Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Charles Hoskinson Welcomes Twitter’s Deplatformization

Published 04/29/2022, 12:26 PM
Updated 04/29/2022, 01:00 PM
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.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.