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Charles Hoskinson Welcomes Twitter’s Deplatformization

There has been ongoing discourse about the future of Elon’s Twitter (NYSE:TWTR). At the threat of Twitter being taken off App Stores, Charles Hoskinson brought up the idea of...
Charles Hoskinson Welcomes Twitter’s Deplatformization Charles Hoskinson Welcomes Twitter’s Deplatformization

    • There has been ongoing discourse about the future of Elon’s Twitter (NYSE:TWTR).
    • At the threat of Twitter being taken off App Stores, Charles Hoskinson brought up the idea of making a decentralized alternative to Twitter.
    • A few people from the crypto community chimed in regarding the idea.

The Twitter drama between crypto enthusiasts has gone through many dialogues and discussions over the past few days. This is especially true for the discourse about Elon Musk’s takeover of Twitter.

Lately, however, Charles Hoskinson brought up the idea of creating a decentralized social media platform. This is in response to the news that Apple (NASDAQ:AAPL), Google (NASDAQ:GOOGL), and Amazon (NASDAQ:AMZN) Web services are threatening to remove Twitter from the app store.

Specifically, Charles Hoskinson, the founder of Cardano, said that if Twitter is de-platformed it would be “the greatest gift to the blockchain industry since Santoshi introduced Bitcoin.”

Earlier, Hoskinson proposed this new plan by tweeting: “Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one.”

In response, a tweet by Telos blockchain Chief Architect Douglas Horn chimed in that the project would be delivered by 2035. Another Twitter user joked that the platform would then only be able to send 10 messages per minute, depicting several technical issues with Cardano-based applications.

Meanwhile, a tweet by user Ben Goertzel read that the new platform would be “good fun to build some advanced AI into the Hoskinson/Musk decentralized system, for reputation, management, and transparent personalized automated feed curtain, etc”.

Many critics have argued that Elon’s Twitter takeover would remove freedom of speech and damage American democracy. Controversially, once the takeover happened, Elon lifted the suspension of accounts such as Donald Trump, Tucker Carlson, Mark Levin, and Truckers for Freedom.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
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