Good day everyone.
I'm glad to welcome you'll to my blog again today.
Most of us here should have heard about the purchase of Twitter by the Tesla billionaire in the person of Elon Musk with a whopping sum of $44B.
According to the wall street journal the event was officially announced at April 25, 2022 12:49 pm ET.
Since the official announcement, a lot questions have been raised as to why Elon is interested in Twitter and that has raised different response and opinions with some saying he is just after showing off while some argued that is it just out of mere love for the platform thus backing their argument up with Elon's tweet from 2017.
- See below
In as much as there's no doubt that Elon said that in 2017, his aim of buying tweeter shouldn't just be for mere love for the social platform and that was made clear in his tweet after he bought the platform.
- See below
Having said that he is after the fight against free speech, he has also added he will ggo ahead in enhancing the features of the social platfrom by making its algorithm open-source.
Being open-source, it means that the software will be readily available and there won't be restrictions on use and accessibility.
But does this mean that Twitter will be completely decentralized??
We do not know yet but there are very high chances that the enhancement will result to that.
We already know that Musk is a top fan of cryptocurrency with his major holdings being DOGE and Bitcoin which are the King of meme tokens and the Father of all cryptocurrencies respectively but that still do not garuantee the total decentralization of Twitter.
If Musk ends up decentralzing Twitter, that will be a plus for the enter cryptocurrency and blockchain space as that will create massive cryptocurrency awareness and adoption which in turn will escalate the value of many crypto assets but untill then, let's keep our fingers crossed.
:::Discord :::Whatsapp:::Twitter :::