One of Twitter's first investors wants it to be decentralized

One of Twitter's first investors wants it to be decentralized ...

Elon Musk's Twitter hasn't immediately helped its stock price, but it has begun a passionate discussion about the company's future. One of the most important remarks came from Fred Wilson, a venture capitalist who was one of the first investors in the company about a year after it was established.

After Musk's acquisition bid today, Wilson said, "Twitter is too important to be owned and controlled by a single person." "The opposite should be happening. Twitter should be decentralized as a protocol that powers an ecosystem of communication goods and services."

While Wilson doesn't explicitly call for Twitter to be governed as a (DAO), his current portfolio is heavily invested in blockchain projects that involve DAOs, and cryptocurrency exchanges. If Twitter became decentralized, the dynamic might result in a somewhat less opaque moderation process on the platform.

Musk claims that his desire to boost is partly motivated by a desire to, but that his opponents argue that his egos versus Tesla and SpaceX are supportive of freedom of speech.

A private, decentralized Twitter would be a huge shift in direction.

Given Musk's tight control of Tesla and SpaceX, it's unlikely that Twitter would become a DAO, even though he is an outspoken supporter of the blockchain community. However, if Twitter did move in the direction Wilson hopes, the negative effects might be unpredictable.

Is it possible for a more open and free Twitter to prevent trolling, harassment, and the proliferation of bot accounts on the service? Would that lead to an exodus from the platform to something more regulated and tightly moderated? Would that, as it was in, include other communication goods and services, or would it, fade into the background?

Marc Andreessen, the co-founder of Netscape, appears to support Musk's decision, saying, "Elon's direct transfer of Twitter is a serious danger to unfree speech." Notably, Andreessen has also forced to move the media needle in a Muskian manner.

Elon's future isn't in his hands yet, but he may change its trajectory.

Hours after Musk announced his retirement, he appeared on stage at TED Talks and discussed the possibilities of a Musk-owned Twitter.

"I don't care about the economics at all," Musk said of the agreement, indicating whether the transaction made business sense. He continued to promote the possibility of opening the platform to its community of users. "The [Twitter] code should be on GitHub," Musk said.

Despite Musk's "best and last" bid for about $43 billion, the board of directors will likely face criticism, which is above Twitter's valuation based on its current stock price of $45.

Given Twitter's growth prospects, the prince Al-Waleed bin Talal, one of Twitter's largest shareholders, says, "I don't believe that the proposed offer by Elon Musk advances into the intrinsic value of Twitter."

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