't fit in with their own morals.

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I believe he bought the stake to make sure he will not get censored by Twitter, lol. And possibly censor a few guys himself.

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All good points. I think one thing Musk has done is possibly make Twitter slightly less likely to ban someone in the next week or two. Tyrants and those who assist them never really change unless they have something on the level of a Damascus road or burning bush experience. !BBH !HBIT

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Mine HBIT 1-per-day simply with (no space): ! hivebits or ! HBIT or ! hbit or $ HBIT.
Success! You mined .9 HBIT and the user you replied to received .1 HBIT on your behalf. Reply to your own post/comment for 100%. Or, support Hivebits at the official HBIT mine | about | wallet | market | tools | connect | <><

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Tyrants and those who assist them never really change unless they have something on the level of a Damascus road or burning bush experience.

Wow, deep!

:D

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

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The surest way to control the message is to own the platform. I think Elon Musk knows that.

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You don't think that the updated Twitter algo will feed bad news stories about Tesla to their millions of users anymore?

;)

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Haha

I think we'll start to see more integration with Twitter and Dogecoin. I don't know how it will look, but you can bet Elon Musk has a plan.

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