The legal battle that was announced will probably not take place. Elon Musk will eventually buy back Twitter, at the original asking price. The ambitious billionaire, who is a fan of cryptocurrency, has some plans to transform the social networking giant into its Web3 version. We take stock of his ideas.
Would Elon Musk want to base Twitter on the blockchain?
We know the excessive ambitions of Elon Musk for Twitter thanks to leaked messages between the billionaire and Jack Dorsey, the co-founder of the social network. On April 9, the billionaire explained as follows:
“I had an idea for a blockchain-based social networking system that would do both payments and short messages/links, like Twitter. »
The idea would be to make users pay for publications, for a paltry sum of a fraction of a penny. This would have very little impact on common users, but it would prevent scammers from sending too many messages.
“You should pay maybe 0.1 DOGE per comment or per repost. »
Elon Musk sees blockchain as a tool to resist censorship. On April 14, he explained that he had a “ Plan B “ for ” a blockchain version of Twitter ».
👉 Read – How to buy Dogecoin (DOGE) in 2022? Elon Musk’s favorite crypto
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Integrating Twitter into the enigmatic “super app” X?
But since then, the agreement with Twitter had fallen through, and a long legal battle was looming. Until Elon Musk decides to buy the social network again. Will we then see Twitter integrated on a blockchain?
Not necessarily, if we are to believe a brief message sent by Elon Musk on April 25. In the end, he felt that ” a Twitter on the blockchain is not possible »due to scaling issues. Will the role then be taken by “X”, its enigmatic application supposed to meet a wide range of needs? The billionaire implied that the social network would be one of the founding stones of this new project:
Buying Twitter is an accelerant to creating X, the everything app
— Elon Musk (@elonmusk) October 4, 2022
This “super app” could therefore well engulf the social network. Asked about the need to integrate Twitter rather than create a social network, Elon Musk replied that it could speed up the development of X ” 3 to 5 years ».
Elon Musk being particularly changing in his communications, we can of course not consider this as a final project. But this shows the ambitions of the billionairewhich presumably wants to integrate a social network with a payment system, based on blockchain technologies.
👉 On the same subject – Twitter: a former senior executive warns about bots and the security of the social network
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Source: Tech Crunch – Image: Thomas Hawk via Flickr (CC BY-NC 2.0)
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Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
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